News in Brief - Copperbelt Katanga Mining

Congolese Gold Price Sees Modest Uptick Amid Global Market Stability

September 7, 2025September 7, 2025 Constance

Congolese Gold Price Rises to $108.71 per Gram as Global Markets Remain Stable The price of Congolese gold experienced a slight increase on international markets, reaching USD 108.71 per gram for the week of September 1–6, 2025, up from USD 108.10 the previous week. This represents a modest rise of 0.56%, according to the National Commission of Mercuriales. Although contained, this increase reflects the current stability of gold on global stock markets. The precious metal continues to serve as a safe haven amid economic uncertainties and speculative market movements. In… Read More Here

Oil & Gas Mining in DRC News in Brief

DRC Oil Prices Record Modest Weekly Gain but Remain on Downward Trend

August 28, 2025August 28, 2025 Constance

DRC Oil Prices Rise 1.8% to $67.7 per Barrel Despite Yearly Decline The price of a barrel of oil, one of the Democratic Republic of Congo’s (DRC) key export commodities, rose to US$67.7 on August 22, 2025, up from US$66.9 the previous week, marking a 1.8% increase, according to the Central Bank of Congo’s latest economic report. As of August 21, oil prices were still 9.1% lower than at the end of 2024 and down 19.2% year-on-year, underscoring the sector’s ongoing challenges. Energy analysts say the weekly gain reflects a… Read More Here

Mining in DRC News in Brief Transport and Logistics

Lobito Atlantic Railway Transports 15,000 Tons of Sulphur to DRC

August 24, 2025August 24, 2025 Constance

Lobito Atlantic Railway Strengthens Africa Mining Logistics with 15,000-Ton Sulphur Shipment to DRC The ANEMON vessel recently docked at the Lobito Mining Terminal (TMPL) carrying 15,000 tonnes of sulphur bound for Kolwezi in the Democratic Republic of Congo. This shipment brings Lobito Atlantic Railway’s (LAR) total sulphur transport to over 36,000 tonnes, cementing its reputation as a reliable logistics partner for Africa’s mining sector. After unloading at the port, the cargo was efficiently transported via the Benguela Railway, highlighting the seamless integration between port and rail operations provided by LAR.… Read More Here

Mining in Zambia Gemstones News in Brief

Gemfields Sells Fabergé to SMG Capital for $50 Million to Focus on Mining Operations

August 12, 2025August 12, 2025 Constance

Gemfields Offloads Fabergé in $50M Deal to Boost Mozambique and Zambia Mining Projects Gemfields Group has sold luxury jeweller Fabergé Ltd to investment firm SMG Capital for $50 million, marking a significant step in the coloured gemstone miner’s strategy to streamline operations and refocus on its core mining business. The sale follows a strategic review launched late last year. Gemfields acquired Fabergé in 2012 to strengthen its gemstone portfolio and leverage the brand’s prestige to promote its jewellery offerings. Founded in 1842 by Gustav Fabergé, the brand became world-famous for… Read More Here

Mining in Zambia Corporate News Mining safety News in Brief

FQM Suspends Operations After Fatal Accident at Zambia’s Sentinel Mine

June 24, 2025June 30, 2025 Constance

First Quantum Minerals announced on Monday that it has temporarily suspended operations in the area of a fatal accident at its Trident project in Zambia, following the death of an employee. The Canadian mining company stated that the incident involved a dump truck at the Sentinel copper mine, one of its key assets in the region. Operations in the affected area will remain halted until it is deemed safe to resume, according to a company statement. Local authorities have been notified, and First Quantum has initiated an internal investigation into… Read More Here

Mining in DRC News in Brief

DRC Launches New Mining Framework to Boost Development

May 25, 2025May 25, 2025 Constance

The General Secretariat of Mines in the Democratic Republic of Congo (DRC) has adopted a new framework and organizational structure aimed at transforming the mining sector into a key driver of national development. The formal ceremony took place on Thursday, May 22, 2025, involving the Minister of Mines, Kizito Pakabomba, and the Vice Prime Minister and Minister of Civil Service, Modernization of Administration, and Public Service Innovation, Jean-Pierre Lihau Ebua. The Secretary General of Mines, Jacques Ramazani, was also present. According to a statement posted on the Ministry of Mines’… Read More Here

International Gold News in Brief

Ghana Arrests Three Indian Nationals Over Alleged Gold Smuggling Ring

April 30, 2025April 30, 2025 Constance

Ghanaian authorities have arrested three Indian nationals accused of smuggling gold out of the country for the past ten years, according to a statement from the Ghana Gold Board. The suspects, aged 42, 35, and 22, were apprehended at their private residence in Kumasi, the country’s second-largest city, following a tip-off. During the raid, officials seized 4.36 kilograms of gold, 1.9 million Ghanaian cedis (approximately $133,333), 4,500 Indian rupees, two currency counting machines, a CCTV recorder, and an Indian passport. Ghana, Africa’s leading gold producer, saw its gold exports surge… Read More Here

Copper Corporate News Mining in Zambia News in Brief

Sinomine Targets 2026 Copper Production at Zambia’s Kitumba Mine

April 17, 2025April 17, 2025 Constance

Sinomine Resource Group has announced plans to begin copper production at its Kitumba Copper Mine in Zambia’s Central Province by September 2026. The update was shared in a company WeChat post on Thursday. Located in the Mumbwa district, the project is expected to receive an investment of $560 million. On Monday, Sinomine commenced stripping operations, which involve the removal of surface soil and rock to access the ore body. This marks a key milestone in the development of the project, which is set to contribute significantly to Zambia’s copper output… Read More Here

Mining in Zambia Copper Corporate News News in Brief

Vedanta CEO Visits KCM to Strengthen Commitment to Mine’s Future

March 5, 2025March 5, 2025 Constance

Vedanta Resources Group CEO, Deshnee Naidoo, visited Konkola Copper Mines (KCM) operations in Chingola and Chililabombwe last week to gain firsthand insight into the mine’s operations. Her visit follows her recent appointment to lead Vedanta’s expansion projects. Accompanied by a high-level delegation, including Vedanta Base Metals CEO Christopher Griffith, KCM Chief Operating Officer Malcolm Mewett, and other senior officials, Naidoo’s visit reaffirmed Vedanta’s strong commitment to the future of KCM and its strategic growth plans. Read More Here

Mining in Zambia News in Brief

Zambia’s Mines Minister Dismisses Claims of Copper and Gold in Lusaka’s Chunga Compound

March 5, 2025March 5, 2025 Constance

Minister of Mines and Minerals Development, Hon. Paul C. Kabuswe, has confirmed that there is no evidence of copper or gold in Lusaka’s Chunga Compound, where residents have been digging in search of minerals. A detailed investigation by the Geological Survey Department revealed that the mineral present at the site is primarily iron ore, specifically magnetite. However, the assessment determined that the deposit is not economically viable for extraction by individuals, cooperatives, or small-scale miners. Hon. Kabuswe urged the public to halt all mining activities in the area, emphasizing that… Read More Here