Starting January 1, 2025, individuals and companies operating in the Democratic Republic of Congo (DRC) will face a record-breaking $4.3 million fine for obstructing transparency and traceability in the mining sector. This unprecedented penalty, established under Decision No. CAMI/DG/003/2024, was issued by the Mining Cadastre (CAMI) on December 16, 2024.Continue Reading
The Science Based Targets initiative (SBTi) has approved that the science-based greenhouse gas emissions reductions targets submitted by Flender conform with the SBTi Corporate Net Zero Standards and Guidance. SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating theContinue Reading
Zambia has secured $120 million in funding from the World Bank’s Digital Development Partnership to accelerate its Digital Public Infrastructure (DPI) agenda, Minister of Science and Technology Felix Mutati announced. Speaking at the Global Digital Summit in Washington, D.C., Mutati emphasized that the funding will drive advancements in artificial intelligenceContinue Reading
China Civil Engineering Construction Corporation (CCECC) has committed over $1.4 billion to modernizing the Tanzania-Zambia Railway (TAZARA), a crucial transport link for Zambia’s copper exports to Tanzania’s largest port. TAZARA serves as a key corridor for transporting copper and cobalt from Central Africa, providing an alternative to South Africa’s congestedContinue Reading
Zijin Mining Group, China’s largest metals producer, reported a 52% increase in net profit for 2023, fueled by higher production and surging copper and gold prices. Strong Financial Performance The company posted a net income of 32.1 billion yuan ($4.4 billion), in line with its earlier forecast of 32 billionContinue Reading
A catastrophic waste spill from a Chinese-owned copper mine in Zambia has triggered an environmental and public health emergency, with authorities warning of severe long-term damage to the Kafue River, the country’s most critical water source. 50 Million Liters of Toxic Waste Contaminate Key Waterway An investigation by the EngineeringContinue Reading
Ecora Resources (LSE, TSX: ECOR), a leading critical minerals royalty company, has signed a $50 million streaming deal with Moxico Resources for its flagship Mimbula copper mine in Zambia. This strategic agreement solidifies Ecora’s foothold in the copper sector while ensuring long-term revenue streams. A Game-Changing Deal The all-cash transactionContinue Reading
The Democratic Republic of Congo (DRC) is ramping up efforts to tackle the illegal export of its minerals, particularly those allegedly smuggled by the Rwandan-backed M23 rebels. At a cabinet meeting on Friday, Mines Minister Kizito Pakabomba unveiled new measures aimed at cutting off the rebels’ access to revenue fromContinue Reading
Japan has pledged $1.2 million in grant aid to strengthen Zambia’s mining sector, supporting the country’s efforts to expand its mineral production. The funds will be used to acquire advanced laboratory equipment for Zambia’s Geological Survey Department, enhancing its ability to identify viable mining sites and improve operational efficiency. FinanceContinue Reading
ASX-listed Prospect Resources has unveiled its maiden mineral resource estimate (MRE) for the Mumbezhi Copper Project in Zambia, reporting 107 million tonnes at 0.5% copper, containing a total of 515,000 tonnes of copper. Resource Breakdown The MRE covers two key deposits: Nyungu Central and Kabikupa. Key highlights include: While goldContinue Reading
