CKM NEWSLETTER 10-04-2023

A Silicon Valley start-up that utilizes artificial intelligence to detect battery metal deposits, has appointed a lady CEO to head its copper unit in Zambia…

KoBold Metals, a Silicon Valley start-up that utilizes artificial intelligence to detect battery metal deposits, has appointed a lady CEO to head its copper unit in Zambia, making her the first female executive to hold such a position in a mining exploration company in the country. Zambia is Africa’s second largest copper producer and is witnessing a high demand for copper in the transition to a… Read full details

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• Ethiopia’s Controversial New Hydroelectric Dam has Neighbors on Edge
• Biden Offers $450m for Clean Energy Projects at Coal Mines
• DRC Govt and Chinese Companies Renegotiate Contract Amid Sabotage Attempts
• Glencore has Three Weeks to Keep $23 Billion Teck Bid Alive
• Cobalt Institute Meets with Deputy Minister of Mines for Honest Engagement
• Sandvik Chooses CAT Engines to Power Drilling Machines
• Demands for Revamping Chambishi Metals Plant on the Rise

• Northwest Zambia’s Domes Region Highly Prospective for Copper Mining
• Angola Creates $15bn Fund from Recovered Assets
• DR Congo’s Mining Companies Raise $3.5bn in 2020-2021
• Musk Puts $14 Trillion Price Tag on Sticking by Fossil Fuels
• DRC Considers New Talks with Ventora After Negative Year Since Agreement

A statement warning of the presence of individuals “clearly aligned with the Chinese cause” in the preparatory work for the revision of the Chinese contract has been issued…

The Congolese League Against Corruption (LICOCO) has issued a statement warning of the presence of individuals “clearly aligned with the Chinese cause” in the preparatory work for the revision of the Chinese contract. These individuals are suspected of working to undermine the efforts of the Democratic Republic of Congo (DRC) to reach an amendment to the SICOMINES convention, as desired by the… Read full details

President of Zambia, Hakainde Hichilema, urged to expedite the reopening of Kasenseli Gold mine…

Mwinilunga Town Council Chairperson, Jonathan Chinyimba, has urged the President of Zambia, Hakainde Hichilema, to expedite the reopening of Kasenseli Gold mine. Chinyimba stated that the delay in reopening the mine has caused increased levels of poverty and unemployment in Mwinilunga, and has hindered the district’s overall development. Chinyimba emphasized the potential economic benefits of… Read full details

Taxes, fees, royalties, rights, in favor of the State and the provinces amount respectively to 42.78 million USD in 2020 and 44.67 million USD in 2021…

According to this report, state-owned companies in the mining sector collected more than USD 122.4 million in royalties and bonuses in 2020. These revenues will decrease significantly the following year, i.e. 2021, to settle at 67.2 million USD in royalties and key money. During this period, Gecamines collected more income from royalties and key money to the tune of 180.6 million USD due to… Read full details

• Northwest Zambia’s Domes Region Highly Prospective for Copper Mining
• Angola Creates $15bn Fund from Recovered Assets
• DR Congo’s Mining Companies Raise $3.5bn in 2020-2021
• Musk Puts $14 Trillion Price Tag on Sticking by Fossil Fuels
• DRC Considers New Talks with Ventora After Negative Year Since Agreement

Glencore International AG will pay, on behalf of its related companies in the DRC, 180 million dollars to the country…

Finance Minister Nicolas Kazadi, during the 93rd meeting of the Council of Ministers, began by outlining the situation of public finances. With regard to revenue, those mobilized from March 1 to 31, 2023 are of the order of 1,217.4 billion FC out of forecasts of 1,384.1 billion FC, thus bringing the execution rate to 88%. “The cumulative situation in the first quarter of 2023 shows a total amount… Read full details