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DRC to Host Strategic Minerals Summit in Washington Amid Growing U.S. Interest 1 Mining in DRC 

DRC to Host Strategic Minerals Summit in Washington Amid Growing U.S. Interest

Constance
U.S.-DRC Critical Minerals Summit to Foster American Investment in Copper, Cobalt, and Coltan The Democratic Republic of the Congo (DRC) will take center stage at a high-level international summit on critical minerals this Monday, August 21, 2025, in Washington, D.C., United States. Sponsored by the Congolese firm Sokam Holding Sarl, the summit will focus on the responsible exploitation of copper, coltan, and cobalt—minerals in which the DRC holds nearly 80% of the world’s known reserves. These resources are crucial to the global transition to clean energy technologies. The event, officially… Read More Here
KoBold Metals Files for Exploration Permits with CAMI in the DRC 2 Mining in DRC Battery Metals Corporate News New Mining Projects 

KoBold Metals Files for Exploration Permits with CAMI in the DRC

Constance
KoBold Metals Seeks Over $1 Billion Lithium Investment in DRC Amid Legal Dispute Over Manono Mine Benjamin Katabuka, CEO of KoBold Metals in the Democratic Republic of Congo, officially submitted exploration permit applications to the DRC’s Mining Registry last Wednesday. Following the submission, Katabuka held a high-level meeting with Popol Mabolia Yenga, CEO of the Mining Cadastre. This development comes on the heels of a strategic agreement signed on July 17, 2025, between the Congolese government and KoBold Metals, an American start-up leveraging artificial intelligence to locate and extract critical… Read More Here
Anglo American Sees Copper and Diamond Output Slide as Restructuring Efforts Continue 3 International Copper Corporate News Diamond 

Anglo American Sees Copper and Diamond Output Slide as Restructuring Efforts Continue

Constance
Anglo American Reports 13% Drop in Copper Output and 26% Fall in Diamond Production Amid Sluggish Demand Anglo American, the London-listed global mining giant, reported a 13% decline in copper production and a 26% drop in rough diamond output for the first half of 2025, reflecting continued weakness in global demand. Copper output fell to 342,200 metric tons, down from the same period last year. However, the company reaffirmed its full-year copper production guidance of 690,000 to 750,000 tons, slightly lower than the 773,000 tons mined in 2024. Copper remains… Read More Here
Trafigura Faces Pressure Over Share Buybacks Amid Executive Departures and Declining Profits 4 International Corporate News 

Trafigura Faces Pressure Over Share Buybacks Amid Executive Departures and Declining Profits

Constance
Trafigura Delays Share Buybacks as Executive Exodus and Falling Profits Raise Investor Concerns A wave of senior executive departures is putting increased pressure on Trafigura Group’s ability to uphold its employee share buyback commitments, just as its recent profit surge begins to fade. According to people familiar with the matter, Trafigura has postponed approximately 30% of the share repurchases planned for this year. This deferral has sparked concern among current and former traders—many of whom have the majority of their personal wealth tied up in the company—about whether further delays… Read More Here
Newmont Successfully Rescues Trapped Workers After Rockfalls at Red Chris Mine in British Columbia 5 International Corporate News Mining safety 

Newmont Successfully Rescues Trapped Workers After Rockfalls at Red Chris Mine in British Columbia

Constance
Three Workers Rescued After 60-Hour Ordeal at Newmont’s Red Chris Mine in B.C. Three workers trapped underground for more than 60 hours at Newmont Corporation’s Red Chris mine in northwest British Columbia have been safely rescued, the company confirmed late Thursday night. The workers — Kevin Coumbs, Darien Maduke, and Jesse Chubaty — contractors employed by B.C.-based Hy-Tech Drilling, were brought to the surface around 10:40 p.m. local time (1:40 a.m. ET Friday). According to Newmont, all three were in “good health and spirits” after their rescue. The incident began… Read More Here
FQM Eyes Gold Streaming from Zambia Mines to Strengthen Balance Sheet 6 Mining in Zambia Corporate News Gold 

