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Shuka Minerals Begins First Kabwe Drilling in Decades to Boost Zinc Resource 21 Mining in Zambia Corporate News Drilling New Mining Projects Zinc 

Shuka Minerals Begins First Kabwe Drilling in Decades to Boost Zinc Resource

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Shuka Minerals Begins Phase 1 Drilling at Kabwe Zinc Mine with Ox Drilling to Target 50% Resource Expansion Dual-listed Shuka Minerals (AIM and JSE) has appointed Ox Drilling as the contractor for its Phase 1 drilling programme at the Kabwe zinc mine in Zambia. The project is operated through Shuka’s local subsidiary, Leopard Exploration and Mining. The drilling campaign is scheduled to begin in mid-May and will be supported by geological consultancy GeoQuest. Phase 1 Drilling Programme The initial phase comprises a 2,000-metre diamond drilling programme using PQ and HQ… Read More Here
DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets 22 Mining in DRC Cobalt Copper Economy Gold Tin 

DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets

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DRC Mineral Prices Show Upward Trend: Gold, Copper, Tin and Germanium Rise While Cobalt Holds Steady Market data for mineral products exported from the Democratic Republic of Congo (DRC) for the period April 27 to May 2, 2026 shows an overall upward trend on international markets, driven by gains in several strategic metals. Precious and industrial metals recorded notable increases. Gold rose from $153.87 to $155.28 per gram, while copper increased from $12,836.10 to $13,177.50 per ton. Aluminum ingots also posted gains, climbing from $1,690.63 to $1,718.98 per ton. Other… Read More Here
US Embassy Denies Funding Mine Security Unit in DRC Amid Conflicting Statements 23 Mining in DRC Regional conflict 

US Embassy Denies Funding Mine Security Unit in DRC Amid Conflicting Statements

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US Embassy in Kinshasa Rejects Claims of Funding $100M Mine Patrol Unit in DR Congo as Mining Authority Clarifies Financing Plans In a statement released on Tuesday, April 28, 2026, the United States Embassy in Kinshasa denied reports that it is currently funding a mine patrol or security unit in the Democratic Republic of Congo (DRC). The clarification comes after an announcement earlier in the week by the General Inspectorate of Mines (IGM), which stated that mine security agents would be deployed in the coming days to mining sites across… Read More Here
KoBold Metals Launches Construction of Zambia’s Largest Copper Mine 24 Mining in Zambia Copper Investment News New Mining Projects 

KoBold Metals Launches Construction of Zambia’s Largest Copper Mine

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KoBold Metals Breaks Ground on $2.3 Billion Mingomba Copper Mine in Zambia, Boosting Output Ambitions KoBold Metals, a U.S.-based exploration company backed by investors including Bill Gates and Sam Altman, has officially begun construction of the Mingomba copper mine in Zambia, marking one of the largest mining investments in the country’s history. The project, valued at more than $2.3 billion, is expected to become Zambia’s largest copper mine. Once fully operational, Mingomba is projected to produce over 300,000 tonnes of copper per year, placing it among the top producers on… Read More Here
Vedanta Profits Surge on Strong Metal Prices Ahead of Business Demerger 25 International Corporate News 

Vedanta Profits Surge on Strong Metal Prices Ahead of Business Demerger

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Vedanta Q1 Profit Jumps 92% as Metal Prices Rally, Margins Expand Before Major Demerger Vedanta Limited reported a sharp 92.3% increase in quarterly profit, driven by stronger base metal prices that significantly boosted margins across its core businesses. The Mumbai-based conglomerate posted a consolidated net profit of 66.98 billion rupees (approximately $706.3 million) for the quarter ended March, up from 34.83 billion rupees in the same period last year. Operating profit margins also improved markedly, rising to 32% from 21% a year earlier. The performance was underpinned by a rally… Read More Here
First Quantum Reports Wider Q1 Loss Despite Higher Copper Output Forecast 26 Corporate News Copper 

First Quantum Reports Wider Q1 Loss Despite Higher Copper Output Forecast

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First Quantum Q1 2026 Loss Widens on Rising Costs and Lower Output, but Copper Production Outlook Raised First Quantum Minerals reported a significantly wider loss for the first quarter of 2026, as increased operating costs and weaker copper production weighed on financial performance, despite an improved full-year output forecast. The company posted a net loss attributable to shareholders of $196 million, compared with a $23 million loss in the same period last year. Adjusted loss for the quarter came in at $147 million, or $0.18 per share. Operational challenges were… Read More Here
Zambia and DRC Move Closer to Launching Simplified Trade Regime 27 Mining in DRC Economy Mining in Zambia 

Zambia and DRC Move Closer to Launching Simplified Trade Regime

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Zambia and DRC Accelerate Simplified Trade Regime Rollout to Boost Cross-Border Trade and Empower Small Traders Zambia and Democratic Republic of the Congo have stepped up efforts to operationalise the Simplified Trade Regime (STR), a framework designed to facilitate cross-border trade and support small-scale traders particularly women and youth. The initiative follows more than seven years of bilateral negotiations, with both governments now in the final stages of implementation. The STR is expected to streamline customs procedures, reduce administrative barriers, and enable small traders to access preferential tariff rates. Speaking… Read More Here
Mining Investment in Mali Persists Despite Escalating Security Risks 28 International Gold 

Mining Investment in Mali Persists Despite Escalating Security Risks

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Mining Companies Maintain Investments in Mali Amid Rising Security Threats and Political Instability International mining companies are expected to continue investing in Mali, one of Africa’s most resource-rich nations, despite a sharp escalation in security risks following a recent surge in coordinated insurgent attacks. Mali is a leading gold producer on the continent, benefiting from record-high global prices. The country also holds substantial reserves of lithium, uranium, and copper, making it strategically important for global resource markets. However, decades of insurgency and political instability including repeated military coups have complicated… Read More Here
Anglo American Reports Modest Copper Growth While Advancing Strategic Restructuring 29 Copper Corporate News International 

Anglo American Reports Modest Copper Growth While Advancing Strategic Restructuring

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Anglo American Q1 Copper Output Rises 1% as Company Pushes Asset Sales and Maintains 2026 Production Outlook Anglo American reported a 1% year-on-year increase in copper production for the first quarter, supported by improved output at its Chilean operations, including Los Bronces Mine and Collahuasi Mine. The company also reaffirmed its full-year production guidance. The miner, which has agreed to merge with Teck Resources, is moving forward with plans to streamline its portfolio. This includes divesting non-core assets such as its coal operations and its diamond business, De Beers. Chief… Read More Here
Barrick Mining Names North America Leadership Team Ahead of Planned IPO 30 International Corporate News Gold Mining Personality 

Barrick Mining Names North America Leadership Team Ahead of Planned IPO

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Barrick Appoints Executive Team to Lead North American Business Spin-Off Barrick Mining Corporation announced on Tuesday the appointment of a new executive leadership team for its North American operations as the company moves forward with plans to pursue an initial public offering (IPO) for the business. The restructuring marks a significant step in the company’s strategy to strengthen operational focus and unlock shareholder value from its North American asset base. Key Leadership Appointments The newly formed leadership team will oversee the standalone operations of Barrick’s North American division as it… Read More Here

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