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MMG Suspends Cobalt Processing at Kinsevere Amid Price Slump 1 Mining in DRC Cobalt 

MMG Suspends Cobalt Processing at Kinsevere Amid Price Slump

Constance
Chinese state-controlled miner MMG Ltd has halted operations at its cobalt processing plant in the Democratic Republic of Congo (DRC) just 15 months after its launch, citing a sharp decline in cobalt prices. The company, 67% owned by China Minmetals Corp, suspended the facility at its Kinsevere mine in December 2024 due to unfavorable market conditions. This decision comes as the Congolese government imposed a four-month export ban on cobalt last week, aiming to curb oversupply and stabilize prices in the world’s leading cobalt-producing nation. MMG recently completed a $600… Read More Here
Xtract Resources Launches Diamond Drilling at Silverking Copper Project in Zambia 2 Mining in Zambia Diamond Drilling New Mining Projects 

Xtract Resources Launches Diamond Drilling at Silverking Copper Project in Zambia

Constance
London-listed Xtract Resources has commenced a diamond drilling program at its Silverking project (Licence 26673-HQ-LEL) in Zambia’s Mumbwa district, Central Province. The program aims to advance project development by assessing mineralisation potential and expanding exploration. Silverking operates under an option and joint venture agreement with Oval Mining, allowing Xtract to earn up to a 70% stake in the Silverking copper mine and its surrounding exploration licence. Key Drilling Objectives The drilling campaign seeks to: Advancing Mine Development Xtract’s executive chairperson, Colin Bird, emphasized the project’s advantage due to historical small-scale… Read More Here
CNPAV Demands Fair Renegotiation of Sicomines Agreement to Protect DRC’s Interests 3 Mining in DRC Corporate News Governance 

CNPAV Demands Fair Renegotiation of Sicomines Agreement to Protect DRC’s Interests

Constance
The Congo Is Not for Sale coalition (CNPAV) is urging the Presidency, the government, Parliament, and the executive committee of the EITI-DRC to take concrete steps to reassess the Sicomines convention and its fifth amendment. The coalition calls for a fairer balance of interests between the parties by addressing structural imbalances, financial losses, and ongoing uncertainty over infrastructure funding. CNPAV reaffirms its commitment to a just renegotiation of the Sicomines contract—one that prioritizes both the short- and long-term interests of the Congolese people and ensures a fairer economic future for… Read More Here
Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board 4 Mining in DRC Corporate News Mining Personality 

Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board

Constance
 Ivanhoe Mines Executive Co-Chair Robert Friedland announced that Mr. Jinghe Chen, Chairman of Zijin Mining Group Co. Ltd., has stepped down from Ivanhoe’s the board of directors and has been replaced with the appointment of Dr. Chun (James) Wang, Vice President of Overseas Operations for Zijin Mining. Mr. Chen has served on Ivanhoe Mines’ board of directors since 2019, following the strategic investment by Zijin Mining into Ivanhoe Mines and the forming of the Kamoa Copper joint venture in 2015. Dr. Wang replaces Mr. Chen on the board of directors,… Read More Here
Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025 5 Mining in DRC Copper Press Release Zinc 

Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459 tpd in February. These achievements are just… Read More Here
Mali to Partially Lift Mining Permit Suspension on March 15 6 International 

Mali to Partially Lift Mining Permit Suspension on March 15

Constance
Mali will partially lift its suspension on the issuance of mining permits starting March 15, the Ministry of Mines announced. The West African nation, one of Africa’s leading gold producers, halted the allocation of mining titles in November 2022, citing the need to improve regulatory procedures. In 2023, the country introduced a new mining code that increased taxes and granted the state larger stakes in mining assets. The ministry stated that the suspension will be eased following extensive efforts to clean up the mining register. As a result, authorities will… Read More Here
US and DRC in Talks Over Critical Minerals Deal 7 Mining in DRC Cobalt Copper Lithium 

US and DRC in Talks Over Critical Minerals Deal

Constance
The United States is engaging in exploratory discussions with the Democratic Republic of Congo (DRC) over a potential agreement that would grant the US access to the country’s critical minerals in exchange for military support. The DRC government reportedly initiated discussions two weeks ago, following an interview in which President Félix Tshisekedi stated that the Trump administration had expressed interest in the nation’s vast mineral resources. The DRC is the world’s largest producer of cobalt, a key component in electric vehicle batteries, accounting for over 70% of global production. The… Read More Here
US and Ukraine Revive Minerals Deal After Contentious Oval Office Meeting 8 International Governance 

US and Ukraine Revive Minerals Deal After Contentious Oval Office Meeting

Constance
The United States and Ukraine are moving forward with a minerals agreement that was derailed after a tense Oval Office meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskiy, sources familiar with the situation revealed on Tuesday. Trump has expressed a desire to announce the deal during his address to Congress on Tuesday evening, though it remains unsigned, and the situation could still change, according to three sources. The White House, Ukraine’s presidential administration in Kyiv, and the Ukrainian embassy in Washington have not responded to requests for comment.… Read More Here
Mali Bans Small-Scale Gold Mining Permits for Foreigners Amid Safety Concerns 9 Gold Artisanal mining Mining safety 

Mali Bans Small-Scale Gold Mining Permits for Foreigners Amid Safety Concerns

Constance
Mali has halted the issuance of small-scale gold mining permits to foreign nationals following a series of fatal mining accidents. Interim President Assimi Goïta has directed the government to implement stricter measures to prevent human and environmental disasters, Minister of Security and Civil Protection General Daoud Aly Mohamedinne announced on Wednesday. The new measures include: The crackdown follows a tragic mine collapse in western Mali last month, which claimed the lives of at least 49 people, many of them women. The accident occurred in an open-pit site where individuals were… Read More Here
Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma 10 Mining in DRC Copper New Mining Projects Tin 

Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma

Constance
AIM-listed Rome Resources has announced promising assay results from drill hole MADD018 at its Mont Agoma prospect in the Democratic Republic of Congo. The results confirm a cumulative 62.25 m higher-grade copper zone at 0.61% within a broader 148 m intercept averaging 0.35% copper. Recent drilling has also revealed visible tin across a 40 m interval in hole MADD024, along with a 179 m visible copper zone. Located approximately 70 m beneath the earlier MADD012 drill hole—which reported a 40 m-wide tin zone grading between 0.1% and 0.3%—MADD024 appears to… Read More Here

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