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Panama Explores New Solutions for First Quantum’s Copper Mine 1 International Copper 

Panama Explores New Solutions for First Quantum’s Copper Mine

Constance
Panama’s President Jose Raul Mulino announced that his administration is considering “novel ideas” for handling First Quantum Minerals’ Cobre Panama copper mine, while insisting that the company drop its arbitration cases before negotiations can proceed. Speaking in Panama City on Thursday, Mulino stated that he plans to visit communities impacted by the mine’s closure. Since the late-2023 shutdown, following a constitutional court ruling against its operating contract, local suppliers have suffered heavy losses. Many businesses have shut down or written off significant inventory, underscoring the mine’s role as a key… Read More Here
DRC Journalists Trained on Mining Taxation to Enhance Transparency 2 Mining in DRC 

DRC Journalists Trained on Mining Taxation to Enhance Transparency

Constance
Journalists in the Democratic Republic of Congo have gained valuable insights into mining taxation, equipping them to advocate for transparent management in the sector. This training, organized by the Oisillons Groupe Association with support from the German Technical Cooperation (GIZ) under the DISMII project (Maximizing Revenues from the Mining Sector), aims to strengthen journalists’ ability to monitor and influence the mining sector’s revenue management. According to the association’s coordinator, the training’s goal is to empower journalists to play a more significant role in overseeing mining revenues and ensuring transparency. Expert… Read More Here
SACIM Struggles with Diamond Sales Restrictions and Financial Challenges in Kasai-Oriental 3 Mining in DRC Diamond 

SACIM Struggles with Diamond Sales Restrictions and Financial Challenges in Kasai-Oriental

Constance
The Anhui Congo Investment Company (SACIM) in Kasai-Oriental continues to face significant challenges, raising concerns across the region. On February 26, 2025, a SACIM manager revealed to Actualité.cd that the company, which typically produces an average of 300,000 carats of diamonds per month, is encountering difficulties in selling its diamonds due to newly imposed price restrictions. Under the terms of Ministerial Decree No. 00049/CAB.MIN/MINES/01/2022, dated February 22, 2022, SACIM is restricted to selling its diamonds to only four buyers, under the oversight of the Center for Expertise and Certification (CEEC).… Read More Here
Botswana Launches Inaugural SADC Sustainable Energy Week Calls for Urgent Action on Energy Security 4 International Events & Expos 

Botswana Launches Inaugural SADC Sustainable Energy Week Calls for Urgent Action on Energy Security

Constance
Botswana’s President, Advocate Duma Gideon Boko, officially opened the inaugural Southern African Development Community (SADC) Sustainable Energy Week in Gaborone, calling for urgent action to secure sustainable energy access across the region. At the high-level conference, held from 24-28 February 2025 under the theme “Accelerating Sustainable Energy Solutions for an Energy-Secure SADC Region,” President Boko urged SADC Member States and stakeholders to move beyond dialogue and implement actionable solutions to ensure clean, affordable, and reliable energy for all. “The time for talk is over. It’s time to act! Let’s work… Read More Here
Midnight Sun Announces Significant New Targets at Kazhiba 5 Mining in Zambia Corporate News Exploration New Mining Projects 

Midnight Sun Announces Significant New Targets at Kazhiba

Constance
Midnight Sun Mining Corp. (TSXV: MMA / OTC: MDNGF) (“Midnight Sun” or the “Company”) has announced the successful results from its 2024 geochemical and geophysical exploration programs, which have uncovered significant new sulphide and oxide copper targets at the Kazhiba property. Exploration drilling is scheduled to begin in early Q2, with the aim of testing these newly identified targets. The Partial Ionic Leach geochemistry results have revealed a strong copper anomaly stretching over four kilometres, which aligns with high chargeability and low resistivity zones identified in the induced polarization (IP)… Read More Here
Zambia Launches ZIMIS to Enhance Mining License Management and Support Growth 6 Mining in Zambia News in Brief 

Zambia Launches ZIMIS to Enhance Mining License Management and Support Growth

Constance
The Ministry of Mines and Minerals Development of Zambia has unveiled the Zambia Integrated Mining Information System (ZIMIS), a cutting-edge digital platform designed to improve efficiency and transparency in mining license management. ZIMIS replaces the former Cadastre System and aims to streamline the process of issuing mining rights, directly supporting Zambia’s ambitious target of reaching 3.1 million tons of annual copper production by 2031. In line with ongoing compliance monitoring efforts, ZIMIS also supports the repossession of over 1,000 non-compliant licenses in 2024, which will be reallocated in 2025, opening… Read More Here
DRC’s SNEL Utility Faces $3 Billion Debt Crisis as Restructuring Plan Takes Shape 7 Mining in DRC Electricity 

DRC’s SNEL Utility Faces $3 Billion Debt Crisis as Restructuring Plan Takes Shape

Constance
Société Nationale d’Électricité (SNEL), the Democratic Republic of Congo’s (DRC) state-owned power utility, is burdened with a debt exceeding $3 billion—more than three times its 2022 sales, according to the African Development Bank’s (AfDB) recent Compact Énergétique National report. The debt is comprised of financial obligations (over 75%), commercial debt (13%), tax liabilities (11%), and social debt (0.3%). Financial debt alone surpasses $2 billion, stemming primarily from mining contracts (42%) and loans from multilateral investment banks (58%). In response, the Congolese government is committed to restructuring SNEL’s commercial and financial… Read More Here
DRC President Proposes Mineral Deal for Peace with US and Europe 8 Mining in DRC Regional conflict 

DRC President Proposes Mineral Deal for Peace with US and Europe

Constance
In a bold diplomatic move, President Felix Tshisekedi of the Democratic Republic of Congo (DRC) has reportedly proposed granting the United States and Europe access to the country’s vast mineral resources, contingent upon their intervention to end the ongoing conflict devastating the nation. On Sunday, Presidential Spokesperson Tina Salama urged the US to “directly purchase critical minerals” from the DRC rather than sourcing “looted” and “smuggled” resources through Rwanda. She extended the same request to Europe and other buyers, emphasizing that the DRC is the “rightful owner” of these valuable… Read More Here
Barrick Gold Advances Drilling at Pueblo Grande Project in Dominican Republic 9 Gold Corporate News Drilling 

Barrick Gold Advances Drilling at Pueblo Grande Project in Dominican Republic

Constance
Barrick Gold (NYSE: GOLD) (TSX: ABX) has launched the next phase of drilling at the Pueblo Grande project, located adjacent to its Pueblo Viejo gold mine in the Dominican Republic. This drilling is part of an earn-in agreement with Precipitate Gold (TSXV: PRG), the project’s owner. The Phase 3 drilling program will target high-priority areas within the Pueblo Grande Norte and Pueblo Grande Sur zones. So far, Barrick has identified two early-stage targets at Pueblo Grande Norte, along with several gold-in-soil anomalies across portions of the Pueblo Grande Sur zone.… Read More Here
US Copper Tariff Threat Spurs Global Trading Surge 10 International Copper 

US Copper Tariff Threat Spurs Global Trading Surge

Constance
Top commodity traders are seizing a significant profit opportunity by shipping copper to the US from locations as far as Asia, driven by President Donald Trump’s potential import tariffs on the metal. On February 24, 2025, the gap between US copper prices and those on the global market widened sharply after Trump ordered the Commerce Department to examine possible tariffs. On February 25, New York’s Comex saw prices surge by as much as 4.9%, reaching more than $1,000 per ton above the London Metal Exchange (LME) benchmark, which rose 1.2%… Read More Here

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