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DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks 21 Mining in DRC Exploration Oil & Gas 

DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks

Constance
The Democratic Republic of Congo (DRC) has officially opened 52 new oil exploration blocks in the Cuvette Centrale sedimentary basin, according to a recent announcement by Minister of Hydrocarbons, Aimé Sakombi Molendo. This marks the completion of the basin’s division into exploration zones. The process was carried out in coordination with the Ministry of Environment to ensure that boundaries of protected areas were respected. The newly designated blocks add to the three exploration areas previously awarded to state-owned COMICO, located in Mbandaka, Lokoro, and Busira. The Cuvette Centrale region is… Read More Here
Belgium-DRC: Former colonial power Belgium retains diamond mining interests in the DRC 44 Diamond Mining in DRC 

Belgium-DRC: Former colonial power Belgium retains diamond mining interests in the DRC

admin
Former colonial power Belgium retains mining interests in the DRC, particularly in diamonds and critical metals. Brussels is now demonstrating its willingness to strengthen its ties with Kinshasa, amid growing geopolitical rivalries over Congolese minerals. Belgian Foreign Minister Maxime Prévot (pictured, right) indicated this week that the kingdom is willing to strengthen its relations with the DRC in the mining sector. While we await a response from Kinshasa and details of this additional commitment from Brussels, we take a look back at the existing ties between the former colonial power… Read More Here
DRC Engages EU on Peace and Aid as PM Suminwa Meets Great Lakes Envoy 45 Mining in DRC Governance 

DRC Engages EU on Peace and Aid as PM Suminwa Meets Great Lakes Envoy

Constance
On Wednesday, April 30, 2025, Prime Minister Judith Suminwa Tuluka met with Mr. Johan Borgstam, the European Union’s Special Representative for the Great Lakes Region, to discuss the EU’s continued support for humanitarian aid and peace initiatives in the Democratic Republic of Congo (DRC). “It was a very warm exchange,” said Borgstam. “We discussed the EU’s support for humanitarian operations in eastern DRC, ongoing peace processes, and development cooperation projects. The EU has already delivered over 100 tons of humanitarian aid, now in Goma.” He also welcomed recent diplomatic progress,… Read More Here
Zambia, Zimbabwe Revive Batoka Gorge Project with Congo River Water Plan 46 Mining in Zambia Hydro power plant 

Zambia, Zimbabwe Revive Batoka Gorge Project with Congo River Water Plan

Constance
Zambia and Zimbabwe are intensifying efforts to attract investment for the long-delayed $5 billion Batoka Gorge hydropower project by revisiting a controversial plan to divert water from the Democratic Republic of Congo (DRC). The Zambezi River Authority (ZRA), a joint agency managing the Kariba Dam on behalf of both countries, has formed a dedicated team to engage potential investors for the 2,400-megawatt power project, according to CEO Munyaradzi Munodawafa. “Our resource mobilization effort is targeting a timeframe of 12 to 18 months, depending on investor confidence, market conditions, and continued… Read More Here
Perseus Commits $523 Million to Tanzania’s Largest Gold Project in Over a Decade 47 International Gold New Mining Projects 

Perseus Commits $523 Million to Tanzania’s Largest Gold Project in Over a Decade

Constance
Australian gold producer Perseus Mining has approved a final investment of $523 million to develop the Nyanzaga Gold Project in Tanzania, marking the country’s most significant gold mine development in more than 17 years. The project will be fully financed from Perseus’ existing cash and gold reserves, which currently total $801 million. The investment will support the construction of a processing plant, related infrastructure, and the overall development of the mine. First gold production is expected in the first quarter of 2027. So far, Perseus has invested $27.5 million to… Read More Here
Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April 48 Mining in DRC Copper Corporate News 

Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April

Constance
 Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced today that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 50,176 tonnes of copper in concentrate during the 30 days of April. The concentrators milled 1.35 million tonnes of ore at an average feed grade of 4.19% copper during the month. The recently ramped-up Phase 3 concentrator achieved an average recovery rate of… Read More Here
KoBold Metals Expands Presence in DRC with New Leadership Appointment 49 Mining in DRC Mining Personality New Mining Projects 

KoBold Metals Expands Presence in DRC with New Leadership Appointment

Constance
US-based KoBold Metals, a mineral exploration company backed by high-profile investors including Bill Gates and Jeff Bezos, has announced further expansion into the Democratic Republic of the Congo (DRC) with the appointment of Benjamin Katabuka as Director-General for its DRC operations. KoBold is best known for its data-driven exploration approach, using artificial intelligence to pinpoint untapped mineral resources. The company has already drawn attention with a bid for the Manono project—one of Africa’s largest known lithium deposits, which also contains significant tin reserves. Katabuka stated that KoBold plans to apply… Read More Here
Nigeria Bets on Steel to Diversify Economy and Slash $4B in Annual Imports 50 Gold Economy International 

Nigeria Bets on Steel to Diversify Economy and Slash $4B in Annual Imports

Constance
Nigeria is intensifying efforts to revive its long-stagnant steel industry as part of a broader strategy to diversify its oil-dependent economy. At the core of this push are plans to overcome decades of operational and financial setbacks, accelerate industrialization, and achieve self-sufficiency in steel production. On April 14, 2025, Nigerian firm Chart & Capstone Integrate Ltd signed a memorandum of understanding (MoU) with China’s Sinomach-HE to construct a $2.5 billion steel plant in Kogi State. This marks one of the largest initiatives yet in Nigeria’s ongoing campaign to reduce its… Read More Here
Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results 51 Copper Corporate News Drilling New Mining Projects 

Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results

Constance
Xtract Resources, an Aim-listed company, has announced that recent assay results from its ongoing drilling campaign at the Silverking copper project in Zambia have doubled the strike length of high-grade mineralisation to over 160 metres. The company, which is working to earn up to a 70% stake in the project from Oval Mining, released results from a second batch of diamond drill holes. These results confirmed consistent high-grade copper and silver mineralisation across significant widths. In addition, Xtract noted that its metallurgical testwork now includes efforts to upgrade and pre-concentrate… Read More Here

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