Economy - Copperbelt Katanga Mining

Zambia to Launch Mining Revenue Stabilization Fund

February 26, 2026February 26, 2026 Constance

Zambia to Create “Rainy Day” Fund as Copper Revenues Surge Amid Record Production Zambia, Africa’s second-largest copper producer, will channel higher-than-expected mining revenues into a stabilization fund this year, creating a fiscal buffer to protect the economy when copper prices retreat. Secretary to the Treasury Felix Nkulukusa described the mechanism as a “rainy day” fund designed to capture excess mineral revenues as production climbs to record levels while prices remain near historic highs. Any mining revenue collected above budget projections will be deposited into the fund rather than immediately spent.… Read More Here

Mining in DRC Copper Corporate News Economy Gold

Kibali Breaks Revenue Record as Gold Prices Surge Despite Lower Output

February 24, 2026February 24, 2026 Constance

Kibali Gold Mine Revenue Tops $2.3 Billion in 2025 as Rising Gold Prices Offset Production Dip The Kibali gold mine in northeastern Democratic Republic of Congo delivered record financial results in 2025, generating approximately $2.3 billion in total revenue the strongest performance since large-scale production began in 2014. Operator Barrick Mining, which holds a 45% stake in the mine, reported that its attributable share amounted to $1.04 billion. On a full ownership basis, Kibali surpassed the $2 billion revenue mark for the first time, representing a 40% increase compared with… Read More Here

Mining in Zambia Economy

Zambia and Angola Deepen Economic Cooperation Through High-Level Engagements in Luanda

February 22, 2026February 22, 2026 Constance

Zambia Embassy in Luanda Advances Trade and Investment Talks with AIPEX, OMATAPALO and CCIA to Boost Zambia–Angola Economic Ties The Embassy of the Republic of Zambia in Luanda has concluded a series of high-level economic engagements aimed at strengthening bilateral trade and investment cooperation between Zambia and Angola. The meetings brought together Zambia’s Ambassador to Angola, Elias Munshya, with key Angolan economic stakeholders, including Dr Arlindo das Chagas Rangel, Chief Executive Officer of Agência de Investimento Privado e Promoção das Exportações (AIPEX), senior management of OMATAPALO – Engenharia e Construção… Read More Here

Mining in DRC Copper Economy

Glencore–Gécamines Deal Secures Long-Term Future of Kamoto Copper Company

February 19, 2026February 19, 2026 admin

Glencore and Gécamines Sign Strategic KCC Mining Agreement to Boost DRC Copper Output to 300,000 Tonnes per Year A significant new phase is unfolding for copper production in the Democratic Republic of Congo (DRC). On Wednesday, 18 February 2026, Swiss mining major Glencore signed a landmark agreement with state-owned Gécamines concerning Kamoto Copper Company (KCC), one of the country’s most strategic mining operations. Long-Term Security for a Strategic Asset At the core of the agreement is a comprehensive package of long-term mining leases and titles. These provide KCC with the… Read More Here

Mining in Zambia Copper Economy

ZCCM-IH Plans Commodity Trading Arm to Capture Greater Value from Zambia’s Mineral Output

February 18, 2026February 18, 2026 Constance

Zambia’s ZCCM-IH to Launch Commodities Trading Strategy and Expand Royalty Model in Copper Sector ZCCM Investments Holdings (ZCCM-IH) is developing plans to establish a commodities trading function that would allow it to market its share of mineral production directly on international markets, according to Chief Executive Officer Kakenenwa Muyangwa. The strategy would enable the majority state-owned mining investment company to access physical volumes of output from its portfolio companies in proportion to its equity holdings and sell them independently. The move is designed to capture greater value as global competition… Read More Here

Mining in Zambia Economy

Zambia to Open Talks on New IMF Programme After August Elections

February 16, 2026February 16, 2026 Constance

Zambia to Begin New IMF Programme Negotiations After August Vote as Post-Default Reforms Continue Zambia will begin negotiations on a new economic programme with the International Monetary Fund (IMF), but a final agreement is expected only after the country’s August general elections. Finance Minister Situmbeko Musokotwane said discussions would commence “almost immediately,” offering the clearest timeline yet from Lusaka. However, he indicated that the IMF prefers to conclude agreements with administrations that have a full electoral mandate to implement reforms. “The IMF would like to negotiate with a government that… Read More Here

Mining in Zambia Economy Events & Expos

Zambia Showcases Economic Recovery and Reform Agenda at 2026 Mining Indaba

February 16, 2026February 16, 2026 Constance

Zambia Highlights IMF Programme Success, $12bn Mining Investment and Copper Growth at 2026 Mining Indaba Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, described President Hakainde Hichilema’s address at the 2026 Investing in African Mining Indaba as a strong endorsement of the country’s economic recovery and a clear roadmap for partnership-led growth. In a fiscal and macroeconomic assessment of the President’s speech, Dr Musokotwane said the address delivered shortly after Zambia concluded its International Monetary Fund Extended Credit Facility (ECF) Programme in January 2026 underscored the importance of macroeconomic… Read More Here

Copper Economy Events & Expos

CEC Urges $12bn Energy Investment to Power Zambia’s 3 Million Tonnes Copper Production Goal

February 16, 2026February 16, 2026 Constance

Zambia Needs $12 Billion in Power Investment to Achieve 3 Million Tonnes Copper Target, Says CEC Copperbelt Energy Corporation Plc (CEC) Managing Director Owen Silavwe has called for accelerated private-sector investment in Zambia’s power sector, warning that expanded energy infrastructure is essential to achieving the country’s target of producing three million metric tonnes of copper annually by 2031. Speaking at the Zambia Country Showcase during the Investing in African Mining Indaba in Cape Town, Silavwe commended the government’s reform agenda, noting that recent policy measures in the mining and energy… Read More Here

Mining in DRC Copper Economy

Copper Prices Rebound as Global Demand Strengthens and DRC Eyes Strategic Gains

February 10, 2026February 10, 2026 Constance

Copper Prices Recover in Early 2026 as Demand from Energy and Digital Sectors Accelerates After several weeks of decline, copper one of the Democratic Republic of Congo’s (DRC) most important mineral exports is showing a clear recovery on international markets at the start of February 2026. According to projections from the National Market Commission of the Congolese Ministry of Foreign Trade, copper prices are expected to average USD 13,347.90 per tonne for the period from February 9 to 14, 2026, up from USD 12,943 per tonne the previous week. This… Read More Here

Mining in DRC Economy

DRC Mineral Prices Rise Sharply at Start of February, with Copper as the Sole Exception

February 2, 2026February 2, 2026 Constance

DRC Mineral Prices Increase in Early February 2026 as Global Demand Strengthens, Ministry Data Shows Mineral prices in the Democratic Republic of Congo (DRC) recorded a broad upward trend at the beginning of February, according to market data released by the Ministry of Foreign Trade on Monday, February 2, 2026. Nearly all major commodities posted gains, underscoring sustained demand on international markets, with copper standing out as the sole exception. Copper, a pillar of the Congolese mining sector, experienced a slight decline, with its price easing from USD 13,031.40 to… Read More Here