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CKM Newsletter 27-10-2025 21 Uncategorized 

CKM Newsletter 27-10-2025

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              The DRC & ZMB’s Top Mining News Platform CKM’s Mining Updates to Recharge Your Week     Chinese mining giant CMOC expands DRC Kisanfu mine with $1.08B investment, strengthening global copper and cobalt leadership…   Chinese mining giant CMOC Ltd. is accelerating its growth in the Democratic Republic of Congo (DRC) with a $1.08 billion investment to expand its Kisanfu mine in Lualaba province. The second phase of operations, scheduled for completion in 2027, is expected to increase annual copper production by 100,000… Read More Here
Angola Joins Bidders to Acquire Anglo American’s Stake in De Beers 41 Corporate News Diamond International 

Angola Joins Bidders to Acquire Anglo American’s Stake in De Beers

Constance
Angola submits bid for Anglo American’s De Beers stake as Botswana and investor groups compete Angola has submitted a formal offer to acquire Anglo American’s 85% majority stake in De Beers, joining a growing list of potential buyers that includes Botswana and investor groups led by former De Beers executives. State-owned Angolan diamond producer Endiama presented a “concrete and well-defined proposal” and is moving forward with subsequent steps, said CEO José Manuel Ganga Júnior, who declined to provide further details due to the confidential nature of negotiations. The sale is… Read More Here
Red Rock Resources Signs MoU to Launch Social Housing Factories in DRC 42 Mining in DRC 

Red Rock Resources Signs MoU to Launch Social Housing Factories in DRC

Constance
Red Rock Resources partners with DRC government to build social housing factories, supporting mining JV growth London-listed Red Rock Resources has reached a major milestone in its joint venture (JV) with Koto DRC, signing a memorandum of understanding (MoU) with the Democratic Republic of Congo’s Ministry of Rural Development to fund and commence construction of three factories for social housing. Each factory is expected to produce at least 3,000 housing units annually, marking the first tangible step in the JV’s broader plan to eventually establish 142 factories nationwide. The Koto… Read More Here
Malawi Bans Raw Mineral Exports to Boost Local Industry and Economic Value 43 International 

Malawi Bans Raw Mineral Exports to Boost Local Industry and Economic Value

Constance
Malawi halts raw mineral exports in $500M plan to promote domestic processing and industrialisation Malawi has imposed a nationwide ban on the export of raw minerals, a decisive move aimed at retaining resource wealth and fostering domestic industrialisation. President Peter Mutharika, speaking at a cabinet swearing-in ceremony at Sanjika Palace in Blantyre, emphasized that the policy takes effect immediately and is intended to stimulate local processing, create jobs, and enhance economic independence. He estimated that Malawi could retain up to $500 million annually through value addition rather than raw exports.… Read More Here
DRC Seeks $500 Million World Bank Support for Lobito Corridor Project 44 Transport and Logistics Mining in DRC 

DRC Seeks $500 Million World Bank Support for Lobito Corridor Project

Constance
DRC requests $500M from World Bank to develop Lobito Corridor, boosting regional trade and infrastructure During the IMF and World Bank Annual Meetings, the Democratic Republic of Congo (DRC) Finance Minister, Doudou Fwamba, submitted a $500 million financing request to the World Bank to support the Lobito Corridor project. The Finance Ministry confirmed that the institution has agreed to review the proposal. In discussions with World Bank Managing Director for Operations Anna Bjerde, Minister Fwamba outlined the government’s vision to spur economic growth along the strategic transport corridor, focusing on… Read More Here
CMOC expands DRC Kisanfu mine with $1.08B investment 45 Mining in DRC Corporate News 

CMOC expands DRC Kisanfu mine with $1.08B investment

Constance
Chinese mining giant CMOC expands DRC Kisanfu mine with $1.08B investment, strengthening global copper and cobalt leadership Chinese mining giant CMOC Ltd. is accelerating its growth in the Democratic Republic of Congo (DRC) with a $1.08 billion investment to expand its Kisanfu mine in Lualaba province. The second phase of operations, scheduled for completion in 2027, is expected to increase annual copper production by 100,000 tons, reinforcing CMOC’s position as a global copper leader. Record Financial Performance in 2025 CMOC’s financial results in 2025 have been exceptional. In the third… Read More Here
DRC Proposes Strategic Minerals Organization to Stabilize Global Market 46 Mining in DRC 

DRC Proposes Strategic Minerals Organization to Stabilize Global Market

Constance
DRC calls for creation of OPEC-style group for strategic minerals to boost African leverage and market stability The Democratic Republic of Congo (DRC) has called for the creation of an Organization of Strategic Minerals Producing and Exporting Countries, modeled on OPEC, to protect member interests and stabilize global markets for critical resources. The announcement was made on October 22, 2025, in Geneva. “The DRC, a country rich in strategic minerals, is advocating for an organization similar to OPEC to defend member interests, stabilize the strategic minerals market, ensure predictable revenues,… Read More Here
Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties 47 Gold Economy News in Brief 

Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties

Constance
Gold Surges Amid Market Uncertainty, Cementing Its Safe-Haven Status Gold continues to demonstrate its role as a safe-haven asset during periods of instability. By the end of the second week of October 2025, the price of an ounce of gold reached $3,978.10, marking a weekly gain of 2.4%. Several factors contributed to this rise. Markets are pricing in a potential cut in US interest rates, alongside a weaker US dollar. Investor anxiety is further fueled by ongoing concerns over a possible US government shutdown, a scenario that historically heightens market… Read More Here
Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC 48 Mining in DRC Gold 

Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC

Constance
M23 rebels accused of stealing 500 kg of gold from Twangiza Mining’s DRC concession amid ongoing conflict Twangiza Mining has accused M23 rebels occupying its gold concession in eastern Democratic Republic of Congo (DRC) of stealing at least 500 kg of gold bullion—worth an estimated $70 million—since taking control of the site in May 2025. The company also alleged that some of its own employees assisted the rebels in smuggling the gold out of the mine, located in South Kivu province, where M23 has dramatically expanded its territorial control this… Read More Here
Sibanye-Stillwater, Glencore Merafe Venture Finalise Chrome Agreements to Boost Long-Term Value 49 International Corporate News 

Sibanye-Stillwater, Glencore Merafe Venture Finalise Chrome Agreements to Boost Long-Term Value

Constance
Sibanye-Stillwater and Glencore Merafe Venture complete chrome agreements to optimise South African PGM operations Multinational mining and metals group Sibanye-Stillwater has confirmed that all conditions precedent for the implementation of its new chrome agreements with the Glencore Merafe Venture (GM Venture) have been met. The agreements will officially take effect on November 1, the company announced. “The closure of the Glencore Merafe agreements marks a pivotal step in unlocking long-term value from our significant chrome by-products at our South African platinum group metal (PGM) operations,” said Sibanye-Stillwater CEO Richard Stewart.… Read More Here

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