Kizito Pakabomba, the Congolese Minister of Mines, dismissed the proposal to create a separate financial authority for the mining sector during a press café in Kinshasa, organized by the mining registry. Pakabomba contended that forming another agency would introduce unnecessary bureaucracy, citing concerns from the International Monetary Fund (IMF) regardingContinue Reading
The Zambia Environmental Management Agency (ZEMA) has approved 116 projects with a total investment value of approximately $1.91 billion during its ninth sitting in September 2024. Out of 121 projects reviewed, this approval marks a significant step forward for Zambia’s development across multiple sectors. The mining and mineral processing sectorContinue Reading
The Democratic Republic of Congo (DRC) has strongly condemned the United States Department of Labor’s inclusion of Congolese cobalt on its 2024 list of goods produced through child or forced labor. The DRC government labeled the decision as “unjustified,” arguing that it fails to recognize the substantial reforms made inContinue Reading
Saudi Arabia’s Manara Minerals is nearing the completion of a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel operations, according to sources familiar with the negotiations. Manara, a joint venture between Saudi mining giant Ma’aden and the $925-billion Public Investment Fund, is in advancedContinue Reading
TSX-V-listed GoviEx Uranium has successfully completed a comprehensive metallurgical test program at Mintek in South Africa, aimed at validating the heap leach process for its Muntanga project in Zambia. The test results confirmed uranium recovery rates of 90% or higher from the main Muntanga and Dibbwi East deposits, which accountContinue Reading
Tertiary Minerals, listed on AIM, has successfully completed its first drilling program at the Mushima North copper project in Zambia. The initiative aimed to assess the A1 and C1 copper, zinc, and arsenic soil anomalies, which were identified during last year’s soil sampling efforts. The program involved 25 reverse circulationContinue Reading
Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially embarked on the Copper Mark assurance process, following the signing of a letter of commitment on September 12. The Copper Mark, established in 2020, is an assurance framework designed to promote responsible sourcing and productionContinue Reading
Zambians are grappling with a daily battle to secure electricity amid a climate-related energy crisis. The situation has reached a critical point, with some individuals resorting to transporting their desktop computers to local cafes just to get work done. The severe drought affecting the region has led to the worstContinue Reading
Glencore hosted its 6th annual conference in Kinshasa, Democratic Republic of Congo (DRC), gathering key stakeholders to address pivotal issues in the nation’s mining sector. The event served as a vital platform for industrial miners like Glencore to promote Environmental, Social, and Governance (ESG) standards, as well as traceability andContinue Reading
A vibrant local capital market is crucial for attracting foreign institutional investors to Zambia’s mining sector, according to Norman Mbazima, a senior executive with over 20 years at Anglo American and Chairman of Anglo American Platinum. Speaking at the Zambian Mining and Investment Insaka, Mbazima emphasized the need to createContinue Reading
