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Shanta Gold Uncovers $5.28 Billion Underground Gold Deposits in Western Kenya 21 International Corporate News Gold 

Shanta Gold Uncovers $5.28 Billion Underground Gold Deposits in Western Kenya

Constance
$5.28 Billion Gold Reserves Discovered in Western Kenya’s Lirhanda Corridor, Boosting Mining Investment A British mining company, Shanta Gold Kenya Limited, announced on Wednesday the discovery of extensive underground gold deposits in Kakamega County, western Kenya, estimated to be worth more than $5.28 billion (Sh683 billion). Officials have described the find as a historic milestone for Kenya’s mineral sector. The discovery was made in the Lirhanda Corridor, a 1,200-kilometer mineral belt spanning Kakamega and Vihiga counties, following years of intensive exploration and drilling. “The project aims to secure the necessary… Read More Here
Barrick Mining Boosts Dividends and Launches Operational Review Amid Record Free Cash Flow 22 Corporate News Gold International 

Barrick Mining Boosts Dividends and Launches Operational Review Amid Record Free Cash Flow

Constance
Barrick Mining Reports $1.5B Free Cash Flow, Increases Dividend and Launches Nevada-Pueblo Viejo Operational Review Barrick Mining has used the first quarter following the unexpected resignation of CEO Mark Bristow to announce an operational review and measures to return capital to shareholders, supported by record free cash flow. The company reported $1.5 billion in free cash flow for the three-month period, driven by soaring gold prices that hit all-time highs in US dollars. In response, Barrick increased its base dividend and expanded its share buyback program. “This strong cash flow… Read More Here
President Hichilema Urges Faster Completion of Tanzania-Zambia Power Interconnector 23 Mining in Zambia Energy 

President Hichilema Urges Faster Completion of Tanzania-Zambia Power Interconnector

Constance
Zambia Calls for Accelerated Tanzania-Zambia Power Interconnector to Address Mining Sector Energy Shortage President Hakainde Hichilema has expressed concern over the slow progress of the Tanzania-Zambia power interconnector project, emphasizing that Zambia urgently needs electricity that Tanzania currently has in surplus. Speaking during a bilateral meeting with a European Union delegation on Wednesday, President Hichilema stressed that the project is critical for Zambia’s growing economy and energy security. “We appreciate your support, but we are seriously concerned about the pace. Tanzania has excess power, and we need it here—we can… Read More Here
EU Commits €50 Million to Rehabilitate Zambia’s Livingstone–Ndola Railway 24 Mining in Zambia Transport and Logistics 

EU Commits €50 Million to Rehabilitate Zambia’s Livingstone–Ndola Railway

Constance
EU Funds Livingstone–Ndola Railway Rehabilitation to Boost Zambia’s Regional Trade and Mining Logistics The European Union has committed €50 million to rehabilitate the railway line from Livingstone to Ndola, a major investment expected to strengthen regional trade corridors and reduce transport costs across Zambia and Southern Africa. The announcement followed a tour of the Ngwerere–Lusaka rail section by European Commissioner for International Partnerships Jozef Sikela, who reiterated the EU’s long-standing support for Africa’s infrastructure development agenda. “Modernising Zambia’s logistics infrastructure will strengthen not only the country’s economy but also Europe’s… Read More Here
Tin Prices Rise as Most Congolese Minerals Decline in Weekly Market Update 25 Mining in DRC Cobalt Copper News in Brief Tin 

Tin Prices Rise as Most Congolese Minerals Decline in Weekly Market Update

Constance
Congo Mineral Prices Drop This Week as Cobalt, Copper, Nickel Fall — Tin Posts Rare Increase The prices of most major Congolese raw materials trended downward this week, according to commodity price data released on Monday, November 10, 2015. Tin was the only major mineral to record a notable increase, while several rare metals held steady. Cobalt, a key component in electric vehicle batteries, posted a slight decline, easing from $47 908.00 to $47 902.00 per tonne. Copper, one of the Democratic Republic of Congo’s most important export minerals, also… Read More Here
Ghana Scraps VAT on Mineral Exploration to Revitalise Mining Investment 26 International 

