Copperbelt Katanga Mining - Page 191 of 3421 - African Copperbelt's Top Mining News

B2Gold Moves Forward with $10 Million Investment in Mali’s Fekola Gold Complex After Settlement 20

Canadian miner B2Gold has announced plans to invest $10 million in exploration at its Fekola gold complex in Mali this year, following a settlement with the Malian government over its new mining code that reduces the risk of disruption. In August 2023, Mali introduced a revised mining code, similar to those enacted by other military-led governments in West Africa. The new code increases the state’s share of mining revenues and removes tax exemptions for mining companies. B2Gold was one of the first companies to reach an agreement with Mali over… Read More Here

Mining in DRC Regional conflict

M23 Rebellion’s Rise Fuels Surge in Illicit Mining Revenues in Eastern Congo

January 31, 2025January 31, 2025 Constance

The M23 rebellion in the Democratic Republic of Congo (DRC) has accelerated its illegal mining activities, with analysts predicting an increase in illicit trade of minerals like coltan and gold, which are smuggled through neighboring Rwanda. This week, the Rwanda-backed insurgency made significant strides by capturing Goma, the largest city in eastern DRC, marking a pivotal moment in a conflict with government forces that has raised concerns about the potential for regional instability. While Rwanda denies supporting the rebels, analysts have pointed to the M23 group’s reliance on revenue from… Read More Here

Mining in DRC Regional conflict

Alphamin Resources Shares Drop Amid Goma Conflict in DRC

January 31, 2025February 3, 2025 Constance

Alphamin Resources’ stock dropped by 9.4%, its steepest decline in nine years, after Rwanda-backed rebels seized Goma, the capital of North Kivu province in the DRC, where the company’s tin mines are located. Earlier, shares had plunged by as much as a third before recovering. M23 rebels, having advanced rapidly, now patrol Goma, a key trading hub for DRC mineral exports to Rwanda. However, Alphamin’s tin, sourced from mines located about 120 miles west of the city, is sent northeast to Uganda, not through Goma. CEO Maritz Smith declined to… Read More Here

Mining in DRC Corporate News Gold

Kibali Gold Mine Achieves Record Performance and Strengthens Sustainability Efforts

January 31, 2025January 31, 2025 Constance

Barrick Gold Corp, headquartered in Canada, reports that its joint venture Kibali Gold Mine in the Democratic Republic of Congo achieved improved performance during the last quarter of 2024, culminating in its highest annual throughput since the mine’s commissioning. This milestone highlights the mine’s ongoing commitment to operational excellence and its ability to deliver strong results, according to the company. Sebastiaan Bock, Barrick Africa and Middle East COO, noted, “Despite facing challenges in 2024, including leadership changes and a necessary reset, Kibali has proven itself to be a reliable, low-cost… Read More Here

International Corporate News

Glencore Reports Decline in Copper, Cobalt, Zinc, Nickel, and Thermal Coal Output for 2024

January 31, 2025January 31, 2025 Constance

Glencore reported lower production of copper, cobalt, zinc, nickel, and thermal coal in 2024, aligning with its guidance. The company produced 951,600 metric tons of copper, a 6% decline from 1.01 million tons in 2023, reaching the lower end of its forecasted range of 950,000 to 1.01 million tons. Copper, essential for electric vehicle wiring, batteries, renewable energy infrastructure, and data centers, faces increasing supply constraints due to declining ore grades and rising demand driven by the energy transition. Glencore will release its 2025 production guidance alongside its annual financial… Read More Here

Mining in Zambia Exploration New Mining Projects

FQM DRIVES ZAMBIAN MINING GROWTH WITH LANDMARK COPPERBELT GEOLOGICAL SURVEY

January 28, 2025January 28, 2025 Constance

LUSAKA, ZAMBIA – Recognising the vast untapped potential of the Copperbelt Province, First Quantum Minerals (FQM) has handed over a ground-breaking aerial geological survey of the Copperbelt to the Zambian government. The survey, entirely funded by FQM, addresses the lack of comprehensive documentation of the region’s mineral wealth, despite over a century of mining operations. Now complete, the survey has been officially handed-over to Zambia’s Minister of Mines and Mineral Development during a ceremony hosted by His Excellency President Hakainde Hichilema. The airborne geophysical data, which is available through the… Read More Here

Mining in Zambia Infrastructural Development

Lusaka-Ndola Dual Carriageway to Assess Long-Term Concession Viability in Developing Economies

January 27, 2025January 27, 2025 Constance

The Lusaka-Ndola dual carriageway project, a 327-kilometre road linking Lusaka with Ndola, will serve as a key test for the viability of long-term concessions in developing economies, according to Vicente Valencia, a Public-Private Development (PPD) specialist. With a total cost of US$650 million, the project has a 25-year concession period, consisting of three years for construction and 22 years for operation. Valencia emphasized that the success of this ambitious project hinges on factors such as toll affordability and traffic volume, which are critical to its long-term sustainability. Valencia highlighted the… Read More Here

Mining in DRC Regional conflict

DRC Foreign Minister Urges International Action Against Rwanda’s Support for M23 at UN Security Council

January 27, 2025January 27, 2025 Constance

During an emergency session of the UN Security Council on Sunday, January 27, 2025, Thérèse Kayikwamba Wagner, the Minister of Foreign Affairs for the Democratic Republic of Congo (DRC), strongly condemned what she described as a “systematic and coordinated strategy” orchestrated by Rwanda, involving its support for the M23 terrorist group. The escalating violence in eastern DRC, including attacks on civilians and peacekeepers, has prompted global powers to respond, emphasizing the far-reaching geopolitical and economic consequences of the crisis. Russia, represented by Vasily Nebenzia, called for an immediate halt to… Read More Here

Mining in Zambia Electricity Energy Events & Expos

President Hichilema Focuses on Solar Energy and Electricity Solutions at Africa Energy Summit

January 27, 2025January 27, 2025 Constance

President Hakainde Hichilema has stated that Zambia is on track to addressing its electricity challenges. He emphasized that the government is working diligently to reduce reliance on hydropower by investing in solar energy. While drought poses a challenge, President Hichilema views it as an opportunity to redirect resources into investments like electricity. He made these comments to journalists at the Zambia Air Force Base, Kenneth Kaunda International Airport, before departing for Tanzania to attend the 300 Africa Energy Summit in Dar es Salaam on January 28, 2025. The summit, he… Read More Here

Mining in Zambia Economy Electricity

World Bank Approves $292 Million for Zambia-Tanzania Power Interconnector

January 27, 2025January 27, 2025 Constance

The World Bank has approved a $292 million grant to support the Zambia-Tanzania Interconnector Project (ZTIP), designed to tackle key challenges in the energy sector and enhance regional power transmission. Of the total financing, $245 million comes from the World Bank’s International Development Association (IDA), with additional funding from the UK’s Foreign, Commonwealth, and Development Office (FCDO), contributing $17 million, and $30 million from the European Union. Achim Fock, World Bank Country Manager for Zambia, emphasized the project’s importance in addressing Zambia’s significant energy sector challenges. He pointed out that… Read More Here

CKM Digital Platforms

With Over 172,000 followers on LinkedIn and over 96,000 CKM Newsletter subscribers