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Civil Society Demands Independent Audit of DRC’s Mining Fund for Future Generations 23 Mining in DRC 

Civil Society Demands Independent Audit of DRC’s Mining Fund for Future Generations

Constance
DRC Civil Society Calls for Independent Audit of FOMIN Over Transparency and Governance Concerns The management of the Mining Fund for Future Generations (FOMIN) has once again come under scrutiny from Congolese civil society organizations. In an open letter addressed to the Minister of Mines on Monday, June 8, the organization La Sentinelle des Ressources Naturelles called for an urgent independent audit of the fund’s revenue allocation and financial management. The organization argues that such an audit is necessary to clarify how mining revenues have been used and to restore… Read More Here
Governance Concerns Shadow DRC’s Massive Manono Lithium Project 24 Mining in DRC Battery Metals Lithium 

Governance Concerns Shadow DRC’s Massive Manono Lithium Project

Constance
DRC’s Manono Lithium Deposit Faces Transparency and Governance Concerns Amid $2 Billion Mining Push Located in Tanganyika Province, the Manono site hosts one of the world’s largest untapped hard-rock lithium deposits. As global demand for lithium continues to rise due to its critical role in battery manufacturing and the energy transition, the Democratic Republic of Congo (DRC) has emerged as a strategically important player in the international minerals market. However, despite growing investment interest in the Manono project, persistent concerns remain over governance, transparency, and the management of mining partnerships… Read More Here
Copper Intelligence Expands DRC Copperbelt Footprint with Kasenga PR9 Acquisition 25 Mining in DRC Corporate News Mergers & Acquisitions 

Copper Intelligence Expands DRC Copperbelt Footprint with Kasenga PR9 Acquisition

Constance
Copper Intelligence Acquires Kasenga PR9 in DRC, Boosting Kitungu Copper Project Expansion Potential Mineral exploration company Copper Intelligence has acquired the Kasenga PR9 concession in the Democratic Republic of Congo (DRC), strengthening its presence in the Copperbelt region and expanding the potential of its Kitungu copper project. The newly acquired license covers nine exploration blocks across 758 hectares and is located directly east of the company’s existing Kisungu–Kitungu project area. Previous drilling in the region indicates that copper mineralization remains open along strike, suggesting further exploration upside. The Kitungu project… Read More Here
DRC Mines Minister Louis Watum Kabamba Strengthens Strategic Mining and Diamond Partnerships in Belgium 26 Mining in DRC 

DRC Mines Minister Louis Watum Kabamba Strengthens Strategic Mining and Diamond Partnerships in Belgium

Constance
DRC Mines Minister Louis Watum Kabamba Strengthens Strategic Cooperation During Belgium Mission On a working mission to the Kingdom of Belgium, His Excellency Mr. Louis Watum Kabamba, Minister of Mines of the Democratic Republic of Congo (DRC), visited the facilities of the UMICORE Group in Olen on Monday, June 8, 2026. UMICORE is globally recognized as a leader in the production and refining of cobalt and germanium, two critical minerals essential to modern technologies and the global energy transition. The visit provided the Congolese Minister with an opportunity to discover… Read More Here
DRC IGF Launches Nationwide Audit of Mining Revenues to Strengthen Public Finance Oversight 49 Mining in DRC Mining revenue 

DRC IGF Launches Nationwide Audit of Mining Revenues to Strengthen Public Finance Oversight

Constance
DRC Finance Inspectorate Deploys 118 Inspectors to Audit Mining Revenues and Boost Public Revenue Transparency The General Inspectorate of Finance (IGF) has launched a large-scale public finance audit operation focused primarily on mining revenues across the Democratic Republic of Congo. The mission, initiated on June 4, 2026 by Inspector General of Finance–Head of Service Christophe Bitasimwa Bahii, deploys 118 inspectors across nearly 200 public and private entities nationwide. This second wave of audit operations for the 2026 fiscal year follows resolutions from the 87th Council of Ministers meeting and forms… Read More Here
Godard Motemona Appointed Director General of Congo’s Mining Fund for Future Generations (FOMIN) 50 Mining in DRC Corporate News Mining Personality 

Godard Motemona Appointed Director General of Congo’s Mining Fund for Future Generations (FOMIN)

Constance
DRC Appoints Godard Motemona as New Director General of FOMIN to Oversee Mining Wealth for Future Generations Godard Motemona has been appointed Director General of the Mining Fund for Future Generations (FOMIN), replacing Faustin Biringanine, according to a presidential order read on national television on Wednesday, June 3, 2026. He assumes leadership of the strategic public institution responsible for safeguarding a portion of mining revenues to ensure long-term benefits for future generations in the Democratic Republic of Congo. Prior to this appointment, Motemona served as Vice Minister of Mines in… Read More Here
Traditional Leaders Back Kalungwishi Hydropower Project as Development Gains Momentum in Northern Zambia 51 Mining in Zambia Electricity Energy 

Traditional Leaders Back Kalungwishi Hydropower Project as Development Gains Momentum in Northern Zambia

Constance
247MW Kalungwishi Hydropower Project Gains Strong Traditional Leadership Support, Set to Transform Luapula and Northern Provinces A major milestone in Zambia’s energy and industrial development agenda is taking shape as the 247-megawatt Kalungwishi Hydropower Project gains renewed momentum, with strong backing from government, the private sector, and traditional leaders whose communities are expected to benefit from the transformative investment. Located along the Kalungwishi River, the project is expected to become a catalyst for economic growth in Luapula and Northern Provinces by providing reliable electricity to support mining, agriculture, manufacturing, tourism,… Read More Here
Codelco Appoints Jorge Gómez as New CEO Amid Production Scandal and Leadership Shake-Up in Chile 52 International Corporate News Mining Personality 

Codelco Appoints Jorge Gómez as New CEO Amid Production Scandal and Leadership Shake-Up in Chile

Constance
Chile’s Codelco Names Jorge Gómez CEO as State Copper Giant Seeks Stability After Production Reporting Scandal Chile’s state-owned copper producer Codelco has appointed Jorge Gómez as its new chief executive officer as the company continues to navigate the fallout from a scandal involving inflated production figures. In an official statement, Codelco confirmed that Gómez will assume the role on July 13, succeeding current CEO Rubén Alvarado. The appointment follows earlier reporting by Reuters, which cited sources familiar with the decision. Gómez joins Codelco after serving since 2012 as head of… Read More Here
Jubilee Metals Resumes Roan Operations, Advances Copper Recovery and Processing Upgrades in Zambia 53 Mining in Zambia Copper Corporate News 

Jubilee Metals Resumes Roan Operations, Advances Copper Recovery and Processing Upgrades in Zambia

Constance
Jubilee Metals Restarts Roan Operations After Maintenance Shutdown as Zambia Copper Output Targets 30,000t Monthly Throughput Jubilee Metals has successfully completed the annual maintenance shutdown at its Roan concentrator operations in Ndola, Zambia, with the plant now restarted at full capacity and targeting a run-of-mine throughput of 30,000 tonnes per month. According to Jubilee CEO Leon Coetzer, June performance will provide a clearer indication of sustainable operating capacity and recovery efficiencies, particularly with the integration of fine copper concentrate now being processed at the company’s Sable refinery in Kabwe. He… Read More Here

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