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AfDB Approves $14.5 Million to Power Zambia’s Clean Energy Transition with New Solar Project 21 Mining in Zambia Energy 

AfDB Approves $14.5 Million to Power Zambia’s Clean Energy Transition with New Solar Project

Constance
African Development Bank Funds $14.5 Million Solar Project to Boost Zambia’s Renewable Energy and Cut Power Shortages The African Development Bank Group (AfDB) has approved a $14.54 million financing package to support the Garneton North 20-megawatt solar power project in Zambia’s Copperbelt Province — a key milestone in the country’s shift toward renewable energy and energy security. The financing includes $7.27 million from the Bank’s own resources and an equal amount in concessional funding from a Development Finance Institution. The project underscores the AfDB’s commitment to closing Zambia’s energy deficit… Read More Here
Zambia’s Kwacha Strengthens on Higher Copper Exports and Improved Fiscal Discipline 22 Mining in Zambia Copper Economy 

Zambia’s Kwacha Strengthens on Higher Copper Exports and Improved Fiscal Discipline

Constance
Rising Mining Exports Strengthen the Kwacha as Confidence Grows in Zambia’s Economic Policy Zambia’s mining exports have driven a surge in foreign exchange inflows, boosting demand for the Kwacha and strengthening the local currency against the US Dollar. As of the latest trading session, the Kwacha stood at K21.70 for buying and K22.13 for selling. Trade experts noted that the increase in copper output—the country’s top export—has played a major role in the currency’s appreciation. They also credited the government’s consistent fiscal management and clear economic direction for improving investor… Read More Here
DRC’s 9th Mining Indaba Highlights Global Rush for Strategic Minerals 23 Mining in DRC Events & Expos 

DRC’s 9th Mining Indaba Highlights Global Rush for Strategic Minerals

Constance
Lubumbashi Hosts 9th Alternative Mining Indaba Focused on DRC’s Strategic Minerals and Sustainable Development Nearly 200 people participated in the 9th edition of the Alternative Mining Indaba, held in Lubumbashi, Haut-Katanga Province, in southeastern Democratic Republic of Congo (DRC), from October 29 to 31, 2025. The participants came from various provinces across the country and represented civil society organizations, local communities, and government institutions. This year’s event carried special significance under the theme “Strategic Minerals of the DRC: Between Global Geopolitical Stakes and Local Socio-Economic Impacts.” Claude Muteba, Executive Director… Read More Here
Turkish Ambassador Highlights Growing Economic and Strategic Ties with the DRC 24 Mining in DRC Economy 

Turkish Ambassador Highlights Growing Economic and Strategic Ties with the DRC

Constance
Turkey Projects $200 Million Trade with DRC in 2025, Targets $500 Million in Medium Term The Ambassador of the Republic of Turkey to the Democratic Republic of Congo (DRC), Murat Ülkü, praised the steady progress in economic and trade relations between the two countries on Wednesday, October 29, 2025, during a ceremony marking the 102nd anniversary of the founding of the Republic of Turkey. Ambassador Ülkü projected that bilateral trade between Turkey and the DRC would surpass USD 200 million this year, adding that both nations are working toward a… Read More Here
Carter Center Forum Calls for Tax Reform to Maximize DRC’s Mineral Revenues 25 Mining in DRC 

Carter Center Forum Calls for Tax Reform to Maximize DRC’s Mineral Revenues

Constance
Carter Center Urges DRC to Modernize Tax System and Boost Revenues from Copper and Cobalt for Sustainable Development On the sidelines of the 9th edition of the DRC Alternative Mining Indaba Conference, the Carter Center organized a forum on Thursday, October 30, 2025, bringing together civil society actors to discuss strategies for optimizing revenues from strategic minerals to finance sustainable development in the Democratic Republic of Congo (DRC), with a particular focus on the copper and cobalt sectors. The discussions, facilitated by Baby Matabishi, Fabien Mayani, and Ismaël Tutu, centered… Read More Here
FQM Advances Preservation Program at Cobre Panama Mine Amid Talks with Government 26 Copper Corporate News International 

