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Mozambique Signs Energy Agreements with Zambia and Zimbabwe to Boost Regional Integration 21 Mining in Zambia Energy Partnership 

Mozambique Signs Energy Agreements with Zambia and Zimbabwe to Boost Regional Integration

Constance
The Government of Mozambique, through the Ministry of Mineral Resources and Energy, has signed two memoranda of understanding (MoUs) with the Republics of Zambia and Zimbabwe, reinforcing a shared commitment to regional energy integration, industrialization, and sustainable development in Southern Africa. The MoUs were signed during the 11th Mining and Energy Conference (MMEC) in Maputo and align with the goals of the Southern African Development Community (SADC). The agreement with Zambia lays the groundwork for the development of a gas pipeline linking the Mozambican city of Beira to Ndola in… Read More Here
Katende Hydropower Plant to Deliver 32 MW in First Phase Within 24 Months 22 Mining in DRC Hydro power plant 

Katende Hydropower Plant to Deliver 32 MW in First Phase Within 24 Months

Constance
The consulting firm overseeing the Katende Hydropower Plant in the Democratic Republic of Congo (DRC) has announced that the project’s first phase will generate 32 megawatts of electricity within 24 months. Located in Kasai Central province, the project is part of the national strategy to expand electricity access in central DRC. The initial phase includes the installation of two 16 MW turbines and the construction of a transmission line to the city of Kananga. The DRC government has secured financing for the project and established oversight structures, including an engineering… Read More Here
Kagem Mining Honoured for Surpassing 10 Million LTI-Free Hours in Workplace Safety Milestone 23 Mining in Zambia Corporate News Emeralds Mine Safety 

Kagem Mining Honoured for Surpassing 10 Million LTI-Free Hours in Workplace Safety Milestone

Constance
Kagem Mining Limited has been honoured by Zambia’s Mines Safety Department for achieving over 10 million hours without a Lost Time Injury (LTI), a rare and commendable milestone in the high-risk mining sector. The company reached 10,098,176 consecutive LTI-free hours, an achievement recognised during a high-level ceremony in Kitwe. The award underscores Kagem’s leadership in workplace safety, as maintaining a zero Lost Time Injury Frequency Rate (LTIFR) demonstrates a robust safety culture. A Lost Time Injury is defined as any incident that results in an employee missing work. Surpassing 10… Read More Here
Twangiza Mining Suspends Operations in South Kivu Amid Provincial Orders 24 Mining in DRC 

Twangiza Mining Suspends Operations in South Kivu Amid Provincial Orders

Constance
Twangiza Mining SA has announced the suspension of all operations in South Kivu, following directives issued by the province’s new administration. In a statement released on Friday, May 9, General Manager Chao Xianfeng confirmed that all company machinery and vehicles have been parked while awaiting further instructions from senior management. As part of the suspension, the company is also reducing the number of staff residing in company housing. Non-resident employees have been advised not to report to work during this period. Department heads have been instructed to identify affected personnel… Read More Here
DRC Prioritizes Cobalt Governance and Value Addition in Talks with IMF 25 Mining in DRC Battery Metals Cobalt 

DRC Prioritizes Cobalt Governance and Value Addition in Talks with IMF

Constance
The Democratic Republic of Congo (DRC) is intensifying efforts to assert greater control over its cobalt sector—one of the world’s most strategic mineral resources—following a high-level meeting held on May 8, 2025, between the Minister of Mines, Kizito Pakabomba Kapinga Mulume, and a delegation from the International Monetary Fund (IMF) led by Calixte Ahokpossi. The meeting was part of the IMF’s first review of the DRC’s Economic Program, backed by the Extended Credit Facility (ECF). Key representatives from ARECOMS and the Technical and Coordination Unit of Mining Projects (CTCPM) also… Read More Here
ZCCM IH Reports Record 2024 Profit Driven by Mopani Equity Deal 26 Mining in Zambia Copper 

ZCCM IH Reports Record 2024 Profit Driven by Mopani Equity Deal

Constance
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 increase in earnings is primarily attributed to the successful implementation of the Mopani SEP transaction,” Mjumphi stated. The transaction repositioned Mopani Copper Mines Plc as a financially viable operation and facilitated the settlement of K44.72… Read More Here
Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM 27 Mining in Zambia Copper Corporate News Economy 

Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM

Constance
Vedanta Resources Ltd.’s Zambian copper mining unit has appointed Rand Merchant Bank (RMB) to help raise up to $1 billion in debt financing to support the expansion of its operations at Konkola Copper Mines (KCM). The move comes ten months after Vedanta — owned by Indian billionaire Anil Agarwal — regained control of an 80% stake in KCM following a lengthy dispute with the Zambian government. As part of the settlement, Vedanta committed to invest $1 billion in revitalizing the mining complex. Since then, the company has injected $330 million,… Read More Here
Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B 28 Gold Corporate News International 

Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B

Constance
NYSE- and TSX-listed Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation (or Société minière Barrick in French) following shareholder approval at its annual and special meeting held on May 6. The company’s common shares will begin trading under the new name on both exchanges effective May 9. On the New York Stock Exchange (NYSE), the ticker symbol will change from GOLD to B starting that day. On the Toronto Stock Exchange (TSX), shares will continue to trade under the ABX symbol. In addition to the name… Read More Here
Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target 29 International Corporate News Gold New Mining Projects 

Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target

Constance
Barrick Mining CEO Mark Bristow says momentum is building at the company’s Reko Diq copper-gold project in Pakistan, with construction progressing steadily, exploration yielding promising results, and production slated to begin by the end of 2028. “This is a world-class copper-gold project that will generate immense value—not just for Barrick, but also for our partners in Pakistan, especially in Balochistan,” Bristow said on Wednesday. “It’s one of the largest undeveloped porphyry copper-gold systems globally, and its potential is not yet reflected in our share price.” The project will be developed… Read More Here
Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery 30 Mining in Zambia Emeralds 

Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery

Constance
Kagem Mining Limited, Zambia’s leading emerald producer, is set to resume focused open-pit mining operations to boost the recovery of premium-quality emeralds, Gemfields Group Limited announced yesterday. Located in Lufwanyama District, the Kagem mine is 75% owned by UK-based Gemfields and 25% by the Zambian government through the Industrial Development Corporation (IDC). Mining activities had been suspended since January 1, 2025, as part of a strategic cost-saving initiative. During the pause, operations shifted to processing existing ore stockpiles using an upgraded plant. Although emerald production continued steadily in terms of… Read More Here

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