Gold production at the mine also increased by about 3kgs from 51kgs in 2021 to 54kgs in 2022…
Non-Ferrous China Africa (NFCA), a subsidiary of China Nonferrous Metals Corporation (CNMC), has reported an annual increase in copper and gold production at its Chambishi-based mine in the Kalulushi district of Zambia’s Copperbelt Province. Copper production rose by more than 5,000 tons from 62,300 tons in 2021 to 67,600 tons in 2022, generating approximately $608 million at an average copper…Read full details
The American financial agency announced that it will support the acceleration of the realization of the pan-African electric battery project…
After being received at the US State Department, the Congolese Minister of Industry, Julien Paluku Kahongya, and his colleague from Finance, Nicolas Kazadi, met with the team from the American Agency for International Development Finance (DFC) led by its Executive Director, Scott Nathan. During this strategic meeting, the American financial agency announced that it will support the acceleration of… Read full details
IGM has, among other missions, the task of combating all forms of mining fraud and smuggling in the DRC…
The Congolese government has adopted a draft decree establishing the creation, organization, and functioning of a public service called the “Inspection Générale des Mines” (IGM for short). It was presented by the Minister of Mines, Antoinette N’samba, during the 94th meeting of the Council of Ministers held on Friday, April 14, 2023. “The General Inspection of Mines” (IGM) has, among other mission… Read full details
Two Gemfields mining companies contributed over USD 8 Million in local projects and over USD 350 Million in the two countries…
Montepuez Ruby Mining (MRM) and Kagem Mining have contributed 537,625,000 meticais (8.4 million US dollars at the current exchange rate) in projects for local communities in Mozambique and Zambia. According to a statement unveiled on Sunday 9th April, “the two companies have also contributed with over 23 billion meticais(359 million dollar) in taxes, royalties and dividends to Mozambique and Zambia…Read full details
STL has secured $75 million to build a new hydro-metallurgical unit…
STL, a subsidiary of the Democratic Republic of Congo’s state mining company Gecamines, announced on Tuesday 11th April that it has secured $75 million to build a new hydro-metallurgical unit. The unit will produce materials used in manufacturing semiconductors and extend the life of its existing facilities by 30 years. The company, which focuses on making commercial use of a slag heap in Lubumbashi… Read full details