CKM NEWSLETTER 08-07-2024

Robert Friedland and Marna Cloete announced the completion of construction and the restart of the historic ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the DRC…

Executive Co-Chair Robert Friedland and President Marna Cloete announced recently the completion of construction and the restart of the historic ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the Democratic Republic of the Congo (DRC), 100 years after it first operated, and 31 years since it was placed on care and maintenance. First feed of ore into the new concentrator was achieved on…  Read full details

• ZCCM Investments Holdings Declares K243 Million Dividend for 2023
• Gecamines Assumes Control of Copper Sales From Joint Ventures to Enhance Oversight of the Metal
• Kibali Gold Mine Extends Production to 15+ Years with Growth and Investment
• F lix Tshisekedi Emphasizes Business Climate Reform
• DRC Celebrates 64th Independence Anniversary with New Push for “Minerals for Infrastructure” Program
• South Kivu Governor Exposes Illegal Operations of Chinese Mining Companies
• Glencore Halts Sale of Stake in Kazakh Mining Firm Kazzinc
• FQM Sees 6% Surge on Tsx Amid Panama’s Cobre Panama Mine Audit
• Panama to Review All Information to Make an Informed First Quantum Decision

• Ivanhoe Mines Announces Results of Voting for the Election of Directors
• Liebherr and Fortescue Announce Partnership for Development of Autonomous Haulage Solution
• Komatsu Completes Acquisition of GHH Group Gmbh
• Tenke Fungurume Mining Achieves Copper Mark Certification, A First in Africa
• Copper Price Surpasses $10,000, Expected to Rise Further, Says Citigroup
• US Blocks Sale of Congolese Copper Mine to Chinese Defense Firm
• Vedanta Ready with $250 Million Funding to Pay KCM Creditors
• BHP Cuts Employee Incentives by 20% Globally — Report
• Promarks and Trafigura Sign Mou with the Angolan Government
• Sandvik DRC Secures Subcontracting Rights Through Local Partnership

IRH has announced the withdrawal of its bid to acquire a stake in Vedanta Resources’s KCM in Zambia…

International Resources Holding (IRH), a subsidiary of UAE’s International Holding Company IHC.AD, has announced the withdrawal of its bid to acquire a stake in Vedanta Resources Ltd’s Zambian copper mines. The decision follows unsuccessful negotiations over the valuation of the assets, as reported by Reuters. IRH had proposed acquiring a 51% stake in Vedanta’s Konkola Copper Mines (KCM) for more… Read full details

Gecamines, announced its opposition to the sale of Chemaf Resources, backed by Trafigura Group…

Gecamines, the Democratic Republic of Congo’s state-owned miner, announced its opposition to the sale of Chemaf Resources Ltd., backed by Trafigura Group, to China’s Norin Mining Ltd. Chemaf holds the lease for its flagship Mutoshi project from Gecamines, which asserted its right to reject the transfer of ownership in a statement on Monday. In response, Chemaf noted that the Congolese government… Read full details

CEC has announced that imported power will start flowing next month to address the significant shortfall in the mining industry…

Copperbelt Energy Corporation (CEC) Group Chief Executive Officer Owen Silavwe announced that imported power will start flowing next month to address the significant shortfall in the mining industry, which is estimated to be between 20% and 30%. Zesco has declared a force majeure on the mining sector, retracting 20% of the energy previously supplied to the mines. In response, CEC stated last month … Read full details

• ZCCM Investments Holdings Declares K243 Million Dividend for 2023
• Gecamines Assumes Control of Copper Sales From Joint Ventures to Enhance Oversight of the Metal
• Kibali Gold Mine Extends Production to 15+ Years with Growth and Investment
• F lix Tshisekedi Emphasizes Business Climate Reform
• DRC Celebrates 64th Independence Anniversary with New Push for “Minerals for Infrastructure” Program
• South Kivu Governor Exposes Illegal Operations of Chinese Mining Companies
• Glencore Halts Sale of Stake in Kazakh Mining Firm Kazzinc
• FQM Sees 6% Surge on Tsx Amid Panama’s Cobre Panama Mine Audit
• Panama to Review All Information to Make an Informed First Quantum Decision
• Ivanhoe Mines Announces Results of Voting for the Election of Directors

• Liebherr and Fortescue Announce Partnership for Development of Autonomous Haulage Solution
• Komatsu Completes Acquisition of GHH Group Gmbh
• Tenke Fungurume Mining Achieves Copper Mark Certification, A First in Africa
• Copper Price Surpasses $10,000, Expected to Rise Further, Says Citigroup
• US Blocks Sale of Congolese Copper Mine to Chinese Defense Firm
• Vedanta Ready with $250 Million Funding to Pay KCM Creditors
• BHP Cuts Employee Incentives by 20% Globally — Report
• Promarks and Trafigura Sign Mou with the Angolan Government
• Sandvik DRC Secures Subcontracting Rights Through Local Partnership

Cobalt, a crucial mineral for the energy transition, experienced a temporary slowdown in 2023, according to a new report from the Cobalt Institute…

Cobalt, a crucial mineral for the energy transition, experienced a temporary slowdown in 2023, according to a new report from the Cobalt Institute. However, the long-term outlook remains promising due to rising demand for electric vehicles and lithium-ion batteries. The report highlights that battery-related applications accounted for 73% of cobalt demand, with electric vehicles alone driving 96%…Read full details