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Gold Discovery Confirmed in Zambia’s Nakonde District 1 Mining in Zambia Gold 

Gold Discovery Confirmed in Zambia’s Nakonde District

Constance
Zambia Confirms New Gold Discovery in Nakonde District Following Mpika and Shiwan’andu Finds Nakonde District has become the third area in Zambia to record a newly confirmed mineral discovery, following similar announcements in Mpika and Shiwan’andu districts. The latest find involves the identification of gold-bearing material during ongoing exploration activities in the region. According to available information, the deposit is considered significant enough to merit commercial interest and has been classified as a new gold mine. However, authorities have not disclosed estimates regarding the size of the deposit or the… Read More Here
US Firm Virtus Minerals to Acquire Chemaf as Washington Strengthens Critical Minerals Strategy in the DRC 2 Mining in DRC Cobalt Copper Mergers & Acquisitions 

US Firm Virtus Minerals to Acquire Chemaf as Washington Strengthens Critical Minerals Strategy in the DRC

Constance
US-Backed Firm Virtus Minerals Moves to Acquire Congolese Copper and Cobalt Producer Chemaf A US-based company led by former military and intelligence officials has agreed to acquire Chemaf SA, a financially distressed Congolese copper and cobalt producer that has become central to Washington’s strategy to secure critical mineral supply chains. Virtus Minerals Inc. has reached an agreement to purchase Chemaf for an undisclosed amount and to assume all of the company’s liabilities, including significant debt. The transaction is expected to be accompanied by capital investments totaling up to US$750 million,… Read More Here
President Hichilema to Pitch Zambia as Top Mining Investment Destination at Mining Indaba 2026 3 Mining in Zambia Events & Expos 

President Hichilema to Pitch Zambia as Top Mining Investment Destination at Mining Indaba 2026

Constance
Zambia Seeks New Mining Investment and Jobs as President Hichilema Addresses Mining Indaba President Hakainde Hichilema will deliver the keynote address at Mining Indaba 2026 in Cape Town, Africa’s largest mining investment conference, as Zambia intensifies efforts to attract new capital into its mining sector and create jobs for its citizens. The President’s message at the forum is clear: increased mining investment is central to job creation and economic growth in Zambia. Beyond employment at mine sites, new investments generate opportunities across supply chains, transport services and surrounding communities, while… Read More Here
DRC–UAE Agreement Sets Framework for Investment and Mining 4 Mining in DRC 

DRC–UAE Agreement Sets Framework for Investment and Mining

Constance
DRC and UAE Target $10 Billion in Investment With Trade, Port and Mining Partnership Presented as the outcome of a shared vision centered on local value creation, economic transformation and balanced partnerships, the cooperation agreement between the Democratic Republic of Congo (DRC) and the United Arab Emirates is built on three core pillars: trade and investment, infrastructure development, and mining and diplomatic cooperation. Expanded Market Access and Investment Ambitions Under the trade and investment pillar, the agreement provides for expanded access to the Emirati market for nearly 6,000 Congolese products,… Read More Here
Kobold Exploration Files New Permit Applications as DRC Mining Cadastre Reopens 5 Mining in DRC Corporate News Exploration New Mining Projects 

Kobold Exploration Files New Permit Applications as DRC Mining Cadastre Reopens

Constance
Kobold Exploration Submits New Mining Permit Requests Following CAMI Reopening in DRC One day after the reopening of its application counter on February 3, 2026, the Mining Cadastre (CAMI) received five new applications for exploration permits from Kobold Exploration DRC SA. The filings mark a new step in the implementation of the agreement signed on July 18, 2025, between the company and the government of the Democratic Republic of Congo (DRC). CAMI confirmed that the applications are part of the ongoing partnership framework. On this occasion, Kobold Exploration DRC SA’s… Read More Here
DRC Showcases Mining Reforms and Investment Opportunities at Mining Indaba 2026 6 Mining in DRC Events & Expos 

DRC Showcases Mining Reforms and Investment Opportunities at Mining Indaba 2026

Constance
DRC Seeks Responsible Mining Investment at African Mining Indaba 2026 in Cape Town The 32nd African Mining Indaba takes place from February 9 to 12, 2026, in Cape Town, South Africa, bringing together governments, mining companies, investors and technical partners to address key challenges facing the global extractive industry. The Democratic Republic of Congo (DRC) is participating with a high-level delegation led by Minister of Mines Louis Watum Kabamba. According to the Ministry of Mines, the objective is to reinforce the country’s position on the international mining stage and attract… Read More Here
Tshisekedi Meets EXIM Bank to Advance US–DRC Critical Minerals Partnership 7 Mining in DRC 

Tshisekedi Meets EXIM Bank to Advance US–DRC Critical Minerals Partnership

Constance
DRC and US Deepen Talks on Critical Minerals, Local Processing and Strategic Infrastructure President Félix-Antoine Tshisekedi held a high-level meeting in Washington, DC, on Wednesday, February 4, 2026, with John Jovanovic, President of the Export-Import Bank of the United States (EXIM Bank), as part of efforts to strengthen the strategic partnership between the Democratic Republic of Congo (DRC) and the United States. The meeting was attended by Conor Coleman of the U.S. International Development Finance Corporation (DFC) and George Kollitides from the U.S. Department of Defense’s Economic Security and Industrial… Read More Here
French Public Opinion Turns Sharply Against Rwanda in DRC Conflict 8 Regional conflict Mining in DRC 

French Public Opinion Turns Sharply Against Rwanda in DRC Conflict

Constance
Norstat Poll Reveals Strong French Support for Sanctions on Rwanda Over DRC Conflict A Norstat poll conducted on January 30–31, 2026, with a representative sample of 1,000 French citizens, reveals a major shift in public opinion regarding the conflict between Rwanda and the Democratic Republic of Congo (DRC). French attitudes have moved from passive or simplified perspectives to a structured and reasoned condemnation grounded in international law, human realities, and global economic responsibility. Rwanda Under Strong Public Scrutiny The survey shows overwhelming disapproval of Rwanda’s actions: 98% of respondents believe… Read More Here
Letšeng Diamond Mine Reports 36% Revenue Drop in 2025 9 International Corporate News Diamond 

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

Constance
Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the average price per carat, which fell from $1,390 in 2024 to $1,105 in 2025. Exceptional… Read More Here
DRC Emerges as Strategic Leader in Global Critical Minerals 10 Mining in DRC Battery Metals 

DRC Emerges as Strategic Leader in Global Critical Minerals

Constance
The Democratic Republic of Congo Strengthens Global Role in Critical Minerals and Green Economy In Washington D.C., the Democratic Republic of Congo (DRC) confirmed its position as a strategic player in the global critical minerals sector during the first Ministerial Meeting on these resources, held on February 4, 2026. The event, organized by the United States, brought together delegations from over 50 countries. Minister of Mines Louis Watum Kabamba represented Kinshasa, speaking on behalf of President Félix Antoine Tshisekedi Tshilombo and Prime Minister Judith Suminwa. Minister Watum highlighted the shift… Read More Here

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