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Mining Firms Face Suspension Over Unpaid Community Contributions in DRC 20 Mining in DRC 

Mining Firms Face Suspension Over Unpaid Community Contributions in DRC

Constance
DRC Mining Firms Face Suspension Over $2.77M in Unpaid Community Contributions Three mining companies, including the Anhui-Congo Mining Investment Company (SACIM), are facing possible suspension following a scathing report from the Court of Auditors, which revealed their failure to comply with mandatory community development payments. According to the June audit, SACIM and two other firms—OM Metal Resources and the Lubumbashi Tailings Processing Company—have neglected to pay the legally required 0.3% of their turnover, funds designated to support development projects in the communities where they operate. SACIM, already grappling with financial… Read More Here
Alphamin Resources Reports Strong Q2 Performance and Exploration Progress Despite Operational Disruptions 21 Corporate News Tin 

Alphamin Resources Reports Strong Q2 Performance and Exploration Progress Despite Operational Disruptions

Constance
Alphamin Reports Q2 Growth & Tin Exploration Update TSX-V- and JSE-listed Alphamin Resources ended the second quarter, which concluded on June 30, with a net cash position of $50 million. This marks a significant $52 million improvement from a net debt position of $2 million at the end of the first quarter. Contained tin production for the quarter totaled 4,106 tonnes, falling short of the targeted 5,000 tonnes. This shortfall was primarily due to a temporary suspension of operations on March 13, prompted by security concerns. Production resumed in phases… Read More Here
Kibali Gold Mine Set for Long-Term Expansion as Barrick Confirms Major New Orebodies 22 Mining in DRC Gold 

Kibali Gold Mine Set for Long-Term Expansion as Barrick Confirms Major New Orebodies

Constance
Barrick Gold (NYSE: GOLD) announced that recent drilling along the ARK-KCD corridor at its flagship Kibali mine in the Democratic Republic of Congo (DRC) has revealed significant new orebodies. These discoveries could extend the life of the Tier 1 asset well beyond its current 10-year production plan. Since commencing production in 2013, Kibali has successfully replaced every ounce of gold it has mined. Barrick noted that its total in-country investment has now exceeded $6.3 billion. Speaking to reporters, CEO Mark Bristow highlighted that a newly installed 16-megawatt solar-plus-battery plant has… Read More Here
IXM Declares Force Majeure on Cobalt Contracts Amid Extended DRC Export Ban 23 Mining in DRC Cobalt 

IXM Declares Force Majeure on Cobalt Contracts Amid Extended DRC Export Ban

Constance
IXM, the metals trading arm of China’s CMOC Group, has declared force majeure on its cobalt supply contracts due to an ongoing export ban imposed by the Democratic Republic of Congo (DRC), the company announced on Monday. Earlier this month, the DRC government extended the export ban for an additional three months, citing efforts to address global cobalt oversupply and stabilize falling prices. The DRC, which produces over 80% of the world’s cobalt, first implemented the ban on February 22. The restriction is enforced by the country’s Authority for the… Read More Here
Zambia Launches 100 MW Solar Plant to Cut Imports and Power Mining Sector 24 Mining in Zambia Energy Green Energy 

Zambia Launches 100 MW Solar Plant to Cut Imports and Power Mining Sector

Constance
Zambia’s President Hakainde Hichilema on Monday inaugurated the country’s largest grid-connected solar power plant, the 100-megawatt Chisamba project, developed by PowerChina. The facility will supply electricity directly to First Quantum Minerals, one of Zambia’s largest copper producers. The project is expected to significantly reduce Zambia’s reliance on electricity imports from neighboring South Africa and Mozambique. By supplying power to the mining giant, the solar plant will also free up additional electricity capacity for local consumers. Zambia currently depends heavily on hydropower for its electricity needs. However, a prolonged drought has… Read More Here
India Targets Critical Minerals in Zambia Amid Global Supply Concerns 25 Mining in Zambia Battery Metals Cobalt Copper New Mining Projects 

India Targets Critical Minerals in Zambia Amid Global Supply Concerns

Constance
India has deployed a team of geologists to Zambia to explore deposits of copper and cobalt, two minerals critical to its clean energy transition, according to two Indian government sources. The Zambian government has allocated 9,000 square kilometers (approximately 3,475 square miles) to India for this exploration initiative. The focus will be on cobalt—a vital component in batteries for electric vehicles and mobile phones—and copper, which is widely used in power generation, electronics, and construction. The exploration project is expected to span three years, with most of the sample analysis… Read More Here
Unchecked Mineral Smuggling Fuels Conflict and Corruption in Eastern Congo 26 Mining in DRC Regional conflict 

Unchecked Mineral Smuggling Fuels Conflict and Corruption in Eastern Congo

Constance
Mineral smuggling from eastern Democratic Republic of Congo (DRC) into neighboring Rwanda has reached unprecedented levels, driven by the occupation of vast areas by the Rwanda-backed M23 rebel group, according to a forthcoming United Nations report. The illicit trade in tin, tantalum, and tungsten—vital minerals used in electronics—has severely undermined legal exports from the region. Once these minerals are trafficked into Rwanda, they are mixed with domestic production, effectively laundering them into global supply chains under the guise of legitimate Rwandan origin. This process compromises international efforts to trace mineral… Read More Here
President Tshisekedi Highlights US Mining Deal as Catalyst for Green Economy and National Growth 51 Mining in DRC Economy Governance 

President Tshisekedi Highlights US Mining Deal as Catalyst for Green Economy and National Growth

Constance
On the 65th anniversary of the Democratic Republic of Congo’s independence, President Félix Tshisekedi addressed the nation on Monday, June 30, 2025, reaffirming active negotiations with the United States to finalize a strategic mining agreement. The deal is set to strengthen the DRC’s position as a key player in the global energy transition and the emerging green economy. “This agreement will mark a decisive step in positioning the DRC as a central player in the global energy transition and the emerging green economy. It aims to develop our strategic minerals—particularly… Read More Here
African Mining Week to Examine Merger & Acquisition Deals 52 Events & Expos 

African Mining Week to Examine Merger & Acquisition Deals

Constance
The upcoming African Mining Week (AMW) conference scheduled for October 1–3, 2025, in Cape Town – will spotlight how Merger & Acquisition (M&A) deals are propelling the continent’s copper industry forward. A power chat will take place, titled The Copper Scramble: How Mergers are Reshaping the Global Supply Chain. The session is expected to unpack the impact M&A deals have had and will continue to play on Africa’s copper industry, highlighting recent deals and investment opportunities across the market. Driven by the global energy transition and the demands of the… Read More Here

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