CKM NEWSLETTER 03-04-2023

Swedish equipment manufacturer signs a contract for the benefit of Kipushi zinc, copper, germanium and silver mine in the province of Haut-Katanga …

The Swedish Epiroc, world specialist in mining equipment, announced on March 23 the signing of a contract for the benefit of the Kipushi zinc, copper, germanium and silver mine in the province of Haut-Katanga. These are several loaders, mining trucks and drills worth $17 million ordered by the mining contractor JCHX Mining and Construction, reports Agence Ecofin. These different pieces of equipment… Read full details

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• Value of Battery Metals in Newly-Sold EVs Tripled on Rampant Lithium, Nickel Prices   
• Zambian Mines Contribute 80% to FQM’s 2018 Copper Production
• A Call to Revoke 20% Allocation to Fomin Operating Expenses by the AFREWATCH Consortium
• Fourteen Miners Dead in Sudan, Dozens Injured in Mine Collapse – Official
• Bolloré Africa Logistics Rebranded to Africa Global Logistics (AGL)
• The Danger of Gold Mining in the Garamba National Park Was Discussed in A Meeting With the DRC Vice-Minister of Mines
• Mopani Women in Mining Business forum & Exhibition 2023
• DRC Minister of Mines Opens the Work of the 40th World Diamond Congress in Tel Aviv

• Sicomines Workers Seek DRC President Tshisekedi’s Help to Unfreeze its Bank Accounts
• Kagem Delivers USD 5m Dividend to the IDC
• China Defends its Mining for Infrastructure Project in the DRC
• Congolese Officials Implicated in Overcharging Infrastructure Works in the Chinese Infrastructure for Minerals Contract
• DRC Govt Accuses Chinese Contract and Local Officials of Overcharging for Infrastructure Work
• Perenco Under Investigation for Corruption in African Countries

ZCCM-IH will now receive 3.1% of Kansanshi Mining Plc’s total revenue on a quarterly basis…

ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have approved the Kansanshi royalty conversion where the Company will now receive 3.1% of Kansanshi Mining Plc’s (Kansanshi) total revenue. The royalty revenue will be paid on a quarterly basis over the entire life of the mine of Kansanshi that currently extends to the year 2045. The approval was given at the Shareholder’s Extraordinary General… Read full details

FQM’s expansion projects in Zambia have drawn the interest of financiers in the region….

First Quantum Minerals’ investments and expansion projects in Zambia have drawn the interest of financiers in the region who recently toured its mine sites in Kalumbila and Solwezi to familiarize themselves with its operations. The visit showcased the economic significance of the investments to the country’s industrialization and diversification agenda within the mining sector and beyond… Read full details

DRC, Zambia, and partners signed an agreement for a pre-feasibility study to be conducted over a few months by Arise Integrated Industrial Platforms (Arise IIP)…

Will the DRC manage to set up its ambitious project to produce batteries and electric vehicles? Yes, we answer in the government. Prime Minister Sama Lukonde chaired this Monday, March 27, 2023 in Kinshasa the signing ceremony of the framework agreement relating to the creation of a special economic zone (SEZ) dedicated to this project. The stakeholders in this project are the DRC, Zambia, whose… Read full details

• Sicomines Workers Seek DRC President Tshisekedi’s Help to Unfreeze its Bank Accounts
• Kagem Delivers USD 5m Dividend to the IDC
• China Defends its Mining for Infrastructure Project in the DRC
• Value of Battery Metals in Newly-Sold EVs Tripled on Rampant Lithium, Nickel Prices   
• Zambian Mines Contribute 80% to FQM’s 2018 Copper Production

Zambian Gold Production dropped from 2,432 metric tons produced the previous year 2021 to now 1,515 metric tons produced in the year 2022…

Zambia’s 2022 annual Gold Production has dropped from 2,432 metric tons produced in the previous year 2021 to now 1,515 metric tons produced in the year 2022. According to a consolidated mineral production report obtained by the media, the 2022 reduction represent 917 metric tons. The drop is largely attributed to lack of traction by the mines ministry to formalize known… Read full details