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Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia 22 Mining in Zambia Copper Economy 

Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia

Constance
The Advocates for National Development and Democracy (ANDD) say Zambia’s ongoing mining sector reforms are beginning to positively impact the economy, citing the recent appreciation of the Kwacha against the US dollar. ANDD Executive Director Samuel Banda attributed the currency’s recent rise to around 26.7 Kwacha per dollar in part to increased copper production. He praised recent progress in the mining industry, particularly the developments at Konkola Copper Mines (KCM), and commended Vedanta Resources for its commitment to clearing KCM’s legacy debts and outstanding payments to suppliers. Vedanta has confirmed… Read More Here
Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute 23 Gold Corporate News International 

Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute

Constance
DAKAR/TORONTO – A court in Mali is set to hear a request from the country’s military government on Thursday to place Barrick’s Loulo-Gounkoto gold mine under provisional administration, a move that could significantly escalate the ongoing dispute between the Canadian miner and the West African state. The conflict, which began in 2023, centers on tax claims and disagreements over a new mining code that increases government royalties and ownership stakes. Operations at the Loulo-Gounkoto complex were suspended in January after the government seized around 3 metric tons of gold—valued at… Read More Here
China’s Cobalt Supplies Remain Resilient Despite DRC Export Ban 24 Cobalt Battery Metals Mining in DRC 

China’s Cobalt Supplies Remain Resilient Despite DRC Export Ban

Constance
Chinese cobalt smelters continue to maintain stable supplies of the critical battery metal, despite the four-month export ban imposed by the Democratic Republic of Congo (DRC)—the world’s top cobalt producer—earlier this year, according to delegates at the Cobalt Congress 2025 held in Singapore. Shirley Wang, General Manager at Shanghai Metals Market, told the conference that Chinese downstream users have stockpiles of intermediate cobalt products ranging from two weeks to six months. “Large-scale users in China have up to six months of inventory. However, smaller companies with only half a month’s… Read More Here
Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation 25 Mining in DRC Oil & Gas Partnership 

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Constance
Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint hydrocarbon exploration, power grid integration, and regional transport development. Key projects such as the co-development of Block 14/23 in the Maritime Zone of Common Interest, electricity interconnection initiatives, and the Lobito Corridor railway are expected to advance cross-border trade and energy security, underscoring the value of regional collaboration. In April, Angola’s government approved a landmark agreement defining revenue sharing and compliance terms for Block 14/23, a key offshore oil concession jointly developed with the DRC.… Read More Here
Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands 26 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 27 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 28 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 29 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 30 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

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