Breaking News
$1.5 Billion Energy Corridor to Link Angola and DR Congo 1 Mining in DRC Angola Electricity 

$1.5 Billion Energy Corridor to Link Angola and DR Congo

Constance
Energy companies Mitrelli (Israel) and Hydro-Link (USA) signed a landmark $1.5 billion agreement on Monday to construct a power transmission line capable of transporting 1,200 megawatts (MW) of electricity from Angola to the Democratic Republic of Congo (DRC). The deal was signed during the 17th U.S.-Africa Business Summit and includes plans to establish Special Economic Zones (SEZs) along the route, integrated with the Lobito Railway Corridor. According to the companies, the initiative aims to promote industrialization and boost local economies along the corridor. Mitrelli emphasized the project’s strategic significance, stating… Read More Here
Global Cobalt Market Jolted by Congo’s Surprise Export Ban Extension 2 Mining in DRC Battery Metals Cobalt 

Global Cobalt Market Jolted by Congo’s Surprise Export Ban Extension

Constance
Cobalt futures in China soared on Monday to levels not seen since mid-March, following the Democratic Republic of Congo’s decision to extend its ban on cobalt concentrate exports. Initially implemented in February, the ban has now been prolonged by another three months, significantly disrupting global supply. As the source of over 80% of the world’s cobalt—a key component in electric vehicle (EV) batteries—the DRC’s move is expected to remove more than 100,000 tonnes of cobalt from the global market over a seven-month span, according to industry estimates. Futures contracts for… Read More Here
FQM Suspends Operations After Fatal Accident at Zambia’s Sentinel Mine 3 Mining in Zambia Corporate News Mining safety News in Brief 

FQM Suspends Operations After Fatal Accident at Zambia’s Sentinel Mine

Constance
First Quantum Minerals announced on Monday that it has temporarily suspended operations in the area of a fatal accident at its Trident project in Zambia, following the death of an employee. The Canadian mining company stated that the incident involved a dump truck at the Sentinel copper mine, one of its key assets in the region. Operations in the affected area will remain halted until it is deemed safe to resume, according to a company statement. Local authorities have been notified, and First Quantum has initiated an internal investigation into… Read More Here
Communities Rally for Reopening of Cobre Panama Mine Amid Economic Fallout 4 International Copper 

Communities Rally for Reopening of Cobre Panama Mine Amid Economic Fallout

Constance
Thousands of former workers, local residents, and members of supplier companies marched on Sunday in the town of Penonomé, Panama, urging President José Raúl Mulino to initiate dialogue on the potential reopening of the Cobre Panama copper mine, according to El Capital Financiero. The mine, operated by Minera Panamá—a subsidiary of Canada’s First Quantum Minerals (TSX: FM)—was shut down after Panama’s Supreme Court ruled in 2023 that its operating contract was unconstitutional. The decision halted operations at the country’s only large-scale mining project. The ruling followed mounting legal challenges and… Read More Here
Lucapa 171 carat diamond Diamond Corporate News Mining in DRC 

SACIM Faces Crisis Amid Marketing Restrictions and Financial Strain

Constance
The 48th Ordinary Meeting of the Council of Ministers, held on Friday, June 20, 2025, in Kinshasa, reviewed a report from the Minister of Mines evaluating the operational, managerial, and social conditions of the Anhui Congo Mining Investment Company (SACIM). The report also outlined supervisory measures aimed at reviving the struggling diamond mining firm. SACIM, located in Miabi in the Kasai Oriental province, is facing a severe crisis threatening its viability, despite maintaining a monthly diamond production of approximately 250,000 carats. The company’s difficulties are largely attributed to outdated regulatory… Read More Here
Glencore Seeks Govt Support to Avert Mount Isa Smelter Closure 5 International Corporate News 

Glencore Seeks Govt Support to Avert Mount Isa Smelter Closure

Constance
Glencore (LON: GLEN) has deemed its Mount Isa copper smelter economically unviable and is awaiting responses from both the Australian federal and Queensland state governments regarding requests for financial assistance to continue operations. The Swiss mining and commodities giant cited “unprecedented smelting market conditions,” along with high energy, gas, and labour costs, and a shortage of copper concentrates as key factors undermining the facility’s sustainability. The company initially announced the planned closure of its Mount Isa copper mines and related operations in October 2023. At that time, Glencore stated that… Read More Here
DRC Extends Cobalt Export Ban Amid Global Supply Squeeze and Rising Prices 6 Mining in DRC Battery Metals Cobalt 

DRC Extends Cobalt Export Ban Amid Global Supply Squeeze and Rising Prices

Constance
The Strategic Minerals Market Regulatory and Control Authority (ARECOMS) has announced a three-month extension of the temporary suspension on cobalt exports from the Democratic Republic of Congo (DRC). The renewed measure, effective from June 21, 2025, was made public via a press release issued on Saturday, June 21. According to the ARECOMS Board of Directors, led by Patrick Mpoyi Luabeya, the decision stems from continued oversupply in the market. The suspension applies to all cobalt produced across the country—whether sourced from industrial, semi-industrial, artisanal, or small-scale mining operations. This extension… Read More Here
Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy 7 Mining in Zambia Energy 

Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy

Constance
The Zambian Government has welcomed a major renewable energy investment from Chinese solar technology giant LONGi Green Energy Technology Co., which plans to develop a 100-megawatt (MW) solar power plant in Zambia. Scheduled to become operational by December 2025, the project marks the first phase of a broader plan to scale up to 200MW—offering a substantial boost to Zambia’s renewable energy sector. The announcement was made during a courtesy visit by LONGi executives to the Minister of Energy, Hon. Makozo Chikote, MP, in Lusaka, where the company presented its investment… Read More Here
Lobito Corridor Gains Global Momentum as Zambia Deepens EU-Italy Partnerships 8 Mining in Zambia Partnership Transport and Logistics 

Lobito Corridor Gains Global Momentum as Zambia Deepens EU-Italy Partnerships

Constance
Zambia has strengthened its global development partnerships following a high-level summit on the Mattei Plan and the European Union’s Global Gateway, held in Rome. The meeting, co-hosted by Italian Prime Minister Giorgia Meloni and European Commission President Ursula von der Leyen, reaffirmed Italy and the EU’s support for Zambia through the transformative Lobito Corridor Project. Representing Zambia at the summit was Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane. The event brought together top officials from Angola, the Democratic Republic of Congo, Tanzania, and Zambia, with discussions centered… Read More Here

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