The Center for Research in Public Finance and Local Development (CREFDL) has called on the Court of Auditors in the Democratic Republic of Congo (DRC) to intensify scrutiny of how mining companies are managing the mandatory 0.3% turnover allocation earmarked for local development. In a statement issued on August 28,Continue Reading
Zambia and Botswana have signed a landmark agreement to expand and modernize trade infrastructure at the Kazungula Bridge, a critical transport gateway for Southern Africa. The move is expected to ease congestion, cut freight delays, and unlock new trade opportunities across the region. Cutting Delays, Saving Millions Transport and LogisticsContinue Reading
Kinshasa — The Democratic Republic of Congo’s new central bank governor, Andre Wameso, has unveiled an ambitious strategy to restore confidence in the Congolese franc (CDF) and curb the country’s overwhelming reliance on the US dollar. Today, nearly 90% of all transactions in the DRC are conducted in dollars, makingContinue Reading
Konkola Copper Mines (KCM) has embarked on a major township road rehabilitation initiative worth US$8.1 million, covering 15.1 kilometres across Chililabombwe, Chingola, and Shibuyunji districts. The project, part of KCM’s Corporate Social Responsibility (CSR) program, aims to enhance local infrastructure, improve connectivity, and stimulate economic activity in host communities. OfContinue Reading
The Lobito Atlantic Railway (LAR) has successfully transported 15,000 tonnes of sulphur to the Democratic Republic of Congo (DRC), marking another milestone in strengthening logistics for Africa’s mining sector. The ANEMON vessel recently docked at the Lobito Mining Terminal (TMPL), where the shipment was unloaded and seamlessly transferred onto theContinue Reading
First Quantum Minerals Ltd. has dropped plans to sell minority stakes in its Zambian copper mines after securing a $1 billion gold-streaming agreement that eased pressure on its balance sheet. The Canadian miner had previously considered offloading shares in its Kansanshi and Sentinel mines following the forced closure of itsContinue Reading
The Democratic Republic of Congo’s (DRC) Mining Registry (CAMI) has assured stakeholders that the entry of American investors into the country’s mining sector will not come at the expense of existing partners, particularly Chinese companies that already dominate much of the industry. At a press conference on Thursday, August 7,Continue Reading
An independent audit has revealed that the toxic spill at a Chinese-owned copper mine in Zambia earlier this year may be one of the worst mining disasters in history, releasing 30 times more waste than officially acknowledged. According to Drizit Zambia Ltd., at least 1.5 million tons of sulphuric acid-ladenContinue Reading
Zimbabwe’s mining laboratories are grappling with backlogs as a gold production boom fuels a surge in exploration activity, driven by record global prices. Gold prices hit an all-time high of $3,500 per ounce in April 2025, spurred by geopolitical tensions, aggressive central bank buying, and global economic uncertainty—further intensified byContinue Reading
The Democratic Republic of Congo (DRC) exported 1,057.88 kilograms of legally mined artisanal gold between January and June 2025, according to data released by DRC Gold Trading SA on its official X (formerly Twitter) account in July. The company highlighted that the results underscore the potential of selling Congolese goldContinue Reading
