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DRC Mining Firms Accused of Withholding $2.7M Meant for Community Development 21 Mining in DRC 

DRC Mining Firms Accused of Withholding $2.7M Meant for Community Development

Constance
DRC Court of Auditors: Mining Firms Owe $2.7 Million to Local Communities Under Mining Code Article 258 bis of the Democratic Republic of Congo’s Mining Code requires mining companies to allocate at least 0.3% of their annual turnover to community development projects. However, a recent investigation by the Court of Auditors revealed that several major operators failed to comply with this legal obligation between 2018 and 2023—despite recording significant revenues. According to the report, Om Metal Resources (OM), Société Anhui-Congo d’Investissement Minier (SACIM), and Société de Traitement du Terril de… Read More Here
Angola Enters Race for De Beers Stake with Pan-African Ownership Proposal 22 Diamond Corporate News International 

Angola Enters Race for De Beers Stake with Pan-African Ownership Proposal

Constance
Angola’s Endiama Bids for Minority Stake in De Beers, Proposing Shared African Ownership Model Angola’s state-owned diamond company, Endiama, has formally submitted a bid for a minority stake in De Beers, intensifying competition for control over the world’s largest diamond producer as parent company Anglo American prepares to sell. The Ministry of Mineral Resources confirmed that Endiama lodged a “fully financed offer.” Minister Diamantino Pedro Azevedo said the proposal aims to establish a pan-African ownership model that prevents dominance by any single country while safeguarding De Beers’ independence and competitiveness.… Read More Here
DRC Reaffirms Cobalt Export Quota Policy to Boost Local Value 23 Mining in DRC Cobalt 

DRC Reaffirms Cobalt Export Quota Policy to Boost Local Value

Constance
Democratic Republic of Congo Stands Firm on Cobalt Export Quotas to Control Prices and Promote Local Processing The Democratic Republic of Congo (DRC) will maintain its newly announced cobalt export quota system, with potential revisions only possible in the long term if deemed necessary, the country’s mining minister confirmed. Mining Minister Louis Watum Kabamba emphasized that Congo is focused on attracting investments that include more local processing of cobalt, aiming to increase the value of its exports. “We cannot let others decide for us. Whether there is a stockpile or… Read More Here
DRC’s Chemaf Faces Closure as Global Battle for Cobalt Heats Up 24 Mining in DRC Cobalt Copper Corporate News 

DRC’s Chemaf Faces Closure as Global Battle for Cobalt Heats Up

Constance
Chemaf Faces November Shutdown as US-China Rivalry Over Congo’s Copper and Cobalt Intensifies A copper and cobalt producer in the Democratic Republic of Congo (DRC) has warned it may halt operations in November if it cannot secure new investment, underscoring the mounting tension between the United States and China over access to critical minerals. Chemaf Resources Ltd., backed by commodities trader Trafigura Group, has been searching for a buyer for more than two years after financial difficulties stalled its flagship projects. The company, which employs about 3,000 people, said it… Read More Here
Nigeria Revokes 1,263 Mining Licences to Attract Serious Investors 47 International 

Nigeria Revokes 1,263 Mining Licences to Attract Serious Investors

Constance
Nigeria Cancels Over 1,200 Dormant Mining Licences to Boost Solid Minerals Investment The Nigerian government has revoked 1,263 mineral licences in a sweeping effort to reform its underdeveloped mining sector and eliminate speculative operators. The move aims to free up access for serious investors seeking opportunities in the country’s solid minerals industry. The affected licences, now slated for removal from the Electronic Mining Cadastral System (eMC+) portal of the Nigerian Mining Cadastral Office (MCO), include: 584 exploration licences 65 mining leases 144 quarry licences 470 small-scale mining leases Cracking Down… Read More Here
Mali Approves Seven New Mining Deals to Boost State Revenue and Resource Sovereignty 48 International 

Mali Approves Seven New Mining Deals to Boost State Revenue and Resource Sovereignty

Constance
Mali Signs Seven New Mining Agreements to Strengthen State Role in Gold and Lithium Projects Mali’s military government has approved seven new agreements with international and local mining companies, deepening state participation and increasing revenues as part of its broader push for resource sovereignty. The Council of Ministers endorsed the exploitation and exploration contracts on Friday, according to an official statement. The deals guarantee the state a non-reducible stake in each project, along with priority access to dividends. The agreements cover several high-profile gold operations, including: Sadiola mine, operated by… Read More Here
Zambia Launches First Geological Survey Digital Store to Boost Mining Transparency and Investment 49 Mining in Zambia 

Zambia Launches First Geological Survey Digital Store to Boost Mining Transparency and Investment

Constance
Zambia Unveils Geological Survey Digital Platform to Modernize Mining Data and Attract Investors The Government of Zambia has officially launched the country’s first-ever Geological Survey Department (GSD) Digital Store, a landmark step in national digital transformation and smarter natural resource management. The launch ceremony was held at the Taj Pamodzi Hotel in Lusaka. Speaking at the event, Ms. Kasali Musenge, Acting National Coordinator of the Smart Zambia Institute, reaffirmed the government’s commitment to hosting and managing the platform locally. “This initiative underscores our dedication to building home-grown digital solutions that… Read More Here
Zambia to Add 740 MW of Solar Power as President Hichilema Pushes Renewable Energy Drive 50 Mining in Zambia Energy 

Zambia to Add 740 MW of Solar Power as President Hichilema Pushes Renewable Energy Drive

Constance
Zambia Announces Major Solar Expansion to Combat Power Shortages and Achieve 1,000 MW Target President Hakainde Hichilema has unveiled ambitious plans to tackle Zambia’s chronic power shortages through a major shift toward renewable energy, announcing that over 740 megawatts (MW) of new solar capacity will come online within the next 12 months. Speaking during the Fifth Session of the Thirteenth National Assembly, President Hichilema acknowledged the impact of electricity outages on both citizens and businesses. “We feel the pain and frustration of power outages faced by our citizens, which include… Read More Here
Zambia Revenue Authority Seizes Millions in Crackdown on Non-Compliant Mining Firms 51 Mining in Zambia Mining tax 

Zambia Revenue Authority Seizes Millions in Crackdown on Non-Compliant Mining Firms

Constance
Zambia Revenue Authority Cracks Down on Tax Evasion in Mining Sector, Seizes K3.7M and US$3,091 The Zambia Revenue Authority (ZRA) has seized over K3.7 million and US$3,091 in suspected undeclared income during an enforcement operation targeting four non-compliant mining companies in Kasempa District. The operation, conducted by ZRA’s Investigation Department, focused on Katenge Resources Ltd, Ken Reliable, Sunion Investment, and Sino Octascene, as part of the authority’s broader efforts to combat tax evasion and ensure compliance with tax laws. During the raid, Huang Qingyi, a director of Sino Octascene, was… Read More Here

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