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Zambia Secures $1.3 Billion for Critical Minerals Rail Expansion to Boost Mining Logistics

Zambia Secures $1.3 Billion for Critical Minerals Rail Expansion to Boost Mining Logistics

Zambia has secured a $1.3 billion funding commitment to develop a critical minerals rail corridor, connecting its copper-rich Northwestern Province to Angola's Lobito Atlantic port. This infrastructure project aims to reduce transit times from 16 days to 7 days, providing direct access to European and American markets. The Africa Finance Corp and African Development Bank have each committed $500 million, with Italy contributing an additional $320 million. The 830-kilometer railway extension is expected to alleviate bottlenecks that have historically constrained African mining operations. The project is part of a broader strategy to enhance supply chain security for Western nations and reduce dependence on Chinese-controlled routes.
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USA Rare Earth Acquires Serra Verde to Bolster Rare-Earth Supply Chain

USA Rare Earth Acquires Serra Verde to Bolster Rare-Earth Supply Chain

USA Rare Earth Acquires Serra Verde to Bolster Rare-Earth Supply Chain
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Ethiopia Constructs $12.5 Billion Airport to Transform African Aviation

Ethiopia Constructs $12.5 Billion Airport to Transform African Aviation

Ethiopia is constructing Bishoftu International Airport, a $12.5 billion project set to become Africa's largest aviation infrastructure. Located near Addis Ababa, the airport is scheduled to open in 2030 with a capacity for 60 million passengers annually, eventually expanding to accommodate 110 million passengers. The project is led by Ethiopian Airlines, Africa's largest carrier, which plans to invest 30% of its equity into the airport. The remaining $8 billion is yet to be secured, with negotiations involving the US, China, and Italy. The airport aims to enhance connectivity within Africa, reducing the need for travelers to transit through non-African cities.
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Zambia's Luanshya Copper Mine to Resume Production After Two-Decade Hiatus

Zambia's Luanshya Copper Mine to Resume Production After Two-Decade Hiatus

The Luanshya copper mine in Zambia, primarily owned by China Nonferrous Mining Corporation (CNMC), is set to restart operations in August after being idle for over 20 years. The mine, which CNMC acquired in 2009, required extensive dewatering due to previous flooding. The Zambian government has announced that the mine will initially resume production at its upper levels, with plans to expand operations to the lower levels by 2029. The redevelopment of the mine, including new shaft systems and a concentrator plant, represents a significant investment aimed at boosting Zambia's copper output.
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US, EU deepen cooperation on critical minerals with eye to broader agreement

US, EU deepen cooperation on critical minerals with eye to broader agreement

By Andrea Shalal and Simon Lewis WASHINGTON, April 24 (Reuters) - The U.S. and the European Union on Friday deepened their coordination on critical minerals as part of a broader push by Western allies to loosen China's grip on materials crucial to advanced manufacturing. U.S.
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China's Declining Share in Global Graphite Production Amid African Expansion

China's Declining Share in Global Graphite Production Amid African Expansion

China's Declining Share in Global Graphite Production Amid African Expansion
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Rock Tech Lithium Plans NASDAQ Dual-Listing and Files Base Shelf Prospectus

Rock Tech Lithium Plans NASDAQ Dual-Listing and Files Base Shelf Prospectus

Rock Tech Lithium Plans NASDAQ Dual-Listing and Files Base Shelf Prospectus
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BHP Considers Copper Exploration in Zambia Amid Global Demand Surge

BHP Considers Copper Exploration in Zambia Amid Global Demand Surge

BHP, a leading mining company, is considering a significant copper exploration project in Zambia. This initiative marks BHP's first major venture in Africa in over a decade, driven by the increasing global demand for copper, essential for electric vehicles and power grids. The move is seen as a strategic effort to secure copper resources amid supply constraints. Zambia, the continent's second-largest copper producer, has been implementing policy changes to attract foreign investment, making it an appealing destination for BHP's exploration efforts.
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Pope wraps up an Africa visit for the history books with a Mass in Equatorial Guinea

Pope wraps up an Africa visit for the history books with a Mass in Equatorial Guinea

Pope Leo XIV is wrapping up his African odyssey with a final Mass in Equatorial Guinea
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Carrier Transicold to Present Electric Refrigeration Systems at Transport 2026

Carrier Transicold to Present Electric Refrigeration Systems at Transport 2026

Carrier Transicold to Present Electric Refrigeration Systems at Transport 2026
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Netanyahu Faces Diplomatic Challenges Amid Growing Isolation

Netanyahu Faces Diplomatic Challenges Amid Growing Isolation

Israeli Prime Minister Benjamin Netanyahu is experiencing a challenging period marked by diplomatic setbacks and growing isolation. The defeat of his ally, Hungarian Prime Minister Viktor Orban, and the suspension of a defense agreement with Italy highlight his diminishing support in Europe. In the U.S., a Senate resolution opposing arms sales to Israel, supported by a majority of Democratic senators, signals a shift in bipartisan support. These developments reflect Netanyahu's strained relations with international allies and domestic challenges as elections approach.
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Global Aluminum Market Projected to Reach $285.4 Billion by 2033 Amidst EV and Green Construction Demand

Global Aluminum Market Projected to Reach $285.4 Billion by 2033 Amidst EV and Green Construction Demand

Global Aluminum Market Projected to Reach $285.4 Billion by 2033 Amidst EV and Green Construction Demand