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KoBold Seeks Lithium Stake in DRC’s Manono Amid Legal Dispute and Geopolitical Shifts 1 Mining in DRC Battery Metals Corporate News Lithium New Mining Projects 

KoBold Seeks Lithium Stake in DRC’s Manono Amid Legal Dispute and Geopolitical Shifts

Constance
KoBold Metals, a U.S.-based mining company backed by prominent investors including Bill Gates and Jeff Bezos, is intensifying efforts to secure rights to the Manono lithium deposit in the Democratic Republic of Congo (DRC)—a site widely regarded as a potential world-class lithium mine. A January 2024 estimate suggests Manono holds 669 million tonnes of resources with an average grade of 1.61% lithium. On May 6, 2025, KoBold and Australia’s AVZ Minerals issued a joint statement titled Developing Manono for Peace and Prosperity, signed by their CEOs, Kurt House and Nigel… Read More Here
DRC Launches Tender to Revive Key Northeastern Railway Corridor 2 Mining in DRC Contracts & tenders Transport and Logistics 

DRC Launches Tender to Revive Key Northeastern Railway Corridor

Constance
The government of the Democratic Republic of Congo has launched an international tender to restore and modernize the Bumba–Aketi–Buta–Mungbere railway, an 870-kilometre line in the northeastern part of the country. The tender was officially announced on May 2, 2025, by the Ministry of Transport in Kinshasa. This narrow-gauge railway (0.60 meters), with rails ranging from 18 to 33 kg/m, was once a backbone of the regional economy, transporting agricultural and mineral products. However, it has been in disrepair since the late 1990s, following decades of neglect and the collapse of… Read More Here
DRC Partners with Former US Navy SEAL Erik Prince to Secure Mining Revenues 3 Mining in DRC Partnership 

DRC Partners with Former US Navy SEAL Erik Prince to Secure Mining Revenues

Constance
The Democratic Republic of Congo (DRC) has signed an agreement with Erik Prince, a former US Navy SEAL and founder of the private military company Blackwater, to help secure its mining revenues. The agreement, reached several months ago before the January 2025 rebel offensive by M23 forces, aims to improve transparency in the extractive industries and ensure that production and revenues are distributed in line with the Congolese Mining Code. The initiative targets smuggling and corruption, which continue to cause substantial revenue losses. Initial operations were reportedly planned for the… Read More Here
Fortuna Mining Eyes Guinea After Burkina Faso Exit Amid Rising Regional Risks 4 International Corporate News Gold 

Fortuna Mining Eyes Guinea After Burkina Faso Exit Amid Rising Regional Risks

Constance
Canadian miner Fortuna Mining is refocusing its West African operations on Guinea, signaling a strategic shift following its recent exit from Burkina Faso due to escalating security concerns and regulatory uncertainty. CEO Jorge Ganoza confirmed the company’s new direction in an interview with Reuters, stating that while Fortuna currently has no active operations in Guinea, it is conducting site visits and engaging with local authorities as part of its effort to tap into the country’s gold sector potential. This pivot comes as international miners navigate a changing landscape across West… Read More Here
DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks 5 Mining in DRC Exploration Oil & Gas 

DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks

Constance
The Democratic Republic of Congo (DRC) has officially opened 52 new oil exploration blocks in the Cuvette Centrale sedimentary basin, according to a recent announcement by Minister of Hydrocarbons, Aimé Sakombi Molendo. This marks the completion of the basin’s division into exploration zones. The process was carried out in coordination with the Ministry of Environment to ensure that boundaries of protected areas were respected. The newly designated blocks add to the three exploration areas previously awarded to state-owned COMICO, located in Mbandaka, Lokoro, and Busira. The Cuvette Centrale region is… Read More Here
DRC Engages EU on Peace and Aid as PM Suminwa Meets Great Lakes Envoy 6 Mining in DRC Governance 

DRC Engages EU on Peace and Aid as PM Suminwa Meets Great Lakes Envoy

Constance
On Wednesday, April 30, 2025, Prime Minister Judith Suminwa Tuluka met with Mr. Johan Borgstam, the European Union’s Special Representative for the Great Lakes Region, to discuss the EU’s continued support for humanitarian aid and peace initiatives in the Democratic Republic of Congo (DRC). “It was a very warm exchange,” said Borgstam. “We discussed the EU’s support for humanitarian operations in eastern DRC, ongoing peace processes, and development cooperation projects. The EU has already delivered over 100 tons of humanitarian aid, now in Goma.” He also welcomed recent diplomatic progress,… Read More Here
Zambia, Zimbabwe Revive Batoka Gorge Project with Congo River Water Plan 7 Mining in Zambia Hydro power plant 

Zambia, Zimbabwe Revive Batoka Gorge Project with Congo River Water Plan

Constance
Zambia and Zimbabwe are intensifying efforts to attract investment for the long-delayed $5 billion Batoka Gorge hydropower project by revisiting a controversial plan to divert water from the Democratic Republic of Congo (DRC). The Zambezi River Authority (ZRA), a joint agency managing the Kariba Dam on behalf of both countries, has formed a dedicated team to engage potential investors for the 2,400-megawatt power project, according to CEO Munyaradzi Munodawafa. “Our resource mobilization effort is targeting a timeframe of 12 to 18 months, depending on investor confidence, market conditions, and continued… Read More Here
Perseus Commits $523 Million to Tanzania’s Largest Gold Project in Over a Decade 8 International Gold New Mining Projects 

Perseus Commits $523 Million to Tanzania’s Largest Gold Project in Over a Decade

Constance
Australian gold producer Perseus Mining has approved a final investment of $523 million to develop the Nyanzaga Gold Project in Tanzania, marking the country’s most significant gold mine development in more than 17 years. The project will be fully financed from Perseus’ existing cash and gold reserves, which currently total $801 million. The investment will support the construction of a processing plant, related infrastructure, and the overall development of the mine. First gold production is expected in the first quarter of 2027. So far, Perseus has invested $27.5 million to… Read More Here
Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April 9 Mining in DRC Copper Corporate News 

Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April

Constance
 Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced today that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 50,176 tonnes of copper in concentrate during the 30 days of April. The concentrators milled 1.35 million tonnes of ore at an average feed grade of 4.19% copper during the month. The recently ramped-up Phase 3 concentrator achieved an average recovery rate of… Read More Here
KoBold Metals Expands Presence in DRC with New Leadership Appointment 10 Mining in DRC Mining Personality New Mining Projects 

KoBold Metals Expands Presence in DRC with New Leadership Appointment

Constance
US-based KoBold Metals, a mineral exploration company backed by high-profile investors including Bill Gates and Jeff Bezos, has announced further expansion into the Democratic Republic of the Congo (DRC) with the appointment of Benjamin Katabuka as Director-General for its DRC operations. KoBold is best known for its data-driven exploration approach, using artificial intelligence to pinpoint untapped mineral resources. The company has already drawn attention with a bid for the Manono project—one of Africa’s largest known lithium deposits, which also contains significant tin reserves. Katabuka stated that KoBold plans to apply… Read More Here

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