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IMF Cuts Growth Outlook for Emerging Markets Amid Global Trade Pressures 22 International Economy 

IMF Cuts Growth Outlook for Emerging Markets Amid Global Trade Pressures

Constance
The International Monetary Fund (IMF) has downgraded its growth forecasts for emerging and developing economies, projecting expansion of 3.7% in 2025 and 3.9% in 2026, according to the latest World Economic Outlook (WEO) released during the IMF and World Bank Spring Meetings. The revised forecast reflects a 0.2 percentage point drop from the January 2025 estimates, largely attributed to the impact of restrictive trade measures, particularly in China, which has been significantly affected. Growth expectations for advanced economies have also been lowered, but the most notable adjustments concern inflation. Global… Read More Here
DRC and Indonesia Strengthen Strategic Ties Around Natural Resources 23 Mining in DRC 

DRC and Indonesia Strengthen Strategic Ties Around Natural Resources

Constance
A new milestone in the growing strategic partnership between Kinshasa and Jakarta was reached on April 23, 2025, as Presidents Félix Tshisekedi and Prabowo Subianto held their second exchange since the Indonesian leader’s inauguration. Their goal: to deepen multifaceted cooperation and reinforce diplomacy centered on natural resources. The two heads of state spoke via videoconference, continuing the dialogue initiated on December 14, 2024, shortly after Prabowo Subianto’s election. Discussions focused on creating partnerships across economic, mining, agricultural, diplomatic, and infrastructure sectors. Jakarta is positioning itself as a strategic ally to… Read More Here
U.S. Oversees Signing of Peace Declaration Between DRC and Rwanda 24 Mining in DRC Governance 

U.S. Oversees Signing of Peace Declaration Between DRC and Rwanda

Constance
On Friday, April 25, 2025, U.S. Secretary of State Marco Rubio presided over the signing of a Declaration of Principles between the Government of the Democratic Republic of Congo (DRC) and the Government of Rwanda, according to the U.S. Embassy in the DRC. The DRC’s Minister of Foreign Affairs, Thérèse Kayikwamba Wagner, signed on behalf of the Congolese government, while Rwanda’s Minister of Foreign Affairs, Olivier Nduhungirehe, signed for the Rwandan side. Deputy Secretary of State Christopher Landau, Senior Advisor for Africa Massad Boulos, and Ambassador Troy Fitrell also attended… Read More Here
U.S. Reaffirms Support for Lobito Corridor to Boost DRC and Regional Economies 25 Mining in DRC Angola Economy Mining in Zambia Transport and Logistics 

U.S. Reaffirms Support for Lobito Corridor to Boost DRC and Regional Economies

Constance
On April 17, 2025, U.S. Senior Advisor Massad Boulos announced that Washington would continue supporting the Lobito Corridor, a major rail and road project connecting the Democratic Republic of Congo’s (DRC) mineral-rich regions to Angola’s Atlantic port. The statement followed his visit to the DRC, Rwanda, Uganda, and Kenya. “We fully support the Lobito Corridor, a huge project vital not only for the economies of Congo, Zambia, and Angola but for the entire region,” Boulos said during a press briefing. He noted that the U.S. Development Finance Corporation is a… Read More Here
Rome Resources to Resume Drilling at Bisie North as Security Improves in Eastern DRC 26 Mining in DRC Corporate News Drilling New Mining Projects 

Rome Resources to Resume Drilling at Bisie North as Security Improves in Eastern DRC

Constance
On April 24, 2025, Rome Resources announced plans to resume drilling at its Bisie North tin project in eastern Democratic Republic of Congo (DRC), after suspending operations on March 14 due to security concerns. The company aimed to restart drilling within 10 days, targeting high-grade tin deposits at greater depths. This phase was budgeted at $1.6 million, funded from Rome’s $2.7 million in cash reserves. The decision followed the withdrawal of the M23 rebel group from the region and Alphamin Resources’ April 9 announcement of a gradual restart of production… Read More Here
Gold Prices Set to Surge Beyond $4,000 as DRC Output Slumps 27 Mining in DRC Economy Gold 

