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SADC Launches Lobito Corridor Transit Secretariat to Boost Regional Trade and Infrastructure 20

The Southern African Development Community (SADC) Secretariat, in partnership with the three Lobito Corridor Member States, has officially launched the Lobito Corridor Transit Transport Interim Secretariat Headquarters in Lobito, Angola. This announcement follows the 2nd Lobito Corridor Committee of Ministers meeting held on January 22, 2025. At the meeting, Honourable Ricardo Viegas de Abreu, Minister of Transport for Angola, emphasized the strategic role of the Lobito Corridor in promoting intra-African trade and enhancing Africa’s competitiveness in the global market. He explained that planned infrastructure developments would reduce transit times and… Read More Here

Mining in DRC Hydro power plant

Grand Inga Dam Project Faces Major Delays Despite Huge Potential for Africa’s Energy Future

January 27, 2025January 27, 2025 Constance

Plans to build the Grand Inga Dam on the Congo River, a colossal hydroelectric project that could provide renewable energy for much of Africa, continue to face significant challenges. The proposed dam, located in the Democratic Republic of Congo (DRC), aims to generate twice the power of China’s Three Gorges Dam, making it the world’s largest hydroelectric plant. However, despite its potential, the project remains in limbo. Originally envisioned as a transformative development, the Grand Inga Dam has attracted both international investors and governments. However, decades after its inception, construction… Read More Here

Mining in DRC Regional conflict

Tensions Between Rwanda and DRC Escalate Amid Ongoing M23 Conflict

January 27, 2025January 27, 2025 Constance

Diplomatic relations between Rwanda and the Democratic Republic of the Congo (DRC) took a sharp turn this past weekend, as the DRC recalled its embassy staff from Kigali amidst escalating tensions linked to the ongoing conflict involving the March 23 Movement (M23) rebels. In a statement released on Saturday, the DRC’s Ministry of Foreign Affairs announced the decision to withdraw its diplomats from Rwanda, citing growing concerns over the situation. The statement also ordered the Rwandan embassy in Kinshasa to halt all diplomatic and consular activities within 48 hours. The… Read More Here

Mining in DRC Events & Expos

DRC Showcases Mining Potential at Future Minerals Forum 2025

January 27, 2025January 27, 2025 Constance

The Democratic Republic of Congo (DRC) made a significant presence at the 4th edition of the Future Minerals Forum (FMF) 2025, held from January 14 to 16 in Riyadh, Saudi Arabia. With a delegation led by the Deputy Chief of Staff of the Ministry of Mines, Mr. Marcellin Paluku, and including key figures such as Popol MABOLIA YENGA, Director General of the Mining Cadastre (CAMI), the DRC highlighted its strategic role in the global mining sector. The FMF, with over 20,000 participants from governments, businesses, investors, and research institutes, served… Read More Here

Mining in Zambia Copper Corporate News Press Release

Barrick’s Lumwana Mine Fuels Zambia’s Economic Growth With Major Expansion on the Horizon

January 27, 2025January 27, 2025 Constance

Lumwana Mine, Zambia – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reaffirmed its commitment to Zambia’s economic growth, contributing over $3.7 billion since 2019. In 2024 alone, Lumwana’s operations contributed $887 million to the economy through royalties, taxes, salaries and procurement of goods and services, solidifying its position as one of the nation’s top five taxpayers. Copper production for 2024 was within guidance, supported by investments in operator training and an upgraded ultra-class fleet. Lumwana remains a leader in advancing local content, with 72% of the $906 million spent on goods and services in… Read More Here

Mining in Zambia New Mining Projects

Tertiary Minerals Discovers Significant Silver and Cobalt Deposits at Mushima North in Zambia

January 26, 2025January 26, 2025 Constance

Shares in Tertiary Minerals PLC (AIM: TYM) surged 16% after the company announced the discovery of economically significant silver and cobalt mineralisation at its Mushima North Project in Zambia. The UK-based exploration and production company confirmed high-grade silver deposits, with drill results showing 59 metres grading 25 grams per tonne (g/t) silver, 0.2% copper, and 0.16% zinc. A higher-grade zone of 26 metres at 36g/t silver was also identified, while another drill hole ended in mineralisation grading 49g/t silver, indicating further potential. In addition to the silver, a second drill… Read More Here

Corporate News International

Zijin Mining Reports Record Profit but Adjusts Production Targets Amid Market Challenges

January 26, 2025January 26, 2025 Constance

Zijin Mining Group has posted a record net profit of 32 billion yuan (approximately $4.4 billion) for the year 2024, marking a 52% increase from the previous year. This impressive performance aligns the Chinese company with global commodities leader Glencore Plc, with rising gold prices and increased copper production being key contributors to its success. However, despite strong financial results, the company has lowered its copper production target by 6%, now aiming for 1.15 million tonnes. Additionally, Zijin has scaled back its lithium ambitions, reducing its 2025 production target by… Read More Here

International Corporate News Gold

Barrick Gold’s Twiga JV Drives Significant Economic Impact in Tanzania

January 26, 2025January 26, 2025 Constance

Barrick Gold has contributed over $4.24 billion to the Tanzanian economy since the inception of its Twiga joint venture (JV) with the government in 2019. In 2024 alone, its investment amounted to $888 million. Twiga encompasses the North Mara and Bulyanhulu gold mines. Barrick President and CEO Mark Bristow highlighted the ongoing success of the Twiga partnership, emphasizing its leadership in Tanzania’s extractive sector. The JV has created thousands of jobs, supported local businesses, and funded essential community projects. In 2023, Barrick spent $573 million on national suppliers and service… Read More Here

Mining in Zambia New Mining Projects Uranium

GoviEx Highlights Strong Economics and Low-Cost Potential for Muntanga Uranium Project in Zambia

January 26, 2025January 26, 2025 Constance

GoviEx Uranium, listed on the TSX-V, has announced robust feasibility study results for its Muntanga uranium project in Zambia. The study highlights the project’s low technical risk and confirms its potential as a shallow open-pit mine with a heap leaching operation. The feasibility study estimates an after-tax net present value (NPV) of $243 million, with an internal rate of return (IRR) of 20.8%, based on a triuranium octoxide (U3O8) price of $90 per pound. For every $5 increase in the U3O8 price, the NPV increases by $45 million. The project… Read More Here

Events & Expos

Mining Indaba 2025: Shaping a Resilient, Sustainable Future for African Mining

January 26, 2025January 26, 2025 Constance

The Investing in African Mining Indaba 2025 is adopting a forward-thinking approach to enhance the event by exploring new audience sectors, while embracing the shared responsibility to protect the planet for future generations, says Laura Nicholson, Head of Content and Strategic Partnerships at Hyve Group. Aligned with the theme “Future-Proofing African Mining, Today!,” the event aims to build resilience by incorporating experts and decision-makers to expand its audience and contribute to African mining’s long-term prosperity. This evolution mirrors the transformation of the mining industry, as Alex Khumalo from Minerals Council… Read More Here

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