Canadian exploration company Loncor has unveiled promising results from its deep drilling program at the Adumbi Gold Mine in the Democratic Republic of Congo (DRC), confirming high-grade gold deposits at various depths. The latest drilling data revealed significant gold intersections, including:✅ 26.94 grams per ton (g/t) at 0.45 meters✅ 5.82Continue Reading
Gemfields recently conducted a mini auction to sell emeralds from its Kagem mine in Zambia. These gems had remained unsold from a previous sale due to strong competition from another producer offering similar stones at lower prices. Held between February 19 and 21, the auction generated $4.8 million from theContinue Reading
On February 19, 2025, Democratic Republic of Congo (DRC) Finance Minister Doudou Fwamba Likunde Li-Botayi met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the implementation of the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. The meeting took place against theContinue Reading
The North-Western Division of the Zambia Police has reaffirmed its commitment to supporting First Quantum Minerals Limited (FQML) and its mining operations in the region. During a recent courtesy visit to FQML’s Trident Limited site in Kalumbila—home to the Sentinel Copper and Enterprise Nickel Mines—a high-level police delegation led byContinue Reading
Water levels at Lake Kariba are slowly increasing due to the ongoing rainy season, raising cautious optimism for improved hydropower generation in the coming months. However, despite this gradual rise, current levels remain significantly lower than those recorded at the same time last year, according to the latest data fromContinue Reading
In 2024, mining companies poured $130.7 million into exploration activities in the Democratic Republic of Congo (DRC), according to a report from S&P Global Market Intelligence published on February 21, 2025. This significant investment accounts for 10% of the $1.3 billion allocated to mining exploration across Africa that year, positioningContinue Reading
Swiss multinational Glencore, a global leader in raw material extraction and marketing, has unveiled exciting projections in its 2024 reserves and resources report. According to the company, the Mutanda mine—located just 40 kilometers from Kolwezi in the Democratic Republic of Congo (DRC)—is sitting on an impressive treasure trove of copperContinue Reading
Ivanhoe Mines has announced key leadership appointments to drive its next phase of growth. Marna Cloete, previously President, has been promoted to President & CEO, bringing nearly two decades of experience in shaping Ivanhoe into a major metals producer. At the Kamoa Copper Joint Venture in the DRC, Annebel OosthuizenContinue Reading
Zimbabwe Seeks $950 Million in New Effort to Revitalize Mining Projects Zimbabwe’s state-owned mining company, Kuvimba Mining House Ltd., is launching a new bid to raise $950 million a year after the government took full control of the firm. Under the leadership of CEO Trevor Barnard, Kuvimba is seeking fundingContinue Reading
At the Munich Security Conference on February 14, DRC President Félix Tshisekedi accused Rwanda of fueling instability in eastern DRC to exploit its rich deposits of 3T minerals—tungsten, tin, and tantalum—essential for modern technology. Tshisekedi condemned Rwanda’s alleged territorial ambitions over North and South Kivu, particularly Masisi and Rutshuru, callingContinue Reading
