Economy - Copperbelt Katanga Mining

FQM Sets Ambitious Goal for Zambia’s Copper Production by 2032

October 13, 2025October 13, 2025 Constance

Zambia’s Copper Industry Targets 3 Million Tonnes by 2032 with Focus on Sustainability and Community Development First Quantum Minerals (FQM) has unveiled an ambitious vision for Zambia’s mining sector: achieving three million tonnes of copper annually by 2032. Speaking at the Zambia Mining and Investment Insaka (ZAMII) 2025, FQM Country Director Anthony Mukutuma stressed that this goal requires a combination of strategic planning, sustainable practices, and community engagement to ensure lasting benefits for the country. Held under the theme “Unlocking Africa’s Wealth: Advancing Sustainable Mining, Beneficiation & Value Addition,” the… Read More Here

Mining in Zambia Economy

Zambia Backs AfDB President’s Vision for Strengthened African Financial Architecture

October 13, 2025October 13, 2025 Constance

Zambia Supports AfDB Initiative to Boost Africa’s Economic Sovereignty and Infrastructure Development Zambia has reaffirmed its strong support for African Development Bank (AfDB) Group President Dr. Sidi Ould Tah’s initiative to establish a robust African financial architecture designed to enhance the continent’s economic sovereignty. President Hakainde Hichilema expressed this backing during discussions with Dr. Ould Tah at State House, Lusaka, on 9 October 2025, following Zambia’s successful hosting of the third meeting of the 17th African Development Fund replenishment cycle (ADF-17). The talks highlighted Zambia’s strategic partnership with the AfDB… Read More Here

Mining in DRC Economy Gold

DRC to Build Gold Reserves to Strengthen Currency and Support Economic Stability

October 13, 2025October 13, 2025 Constance

DRC Launches Gold Reserve Strategy as Prices Soar Past $4,000 an Ounce to Bolster the Franc The Democratic Republic of Congo (DRC) plans to begin building official gold reserves as part of a broader strategy to strengthen the Congolese franc and support economic resilience, according to Central Bank Governor André Wameso. The move comes amid record-high global gold prices, which surged past $4,000 an ounce this week, marking an increase of more than 50% year-to-date. The rise has been largely driven by heightened central bank purchases worldwide as countries seek… Read More Here

Mining in DRC Economy

Central Bank of Congo Cuts Interest Rates Amid Strong Franc and Positive Economic Outlook

October 10, 2025October 10, 2025 Constance

Central Bank of Congo Lowers Key Rate from 25% to 17.5% as Congolese Franc Strengthens and Economic Stability Improves Kinshasa, Democratic Republic of Congo — In response to an improving economic environment and a stronger national currency, the Monetary Policy Committee (MPC) of the Central Bank of Congo (BCC) has announced a significant easing of its monetary policy. According to André Wameso, Governor of the Central Bank of Congo, the benchmark interest rate has been reduced from 25.0% to 17.5%, marking a 750-basis-point cut. Additionally, the rate on marginal lending… Read More Here

Mining in Zambia Copper Economy

Zambia Eyes Record Copper Output as Global Supply Tightens and Prices Surge

October 10, 2025October 10, 2025 Constance

Zambia Set to Break Copper Production Records in 2025 Amid $10 Billion Mining Boom and Rising Global Demand Zambia is on track for record copper production this year, strengthening its position as a major global supplier just as prices surge and demand accelerates worldwide. A series of accidents and disruptions at major mines in other producing nations has squeezed global supply, pushing copper prices up by more than 20% in 2025. Amid these challenges, Zambia stands out as one of the few countries increasing output — positioning the cash-strapped nation… Read More Here

Mining in Zambia Copper Economy Events & Expos

President Hichilema Reaffirms Commitment to Transform Zambia’s Mining Sector

October 10, 2025October 10, 2025 Constance

Hakainde Hichilema Pledges Sustainable and Inclusive Transformation of Zambia’s Mining Industry at the 2025 Zambia Mining and Investment Insaka President Hakainde Hichilema has reaffirmed his government’s commitment to transforming Zambia’s mining sector into a key driver of inclusive growth, sustainability, and national prosperity. Speaking at this year’s Zambia Mining and Investment Insaka, held under the theme “Unlocking Africa’s Wealth – Advancing Sustainable Mining, Beneficiation and Value Addition,” President Hichilema said the event’s focus aligns closely with Zambia’s renewed mining agenda — one that seeks to transition the nation from a… Read More Here

Copper Economy

Copper Price Surpasses $10,000 Per Tonne, Offering New Opportunities for the DRC

October 6, 2025October 6, 2025 Constance

DRC Copper Prices Surge Above $10,000 in September 2025 — Implications for Mining Revenues and Chinese Contract Talks Copper prices reached US$10,215 per tonne at the end of September 2025, marking a 2.3% increase from the previous week, according to the Central Bank of Congo (BCC). This rise is largely attributed to disruptions at Indonesia’s Grasberg mine, one of the world’s largest copper operations. Compared to December 2024, copper prices have surged by 16.2%, representing a 10.9% increase year-on-year. Significance for the DRC Economy For the Democratic Republic of Congo… Read More Here

Mining in DRC Economy Technology & Innovation

DRC Central Bank Governor Highlights Digital Innovation and Economic Growth at Europe-Africa Investment Forum

September 29, 2025September 29, 2025 Constance

DRC Positioned as Africa’s Next Tech and Economic Powerhouse — Central Bank Governor Wameso Outlines Vision Last Friday, September 26, in Brussels, André Wameso, Governor of the Central Bank of Congo (BCC), took part in the Europe-Africa Investment Forum, where he reviewed the state of the Congolese economy and positioned the Democratic Republic of Congo (DRC) as a strategic hub for technological innovation and sustainable development in Africa. In his speech, Governor Wameso emphasized the DRC’s demographic potential. With a population exceeding 100 million, of which 70% are under the… Read More Here

Mining in DRC Economy Gold

DRC Targets Gold Market Expansion Amid Record Prices and New Investment Plans

September 29, 2025September 29, 2025 Constance

Democratic Republic of Congo Seeks to Expand Gold Mining as Prices Surge Above $3,700/oz Known primarily for its vast copper and cobalt reserves, the Democratic Republic of Congo (DRC) is now seeking to strengthen its position in the global gold market. Currently dominated by the Kibali mine, which accounts for nearly 90% of the country’s gold production, Kinshasa is exploring the possibility of opening new industrial gold mines. This announcement was made by Mines Minister Louis Watum in an interview with Bloomberg on September 25, 2025. The timing coincides with… Read More Here

Mining in Zambia Copper Economy

Zambia’s Ambitious Copper Expansion at Risk Without Skilled Workforce

September 29, 2025September 29, 2025 Constance

Zambia’s Copper Tripling Plan Moves to the Forefront — but Skills Gap Looms Large Zambia’s ambitious plan to triple copper production by 2031 is now at the center of the nation’s economic agenda. The roadmap, developed jointly by the World Bank Group and the Government of Zambia, outlines how the country can harness its vast copper resources to drive growth and transform its economy. Copper mining has been a cornerstone of Zambia’s economy for over a century, contributing about 15% of GDP and more than 70% of exports. Yet production… Read More Here