FQM Advances Preservation Program at Cobre Panama Mine Amid Talks with Government

Constance
First Quantum Minerals Prepares Cobre Panama Copper Mine for Restart While Supporting Panama’s National Grid First Quantum Minerals (TSX: FM) reported progress at its suspended Cobre Panama copper mine in Panama during the third quarter, advancing the government-approved preservation and safe management program. Commenting on quarterly results, CEO Tristan Pascall said the company, which was preparing for a potential restart of operations, completed the shipment of all remaining copper concentrate, along with some supplies and equipment from the site. The Canadian miner also began pre-commissioning work at the mine’s power… Read More Here
Barrick Mining Denied Request to Expedite Arbitration Case Against Mali 27 Gold Corporate News International 

Barrick Mining Denied Request to Expedite Arbitration Case Against Mali

Constance
Barrick Mining’s Urgent Arbitration Request Against Mali Rejected Amid Mining Dispute Barrick Mining’s request to fast-track its international arbitration case against Mali was rejected, according to two sources familiar with the matter who spoke to Reuters on Friday. The West African country’s government had been engaged in tense negotiations with Barrick since 2023 over the implementation of a new mining code that increased taxes and granted the government a larger share of gold mine revenues. Barrick initiated arbitration proceedings with the World Bank’s International Centre for Settlement of Investment Disputes… Read More Here
Mercuria Energy Funds $100M Prepayments for ERG Copper Supply from the DRC 28 Mining in DRC Copper Corporate News 

Mercuria Energy Funds $100M Prepayments for ERG Copper Supply from the DRC

Constance
Mercuria Provides $100 Million to Support ERG’s Copper Projects in DRC Mercuria Energy Trading SA agreed to provide up to $100 million in prepayments to Eurasian Resources Group (ERG) as part of a three-year supply agreement for copper from the Democratic Republic of Congo (DRC). The financing aimed to support Luxembourg-registered ERG in developing its copper projects in the central African nation, the company said in an emailed statement on Thursday. Mercuria has been expanding aggressively into metals, with a particular focus on copper-rich nations in Central Africa. Its new… Read More Here
Angola Seeks $4.5 Billion to Build Rail Link Connecting Zambia’s Copperbelt 29 Transport and Logistics Angola Mining in Zambia 

Angola Seeks $4.5 Billion to Build Rail Link Connecting Zambia’s Copperbelt

Constance
Angola Secures International Support for $4.5B Zambia-Lobito Rail Corridor to Boost Copper Trade Angola sought $4.5 billion in funding to construct an ambitious rail link to Zambia’s copper-rich region, Transport Minister Ricardo Viegas d’Abreu said. Italy committed $320 million to the project, while the African Development Bank pledged $500 million, d’Abreu told reporters Wednesday on the sidelines of a conference in Luanda, Angola’s capital. He also noted that the Egyptian government had recently expressed interest in financing the initiative. The new Zambian spur is part of the larger Lobito Corridor… Read More Here
Vedanta Posts Strong Quarterly Profit Boosted by Rising Metal Prices 30 International Corporate News 

Vedanta Posts Strong Quarterly Profit Boosted by Rising Metal Prices

Constance
Vedanta Reports 22% Operating Margin as Aluminum and Copper Prices Drive Quarterly Profit Indian metals-to-oil conglomerate Vedanta reported higher quarterly adjusted profits on Friday, driven by rising metal prices. The company’s consolidated profit before tax and exceptional items increased 21.7% year-on-year to 70.14 billion rupees ($798 million) for the quarter ended September 30, 2025. Its operating profit margin rose to 22% from 20%, supported by steady expenses. During the quarter, benchmark three-month aluminum and copper prices rose 8.2% and 5.6%, respectively, amid uncertainties surrounding U.S. trade policies. Higher commodity prices… Read More Here

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