Economy - Copperbelt Katanga Mining

Tin Prices Surge as DRC Mineral Export Forecasts Signal Mixed Market Performance 1

DRC Tin Prices Expected to Jump Above $53,000 per Tonne as Copper, Gold and Nickel Continue to Decline Tin is projected to record one of the strongest gains among the Democratic Republic of Congo’s (DRC) key mineral exports during the week of June 1–6, 2026, according to the latest mineral export price forecasts released by the Congolese government. The official price list indicates that tin is expected to rise to USD 53,440 per tonne, up from USD 50,223 per tonne the previous week. The increase of USD 3,217 per tonne… Read More Here

Mining in Zambia Copper Corporate News Economy

Vedanta Targets New York IPO to Fund Expansion of Zambia’s Konkola Copper Mines

June 4, 2026June 4, 2026 Constance0 comment

Vedanta Plans New York Listing to Finance Multi-Billion-Dollar Expansion of Zambia Copper Operations Vedanta Resources, led by billionaire Anil Agarwal, is seeking to raise fresh capital for its Zambian copper operations through a planned listing in New York, as the mining group accelerates efforts to expand production at one of Africa’s most strategically important copper assets. The proposed initial public offering comes less than two years after Vedanta regained control of Konkola Copper Mines (KCM) following a prolonged dispute with the Zambian government. The company has since committed to investing… Read More Here

Mining in Zambia Copper Economy

Zambia Extends Copper Export Duty Suspension as Smelter Constraints Reshape Industry Power Balance

June 4, 2026June 4, 2026 Constance0 comment

Zambia Extends Copper Export Duty Waiver to September as Chinese and Middle Eastern Miners Secure Major Quotas Zambia has extended the suspension of its 10% export duty on copper concentrates until September 30, in a move designed to ease pressure on mining operations affected by rising stockpiles and reduced smelting capacity across the country’s processing infrastructure. The extension comes as several major smelters undergo prolonged maintenance and repair programmes, temporarily constraining the country’s ability to process copper concentrates into refined cathodes. The resulting bottlenecks have led to increased concentrate inventories… Read More Here

Mining in Zambia Copper Corporate News Economy

KCM Launches Strategic Nchanga Smelter Upgrade to Accelerate Copper Production Growth

June 2, 2026June 2, 2026 Constance0 comment

KCM Begins 60-Day Nchanga Smelter Shutdown as Part of Ambitious Expansion and Modernization Plan Vedanta Resources-owned Konkola Copper Mines (KCM) has commenced a planned 60-day shutdown of its Nchanga Smelter in Zambia to undertake critical maintenance, and refurbishment works aimed at improving operational performance and supporting future production growth. The company announced that the shutdown, which began this month, forms part of a broader modernization strategy designed to enhance efficiency, reliability, and long-term sustainability across its operations. KCM produced 80,215 tonnes of copper in 2025, according to data from Zambia’s… Read More Here

Mining in Zambia Copper Corporate News Economy Taxes

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 Constance

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 Constance

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