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Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands 21 Mining in DRC Copper Corporate News New Mining Projects 

Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands

Constance
Ivanhoe Mines has announced an updated and independently verified Mineral Resource estimate for the Makoko District within its Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). The Western Forelands Exploration Project spans 2,393 square kilometres adjacent to the Kamoa-Kakula Copper Complex—an area roughly six times larger than the Kamoa-Kakula footprint. Ivanhoe holds ownership stakes ranging from 54% to 100% in this project. Since the initial Mineral Resource estimate for Makoko and Kiala in November 2023, over 86,000 metres of diamond drilling have been completed, bringing the… Read More Here
Nchanga KCM Open Pit Mining in Zambia Copper Corporate News 

KCM ACHIEVES MAJOR MILESTONE IN UNDERGROUND MINING

Constance
Konkola Copper Mines (KCM) has reintroduced raise boring technology at No.3 Shaft – Konkola Mine in Chililabombwe for the first time in 15 years, marking a major milestone in the company’s journey towards safer, more efficient, and future-ready underground mining. Raise boring is a mechanical excavation technique used to create precise vertical or inclined shafts between underground levels, without the need for blasting. It is widely regarded for its safety, speed, and efficiency. This strategic investment, executed in partnership with TUMI Raise Boring, a globally recognized specialist in the technique,… Read More Here
FQM Secures Renewable Power Deal to Boost Zambia’s Energy Security 22 Mining in Zambia Energy 

FQM Secures Renewable Power Deal to Boost Zambia’s Energy Security

Constance
First Quantum Minerals (FQM) has taken a significant step toward enhancing Zambia’s energy security and sustainability by signing an innovative agreement to source clean, reliable power from the Kariba North Bank Extension (KNBE) energy plant. This landmark deal brings together key partners—ZESCO’s subsidiary Kariba North Bank Extension Power Corporation (KNBE), GreenCo Power Services (GreenCo), and financial institutions Standard Bank Group and Stanbic Bank Zambia—to pioneer a forward-looking energy model that supports both industrial growth and renewable energy development. As part of the arrangement, KNBE secured commercial debt financing from the… Read More Here
DRC Plans Tighter Controls on Cobalt Exports After Temporary Ban 23 Mining in DRC Cobalt 

DRC Plans Tighter Controls on Cobalt Exports After Temporary Ban

Constance
The Democratic Republic of Congo (DRC) is considering imposing strict limitations on cobalt exports once its current four-month ban expires, a top government official announced on Wednesday. Patrick Luabeya, president of the Authority for the Regulation and Control of Strategic Mineral Substances’ Markets, said during a conference in Singapore that the government is preparing further restrictions due to persistent oversupply in both domestic and international markets. “The stockpiles that have suppressed prices have not yet been exhausted, although they have been significantly reduced,” Luabeya stated. He added that the agency’s… Read More Here
Alphamin Scales Back Tin Output Amid Security Threats in Eastern DRC 24 Mining in DRC Corporate News Tin 

Alphamin Scales Back Tin Output Amid Security Threats in Eastern DRC

Constance
JSE-listed Alphamin Resources has reported an 18% quarter-on-quarter decline in high-grade tin concentrate production from its Bisie mine in the Democratic Republic of Congo (DRC) for the first quarter of 2024, following a temporary shutdown due to escalating regional security concerns. The company produced 4,270 tonnes of contained tin during the quarter ended March 31, down from 5,237 tonnes in Q4 2023. Operations were suspended on March 13 as insurgent groups advanced westward, reaching within 110 km of the mine. Notably, on March 20, insurgents occupied Walikale, a key town… Read More Here
Cobalt Market Set to Swing into Deficit by Early 2030s Amid Soaring EV Demand 25 Cobalt Battery Metals 

Cobalt Market Set to Swing into Deficit by Early 2030s Amid Soaring EV Demand

Constance
Global demand for cobalt is expected to outpace supply growth in the coming years, gradually eroding the current market surplus and pushing the market into deficit by the early 2030s, according to a new report by the Cobalt Institute, prepared by Benchmark Mineral Intelligence. The shift is driven largely by the rapid expansion of the electric vehicle (EV) sector, which uses cobalt in lithium-ion batteries. Cobalt demand is projected to grow at a compound annual growth rate (CAGR) of 7%, reaching 400,000 metric tons by the early 2030s—up from 222,000… Read More Here
DRC and Ethiopia Sign Landmark Bilateral Agreement to Boost Mining and Economic Cooperation 26 Mining in DRC Economy 

DRC and Ethiopia Sign Landmark Bilateral Agreement to Boost Mining and Economic Cooperation

Constance
In a significant diplomatic breakthrough, the Democratic Republic of Congo (DRC) and Ethiopia signed a landmark bilateral agreement on May 6, 2025, in Addis Ababa. This is the first such agreement in over 25 years between the two nations and marks a new chapter in their political and economic partnership. The agreement was signed by DRC State Minister of Foreign Affairs Thérèse Kayikwamba Wagner and her Ethiopian counterpart, Gedion Timothewos Hessebon. The deal focuses on strengthening cooperation in key sectors, including mining, economic development, and cultural exchange. Central to the… Read More Here
FEC Challenges DGDA Crackdown on Artisanal Cobalt Exports in Lualaba 27 Mining in DRC Artisanal mining Cobalt 

FEC Challenges DGDA Crackdown on Artisanal Cobalt Exports in Lualaba

Constance
In Lualaba province, the Business Federation of Congo (Fédération des Entreprises du Congo — FEC) is contesting recent enforcement actions by the Directorate General of Customs and Excise (DGDA), calling them “irregular” and potentially harmful to the province’s investment climate. In a letter dated May 5, 2025, addressed to DGDA Director General Bernard Kabese Musangu, FEC’s provincial president, Germain Pungwe Mabwe, criticized the DGDA’s decision to open proceedings against member companies involved in the processing and export of cobalt sourced from artisanal mining. These companies have received official statements of… Read More Here
DRC Takes Center Stage at Cobalt Institute’s 2025 Conference in Singapore 28 Mining in DRC Events & Expos 

DRC Takes Center Stage at Cobalt Institute’s 2025 Conference in Singapore

Constance
The Democratic Republic of Congo (DRC) is actively participating in the 8th Annual Cobalt Institute Conference, which opened on Wednesday in Changi, Singapore. The high-profile event, which brings together global leaders in the cobalt industry, concludes on Thursday, May 15. The opening ceremony featured remarks by Dinah McLeod, Director of the Cobalt Institute, who welcomed official delegations—including those from the DRC and Indonesia—and expressed her gratitude for their participation, calling their presence an “honor” for the Institute. Amid ongoing geopolitical tensions and market volatility since the beginning of the year,… Read More Here
U.S. Partners with Rwanda to Secure Strategic Tin Supply Amid Rising Geopolitical Risks 29 Tin Mining in DRC Regional conflict 

U.S. Partners with Rwanda to Secure Strategic Tin Supply Amid Rising Geopolitical Risks

Constance
Amid rising geopolitical tensions and the growing global demand for critical minerals, the United States has announced a strategic partnership with Rwanda to secure direct access to tin—an essential metal for the electronics and renewable energy sectors. On Tuesday, a letter of intent was signed between the U.S. government, Trinity Metals (which operates in Rwanda), and Nathan Trotter & Co., a major U.S.-based tin supplier. The agreement aims to establish a direct and reliable tin supply chain between Rwanda and the American market. This initiative is part of Washington’s broader… Read More Here

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