You are here

Written by 

The development of North Ubangi at the centre of exchanges between the Governor and Minister of Mines- DRC 1 Mining in DRC 

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

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
Haut-Katanga: KICO launches this Tuesday, August 23, the construction work of mining infrastructure 2 Mining in DRC 

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

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
Fortescue JV signs exploration agreement for Belinga project in Gabon 3 Equipment & Technology International 

Fortescue JV signs exploration agreement for Belinga project in Gabon

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 at three-week low as Fed officials reiterate hawkishness 4 Gold International 

Gold at three-week low as Fed officials reiterate hawkishness

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
DRC: 2,916 mining titles listed throughout the national territory in 2021 5 Mining in DRC 

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

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
In the second quarter of 2022, TFM produced 62,952 tonnes of copper cathodes and 5,357 tonnes of cobalt metal- DRC 6 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

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
Haut-Katanga, Lualaba, Kongo Central, Tanganyika and Maniema, the 5 provinces with more mining titles in 2021- DRC 7 Mining in DRC 

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

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
DRC: SAEMAPE sensitizes mining operators on the process of granting technical advice 8 Artisanal mining Mining in DRC 

DRC: SAEMAPE sensitizes mining operators on the process of granting technical advice

admin
The Deputy Director General in charge of technical issues within the Assistance and Supervision Service for Artisanal Small-Scale Mining (SAEMAPE), Eliane Poto Poto, is staying in the provinces of Haut-Katanga and Lualaba where she speaks with miners on specific issues relating to artisanal mining. The presence of Eliane Poto Poto is part of the awareness campaign for the improvement of mining cooperatives. Its main mission is to harmonize the various mining cooperatives and evaluate the management of the provincial services of SAEMAPE in Haut-Katanga and Lualaba. A first in this part of… Read More Here
Barrick Lumwana launches Zambia business accelerator programme 9 Mining in Zambia 

Barrick Lumwana launches Zambia business accelerator programme

admin
Zambian miner Barrick Lumwana, in collaboration with the Accelerated Growth for Micro, Small and Medium-sized Enterprises in Zambia (AGS) programme and the Women’s Entrepreneurship Access Center (WEAC), has launched the 10X Business Accelerator Programme to build business capacity for local contractors in Barrick’s mining supply chain. The programme will be implemented by WEAC to build local contractor capacity and to support contractors in effecting their growth plans, diversifying their markets to become sustainable beyond the mine’s operations. Barrick’s 10X Business Accelerator Programme is further aimed at enabling the small and… Read More Here
Gold price heads for weekly drop as Fed officials reiterate rate hikes 10 Gold International 

Gold price heads for weekly drop as Fed officials reiterate rate hikes

admin
Gold is headed for the first weekly decline in five as traders weighed reiteration from Federal Reserve officials that they’re determined to hike interest rates to fight inflation. Policy makers offered divergent views on the size of the next interest-rate increase, but they agreed on the need to keep raising interest rates. St. Louis’s James Bullard urged another 75 basis-point move while Kansas City’s Esther George struck a more cautious tone. Richmond’s Thomas Barkin echoed that resolve on Friday, noting the risk those efforts could cause a recession. Bullion dropped… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.