News in Brief - Copperbelt Katanga Mining

Zambia Launches ZIMIS to Enhance Mining License Management and Support Growth 1

The Ministry of Mines and Minerals Development of Zambia has unveiled the Zambia Integrated Mining Information System (ZIMIS), a cutting-edge digital platform designed to improve efficiency and transparency in mining license management. ZIMIS replaces the former Cadastre System and aims to streamline the process of issuing mining rights, directly supporting Zambia’s ambitious target of reaching 3.1 million tons of annual copper production by 2031. In line with ongoing compliance monitoring efforts, ZIMIS also supports the repossession of over 1,000 non-compliant licenses in 2024, which will be reallocated in 2025, opening… Read More Here

International Mergers & Acquisitions News in Brief

Fortescue Secures 90% Stake in Red Hawk Mining, Moves to Full Acquisition

February 23, 2025February 23, 2025 Constance0 comment

ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary, FMG Pilbara, triggering a compulsory acquisition process for the remaining shares. In a market notice issued on Tuesday, Fortescue confirmed that it had initiated compulsory acquisition proceedings for the remaining Red Hawk shares. As a result, the ASX will suspend Red Hawk’s shares on February 25, with delisting to follow at a later date. Red Hawk shareholders who have not yet accepted Fortescue’s A$1.20-per-share offer still have time to do so before the offer… Read More Here

Mining in DRC Economy News in Brief Silver Ore

Silver Prices Rise in the DRC Amid Growing Global Demand

February 16, 2025February 16, 2025 Constance0 comment

The price of silver, a key export mineral for the Democratic Republic of Congo (DRC), rose by 3.03% between February 10 and 15, 2025, reaching USD 1.02 per gram, up from USD 0.99 the previous week, according to the Ministry of Foreign Trade. The increase reflects growing industrial demand, particularly in green technologies and electronics, where silver plays a crucial role. Additionally, global economic uncertainties and currency fluctuations have reinforced silver’s status as a safe-haven asset. As Africa’s leading silver producer, the DRC stands to benefit from higher prices through… Read More Here

New Mining Projects Copper Gold News in Brief

African Pioneer Secures £420,000 to Advance Namibia Copper-Gold Project

February 10, 2025February 10, 2025 Constance0 comment

London-listed African Pioneer has raised £420,000 from existing and new shareholders to advance its Ongombo copper-gold project in Namibia and support activities in Zambia and Botswana. The funds will be used to analyze gold distribution and its association with copper and magnetite quartzite, assess orebody-wide gold distribution, and plan drillholes in underexplored areas. Additionally, external mining and resource consultants will refine resource estimates for open-pit mineralization and provide recommendations for infill drilling to enhance the overall resource base. The capital will also support discussions with a preferred mining contractor for… Read More Here

Transport and Logistics News in Brief

SADC Ministers Convene in Lobito to Discuss Agency’s Organizational Framework

January 22, 2025January 22, 2025 Constance

Members of the Committee of Ministers from the Southern African Development Community (SADC) are meeting today in Benguela to deliberate on the organizational structure of the Agency. This marks the second meeting of the group, held in the rail-port city of Lobito. The discussions aim to refine the framework and operations of the Agency, aligning it with SADC’s goals of regional cooperation and sustainable development. Lobito, renowned for its strategic position and infrastructure connecting inland regions to international markets, serves as a fitting venue for this important gathering. This meeting… Read More Here

Mining in DRC Corporate News News in Brief Press Release

Ivanhoe Mines Launches an Offering of US$600,000,000 Senior Notes Due 2030

January 12, 2025January 12, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announces that it has commenced an offering (the “Offering”) of an aggregate principal amount of US$600,000,000 senior notes due 2030 (the “Notes”). The Notes will be senior unsecured obligations of the company and will be guaranteed on a senior basis by certain of the company’s subsidiaries (the “Guarantors”). In connection with the Offering, the company entered into a US$120.0 million revolving credit facility agreement dated December 22, 2024, with, amongst others, the Guarantors and the lenders named therein. The gross proceeds from the Offering… Read More Here

Mining in DRC News in Brief Tin

Tin Price in the DRC Sees Modest Increase Amid Sustained Demand

January 4, 2025January 4, 2025 Constance

The price of tin, the Democratic Republic of Congo’s (DRC) main export mineral, has experienced a slight rise this week. According to the latest figures from the National Mercurial Commission of the Ministry of Foreign Trade, the price of tin reached $28,637.50 per ton for the week of January 6 to 11, 2025. This marks a modest increase of 0.13% compared to the previous week. While the rise is small, it reflects ongoing strong demand for this essential metal, widely used in industries such as electronics and metallurgy. Read More Here

International Corporate News News in Brief

Vedanta to exclude base metals business from sweeping demerger

December 22, 2024December 22, 2024 Constance

Indian miner Vedanta will not carve out a separate listed unit for its base metals business, it said last week, after discussing the matter with its stakeholders and lenders. Vedanta, led by billionaire Anil Agarwal, had last year launched a sweeping overhaul to carve itself up into six separate businesses, in a move aimed at shoring up the group’s financial performance. The company will consider the base metals business demerger at a later stage, it said in an exchange filing, adding that the share entitlement ratio for the demerger of… Read More Here

Mining in Zambia Copper Mine Safety News in Brief

Mopani Copper Mine Smelter to Shutdown for Maintenance Until February 2025

December 18, 2024December 18, 2024 Constance

The smelter at Mopani Copper Mine in Mufulira will remain out of operation until the end of February 2025 due to a breakdown of the Oxygen Plant at the facility. Mopani Copper Mines Chief Executive Officer, Charles Sakanya, confirmed that the smelter will be temporarily shut down to allow for necessary maintenance work. Sakanya assured that the mine will maintain communication with all stakeholders throughout the refurbishment process. The announcement was made in a statement issued by Mopani Public Relations Manager, Nebert Mulenga. SOURCE:znbc.co.zm Read More Here

Mining in DRC News in Brief Partnership

DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement

December 15, 2024December 15, 2024 Constance

The governments of the Democratic Republic of Congo (DRC) and Indonesia are set to sign a cooperation agreement in the mining and environmental sectors in the coming days. This was confirmed following a videoconference on Saturday, December 14, 2024, between DRC President Félix Tshisekedi and his newly inaugurated Indonesian counterpart, Prabowo Subianto. During the exchange, President Subianto extended an official invitation to President Tshisekedi for a state visit to Indonesia in the near future, as announced on the DRC presidency’s X account. Indonesia, a recognized leader in the mining sector… Read More Here