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Category: Economy

Copper Climbs Above US$14,700 as Cobalt Extends Gains on Global Markets 1 Mining in DRC Cobalt Copper Economy 

Copper Climbs Above US$14,700 as Cobalt Extends Gains on Global Markets

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DRC Copper Prices Rise to US$14,705/Tonne While Cobalt Continues Upward Trend Prices for key mineral exports from the Democratic Republic of Congo (DRC) continued to strengthen on international markets during the week of October 19 to 24, 2026, with both copper and cobalt recording gains amid sustained demand for energy-transition minerals. According to the latest official mineral commodity price schedules, copper rose from US$14,425.60 per tonne to US$14,705.35 per tonne, while cobalt increased from US$38,507 per tonne to US$38,596 per tonne. Copper recorded one of the strongest performances among the… Read More Here
FQM’s Kansanshi Expansion Boosts Zambia’s Copper Ambitions as Ore Throughput Tops 27 Million Tonnes 2 Mining in Zambia Copper Corporate News Economy 

FQM’s Kansanshi Expansion Boosts Zambia’s Copper Ambitions as Ore Throughput Tops 27 Million Tonnes

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FQM’s Kansanshi Mine Set to Process 27 Million Tonnes of Ore in 2026 as S3 Expansion Strengthens Zambia’s Copper Growth Strategy First Quantum Minerals’ (FQM) Kansanshi Mine is expected to process approximately 27 million tonnes of ore in 2026, exceeding its annual design throughput capacity of 25 million tonnes following the successful ramp-up of its US$1.2 billion S3 Expansion Project. The achievement represents a significant milestone for both Kansanshi and Zambia’s mining industry, demonstrating the impact of one of the country’s largest recent mining investments at a time when the… Read More Here
Zambia Strengthens Local Content Drive Through Mining Procurement Partnership 3 Mining in Zambia Economy 

Zambia Strengthens Local Content Drive Through Mining Procurement Partnership

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ZIPS Signs MoU with Mine Suppliers to Boost Zambian Businesses Under Local Content Rules The Zambia Institute of Procurement and Supply (ZIPS) has signed a memorandum of understanding (MoU) with mining suppliers and contractors to strengthen local content implementation and increase the participation of Zambian businesses in the mining sector. The agreement, involving the Association of Mine Suppliers and Contractors of Zambia and the National Union of Mine Suppliers and Contractors (NUMISCO), seeks to improve supplier capacity, promote professional procurement practices and expand access to mining procurement opportunities for local… Read More Here
Copper and Cobalt Prices Rise on International Markets in the DRC 4 Mining in DRC Cobalt Copper Economy 

Copper and Cobalt Prices Rise on International Markets in the DRC

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DRC Copper Price Climbs 1.93% to US$14,705 per Tonne as Cobalt Gains 0.23% Copper and cobalt prices recorded increases on international markets during the week of October 19–24, 2026, providing a positive development for the Democratic Republic of Congo (DRC), one of the world’s leading producers of both metals. According to price schedules published by the DRC Ministry of Foreign Trade, the price of copper rose by 1.93% to US$14,705.35 per tonne on October 19, compared with US$14,425.60 the previous week. Cobalt prices also increased, gaining 0.23% to US$38,596 per… Read More Here
DRC and Zambia Seek Stronger Regional Mining Cooperation and Local Value Addition 5 Mining in DRC Economy Events & Expos Mining in Zambia 

DRC and Zambia Seek Stronger Regional Mining Cooperation and Local Value Addition

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DRC Reaffirms Mining Partnership with Zambia to Boost Mineral Processing and Regional Industrialisation The Democratic Republic of Congo (DRC) has reaffirmed its commitment to strengthening mining cooperation with Zambia, with a focus on local mineral processing, regional value chains and increased economic benefits for communities. DRC Minister of Mines Louis Watum Kabamba reiterated the country’s position on October 19, 2026, when he represented President Félix-Antoine Tshisekedi Tshilombo at the opening of the Zambia Mining and Investment Insaka (ZAMII) 2026 in Lusaka. Held at the Mulungushi International Conference Centre, the event… Read More Here
Zambia Allocates 89 Mining Tenements to Cooperatives at Kikonge Gold Mine 6 Mining in Zambia Economy Gold 

