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Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania 22 Corporate News International New Mining Projects Press Release 

Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania

Constance
Perseus Mining Limited’s 80% owned subsidiary Sotta Mining Corporation Ltd. has awarded Metso an order for a SuperiorTM MKIII 4265 primary gyratory and two Metso Plus PremierTM grinding mills with a total installed power of 21MW. The equipment will be installed at Sotta Mining’s Nyanzaga gold project in northwest Tanzania. The order value exceeds EUR 20 million and it has been booked in the Minerals segment’s 2025 first-quarter orders received. Matt Cavedon, General Manager, Project Development at Perseus, noted: “Perseus is looking forward to the successful deployment of Metso’s state-of-the-art… Read More Here
Soventix Joins Solar-Storage Project to Power DRC’s Kamoa-Kakula Copper Mine 23 Mining in DRC Corporate News Energy 

Soventix Joins Solar-Storage Project to Power DRC’s Kamoa-Kakula Copper Mine

Constance
German solar energy company Soventix GmbH will play a key role in the development of a large-scale solar and battery storage project to power the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The company announced its participation on April 30, 2025. Soventix will be responsible for planning, project management, and supplying key components. The project is being led by CrossBoundary Energy, a developer specializing in renewable energy solutions for commercial and industrial clients, which will operate the facility. Earlier in April, Kamoa Copper—the owner of the Kamoa-Kakula… Read More Here
Zambia Approves Cross-Border Power Line to DRC Amid Growing Mining Demand 24 Mining in Zambia Electricity Mining in DRC 

Zambia Approves Cross-Border Power Line to DRC Amid Growing Mining Demand

Constance
Zambia’s Energy Regulation Board has approved the Kalumbila-Kolwezi Interconnection Project (KKIP), paving the way for a new 330 kV high-voltage transmission line linking Zambia and the Democratic Republic of Congo (DRC). The approval, granted on May 6, 2025, marks a major milestone in the development of the 190-kilometre project. Led by Enterprise Power DRC (Enpower), a private electricity trading firm, the KKIP has been in development for several years. While Zambia’s greenlight is a key step forward, the project is still awaiting approval from the DRC’s electricity regulator. Comprehensive feasibility… Read More Here
Tantalite Prices Surge Amid DRC Supply Disruptions and Ongoing Conflict 25 Mining in DRC 

Tantalite Prices Surge Amid DRC Supply Disruptions and Ongoing Conflict

Constance
Tantalite prices have surged by 25% since January 2025, reaching their highest levels since April 2023. According to sources, the ore is now trading between $100 and $105 per pound on the European spot market. The upward trend began in February, when data provider Argus raised its price estimates to $80–$88 per pound, up 8% from the previous range of $75 to $81. This rally is primarily driven by declining supply from the Democratic Republic of Congo (DRC), the world’s leading producer of tantalum. In 2023, the DRC accounted for… Read More Here
KoBold Seeks Lithium Stake in DRC’s Manono Amid Legal Dispute and Geopolitical Shifts 26 Mining in DRC Battery Metals Corporate News Lithium New Mining Projects 

KoBold Seeks Lithium Stake in DRC’s Manono Amid Legal Dispute and Geopolitical Shifts

Constance
KoBold Metals, a U.S.-based mining company backed by prominent investors including Bill Gates and Jeff Bezos, is intensifying efforts to secure rights to the Manono lithium deposit in the Democratic Republic of Congo (DRC)—a site widely regarded as a potential world-class lithium mine. A January 2024 estimate suggests Manono holds 669 million tonnes of resources with an average grade of 1.61% lithium. On May 6, 2025, KoBold and Australia’s AVZ Minerals issued a joint statement titled Developing Manono for Peace and Prosperity, signed by their CEOs, Kurt House and Nigel… Read More Here
DRC Launches Tender to Revive Key Northeastern Railway Corridor 27 Mining in DRC Contracts & tenders Transport and Logistics 

DRC Launches Tender to Revive Key Northeastern Railway Corridor

Constance
The government of the Democratic Republic of Congo has launched an international tender to restore and modernize the Bumba–Aketi–Buta–Mungbere railway, an 870-kilometre line in the northeastern part of the country. The tender was officially announced on May 2, 2025, by the Ministry of Transport in Kinshasa. This narrow-gauge railway (0.60 meters), with rails ranging from 18 to 33 kg/m, was once a backbone of the regional economy, transporting agricultural and mineral products. However, it has been in disrepair since the late 1990s, following decades of neglect and the collapse of… Read More Here
DRC Partners with Former US Navy SEAL Erik Prince to Secure Mining Revenues 28 Mining in DRC Partnership 

DRC Partners with Former US Navy SEAL Erik Prince to Secure Mining Revenues

Constance
The Democratic Republic of Congo (DRC) has signed an agreement with Erik Prince, a former US Navy SEAL and founder of the private military company Blackwater, to help secure its mining revenues. The agreement, reached several months ago before the January 2025 rebel offensive by M23 forces, aims to improve transparency in the extractive industries and ensure that production and revenues are distributed in line with the Congolese Mining Code. The initiative targets smuggling and corruption, which continue to cause substantial revenue losses. Initial operations were reportedly planned for the… Read More Here
Fortuna Mining Eyes Guinea After Burkina Faso Exit Amid Rising Regional Risks 29 International Corporate News Gold 

Fortuna Mining Eyes Guinea After Burkina Faso Exit Amid Rising Regional Risks

Constance
Canadian miner Fortuna Mining is refocusing its West African operations on Guinea, signaling a strategic shift following its recent exit from Burkina Faso due to escalating security concerns and regulatory uncertainty. CEO Jorge Ganoza confirmed the company’s new direction in an interview with Reuters, stating that while Fortuna currently has no active operations in Guinea, it is conducting site visits and engaging with local authorities as part of its effort to tap into the country’s gold sector potential. This pivot comes as international miners navigate a changing landscape across West… Read More Here
DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks 30 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

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