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Category: Economy

Zambia’s ZANAMACA to Mobilise Small-Scale Miners for Compliance, Funding, and Market Access 1 Mining in Zambia Economy 

Zambia’s ZANAMACA to Mobilise Small-Scale Miners for Compliance, Funding, and Market Access

Constance
ZANAMACA Expands to Support Small-Scale Miners, Driving Compliance and Inclusive Growth The Zambia National Marketeers Credit Association (ZANAMACA) has announced plans to mobilise and engage small-scale miners nationwide as part of its strategy to promote compliance, financial literacy, and inclusive economic growth. With a membership of over one million spanning all provinces, ZANAMACA has traditionally focused on empowering youth and women in small and medium-sized enterprises. The association is now expanding its reach to include small-scale miners, aiming to strengthen their role in Zambia’s formal economy. Speaking from ZANAMACA’s headquarters… Read More Here
KCM Applauds Presidential Support for KDMP, Targets 300,000 Tonnes of Copper by 2031 2 Mining in Zambia Copper Corporate News Economy 

KCM Applauds Presidential Support for KDMP, Targets 300,000 Tonnes of Copper by 2031

Constance
Konkola Copper Mines Sets Sights on 300,000-Tonne Annual Output by 2031 with KDMP Boost Konkola Copper Mines (KCM) has welcomed the directive from His Excellency, Republican President Hakainde Hichilema, to maintain and accelerate progress on the Konkola Deep Mining Project (KDMP), with the ambitious goal of achieving an annual copper production capacity of 300,000 tonnes by 2031. President Hichilema made these remarks during his visit to the KCM exhibition stand at the 2025 Agricultural and Commercial Show in Lusaka, held from July 30 to August 4, 2025. He commended KCM’s… Read More Here
ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector 3 Mining in Zambia Economy Gold 

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

Constance
ZCCM-IH Appointed to Overhaul Zambia’s Informal Gold Mining Industry for Sustainable National Growth ZCCM Investments Holdings Plc (ZCCM-IH) announced that it has officially been mandated by the Government of the Republic of Zambia to take the lead in the formalisation, development, and transformation of the gold sector in Zambia. This strategic appointment marks a historic milestone in the country’s mining landscape, paving the way for the creation of a structured, sustainable, and inclusive gold industry that benefits all Zambians. For decades, Zambia’s gold sector has remained largely informal—dominated by small-scale… Read More Here
Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia 4 Mining in Zambia Corporate News Economy Gold 

Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia

Constance
Kansanshi Mine Renews Gold Supply Agreement with Bank of Zambia While Honoring $1 Billion Deal with Royal Gold Kansanshi Mining Plc, a subsidiary of First Quantum Minerals (FQM), has reaffirmed its commitment to strengthening Zambia’s gold reserves by renewing its Memorandum of Understanding (MoU) with the Bank of Zambia (BOZ) for the continued sale of gold dore. This milestone was marked by a formal signing ceremony held today, signaling the continuation of a strategic partnership that dates back to 2020. The renewal comes at a time when Kansanshi is also… Read More Here
Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban 5 Mining in DRC Battery Metals Cobalt Economy 

Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban

Constance
Glencore May Be Unable to Sell Cobalt in 2025 Due to Congo Export Ban Glencore (LON: GLEN), the world’s second-largest cobalt producer, issued a warning on Wednesday that a substantial portion of its cobalt output may remain unsold by the end of 2025, citing ongoing export restrictions in the Democratic Republic of Congo (DRC). The DRC, which produces the majority of the world’s cobalt, imposed a four-month export ban in February 2025 after prices plunged to a nine-year low. In June, the Congolese government extended the ban by an additional… Read More Here
Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs 6 International Copper Economy 

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

Constance
Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here
Jubilee Metals Makes Major Strides in Zambian Copper Expansion 7 Mining in Zambia Copper Corporate News Economy 

Jubilee Metals Makes Major Strides in Zambian Copper Expansion

Constance
Jubilee Metals Reports Strong Copper Growth in Zambia, Eyes 10,000t Boost in 2026 Amid Strategic Asset Expansion Diversified metals producer Jubilee Metals has announced substantial progress across its copper operations in Zambia, marking a critical milestone in its long-term copper expansion strategy. According to CEO Leon Coetzer, all essential assets are now in place to maintain momentum and drive sustainable growth. Jubilee’s Zambian strategy draws on the company’s extensive processing experience from its South African chrome and platinum group metals (PGM) operations, which are currently in the final stages of… Read More Here
South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement 8 Economy International 

South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement

Constance
U.S. Slaps 30% Tariff on South African Exports Amid Collapsed Trade Talks South Africa is set to face a 30% tariff on its exports to the United States starting next week, following the failure to secure a new trade agreement before a deadline imposed by former U.S. President Donald Trump. The tariffs, formalized in an executive order signed on Thursday, apply to dozens of countries, with rates ranging between 10% and 41%. They will take effect within seven days as part of Trump’s broader effort to reshape global trade terms… Read More Here
DRC Projects 5.3% Economic Growth in 2025 Amid Easing Inflation and Structural Reforms 9 Mining in DRC Economy 

DRC Projects 5.3% Economic Growth in 2025 Amid Easing Inflation and Structural Reforms

Constance
DRC Forecasts Slower but Steady Growth at 5.3% in 2025, Inflation Falls Sharply from 2024 Levels The economy of the Democratic Republic of Congo (DRC) is projected to grow by 5.3% in 2025, down from an estimated 6.5% in 2024, according to the latest forecasts released by the Central Bank of Congo (BCC). , While this marks a modest slowdown compared to recent years, the extractive industries continue to play a dominant role as the primary engine of national economic expansion. On the inflation front, the DRC is showing encouraging… Read More Here
Global Gold Market at a Crossroads as Investor Demand Surges 10 Gold Economy International 

Global Gold Market at a Crossroads as Investor Demand Surges

Constance
Gold Demand in 2025 Surges from Investors While Central Banks and Jewelry Sector Pull Back The global gold market is undergoing a major transformation. In the first half of 2025, global demand reached 2,400 tonnes, according to the latest report released by the World Gold Council (WGC) on July 31, 2025. While gold continues to attract attention, the drivers of demand are shifting sharply—investor appetite is growing, while central banks and the jewelry sector are losing momentum. Historically one of the main sources of gold demand, central banks are now… Read More Here

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