CKM NEWSLETTER 23-08-2021

Kamoa to Upgrade Turbine 5 At The Inga II Hydropower Complex

Kamoa Copper extends existing financing agreement with DRC’s state-owned power company to facilitate the upgrade of turbine 5 at the Inga II hydropower complex. Turbine 5 to produce 162 MW of renewable hydropower, providing the Kamoa-Kakula Copper Complex and associated smelter with sustainable electricity for Phase 3 and future expansions Combined 240 MW output from the Mwadingusha and Inga II… Read full article

Read Also; BME Well-Aligned With Mining’s Safety, Sustainability Vision

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                More top mining stories

• DRC: Deputy Minister of Mines Launches Workshop for the Tax Reform Project in Artisanal Gold Sector
• AVZ Minerals’ Manono Lithium and Tin Project on Cusp of Reaching Bankable Status
• DRC: Roskill Predicts the Evolution of the Cobalt Sector Towards an Oligopoly by 2025

Hakainde Hichilema, resetting the tone for rebuilding confidence in the mining sector

‘The president-elect has reset the tone to one of rebuilding confidence and spurring growth,’ Chamber of Mines President Godwin Beene said. Copper producers are ready to start expansion projects worth $2 billion in Zambia next year if the industry can reach an agreement on royalties with President-elect Hakainde Hichilema’s new administration. Companies including First Quantum Minerals Ltd… Read full article  

Read Also: DRC: Roskill Predicts the Evolution of the Cobalt Sector Towards an Oligopoly by 2025

Chillerton Advances Exploration in it’s Zambian Projects

Chillerton Group, an emerging copper and cobalt development company, has become one of the largest license holders in the Zambian Copperbelt after it was recently awarded a further three large scale mining (LSM) licences in the country. Founded in 2000, Chillerton is an integrated upstream and downstream mining company. It undertakes exploration, mine development, capital raising and… Read full article

Glencore, sign Long-Term Supply of Cobalt

Diversified mining and marketing company Glencore has entered into a long-term strategic partnership to supply UK-based lithium-ion battery cell technologies investor Britishvolt with responsibly sourced cobalt. The partnership represents a major milestone for Britishvolt on its quest to assist vehicle original equipment manufacturers with their roadmaps to electrification… Read full article

• Anglogold Plunges as Key African Mine May Stay Shut All Year
• BHP Joins Komatsu’s GHG Alliance
• BME Well-Aligned With Mining’s Safety, Sustainability Vision
• Copper Gains as World’s Biggest Mine Preps for Strike
• Copperbelt Katanga Mining Congratulate His Excellence, Mr Hakainde Hichilema

China Moly to Invest $2.5bn to Double Output at its DRC Mine

China Molybdenum will invest $2.51 billion to double copper and cobalt production at its giant Tenke Fungurume mine (TFM) in the Democratic Republic of Congo. The project, expected to be completed and online in 2023, includes building three ore production lines. They are forecast to rise average annual copper output at the mine by 200,000 tonnes and increase cobalt output by 17,000 tonnes, the… Read full article

Wide-spaced resource drilling at Manono confirms high-grade mineralisation

Wide-spaced resource drilling at the Carriere de l’Este pegmatite deposit within AVZ Minerals’ (ASX: AVZ) Manono lithium-tin project in the Democratic Republic of Congo has confirmed high-grade mineralisation directly beneath thin soil and laterite cover. Assay results from four new “step-out” holes located on section lines along strike from initial drilling in 2017 have identified additional… Read full article

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• Anglogold Plunges as Key African Mine May Stay Shut All Year
• Barrick Joins Challenge to Decarbonize Surface Mining
• BHP Joins Komatsu’s GHG Alliance
• BME Well-Aligned With Mining’s Safety, Sustainability Vision