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DR Congo & Zambia’s Premier Mining News
Your top stories this week
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KCM Will Appoint an Advisor to Assist it in Finding an Equity Investor Willing to Fund the Mine’s Expansion
Konkola Copper Mines (KCM) in Zambia will appoint an adviser to assist it in finding an equity investor willing to fund the mine’s expansion, its provisional liquidator announced on Tuesday. In May 2019, Zambia’s previous government placed KCM in the hands of a liquidator, sparking an ongoing legal dispute with KCM’s parent company, Vedanta Resources. The government accused Vedanta at the… Read full details
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Sponsored
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“No change in control of Tenke Fungurume Mining,” majority owner China Molybdenum said
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There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum said on Friday, contradicting a state mining company official who said a temporary administrator had taken control of the world’s second-largest cobalt producer. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed temporary administrator had… Read full details
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The recently appointed Board Chair, Ms. Dolika Banda
With His Excellency President Hakainde Hichilema’s drive for a New Dawn for Mining in Zambia, ZCCM-IH – which holds stakes in many of the country’s mining operations – appears to have entered a new and dynamic phase. Mining For Zambia met up with the company’s recently appointed Board Chair, Ms. Dolika Banda, at last month’s Mining Indaba in Cape Town to find out more about its vision for the future… Read full details
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The Minister of Finance has been instructed to release the necessary funds…
In order to finalize the work of the construction of the Kakobola hydroelectric power plant, the President of the Democratic Republic of Congo, Félix Tshisekedi said to have relaunched cooperation between the two countries through a diligent mission in India. In his speech at the 57th meeting of the Council of Ministers, he revealed that this process resulted in obtaining from the Government of India the happy… Read full details
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MMG Kinservere took the opportunity to welcome the resumption of these meetings at DRC Mining Week…
The mining company Kinsevere (MMG) actively participated in the 17th edition of DRC Mining Week which ended on Friday in Lubumbashi, capital of the province of Haut-Katanga. This mining giant took the opportunity to welcome the resumption of these meetings which, for the general manager of MMG, constitutes a boon for the miners, the suppliers as well as the Congolese government. “DRC Mining remains… Read full article
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The Democratic Republic of Congo’s plan to auction oil exploration blocks next month
The Democratic Republic of Congo’s plan to auction oil exploration blocks next month threatens to disrupt some of the world’s most important carbon sinks and could jeopardize a $500 million forest preservation agreement. Some of the blocks, estimated to contain 16 billion barrels of crude reserves, overlap with the biggest tropical peatlands that cover 145,000 square kilometers (56,000 square… Read full details
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