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Zambian Court Adds State Miner to Lawsuit Over Mopani Copper Sale 1 Mining in Zambia Copper Corporate News 

Zambian Court Adds State Miner to Lawsuit Over Mopani Copper Sale

Constance
A Zambian court has added the state-owned mining company, ZCCM Investments Holdings Plc, to a lawsuit filed by an opposition lawmaker challenging the recent sale of Mopani Copper Mines. According to a regulatory statement issued Thursday, ZCCM was joined to the case on June 20, 2025. The case centers on a transaction finalized in 2024, which transferred control of Mopani to a new investor. Miles Sampa, a former Deputy Minister of Commerce and current opposition Member of Parliament, argues that the sale constitutes the disposal of a major state asset.… Read More Here
Ivanhoe Electric Advances Streamlined Copper Project Toward 2028 Production 2 International Copper Corporate News New Mining Projects 

Ivanhoe Electric Advances Streamlined Copper Project Toward 2028 Production

Constance
Working in close collaboration with expert industry consultants, our team has developed a highly optimized underground mine plan and a simplified heap-leach processing design. The result is a project with low upfront capital requirements, reduced operating costs per unit, and high copper recovery rates. Located on private land, the project benefits from a more efficient permitting process. Ivanhoe Electric aims to begin copper production by 2028. Financing efforts are already underway, bolstered by a letter of interest from the U.S. Export-Import Bank, which could provide up to $825 million in… Read More Here
Mali Appoints Temporary Administrator to Restart Operations at Barrick’s Loulo-Gounkoto Mine Amid Dispute 3 International Corporate News Gold 

Mali Appoints Temporary Administrator to Restart Operations at Barrick’s Loulo-Gounkoto Mine Amid Dispute

Constance
The Malian government has announced that a temporary administrator will resume production at Barrick Gold Corporation’s Loulo-Gounkoto mining complex, following a sharp escalation in tensions between the Canadian mining giant and the West African nation’s military-led government. The mine, one of Barrick’s most valuable assets, was placed under provisional administration earlier this month. On June 16, a court in Bamako ruled that the state could assume control of the mine’s management for six months. Barrick subsequently suspended operations after Malian authorities blocked gold exports and detained senior company staff. “The… Read More Here
DRC Mining Communities Deprived of $198 Million Due to Industry Underreporting and Non-Compliance 4 Mining in DRC 

DRC Mining Communities Deprived of $198 Million Due to Industry Underreporting and Non-Compliance

Constance
Local communities in the Democratic Republic of Congo (DRC) lost approximately $198 million in funding between 2018 and 2023, due to widespread underreporting, partial payments, or complete non-payment of a mandatory community development levy by mining companies. This is according to a June 2025 audit report released by the Court of Auditors. By law, mining companies operating in the DRC are required to allocate 0.3% of their annual turnover to support local community development projects in mining areas. However, the audit uncovered serious discrepancies in reported revenues and payments. Key… Read More Here
Zambia’s Energy Minister Calls for Strong Leadership from New Energy Regulation Board 5 Mining in Zambia Economy Energy 

Zambia’s Energy Minister Calls for Strong Leadership from New Energy Regulation Board

Constance
Zambia’s Minister of Energy has urged the newly appointed Energy Regulation Board (ERB) to provide firm, professional, and prudent leadership in the country’s energy sector, emphasizing its crucial role as a pillar of national economic stability and development. Speaking at the Board’s induction meeting held at the Radisson Blu Hotel in Lusaka, the Minister reminded members that their decisions impact every household and business in Zambia. “The energy sector affects every citizen. You must act with prudence and ensure your decisions serve the people,” he stressed. He challenged the Board,… Read More Here
Zambia's Govt Receives K105.4 Million Dividend from TAZAMA Pipelines 6 Mining in Zambia Economy Oil & Gas 

Zambia’s Govt Receives K105.4 Million Dividend from TAZAMA Pipelines

Constance
The Government of Zambia has received a dividend of K105.4 million from TAZAMA Pipelines Limited for the financial year ending December 31, 2024, marking a significant milestone in the performance of the state-owned energy infrastructure company. Speaking at the dividend handover ceremony in Lusaka, Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, MP, praised TAZAMA’s leadership for delivering strong financial results and reaffirmed the Government’s commitment to modernizing the energy sector. “This dividend represents more than just a financial return,” Dr. Musokotwane stated. “It reflects improved efficiency and governance… Read More Here
Stanbic Bank Zambia Reinforces Commitment to Mining and Energy Growth through Regional Integration 7 Mining in Zambia Economy 

Stanbic Bank Zambia Reinforces Commitment to Mining and Energy Growth through Regional Integration

Constance
Stanbic Bank Zambia has reaffirmed its strategic commitment to advancing Africa’s mining and energy sectors through regional integration and private sector-led investment. The bank demonstrated this commitment by joining its sister institution, Standard Bank DRC, at the 2025 DRC Mining Week held in Lubumbashi. The event, one of Africa’s leading mining forums, brought together stakeholders from mining, energy, infrastructure, and finance sectors to discuss the future of the Democratic Republic of Congo’s mining industry and its connection to the broader continent. Stanbic Bank’s participation highlights the wider Standard Bank Group’s… Read More Here
Félix Tshisekedi Champions Investment Drive for DRC at Luanda Summit 8 Mining in DRC Governance 

Félix Tshisekedi Champions Investment Drive for DRC at Luanda Summit

Constance
The US-Africa Summit opened on Monday, June 23, 2025, in Luanda, Angola, under the theme “Pathways to Prosperity: A Shared Vision for the US-Africa Partnership.” The Democratic Republic of Congo (DRC) presented by President Félix Tshisekedi, who actively participated in this major diplomatic and economic gathering. The summit brought together African and American leaders with a shared objective: to strengthen trade ties, promote mutual investment, and deepen economic cooperation between the United States and Africa. For the DRC, the summit served as a strategic opportunity to diversify its economy and… Read More Here
DRC Ranks Lowest in Africa for Energy Transition in 2025 9 Mining in DRC Energy 

DRC Ranks Lowest in Africa for Energy Transition in 2025

Constance
The Democratic Republic of Congo (DRC) ranks last among 22 African countries in terms of energy transition performance, according to the Energy Transition Index (ETI) 2025, released by the World Economic Forum (WEF) on June 18. The index evaluates the energy systems of 118 countries worldwide, using a comprehensive framework to measure performance and readiness for transition. Nigeria leads the continent in the 2025 ranking, placing 61st globally with a score of 54.8 points. The West African nation jumped 48 places from its 2024 ranking, largely due to targeted regulatory… Read More Here
GoviEx Launches 2025 Field Season to Expand Uranium Resources at Zambia’s Muntanga Project 10 Mining in Zambia New Mining Projects Uranium 

GoviEx Launches 2025 Field Season to Expand Uranium Resources at Zambia’s Muntanga Project

Constance
GoviEx Uranium has officially launched its 2025 field season at the Muntanga uranium project in Zambia, signaling a major step forward in its goal to improve the project’s long-term economics and resource base. After four years of extensive studies culminating in a positive feasibility report—with a post-tax net present value (NPV) of $243 million—the company is expanding its exploration program. The new phase focuses on increasing resource size, extending the life-of-mine, and identifying new deposits to enhance the project’s overall scale and value. The 2025 exploration campaign includes approximately 3,500… Read More Here

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