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DRC and EU Forge Strategic Partnership for Sustainable Mineral Value Chains 17 Mining in DRC Partnership 

DRC and EU Forge Strategic Partnership for Sustainable Mineral Value Chains

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The Democratic Republic of Congo (DRC) and the European Union (EU) have formalized a strategic partnership roadmap to enhance the value chains of critical and strategic minerals extracted in the DRC. This milestone agreement, signed on December 11, 2024, in Brussels, Belgium, by DRC Minister of Mines Kizito Pakabomba and EU representatives, seeks to transform Congolese mineral resources into global opportunities. The agreement is structured around five main pillars: “This partnership heralds a new era for the Congolese mining sector, positioning our country as a vital supplier of critical minerals… Read More Here
Accountability Demanded in Illegal Mineral Exploitation Scandal Involving Chinese Nationals in DRC 18 Mining in DRC 

Accountability Demanded in Illegal Mineral Exploitation Scandal Involving Chinese Nationals in DRC

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The coalition “Congo is Not for Sale” (CNPAV) has expressed deep dismay over the unresolved case of Chinese nationals involved in the illegal exploitation of minerals in the Democratic Republic of Congo (DRC). In a press release addressed, CNPAV criticized the lack of transparency surrounding the incident, particularly the exfiltration of these individuals, allegedly facilitated by state authorities. The coalition described the incident as an act of corruption that reflects poor governance and mismanagement of public affairs. It warned that such practices deprive the Congolese people of critical resources needed… Read More Here
Zambia Among Africa’s Top 10 Fastest-Growing Economies for 2025 19 Mining in Zambia Economy 

Zambia Among Africa’s Top 10 Fastest-Growing Economies for 2025

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Zambia has been ranked among the top 10 African countries expected to experience significant Gross Domestic Product (GDP) growth in 2025, according to the latest World Economic Outlook report by the International Monetary Fund (IMF). The IMF projects a 6.6% GDP growth for Zambia, placing it sixth on the continent. This growth is anticipated to stem from the easing of adverse weather effects and supply chain constraints. The Economics Association of Zambia (EAZ) has endorsed the IMF’s projection, describing it as realistic due to the government’s implementation of long-term economic… Read More Here
Barrick Continues to Unlock Value Embedded in Its Asset Base 20 International Corporate News Gold 

Barrick Continues to Unlock Value Embedded in Its Asset Base

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Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade while it continues to unlock the value embedded in its portfolio. Mark Bristow says while Barrick was alert to potentially value-accretive opportunities generated by the consolidation of the industry, it had the rare luxury of doing so from an asset base that would support organic growth well into the future. “Five years ago, we set out to build a sustainably profitable gold and copper business focused on world-class… Read More Here
Zambia Partners with Mercuria and IDC to Enhance Copper Trade 21 Copper Economy Mining in Zambia 

Zambia Partners with Mercuria and IDC to Enhance Copper Trade

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Independent energy and commodity group Mercuria has entered into a strategic joint venture (JV) partnership with Zambia’s state-owned Industrial Development Corporation (IDC) to establish a metals trading company through Industrial Resources Limited, a wholly owned IDC subsidiary. This partnership positions Zambia, Africa’s second-largest copper producer, to actively participate in minerals trading. Mercuria will support Zambia in building independent institutional marketing and trading capacity for its copper resources. “Our joint venture with IDC marks a significant milestone for Zambia as it positions itself more strategically in the global minerals market,” said… Read More Here
ZDA Achieves $9.89 Billion in Realized Investments, Creating Over 40,000 Jobs 22 Mining in Zambia Economy 

ZDA Achieves $9.89 Billion in Realized Investments, Creating Over 40,000 Jobs

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The Zambia Development Agency (ZDA) has successfully actualized $9.83 billion of the $58.78 billion in committed investments, translating into 497 projects across various sectors. These initiatives, representing a commitment of $18.74 billion, have generated 40,395 jobs, surpassing the initial target of 38,119 jobs. ZDA Director General Albert Halwampa highlighted the Agency’s intensified efforts to support investment projects that foster job creation and economic growth. In 2024, ZDA ramped up its trade, investment, and business development activities through targeted trade missions and enhanced support services to boost competitiveness in key economic… Read More Here
Zambia Urges Sustainable Energy Investments Amid Power Deficit 41 Mining in Zambia Electricity Energy 

Zambia Urges Sustainable Energy Investments Amid Power Deficit

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The Ministry of Energy has urged investors to focus on sustainable electricity generation to address Zambia’s power shortage, worsened by climate-related low water levels. Speaking in Lusaka, Permanent Secretary Peter Mumba reaffirmed the government’s commitment to supporting energy sector investments. This call to action came during a meeting with the China Civil Engineering Construction Corporation (CCECC), which plans to develop two solar power plants in Nalolo and Lukulu districts of Western Province. These projects aim to add 600 megawatts to the national grid. PS Mumba disclosed that Zambia’s electricity generation… Read More Here
DRC Prime Minister Grants Moratorium on End-of-Year Audits for Businesses 42 Mining in DRC Economy Governance 

DRC Prime Minister Grants Moratorium on End-of-Year Audits for Businesses

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Prime Minister Judith Suminwa has announced a nationwide moratorium on state services’ control missions targeting companies. The suspension, effective from December 16, 2024, to January 30, 2025, was granted in response to concerns raised by the Federation of Congolese Enterprises (FEC) over administrative burdens at the end of the fiscal year. “I have decided to grant a moratorium on all tax audits, non-tax revenue audits, and routine economic audits to allow economic operators to prepare their financial statements with peace of mind,” wrote the Prime Minister in a letter dated… Read More Here
CAMI Urges Mining and Quarry Right Holders to Fulfill 2024 Payment Obligations 43 Mining in DRC 

CAMI Urges Mining and Quarry Right Holders to Fulfill 2024 Payment Obligations

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The Mining Registry (CAMI), the official portal for the Democratic Republic of Congo’s extractive sector, has issued a reminder to holders of mining and quarry rights. As of December 15, 2024, payments for annual surface rights for the 2024 financial year have not been confirmed by CAMI’s financial services. In a press release, CAMI’s Director General, Popol Mabolia, called on the affected holders to submit original proof of payment for both the CAMI quota and the DGRAD quota. The submission deadline is 45 days from the publication of the press… Read More Here

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