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Lobito Corridor Railway Secures $753 Million Financing to Boost Regional Trade Links 23 Transport and Logistics Angola International 

Lobito Corridor Railway Secures $753 Million Financing to Boost Regional Trade Links

Constance
Angola’s Lobito Corridor Railway Project Reaches $753 Million Financial Close to Expand African Trade Connectivity The Lobito Corridor railway project in Angola has reached financial close after securing $753 million in funding, marking a major milestone for one of Africa’s most important regional transport infrastructure initiatives. The financing will support the rehabilitation, upgrade and long-term operation of the 1,300-kilometre railway corridor linking the Port of Lobito in Angola to the border with the Democratic Republic of Congo (DRC). The project is operated by Lobito Atlantic Railway (LAR), a joint venture… Read More Here
Rome Resources Reports Strong Tin Results at DRC’s Kalayi Deposit Ahead of Updated Resource Estimate 24 Mining in DRC Corporate News Drilling New Mining Projects Tin 

Rome Resources Reports Strong Tin Results at DRC’s Kalayi Deposit Ahead of Updated Resource Estimate

Constance
Rome Resources Completes Kalayi Tin Drilling in DR Congo as Updated Resource Estimate Targets Growth AIM-listed Rome Resources has received final assay results from its latest drilling campaign at the Kalayi deposit, part of the Bisie North Project in the Democratic Republic of Congo (DRC), paving the way for an updated mineral resource estimate (MRE) expected in July. The results complete the company’s recent drilling programme, which was designed to improve understanding of the deposit’s geology, confirm mineral continuity and increase confidence in the estimated tin resources. The current Kalayi… Read More Here
Caterpillar Acquires Skycatch to Expand AI-Powered Mining Technology Platform 25 International Corporate News Equipment & Technology Mining technology 

Caterpillar Acquires Skycatch to Expand AI-Powered Mining Technology Platform

Constance
Caterpillar Buys Skycatch to Boost AI, Digital Twin and Automation Capabilities in Mining Operations Caterpillar Inc. has acquired mining technology company Skycatch as part of its strategy to expand digital solutions, artificial intelligence capabilities and real-time data tools for mining operations. The terms of the transaction were not disclosed. The acquisition follows Caterpillar’s recent purchase of RPMGlobal and strengthens its portfolio of mining technologies designed to improve operational efficiency, optimise material movement and support both conventional and autonomous mining fleets. Skycatch specialises in capturing and processing high-resolution spatial data using… Read More Here
DR Congo Expects Stable Copper and Cobalt Output Despite Sulfuric Acid Supply Concerns 26 Mining in DRC Cobalt Copper 

DR Congo Expects Stable Copper and Cobalt Output Despite Sulfuric Acid Supply Concerns

Constance
DR Congo Says Copper and Cobalt Production Remains Resilient Despite Regional Chemical Supply Disruptions The Democratic Republic of Congo (DRC) does not expect major disruptions to copper and cobalt production in 2026 despite concerns over sulfuric acid supply shortages linked to regional geopolitical tensions, a senior mining official said. Sulfuric acid is a key input in the processing of copper and cobalt ores. Recent disruptions to regional supply chains, including reduced exports from Zambia, have raised concerns among some mining companies operating in the DRC. Zambia, a major supplier of… Read More Here
Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million 27 International Battery Metals Corporate News Lithium 

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

Constance
Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed Tyranna Resources has agreed to sell its interest in the Namibe lithium and caesium project in southern Angola to Sinomine Resource Group for $1.44 million, allowing the company to focus on new exploration opportunities in Angola. The transaction involves the sale of Tyranna subsidiary Angolan Minerals’ 90% interest in AM Mauritius, the holding company for the Namibe project, to Sinomine Resource (Guangdong Hengqin) Supply Chain Co, a subsidiary of Sinomine Resource Group. The deal remains… Read More Here
De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset 28 International Corporate News Diamond 

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

Constance
De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of a broader effort to strengthen relationships with key customers amid challenging market conditions. The diamond… Read More Here
Prospect Resources Advances Mumbezhi Copper Exploration as Drilling Expands Resource Potential 29 Mining in Zambia Corporate News Drilling Exploration New Mining Projects 

Prospect Resources Advances Mumbezhi Copper Exploration as Drilling Expands Resource Potential

Constance
Prospect Resources Reports Progress at Zambia’s Mumbezhi Copper Project as Drilling Targets New Deposits Australian-listed Prospect Resources says its Phase 3 exploration programme at the Mumbezhi copper project in Zambia is progressing on schedule and within budget, with drilling activities continuing to identify potential extensions to existing mineral resources. The company reported that approximately 20% of planned diamond drilling and 35% of the budgeted aircore drilling programme have been completed. At the flagship Nyungu Central deposit, diamond drilling has focused on the southern section, where ten resource extension holes have… Read More Here
Bank of Zambia Highlights Importance of Foreign Reserves for Economic Stability 30 Mining in Zambia Economy 

Bank of Zambia Highlights Importance of Foreign Reserves for Economic Stability

Constance
Zambia Central Bank Says Strong Foreign Reserves Are Key to Managing Economic Shocks and Inflation Bank of Zambia Governor Dr. Denny Kalyalya has emphasised the importance of maintaining strong foreign reserves, saying they provide a financial cushion during periods of economic uncertainty. Speaking during a media tour at the Zambia International Trade Fair in Ndola, Dr. Kalyalya said foreign reserves help the country respond to major shocks, including natural disasters, health emergencies and global disruptions that affect supply chains. He explained that adequate reserves allow Zambia to continue importing essential… Read More Here
Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network 31 Mining in Zambia Transport and Logistics 

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

Constance
Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic Growth Zambia is advancing plans to modernise the TAZARA railway corridor, with President Hakainde Hichilema highlighting the importance of upgrading the route to support trade, transport efficiency and economic growth. Speaking at the TAZARA train station in Kapiri Mposhi, President Hichilema said the government is committed to improving the railway, which provides a strategic link between Zambia and the port of Dar es Salaam in Tanzania. The planned rehabilitation of the railway line, estimated at… Read More Here
DRC Gold Trading Expands National Footprint with Planned North Ubangi Branch 32 Mining in DRC Economy Gold 

DRC Gold Trading Expands National Footprint with Planned North Ubangi Branch

Constance
DRC Gold Trading Plans North Ubangi Expansion to Strengthen Artisanal Gold Supply Network DRC Gold Trading S.A. plans to establish a new branch in North Ubangi Province as part of its strategy to expand its network for the collection, trading and export of artisanal gold. The company’s Chief Executive Officer, Joseph Kazibaziba Maombi, said North Ubangi is among the next locations targeted for expansion, although no opening date has been announced. The planned branch follows the company’s recent efforts to strengthen its presence across the Democratic Republic of Congo. DRC… Read More Here

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