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Category: News in Brief

Kitumba Mine on Track to Commence Copper Production in 2026 1 Copper Mining in Zambia New Mining Projects News in Brief 

Kitumba Mine on Track to Commence Copper Production in 2026

Constance
Kitumba Copper Mine to Begin Production by June 2026, Supporting Zambia’s 3 Million Tonne Target Sino-Mine Kitumba Minerals, located in Mumbwa District, Central Province, is scheduled to commence copper production by June 2026. The government has expressed strong support for the project, highlighting the adoption of state-of-the-art technology and the introduction of new skills to Zambians. Deputy Secretary to the Cabinet, Siazongo Siakalenge, stated that once operations begin next year, the mine’s projected annual output of 50,000 metric tonnes of copper will make a significant contribution toward Zambia’s goal of… Read More Here
Zambia’s Copper Industry Records Strong Growth as Production Approaches One Million Tons 2 Copper Economy Mining in Zambia News in Brief 

Zambia’s Copper Industry Records Strong Growth as Production Approaches One Million Tons

Constance
Zambia’s Copper Export Earnings Surge 31% in October 2025 as Output Nears Historic Peak Zambia’s copper sector posted impressive results in October 2025, with export earnings from refined copper rising by 31.2% to K20.8 billion, up from K15.0 billion in September. The sharp monthly increase reflects sustained growth in national copper output as the country moves closer to surpassing one million tons of annual production—a milestone not reached in recent years. This rebound comes amid firm global copper prices and growing international demand, driven by the expansion of renewable energy… Read More Here
Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia 3 Mining in Zambia Copper Corporate News New Mining Projects News in Brief 

Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia

Constance
Galileo Resources Begins Drilling at Zambia’s Molefe Copper Project with Jubilee Metals IM-listed Galileo Resources has commenced drilling at its Molefe copper project in Zambia following the signing of a conditional cooperation and project development agreement with Jubilee Metals on November 27. The drilling program began with two holes completed out of an anticipated ten-hole campaign, initiated under the terms of the collaboration agreement. The program has multiple objectives: maintaining the current production profile over the next three months, replacing depleted resources over a six-month mid-term horizon, and executing a… Read More Here
Zimbabwe Raises Gold Royalties to Capitalize on Record High Bullion Prices 4 Gold International News in Brief 

Zimbabwe Raises Gold Royalties to Capitalize on Record High Bullion Prices

Constance
Zimbabwe Introduces 10% Gold Royalty as Prices Stay Above $4,000 an Ounce Zimbabwe is set to increase royalties on gold producers as part of its strategy to benefit from historically high global gold prices, according to the 2026 national budget presented on Thursday. Under the revised revenue measures, gold miners will be required to pay a 10% royalty when bullion prices exceed USD 2,501 per ounce. The adjustment forms part of broader efforts to strengthen government revenues and provide greater support to local industry. Although gold prices have eased by… Read More Here
Loreto Silva Named Lead Independent Director at Barrick Mining 5 Mining Personality Gold International News in Brief 

Loreto Silva Named Lead Independent Director at Barrick Mining

Constance
Barrick Appoints Loreto Silva to Strengthen Board Leadership After Ben van Beurden’s Exit Global mining, exploration and development company Barrick Mining Corporation has appointed Loreto Silva as its new lead independent director, succeeding Ben van Beurden, who has stepped down from the board. Barrick chairperson John Thornton thanked van Beurden for his service and welcomed Silva to her new role. “I would like to thank Ben for his contribution to Barrick and welcome Loreto to the role of lead independent director. The Barrick board remains focused on delivering long-term value… Read More Here
IMF Forecasts 5.2% Growth for Zambia in 2025 6 Mining in Zambia Economy News in Brief 

IMF Forecasts 5.2% Growth for Zambia in 2025

Constance
Zambia’s Economy to Grow 5.2% in 2025, Outpacing African Average, Says IMF The International Monetary Fund (IMF) has projected Zambia’s economy to grow by 5.2% in 2025, well above the 4.1% average expected for most African countries. The robust outlook is attributed to easing inflation, improved liquidity, strong investor confidence, sustained governance and fiscal reforms, and increased private sector participation. IMF Resident Representative Eric Lautier noted that Zambia’s growth was initially projected at 5.8% but was revised downward due to challenges in the energy sector affecting production capacity. Speaking during… Read More Here
Lubumbashi Wastewater Spill Prompts Investigation into Congo Dongfang Mining 7 Mining in DRC Mining safety News in Brief 

Lubumbashi Wastewater Spill Prompts Investigation into Congo Dongfang Mining

Constance
DRC Launches Judicial Probe into Congo Dongfang Mining Over Lubumbashi Environmental Disaster The Congolese Ministry of Justice announced on Friday, November 21, 2025, the opening of a judicial investigation into mining company Congo Dongfang Mining (CDM) following the rupture of its retention basin, which released a large volume of wastewater across multiple districts of Lubumbashi. According to a statement signed by Minister of State, Minister of Justice and Keeper of the Seals Guillaume Ngefa, the incident caused flooding of roads, homes, rivers, and the Moïse market, exposing residents to serious… Read More Here
Tin Prices Rise as Most Congolese Minerals Decline in Weekly Market Update 8 Mining in DRC Cobalt Copper News in Brief Tin 

Tin Prices Rise as Most Congolese Minerals Decline in Weekly Market Update

Constance
Congo Mineral Prices Drop This Week as Cobalt, Copper, Nickel Fall — Tin Posts Rare Increase The prices of most major Congolese raw materials trended downward this week, according to commodity price data released on Monday, November 10, 2015. Tin was the only major mineral to record a notable increase, while several rare metals held steady. Cobalt, a key component in electric vehicle batteries, posted a slight decline, easing from $47 908.00 to $47 902.00 per tonne. Copper, one of the Democratic Republic of Congo’s most important export minerals, also… Read More Here
Shuka Minerals Receives $300,000 Funding Tranche for Zambia Mine Acquisition 9 Mining in Zambia Corporate News Mergers & Acquisitions News in Brief 

Shuka Minerals Receives $300,000 Funding Tranche for Zambia Mine Acquisition

Constance
Shuka Minerals Secures Initial $300,000 from GMI to Advance Zambia Zinc Mine and Leopard Exploration Deal Shuka Minerals, an AIM-listed mining company, has received an initial $300,000 funding tranche from its financing partner Gathoni Muchai Investments (GMI) as part of an expanded loan facility to support its planned acquisition of Leopard Exploration and Mining and the Kabwe Zinc Mine in Zambia. The payment marks a key step toward completing the acquisition, which had been delayed due to funding holdups from GMI. Under the revised financing arrangement, GMI has confirmed that… Read More Here
Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties 10 Gold Economy News in Brief 

Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties

Constance
Gold Surges Amid Market Uncertainty, Cementing Its Safe-Haven Status Gold continues to demonstrate its role as a safe-haven asset during periods of instability. By the end of the second week of October 2025, the price of an ounce of gold reached $3,978.10, marking a weekly gain of 2.4%. Several factors contributed to this rise. Markets are pricing in a potential cut in US interest rates, alongside a weaker US dollar. Investor anxiety is further fueled by ongoing concerns over a possible US government shutdown, a scenario that historically heightens market… Read More Here

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