admin - Copperbelt Katanga Mining

Written by admin

DRC’s total sum of exports of “3T” tin products in the first half of 2022 is estimated at 347,878,393.64 USD

August 27, 2022August 27, 2022 admin

Statistical data from the Technical Cell for Coordination and Mining Planning (CTCPM), published during this month, indicate that tin products, namely cassiterite, coltan and wolframite, commonly known as 3T (Tin, Tantalum and Tungsten ), come from the Eastern Provinces of the Republic, specifically Maniema, North Kivu, South Kivu, Haut-Katanga, Haut-Lomami, Lualaba and Tanganyika. According to figures from the CTCPM, the total production of cassiterite is 19,532.55 tonnes and is distributed as follows: – 12,622.37 tons of industrial exploitation; – 6,910.18 tonnes of artisanal mining. As for the production of colombo-tantalite “Coltan”… Read More Here

Gold Mining in DRC

DRC total gold production in the 1st half of 2022 amounts to 13,107.33 kg, a decrease in quantity of 13.69% compared to 2021

August 27, 2022August 27, 2022 admin

Total gold production in the DRC amounts to 13,107.33 kg of gold in the first half of 2022 against 15,185.83 kg in the first half of 2021. This shows a drop of 2,078.49 kg, i.e. 13 .69%, according to statistical data published by the Technical Unit for Coordination and Mining Planning (CTCPM), an advisory, study and coordination body for mining activities in the DRC. The CTCPM reports that gold production is still predominated by industrial mining based mainly in the Haut-Uélé Province, while that of artisanal mining is scattered in… Read More Here

The DRC produced 4,581,679.13 carats of diamonds in the first half of 2022, a decrease in quantity of 22.32% compared to 2021

August 27, 2022August 27, 2022 admin

Diamond production in the 1st half of 2022 is almost the same in the Democratic Republic of Congo, unlike previous years predominated by artisanal production, at the rate of 51.86% for artisanal mining and 48.05% for industrial mining . This is indicated by the statistical data, published by the Technical Unit for Coordination and Mining Planning (CTCPM), an advisory, study and coordination body for mining activities in the DRC. CTCPM data reveal that the Democratic Republic of Congo (DRC) produced 4,581,679.13 carats of diamonds including: – 2,376,116.52 carats of artisanal mining,… Read More Here

Mining in DRC

The development of North Ubangi at the centre of exchanges between the Governor and Minister of Mines- DRC

August 23, 2022August 23, 2022 admin

It was Thursday, August 18, 2022 that the National Minister in charge of mines, Antoinette N’SAMBA KALAMBAYI spoke with the new Governor Malo Ndinga Mobutu of the North Ubangi Province in his office in Gombe. During this meeting between the provincial executive and the mining boss, there was talk of the development of the province of North Ubangi which is full of natural resources within it. “We came for a courtesy visit, but also to request the accompaniment of the Ministry of Mines to the province of North Ubangi rich… Read More Here

Mining in DRC

Haut-Katanga: KICO launches this Tuesday, August 23, the construction work of mining infrastructure

August 23, 2022August 23, 2022 admin

The company Kipushi Corporation (KICO) proceeds this Tuesday, August 23 in the territory of Kipushi in the province of Haut-Katanga in the Democratic Republic of Congo, to the launch of the construction of the surface mining infrastructure of the Kipushi project. This ceremony comes a few months after the signing at the beginning of 2022, of a new agreement between KICO and its shareholders including Gécamines SA and Kipushi Holding Ltd. Through this ceremony, KICO has set itself the goal of starting the production of zinc concentrates from the second quarter of… Read More Here

Equipment & Technology International

Fortescue JV signs exploration agreement for Belinga project in Gabon

August 23, 2022August 23, 2022 admin

Australia’s Fortescue Metals Group announced that its majority-owned joint venture (JV ), Ivindo Iron, has signed an exploration agreement with the Gabon Government for the Belinga iron ore project. The agreement comprises key commercial and legal terms for the exploration of the Belinga project, allowing the grant of exploration licences to the JVfor a 4,500km² area. Fortescue said the agreement also envisages a $90m exploration programme at the Belinga iron ore project, over a period of three years. Fortescue Metals owns an 80% stake in Ivindo Iron while the remaining 20% is held by the… Read More Here

Gold International

Gold at three-week low as Fed officials reiterate hawkishness

August 23, 2022August 23, 2022 admin

Gold traded at the lowest level in more than three weeks as Federal Reserve officials reiterated their commitment to tighter monetary settings to curb inflation. Bullion capped its first weekly decline in five as traders weighed hawkish comments by policy makers which portended higher interest rates. Fed Bank of Richmond President Thomas Barkin said Friday the central bank was resolved to returning inflation to its 2% target, even if that meant risking a US recession. All eyes will be on Chair Jerome Powell when he speaks this Friday at the annual gathering of central bankers at Jackson… Read More Here

Mining in DRC

DRC: 2,916 mining titles listed throughout the national territory in 2021

August 23, 2022August 23, 2022 admin

The mining sector in the Democratic Republic of Congo (DRC) remained competitive, attractive and resilient during 2021 despite the economic devastation following restrictions due to the Covid-19 pandemic. The Technical Unit for Coordination and Mining Planning (CTCPM) identified, in 2021, a total of 2,916 mining titles throughout the national territory of the Democratic Republic of Congo. Published by this department of the Ministry of Mines, this document is a compilation of key information by province, namely: • Holders of mining and quarry rights by province; • Holders of the approvals… Read More Here

Cobalt Copper Mining in DRC

In the second quarter of 2022, TFM produced 62,952 tonnes of copper cathodes and 5,357 tonnes of cobalt metal- DRC

August 23, 2022August 23, 2022 admin

Tenke Fungurume Mining produced, during the second quarter of 2022, approximately 62,952 tons of copper cathodes and 5,357 tons of cobalt metal. The mining company based in the Democratic Republic of Congo (DRC) has indeed paid a net amount of approximately 365.55 million US dollars (USD) in taxes and other related payments to the Treasury and other services. administrative authorities of the Democratic Republic of Congo (DRC) in the first half of 2022. During the same period, TFM also funded visible impact community projects amounting to US$15.56 million. Since the… Read More Here

Mining in DRC

Haut-Katanga, Lualaba, Kongo Central, Tanganyika and Maniema, the 5 provinces with more mining titles in 2021- DRC

August 23, 2022August 23, 2022 admin

The Technical Unit for Coordination and Mining Planning (CTCPM) listed, in its annual report for the 2021 financial year, a total of 2,916 mining titles throughout the national territory of the Democratic Republic of Congo (DRC). The same report indicates that the provinces of Haut-Katanga, Lualaba, Kongo Central, Tanganyika and Maniema are those with the most mining titles during the year period under analysis. Ranked first, the province of Haut-Katanga has a total of 699 listed mining titles, of which 422 listed mining titles are considered active. According to the same… Read More Here