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Trafigura Withdraws Major Copper Volumes from LME as Global Arbitrage Drives US and China Demand 1

Trafigura Pulls 51,000 Tons of Copper from LME Warehouses as US–China Price Gap Sparks Record Arbitrage Trade Global commodities trader Trafigura Group has initiated the withdrawal of hundreds of millions of dollars’ worth of copper from London Metal Exchange (LME) warehouses, capitalising on widening price disparities between markets in the United States, China, and Europe. According to market participants familiar with the transactions, Trafigura was the principal party behind orders to remove more than 51,000 tonnes of copper from LME storage facilities across the US and Asia on Friday. The… Read More Here

Mining in DRC Governance

Lualaba Governor Calls for Economic Transformation at KBM 2026 in Kolwezi

May 23, 2026May 23, 2026 Constance

Lualaba Governor Fifi Masuka Urges Shift from Raw Mineral Exports to Local Industrialisation at KBM 2026 At the opening of the 7th edition of the Katanga Business Meeting (KBM 2026), held on 20 May in Kolwezi, Governor Fifi Masuka of Lualaba Province called for a structural transformation of the Democratic Republic of Congo’s economic model. The event, which brought together investors, mining companies, and development partners under the theme “Investing in a sustainable future for a winning Africa,” focused on the need to move beyond an extractive economy reliant on… Read More Here

Mining in DRC Copper Corporate News

KCC Inaugurates One-Stop Shop and Customs Office to Modernise Mining Administration in the DRC

May 23, 2026May 23, 2026 Constance

Kamoto Copper Company Launches One-Stop Customs Facility to Streamline Mining Operations in the Democratic Republic of Congo On 19 May, Kamoto Copper Company (KCC), a joint venture between Glencore, Gécamines, and the Government of the Democratic Republic of Congo, officially inaugurated a new one-stop shop and customs office aimed at modernising and streamlining administrative processes in the country’s mining sector. The launch event brought together government officials, technical institutions, and industry stakeholders, underscoring growing efforts to improve transparency, efficiency, and governance within the Democratic Republic of Congo’s (DRC) mining industry.… Read More Here

Mining in DRC Economy

Equity Group Posts 24% Profit Growth as Regional Subsidiaries Become Core Earnings Driver

May 23, 2026May 23, 2026 Constance

Equity Group Holdings Q1 2026 Profit Rises 24% as African Subsidiaries Contribute Majority of Earnings Equity Group Holdings posted a 24% increase in profit after tax to KSh 19.1 billion (approximately CDF 556.4 billion) for the first quarter of 2026. The performance was driven largely by strong growth across its regional subsidiaries outside Kenya, marking a structural shift in the Group’s earnings base. The Nairobi-listed banking group, which operates in six African countries, also recorded a 16% expansion in its balance sheet to KSh 2.04 trillion (CDF 59.4 trillion). Growth… Read More Here

Mining in Zambia Economy Gold

ZCCM-IH Forms Gold Development Joint Venture for Kikonge Project in Zambia

May 23, 2026May 23, 2026 Constance

ZCCM-IH Launches Kyalo Goldfields JV to Develop Kikonge Gold Project and Expand Zambia’s Gold Value Chain ZCCM Investments Holdings Plc (“ZCCM Investments Holdings Plc”) has announced a major step forward in its gold sector expansion strategy following the incorporation of a new special purpose vehicle, Kyalo Goldfields Limited (“KGL”), to develop the Kikonge gold project in Zambia’s North Western Province. The announcement follows a memorandum of understanding signed on 19 December 2025 between ZCCM-IH, the Ministry of Mines and Mineral Development (“MOMMD”), and Mining Mineral Resources SAS (“MMR”) for the… Read More Here

Mining in DRC Gold Mining safety Safety & Health

Barrick Tightens Ebola Safety Measures at Kibali Gold Mine Amid Deadly Congo Outbreak

May 22, 2026May 22, 2026 Constance

Barrick Increases Ebola Screening at Kibali Mine as Congo Outbreak Death Toll Reaches 131 Barrick Mining has intensified Ebola prevention measures at its Kibali Gold Mine in eastern Democratic Republic of Congo (DRC) following a deadly outbreak in a neighbouring province. The company confirmed that no Ebola cases have been detected among workers at the mine. However, Barrick has introduced enhanced screening and monitoring procedures as a precautionary response to the outbreak, which has already claimed 131 lives, according to health officials. Ebola, a highly infectious virus transmitted through bodily… Read More Here

Gemstones Corporate News News in Brief

Gemfields Emerald Auction Raises $26.8 Million Amid Cautious Global Market

May 22, 2026May 22, 2026 Constance

Gemfields Generates $26.8 Million from Zambia Emerald Auction Despite Global Economic Uncertainty Johannesburg- and London-listed gemstone miner Gemfields has reported revenue of $26.8 million from its latest auction of higher-quality rough emeralds sourced from the company’s 75%-owned Kagem Mine in Zambia. The auction, held between May 4 and May 21, saw strong participation, with 36 of the 37 lots offered successfully sold. Out of 185,135 carats made available, 183,385 carats were purchased. Gemfields achieved an average realised price of $146.08 per carat during the auction. According to Gemfields Product and… Read More Here

International Events & Expos

Mining Indaba 2027 to Focus on Turning African Mining Partnerships Into Action

May 20, 2026May 20, 2026 Constance

Mining Indaba 2027 to Drive Investment, Policy and Mining Partnerships Across Africa Preparations are underway for the 2027 edition of the Investing in African Mining Indaba, with organizers placing renewed emphasis on transforming partnerships across the mining sector into concrete investment, policy, and project outcomes. The event will take place in Cape Town, South Africa, from February 8 to 11, 2027, under the theme: “Stronger Together: Partnerships in Practice.” According to Gwede Mantashe, the annual gathering has become a critical platform for advancing collaboration and unlocking investment opportunities across Africa’s… Read More Here

Mining in DRC

DRC Prime Minister Urged to Take Immediate Action Over Alleged Pollution and Health Damage Linked to Ruashi Mining

May 20, 2026May 20, 2026 Constance

Investigation Urges DRC Government to Act Over Environmental and Health Impacts of Ruashi Mining in Lualaba An investigation into the activities of Ruashi Mining has called on Democratic Republic of Congo Prime Minister Judith Suminwa to take urgent action over alleged environmental pollution and public health damage affecting communities in Kolwezi, the capital of Lualaba province. The report describes a worsening environmental situation in the Biashara neighborhood, where residents have raised concerns about chemical emissions, air pollution, and the impact of mining operations on public health and local infrastructure. According… Read More Here

Mining in DRC Copper Economy

Kibara Minerals to Export 9 Tonnes of Copper from DRC’s Tshopo Province to Hong Kong

May 20, 2026May 20, 2026 Constance

DRC’s Kibara Minerals Plans Export of 9 Tonnes of Copper from Tshopo to Hong Kong Nine tonnes of copper produced in Lubutu, located in the Tshopo Province of the Democratic Republic of Congo (DRC), are set to be exported to Hong Kong following completion of legal and tax procedures, according to a statement attributed to mining company Kibara Minerals. Company representative Johnny Makundo said the shipment will proceed once all regulatory requirements are fulfilled, including payment of duties to the provincial treasury. “We plan to export nine tonnes of copper… Read More Here

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