Breaking News
Barrick International Gold New Mining Projects 

Barrick Gold’s Reserves Surge 23%, Boosted by Reko Diq Project

Constance
Barrick Gold Corporation’s proven and probable gold reserves increased by 23% to 17.4 million ounces by the end of 2024, driven by the addition of its Reko Diq copper-gold project, the company announced on Thursday. Following the completion of its feasibility study at Reko Diq, Barrick added 13 million ounces of gold to its probable reserves on an attributable basis. The company holds a 50% stake in the project, while the governments of Pakistan and Balochistan own the remaining share. Barrick considers Reko Diq one of the world’s largest undeveloped… Read More Here
Vedanta Seeks $1 Billion to Boost Konkola Copper Mines Production 1 Mining in Zambia Copper Corporate News 

Vedanta Seeks $1 Billion to Boost Konkola Copper Mines Production

Constance
Vedanta Resources is looking to raise approximately $1 billion in debt financing to develop Zambia’s Konkola Copper Mines (KCM), according to Chris Griffith, head of the company’s base metals division. While Vedanta previously considered selling at least 30% of its 80% stake in KCM, Griffith indicated that a sale now appears unlikely. “There is a much higher likelihood that we can raise the funds through various financing options,” he told Reuters on the sidelines of the Mining Indaba conference in Cape Town. “We own 80% of the business and clearly,… Read More Here
DRC Mines Minister Condemns Rwanda’s Resource Plundering at Indaba 2025 2 Mining in DRC Events & Expos 

DRC Mines Minister Condemns Rwanda’s Resource Plundering at Indaba 2025

Constance
Democratic Republic of Congo (DRC) Minister of Mines, Kizito Pakabomba, has denounced the systematic exploitation of the country’s mineral resources by Rwanda under the cover of the M23-AFC rebel group. Speaking on Sunday, February 2, at the annual Mining Indaba conference in Cape Town, South Africa, Pakabomba condemned Rwanda’s actions as an outright aggression against the DRC. “From the Indaba in Cape Town, we strongly denounce the plundering of our mineral resources by Rwanda, which is waging an unacceptable aggression against our country. Supporting collaboration between African nations also means… Read More Here
Finance Minister Musokotwane Highlights Surging Investor Interest at Indaba 2025 3 Mining in Zambia Economy Events & Expos 

Finance Minister Musokotwane Highlights Surging Investor Interest at Indaba 2025

Constance
Zambia has emerged as a key attraction for global investors at the ongoing Investing in African Mining Indaba in Cape Town. Finance and National Planning Minister Dr. Situmbeko Musokotwane stated that the country’s rich mineral resources have made the Zambian delegation one of the busiest at the event, with investors actively seeking opportunities in the mining sector. Dr. Musokotwane attributed this heightened interest to the New Dawn Government’s investor-friendly policies, as well as Zambia’s long-standing peace and stability. He highlighted that the government holds valuable mining assets that have drawn… Read More Here
Zambia’s IRL Partners with Barrick Gold to Boost Mining Exploration and Development 4 Mining in Zambia Corporate News Exploration New Mining Projects 

Zambia’s IRL Partners with Barrick Gold to Boost Mining Exploration and Development

Constance
Industrial Resources Limited (IRL), a subsidiary of Zambia’s Industrial Development Corporation (IDC), has partnered with Barrick Gold Corporation, a global mining leader, to advance exploration and development in Zambia’s mining sector. This strategic collaboration aims to unlock Zambia’s rich mineral potential, support the country’s mining growth targets, and drive economic development. The initiative aligns with Zambia’s broader vision to expand its mining sector, targeting an annual copper production of three million metric tons over the next decade. By combining IRL’s strong local expertise with Barrick’s world-class mining capabilities, the partnership… Read More Here
Afreximbank Calls for Africa to Maximize Mineral Wealth Through Value Addition 5 Events & Expos 

