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Zambia Pins Economic Revival Hopes on Mining Sector Amid Drought Challenges 1 Mining in Zambia Copper Economy 

Zambia Pins Economic Revival Hopes on Mining Sector Amid Drought Challenges

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Zambia is looking to the mining sector for an economic recovery after facing a sharp slowdown in growth due to the worst drought in living memory, according to Finance Minister Situmbeko Musokotwane. Speaking at an event discussing the economic outlook, Musokotwane highlighted that new mines were set to open soon, and existing mines were reinvesting to boost production. “If all goes according to plan, 2025 should mark the start of this revival, and it will strengthen year after year,” he said. The government estimates that copper production in 2023 exceeded… Read More Here
Barrick Gold Supports Pakistan-Saudi Deal for Stake in Reko Diq Mining Project 2 International Corporate News Gold New Mining Projects 

Barrick Gold Supports Pakistan-Saudi Deal for Stake in Reko Diq Mining Project

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Pakistan is still in negotiations with Saudi Arabia over the sale of a minority stake in the Reko Diq copper and gold mining project, controlled by Barrick Gold. Key details, including where the minerals will be processed, remain under discussion. The Pakistani government hopes the agreement will extend beyond exploration to involve some downstream activities within the country, according to Musadik Malik, Pakistan’s petroleum minister. Earlier, the Saudi government announced plans to acquire Pakistan’s minority stake in the Reko Diq project through Manara Minerals Investment Co., a Saudi firm backed… Read More Here
Chile Launches $3-$4 Million Initiative to Extract Cobalt and Rare Earths from Mining Waste 3 International Battery Metals Cobalt 

Chile Launches $3-$4 Million Initiative to Extract Cobalt and Rare Earths from Mining Waste

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SANTIAGO – Chile’s development agency, Corfo, has launched a call for studies focused on extracting cobalt and rare earths from mining waste, offering $3 million to $4 million per project for a three-year period. This initiative is part of Chile’s strategy to tap into its nearly 800 tailings deposits across the country. Mining companies are increasingly looking for ways to extract valuable metals from these waste deposits, especially as global demand for metals like cobalt and copper surges with the energy transition. “These are strategic minerals, particularly cobalt and rare… Read More Here
Glencore Explores Strategic M&A Opportunities Amid Industry Challenges 4 International Corporate News Mergers & Acquisitions 

Glencore Explores Strategic M&A Opportunities Amid Industry Challenges

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LONDON – Mining and commodity trading giant Glencore has reaffirmed its openness to mergers and acquisitions (M&A) that enhance shareholder value, leveraging its position as one of the world’s top three copper producers. “As we have always said, M&A is something we are good at, and we are always open to transactions that are value-accretive for the company,” a Glencore spokesperson stated. In 2024, potential M&A activity dominated investor discussions within the mining sector. However, the challenges of integrating diversified producers were highlighted when BHP’s $49-billion bid for Anglo American… Read More Here
SADC Ministers Convene in Lobito to Discuss Agency's Organizational Framework 5 Transport and Logistics News in Brief 

SADC Ministers Convene in Lobito to Discuss Agency’s Organizational Framework

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Members of the Committee of Ministers from the Southern African Development Community (SADC) are meeting today in Benguela to deliberate on the organizational structure of the Agency. This marks the second meeting of the group, held in the rail-port city of Lobito. The discussions aim to refine the framework and operations of the Agency, aligning it with SADC’s goals of regional cooperation and sustainable development. Lobito, renowned for its strategic position and infrastructure connecting inland regions to international markets, serves as a fitting venue for this important gathering. This meeting… Read More Here
DRC Minister of Mines to Lead Delegation at Mining Indaba 2025 6 Mining in DRC Events & Expos Mining Personality 

DRC Minister of Mines to Lead Delegation at Mining Indaba 2025

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The 2025 Investing in African Mining Indaba welcomes a distinguished delegation from the Democratic Republic of the Congo (DRC), led by H.E. Kizito Pakabomba Kapinga Mulume, Minister of Mines, and Hon. Louis Watum, Minister of Industry and the Development of Small and Medium-Sized Enterprises. Kizito Pakabomba brings over 20 years of international expertise in the oil and energy sectors, having worked with the TOTAL Group across Africa, Europe, and Asia. In 2017, he founded TWYK, a company specializing in upstream strategy and monitoring, business development, public affairs and lobbying, strategic… Read More Here
Reko Diq Copper and Gold Project to Boost Pakistan’s Economy with $74 Billion in Cash Flow 7 International Copper Gold New Mining Projects 

Reko Diq Copper and Gold Project to Boost Pakistan’s Economy with $74 Billion in Cash Flow

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The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74 billion in free cash flow over the next 37 years, according to Barrick Gold CEO Mark Bristow. The project, which Barrick co-owns with the governments of Pakistan and Balochistan, is considered one of the world’s largest underdeveloped copper-gold deposits, and its development is expected to have a significant positive impact on Pakistan’s struggling economy. Barrick holds a 50% stake in the mine, with the remaining ownership split between the federal and provincial governments of Pakistan.… Read More Here
Six Killed in Landslide at Artisanal Mine in DRC's Bas-Uele Province 8 Mining in DRC Artisanal mining 

Six Killed in Landslide at Artisanal Mine in DRC’s Bas-Uele Province

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A tragic landslide at an artisanal mine in the Bondo territory of Bas-Uele province, Democratic Republic of Congo (DRC), claimed the lives of six people on the night of January 11 to 12. The incident was reported by the provincial Minister of Mines, Modeste Midikilo, to local press over the weekend. The landslide occurred at the Don de Dieu/Ngbede mining site. Minister Midikilo confirmed that investigations would be launched into the incident. To prevent future tragedies, Minister Midikilo urged artisanal miners to adhere to safety standards and emphasized the need… Read More Here
Haut-Uele Governor Suspends Chinese Mining Activities Over Violations 9 Mining in DRC 

Haut-Uele Governor Suspends Chinese Mining Activities Over Violations

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The Governor of Haut-Uele province has ordered the suspension of mining activities by Chinese operators in the region following a mission to Watsa. The suspension stems from several factors, including illegal exploitation and environmental damage caused by these foreign miners. The provincial authorities noted that the Chinese operators were not only exploiting resources under the guise of Congolese mining cooperatives but also engaging in semi-industrial activities using heavy machinery, in violation of mining laws. Jean Bakomito, the provincial authority, expressed concern that while the Congolese request permits for artisanal mining,… Read More Here
USA Invests $2 Million to Promote Responsible Artisanal Mining in DRC 10 Cobalt Copper Mining in DRC 

USA Invests $2 Million to Promote Responsible Artisanal Mining in DRC

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The United States has announced a $2 million investment aimed at supporting responsible artisanal copper and cobalt mining in the Democratic Republic of Congo (DRC). The U.S. government’s initiative, detailed in a press release by the United States Agency for International Development (USAID) on January 16, seeks to promote ethical mining practices of these essential metals, which play a crucial role in the global energy transition. The U.S. commitment aligns with the Congolese government’s efforts to reform the artisanal mining sector. USAID funding will support the state-owned company EGC in… Read More Here

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