Breaking News
TFM Finalizes Major Railway Diversion to Boost Mining Operations in Fungurume 1 Mining in DRC Corporate News Infrastructural Development 

TFM Finalizes Major Railway Diversion to Boost Mining Operations in Fungurume

Constance
On June 25, 2025, Tenke Fungurume Mining (TFM) officially completed the technical handover of a key infrastructure project: the nearly 4-kilometer diversion of the RR2 railway section within its mining concession. This rerouting, fully funded by TFM, enables access to new strategic mineral deposits critical to the company’s expansion. Initiated in 2021, the project was driven by the need to realign the existing railway operated by the Société Nationale des Chemins de fer du Congo (SNCC), which intersected with a significant portion of the newly identified deposit. With the approval… Read More Here
IMF Approves $261.9 Million Disbursement to DRC Following First Review of Credit Program 2 Mining in DRC Economy 

IMF Approves $261.9 Million Disbursement to DRC Following First Review of Credit Program

Constance
IMF Disburses $261.9M to DRC After ECF Review, Backing Economic Stability and Reform On July 2, 2025, the Executive Board of the International Monetary Fund (IMF) approved the first review of the Extended Credit Facility (ECF) program for the Democratic Republic of Congo (DRC), resulting in an immediate disbursement of $261.9 million. This funding aims to support macroeconomic stability and expand the government’s fiscal space for public investment. Despite ongoing security challenges in the eastern provinces, the Congolese economy has demonstrated resilience: GDP growth is holding strong at 6.5% Inflation… Read More Here
DRC-Rwanda Peace Agreement Marks Security Milestone with Key Economic Implications 3 Mining in DRC Governance Regional conflict 

DRC-Rwanda Peace Agreement Marks Security Milestone with Key Economic Implications

Constance
DRC-Rwanda Peace Deal Unlocks Economic Opportunities Through Security Stabilization Although not a traditional economic or trade accord, the peace agreement signed on June 27, 2025, in Washington between the Democratic Republic of Congo (DRC) and Rwanda carries significant economic potential, rooted in its political and security objectives. This was highlighted during a government briefing held on Thursday, July 3, 2025, in Kinshasa. “This agreement is not an economic treaty with the United States, nor a bilateral trade deal with Rwanda,” stated Thérèse Kayikwamba, Minister of State for Foreign Affairs, during… Read More Here
DRC Gold Trading SA Injects $27M into Maniema by Formalizing Artisanal Gold Trade 4 Mining in DRC Gold 

DRC Gold Trading SA Injects $27M into Maniema by Formalizing Artisanal Gold Trade

Constance
$27M Boost from DRC Gold Trading SA in Two Months Between March 25 and May 25, 2025, DRC Gold Trading SA achieved a significant milestone in the Maniema province of the Democratic Republic of Congo by channeling over 280 kilograms of artisanal gold through official and traceable circuits. This initiative resulted in the injection of more than $27 million into the local economy of Kindu, primarily through banked payments to local gold traders. This operation marks a turning point for Maniema’s economy, which has long been dominated by informal and… Read More Here
India Unveils Strategic Plan to Boost Copper Output and Secure Global Supply Chain 5 Copper International 

India Unveils Strategic Plan to Boost Copper Output and Secure Global Supply Chain

Constance
India Plans Major Copper Expansion by 2047 with Global Partnerships and Investment Incentives India has announced a comprehensive strategy to ramp up copper production, reduce its dependency on imports, and secure long-term access to global copper reserves. The plan includes inviting foreign companies to establish smelters and refineries in India in exchange for state-owned enterprises investing in overseas mining operations. According to a newly released government policy document—portions of which were first reported by Reuters—India, currently the world’s second-largest importer of refined copper, may need to import between 91% and… Read More Here
Mining Firms Face Suspension Over Unpaid Community Contributions in DRC 6 Mining in DRC 

Mining Firms Face Suspension Over Unpaid Community Contributions in DRC

Constance
DRC Mining Firms Face Suspension Over $2.77M in Unpaid Community Contributions Three mining companies, including the Anhui-Congo Mining Investment Company (SACIM), are facing possible suspension following a scathing report from the Court of Auditors, which revealed their failure to comply with mandatory community development payments. According to the June audit, SACIM and two other firms—OM Metal Resources and the Lubumbashi Tailings Processing Company—have neglected to pay the legally required 0.3% of their turnover, funds designated to support development projects in the communities where they operate. SACIM, already grappling with financial… Read More Here
Alphamin Resources Reports Strong Q2 Performance and Exploration Progress Despite Operational Disruptions 7 Corporate News Tin 

Alphamin Resources Reports Strong Q2 Performance and Exploration Progress Despite Operational Disruptions

Constance
Alphamin Reports Q2 Growth & Tin Exploration Update TSX-V- and JSE-listed Alphamin Resources ended the second quarter, which concluded on June 30, with a net cash position of $50 million. This marks a significant $52 million improvement from a net debt position of $2 million at the end of the first quarter. Contained tin production for the quarter totaled 4,106 tonnes, falling short of the targeted 5,000 tonnes. This shortfall was primarily due to a temporary suspension of operations on March 13, prompted by security concerns. Production resumed in phases… Read More Here
Kibali Gold Mine Set for Long-Term Expansion as Barrick Confirms Major New Orebodies 8 Mining in DRC Gold 

Kibali Gold Mine Set for Long-Term Expansion as Barrick Confirms Major New Orebodies

Constance
Barrick Gold (NYSE: GOLD) announced that recent drilling along the ARK-KCD corridor at its flagship Kibali mine in the Democratic Republic of Congo (DRC) has revealed significant new orebodies. These discoveries could extend the life of the Tier 1 asset well beyond its current 10-year production plan. Since commencing production in 2013, Kibali has successfully replaced every ounce of gold it has mined. Barrick noted that its total in-country investment has now exceeded $6.3 billion. Speaking to reporters, CEO Mark Bristow highlighted that a newly installed 16-megawatt solar-plus-battery plant has… Read More Here
IXM Declares Force Majeure on Cobalt Contracts Amid Extended DRC Export Ban 9 Mining in DRC Cobalt 

IXM Declares Force Majeure on Cobalt Contracts Amid Extended DRC Export Ban

Constance
IXM, the metals trading arm of China’s CMOC Group, has declared force majeure on its cobalt supply contracts due to an ongoing export ban imposed by the Democratic Republic of Congo (DRC), the company announced on Monday. Earlier this month, the DRC government extended the export ban for an additional three months, citing efforts to address global cobalt oversupply and stabilize falling prices. The DRC, which produces over 80% of the world’s cobalt, first implemented the ban on February 22. The restriction is enforced by the country’s Authority for the… Read More Here
Zambia Launches 100 MW Solar Plant to Cut Imports and Power Mining Sector 10 Mining in Zambia Energy Green Energy 

Zambia Launches 100 MW Solar Plant to Cut Imports and Power Mining Sector

Constance
Zambia’s President Hakainde Hichilema on Monday inaugurated the country’s largest grid-connected solar power plant, the 100-megawatt Chisamba project, developed by PowerChina. The facility will supply electricity directly to First Quantum Minerals, one of Zambia’s largest copper producers. The project is expected to significantly reduce Zambia’s reliance on electricity imports from neighboring South Africa and Mozambique. By supplying power to the mining giant, the solar plant will also free up additional electricity capacity for local consumers. Zambia currently depends heavily on hydropower for its electricity needs. However, a prolonged drought has… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.