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DRC Copper Export Ban Highlights Growing Global Supply Concerns 23 Mining in DRC Copper Economy 

DRC Copper Export Ban Highlights Growing Global Supply Concerns

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DRC Copper Export Ban Sends Prices Higher as Global Supply Concerns Intensify The Democratic Republic of Congo’s decision to immediately ban exports of copper and cobalt concentrates has triggered a sharp reaction in global copper markets, highlighting how sensitive the metal has become to potential supply disruptions. Copper prices on the London Metal Exchange surged following the announcement, with three-month copper reaching a six-month high of $14,369.50 per tonne, while the cash price climbed to a record $14,453.60 per tonne. However, the market response was driven more by concerns over… Read More Here
Cobre Panama Restart Hopes Grow as Activity Resumes at Major Copper Mine 24 International Copper Corporate News 

Cobre Panama Restart Hopes Grow as Activity Resumes at Major Copper Mine

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Cobre Panama Restart Hopes Rise as First Quantum Mine Activity Resumes and Panama Weighs Reopening Hopes of restarting First Quantum Minerals’ Cobre Panama copper mine are gaining momentum as thousands of workers return to the site to support preservation, maintenance and other activities while the Panamanian government considers the mine’s future. Cobre Panama has remained shut since 2023, when Panama’s Supreme Court declared First Quantum’s mining contract unconstitutional following widespread protests over environmental and governance concerns. The latest developments suggest the government is becoming more open to a potential restart.… Read More Here
DRC Investigates Uranium Traces in Cobalt Exports as Concerns Grow Over Mineral Supply Chain Controls 25 Mining in DRC Cobalt Uranium 

DRC Investigates Uranium Traces in Cobalt Exports as Concerns Grow Over Mineral Supply Chain Controls

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DRC Launches Investigations into Uranium Traces in Cobalt Exports to China A new investigation has renewed concerns over the possible presence of uranium in cobalt exported from the Democratic Republic of Congo to international markets, particularly from the Tenke Fungurume Mining (TFM) operation, majority-owned by Chinese group CMOC. Lighthouse Reports, which conducted the investigation with the Financial Times, has defended its findings after CMOC disputed several of the report’s conclusions.  Investigator Tomas Statius said the investigation was based on nearly a decade of internal mining documents, alongside scientific research into… Read More Here
DRC Moves to Strengthen Local Content Rules in Mining and Public Procurement 26 Mining in DRC Governance 

DRC Moves to Strengthen Local Content Rules in Mining and Public Procurement

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DRC Strengthens Local Content Enforcement to Boost Congolese Businesses in Mining and Procurement The Democratic Republic of Congo is stepping up efforts to enforce its local content legislation, with the government calling on key regulatory institutions to play a greater role in ensuring that Congolese businesses benefit from economic activities linked to major projects. Minister of National Economy Justin Kalumba has engaged the Autorité de Régulation de la Sous-Traitance dans le Secteur Privé (ARSP) and the Autorité de Régulation des Marchés Publics (ARMP) to strengthen coordination in implementing the country’s… Read More Here
Trafigura Expands Role in DRC’s Mineral Logistics and Processing 27 Mining in DRC Cobalt Copper Corporate News Transport and Logistics 

Trafigura Expands Role in DRC’s Mineral Logistics and Processing

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Trafigura Expands DRC Role in Copper and Cobalt Logistics, Processing and Lobito Corridor Trafigura is strengthening its role in the Democratic Republic of Congo’s cobalt and copper value chains, with a growing focus on logistics, responsible mineral sourcing and the development of local processing capacity. The commodities trader is working with the Entreprise Générale du Cobalt (EGC) and international partners to establish more integrated supply chains for Congolese critical minerals. The strategy aims to improve traceability while connecting local production with major global markets. A key part of Trafigura’s involvement… Read More Here
DRC’s 2,000MW Power Shortfall Threatens Copper and Cobalt Processing in Katanga 28 Mining in DRC Cobalt Copper Electricity 

DRC’s 2,000MW Power Shortfall Threatens Copper and Cobalt Processing in Katanga

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DRC Faces 2,000MW Power Deficit Threatening Copper and Cobalt Processing in Grand Katanga The Democratic Republic of Congo is facing an electricity deficit of more than 2,000 megawatts (MW) in the Grand Katanga region, creating a major obstacle to the expansion of copper and cobalt processing, according to Mines Minister Sakombi Molendo. The shortage is particularly concerning for the DRC’s mining industry, which depends heavily on reliable electricity to operate processing plants and expand value addition. The Grand Katanga region, home to some of the country’s largest copper and cobalt… Read More Here
Glencore Confirms Marie-Chantal Kaninda as DRC President and Promotes Two Congolese Executives 29 Mining in DRC Corporate News Mining Personality 

Glencore Confirms Marie-Chantal Kaninda as DRC President and Promotes Two Congolese Executives

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Glencore Confirms Marie-Chantal Kaninda as DRC President and Promotes Two Congolese Executives Glencore has confirmed Marie-Chantal Kaninda in her role as President of Glencore DRC and announced the promotion of two Congolese executives as part of efforts to strengthen local leadership within its operations in the Democratic Republic of Congo. Kaninda has served as President of Glencore DRC since January 2023 and also chairs the board of Kamoto Copper Company (KCC).  She has more than 25 years of experience in the mining and extractive industries and previously served as Executive… Read More Here
Ghana Widens Lead as Africa’s Top Gold Producer 30 International Gold 

Ghana Widens Lead as Africa’s Top Gold Producer

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Ghana Strengthens Position as Africa’s Leading Gold Producer as Exports Rise Ghana is strengthening its position as Africa’s leading gold producer, widening its advantage over major West African rivals Mali and Burkina Faso as strong production and rising gold prices boost the value of its exports. Gold remains central to Ghana’s economy, accounting for the overwhelming majority of the country’s mineral export earnings and making the sector a critical source of foreign exchange, government revenue and investment. The country’s expanding lead comes as gold production across West Africa continues to… Read More Here
Barrick Appoints Sebastiaan Bock CEO, Rest of World 31 International Corporate News Mining Personality Press Release 

Barrick Appoints Sebastiaan Bock CEO, Rest of World

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Barrick Mining Corporation (NYSE:B)(TSX:ABX) today announced the appointment of Sebastiaan Bock as Chief Executive Officer, Rest of World, effective immediately. Mr. Bock will lead Barrick’s gold and copper operations and projects outside North America and will report to Mark Hill, President and Chief Executive Officer of Barrick. Barrick’s rest of world portfolio includes gold and copper assets across Africa, the Middle East, Latin America, and Asia Pacific. It produces more than two million gold equivalent ounces a year and is expected to grow by more than 20% over the next… Read More Here
FQM Partners with Banks to Expand Financing for Zambian Suppliers 32 Mining in Zambia Economy 

FQM Partners with Banks to Expand Financing for Zambian Suppliers

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FQM Partners with Five Banks to Improve Financing Access for Zambian Mining Suppliers First Quantum Minerals (FQM) has partnered with five commercial banks to improve access to financing for Zambian-owned companies supplying goods and services to the mining industry. The initiative has been welcomed by the Association of Mine Suppliers and Contractors, which says improved access to affordable credit could enable more local businesses to compete for contracts and expand their operations. FQM recently signed a memorandum of understanding with Zanaco, First National Bank (FNB), Absa, Stanbic Bank and Inde… Read More Here

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