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Zimbabwe’s ZiG Faces Slow Demise Amid Public Distrust and Policy Missteps 21 International Economy 

Zimbabwe’s ZiG Faces Slow Demise Amid Public Distrust and Policy Missteps

Constance
Zimbabwe’s latest currency, the ZiG, is heading toward failure—not through rapid devaluation, but through increasing irrelevance, according to Imara Asset Management, the country’s oldest independent brokerage. Unlike previous currency collapses driven by hyperinflation, the ZiG’s struggle stems from policy missteps and a severe liquidity crunch now entering its sixth month, Bloomberg reports. Introduced in 2024 as Zimbabwe’s sixth attempt in 15 years to stabilize its currency, the ZiG is backed by 2.5 tons of gold and $100 million in foreign currency reserves held by the central bank. Despite these efforts,… Read More Here
Nigeria and South Africa Forge Strategic Mining Partnership to Boost Sector Development 22 International Partnership 

Nigeria and South Africa Forge Strategic Mining Partnership to Boost Sector Development

Constance
Nigeria and South Africa have signed a Memorandum of Understanding (MoU) to strengthen cooperation in the mining sector, focusing on investment, knowledge sharing, and technology transfer between the two nations. The agreement was formalized in Abuja by Nigeria’s Minister of Solid Minerals Development, Dele Alake, and South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe. The MoU outlines collaboration in key areas such as geological mapping using drones, the sharing of mineral data, and joint exploration of agro and energy minerals in Nigeria. Minister Alake emphasized that the partnership… Read More Here
Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery 23 Mining in Zambia Economy 

Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery

Constance
For the first time in six years, Zambia is on track to bring its inflation rate within the central bank’s target range—a key milestone in the country’s economic recovery. Secretary to the Treasury, Felix Nkulukusa, announced on Thursday that annual consumer price inflation is projected to fall below 8% by the end of 2025, aligning with the Bank of Zambia’s target range of 6% to 8%. “We expect inflation to continue to decline,” Nkulukusa said during a speech in Lusaka. “We are confident that we can probably reach the 6–8%… Read More Here
ERG Deploys Autonomous Trucks, AI Technology at Kazakhstan Operations in Push Toward Mining Innovation 24 Corporate News Mining Equipment Technology & Innovation 

ERG Deploys Autonomous Trucks, AI Technology at Kazakhstan Operations in Push Toward Mining Innovation

Constance
Global metals and mining company Eurasian Resources Group (ERG) is implementing AI technologies at its operations in Kazakhstan, including autonomous dump trucks and an advanced Manufacturing Execution System, as part of its continuing digital transformation. The company is the first in Kazakhstan to deploy driverless vehicles for mining operations. By adopting autonomous technologies, ERG aims to reshape mining industry dynamics in Central Asia and contribute to mining’s next chapter through cutting-edge innovations. ERG’s autonomous dump trucks at its Vostochny open-pit coal mine have already transported over two million tonnes of… Read More Here
Eurasian Resources Group refutes negotiations to sell the Company 25 Corporate News Press Release 

Eurasian Resources Group refutes negotiations to sell the Company

Constance
Shukhrat Ibragimov, ERG’s CEO and Chairman of the Board of Directors: “ERG is definitely not for sale” In response to a number of media speculations in the course of the last few weeks, including publications about a Mr James Cameron’s proposal to buy Eurasian Resources Group (ERG), Mr Shukhrat Ibragimov, Chairman of the ERG Board of Directors and its Chief Executive Officer, stated there are no negotiations on the sale of ERG. He said the company’s management is fully committed to further consistent, sustainable development of the Group. There are… Read More Here
U.S. Investor Offers $5 Billion for Eurasian Resources Group Amid Kazakhstan’s Rare Earth Push 26 Corporate News 

U.S. Investor Offers $5 Billion for Eurasian Resources Group Amid Kazakhstan’s Rare Earth Push

Constance
American businessman James Cameron has made a $5 billion offer to acquire Eurasian Resources Group (ERG), according to a letter sent to the company’s board. The bid comes as ERG prepares to play a central role in Kazakhstan’s ambitious expansion of its rare earth metals sector. ERG, a Luxembourg-based mining conglomerate, produces copper, cobalt, aluminum, and iron ore, and is 40% owned by the Kazakh government. In 2023, the company announced the formation of a task force to evaluate rare earth and rare metal deposits in Kazakhstan. Interest in these… Read More Here
Fifteen years on, SRK’s growing footprint embedded in DRC mining evolution 27 Mining in DRC Sponsored Content 

Fifteen years on, SRK’s growing footprint embedded in DRC mining evolution

Constance
Having been active in the Democratic Republic of Congo (DRC) since the 1990s, SRK Consulting’s work in the country has diversified considerably – especially since it established its country office in Lubumbashi fifteen years ago in 2010. Celebrating this milestone ahead of the upcoming DRC Mining Week in June, SRK Consulting Congo chairman Dominique Sambwa notes that the formal collaboration between SRK Consulting Congo and their colleagues in South Africa (SA) and China continues to assist the growing number of mining clients who are China-based. “We value the contribution made… Read More Here
Zambia and Tanzania Launch Cross-Border Power Project to Boost Regional Energy Integration 28 Mining in Zambia Electricity 

Zambia and Tanzania Launch Cross-Border Power Project to Boost Regional Energy Integration

Constance
Zambia and Tanzania have officially launched the Zambia–Tanzania Interconnector Project (ZTIP), a landmark cross-border energy initiative aimed at enhancing regional electricity trade, energy security, and industrial growth. The launch ceremony was held at the Mulungushi International Conference Center in Lusaka. ZTIP forms part of the broader Zambia–Tanzania–Kenya (ZTK) power interconnection project. Once completed, it will link the national electricity grids of Zambia and Tanzania, enabling the two-way flow of electricity between the Southern African Power Pool (SAPP) and the Eastern Africa Power Pool (EAPP). Speaking on behalf of Zambia’s Minister… Read More Here
Zambia Urges European Investment in Mining and Energy Sectors 29 Mining in Zambia Economy Energy 

Zambia Urges European Investment in Mining and Energy Sectors

Constance
Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, has called on European nations to invest in Zambia’s mining and energy sectors, emphasizing the country’s growing openness to new international partnerships. His remarks followed his participation in the 10th Annual Delphi Economic Forum held in Greece. Speaking from Addis Ababa, Dr. Musokotwane highlighted Greece as an untapped partner in Zambia’s development agenda. “The Delphi Forum offered a strategic platform to promote investment and strengthen partnerships,” he said. “We are focused on attracting investments that create jobs, generate wealth, and… Read More Here
DRC Mines Minister Applauds CEEC Efforts to Enhance Transparency and Excellence 30 Mining in DRC 

DRC Mines Minister Applauds CEEC Efforts to Enhance Transparency and Excellence

Constance
On Monday, April 14, 2025, Democratic Republic of Congo’s Minister of Mines, Kizito Pakabomba, paid a working visit to the headquarters of the Center for Expertise, Evaluation and Certification of Precious and Semi-Precious Mineral Substances (CEEC) in Kinshasa. The Minister was received by Board Chairman Dave Kalemba Kashama, Director General Freddy Muamba, and Deputy Director General Kinyoka Kabalumuna God’el. The visit featured in-depth discussions with the management team on the centre’s operations, challenges, and strategic goals. A guided tour of the technical department followed, giving the Minister a first-hand look… Read More Here

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