Copperbelt Katanga Mining - Page 180 of 3421 - African Copperbelt's Top Mining News

Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length 1

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced at the 34th annual Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, an update on the expansive 2024 drill campaign, as well as the 2025 exploration budget on the company’s 60%- to 100%-owned Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). Western Forelands’ 2024 drilling program was Ivanhoe’s largest to date, with over 80,000 metres of diamond drilling completed. Drilling was predominantly focused on a potential western extension along strike… Read More Here

Transport and Logistics International

Angolan Minister Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding

February 25, 2025February 25, 2025 Constance

Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President Donald Trump had only placed on hold certain initiatives by American aid agencies, particularly USAID,… Read More Here

Mining in Zambia Gemstones

Gemfields Sees Improved Demand in Mini Auction for Unsold Kagem Emeralds

February 25, 2025February 25, 2025 Constance

Gemfields recently held a mini auction to sell emeralds from its Kagem mine in Zambia, which remained unsold from a previous sale due to competition from another producer offering similar goods at lower prices. Between February 19 and 21, the company generated $4.8 million from the sale of 45,864 carats, it announced on Monday. Of the 13 lots offered, 10 were sold, achieving an average price of $105 per carat. In November, Gemfields had put 43 lots up for sale but managed to sell only 30, marking its weakest emerald… Read More Here

Mining in DRC Exploration New Mining Projects

DRC Leads Africa in Mineral Exploration with $130.7 Million Attracted in 2024

February 25, 2025February 25, 2025 admin

Mining companies invested $130.7 million in exploration in the Democratic Republic of Congo (DRC) in 2024, according to a report by S&P Global Market Intelligence published on February 21, 2025. This amount represents 10% of the $1.3 billion invested in Africa that year, making the DRC the continent’s leader. These investments are unevenly distributed, with copper dominating, absorbing $71.5 million. Thanks to this performance, the DRC ranked 9th globally, slightly ahead of its African competitor, Zambia, the continent’s second-largest copper producer, which attracted $65.5 million in 2024. In the cobalt… Read More Here

Mining in DRC About Company Corporate News New Mining Projects

Ivanhoe Mines and Kamoa Copper Announces Key Appointments

February 24, 2025February 24, 2025 admin

Ivanhoe Mines Executive Co-Chair Robert Friedland announced today at the BMO Global Metals, Mining & Critical Minerals Conference key appointments to strengthen the Executive Leadership Teams of Ivanhoe Mines and the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC). Marna Cloete, currently President of Ivanhoe Mines, has been appointed as President & Chief Executive Officer, reflecting nearly two decades of experience in building the Company to become a major, diversified metals producer. At the Kamoa Copper Joint Venture, Annebel Oosthuizen has been appointed as Managing Director, replacing… Read More Here

Mining in DRC Cobalt Corporate News

Glencore Estimates $72 Billion in Reserves at Mutanda Mine in DRC

February 23, 2025February 23, 2025 Constance

In its 2024 report on reserves and resources, Swiss multinational Glencore, which specializes in the extraction and marketing of raw materials, provided projections suggesting that the Mutanda mine, located 40 kilometers from Kolwezi in the Democratic Republic of Congo (DRC), has measured copper and cobalt reserves valued at $72 billion. In the mining sector, potential resource assessments classify sites into three categories: measured reserves, which are highly reliable; indicated reserves, which are considered reliable but require further confirmation; and inferred reserves, which are less certain. Regarding Mutanda, Glencore’s latest report… Read More Here

Mining in Zambia Copper

Zambia Police Pledge Support to First Quantum Minerals in Kalumbila

February 23, 2025February 23, 2025 Constance

The North-Western Division of the Zambia Police has pledged continued support for First Quantum Minerals Limited (FQML) and its mining investments. This commitment was made during a courtesy visit to FQML’s operations in Kalumbila at the FQM Trident Limited site, which includes the Sentinel Copper and Enterprise Nickel Mines. The delegation, led by newly appointed Commissioner of Police Paul Achiume, included Deputy Commissioner Desmond Mwanza and Senior Assistant Commissioner Kennedy Mumbi. The visit aimed to familiarize the team with the operations of the mines. Upon arrival, the team was welcomed… Read More Here

Electricity

Lake Kariba Water Levels Remain Low, Highlighting Power Generation Challenges in Zimbabwe

February 23, 2025February 23, 2025 Constance

Water levels at Lake Kariba have been gradually rising due to the ongoing rainy season, raising hopes for improved hydropower generation later this year. However, the current levels remain significantly lower than those of the same period last year, according to the latest data from the Zambezi River Authority (ZRA). As of Monday, the water level stood at 476.41 meters, compared to 477.84 meters at the same time last year. The Kariba Dam operates within a water level range of 475.50 meters to 488.50 meters, with usable live storage—critical for… Read More Here

Mining in DRC Economy

DRC Finance Minister Discusses Economic Stability with IMF Managing Director

February 23, 2025February 23, 2025 Constance

On February 19, 2025, DRC Finance Minister Doudou Fwamba Likunde Li-Botayi met with IMF Managing Director Kristalina Georgieva to discuss the implementation of the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. This meeting, held amid rising tensions in the country’s east, underscores the close link between economic progress and national stability. Minister Li-Botayi acknowledged the ongoing security and humanitarian challenges in the East but reiterated the Congolese Government’s commitment to structural reforms. These reforms focus on strengthening fiscal discipline and enhancing transparency in public finances, which… Read More Here

Mining in Zambia Electricity

ZESCO Signs Power Purchase Agreements with IPPs to Boost Solar Capacity

February 23, 2025February 23, 2025 Constance

ZESCO, Zambia’s state-owned electricity company, has signed Power Purchase Agreements (PPAs) with 28 Independent Power Producers (IPPs) under the Micro-Generator Scheme and the Presidential Solar Initiative. The agreements will add 270 megawatts (MW) of solar power to the national grid. At the signing ceremony, Energy Minister Hon. Makozo Chikote emphasized the government’s commitment to development, stating, “Under President Hakainde Hichilema’s leadership, we are delivering development, not just talking about it. This initiative will power industries, create jobs, and drive economic growth, showing that the UPND government is serious about transforming… Read More Here

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