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Zambia and DRC to Clear 500 Trucks Daily to Ease Kasumbalesa Border Congestion 17 Mining in DRC Mining in Zambia Transport and Logistics 

Zambia and DRC to Clear 500 Trucks Daily to Ease Kasumbalesa Border Congestion

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Zambia and the Democratic Republic of Congo (DRC) have agreed to allow the clearance of at least 500 trucks per day to address the congestion at the Kasumbalesa border on the Copperbelt. This decision comes in response to the over 3,000 trucks marooned on the Zambian side of the border. Katanga Governor Jacques Katwe announced that another measure to alleviate the situation is extending the working hours for customs officers, from six hours to 20 hours, at the Kasumbalesa, Mokambo, and Sakanya border posts. Speaking at a meeting in Chililabombwe,… Read More Here
Vedanta Secures $300 Million in Loans to Strengthen Financial Position 18 International Corporate News 

Vedanta Secures $300 Million in Loans to Strengthen Financial Position

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Vedanta Resources’ parent company announced on Friday that it has secured commitments from Barclays, First Abu Dhabi Bank, and Mashreq for a $300 million loan, with a tenor of three years and three months. The funds will be used to refinance outstanding 2024 and 2026 bonds and cover other debt servicing obligations, according to Vedanta’s filing with the stock exchange. The company is seeking to expand the deal and is in advanced talks with other banks to secure an additional $200 million in loans. Last year, rating agencies S&P Global… Read More Here
Caterpillar Marks 100 Years of Innovation and Growth with Global Celebrations 19 International Mining Equipment 

Caterpillar Marks 100 Years of Innovation and Growth with Global Celebrations

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NYSE-listed Caterpillar is celebrating its 100-year anniversary in 2025, marking a century since the merger of Holt Manufacturing and CL Best Tractor on April 15, 1925, which formed Caterpillar Tractor Co. Over the past 100 years, Caterpillar has evolved from its first track-type tractor, designed to pull combine harvesters in northern California, to offering modern autonomous construction and mining equipment, as well as engines used in various industries worldwide. Caterpillar products and services have played a significant role in completing thousands of industrial, construction, and infrastructure projects globally. “Our success… Read More Here
DRC's Mineral Prices and Security Challenges Shape Economic Outlook for 2025 20 Mining in DRC 

DRC’s Mineral Prices and Security Challenges Shape Economic Outlook for 2025

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In its economic outlook note for the first week of December 2025, released on January 9, the Central Bank of Congo (BCC) reported that as of December 30, 2024, the price of Brent crude oil stood at USD 74.15 per barrel, reflecting a slight increase of 0.57% from the previous week. The BCC attributed this rise to positive economic prospects for China, particularly after the country announced a recovery plan. However, on a yearly basis, the price of Brent crude has dropped by 4.78% compared to December 2023. Regarding copper,… Read More Here
Zambia’s Northwestern Mining Boom Creates 30,000 Jobs and Boosts Copper Outlook 21 Mining in Zambia Copper 

Zambia’s Northwestern Mining Boom Creates 30,000 Jobs and Boosts Copper Outlook

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The mining sector in Northwestern Province generated an additional 30,000 jobs last year, driven by major projects like the $2 billion expansion at Barrick’s Lumwana superpit. Minister of Northwestern Province, Robert Lihefu, highlighted the impressive growth of the sector in the region, noting that three major projects—Barrick’s Lumwana mine, Kansenseli Gold Mine, and the Kalengwa Mine, which was reopened by President Hakainde Hichilema in November after 46 years of closure—accounted for approximately 27,000 jobs. The remaining 3,000 jobs were created by smaller mining operations within the province. Looking ahead, the… Read More Here
Zambia Poised to Achieve 1 Million Tonnes of Copper Output by Late 2025 22 Mining in Zambia Copper Economy 

Zambia Poised to Achieve 1 Million Tonnes of Copper Output by Late 2025

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Copper production in Zambia is forecasted to reach one million tonnes annually by the close of 2025, according to the Ministry of Mines. Permanent Secretary Hapenga Kabeta attributes this growth to increasing production levels at key mining operations, including Barrick Lumwana, Trident in Kalumbila, and Kansanshi Mines. This achievement represents significant progress toward President Hakainde Hichilema’s ambitious target of three million tonnes annually by 2030. Copper production has been steadily climbing since 2022, shortly after President Hichilema assumed office. In a notable turnaround, operations resumed at Mopani Mines and Konkola… Read More Here
Global Oil Price Hike Boosts DRC Revenue but Poses Local Economic Challenges 23 Mining in DRC Oil & Gas Petroleum 

Global Oil Price Hike Boosts DRC Revenue but Poses Local Economic Challenges

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The price of a barrel of oil, one of the Democratic Republic of Congo’s (DRC) key export products, rose by 1.00% on international markets, reaching $73.38 during the week of December 20–27, 2024, up from $72.65 the previous week, according to the Central Bank of Congo (BCC). This rebound follows a 1.53% decline the prior week and is attributed to China’s announcement of an expansionary fiscal policy aimed at revitalizing its economy. The price increase presents mixed outcomes for the DRC: Economists emphasize the need for balanced management of these… Read More Here
Katende Hydropower Project Resumes Promising Economic Revival in Central DRC 24 Mining in DRC Hydro power plant 

Katende Hydropower Project Resumes Promising Economic Revival in Central DRC

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The long-awaited resumption of construction on the Katende hydroelectric power station in Kasaï Central has gained momentum with the delivery of over 120 tonnes of materials from Lubumbashi. This milestone signals a renewed commitment by the Congolese government to address the region’s energy deficit and stimulate economic growth. Funded directly by the public treasury to bypass bureaucratic delays, the Katende project reflects a strategic shift in approach. With 45% of construction already completed, the remaining work will be executed in three phases. The first phase is expected to deliver 16… Read More Here
DRC Minister Receives Report Exposing South Kivu Mining Violations 25 Mining in DRC Governance 

DRC Minister Receives Report Exposing South Kivu Mining Violations

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The Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, received a detailed report on January 8, 2025, from the Special Commission tasked with assessing the compliance of mining activities in South Kivu. After 15 days of rigorous investigations, the Commission reviewed operations of 18 out of 30 mining companies summoned by the Ministry of Mines. The report uncovered significant violations of the Mining Code and regulations, including: Minister Pakabomba commended the Commission for its thorough work and reaffirmed his ministry’s commitment to fostering sustainable and lawful mining practices.… Read More Here
Ivanhoe Mines provides update to 2025 capital expenditure guidance 26 Mining in DRC Copper Corporate News Press Release 

Ivanhoe Mines provides update to 2025 capital expenditure guidance

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Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced the company’s fourth quarter and full-year production results for the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. In addition, the company has announced its 2025 production guidance for Kamoa-Kakula and Kipushi, as well as updated 2025 group capital expenditure guidance. Kamoa-Kakula delivered record production in 2024 of 437,061 tonnes of copper in concentrate, a 12% year-on-year increase, following the ramp up… Read More Here

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