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DRC Losing $7.5 Billion Annually to Illegal Artisanal Gold Exports 1 Mining in DRC Artisanal mining Economy Gold 

DRC Losing $7.5 Billion Annually to Illegal Artisanal Gold Exports

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DR Congo Faces Massive Gold Smuggling Crisis as Illegal Exports Drain Billions from Economy The Democratic Republic of Congo (DRC) continues to suffer massive financial losses from the illegal export of artisanal gold, with authorities estimating that nearly 50 tonnes of gold are smuggled out of the country each year. According to DRC Gold Trading SA, the illicit trade is costing the national economy an estimated US$7.5 billion annually. The figures were revealed by the company’s Director General, Joseph M. Kazibaziba, in a video shared on the company’s X account,… Read More Here
Zimbabwe’s Mining Sector Set for Major Job Boom Amid Rising Global Mineral Demand 2 International Economy 

Zimbabwe’s Mining Sector Set for Major Job Boom Amid Rising Global Mineral Demand

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Zimbabwe Mining Industry Expected to Create 100,000 Jobs as Lithium and Gold Investments Surge Zimbabwe’s mining industry is preparing for one of its largest recruitment drives in recent years, with the sector expected to create up to 100,000 new jobs over the next five years as investment flows into gold, lithium, platinum, and chrome projects. The expansion comes amid rising global demand for strategic minerals used in electric vehicles, energy storage systems, and industrial manufacturing, positioning Zimbabwe as a key player in the global resource market. According to The Herald,… Read More Here
KCM Restarts Chingola “B” Mine After 18-Year Shutdown in Major Zambia Copper Expansion Push 3 Copper Corporate News Mining in Zambia 

KCM Restarts Chingola “B” Mine After 18-Year Shutdown in Major Zambia Copper Expansion Push

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Konkola Copper Mines Restarts Chingola B Mine After 18 Years as Zambia Targets 3 Million Ton Copper Output by 2031 Konkola Copper Mines (KCM) has resumed mining operations at its Chingola “B” Mine, marking the restart of activity after 18 years of closure. The move forms part of Zambia’s broader strategy to significantly scale up copper production as the country targets more than 3 million tonnes of annual output by 2031. The Chingola B Mine is located within the larger Nchanga mining complex and is expected to play a key… Read More Here
Trafigura Withdraws Major Copper Volumes from LME as Global Arbitrage Drives US and China Demand 4 International Corporate News 

Trafigura Withdraws Major Copper Volumes from LME as Global Arbitrage Drives US and China Demand

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Trafigura Pulls 51,000 Tons of Copper from LME Warehouses as US–China Price Gap Sparks Record Arbitrage Trade Global commodities trader Trafigura Group has initiated the withdrawal of hundreds of millions of dollars’ worth of copper from London Metal Exchange (LME) warehouses, capitalising on widening price disparities between markets in the United States, China, and Europe. According to market participants familiar with the transactions, Trafigura was the principal party behind orders to remove more than 51,000 tonnes of copper from LME storage facilities across the US and Asia on Friday. The… Read More Here
Lualaba Governor Calls for Economic Transformation at KBM 2026 in Kolwezi 5 Mining in DRC Governance 

Lualaba Governor Calls for Economic Transformation at KBM 2026 in Kolwezi

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Lualaba Governor Fifi Masuka Urges Shift from Raw Mineral Exports to Local Industrialisation at KBM 2026 At the opening of the 7th edition of the Katanga Business Meeting (KBM 2026), held on 20 May in Kolwezi, Governor Fifi Masuka of Lualaba Province called for a structural transformation of the Democratic Republic of Congo’s economic model. The event, which brought together investors, mining companies, and development partners under the theme “Investing in a sustainable future for a winning Africa,” focused on the need to move beyond an extractive economy reliant on… Read More Here
KCC Inaugurates One-Stop Shop and Customs Office to Modernise Mining Administration in the DRC 6 Mining in DRC Copper Corporate News 

KCC Inaugurates One-Stop Shop and Customs Office to Modernise Mining Administration in the DRC

