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Africa Urged to Harness $29.5 Trillion in Mineral Wealth for Industrial Growth 1 International 

Africa Urged to Harness $29.5 Trillion in Mineral Wealth for Industrial Growth

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Africa Holds $29.5 Trillion in Minerals but Must Boost Processing and Infrastructure to Capture Value Africa holds an estimated US$29.5 trillion in mine-site mineral value, representing roughly 20% of global mineral wealth, yet the continent captures only a small fraction of the economic benefits, according to a new study by the Africa Finance Corporation (AFC). The report, launched at the Mining Indaba in Cape Town, reveals that US$8.6 trillion of this value remains untapped due to limited geological data, uneven exploration, and transparency gaps that heighten investment risk. AFC emphasizes… Read More Here
Puma Energy Partners with Hass Petroleum to Launch Lubricants in DRC 2 Mining in DRC Events & Expos Oil & Gas Partnership 

Puma Energy Partners with Hass Petroleum to Launch Lubricants in DRC

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Puma Energy Teams Up with Hass Petroleum to Introduce Premium Lubricants in DRC Puma Energy and Hass Petroleum have announced a strategic partnership to distribute Puma Energy’s lubricants across the Democratic Republic of Congo (DRC). The agreement was finalized during the Investing in African Mining Indaba conference in Cape Town. The collaboration marks the debut of the Puma Energy lubricants brand in the DRC. Under the partnership, Hass Petroleum will handle the distribution and marketing of high-performance lubricants, supporting critical sectors including mining and industrial operations in one of Africa’s… Read More Here
Lobito Atlantic Railway Launches First Ethical Copper and Cobalt Shipment from DRC to Global Markets 3 Mining in DRC Battery Metals Cobalt Transport and Logistics 

Lobito Atlantic Railway Launches First Ethical Copper and Cobalt Shipment from DRC to Global Markets

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Lobito Atlantic Railway Facilitates First Copper and Cobalt Shipment from DRC to Global Markets In a landmark milestone for the Lobito Atlantic Railway (LAR), Entreprise Générale du Cobalt (EGC) and Trafigura announced the first delivery of copper and cobalt along the corridor linking the Democratic Republic of Congo (DRC) to Angola’s deep-water port of Lobito. EGC, a state-owned entity responsible for purchasing cobalt from artisanal producers in the DRC, has partnered with Trafigura, which markets EGC-supplied cobalt globally. EGC CEO Eric Kalala highlighted that using the LAR demonstrates that ethical,… Read More Here
Zambia Suspends Mopani Copper Mines’ Mufulira Operations Over Safety Lapses 4 Mining in Zambia Copper Mine Safety 

Zambia Suspends Mopani Copper Mines’ Mufulira Operations Over Safety Lapses

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Zambia Halts Mufulira Mine Operations at Mopani Copper Mines After Safety Violations Zambia’s mining regulator has suspended operations at Mopani Copper Mines’ Mufulira mine after the company failed to account for all personnel working underground, the Minerals Regulation Commission said in a statement on Friday. The suspension follows a series of recent accidents at Mopani’s facilities and stems from non-compliance with safety regulations that require mines to maintain accurate records of all underground workers at any given time. “Operations will remain suspended until the mine rectifies all deficiencies identified in… Read More Here
Fatal Incident at SimFer Project Halts Operations in Guinea 5 International Corporate News News in Brief Safety & Health 

Fatal Incident at SimFer Project Halts Operations in Guinea

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Contractor Fatality at Rio Tinto’s SimFer Iron Ore Project Suspends Operations in Guinea A contract worker died on Saturday following an incident at the SimFer iron ore project in Nzérékoré, Guinea, according to a statement issued by Rio Tinto. The company did not disclose specific details regarding the circumstances of the incident. All operations at the SimFer site have been suspended pending further review. The temporary shutdown is intended to ensure site safety and support the ongoing investigation. Rio Tinto confirmed that an internal investigation is underway to determine the… Read More Here
Mali Renews Barrick’s Loulo-Gounkoto Gold Mining Permit for 10 Years After Resolving Dispute 6 International Corporate News Gold 

