You are here

Written by 

Mercuria and Glencore Renew Copper Deal with Gécamines 1 Mining in DRC Copper 

Mercuria and Glencore Renew Copper Deal with Gécamines

Constance
Mercuria Energy Group Ltd. and Glencore Plc have renewed their agreement to purchase copper from the Democratic Republic of Congo’s state-owned miner, Gécamines. This move aligns with Gécamines’ strategy to independently market its share of output from joint ventures. According to sources familiar with the matter, the two commodity traders successfully bid for copper from the Tenke Fungurume mine, which is majority-owned by China’s CMOC Group Ltd. Mercuria secured 50% of Gécamines’ allocated copper, while Glencore obtained 25%. The remaining 25% has yet to be assigned. These allocations mirror last… Read More Here
Lualaba Civil Society Backs DRC’s Temporary Cobalt Export Ban to Stabilize Market 2 Cobalt Economy Mining in DRC 

Lualaba Civil Society Backs DRC’s Temporary Cobalt Export Ban to Stabilize Market

Constance
Amid a sharp decline in cobalt prices, civil society organizations in Lualaba, in collaboration with the CASMIA-G ASBL platform, have assessed the government’s recent decision to temporarily suspend cobalt exports. This measure, enacted by the Regulatory and Control Authority for Strategic Mineral Substances Markets (ARECOMS), aims to curb oversupply and stabilize the market. Cobalt, classified as a strategic mineral under Article 7 bis of the Mining Code, is crucial to the Congolese economy. The majority of production comes from Lualaba and Haut-Katanga, sourced from both industrial mines and artisanal cooperatives.… Read More Here
Vedanta CEO Visits KCM to Strengthen Commitment to Mine’s Future 3 Mining in Zambia Copper Corporate News News in Brief 

Vedanta CEO Visits KCM to Strengthen Commitment to Mine’s Future

Constance
Vedanta Resources Group CEO, Deshnee Naidoo, visited Konkola Copper Mines (KCM) operations in Chingola and Chililabombwe last week to gain firsthand insight into the mine’s operations. Her visit follows her recent appointment to lead Vedanta’s expansion projects. Accompanied by a high-level delegation, including Vedanta Base Metals CEO Christopher Griffith, KCM Chief Operating Officer Malcolm Mewett, and other senior officials, Naidoo’s visit reaffirmed Vedanta’s strong commitment to the future of KCM and its strategic growth plans. Read More Here
DRC Seeks Exclusive Partnership with US for Critical Minerals and Security Assistance 4 Mining in DRC Battery Metals Governance Uranium 

DRC Seeks Exclusive Partnership with US for Critical Minerals and Security Assistance

Constance
The Democratic Republic of Congo (DRC) has proposed an exclusive partnership with the United States, offering access to its vast mineral resources and infrastructure projects in exchange for security assistance amid a rebellion supported by neighboring Rwanda. In a letter to US Secretary of State Marco Rubio, Congo requested an urgent meeting between Presidents Felix Tshisekedi and Donald Trump to discuss a potential agreement that would grant American companies access to some of the world’s most valuable minerals essential for the global energy transition. “As the world’s largest supplier of… Read More Here
Cobalt Prices Surge Following DRC’s Export Suspension 5 Mining in DRC Cobalt Economy 

Cobalt Prices Surge Following DRC’s Export Suspension

Constance
On February 28, 2025, the price of cobalt oxide on the Shanghai Metals Exchange rose to €16,640 per tonne (excluding tax), marking a 1.46% increase over the past five days. This trend was also observed on the London Metal Exchange, where April 2026 cobalt oxide contracts jumped 5%, trading at $22,246.19 per tonne, up from the previous price of $21,153. This price increase follows the Democratic Republic of Congo’s (DRC) announcement on February 22 that it would suspend cobalt exports for four months, a move aimed at addressing the global… Read More Here
Zambia’s Mines Minister Dismisses Claims of Copper and Gold in Lusaka’s Chunga Compound 6 Mining in Zambia News in Brief 

Zambia’s Mines Minister Dismisses Claims of Copper and Gold in Lusaka’s Chunga Compound

Constance
Minister of Mines and Minerals Development, Hon. Paul C. Kabuswe, has confirmed that there is no evidence of copper or gold in Lusaka’s Chunga Compound, where residents have been digging in search of minerals. A detailed investigation by the Geological Survey Department revealed that the mineral present at the site is primarily iron ore, specifically magnetite. However, the assessment determined that the deposit is not economically viable for extraction by individuals, cooperatives, or small-scale miners. Hon. Kabuswe urged the public to halt all mining activities in the area, emphasizing that… Read More Here
JSE Suspends Ayo Technology Solutions Over Listing Non-Compliance 7 International 

JSE Suspends Ayo Technology Solutions Over Listing Non-Compliance

Constance
The Johannesburg Stock Exchange (JSE) has suspended Ayo Technology Solutions’ listing due to the company’s failure to comply with its listing requirements, specifically its inability to publish its annual report for the financial year ending August 31, 2024. “In accordance with the listing requirements and the Financial Markets Act, the company’s securities have been suspended with immediate effect,” the JSE announced. Ayo Technology Solutions had previously informed shareholders of delays in publishing its financial results through multiple Stock Exchange News Service (SENS) statements, the latest of which was issued on… Read More Here
Old Mutual Takes Full Ownership of African Infrastructure Investment Managers 8 International Corporate News Infrastructural Development 

Old Mutual Takes Full Ownership of African Infrastructure Investment Managers

Constance
Old Mutual has acquired full ownership of African Infrastructure Investment Managers (AIIM) as part of its strategy to strengthen its asset management portfolio and capitalize on Africa’s growing infrastructure investment opportunities. AIIM, which manages $1 billion in assets, invests in key sectors such as renewable energy, communication infrastructure, toll roads, airports, ports, and pipelines. “This is another important step in achieving Old Mutual’s goal of becoming a leading African financial services provider,” said Ralph Mupita, CEO of Old Mutual Emerging Markets. Infrastructure investment in Africa remains a major growth sector,… Read More Here
PIC Rejects Barloworld Takeover in South Africa Over Governance Concerns 9 Mining Equipment International 

PIC Rejects Barloworld Takeover in South Africa Over Governance Concerns

Constance
State-owned asset management firm, the Public Investment Corporation (PIC), which holds a 21.97% stake in industrial equipment and services company Barloworld, has confirmed voting against the proposed takeover of the company at R123.10 per share. The PIC also exercised its right to vote against board members up for re-election at Barloworld’s Annual General Meeting (AGM) on February 21. In a statement, the PIC emphasized its mandate to generate value and financial returns for its clients while ensuring positive socioeconomic outcomes. While acknowledging that the offer price represented a premium within… Read More Here
ERG CEO Seeks Chinese Investment in Key African and Central Asian Mines 10 Corporate News Mining Personality 

ERG CEO Seeks Chinese Investment in Key African and Central Asian Mines

Constance
Shukhrat Ibragimov, the newly appointed CEO of Eurasian Resources Group (ERG), is actively courting Chinese investment in the company’s world-class deposits of critical minerals across Africa and Central Asia. Since taking over as chairman and CEO in 2024, Ibragimov has made a series of overtures to Chinese partners, emphasizing their role in the global green transition, stating, “There is no green transition without China.” ERG holds vast copper and cobalt deposits in the Democratic Republic of Congo (DRC), worth hundreds of millions of dollars. These minerals are at the center… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.