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Zambia Police Pledge Support to First Quantum Minerals in Kalumbila 1 Mining in Zambia Copper 

Zambia Police Pledge Support to First Quantum Minerals in Kalumbila

Constance
The North-Western Division of the Zambia Police has pledged continued support for First Quantum Minerals Limited (FQML) and its mining investments. This commitment was made during a courtesy visit to FQML’s operations in Kalumbila at the FQM Trident Limited site, which includes the Sentinel Copper and Enterprise Nickel Mines. The delegation, led by newly appointed Commissioner of Police Paul Achiume, included Deputy Commissioner Desmond Mwanza and Senior Assistant Commissioner Kennedy Mumbi. The visit aimed to familiarize the team with the operations of the mines. Upon arrival, the team was welcomed… Read More Here
Lake Kariba Water Levels Remain Low, Highlighting Power Generation Challenges in Zimbabwe 2 Electricity 

Lake Kariba Water Levels Remain Low, Highlighting Power Generation Challenges in Zimbabwe

Constance
Water levels at Lake Kariba have been gradually rising due to the ongoing rainy season, raising hopes for improved hydropower generation later this year. However, the current levels remain significantly lower than those of the same period last year, according to the latest data from the Zambezi River Authority (ZRA). As of Monday, the water level stood at 476.41 meters, compared to 477.84 meters at the same time last year. The Kariba Dam operates within a water level range of 475.50 meters to 488.50 meters, with usable live storage—critical for… Read More Here
DRC Finance Minister Discusses Economic Stability with IMF Managing Director 3 Mining in DRC Economy 

DRC Finance Minister Discusses Economic Stability with IMF Managing Director

Constance
On February 19, 2025, DRC Finance Minister Doudou Fwamba Likunde Li-Botayi met with IMF Managing Director Kristalina Georgieva to discuss the implementation of the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. This meeting, held amid rising tensions in the country’s east, underscores the close link between economic progress and national stability. Minister Li-Botayi acknowledged the ongoing security and humanitarian challenges in the East but reiterated the Congolese Government’s commitment to structural reforms. These reforms focus on strengthening fiscal discipline and enhancing transparency in public finances, which… Read More Here
ZESCO Signs Power Purchase Agreements with IPPs to Boost Solar Capacity 4 Mining in Zambia Electricity 

ZESCO Signs Power Purchase Agreements with IPPs to Boost Solar Capacity

Constance
ZESCO, Zambia’s state-owned electricity company, has signed Power Purchase Agreements (PPAs) with 28 Independent Power Producers (IPPs) under the Micro-Generator Scheme and the Presidential Solar Initiative. The agreements will add 270 megawatts (MW) of solar power to the national grid. At the signing ceremony, Energy Minister Hon. Makozo Chikote emphasized the government’s commitment to development, stating, “Under President Hakainde Hichilema’s leadership, we are delivering development, not just talking about it. This initiative will power industries, create jobs, and drive economic growth, showing that the UPND government is serious about transforming… Read More Here
Sino Mine Tailings Dam Collapse Devastates Land and Crops in Chambeshi 5 Mining in Zambia Mining safety 

Sino Mine Tailings Dam Collapse Devastates Land and Crops in Chambeshi

Constance
A major environmental disaster has unfolded in Mwambashi Ward, Chambeshi District in Zambia, after the collapse of the Sino Mine Leach Tailings Dam, which contained acid. The spill has not only contaminated the surrounding land but has also devastated over 200 farmers’ fields, raising concerns about mining-related environmental risks. Anthony Mwape, one of the affected farmers, reported that his four-hectare farm—where he grew maize, onions, and cabbage—was completely destroyed. His crops, which were ready for harvest in March, were lost due to the acid exposure. Area Councillor Bertha Mulenga has… Read More Here
Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project 6 Mining in Zambia Copper New Mining Projects 

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

Constance
Aim-listed Tertiary Minerals has reported significant progress in drilling at its Konkola West copper project in Zambia, with hole KWDD001 now exceeding 2,600 meters in depth. The drill is currently advancing through the Kitwe Formation, which forms the upper part of the Lower Roan Subgroup, a key copper-bearing geological unit in the Zambian Copperbelt. The drill hole is currently in the Shale with Grit unit of the Kitwe Formation, which typically lies 25 m to 225 m above the Ore Shale, the primary copper-hosting layer in the Konkola area. The… Read More Here
Fortescue Secures 90% Stake in Red Hawk Mining, Moves to Full Acquisition 7 International Mergers & Acquisitions News in Brief 

Fortescue Secures 90% Stake in Red Hawk Mining, Moves to Full Acquisition

Constance
ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary, FMG Pilbara, triggering a compulsory acquisition process for the remaining shares. In a market notice issued on Tuesday, Fortescue confirmed that it had initiated compulsory acquisition proceedings for the remaining Red Hawk shares. As a result, the ASX will suspend Red Hawk’s shares on February 25, with delisting to follow at a later date. Red Hawk shareholders who have not yet accepted Fortescue’s A$1.20-per-share offer still have time to do so before the offer… Read More Here
Zambia Suspends 15% Export Tax on Precious Stones to Boost Competitiveness 8 Mining in Zambia Precious Stones 

Zambia Suspends 15% Export Tax on Precious Stones to Boost Competitiveness

Constance
Zambia has suspended its 15% export tax on precious stones and metals in an effort to enhance global competitiveness and attract investment, the Ministry of Finance announced last week. The southern African nation, the world’s second-largest emerald producer after Colombia, had reintroduced the tax in January 2025 after initially suspending it in 2019. “With this suspension, Zambian precious stones and metals will now be priced more competitively on the global market, attracting greater interest from international buyers and leading to higher sales volumes,” the ministry stated. In January, Gemfields, the… Read More Here
DRC Fights Back Against Rwanda’s Mineral Plundering 9 Mining in DRC 

DRC Fights Back Against Rwanda’s Mineral Plundering

Constance
As the Democratic Republic of Congo (DRC) moves to secure its mineral wealth, Rwanda continues to exploit the country’s resources through illegal extraction and exports. The Minister of Mines, Kizito Pakabomba, revealed on Tuesday, February 19, that since 2022, Rwanda has plundered and exported minerals worth approximately $500 million. Alarmingly, projections indicate that Rwanda intends to export over $2 billion worth of minerals by 2026. To counter this, the Congolese government has intensified measures to ensure that its minerals are traceable and recognized as conflict-free on international markets. “We have… Read More Here
DGRAD and CAMI Urge Mining Right Holders to Pay 2025 Royalties Before Deadline 10 Mining in DRC 

DGRAD and CAMI Urge Mining Right Holders to Pay 2025 Royalties Before Deadline

Constance
The General Directorate of Administrative, Judicial, Land, and Participation Revenues (DGRAD) and the General Directorate of the Mining Cadastre (CAMI) have issued a joint notice reminding all holders of mining and quarry rights in the Democratic Republic of Congo to fulfill their royalty payments for the 2025 financial year. According to the notice, payment of the royalty on mining rights is contingent on obtaining debit and collection notes related to annual surface rights per square. These documents are now available at CAMI counters, and all holders must retrieve them to… Read More Here

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