Mali Renews Barrick’s Loulo-Gounkoto Gold Mining Permit for 10 Years After Resolving Dispute

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Mali Extends Barrick’s Loulo-Gounkoto Gold Mining Permit by 10 Years Following Settlement Agreement Mali’s government has approved a draft decree to renew the gold mining permit for the Loulo-Gounkoto complex, operated by Barrick Gold, for an additional 10 years. The announcement was made in an official statement issued Friday by the country’s military leadership. Mali, one of Africa’s largest gold producers, finalized a settlement with Barrick in November after nearly two years of negotiations. The dispute stemmed from Mali’s 2023 mining code reforms, which increased taxes and expanded the state’s… Read More Here
Kansanshi Awards US$35.25 Million Transport Contracts to Zambian Firms, Boosting Local Content and Jobs 7 Mining in Zambia Copper Corporate News Sponsored Content 

Kansanshi Awards US$35.25 Million Transport Contracts to Zambian Firms, Boosting Local Content and Jobs

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Kansanshi Mining PLC has awarded employee transportation service contracts worth a combined US$35.25 million to four Zambian-owned companies, Quattro, Inzu, Temas, and Intertrek, in a move that underlines the mine’s commitment to strengthening local participation in Zambia’s mining value chain and creating sustainable economic opportunities in North-Western Province. The contracts, which will run for three years from 1 February 2026 to 31 January 2029, replace the previous one-year arrangements and provide contractors with greater operational certainty, long-term planning confidence, and improved access to investment opportunities. According to Kansanshi Mining PLC,… Read More Here
Sandvik to Acquire ThoroughTec Simulation to Expand Mining Training Solutions 8 International Corporate News Mergers & Acquisitions 

Sandvik to Acquire ThoroughTec Simulation to Expand Mining Training Solutions

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Sandvik Acquires South Africa’s ThoroughTec to Strengthen Digital Mining and Operator Training Capabilities Sandvik has announced the acquisition of South Africa-based ThoroughTec Simulation, a specialist in advanced mining equipment simulators and training management systems. The company will be integrated into Sandvik’s Parts and Services division within its Mining business area. The transaction, expected to close in the second quarter of 2026 subject to customary regulatory approvals, will enhance Sandvik’s digital mining ecosystem and aftermarket service offering. The purchase price was not disclosed. Strengthening Operator Training and Safety ThoroughTec develops OEM-agnostic… Read More Here
Rio Tinto and Glencore Abandon Plans for $232 Billion Mining Mega-Merger 9 International Corporate News Mergers & Acquisitions 

Rio Tinto and Glencore Abandon Plans for $232 Billion Mining Mega-Merger

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Rio Tinto and Glencore Call Off $232 Billion Merger Talks Amid Governance and Valuation Disputes Rio Tinto and Glencore have terminated discussions over a proposed mega-merger that would have created the world’s largest mining company, with a combined market value of approximately $232 billion. The collapse comes just ahead of a deadline for Rio Tinto to submit a firm offer. After nearly a year of intermittent negotiations, talks broke down within 24 hours, with Rio announcing it was no longer pursuing a merger or other business combination with Glencore, citing… Read More Here
Zimbabwe to Launch Africa’s First Lithium Sulphate Plant at Bikita Mine 10 International Battery Metals Lithium 

Zimbabwe to Launch Africa’s First Lithium Sulphate Plant at Bikita Mine

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Zimbabwe to Commission Africa’s First Lithium Sulphate Plant, Strengthening Its Role in the Global EV Battery Supply Chain Zimbabwe is preparing to inaugurate Africa’s first lithium sulphate processing plant, marking a significant milestone in the country’s mineral beneficiation strategy. The facility is being developed by Prospect Lithium Zimbabwe (PLZ), the country’s largest lithium producer, with financial backing from Zhejiang Huayou Cobalt Co. The plant, located at Huayou’s Bikita Mine in southeastern Zimbabwe, has attracted approximately US$500 million in investment and has now reached the equipment commissioning phase a key step… Read More Here

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