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DRC’s Heavy Reliance on Mining Revenues Highlights Urgent Need for Economic Diversification 1 Mining in DRC Economy 

DRC’s Heavy Reliance on Mining Revenues Highlights Urgent Need for Economic Diversification

Constance
Extractive sector generates 60% of DRC state revenue, underscoring risks of overdependence on mining The economy of the Democratic Republic of the Congo remains heavily dependent on the extractive sector, reinforcing calls for broader economic diversification to reduce fiscal vulnerability and support long-term development. In 2023, current and exceptional state revenues totalled more than $9.75 billion, according to a report by the Court of Auditors of the Democratic Republic of the Congo analysing the national accounts for that year. Of this total, approximately $5.85 billion, or about 60%, was generated… Read More Here
Panama Approves Stockpile Processing at Cobre Panamá Mine Under Strict Supervision 2 International Corporate News 

Panama Approves Stockpile Processing at Cobre Panamá Mine Under Strict Supervision

Constance
Panama authorizes First Quantum to process and export stockpiled ore at Cobre Panamá without reopening mine The government of Panama has formally approved a request by Canada’s First Quantum Minerals to remove, process and export stockpiled ore at its shuttered Cobre Panamá mine, one of the world’s largest open-pit copper operations. In separate statements issued on Tuesday, the government and the mining company said the measure is intended to prevent potential environmental risks, protect nearby communities from hazards such as acid rock drainage, and maintain the operational stability of the… Read More Here
Kazchrome Secures Environmental Product Declaration for High-Carbon Ferrochrome 3 International Corporate News 

Kazchrome Secures Environmental Product Declaration for High-Carbon Ferrochrome

Constance
ERG subsidiary Kazchrome awarded international Environmental Product Declaration for high-carbon ferrochrome production A subsidiary of Luxembourg-based Eurasian Resources Group (ERG), Transnational Company Kazchrome Joint Stock Company (Kazchrome), has been awarded an international Environmental Product Declaration (EPD) for its high-carbon ferrochrome, marking a significant milestone in the company’s sustainability and transparency efforts. Kazchrome, one of the world’s largest ferroalloy producers, is headquartered in Kazakhstan and plays a key role in the global supply of chromium-based alloys used in stainless steel manufacturing. High-carbon ferrochrome is a critical ferroalloy used primarily in stainless… Read More Here
BRICS Plus Nations Expand Gold Reserves as Central Banks Accelerate Shift Away from Dollar 4 Gold Economy International 

BRICS Plus Nations Expand Gold Reserves as Central Banks Accelerate Shift Away from Dollar

Constance
BRICS Plus gold reserves surpass 6,000 tonnes as central banks boost purchases and dollar share declines Members of the BRICS Plus trade bloc now hold more than 6,000 tonnes (t) of gold, representing about 17.4% of total global central bank reserves, up from 11.2% in 2019, according to a market note by financial services group EBC Financial Group. Russia leads the bloc with 2,336 t of gold reserves, followed closely by China with 2,298 t, while India holds 880 t. Together, Russia and China account for roughly 74% of the… Read More Here
Technical Bulletin 95: Corrective action: unlocking the true value of oil analysis programmes 5 International Corporate News Sponsored Content 

Technical Bulletin 95: Corrective action: unlocking the true value of oil analysis programmes

Constance
Organisations that invest in oil analysis expect returns on their investment that include improved reliability, reduced downtime and measurable cost savings. However, these outcomes are not guaranteed. Condition monitoring specialist company, WearCheck, asserts that the real value of oil analysis lies not only in identifying problems, but in how effectively organisations respond to them. In WearCheck Technical Bulletin 95, author Shesby Chabay, head of operations at WearCheck Zimbabwe, investigates the reasons behind organisations’ inability to attain cost savings and discusses how to optimise operational cost savings by being responsive to… Read More Here
Panama Moves to Authorize Removal of Stockpiled Ore at Cobre Panama Mine 6 International 

Panama Moves to Authorize Removal of Stockpiled Ore at Cobre Panama Mine

Constance
Panama Prepares to Approve Ore Exports from First Quantum’s Cobre Panama Mine, Unlocking Jobs and Potential Copper Revenue Panama is preparing to authorize the removal and processing of stockpiled ore at First Quantum’s shuttered Cobre Panama copper mine, marking a significant step in managing the idled operation and mitigating long-term environmental and financial risks. Commerce and Industries Minister Julio Moltó said the government expects to issue a formal resolution by Tuesday at the latest, allowing the company to extract and export material that was mined and stored on site before… Read More Here
U.S. Backs Lobito Corridor Concession as Strategic Project in Partnership with DRC 7 Mining in DRC Transport and Logistics 

U.S. Backs Lobito Corridor Concession as Strategic Project in Partnership with DRC

Constance
United States Prioritizes Mota-Engil Concession for DR Congo’s Lobito Corridor to Strengthen Critical Minerals Supply Chains The United States has identified the awarding of the concession for the Congolese segment of the Lobito Corridor to Mota-Engil as a priority initiative under its strategic partnership with the Democratic Republic of the Congo (DRC), signed on December 4, 2025. Speaking at the Powering Africa Summit in Washington, D.C. on March 19, 2026, Nick Checker, a senior official in the U.S. State Department’s Bureau of African Affairs, described the concession award as one… Read More Here
DRC Govt Moves to Strengthen Gold Sector Governance and Combat Smuggling 8 Mining in DRC Gold 

DRC Govt Moves to Strengthen Gold Sector Governance and Combat Smuggling

Constance
Prime Minister Judith Suminwa Launches Reforms to Improve Gold Traceability, Boost Revenue, and Fight Illegal Trade in the Democratic Republic of Congo The Prime Minister of the Democratic Republic of the Congo, Judith Suminwa Tuluka, has reaffirmed the government’s commitment to strengthening the national strategy for monitoring and securing the flow of gold across the country. She made these remarks during the Council of Ministers meeting held on Friday, April 3, 2026. This initiative follows concerns previously raised by the President of the Republic during the 79th Council of Ministers… Read More Here
Jubilee Updates Molefe Mine Plan to Boost Copper Production and Efficiency in Zambia 9 Mining in Zambia Copper Corporate News 

Jubilee Updates Molefe Mine Plan to Boost Copper Production and Efficiency in Zambia

Constance
Jubilee Optimizes Molefe Mine Plan to Deliver Stable Copper Output and Accelerate Growth in Zambia Zambia-focused integrated copper producer and resource developer Jubilee has announced an updated near-term mine plan at its Molefe mine, following encouraging results from the Phase 1 drilling and trenching programme. “This marks another important milestone in Jubilee’s transition toward becoming a resource-backed copper producer. The implementation of a structured mine plan at Molefe provides a clear pathway to sustainable and scalable production,” said Jubilee CEO Leon Coetzer. Operations at Molefe continue to perform well and… Read More Here
Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval 10 Mining in DRC Cobalt Copper Corporate News 

Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval

Constance
US Firm Virtus Minerals Secures Regulatory Approval to Restart Chemaf Mines, Boosting DRC’s Cobalt and Copper Production US-based Virtus Minerals announced it is moving to restart the Chemaf cobalt and copper mines in the Democratic Republic of Congo (DRC) after securing full regulatory approval. This marks the first acquisition of operating mines under the US–Congo minerals partnership, following a series of offtake agreements. Virtus stated that its immediate focus will be on inventory verification, technical and operational assessments, and restart planning across Chemaf’s asset portfolio, with timelines dependent on the… Read More Here

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