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Angola mine leak causes ‘unprecedented’ pollution in Congo rivers, researchers say 1 Mining in DRC Mining Companies 

Angola mine leak causes ‘unprecedented’ pollution in Congo rivers, researchers say

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A suspected leak of heavy metals from a mine in northern Angola is causing an “unprecedented environmental catastrophe”, affecting some 2 million people in Democratic Republic of Congo, researchers at Kinshasa University said on Friday. Analysis of satellite imagery and interviews indicate a reservoir used to store mining pollutants was breached on July 15 in a diamond-mining area straddling Lunda Sul and Lunda Norte provinces in Angola, said Raphael Tshimanga, director of The Congo Basin Water Resources Research Centre (CRREBaC). Two tributaries of the Congo river, the Tshikapa and Kasai rivers, turned red,… Read More Here
Congo initiates probe into China Moly’s Tenke Fungurume mine 2 Cobalt Copper Mining in DRC 

Congo initiates probe into China Moly’s Tenke Fungurume mine

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The Democratic Republic of Congo established a commission to ensure China Molybdenum Co. is complying with its contractual obligations regarding the giant Tenke Fungurume copper and cobalt project. The office of President Felix Tshisekedi authorized the investigation earlier this month into CMOC’s mineral reserve data and the financing costs for the project, according to documents seen by Bloomberg News and verified by the presidency. CMOC on Aug. 6 announced a $2.5 billion investment to more than double production at the mine, which is already one of the world’s biggest sources of cobalt,… Read More Here
Explorations Manager Career Cobalt Copper Mining in Zambia New Mining Projects 

Chillerton advances Zambian copper-cobalt projects

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Chillerton Group, an emerging copper and cobalt development company, has become one of the largest license holders in the Zambian Copperbelt after it was recently awarded a further three large scale mining (LSM) licences in the country. Founded in 2000, Chillerton is an integrated upstream and downstream mining company. It undertakes exploration, mine development, capital raising and development planning at sites across the Zambian Copperbelt.  The company’s licenses now cover in excess of 20 000 ha and are located adjacent to existing producing copper mines. The location benefits from good… Read More Here
Africa: Over 7.4 Million Cases of Covid-19 Confirmed Across Continent 3 Covid-19 

Africa: Over 7.4 Million Cases of Covid-19 Confirmed Across Continent

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As of August 20, confirmed cases of Covid-19 from 55 African countries reached 7,412,670 while over 57,848,461 vaccinations have been administered across the continent. Reported deaths in Africa reached 187,173 and 6,533,903 people have recovered. South Africa has the most reported cases 2,652,652 and 78,694 people died. Other most-affected countries are Morocco (791,559), Tunisia (632,328), Ethiopia (292,731), Libya (291,168) Egypt (285,831) and Kenya (225,663). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University using statistics from the World Health Organization and other international institutions as well as national and… Read More Here
BME well-aligned with mining’s safety, sustainability vision 4 Mining technology International 

BME well-aligned with mining’s safety, sustainability vision

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As the mining sector looks ahead to a brighter and more sustainable future, Omnia Group company BME has built a strategic foundation to support its mining customers’ ambitious vision for the future. While southern Africa’s mining sector was still not where it was seven or eight years ago, there has recently been improved industry performance in minerals such as gold, iron ore, platinum group metals, manganese, copper and cobalt. According to Ralf Hennecke, BME SADC Managing Director, this was having a particularly positive impact in areas like South Africa’s Northern… Read More Here
DRC: Roskill predicts the evolution of the cobalt sector towards an oligopoly by 2025 5 Cobalt Mining in DRC 

DRC: Roskill predicts the evolution of the cobalt sector towards an oligopoly by 2025

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By 2025, the three main cobalt miners in the Democratic Republic of Congo (DRC) could supply more than half of the world market, according to information provided by sector analysis firm Roskill through a note that it published last week. In the said briefing note, Roskill indicates that the DRC cobalt sector is expected to be more dominated by existing large producers and evolve into an oligopoly in the near future. Analysts at the Roskill firm explain this prediction by the fact that miners must increasingly turn to underground mining,… Read More Here
DRC: Development of Grand Inga, the Govt and the company Fortescue Metals Group sued 6 Mining in DRC Energy Mining Companies 

DRC: Development of Grand Inga, the Govt and the company Fortescue Metals Group sued

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The Government of the Democratic Republic of Congo (DRC) as well as the company Fortescue Metals Group may soon find themselves before a judge in an Australian jurisdiction, on the basis of a complaint lodged by the head of the Youth Parliament of the DRC. The complainant accuses the Congolese Government and the company Fortescue Metals Group of being the source of several cases of human rights violations in the context of the implementation of the development of the Grand Inga project. The two sides are also accused of corruption,… Read More Here
Copper price hits six-month low as China reins in growth, covid fears rise 7 Copper International 

Copper price hits six-month low as China reins in growth, covid fears rise

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Copper sank to a six-month low as China reining in growth, the US central bank signposting its intention to reduce stimulus and rising covid-19 cases triggered a major sell-off. Copper for delivery in September fell 2% from Wednesday’s settlement price, touching a low of $3.9615 per pound (8,715 per tonne) on the Comex market in New York. The metal price has fallen 16% from its recent record high of $4.7620 per pound ($10,476 a tonne) in May. Mining stocks also slid, with BHP Group down more than 18% from the previous week,… Read More Here
Zambian mines look to new leader to unlock $2bn investment 8 Mining in Zambia Mining Companies 

Zambian mines look to new leader to unlock $2bn investment

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‘The president-elect has reset the tone to one of rebuilding confidence and spurring growth,’ Chamber of Mines President Godwin Beene said. Copper producers are ready to start expansion projects worth $2 billion in Zambia next year if the industry can reach an agreement on royalties with President-elect Hakainde Hichilema’s new administration. Companies including First Quantum Minerals Ltd. and EMR Capital are ready to raise funding for the projects, while other producers need to spend “hundreds of millions on dollars” in capital that they’d held back since 2019 because of tax… Read More Here

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