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lithium-ion battery factory estimated at 39 million USD in the DRC against 112 million USD in China 1 Battery Metals Lithium Mining in DRC 

lithium-ion battery factory estimated at 39 million USD in the DRC against 112 million USD in China

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In a study released during DRC AFRICA BUSINESS FORUM, BloombergNef argues that the Democratic Republic of the Congo could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low-emission producer country. lithium-ion battery cathode precursors. The research paper estimates that it would cost $ 39 million to build a 10,000 metric tonne cathode precursor plant in the DRC. That’s three times cheaper than a similar factory in the United States would cost, whereas if it was built in China or Poland, it would cost $ 112 million… Read More Here
DRC: South Kivu mining companies owe USD 12 million to the tax authorities for non-payment of annual surface rights 2 Mining Companies Mining in DRC 

DRC: South Kivu mining companies owe USD 12 million to the tax authorities for non-payment of annual surface rights

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The Minister of Mines, Antoinette  N’SAMBA KALAMBAYI , presented to the Council of Ministers on Friday, November 26, 2021, the Mid-term report on the level of execution of the instructions of the President of the Republic, Head of State, relating to to the fight against mining fraud in the Democratic Republic of Congo.  From this report, five points emerge, including the list of mining companies that owe USD 12 million to the tax authorities for non-payment of annual surface rights.  Here, by way of illustration, these five points of the report on… Read More Here
Copper price sinks as new covid variant spooks markets 3 Copper International 

Copper price sinks as new covid variant spooks markets

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Copper prices and other industrial metals slid on Friday as a new and possibly vaccine-resistant coronavirus variant found in South Africa shook market sentiment. Benchmark copper on the London Metal Exchange (LME) shed 2.9% to $9,474 per tonne in official trading. Copper for delivery in March was down 3.9% on the Comex market in New York, touching $4.28 per pound ($9,416 per tonne).  LME aluminium lost 4.2% to $2,601 a tonne, zinc shed 3.1% to $3,197, lead was down 0.4% to $2,261, tin eased 0.5% to $38,600 while nickel ceded 3.7% to… Read More Here
Lubumbashi university scientific breakthrough 4 Corporate social responsibility Mineral Processing Mining in DRC Mining technology 

Lubumbashi university scientific breakthrough

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Kinsevere’s environmental monitoring samples will no longer have to leave the Congo for analysis. In fact a testing solution is within very close reach now that the University of Lubumbashi (UNILU) environmental analysis laboratory is the first in the Congo to receive certification, overseen by the Southern African Development Community Accreditation Service. Patrick Nkulu, Kinsevere Deputy General Manager Operations and General Manager representative, attended the official accreditation certificate ceremony. He praised the local scientific community’s capabilities. “This accreditation, of the now leading environmental analysis laboratory in the Congo, bolsters local… Read More Here
We remain mobilized to support the battery industry in Africa, starting in the DRC - AfDB Boss 5 Cobalt Battery Metals Copper Lithium Mining in DRC 

We remain mobilized to support the battery industry in Africa, starting in the DRC – AfDB Boss

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The DRC – Africa Business Forum closed on Thursday in Kinshasa. This high-level forum intends to provide solutions to improve the living conditions of Africans by developing value chains linked to the mining resources used in electric batteries (cobalt, copper, lithium, manganese, nickel, graphite). A way to take advantage of the global transition to green energy, the use of electricity in transport systems and the decarbonisation of economies “We remain mobilized with other partners to support the development of the battery industry in Africa, starting in the Democratic Republic of… Read More Here
Gold gains as new Covid-19 variant lifts safe-haven demand 6 Gold International 

Gold gains as new Covid-19 variant lifts safe-haven demand

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Gold prices gained on Friday, as concerns over the spread of a newly identified coronavirus variant boosted the metal’s safe-haven appeal, although bullion was set for a weekly drop on growing bets the US Federal Reserve could turn more hawkish. Spot gold was up 0.5% at $1 797.46/oz, as of 04:45 GMT. US gold futures advanced 0.8% to $1 797.70. The variant, detected by scientists in South Africa, may be able to evade immune responses and has prompted Britain to hurriedly introduce travel restrictions on the African nation. Further aiding gold’s climb, the dollar index eased 0.2%… Read More Here
DRC: 30 months to accelerate the fight against modern slavery in the mining sites of two Kivus 7 Mining in DRC 

DRC: 30 months to accelerate the fight against modern slavery in the mining sites of two Kivus

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For 30 months, local authorities, civil society actors and artisanal mining operators will see their capacities strengthened in the context of the fight against modern slavery in the mining sites of the province of North Kivu and South Kivu. This is thanks to the partnership agreement signed by the Embassy of the Kingdom of Norway in the Democratic Republic of Congo (DRC) and the International Organization for Migration (IOM) on November 24, 2021.  This project generally aims to improve coordination mechanisms to effectively fight against human rights violations in mining supply… Read More Here
B2Gold weighs acquisition of gold assets in Zimbabwe 8 Gold 

B2Gold weighs acquisition of gold assets in Zimbabwe

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B2Gold Corp., the Canadian company that owns mines in Africa and the Philippines, is interested in acquiring gold assets in Zimbabwe. The mid-tier gold producer which has mines in Mali, Namibia and the Philippines, has held talks with the government and other officials in the southern African nation “to see if they are ready for us to come in,” said Clive Johnson, chief executive officer at the Vancouver-based company.  “There is really a strong case and we are making that case in Zimbabwe,” Johnson said in a Nov. 24 interview.… Read More Here
Lucara says diamond market “healthiest” in years 9 Diamond International 

Lucara says diamond market “healthiest” in years

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Lucara Diamond (TSX: LUC) said on Wednesday the global market for rough stones and diamond jewellery has reached a healthy balance thanks to supply improvements and fundamentals. The Vancouver-based miner said it expected the positive trend to continue in years to come and set its 2022 targets accordingly. Next year, which marks its Karowe mine’s tenth year of operations, Lucara anticipates producing up to 340,000 carats, to be sold through its multi-sales channel approach, which should generate revenues of between $185 million and $215 million.  The figure does not include any estimated contributions of revenue from… Read More Here
How Congo could become low-cost, low-emissions producer of battery materials – report 10 Battery Metals Lithium Mining in DRC 

How Congo could become low-cost, low-emissions producer of battery materials – report

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In a report launched at the DRC-Africa Business Forum 2021 taking place this week in Kinshasa, BloombergNEF (BNEF) states that the Democratic Republic of the Congo (DRC) could leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials. The research paper estimates that it would cost $39 million to build a 10,000 metric-tonne cathode precursor plant in the DRC. This is three times cheaper than what a similar plant in the US would cost, whereas if it were to be built… Read More Here

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