Zambia Allocates 89 Mining Tenements to Cooperatives at Kikonge Gold Mine

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Zambia Allocates 89 Gold Mining Tenements at Kikonge to Boost Local Participation The Ministry of Mines and Minerals Development has completed the allocation of 89 mining tenements to cooperatives at Kikonge Gold Mine in Mufumbwe District, in a move aimed at increasing local participation in gold mining and creating economic opportunities for surrounding communities. Minerals Regulation Commission Directorate of Mining and Non-Mining Rights Licensing Manager for Surveying Mulolwa Mulolwa said the next stage would involve issuing standard operating procedures to guide the cooperatives, alongside identification cards for their members. He… Read More Here
Zambia Targets 250,000 Mining-Related Jobs Through Landmark World Bank Minerals Compact 7 Mining in Zambia Economy 

Zambia Targets 250,000 Mining-Related Jobs Through Landmark World Bank Minerals Compact

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Zambia Aims to Create 250,000 Mining-Related Jobs by 2031 Under World Bank-Backed Minerals Compact Zambia is aiming to create 250,000 direct and indirect mining-related jobs by 2031 under a new partnership with the World Bank Group designed to accelerate investment, expand mineral value addition and transform the country’s mining sector into a driver of broader economic growth. The employment target forms part of Zambia’s newly launched Metals and Minerals Country Compact, a 10-year framework covering the period from 2026 to 2036. The initiative seeks to unlock the country’s mineral potential… Read More Here
ZCCM-IH Eyes Copper Trading Expansion to Capture More Value from Zambia’s Mineral Wealth 8 Mining in Zambia Copper Economy Investment News 

ZCCM-IH Eyes Copper Trading Expansion to Capture More Value from Zambia’s Mineral Wealth

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ZCCM-IH Plans Entry Into Copper Trading as Zambia Seeks Greater Returns from Growing Copper Production ZCCM Investments Holdings Plc (ZCCM-IH) is exploring a strategic move into copper trading as part of a broader effort to increase Zambia’s participation in the mineral value chain and capture a larger share of revenues generated by the country’s copper industry. Speaking at the Financial Times Metals and Mining Summit in London, Phesto Musonda, Chairperson of ZCCM-IH, outlined the company’s ambition to move beyond its traditional role as an investor in mining assets and become… Read More Here
Zambia Joins Regional Alliance to Accelerate Mining Investment and Mineral Value Addition 9 Mining in Zambia Economy Investment News 

Zambia Joins Regional Alliance to Accelerate Mining Investment and Mineral Value Addition

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Zambia Partners with Seven African Countries to Strengthen Mining Investment, Beneficiation and Regional Value Chains Zambia has joined a coalition of seven African nations in a new initiative aimed at attracting mining investment, advancing mineral beneficiation and strengthening regional value chains across the continent. The partnership reflects a growing recognition among African resource-producing countries that greater collaboration is needed to maximise the economic benefits of the continent’s vast mineral wealth. Rather than exporting raw minerals, participating countries are seeking to promote local processing, manufacturing and industrial development that can create… Read More Here
Five Congolese Cities Selected for Strategic MSME Study Linked to Lobito Corridor 10 Mining in DRC Economy Transport and Logistics 

Five Congolese Cities Selected for Strategic MSME Study Linked to Lobito Corridor

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Target SARL Begins Comprehensive SME Ecosystem Study Across Key Cities in the Lobito Corridor A major study aimed at strengthening the business environment for small and medium-sized enterprises along the rapidly developing Lobito Corridor has been launched in the Democratic Republic of Congo, as stakeholders seek to maximize the economic opportunities created by one of Africa’s most important infrastructure and trade routes. Research and consulting firm Target SARL, represented by Project Manager Saleh Sikofu, officially launched the prospective study in Lubumbashi on October 15, 2026.  The initiative will focus on… Read More Here

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