CKM NEWSLETTER 01-11-2021

Zambia’s plan to rationalise the mining tax regime to attract investment and boost production has been welcomed by FQM 

The new UPND government’s plan to rationalise the mining tax regime to attract investment and boost production has been welcomed by the country’s largest taxpayer, First Quantum Minerals (FQM). The 2022 Budget – under the theme ‘Growth, Jobs and Taking Development Closer to the People’ – presented to Zambian Parliament on Friday (October 29, 2021) by Zambia’s Minister of Finance and National Planning… Read full article

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• ‘Supportive Environment, Stable Policies, and Exploration Critical to the Mining Industry’s Long-Term Future in Zambia’
• Gold Refinery on Cards in the DRC
• Launch of Tenders for the 33 Kv Overhead Power Line Extension Project at MMG Kinsevere– DRC
• AVZ Announces Quarterly Activates for the Period Ended 30 Sept 2021.

• Gridlock Congo Mining (Sarlu Gsm), to Soon Invest in the Industrialization of the Mining Sector in the DRC
• Technology is Making the Mining Industry Safer
• First Quantum Tweaks Copper Guidance, Reports Zambia Shipping Challenges
• Proterra and Komatsu Announce Collaboration to Electrify Underground Mining Machines
• Provisional Liquidator of Zambia’s KCM Denies Theft, Money Laundering

Tender for the Construction of the Cobalt Recovery Plant & Installation of Tailings Facility (TSF3)

MMG Kinsevere SARL hereby announces to the public of the Democratic Republic of Congo that the following tender is being prepared and finalized for future work to be undertaken on the MMG Kinsevere site.

– Construction of the Kinsevere Expansion Project Cobalt Recovery Plant

– Installation of Waste Storage (TSF3) of the Kinsevere Expansion Project

All interested and qualified entities… Read full article

Ivanhoe Mines will release its financial results for the third quarter of 2021 before market opens on Monday, November 15, 2021

Ivanhoe Mines will release its financial results for the third quarter of 2021 before market opens on Monday, November 15, 2021, a company statement reported. Management will host a conference call and webcast to discuss the results on the same day. Ivanhoe Mines is a Canadian mining company focused on advancing its three main projects in southern Africa: the development of new major mechanized…Read full article

Commodities like copper & cobalt are becoming increasingly important due to the global electric vehicle industry

Commodities like copper are becoming increasingly important as the electric vehicle industry grows. Karan Rathi, board director of mining company Chillerton Group, speaks about the copper industry in Zambia and how the Covid-19 pandemic has heightened investor support for projects and communities. Zambia, after the Democratic Republic of Congo, is Africa’s second-largest copper producer, but it… Read Full Article

• Gold Refinery on Cards in the DRC
• Launch of Tenders for the 33 Kv Overhead Power Line Extension Project at MMG Kinsevere– DRC
• Antoinette N’samba Kalambayi & COMIKAT II / Umoja Wa Katanga Delegation, on the Authorization of Artisanal Exploitation.
• Orica Releases New Blast Modelling Software to Improve Ore Recovery

Chinese company CMOC, accused of having driven out more than at least 70% of Congolese subcontractors, and the latter have brought in several Chinese workers

In his conclusion on the oral question with debate addressed to the DRC’s Minister of Entrepreneurship, Small and Medium Enterprises, the deputy Paul Ilunga Nkulu noted some cases of violations in the mining sector of the law relating to the rules of subcontracting in the private sector, the subject of his question to Minister Eustache Muhanzi. It was at the end of the minister’s hearing during the…  Read full article

First Quantum Minerals to reinforce and reenergise its long-term investment plans for the Zambian mining sector

First Quantum Minerals’ is engaging with Zambia’s new government to reinforce its long-term commitment to Zambia and reenergise its long-term investment plans for the mining sector. “Following the recent elections and subsequent smooth transfer of power in Zambia, we are pleased to be engaging constructively with the new Government as we look to establish the parameters for long-term investments… Read full article

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• ‘Supportive Environment, Stable Policies, and Exploration Critical to the Mining Industry’s Long-Term Future in Zambia’
• Gold Refinery on Cards in the DRC
• Launch of Tenders for the 33 Kv Overhead Power Line Extension Project at MMG Kinsevere– DRC