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CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets 1 Mining in DRC 

CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets

Constance
DRC Loses Over $1.3 Billion in Mutanda Mining Deals, CNPAV Calls for Transparency Based on official data and independent financial analyses, the coalition “Congo is Not for Sale” (CNPAV) revealed on Friday that the Democratic Republic of Congo (DRC) has lost substantial resources due to undervaluation and the opaque sale of Gécamines’ assets in the Mutanda Mining (MUMI) project. In its report titled “Cobalt at a Discounted Price, Corruption at Full Price,” presented during a conference at Sylikin Village in Kinshasa, CNPAV documented the losses and irregularities in detail: “In… Read More Here
Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute 2 Mining in DRC 

Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute

Constance
Washington Agreement 2025: How the DRC-Rwanda Deal Fuels U.S.-Backed Mineral Exploitation A recent report from The Oakland Institute criticizes the Washington Agreement, signed on June 27, 2025, between the Democratic Republic of Congo (DRC) and Rwanda, calling it a formalization of the ongoing illicit exploitation of the DRC’s mineral wealth by American companies via Rwanda. The U.S. and the Historical Exploitation of Congo’s Minerals The report highlights the long-standing strategic importance of Congolese resources to the United States. It notes that “the bombs dropped on Hiroshima and Nagasaki were made… Read More Here
DRC’s Cobalt Export Delays Continue Despite New Quota System 3 Mining in DRC Battery Metals Cobalt 

DRC’s Cobalt Export Delays Continue Despite New Quota System

Constance
Cobalt Exports from DRC Still on Hold as New Quota System Faces Delays, Disrupting Global EV Supply Chains Cobalt producers in the Democratic Republic of Congo (DRC) are still waiting for government approval to resume exports, despite the introduction of a new quota system on October 16. Industry sources confirmed that the long-anticipated system—designed to restart shipments after a seven-month suspension—has yet to be fully implemented, prolonging uncertainty in global supply chains. Background: Seven-Month Export Freeze Disrupted Global Markets The DRC, which supplies over 70% of the world’s cobalt, imposed… Read More Here
Oakland Institute Warns DRC Against Potential Pitfalls of U.S. Mining Agreements 4 Mining in DRC 

Oakland Institute Warns DRC Against Potential Pitfalls of U.S. Mining Agreements

Constance
DRC’s New Deals with American Mining Firms Could Mirror Chinese “Minerals-for-Infrastructure” Failures, Oakland Institute Warns The Oakland Institute, a think tank advocating for fair debate on social, economic, and environmental issues, has issued a report cautioning about the long-term impacts of agreements between the Democratic Republic of Congo (DRC) and American companies. The warning follows the so-called Washington Agreement, signed on June 27, 2025, between the DRC and Rwanda, which serves as a backdrop for new U.S. investments in Congolese mining. The report compares these agreements to past arrangements between… Read More Here
Zambia and Mozambique Strengthen Bilateral Ties Through Strategic Cooperation Talks 5 Mining in Zambia Economy 

Zambia and Mozambique Strengthen Bilateral Ties Through Strategic Cooperation Talks

Constance
Presidents Hichilema and Chapo Reinforce Zambia–Mozambique Partnership with New Trade and Border Agreement President Hakainde Hichilema of Zambia and President Daniel Francisco Chapo of Mozambique held Official Talks at State House in Lusaka, reaffirming the deep-rooted friendship and commitment to stronger cooperation between the two neighbouring countries. The high-level discussions focused on expanding collaboration in economic development, trade, energy, and regional integration, while emphasizing the shared goal of peace and security across the Southern African region. A Relationship Anchored in History and Solidarity President Hichilema underscored the longstanding historical and… Read More Here
Zambia’s CNMC Shaft 28 Nears Completion of Dewatering, Set to Resume Copper Production by 2026 6 Mining in Zambia Copper 

Zambia’s CNMC Shaft 28 Nears Completion of Dewatering, Set to Resume Copper Production by 2026

Constance
Revival of Luanshya’s Shaft 28 Marks a New Era for Zambia’s Copperbelt Tremendous progress is underway at CNMC Shaft 28 in Luanshya, marking a historic revival for a mine that lay dormant for more than two decades. The project has become a symbol of Zambia’s mining resurgence under President Hakainde Hichilema’s administration. The site is on track to complete dewatering by December 2025, with copper production scheduled to resume in August 2026—a major milestone for both the Copperbelt and the national economy. Government Applauds Rapid Progress During a recent inspection… Read More Here
Angola to Launch Its First Major Copper Mine as Nation Pushes to Diversify Beyond Oil 7 New Mining Projects Copper International 

Angola to Launch Its First Major Copper Mine as Nation Pushes to Diversify Beyond Oil

Constance
Tetelo Copper Mine to Begin Production on October 29, Marking Angola’s Entry into Global Clean Energy Mineral Supply Angola’s first large-scale copper project, the Tetelo Mine, will officially begin production on October 29, government officials announced on Wednesday. The project marks a major milestone in the oil-rich African nation’s drive to diversify its economy and strengthen its role in the global transition to clean energy minerals. The $250 million Tetelo Mine is operated by Shining Star Icarus, a joint venture between China’s Shining Star International Group and Sociedade Mineira de… Read More Here
Axian Energy Expands into Zambia with 54.3MW Bangweulu Solar Project Acquisition 8 Mining in Zambia Energy 

Axian Energy Expands into Zambia with 54.3MW Bangweulu Solar Project Acquisition

Constance
Axian Energy Enters Zambia with Acquisition of Bangweulu Solar Project Renewable energy developer Axian Energy has officially entered the Zambian market with the acquisition of the Bangweulu Solar Project, reinforcing its commitment to sustainable energy and pan-African expansion. Located in Lusaka Province, the Bangweulu Solar Project has an installed capacity of 54.3 megawatts peak (MWp) and generates approximately 87 gigawatt-hours (GWh) of electricity annually — enough to power more than 82,500 households. Through this transaction, Axian Energy has secured an 85.6% stake in the project, while the Industrial Development Corporation… Read More Here
Shuka Minerals Reports New Funding Delay for Zambia’s Kabwe Mine and Leopard Exploration Acquisition 9 Mining in Zambia Corporate News Exploration 

Shuka Minerals Reports New Funding Delay for Zambia’s Kabwe Mine and Leopard Exploration Acquisition

Constance
Shuka Minerals Faces Further Delay in Funding for Kabwe Mine and Leopard Exploration Acquisition Aim- and AltX-listed Shuka Minerals has announced another delay in the release of funds required to finalize its planned acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia. In a statement issued on October 16, the company said that Gathoni Muchai Investments (GMI) had informed it of a further delay in remitting the funds tied to the increased loan agreement signed on June 30. GMI is reportedly finalizing alternative arrangements… Read More Here
Zambia Mining & Investment Insaka 2025: A Turning Point for Local Content and Sustainable Growth 10 Mining in Zambia Events & Expos 

Zambia Mining & Investment Insaka 2025: A Turning Point for Local Content and Sustainable Growth

Constance
The 2025 edition of the Zambia Mining & Investment Insaka (ZAMII 2025) will be remembered as a defining moment in the nation’s mining and economic history. Held at the Mulungushi International Conference Centre under the theme “Unlocking Africa’s Mineral Wealth: Advancing Sustainable Mining, Beneficiation and Value Addition,” the summit attracted over 1,000 delegates from across Africa and beyond. For decades, Zambia’s mining industry one of Africa’s largest has been the backbone of its economy, contributing around 70% of export earnings but with limited benefits retained domestically. ZAMII 2025 sought to… Read More Here

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