CKM Newsletter 12-05-2025

2024 estimate suggests Manono holds 669 million tonnes of resources with an average grade of 1.61% lithium…

KoBold Metals, a U.S.-based mining company backed by prominent investors including Bill Gates and Jeff Bezos, is intensifying efforts to secure rights to the Manono lithium deposit in the Democratic Republic of Congo (DRC)—a site widely regarded as a potential world-class lithium mine. A January 2024 estimate suggests Manono holds 669 million tonnes of resources with an average grade of 1.61% lithium…  Read full details

• Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B
• Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery
• Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest
• Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania
• DRC Launches Tender to Revive Key Northeastern Railway Corridor
• Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment
• Deadly Rockfalls Highlight Dangers in DRC’s Artisanal Mining Sector

• DRC Leads Regional Push Against Mineral Smuggling at CIRGL Ministers’ Meeting in Lusaka
• Twangiza Mining Suspends Operations in South Kivu Amid Provincial Orders
• DRC Partners with Former US Navy SEAL Erik Prince to Secure Mining Revenues
• DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks
• India and Angola Deepen Strategic Ties with Energy, Defence, and Tech Agreements
• Zambian Parliamentary Committee Tours FQM Mines to Assess Economic Impact
• Katende Hydropower Plant to Deliver 32 MW in First Phase Within 24 Months
• Kagem Mining Honoured for Surpassing 10 Million LTI-Free Hours in Workplace Safety Milestone
• Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM

• Soventix Joins Solar-Storage Project to Power DRC’s Kamoa–Kakula Copper Mine
• DRC Prioritizes Cobalt Governance and Value Addition in Talks with IMF

“This substantial increase in earnings is primarily attributed to the successful implementation of the Mopani SEP transaction,” Mjumphi stated…

ZCCM-Investment Holdings (ZCCM-IH) has reported a record profit of K42.30 billion (US$1.62 billion) for 2024 — a dramatic turnaround from the previous year’s loss of K4.08 billion (US$199 million). In a statement, ZCCM-IH Company Secretary Charles Mjumphi credited the remarkable performance to the successful implementation of the Mopani Strategic Equity Partner (SEP) transaction. “This substantial…  Read full details

By May 2025, the price had climbed to USD 33,630.99 per tonne—up from USD 30,000—underscoring the market’s heavy reliance on Congolese supply…

In February 2025, the government of the Democratic Republic of Congo (DRC) made a bold move by suspending cobalt exports for four months. The decision, announced by the Strategic Mineral Substances Market Regulatory and Control Authority (ARCOMS), aimed to stabilize the oversupplied market and increase national revenue from this critical mineral. The impact was immediate. Within just one week, cobalt…  Read full details

While Zambia’s greenlight is a key step forward, the project is still awaiting approval from the DRC’s electricity regulator…

Zambia’s Energy Regulation Board has approved the Kalumbila-Kolwezi Interconnection Project (KKIP), paving the way for a new 330 kV high-voltage transmission line linking Zambia and the Democratic Republic of Congo (DRC). The approval, granted on May 6, 2025, marks a major milestone in the development of the 190-kilometre project. Led by Enterprise Power DRC (Enpower), a private electricity trading… Read full details

• Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM
• Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B
• Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery
• Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest
• Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania
• DRC Launches Tender to Revive Key Northeastern Railway Corridor
• Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment
• Deadly Rockfalls Highlight Dangers in DRC’s Artisanal Mining Sector
• DRC Prioritizes Cobalt Governance and Value Addition in Talks with IMF
• Katende Hydropower Plant to Deliver 32 MW in First Phase Within 24 Months

• DRC Leads Regional Push Against Mineral Smuggling at CIRGL Ministers’ Meeting in Lusaka
• Twangiza Mining Suspends Operations in South Kivu Amid Provincial Orders
• DRC Partners with Former US Navy SEAL Erik Prince to Secure Mining Revenues
• DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks
• India and Angola Deepen Strategic Ties with Energy, Defence, and Tech Agreements
• Zambian Parliamentary Committee Tours FQM Mines to Assess Economic Impact
• Soventix Joins Solar-Storage Project to Power DRC’s Kamoa–Kakula Copper Mine
• Kagem Mining Honoured for Surpassing 10 Million LTI-Free Hours in Workplace Safety Milestone

The project will be carried out in Luozi territory by Asia Mineral Limited, a Japanese company ranked among the world’s top manganese exporters…

For the first time in the history of the Democratic Republic of Congo’s mining sector, manganese will soon be commercially exploited in Kongo-Central province—an area traditionally known for its oil reserves. The announcement was made during the 43rd Council of Ministers meeting on Friday, May 9, 2025, through a briefing by Minister of Mines, Kizito Pakapomba. The project will be carried out in… Read full details