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Gemfields Reports Short-Term Cash Flow Challenges Amid Operational Disruptions 21 Corporate News Gemstones 

Gemfields Reports Short-Term Cash Flow Challenges Amid Operational Disruptions

Constance
Gemfields Interim Trading Update: Lower Revenues, Operational Challenges, and Strategic Moves to Boost Liquidity Gemfields has issued a trading update ahead of its interim results scheduled for September 26, following its operational update for the six months ended June 30 released in July. CEO Sean Gilbertson attributed the performance to several temporary challenges that resulted in short-term cash flow pressures. “Gemstone production proved challenging during the period at both of our mines,” Gilbertson stated. “Montepuez Ruby Mining (MRM) saw a decline in premium ruby output, while Kagem Mining suspended mining… Read More Here
GoviEx Uranium Files Key Environmental Report for Muntanga Project in Zambia 22 Mining in Zambia Corporate News Uranium 

GoviEx Uranium Files Key Environmental Report for Muntanga Project in Zambia

Constance
GoviEx Uranium Advances Muntanga Project with Environmental Report Filing in Zambia TSX-V-listed GoviEx Uranium has formally submitted the Environmental and Social Impact Assessment (ESIA) report for its Muntanga uranium project in Zambia to the Zambia Environmental Management Agency (ZEMA). This follows an earlier draft ESIA submission earlier this year, which ZEMA reviewed without raising objections and subsequently requested GoviEx to proceed with the final filing. A Crucial Step in Project Development Prepared in compliance with Zambian regulations and international best practices, the ESIA is a fundamental requirement for securing an… Read More Here
Tshisekedi Says US-Brokered Peace Deal With Rwanda Fails to Halt Fighting in Eastern DRC 23 Mining in DRC Regional conflict 

Tshisekedi Says US-Brokered Peace Deal With Rwanda Fails to Halt Fighting in Eastern DRC

Constance
DRC’s Tshisekedi: US-Mediated Peace Deal With Rwanda Stalls as M23 Conflict Persists President Félix Tshisekedi of the Democratic Republic of Congo (DRC) said on Monday that a US-mediated peace deal with Rwanda, signed in June, has so far failed to stop fighting in the country’s conflict-ridden east. Speaking in New York, Tshisekedi thanked US President Donald Trump for his mediation efforts but stressed that violence persists. A Fragile US-Brokered Agreement The peace deal, brokered by Washington on June 27, sought to end Rwandan support for the M23 rebel movement, which… Read More Here
Tshisekedi Urges Global Action to Cut Rebel Financing From DRC’s Minerals 24 Mining in DRC 

Tshisekedi Urges Global Action to Cut Rebel Financing From DRC’s Minerals

Constance
At UN Assembly, DRC’s Tshisekedi Calls for Global Transparency to End Mineral-Fueled Conflicts Speaking on Tuesday, September 23, 2025, at the 80th Ordinary Session of the United Nations General Assembly, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) issued a strong appeal to world leaders: break the toxic link between mining revenues and the financing of non-state armed groups. According to Tshisekedi, this can only be achieved through a set of global reforms that ensure minerals are mined, traded, and consumed under transparent and responsible conditions. Key Measures… Read More Here
DRC Strengthens Mining Sector Oversight With New Provincial Tax Agreements 25 Mining in DRC 

DRC Strengthens Mining Sector Oversight With New Provincial Tax Agreements

Constance
DRC Mining Registry Signs New Deals With Provinces to Boost Revenues and Transparency Reforms in the Democratic Republic of Congo’s (DRC) mining sector continue to gain momentum, particularly in the area of mining remediation and transparency. On Friday, September 19, 2025, the Mining Registry (CAMI) signed a memorandum of understanding (MoU) with the province of Maniema to regulate the surface area tax on mining concessions. Under the agreement, CAMI will support Maniema in collecting this tax, while also providing technical expertise, shared databases, and training for local staff to strengthen… Read More Here
President Tshisekedi Defends DRC–KoBold Metals Mining Deal as “Win-Win” Partnership 26 Mining in DRC Exploration New Mining Projects 

President Tshisekedi Defends DRC–KoBold Metals Mining Deal as “Win-Win” Partnership

Constance
DRC President Tshisekedi Clarifies KoBold Metals Agreement: A Transparent “Win-Win” Deal, Not Exploitation The Congolese government and KoBold Metals signed an agreement in principle in July concerning mining operations in the Democratic Republic of Congo (DRC). Since then, the partnership has been the subject of widespread speculation, with false images and misleading claims circulating on social media. On the sidelines of the 80th United Nations General Assembly in New York this Monday, President Félix Tshisekedi addressed the controversy directly. He stressed that the deal with KoBold is not predatory, but… Read More Here
DRC Mining Firms Accused of Withholding $2.7M Meant for Community Development 27 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 28 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 29 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 30 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

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