The Democratic Republic of Congo (DRC) has officially completed the division of the Cuvette Centrale sedimentary basin into 52 new oil exploration blocks, as confirmed by the country’s Minister of Hydrocarbons, Aimé Sakombi Molendo. This move marks a significant step in expanding the nation’s energy exploration efforts. The delineation ofContinue Reading
Zimbabwe and Zambia are ramping up efforts to revive the long-stalled $5 billion Batoka Gorge hydropower project by exploring a controversial plan to divert water from the Democratic Republic of Congo (DRC) to stabilize Zambezi River flows. The Zambezi River Authority (ZRA), which jointly manages the Kariba Dam for bothContinue Reading
Rome Resources has announced plans to resume drilling at its Bisie North tin project in eastern Democratic Republic of Congo (DRC), following a temporary suspension due to security concerns. Operations were halted on March 14, 2025, after unrest in the region, but the company now aims to restart drilling withinContinue Reading
SKF Zambia proudly hosted the riveting SKF ‘Meet the World’ football tournament at the International School of Lusaka Grounds (ISL) on 12 April 2025. U-17 all-girl teams from six clubs in the rural areas of Lusaka – Kaunda Square Queens, Black Stars Ladies, Kanyama Bulls, Fearless Sports Academy, Bauleni SportsContinue Reading
Zambia’s copper industry is gaining renewed strength, with production rising by nearly 30% in the first quarter of 2025. Output reached approximately 224,000 metric tonnes—up from 173,000 tonnes during the same period last year—according to Mines Minister Paul Kabuswe. The surge is largely credited to revitalised operations and fresh investmentContinue Reading
Zambia is taking a bold step toward renewable energy with a $500 million solar drive that aims to bring clean power to 130,000 households. Spearheaded by ZESCO, the state-owned utility, the initiative is part of a broader Presidential Solar Directive to expand access to sustainable electricity and build energy resilienceContinue Reading
Gemfields has announced $16.4 million in revenue from its recent auction of commercial-quality rough emeralds mined from its 75%-owned Kagem operation in Zambia. The sale, held in Jaipur, India, from April 11 to 29, saw 32 of 36 lots sold at an average price of $6.87 per carat. The resultsContinue Reading
The United States has reiterated its backing for the Lobito Corridor, a major infrastructure project linking the Democratic Republic of Congo (DRC) to Angola’s Atlantic coast, aimed at enhancing regional trade and unlocking the DRC’s mineral wealth. During an April 17, 2025 visit to the DRC, U.S. Senior Advisor MassadContinue Reading
Gold prices are on track to exceed $4,000 per ounce in 2026, according to a JP Morgan forecast released on April 22, 2025. The bank cited rising U.S. recession risks and escalating trade tensions with China as key drivers behind the bullish outlook. JP Morgan expects gold to average $3,675Continue Reading
The Democratic Republic of Congo’s Ministry of Foreign Trade has released updated export prices for the week of April 21, 2025, revealing a mixed performance among key mining commodities. Gold and copper saw price increases following a week of declines. Gold rose to $103.32 per gram from $99.34, while copperContinue Reading
