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DRC: Félix Tshisekedi considers revision of certain mining contracts

May 15, 2021May 15, 2021 admin

The Head of State met with local authorities in his visit in Kinshasa, but also mining operators. In a popular meeting, at the Mwangeji crossroads in the center of the town of Kolwezi, he also mentioned the various contracts. “It is not normal that those with whom the country has signed exploitation contracts get richer while our populations remain poor,” he said. And to add: “It is time for the country to readjust its contracts with the miners with a view to sealing win-win partnerships”, declared the President of the Republic… Read More Here

DRC: CNPAV considers Dan Gertler’s proposal “less relevant” and calls for a judicial inquiry rather than a round table

May 15, 2021May 15, 2021 admin

The Congo is not for sale (CNPAV), in a press release published this Friday, May 14, gave its opinion on the proposal made by the Israeli businessman Dan Gertler on the proposal of a round table bringing together this platform with other “unidentified” civil society groups First, the CNPAV doubts the credibility of this proposal because it has not been officially informed. It is through the media that the CNPAV declares that it was informed of this proposal. “Congo is not for sale saw a document allegedly from Mr. Gertler’s ‘communication… Read More Here

Battery Metals Cobalt International Mining in DRC

Glencore boss warns of future China dominance in electric vehicles

May 15, 2021May 15, 2021 admin

US and Europe risk being left behind unless they secure cobalt supplies for batteries, says Ivan Glasenberg. The car industry in the US and Europe risks being left behind by their Chinese rivals unless they secure supplies of cobalt, according to the world’s biggest producer of the key battery metal. Glencore chief executive Ivan Glasenberg told the FT Future of the Car Summit on Wednesday that western carmakers would be naive to think they could always rely on China to supply the batteries for electric vehicle fleets. Glasenberg said Chinese… Read More Here

Copper Mining in Zambia

Is the world seeing the future of Zambia’s mining sector in a new light?

May 15, 2021May 15, 2021 admin

With the promise of a review of mining tax policies, there is a sense in the international mining world that Zambia may be back in the running as a viable investment destination. First Quantum Minerals (FQM) has announced record highs in annual copper production, with Zambia’s Sentinel copper mine contributing substantially to the company’s global production in 2020. With copper topping $10,000 per metric tonne earlier this month for the first time since 2011, there have never been higher stakes in the game. In a 14 May Mining Weekly article, Dr. Ian Haddon of the… Read More Here

Equipment & Technology

Better Mine Waste Management through Drill Core Optimization

May 15, 2021May 15, 2021 admin

The amount of time, effort, risk, and cost to run an effective resource drilling campaign is not trivial. It is surprising, then, to find that after collecting and cataloging metres upon metres of drill core, very little analysis is completed. The addition of multi-elements can provide orders of magnitude benefits to geometallurgy and geoenvironmental disciplines, not to mention the benefits of using multi-element geochemistry to find even more resources. Predicting the geochemical reactivity of mine waste (e.g. waste rock, tailings, pit walls, borrow sources, etc.) is often only based on… Read More Here

Mining Companies

Anglo set out to reimagine mining, and the $2bn payoff has arrived

May 15, 2021May 15, 2021 admin

In 2014 Anglo American embarked on an ambitious plan called FutureSmart Mining to overhaul its mining operations using the latest and best technologies to deliver improved efficiencies, better safety performance and cleaner mining. That programme was expanded over the years, and the report card shows a $2 billion annual value haul, which the group expects to increase to $3 billion by 2022. Speaking to analysts on Tuesday, group technical director Tony O’Neill detailed an extensive list of technologies and productivity improvements that not only reflects in bottom-line performance but brings… Read More Here

Battery Metals Equipment & Technology

Battery-powered electric vehicles would be the most impactful in reducing mining emissions: Poll

May 14, 2021May 14, 2021 admin

The mining industry is expected to play a critical role in the global shift towards clean technologies, but decarbonisation in the sector remains a challenge. Mining companies across the globe are focussing on minimising carbon emissions over the next 15 years to align with the global target of achieving net-zero emissions by 2050 of the Paris Agreement. Verdict has conducted a poll to assess the most impactful step in reducing emissions from mining operations over the next five years. Analysis of poll results shows that a majority 30% of the… Read More Here

Mining in DRC Governance

Tshisekedi visits Glencore’s Kamoto project in recognition of investments made

May 14, 2021May 14, 2021 admin

Democratic Republic of the Congo (DRC) President Felix Tshisekedi visited the operations of Glencore’s Kamoto Copper Company (KCC) in Kolwezi, on May 13, in recognition of the miner’s near $8-billion investment in the country. KCC is a joint venture (JV) between Glencore and DRC commodity trading and mining company Gécamines, which conforms to the Responsible Minerals Assurance Process standard for cobalt as defined by the Responsible Minerals Initiative. The visiting delegation also included DRC Prime Minister Sama Lukonde, Mines Minister Antoinette N’Samba, Lualaba province deputy governor Fifi Masuka and Gécamines chairperson Albert Yuma, as well as Glencore… Read More Here

Covid-19 Copper International Mining in Zambia

Copper production from top ten companies to increase by up to 3.8%

May 14, 2021May 14, 2021 admin

Production from the world’s top 10 copper mining companies decreased in 2020, albeit by a marginal 0.2% to 11.76 million tonnes, according to UK-based analytics firm GlobalData. Although the initial impact of the covid-19 pandemic on global mining operations was immense, six of the 10 largest copper producers still succeeded in increasing output for the year. The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4% growth in 2020. The company’s Sentinel mine in Zambia and Cobre Panama were key contributors to… Read More Here

Mining in DRC Cobalt Copper Governance Mining Policy

DRC: the CNPAV estimates past losses of GECAMINES in its shares and royalties within Mutanda Mining from 2011 to 2020

May 13, 2021May 14, 2021 admin

Congo is not for sale (CNPAV) estimated the DRC’s past losses in its shares and royalties, in one of the country’s largest mining companies, “Mutanda Mining”, at more than one billion euros. US dollars (1,035,000,000 USD), from March 2011 to December 2020. This is revealed by the report of this civil society platform entitled: “Billions lost: financial investigation into Dan Gertler’s transactions in the sector extractif ”, published Wednesday, May 13 in Kinshasa. Mutanda has been in the top 3 of the largest mining companies in the DRC for most… Read More Here