Breaking News
Revolutionizing Copper Mining: DGC MetPro Solutions Transforms Operations in the Copperbelt 20 Sponsored Content Mining in DRC Mining in Zambia 

Revolutionizing Copper Mining: DGC MetPro Solutions Transforms Operations in the Copperbelt

arnbethnic
In the mineral-rich heart of Africa’s Copperbelt, stretching across the Democratic Republic of Congo (DRC) and Zambia, a new chapter in copper mining is being written. At the forefront of this transformation stands DGC AFRICA, through its specialized division DGC MetPro Solutions. This innovative entity is reshaping the landscape of copper extraction with its state-of-the-art Metallurgical, Process, Asset Management, and Optimization Solutions, meticulously crafted to address the unique challenges of the region. At the heart of DGC MetPro Solutions’ success lies a powerful network of strategic partnerships and a team… Read More Here
Rio Tinto Cuts Jobs at West Angelas Mine Amid Green Iron Concerns 21 International Corporate News 

Rio Tinto Cuts Jobs at West Angelas Mine Amid Green Iron Concerns

Constance
Australian mining giant Rio Tinto has laid off a group of workers at its West Angelas iron ore mine near Newman, in Western Australia’s Pilbara region, and scaled back proposed developments at two nearby sites. Approximately 40 production staff were let go after arriving for their shifts this week, according to The West Australian. Rio Tinto confirmed the job losses but did not disclose the exact number. A spokesperson explained that the company regularly assesses its workforce to ensure it aligns with ongoing operational needs. Despite its profitability from iron… Read More Here
Biden’s First Visit to Angola to Strengthen U.S. Ties with Sub-Saharan Africa 22 International Governance 

Biden’s First Visit to Angola to Strengthen U.S. Ties with Sub-Saharan Africa

Constance
Outgoing U.S. President Joe Biden is making a historic visit to Angola, fulfilling a pledge to strengthen U.S. ties with sub-Saharan Africa as competition with China intensifies. Biden, the first U.S. president to visit Angola since its independence in 1975, will spend three days in Luanda, from Monday to Wednesday, discussing economic, political, and cultural partnerships. The visit honors a promise Biden made in 2022 to engage more closely with Africa. Originally scheduled for October, the trip was delayed due to Hurricane Milton’s landfall in Florida. Despite his “lame-duck” status,… Read More Here
Northern Star Resources Acquires De Grey Mining in $3.2 Billion Australian Gold Sector Deal 23 International Gold 

Northern Star Resources Acquires De Grey Mining in $3.2 Billion Australian Gold Sector Deal

Constance
Two of Australia’s largest gold miners have struck a groundbreaking AU$5 billion ($3.2 billion) takeover agreement as the gold sector experiences a surge in consolidation driven by record-high commodity prices. Northern Star Resources, operator of the iconic Super Pit gold mine in Western Australia, announced the acquisition of De Grey Mining in an all-share deal. The transaction represents a 37% premium to De Grey’s share price, with its shareholders set to hold a 20% stake in the combined entity. This acquisition marks another significant milestone in global gold sector consolidation.… Read More Here
World Bank Announces $300 Million Project for the Lobito Corridor 24 Transport and Logistics Angola Mining in DRC Mining in Zambia 

World Bank Announces $300 Million Project for the Lobito Corridor

Constance
The World Bank is preparing a $300 million project for the Lobito Corridor, according to Victoria Kwakwa, the institution’s Vice President for Eastern and Southern Africa. She emphasized that participating countries must create favorable conditions for foreign investment. “The three countries involved must also focus on improving connectivity. Each must establish conditions to boost trade, address regulatory barriers, and develop infrastructure that enhances regional connectivity. This will enable the region to become a hub of commerce and development,” Kwakwa stated, as reported by Lusa. Highlighting the strategic importance of the… Read More Here
MMG Kinsevere Signs Social Responsibility Agreement with Local Communities Near Sokoroshi 2 Mine 25 Mining in DRC Corporate social responsibility 

MMG Kinsevere Signs Social Responsibility Agreement with Local Communities Near Sokoroshi 2 Mine

Constance
On Friday, November 29, 2024, MMG Kinsevere signed a new agreement with five local communities impacted by the Sokoroshi 2 mine, located in the Bukanda sector of the Kipushi territory in Haut-Katanga, DRC. The signing took place at the multipurpose hall in Bukanda, a facility built with mining royalty funds, in the presence of various officials. Lucien Lumano, the Provincial Minister of Mines for Haut-Katanga, supervised the event and expressed his satisfaction, encouraging local communities to support MMG Kinsevere in the successful implementation of the project. “The provincial government is… Read More Here
Zambia's Economy to Grow Over 6% in 2025 with Key Investments and Social Support 26 Mining in Zambia Economy 

Zambia’s Economy to Grow Over 6% in 2025 with Key Investments and Social Support

Constance
Zambia’s economy is projected to grow by over 6% in 2025, according to Finance and National Planning Minister Situmbeko Musokotwane, who remains optimistic about maintaining this growth unless the country faces another drought. However, Minister Musokotwane noted that Zambia’s 2024 economic growth forecast has been downgraded to 1.1% due to the adverse effects of the drought, which significantly impacted agricultural production. The drought also negatively affected electricity generation, leading to setbacks in manufacturing and other sectors. Dr. Musokotwane made these remarks today in Lusaka at the 2025 Post-Budget and Economic… Read More Here
Zambia ERB Raises Fuel Prices Amid Kwacha Decline and Oil Surge 27 Mining in Zambia Oil & Gas Petroleum 

Zambia ERB Raises Fuel Prices Amid Kwacha Decline and Oil Surge

Constance
The Energy Regulation Board (ERB) has announced an upward adjustment in the pump prices for petroleum products, effective from midnight. ERB Chairperson James Banda attributed the price increase to the rise in international oil prices and the depreciation of the Zambian Kwacha against the US Dollar. He further explained that since the last price review on October 31, 2024, the Kwacha had depreciated by over 2 percent against the US Dollar. SOURCE:znbc Read More Here
Zambia Advances SME Growth with Lobito Corridor Trade Facilitation Project 28 Mining in Zambia Economy Transport and Logistics 

Zambia Advances SME Growth with Lobito Corridor Trade Facilitation Project

Constance
Zambia has taken a major step toward supporting Small and Medium Enterprises (SMEs) by signing a Memorandum of Understanding (MOU) for the Lobito Corridor Trade Facilitation Project. This initiative, backed by the African Development Bank (AfDB), involves collaboration between Zambia’s Ministry of Commerce, Trade, and Industry and the Ministry of Small and Medium Enterprise Development. The project seeks to strengthen trade among the Lobito Corridor states—Zambia, Angola, and the Democratic Republic of Congo (DRC). The MOU was signed during a ceremony in Lusaka attended by senior government officials, directors, and… Read More Here
Resolute Mining Makes Progress on $160 Million Settlement with Mali Government 29 International Gold 

Resolute Mining Makes Progress on $160 Million Settlement with Mali Government

Constance
London- and Australia-listed Resolute Mining has completed a second settlement payment of approximately $50 million to the government of Mali, funded from its existing cash reserves. The company confirmed that the remaining balance of $30 million will be settled by the end of this year using its current liquidity sources. These payments are part of a $160 million settlement outlined in a memorandum of understanding (MoU) signed with the Malian government on November 18. Resolute agreed to the settlement after its CEO and other executives were detained in Mali. An… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.