FQM Eyes Gold Streaming from Zambia Mines to Strengthen Balance Sheet

Constance
First Quantum Considers Gold Pre-Payment Deal to Bolster Finances Amid Zambia, Panama Mine Challenges Canadian mining firm First Quantum Minerals is evaluating a gold pre-payment or streaming deal tied to its Zambian operations as a way to strengthen its balance sheet, Chief Financial Officer Ryan MacWilliam told analysts on Thursday. The move comes as the company seeks alternative funding avenues beyond a minority stake sale in its Zambian assets. Last year, First Quantum had explored selling a minority interest in its Kansanshi and Sentinel mines in Zambia. While that option… Read More Here
FQM Projects $18M Monthly Cost to Maintain Closed Cobre Panama Mine 7 International Copper Corporate News 

FQM Projects $18M Monthly Cost to Maintain Closed Cobre Panama Mine

Constance
First Quantum Sees Monthly Maintenance Costs Rise at Panama Copper Mine Canadian mining company First Quantum Minerals announced on Wednesday that it expects monthly costs related to the upkeep of its closed Cobre Panama copper mine to rise to approximately $17 million to $18 million. This increase follows Panama’s approval in May of the company’s Preservation and Safe Management (P&SM) plan, which permits First Quantum to export copper concentrate stored at the site and restart the thermoelectric power plant at the mine. Cobre Panama has been shut since 2023, after… Read More Here
DRC Mining Audit Uncovers Major Shortfall in Funds for Community Development 8 Mining in DRC 

DRC Mining Audit Uncovers Major Shortfall in Funds for Community Development

Constance
DRC Mining Companies Underreport Billions in Revenue, Dodging Millions in Community Development Contributions As part of its 2024 annual activity program, the Democratic Republic of Congo’s (DRC) Court of Auditors conducted an audit on the management of a mandatory 0.3% turnover contribution by mining companies toward community development projects. This audit covered the period from 2018 to 2023 and focused on the compliance of mining companies operating in the production phase, as required under Article 258 bis of the DRC Mining Code. The Court’s investigation uncovered substantial irregularities that undermine… Read More Here
DRC Establishes Carbon Market Regulatory Authority to Boost Oversight and Investment 9 Mining in DRC 

DRC Establishes Carbon Market Regulatory Authority to Boost Oversight and Investment

Constance
DRC Launches Carbon Market Regulatory Authority to Strengthen Oversight and Attract Green Investment On Wednesday, July 23, 2025, a series of presidential ordinances were announced on Congolese National Radio and Television (RTNC) by Tina Salama, spokesperson for the President of the Democratic Republic of Congo (DRC). Among the key announcements was the creation of a new public institution: the Carbon Market Regulatory Authority (ARMCA). Established on the government’s recommendation, ARMCA aims to regulate and manage the country’s emerging carbon credit market. Jacques Célestin Moliba Bakanza has been appointed as Chairman… Read More Here
IMF Releases $184 Million to Zambia Under Extended Credit Facility After Positive Fifth Review 10 Mining in Zambia Economy 

IMF Releases $184 Million to Zambia Under Extended Credit Facility After Positive Fifth Review

Constance
IMF Approves Fifth Review of Zambia’s Credit Program, Unlocking $184 Million Disbursement The International Monetary Fund (IMF) Executive Board has completed the fifth review of Zambia’s 38-month Extended Credit Facility (ECF), approving an immediate disbursement of SDR 139.88 million (approximately US$184 million). This brings the total disbursements under the program to SDR 1.13 billion (around US$1.55 billion). Launched in August 2022, the ECF-supported program is designed to help Zambia restore macroeconomic stability, ensure debt sustainability, and foster inclusive economic growth. The IMF described Zambia’s progress under the program as “broadly… Read More Here

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