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Kamoto Copper Company Launches One-Stop Customs Facility to Streamline Mining Operations in the Democratic Republic of Congo On 19 May, Kamoto Copper Company (KCC), a joint venture between Glencore, Gécamines, and the Government of the Democratic Republic of Congo, officially inaugurated a new one-stop shop and customs office aimed at modernising and streamlining administrative processes in the country’s mining sector. The launch event brought together government officials, technical institutions, and industry stakeholders, underscoring growing efforts to improve transparency, efficiency, and governance within the Democratic Republic of Congo’s (DRC) mining industry.… Read More Here
Equity Group Posts 24% Profit Growth as Regional Subsidiaries Become Core Earnings Driver 7 Mining in DRC Economy 

Equity Group Posts 24% Profit Growth as Regional Subsidiaries Become Core Earnings Driver

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Equity Group Holdings Q1 2026 Profit Rises 24% as African Subsidiaries Contribute Majority of Earnings Equity Group Holdings posted a 24% increase in profit after tax to KSh 19.1 billion (approximately CDF 556.4 billion) for the first quarter of 2026. The performance was driven largely by strong growth across its regional subsidiaries outside Kenya, marking a structural shift in the Group’s earnings base. The Nairobi-listed banking group, which operates in six African countries, also recorded a 16% expansion in its balance sheet to KSh 2.04 trillion (CDF 59.4 trillion). Growth… Read More Here
ZCCM-IH Forms Gold Development Joint Venture for Kikonge Project in Zambia 8 Mining in Zambia Economy Gold 

ZCCM-IH Forms Gold Development Joint Venture for Kikonge Project in Zambia

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ZCCM-IH Launches Kyalo Goldfields JV to Develop Kikonge Gold Project and Expand Zambia’s Gold Value Chain ZCCM Investments Holdings Plc (“ZCCM Investments Holdings Plc”) has announced a major step forward in its gold sector expansion strategy following the incorporation of a new special purpose vehicle, Kyalo Goldfields Limited (“KGL”), to develop the Kikonge gold project in Zambia’s North Western Province. The announcement follows a memorandum of understanding signed on 19 December 2025 between ZCCM-IH, the Ministry of Mines and Mineral Development (“MOMMD”), and Mining Mineral Resources SAS (“MMR”) for the… Read More Here
Barrick Tightens Ebola Safety Measures at Kibali Gold Mine Amid Deadly Congo Outbreak 9 Mining in DRC Gold Mining safety Safety & Health 

Barrick Tightens Ebola Safety Measures at Kibali Gold Mine Amid Deadly Congo Outbreak

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Barrick Increases Ebola Screening at Kibali Mine as Congo Outbreak Death Toll Reaches 131 Barrick Mining has intensified Ebola prevention measures at its Kibali Gold Mine in eastern Democratic Republic of Congo (DRC) following a deadly outbreak in a neighbouring province. The company confirmed that no Ebola cases have been detected among workers at the mine. However, Barrick has introduced enhanced screening and monitoring procedures as a precautionary response to the outbreak, which has already claimed 131 lives, according to health officials. Ebola, a highly infectious virus transmitted through bodily… Read More Here
Gemfields Emerald Auction Raises $26.8 Million Amid Cautious Global Market 10 Gemstones Corporate News News in Brief 

Gemfields Emerald Auction Raises $26.8 Million Amid Cautious Global Market

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Gemfields Generates $26.8 Million from Zambia Emerald Auction Despite Global Economic Uncertainty Johannesburg- and London-listed gemstone miner Gemfields has reported revenue of $26.8 million from its latest auction of higher-quality rough emeralds sourced from the company’s 75%-owned Kagem Mine in Zambia. The auction, held between May 4 and May 21, saw strong participation, with 36 of the 37 lots offered successfully sold. Out of 185,135 carats made available, 183,385 carats were purchased. Gemfields achieved an average realised price of $146.08 per carat during the auction. According to Gemfields Product and… Read More Here

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