Economy - Copperbelt Katanga Mining

FQM Contributes $3.46 Billion to Zambia’s Economy in 2025

May 25, 2026May 25, 2026 Constance0 comment

First Quantum Minerals Reports $3.46 Billion Economic Contribution to Zambia Through Taxes, Jobs and Procurement in 2025 Canadian mining company First Quantum Minerals has reported a total economic contribution of approximately $3.46 billion to Zambia in 2025, according to its latest Tax Transparency and Economic Contributions Report. The report highlights the company’s significant role in the Zambian economy through taxation, employment, procurement, and community investment activities across its mining operations. During the year, First Quantum Minerals employed more than 12,000 people in Zambia and engaged over 11,500 contractors, while also… Read More Here

Mining in DRC Economy Governance

ARSP Pushes Mining Companies in Haut-Katanga to Prioritise Local Content and Job Creation

May 25, 2026May 25, 2026 Constance0 comment

DR Congo’s ARSP Intensifies Mining Sector Compliance Drive to Boost Local Content and Employment The Subcontracting Regulatory Authority in the Private Sector (ARSP) has intensified its compliance monitoring operations in Haut-Katanga Province as part of ongoing efforts to strengthen local participation in the Democratic Republic of Congo’s mining sector. During the mission, ARSP Director General Miguel Kashal visited several mining companies, including STL (Société du Terril de Lubumbashi), CDM, and MMG, as well as the facilities of various subcontracting firms operating in the region. According to ARSP, the inspections focused… Read More Here

Mining in DRC Artisanal mining Economy Gold

DRC Losing $7.5 Billion Annually to Illegal Artisanal Gold Exports

May 25, 2026May 25, 2026 Constance0 comment

DR Congo Faces Massive Gold Smuggling Crisis as Illegal Exports Drain Billions from Economy The Democratic Republic of Congo (DRC) continues to suffer massive financial losses from the illegal export of artisanal gold, with authorities estimating that nearly 50 tonnes of gold are smuggled out of the country each year. According to DRC Gold Trading SA, the illicit trade is costing the national economy an estimated US$7.5 billion annually. The figures were revealed by the company’s Director General, Joseph M. Kazibaziba, in a video shared on the company’s X account,… Read More Here

International Economy

Zimbabwe’s Mining Sector Set for Major Job Boom Amid Rising Global Mineral Demand

May 25, 2026May 25, 2026 Constance0 comment

Zimbabwe Mining Industry Expected to Create 100,000 Jobs as Lithium and Gold Investments Surge Zimbabwe’s mining industry is preparing for one of its largest recruitment drives in recent years, with the sector expected to create up to 100,000 new jobs over the next five years as investment flows into gold, lithium, platinum, and chrome projects. The expansion comes amid rising global demand for strategic minerals used in electric vehicles, energy storage systems, and industrial manufacturing, positioning Zimbabwe as a key player in the global resource market. According to The Herald,… Read More Here

Mining in DRC Economy

Equity Group Posts 24% Profit Growth as Regional Subsidiaries Become Core Earnings Driver

May 23, 2026May 23, 2026 Constance0 comment

Equity Group Holdings Q1 2026 Profit Rises 24% as African Subsidiaries Contribute Majority of Earnings Equity Group Holdings posted a 24% increase in profit after tax to KSh 19.1 billion (approximately CDF 556.4 billion) for the first quarter of 2026. The performance was driven largely by strong growth across its regional subsidiaries outside Kenya, marking a structural shift in the Group’s earnings base. The Nairobi-listed banking group, which operates in six African countries, also recorded a 16% expansion in its balance sheet to KSh 2.04 trillion (CDF 59.4 trillion). Growth… Read More Here

Mining in Zambia Economy Gold

ZCCM-IH Forms Gold Development Joint Venture for Kikonge Project in Zambia

May 23, 2026May 23, 2026 Constance0 comment

ZCCM-IH Launches Kyalo Goldfields JV to Develop Kikonge Gold Project and Expand Zambia’s Gold Value Chain ZCCM Investments Holdings Plc (“ZCCM Investments Holdings Plc”) has announced a major step forward in its gold sector expansion strategy following the incorporation of a new special purpose vehicle, Kyalo Goldfields Limited (“KGL”), to develop the Kikonge gold project in Zambia’s North Western Province. The announcement follows a memorandum of understanding signed on 19 December 2025 between ZCCM-IH, the Ministry of Mines and Mineral Development (“MOMMD”), and Mining Mineral Resources SAS (“MMR”) for the… Read More Here

Mining in DRC Copper Economy

Kibara Minerals to Export 9 Tonnes of Copper from DRC’s Tshopo Province to Hong Kong

May 20, 2026May 20, 2026 Constance0 comment

DRC’s Kibara Minerals Plans Export of 9 Tonnes of Copper from Tshopo to Hong Kong Nine tonnes of copper produced in Lubutu, located in the Tshopo Province of the Democratic Republic of Congo (DRC), are set to be exported to Hong Kong following completion of legal and tax procedures, according to a statement attributed to mining company Kibara Minerals. Company representative Johnny Makundo said the shipment will proceed once all regulatory requirements are fulfilled, including payment of duties to the provincial treasury. “We plan to export nine tonnes of copper… Read More Here

International Copper Corporate News Economy

FQM Highlights $3.5 Billion Economic Loss From Cobre Panamá Suspension

May 20, 2026May 20, 2026 Constance0 comment

Cobre Panamá Mine Closure Costs Panama Billions, First Quantum Says First Quantum Minerals (TSX: FM) says the suspension of its Cobre Panamá copper mine has cost Panama an estimated $3.5 billion in lost economic contribution over the past two years, highlighting the growing financial impact of the prolonged shutdown. In its 2025 Tax Transparency and Economic Contributions Report, the Canadian mining company said it contributed $4.1 billion across its operating jurisdictions last year, bringing its total direct economic contribution to governments over the past eight years to $9.6 billion. Zambia… Read More Here

Mining in DRC Battery Metals Cobalt Economy

MMG Calls for Clarity on DRC’s Cobalt Export Quotas After Receiving Low Allocation

May 17, 2026May 17, 2026 Constance0 comment

MMG Seeks Policy Transparency as Congo Tightens Control Over Cobalt Exports China’s MMG Limited is seeking greater clarity on the Democratic Republic of Congo’s cobalt export policy after receiving what it described as a disappointing production quota, raising broader concerns about how the country’s new restrictions are being implemented. The Democratic Republic of Congo (DRC), the world’s leading producer of cobalt a critical mineral used in electric vehicle batteries first suspended cobalt exports in February 2025 to reduce global oversupply and increase the value derived from its mineral resources. In… Read More Here

Mining in DRC Economy News in Brief

DRC Reports Over 1,000 kg of Germanium Hydroxide Output in 2025 Amid Highly Volatile Production

May 15, 2026May 15, 2026 Constance0 comment

DRC germanium hydroxide production reaches 1,068 kg in 2025 with sharp volatility and export volumes The Democratic Republic of Congo (DRC) produced 1,068.07 kilograms of germanium hydroxide in 2025, according to data from the Technical Unit for Mining Coordination and Planning (CTCPM) under the Ministry of Mines. During the same period, the country exported 1,079.87 kilograms of the material, indicating that nearly all recorded production was shipped abroad. The CTCPM notes that germanium hydroxide production in 2025 was highly unstable, following a pronounced “sawtooth” pattern marked by sharp fluctuations. The… Read More Here