Afreximbank Calls for Africa to Maximize Mineral Wealth Through Value Addition

Constance
The African Export-Import Bank (Afreximbank) has called on Africa’s mining industry to take decisive steps to retain and maximize the value of its vast mineral resources. Speaking at the African Mining Indaba 2025 in Cape Town, Afreximbank Senior Executive Vice President Denys Denya emphasized the urgency of transforming Africa from a raw material exporter into an industrial powerhouse. Denya pointed out the stark imbalance in the global mining economy, noting that despite the industry generating approximately $1.7 trillion in revenue in 2023, Africa’s share remains disproportionately low. “Our continent extracts… Read More Here
FQM STANDS WITH GOVERNMENT TO SHAPE THE NEW GLOBAL MINING LANDSCAPE  6 Mining in Zambia Corporate News Events & Expos 

FQM STANDS WITH GOVERNMENT TO SHAPE THE NEW GLOBAL MINING LANDSCAPE 

Constance
CAPE TOWN, SOUTH AFRICA – First Quantum Minerals (FQM) joined mining industry leaders from around the globe in Cape Town last week to reinforce its commitment to Zambia and support the government’s vision of producing 3 million tonnes of copper a year. FQM Director of Corporate Affairs John Gladston shared the platform at the Investing in African Mining Indaba in South Africa with Minister of Mines and Minerals Development Hon. Paul Kabuswe, Zanaco chief executive Mukwandi Chibesakunda and Copperbelt Energy Corporation chief executive Mutale Mukuka. The panel was moderated by… Read More Here
Civil Society Condemns Large-Scale Illegal Mining by Chinese Firms in Ituri 7 Mining in DRC Artisanal mining 

Civil Society Condemns Large-Scale Illegal Mining by Chinese Firms in Ituri

Constance
Civil society in Ituri province, northeastern Democratic Republic of Congo (DRC), has condemned the large-scale illegal exploitation of minerals by Chinese companies operating in Mambasa territory. In an interview on Monday, February 3, 2025, Dieudonné Lossa Dhekana, a civil society coordinator, criticized the illicit activities and highlighted the violation of Congolese mining laws. According to Dhekana, these Chinese firms exploit minerals through cooperatives—an approach that contradicts Congolese law, which prohibits foreign entities from operating through such structures. He expressed concern over the scale of the exploitation and the lack of… Read More Here
KCM Partners with ZAMM-IMPORTS for Road Rehabilitation in Chingola and Chililabombwe 8 Mining in Zambia Corporate News Infrastructural Development 

KCM Partners with ZAMM-IMPORTS for Road Rehabilitation in Chingola and Chililabombwe

Constance
Konkola Copper Mines (KCM) has entered into a strategic partnership with ZAMM-IMPORTS to supply construction materials for a major road rehabilitation project in Chililabombwe and Chingola. This initiative, part of KCM’s Corporate Social Responsibility (CSR) program, aims to enhance critical road infrastructure in the two districts. Under the agreement, KCM will provide ZAMM-IMPORTS with sand and crushed stones at a minimal cost for the next two years. These materials will be used to rehabilitate a 20-kilometre stretch of roads, improving connectivity and accessibility for local communities. During the signing ceremony… Read More Here
Prime Minister Judith Suminwa Urges Responsible Mining at African Mining Indaba 9 Mining in DRC Events & Expos Governance 

Prime Minister Judith Suminwa Urges Responsible Mining at African Mining Indaba

Constance
On Monday, January 3, Judith Suminwa, the head of the Congolese government, participated in the opening of the 31st edition of the Investing in African Mining Indaba, held virtually from Cape Town, South Africa. This year’s forum, with the theme “Preparing the Future of the Mining Industry Today,” brought together industry leaders and stakeholders from across the globe. In her address, Prime Minister Suminwa emphasized the importance of responsible mining, stating, “Mining must be a lever for sustainable development, not a burden for future generations.” She urged African leaders to… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.