Ghana Scraps VAT on Mineral Exploration to Revitalise Mining Investment

Constance
Ghana Abolishes 15% VAT on Mineral Exploration to Attract New Mining Investment in 2026 Budget Ghana will eliminate value-added tax (VAT) on mineral exploration and reconnaissance activities to stimulate new investment in its mining sector, Finance Minister Cassiel Ato Forson announced during the presentation of the 2026 national budget. The move is part of the country’s broader effort to revive a sector that has struggled to attract significant greenfield projects for more than two decades. The 15% VAT was introduced 25 years ago as part of wider fiscal reforms and… Read More Here
Zambia’s Energy Reforms Attract EU Investors as President Hichilema Calls for Increased Private Sector Participation 27 Mining in Zambia Energy 

Zambia’s Energy Reforms Attract EU Investors as President Hichilema Calls for Increased Private Sector Participation

Constance
Zambia’s Energy Sector Reforms Spark Renewed Investor Interest, Hichilema Says President Hakainde Hichilema says the reforms his administration has introduced across key sectors are creating new investment opportunities that did not exist before, particularly within the energy industry. He noted that policy measures such as Open Access and Net Metering have opened the power sector to greater private sector participation in both electricity generation and supply. Speaking at State House during a meeting with Zambia’s Honorary Consuls to several European Union countries—who were accompanied by a delegation of private sector… Read More Here
Dangote Group Seeks Partnership with Zambia to Boost Energy Supply and Local Value Addition 28 Mining in Zambia Coal Energy 

Dangote Group Seeks Partnership with Zambia to Boost Energy Supply and Local Value Addition

Constance
Aliko Dangote Meets President Hichilema to Discuss Coal, Energy Investment, and Industrialization in Zambia The Dangote Group has expressed its readiness to partner with Zambia to harness the country’s coal deposits as part of efforts to help address the national electricity deficit. Group President Aliko Dangote met with President Hakainde Hichilema at State House to discuss potential collaborations focused on adding value to Zambia’s raw materials and expanding energy production. Mr. Dangote emphasized the Group’s interest in working with the Zambian government to promote local processing before export, noting that… Read More Here
DRC Marks Milestone with First 1,000 Tons of Traceable Artisanal Cobalt 29 Mining in DRC Battery Metals Cobalt 

DRC Marks Milestone with First 1,000 Tons of Traceable Artisanal Cobalt

Constance
Traceable artisanal cobalt hits 1,000 tons in DR Congo, setting a benchmark for ethical mining and supply chain trust The Democratic Republic of Congo (DRC) has reached a major milestone in formalizing its cobalt sector, producing its first 1,000 metric tons of traceable artisanal cobalt. This move is seen as a critical step in ensuring a more transparent and ethically sourced supply of the battery metal that powers electric vehicles and energy storage systems worldwide. Congo is home to roughly 72% of global cobalt reserves and supplies more than 74%… Read More Here
Sweden and Zambia Forge Strategic Alliance for Sustainable Mining and Energy 30 Mining in Zambia Events & Expos 

Sweden and Zambia Forge Strategic Alliance for Sustainable Mining and Energy

Constance
A New Era of Green Industrial Growth Rooted in Innovation, Technology, and Shared Values Sweden and Zambia have reaffirmed their commitment to a dynamic partnership focused on sustainable mining, renewable energy, and inclusive industrial development. Anchored in innovation and responsible resource management, this collaboration aims to accelerate green transformation across both nations.  Shared Vision for a Sustainable Future Swedish Ambassador Johan Hallenberg emphasized the enduring relationship between Sweden and Zambia, built on democratic values and mutual respect.  He noted that both countries are rich in natural resources, a common strength… Read More Here

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