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
Over 400 delegates from across the globe are set to converge on the Copperbelt region of Zambia next month for the 12th annual Zambia International Mining and Energy Conference and Exhibition (ZIMEC). Taking place from 19th to 20th March in Kitwe, ZIMEC will serve as a pivotal platform for theContinue Reading
Global mining giant Glencore has confirmed that it turned down an unsolicited offer for its Democratic Republic of Congo (DRC) operations at the end of last year. Despite industry speculation, the company made it clear that it is not actively seeking buyers for its DRC assets. “Glencore has not engagedContinue Reading
First Quantum Minerals is in no hurry to sell a minority stake in its Zambian copper mines, as the company prioritizes long-term value over speed, CFO Ryan MacWilliam told analysts after its Q4 earnings report. The Toronto-based miner is seeking a strategic partner for its Zambian assets but has notContinue Reading
Zimbabwe’s state-owned Kuvimba Mining House is seeking $950 million (Z$25.1 billion) to revitalize its lithium, platinum, and gold assets, marking a significant step in the country’s mining sector expansion. Under the leadership of CEO Trevor Barnard, the company is actively engaging with development banks, mining firms, and traders to secureContinue Reading
The Democratic Republic of Congo (DRC), the world’s top producer of cobalt, loses nearly $1 billion every year to illegal trade, exacerbating conflict and deepening poverty, according to political analyst Oluwole Ojewale from the Institute for Security Studies. The True Cost of the DRC’s Cobalt Boom The DRC supplies 70%Continue Reading
The Bank of Zambia (BoZ) has raised its base interest rate by 0.5 percentage points, moving from 14% to 14.5%, in a strategic effort to stabilize the Kwacha and control inflation. Why the Rate Hike? The decision, announced after the Monetary Policy Committee (MPC) meeting held from February 10-11, alignsContinue Reading
The Central Bank of Congo (BCC) has released its latest economic outlook for the period of January 31 to February 7, 2025, revealing notable shifts in key commodity prices that reflect global market forces and geopolitical developments. Copper Surges Amid Trade Policy Adjustments Copper prices climbed to $9,412.75 per tonne,Continue Reading
HARARE – Chinese investments in Zimbabwe have not improved the lives of ordinary citizens, the United States ambassador to Harare Pamela Marie Tremont said, highlighting rising poverty and worsening inequalities despite significant financial inflows. “The number of people living below the poverty line has doubled since 2011 despite the significantContinue Reading
