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Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million 1 International Battery Metals Corporate News Lithium 

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

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Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed Tyranna Resources has agreed to sell its interest in the Namibe lithium and caesium project in southern Angola to Sinomine Resource Group for $1.44 million, allowing the company to focus on new exploration opportunities in Angola. The transaction involves the sale of Tyranna subsidiary Angolan Minerals’ 90% interest in AM Mauritius, the holding company for the Namibe project, to Sinomine Resource (Guangdong Hengqin) Supply Chain Co, a subsidiary of Sinomine Resource Group. The deal remains… Read More Here
De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset 2 International Corporate News Diamond 

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

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De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of a broader effort to strengthen relationships with key customers amid challenging market conditions. The diamond… Read More Here
Prospect Resources Advances Mumbezhi Copper Exploration as Drilling Expands Resource Potential 3 Mining in Zambia Corporate News Drilling Exploration New Mining Projects 

Prospect Resources Advances Mumbezhi Copper Exploration as Drilling Expands Resource Potential

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Prospect Resources Reports Progress at Zambia’s Mumbezhi Copper Project as Drilling Targets New Deposits Australian-listed Prospect Resources says its Phase 3 exploration programme at the Mumbezhi copper project in Zambia is progressing on schedule and within budget, with drilling activities continuing to identify potential extensions to existing mineral resources. The company reported that approximately 20% of planned diamond drilling and 35% of the budgeted aircore drilling programme have been completed. At the flagship Nyungu Central deposit, diamond drilling has focused on the southern section, where ten resource extension holes have… Read More Here
Bank of Zambia Highlights Importance of Foreign Reserves for Economic Stability 4 Mining in Zambia Economy 

Bank of Zambia Highlights Importance of Foreign Reserves for Economic Stability

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Zambia Central Bank Says Strong Foreign Reserves Are Key to Managing Economic Shocks and Inflation Bank of Zambia Governor Dr. Denny Kalyalya has emphasised the importance of maintaining strong foreign reserves, saying they provide a financial cushion during periods of economic uncertainty. Speaking during a media tour at the Zambia International Trade Fair in Ndola, Dr. Kalyalya said foreign reserves help the country respond to major shocks, including natural disasters, health emergencies and global disruptions that affect supply chains. He explained that adequate reserves allow Zambia to continue importing essential… Read More Here
Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network 5 Mining in Zambia Transport and Logistics 

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

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Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic Growth Zambia is advancing plans to modernise the TAZARA railway corridor, with President Hakainde Hichilema highlighting the importance of upgrading the route to support trade, transport efficiency and economic growth. Speaking at the TAZARA train station in Kapiri Mposhi, President Hichilema said the government is committed to improving the railway, which provides a strategic link between Zambia and the port of Dar es Salaam in Tanzania. The planned rehabilitation of the railway line, estimated at… Read More Here
DRC Gold Trading Expands National Footprint with Planned North Ubangi Branch 6 Mining in DRC Economy Gold 

DRC Gold Trading Expands National Footprint with Planned North Ubangi Branch

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DRC Gold Trading Plans North Ubangi Expansion to Strengthen Artisanal Gold Supply Network DRC Gold Trading S.A. plans to establish a new branch in North Ubangi Province as part of its strategy to expand its network for the collection, trading and export of artisanal gold. The company’s Chief Executive Officer, Joseph Kazibaziba Maombi, said North Ubangi is among the next locations targeted for expansion, although no opening date has been announced. The planned branch follows the company’s recent efforts to strengthen its presence across the Democratic Republic of Congo. DRC… Read More Here
Vinmart Group Expands DRC’s Industrial Capacity with Three New Manufacturing Plants 7 Mining in DRC Economy 

Vinmart Group Expands DRC’s Industrial Capacity with Three New Manufacturing Plants

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Vinmart Opens Three Manufacturing Facilities in DR Congo to Boost Local Production and Industrial Growth The Vinmart Group has expanded its industrial footprint in the Democratic Republic of Congo with the inauguration of three new production facilities in Lubumbashi, aimed at increasing local manufacturing capacity and supporting the domestic supply of industrial equipment. The facilities were officially opened on Monday, July 6, 2026, during a ceremony attended by government officials, business leaders and representatives of the Vinmart Group. The event was co-chaired by Justin Kalumba Mwana Ngongo, Acting Minister of… Read More Here
Glencore Highlights DRC’s Efforts to Improve Transparency in Critical Minerals Sector 8 Mining in DRC Copper Corporate News 

Glencore Highlights DRC’s Efforts to Improve Transparency in Critical Minerals Sector

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Glencore Says DR Congo’s Transparency Efforts Could Boost Responsible Critical Mineral Exports The Democratic Republic of Congo’s efforts to improve governance, transparency and responsible mining practices in the critical minerals sector have been highlighted by Anna Krutikov, Glencore’s head of sustainable development, during the Global Conference of the Mineral Institute. Speaking during a panel discussion on the future of the critical minerals market alongside government representatives and development finance institutions, Krutikov said the DRC has made progress in engaging with international frameworks aimed at improving responsible mineral production. She pointed… Read More Here
UN Report Highlights Scale of Illicit Gold Trade in DRC’s Ituri Province 9 Mining in DRC Gold 

UN Report Highlights Scale of Illicit Gold Trade in DRC’s Ituri Province

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UN Experts Report Major Gold Smuggling Networks in DR Congo’s Ituri as Uganda Exports Surge A United Nations Group of Experts report on the Democratic Republic of Congo (DRC) has highlighted concerns over suspected illicit gold mining and trade in Ituri province, including alleged cross-border flows of gold through Uganda. According to the report, significant quantities of gold produced in Ituri may be leaving the country through unofficial channels before entering regional and international markets. The experts said the scale of reported production at some mining sites differs significantly from… Read More Here
DRC Mineral Export Prices Decline as Copper, Gold and Tin Weaken 10 Mining in DRC Copper Economy Gold 

DRC Mineral Export Prices Decline as Copper, Gold and Tin Weaken

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DR Congo Mineral Prices Fall as Copper, Gold and Tin Decline; Cobalt and Germanium Edge Higher Most of the Democratic Republic of Congo’s major mineral exports recorded lower prices on international markets during the week of July 6–11, 2026, according to the latest price bulletin from the Ministry of Foreign Trade. Cobalt and germanium were the only minerals to post gains. Copper, the country’s top export, declined from $13,475.85 to $13,258.50 per tonne. Tin also fell sharply, dropping from $54,040.00 to $50,678.75 per tonne, while gold slipped from $136.76 to… Read More Here

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