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DRC United States Mining Deal to Finance 58 Billion USD Infrastructure Plan 1 Mining in DRC Economy Infrastructural Development 

DRC United States Mining Deal to Finance 58 Billion USD Infrastructure Plan

Constance
The Democratic Republic of Congo (DRC) has unveiled a $58 billion master plan aimed at rebuilding and modernizing its critical infrastructure, as part of a broader $500 billion mega-partnership announced with the United States. The plan was presented on Tuesday, May 27, 2025, by Minister of Foreign Trade Julien Paluku during a high-level discussion on national investment priorities. “I am proposing a structured master plan worth $58 billion, focusing on priority projects such as national, provincial, and agricultural roads,” said Paluku. The Minister emphasized that targeted investments in key sectors… Read More Here
President Hichilema Reopens Lubambe Mine Under Chinese Ownership 2 Mining in Zambia Copper New Mining Projects 

President Hichilema Reopens Lubambe Mine Under Chinese Ownership

Constance
CHILILABOMBWE, ZAMBIA – President Hakainde Hichilema has officially re-launched operations at Lubambe Copper Mine Limited in Chililabombwe, under the new ownership of Chinese firm JCHX Mining Limited, marking a new chapter in Zambia’s mining revival and strategic partnership with China. Speaking during a ceremony held at the mine, President Hichilema highlighted the tangible benefits emerging from Zambia’s strengthened cooperation with China, citing ongoing developments such as the 28 Shaft project in Luanshya, the revitalization of Mulungushi Textiles in Kabwe, and the significant investment in sinking two new shafts at Lubambe.… Read More Here
DRC Urged to Shift Focus from Mining to Agriculture for Inclusive Growth 3 Mining in DRC Economy 

DRC Urged to Shift Focus from Mining to Agriculture for Inclusive Growth

Constance
KINSHASA – During a special briefing held on Tuesday, May 27, 2025, in Kinshasa, the Democratic Republic of Congo’s Minister of Foreign Trade, Julien Paluku Kahongya, called for a strategic shift from the mining sector to agriculture, arguing that mining has failed to translate into improved household incomes. Paluku emphasized that despite the country’s vast mineral exports, particularly cobalt and copper, the economic benefits have not reached ordinary citizens. “For some time now, our foreign trade has been underperforming. We realize that the DRC has not truly benefited from the… Read More Here
Cobre Panama Mine to Remain Shut as Govt Backs Safety Plan Only 4 Copper Corporate News International Mining safety 

Cobre Panama Mine to Remain Shut as Govt Backs Safety Plan Only

Constance
PANAMA CITY – The Panamanian government has approved a maintenance and environmental management plan for First Quantum Minerals’ shuttered Cobre Panama copper mine, but emphasized that the mine will not be reopened at this time, Trade and Industry Minister Julio Molto announced on Friday. Molto clarified that the approved plan focuses solely on care and environmental safety measures required following the mine’s abrupt closure by government order in late 2023, under the previous administration. “The mine is not being reopened. We’re authorizing the implementation of a care and safe management… Read More Here
New US-Zambia Copper-Cobalt Venture Launched with $100M Investment 5 Mining in Zambia Battery Metals Cobalt Copper New Mining Projects 

New US-Zambia Copper-Cobalt Venture Launched with $100M Investment

Constance
US-based critical minerals developer Terra Metals and resource investment firm Metalex Commodities have finalized an agreement to establish Lunda Resources, a new copper and cobalt production venture in Zambia that both companies describe as a potential “powerhouse” in the global critical minerals market. A formal signing ceremony is set to take place at the US Embassy in Lusaka, underscoring the initiative’s alignment with US government priorities on securing critical mineral supply chains. In a statement released Wednesday, Terra Metals said the agreement represents a significant diplomatic and commercial milestone for… Read More Here
Rio Tinto CEO Jakob Stausholm Steps Down Amid Cost Control Tensions 6 International Corporate News Mining Personality 

Rio Tinto CEO Jakob Stausholm Steps Down Amid Cost Control Tensions

Constance
Rio Tinto and CEO Jakob Stausholm have agreed to part ways, following growing tensions over his reluctance to align with board priorities—particularly around cost control—despite recent expansions in lithium, copper, and iron ore, according to three sources familiar with the matter. The world’s second-largest listed mining company surprised investors last week by announcing Stausholm’s departure, stating he would remain in his role until a successor is appointed. No official reason was given, and sources confirmed the decision was not linked to any scandal. Stausholm had shown no signs of stepping… Read More Here
Glencore Taps Russian Copper to Ease Supply Crunch in China 7 International Copper Corporate News 

Glencore Taps Russian Copper to Ease Supply Crunch in China

Constance
Glencore Plc is purchasing Russian copper from the London Metal Exchange (LME) and preparing to ship it to China, underscoring tightening supply conditions in the world’s largest copper-consuming nation. Over the past three trading sessions, about 15,000 tons of copper have been requested for withdrawal from LME warehouses in Rotterdam, drawing available inventories to their lowest level in a year, according to exchange data. People familiar with the matter say Glencore is behind these withdrawals and intends to deliver the Russian-origin copper to China. This move is notable given the… Read More Here
CEC Becomes First LuSE-Listed Company to Surpass $1 Billion Market Capitalisation 8 Mining in Zambia Energy 

CEC Becomes First LuSE-Listed Company to Surpass $1 Billion Market Capitalisation

Constance
The Copperbelt Energy Corporation (CEC) has made history by becoming the first company listed on the Lusaka Securities Exchange (LuSE) to achieve a market capitalisation exceeding US$1 billion — a landmark moment for both Zambia’s capital markets and the energy sector. The milestone was announced by Verona Nkolola, CEC’s Head of Corporate Communications and Investor Relations, following a 6.19% increase in the company’s share price, which rose from K16.65 to K17.68 on May 22, 2025. The surge propelled CEC’s valuation beyond the billion-dollar mark. “This historic achievement reflects strong investor… Read More Here
President Hichilema to Recommission Deep Shaft at Lubambe Mine Amid Renewed Mining Sector Growth 9 Mining in Zambia Copper New Mining Projects 

President Hichilema to Recommission Deep Shaft at Lubambe Mine Amid Renewed Mining Sector Growth

Constance
President Hakainde Hichilema is set to recommission the deep shaft at Lubambe Mine in Chililabombwe, located in Zambia’s Copperbelt Province, on Friday. The announcement was made by Chief Government Spokesperson Cornelius Mweetwa during a press conference held in Choma on Thursday. “On Friday, the President will officiate at the recommissioning of the Lubambe deep shaft, where two deep shafts are either being commissioned or prepared for construction,” said Mr. Mweetwa. He added that this development reflects the positive impact of recent economic growth and a renewed commitment from the business… Read More Here
Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia 10 Mining in Zambia Copper Corporate News 

Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia

Constance
Diversified metals producer Jubilee Metals has signed a long-term feedstock supply agreement for its Roan concentrator in Zambia, following successful processing trials of high-grade shallow transition copper ore. Production under the new supply deal has already commenced. “This eight-week trial period has confirmed Roan’s unique ability to process transitional copper reefs, which are widely available both at surface and near-surface levels,” said Jubilee Metals CEO Leon Coetzer. Under the agreement, the Roan concentrator will sustain a run-of-mine (ROM) throughput of 35,000 to 40,000 tons per month, producing 240 to 360… Read More Here

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