Breaking News
Zambia Saves 56MW with EU-Backed Energy Efficiency Programme 1 Mining in Zambia Electricity 

Zambia Saves 56MW with EU-Backed Energy Efficiency Programme

Constance
Zambia has successfully conserved 56 megawatts (MW) of electricity—the equivalent output of a large power plant—through the European Union-funded Zambia Energy Efficiency and Sustainable Transformation (ZEEST) programme, all without building new power generation infrastructure. During a recent tour of Ndola Teaching Hospital, Ministry of Energy Permanent Secretary for Electricity, Mr. Arnold Simwaba, described ZEEST as a transformative initiative that aligns with the country’s energy efficiency and climate resilience goals. “Through strategic partnerships and targeted interventions, ZEEST has shown that we can achieve the same impact as building a new power… Read More Here
World Bank Commits $1 Billion to Revive DRC’s Inga III Hydropower Megaproject 2 Mining in DRC Hydro power plant 

World Bank Commits $1 Billion to Revive DRC’s Inga III Hydropower Megaproject

Constance
The World Bank has pledged $1 billion to help revive the long-delayed Inga III hydropower project in the Democratic Republic of Congo (DRC), a crucial phase of the Grand Inga complex, which holds the potential to become the world’s largest hydropower facility. As an initial step, $250 million will be disbursed to fund technical studies, reform the state-owned electricity utility, foster economic development, and attract private investment. Once completed, Inga III could generate up to 11,000 megawatts (MW) of electricity—more than triple the DRC’s current power capacity—at an estimated cost… Read More Here
Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million 3 Mining in DRC Corporate News 

Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million

Constance
Tremont Master Holdings (TMH), the majority shareholder of U.S.-based Alphamin Resources Corp., has entered into a definitive agreement to sell 718,990,967 common shares—representing approximately 56% of Alphamin’s outstanding shares—to Abu Dhabi-based International Resource Holdings (IRH). The transaction is valued at C$503.3 million (US$367 million), based on a price of C$0.70 per share, subject to certain closing adjustments. Alphamin announced the agreement in a press release issued on Thursday, June 5, 2025. The full terms of the transaction were initially outlined in a joint press release by TMH and IRH dated… Read More Here
DRC Advances Toward Local Mineral Refining with First Copper and Cobalt Refinery Project 4 Mining in DRC Cobalt Copper 

DRC Advances Toward Local Mineral Refining with First Copper and Cobalt Refinery Project

Constance
The Democratic Republic of Congo (DRC) is preparing to halt the export of raw minerals, marking a significant step toward reducing its reliance on foreign processing and strengthening its industrial base. This development aligns with the government’s broader strategy for national economic growth and resource sovereignty. This initiative was highlighted during a meeting held on Thursday, June 5, 2025, between Minister of Foreign Trade Julien Paluku and Eddy Kioni, Director of Buenassa, a 100% Congolese-owned company spearheading the country’s first copper and cobalt refinery project. Minister Paluku commended the progress… Read More Here
Kibali Gold Dominates DRC Gold Production Despite Regional Instability 5 Mining in DRC Corporate News Gold 

Kibali Gold Dominates DRC Gold Production Despite Regional Instability

Constance
According to statistics from the Technical Unit for Coordination and Mining Planning (CTCPM) under the Ministry of Mines, Kibali Gold, a leading industrial gold mining company based in the Haut-Uele province of the Democratic Republic of Congo (DRC), produced 5,865.62 kilograms of gold between January and March 2025. This output represents 99.5% of the country’s total industrial gold production during that period. Kibali Gold significantly outperformed its competitors. MCCR recorded just 18.65 kg (0.3%), followed by Kimia Mining Investment with 4.88 kg (0.083%) and Sokomo (Ding Cheng) with 4.62 kg… Read More Here
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share 6 Diamond Corporate News Mining in DRC 

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Constance
Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining 9,543.63 carats—just 3%—were produced by Minière de Bakwanga (MIBA), highlighting the growing disparity between the… Read More Here
Boss Mining Calls for Action Amid Ongoing Looting and Armed Violence at Lualaba Site 7 Mining in DRC Corporate social responsibility 

Boss Mining Calls for Action Amid Ongoing Looting and Armed Violence at Lualaba Site

Constance
Boss Mining, a joint venture between Eurasian Resources Group (ERG) and state-owned Gécamines, has issued a strong condemnation of continued looting and violence at its mining operations in Lualaba, Greater Katanga. In a statement released on Thursday, June 5, 2025, the company revealed that since 2024, more than 200 trucks have been leaving its site daily with illicit shipments of copper and cobalt valued at approximately $1.8 million per day. . This unchecked activity, the company stated, has deprived the Congolese government of hundreds of millions of dollars in tax… Read More Here
ZCCM-IH Invests $50 Million in Landmark Phosphate Project to Boost Zambia’s Self-Sufficiency 8 Mining in Zambia New Mining Projects 

ZCCM-IH Invests $50 Million in Landmark Phosphate Project to Boost Zambia’s Self-Sufficiency

Constance
Zambia Consolidated Copper Mines – Industrial Holdings (ZCCM-IH) has committed $50 million to a pioneering phosphate production project aimed at reducing Zambia’s reliance on imports and diversifying the nation’s mineral portfolio beyond copper. The initiative will see the development of a mono ammonium phosphate (MAP) plant with an annual production capacity of 300,000 metric tons, alongside 750,000 metric tons of gypsum produced as a byproduct. The plant will be the first of its kind in Southern Africa. ZCCM-IH Corporate Affairs Manager, Loisa Mbatha, described the project as a game-changer during… Read More Here
Govt and Zambia Chamber of Mines Reach Agreement on Local Content Regulations 9 Mining in Zambia Economy 

Govt and Zambia Chamber of Mines Reach Agreement on Local Content Regulations

Constance
The Ministry of Mines and Minerals Development and the Zambia Chamber of Mines have reached an important agreement on the draft Statutory Instrument (SI) concerning Local Content in the mining sector. The two parties have agreed that the draft SI will now move to the next stage of development, following a series of amendments discussed and accepted during a meeting held in Lusaka earlier today. In a joint statement signed by Zambia Chamber of Mines President Anthony Malenga and Ministry of Mines Permanent Secretary Hapenga Kabeta, both sides expressed satisfaction… Read More Here
Kansanshi S3 Launch Set for August as FQM Nears Completion of the $1.25 Billion Expansion 10 Mining in Zambia Copper Corporate News New Mining Projects 

Kansanshi S3 Launch Set for August as FQM Nears Completion of the $1.25 Billion Expansion

Constance
First Quantum Minerals (FQM) has reached a significant milestone in the development of its US$1.25 billion Kansanshi S3 Expansion Project in Solwezi, North-Western Province. Now 92% complete, the massive upgrade is on track for commissioning by August this year—marking a major milestone for one of Zambia’s most significant copper operations. August 2025 will mark three years since FQM announced its bold commitment to expand the Kansanshi Mining operations—already among Zambia’s largest copper producers. At the same time, the company pledged an additional US$100 million toward bringing the Enterprise Nickel Project… Read More Here

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