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Nigeria Bets on Steel to Diversify Economy and Slash $4B in Annual Imports 1 Gold Economy International 

Nigeria Bets on Steel to Diversify Economy and Slash $4B in Annual Imports

Constance
Nigeria is intensifying efforts to revive its long-stagnant steel industry as part of a broader strategy to diversify its oil-dependent economy. At the core of this push are plans to overcome decades of operational and financial setbacks, accelerate industrialization, and achieve self-sufficiency in steel production. On April 14, 2025, Nigerian firm Chart & Capstone Integrate Ltd signed a memorandum of understanding (MoU) with China’s Sinomach-HE to construct a $2.5 billion steel plant in Kogi State. This marks one of the largest initiatives yet in Nigeria’s ongoing campaign to reduce its… Read More Here
Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results 2 Copper Corporate News Drilling New Mining Projects 

Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results

Constance
Xtract Resources, an Aim-listed company, has announced that recent assay results from its ongoing drilling campaign at the Silverking copper project in Zambia have doubled the strike length of high-grade mineralisation to over 160 metres. The company, which is working to earn up to a 70% stake in the project from Oval Mining, released results from a second batch of diamond drill holes. These results confirmed consistent high-grade copper and silver mineralisation across significant widths. In addition, Xtract noted that its metallurgical testwork now includes efforts to upgrade and pre-concentrate… Read More Here
DRC Shifts Focus to Mining Sector Diversification for Sustainable Growth 3 Mining in DRC 

DRC Shifts Focus to Mining Sector Diversification for Sustainable Growth

Constance
The Democratic Republic of Congo (DRC), through the Ministry of Mines, has launched a renewed drive to diversify its mining sector. This initiative is aimed at strengthening the country’s economic resilience and supporting inclusive, sustainable development. According to a statement from the Ministry of Mines, Minister Kizito Pakabomba is leading efforts to reduce the nation’s overreliance on copper and cobalt by expanding into other strategic minerals such as lithium, gold, and rare earth elements. “The Minister of Mines, Kizito Pakabomba, is initiating a new approach to diversify the mining sector… Read More Here
South Kivu Governor Warns of Fake Mining Documents Circulated from Bujumbura 4 Mining in DRC 

South Kivu Governor Warns of Fake Mining Documents Circulated from Bujumbura

Constance
On Thursday, May 1, 2025, South Kivu Governor Jean-Jacques Purusi issued a formal letter to the heads of the Territorial and Urban-Territorial Mining Offices, raising alarm over the circulation of falsified mining documents reportedly produced outside the province, particularly in Bujumbura, Burundi. According to the governor, several unauthorized and counterfeit documents—including receipt books, vignettes, trader cards, and artisanal mining operator cards—have been identified. These materials, he said, were printed without the knowledge or authorization of the Provincial Government and lack the legally required signature of the Provincial Minister of Mines,… Read More Here
Carter Center Urges DRC to Reform Mining Tax System for Greater Revenue 5 Mining in DRC Mining tax 

Carter Center Urges DRC to Reform Mining Tax System for Greater Revenue

Constance
In a newly released study titled “Between Hopes and Realities: A Critical Look at the Tax Regime of the Revised Mining Code of March 2018 and Its Impact on Revenue Maximization,” the Carter Center has called on the Democratic Republic of Congo (DRC) to overhaul its mining tax system and modernize tax administration to better capitalize on the country’s vast mineral wealth. Published on April 30, the report comes seven years after the revised Mining Code came into effect. According to Romain Ravet, the Carter Center’s country representative in the… Read More Here
Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment 6 Mining in Zambia Copper Corporate News 

Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment

Constance
Vedanta Resources, the mining and energy conglomerate led by Indian billionaire Anil Agarwal, is exploring a possible stock market listing of its Zambian copper division to raise capital for major investment in the asset. “Listing is an option,” said Ajay Goel, Chief Financial Officer of Vedanta Ltd., adding that while no specific timeline has been set, the idea is actively being considered. He did not disclose the potential size or location of the listing. The move follows Vedanta’s reinstatement as the operator of Konkola Copper Mines (KCM) in Zambia last… Read More Here
U.S. Pushes for DRC-Rwanda Peace Deal Tied to Multi-Billion Dollar Mineral Investments 7 Mining in DRC Regional conflict 

U.S. Pushes for DRC-Rwanda Peace Deal Tied to Multi-Billion Dollar Mineral Investments

Constance
The United States is working to broker a peace agreement between the Democratic Republic of Congo (DRC) and Rwanda, with the goal of finalizing and signing the accord at the White House in roughly two months. The peace deal would be accompanied by bilateral mineral agreements expected to unlock billions of dollars in Western investment across the region, according to Massad Boulos, senior advisor for Africa to former President Donald Trump. “When we sign the peace agreement, the minerals deal with the DRC will be signed that same day, followed… Read More Here
Zambia Advances $500 Million Solar Energy Drive to Power 130,000 Homes 8 Mining in Zambia Energy 

Zambia Advances $500 Million Solar Energy Drive to Power 130,000 Homes

Constance
ZESCO, Zambia’s state-owned energy utility, has announced a series of upcoming initiatives aimed at boosting renewable energy and improving national energy resilience. Central to these efforts is a Presidential Solar Directive designed to provide clean energy to 130,000 households across the country. The announcement was made on Tuesday by Charles Kaisala, a ZESCO board member and energy policy chairman for the ruling United Party for National Development (UPND), during a party event held in Lusaka. The directive, championed by the government, focuses on accelerating rooftop solar panel installations and introducing… Read More Here
Reimagining Reliability: How AI-Powered Asset Intelligence is Transforming Mining Operations in Sub-Saharan Africa 9 Sponsored Content International 

Reimagining Reliability: How AI-Powered Asset Intelligence is Transforming Mining Operations in Sub-Saharan Africa

Constance
For over 115 years, Dickinson Group of Companies (DGC) has delivered industrial excellence across Sub-Saharan Africa. Today, through its DGC Africa operations, the company is addressing one of the most pressing strategic challenges facing mining and industrial organisations: maintaining, managing, and future-proofing high-value industrial assets under increasingly demanding and unpredictable conditions. With a growing regional footprint, headquartered in Kitwe, Zambia, DGC Africa delivers strategic, performance-driven services that strengthen plant reliability, accelerate engineering innovation, and enable workforce transformation. The company’s recent launch of its AI-powered reliability platform, DGC SmartAsset Intelligence, marks… Read More Here
Zambia's Copper Sector Gains Momentum with 30% Output Increase in Q1 2025 10 Copper Economy Mining in Zambia 

Zambia’s Copper Sector Gains Momentum with 30% Output Increase in Q1 2025

Constance
Zambia’s copper production surged by approximately 30% in the first quarter of 2025, reaching around 224,000 metric tonnes compared to 173,000 metric tonnes during the same period in 2024, according to Mines Minister Paul Kabuswe. In a statement issued on Wednesday, Kabuswe attributed the increase to improved production at two major operations—Konkola Copper Mines (KCM) and Mopani Copper Mines—both of which have seen renewed investment and operational recovery. This follows Zambia’s announcement earlier in January that total copper output for 2024 rose by 12%, hitting roughly 820,670 metric tonnes, up… Read More Here

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