Gold Prices Set to Surge Beyond $4,000 as DRC Output Slumps

Constance
Gold prices could soar past $4,000 per ounce in 2026, according to a JP Morgan note published on April 22, 2025. The American bank attributed its bullish forecast to growing recession risks in the U.S. and ongoing trade tensions between Washington and Beijing. JP Morgan projected that gold would average $3,675 per ounce by the fourth quarter of 2025 and surpass $4,000 in the second quarter of 2026. The bank also warned that prices could break these thresholds even earlier if demand exceeds expectations. While global prices were set to… Read More Here
Gold and Copper Prices Rose as Cobalt and Tin Weakened in DRC Export Market 28 Mining in DRC Cobalt Copper Tin 

Gold and Copper Prices Rose as Cobalt and Tin Weakened in DRC Export Market

Constance
The Democratic Republic of Congo’s Ministry of Foreign Trade released updated export price lists for the week of April 21, 2025, showing a mixed performance across key mining commodities. Gold and copper recorded gains after a previous week of overall declines. Gold was priced at $103.32 per gram, up from $99.34, while copper increased to $9,108.55 per tonne from $8,869.35. The previous week, both commodities had fallen, with gold slipping from $99.84 to $99.34 per gram and copper declining from $9,710.30 to $8,869.35 per tonne—a decrease of around 1%. Meanwhile,… Read More Here
CMOC Group Acquires Lumina Gold for C$581 Million to Advance Cangrejos Gold Project 29 International Corporate News Mergers & Acquisitions 

CMOC Group Acquires Lumina Gold for C$581 Million to Advance Cangrejos Gold Project

Constance
Chinese mining company CMOC Group has agreed to acquire Canada’s Lumina Gold in an all-cash deal worth C$581 million, marking a significant step for the Cangrejos gold project in Ecuador. Lumina CEO Marshall Koval expressed excitement about the transition of the Cangrejos project, saying, “After more than a decade of advancing the Cangrejos project, we are thrilled to see it move to CMOC, which is poised to further develop it into one of the largest gold projects globally.” CMOC will pay C$1.27 per Lumina share, offering a 71% premium to… Read More Here
Anil Agarwal Pushes Vedanta Restructuring to Cut Debt and Capitalize on Critical Minerals 30 Mining Personality Corporate News International 

Anil Agarwal Pushes Vedanta Restructuring to Cut Debt and Capitalize on Critical Minerals

Constance
Indian billionaire Anil Agarwal is nearing the completion of a long-anticipated restructuring of his metals-to-energy conglomerate, Vedanta, in a strategic move aimed at reducing the group’s $11 billion debt and providing sharper focus across its diverse businesses. Despite the cooling of aluminum, zinc, and copper prices after their 2024 peaks, the 71-year-old tycoon remains confident that simplifying Vedanta’s corporate structure and capitalizing on rising demand for critical minerals will enhance the group’s appeal — even amid global recession concerns. The demerger plan will result in the listing of Vedanta’s major… Read More Here
Barrick Gold Considers Exit from Canada with Hemlo Mine Sale 31 Gold Corporate News International 

Barrick Gold Considers Exit from Canada with Hemlo Mine Sale

Constance
Barrick Gold is preparing to sell its last remaining Canadian mine, aiming to take advantage of record-high gold prices and renewed investor interest in North American mining assets. According to sources familiar with the matter, the company initiated the sale process for its Hemlo gold mine in Ontario in April and has engaged Canadian Imperial Bank of Commerce (CIBC) to identify potential buyers and manage the bidding process. Neither Barrick nor CIBC has commented publicly on the matter. If completed, the sale would mark Barrick’s full exit from mining operations… Read More Here

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