Diversified metals producer Jubilee Metals has reported significant growth in its South African operations, with production increases in chrome and platinum group metals (PGMs) during the first quarter of FY 2025. The company’s well-established South African operations consistently exceeded targets. For the quarter ending September 30, chrome concentrate production roseContinue Reading
Price volatility in copper, cobalt, gold, and oil could threaten the DRC’s 2025 Finance Law, currently under parliamentary review. Draft law document 8 indicates that fluctuations in global commodity prices may disrupt the budget, as mining and hydrocarbons comprise nearly all of the DRC’s exports. Between 2019 and 2023, copper,Continue Reading
Diamond production in the Democratic Republic of Congo (DRC) remains largely artisanal, as shown by recent provisional data from the Ministry of Mines’ Technical Unit for Coordination and Mining Planning (CTCPM). In the first half of 2024, artisanal miners produced 3,319,025 carats, making up nearly 68% of the nation’s totalContinue Reading
Statunga Investments Secures Additional Mining License for Luansobe Copper Project in Zambia Zambian mining company Statunga Investments Limited has acquired a new small-scale mining license (No. 34545-HQ-SML) for the Luansobe Copper Project. This ten-year license allows the company to explore and extract copper and other base and precious metals acrossContinue Reading
Company Announces Start of Drilling at Mukai Copper Project in Zambia by First Quantum Minerals The Company has announced that First Quantum Minerals Limited (“First Quantum”) has begun drilling operations at the Mukai Copper Project in Zambia, following approval from all required authorities. Key Highlights The Licence area is locatedContinue Reading
On Monday, October 21, 2024, authorities officially closed an artisanal and illegal diamond mine in Kanshi commune, Eastern Kasai, to protect residents’ lives, according to a report from the Council of Ministers. “The governor has ordered the permanent closure of Kanshi’s artisanal diamond mine and the implementation of enhanced surveillanceContinue Reading
Saudi Arabia is nearing a deal to acquire a stake in a Zambian copper mine, with plans to finalize the agreement by the end of the year, according to Robert Wilt, CEO of Saudi Arabia’s leading mining firm, Ma’aden. Speaking at the Future Investment Forum in Riyadh, Wilt confirmed thatContinue Reading
IRH Leads Sustainable Transformation at Zambia’s Mopani Copper Mines International Resources Holding RSC Ltd. (IRH), a subsidiary of 2PointZero, has released updates on the ongoing transformation at Mopani Copper Mines in Zambia. After acquiring Mopani in early 2024, IRH is focused on making it the most productive copper mine inContinue Reading
The International Monetary Fund (IMF) forecasts a significant increase in wealth creation in the Democratic Republic of Congo (DRC) by 2029, projecting it to reach 372,325.2 billion Congolese Francs (CDF). These projections are detailed in the IMF’s latest report, “Economic Outlook for Sub-Saharan Africa, October 2024.” The IMF has revisedContinue Reading
China State Construction Engineering, a state-owned enterprise, has committed to supporting the Kinshasa city expansion project. This pledge was made during a meeting between Governor Daniel Bumba and a company delegation on Tuesday, October 22, 2024, at the Hilton Hotel. The urbanization initiative aims to ease congestion in the CongoleseContinue Reading
