Breaking News
Burkina Faso Grants Nordgold Mining License to Boost Gold Production 22 Gold International New Mining Projects 

Burkina Faso Grants Nordgold Mining License to Boost Gold Production

Constance
Burkina Faso’s military-led government has awarded an industrial mining license to Russian miner Nordgold for the development of the Niou gold project, as part of efforts to capitalize on record-high gold prices and strengthen the nation’s economy amid ongoing security challenges. The move reflects deepening economic ties between Burkina Faso and Russia, as the junta that seized power in 2022 continues to shift away from traditional Western allies toward Moscow. The Niou gold deposit, located in Kourweogo province within the Plateau-Central region, spans 52.8 square kilometers (20.4 square miles). It… Read More Here
Ghana and Gold Fields Reach Transitional Agreement on Damang Mine 23 Gold Corporate News 

Ghana and Gold Fields Reach Transitional Agreement on Damang Mine

Constance
Ghana’s government and Gold Fields have agreed on a transitional plan for the Damang mine following the country’s decision to assume operational control after rejecting the company’s lease renewal application—a break from the tradition of automatic renewals. In a statement on Wednesday, the Ghanaian presidency announced that a new 12-month mining lease will be issued to a Gold Fields subsidiary, pending parliamentary ratification in May. During the transition period, Gold Fields will resume open-pit mining activities and conduct feasibility studies to determine Damang’s remaining reserves and future mine life. The… Read More Here
Premier African Minerals Signs LOI with Glencore for Zulu Lithium Concentrate 24 Lithium Battery Metals Corporate News International 

Premier African Minerals Signs LOI with Glencore for Zulu Lithium Concentrate

Constance
Premier African Minerals (Premier) has signed a non-binding Letter of Interest (LOI) with Glencore International regarding the potential sale of spodumene concentrate from its Zulu Lithium and Tantalum Project in Zimbabwe. The LOI outlines preliminary terms for a future binding agreement, contingent on the Zulu Project meeting specific production standards, particularly in grade and volume. Premier aims to finalise the binding agreement within the next three months, with support from Canmax Technologies. Located approximately 80 km from Bulawayo, the Zulu Project is one of Zimbabwe’s largest undeveloped lithium-bearing pegmatites, covering… Read More Here
DRC Invites Japanese Companies to Invest in Its Mining Sector 25 Mining in DRC 

DRC Invites Japanese Companies to Invest in Its Mining Sector

Constance
During the Japan-DRC Business Forum held from April 20 to 22, Popol Mabolia, Director General of the Mining Registry (CAMI), led a Congolese delegation in calling for greater Japanese investment in the Democratic Republic of Congo’s mining sector. Addressing major Japanese companies such as Sumitomo and Ambatovy, Mabolia encouraged partnerships with local mining firms, including state-owned Gécamines and Kisenge Manganèse. His appeal aligns with the forum’s broader aim of strengthening economic cooperation and promoting investment opportunities between the two countries. To attract Japanese investors, Mabolia emphasized the DRC’s vast mining… Read More Here
Gold Mine Collapse in Eastern DRC Kills at Least 10 Amid Ongoing Conflict 26 Mining in DRC Gold Mine Safety 

Gold Mine Collapse in Eastern DRC Kills at Least 10 Amid Ongoing Conflict

Constance
At least 10 people have been confirmed dead following the collapse of a gold mine in eastern Democratic Republic of Congo, according to Douglas Dunia Masumbuko, the M23-appointed governor of South Kivu province. The incident occurred at the Luhihi mine, with Masumbuko warning that the death toll could rise due to the number of injuries sustained. He attributed the collapse to “uncontrolled construction and poor maintenance of gold wells” in the area. Mining accidents are common in the DRC, particularly at small, artisanal mining sites where safety standards are often… Read More Here
ZESCO Accelerates Solar Expansion with 500 MW Boost to the National Grid 27 Mining in Zambia Electricity 

ZESCO Accelerates Solar Expansion with 500 MW Boost to the National Grid

Constance
ZESCO has announced plans to add approximately 500 megawatts (MW) of solar-generated electricity to Zambia’s national grid to help address the country’s energy deficit. Of this target, 134 MW are expected to come online within the next three months. ZESCO Managing Director Justin Longo explained that the move is necessary to mitigate the impact of reduced hydroelectric generation caused by drought conditions. Mr. Longo outlined several key projects: Chisamba will contribute 100 MW, Mansa 25 MW, Kasupe 7.5 MW, and Shangombo 2 MW. In addition, the micro-generator scheme and the… Read More Here
FQM Partners with ICTAZ to Drive Professionalism and Innovation in Zambia’s Tech Sector 28 Mining in Zambia Corporate News Technology & Innovation 

FQM Partners with ICTAZ to Drive Professionalism and Innovation in Zambia’s Tech Sector

Constance
In a bid to foster professionalism and innovation in Zambia’s tech sector, First Quantum Minerals (FQM) has made a K200,000 donation to the ICT Association of Zambia (ICTAZ) in support of its upcoming 2025 Annual General Meeting (AGM). The ICTAZ AGM serves as a crucial platform for over 600 professionals to explore the role of Information and Communication Technology (ICT) in national development. This year’s theme, “Exploring AI’s Potential to Accelerate Digital Transformation and Economic Growth in Zambia,” aligns with the drive to harness innovation and efficiency in key sectors.… Read More Here
Kenya and China Strengthen Partnership with 20 New Trade Agreements 29 International Economy Partnership 

Kenya and China Strengthen Partnership with 20 New Trade Agreements

Constance
Kenya and China have made significant strides in their longstanding partnership by signing 20 new trade agreements and cooperation deals aimed at advancing development across key sectors of Kenya’s economy. The agreements were finalized at the Great Hall of the People in Beijing during a high-level meeting between President William Samoei Ruto of Kenya and President Xi Jinping of China. President Ruto described the Kenya-China partnership as strong, people-centered, and results-oriented. “Our Chinese partners have committed substantial investments in Kenya’s roads, schools, hospitals, agriculture, energy, ICT, and more. These projects… Read More Here
Zambia Reinforces Commitment to Clean Energy at London Summit 30 Mining in Zambia Energy Events & Expos 

Zambia Reinforces Commitment to Clean Energy at London Summit

Constance
Zambia has reaffirmed its dedication to clean energy and sustainable development during the high-level Summit on the Future of Energy Security, currently taking place in London. Minister of Energy Makozo Chikote is leading the Zambian delegation at the two-day global event, co-hosted by the United Kingdom and the International Energy Agency (IEA). The summit brings together key ministers, investors, policy experts, and energy stakeholders to foster international cooperation in tackling emerging challenges within the energy sector, including digitalization, climate change, and the growing adoption of renewable energy technologies. Speaking on… Read More Here
IMF Warns DRC’s Investment Growth May Fall Short Without Structural Reforms 31 Mining in DRC Economy 

IMF Warns DRC’s Investment Growth May Fall Short Without Structural Reforms

Constance
The International Monetary Fund (IMF), in its latest report released during the IMF and World Bank Spring Meetings, projects that investment in the Democratic Republic of Congo (DRC) will peak at 16.5% of GDP by 2029. The forecast anticipates a gradual rise in investment levels between 2025 (14.9%) and 2029. However, a slight decline to 16.2% projected for 2030 signals a potential slowdown or lack of continuity in major projects. Despite the upward trend, the DRC’s investment rate remains below the benchmarks seen in fast-growing emerging economies. Experts note that… Read More Here

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