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Faced with the reduction in production at the Inga site, SNEL announces a cyclic service program- DRC

July 30, 2022July 30, 2022 admin

The National Electricity Company SNEL SA, has announced the establishment of a cyclic service program to cope with the reduction in the production of electricity from the Inga site. In a press release dated July 27, 2022, the Kinshasa Distribution Department indicates that this drop in production at the Inga site is due to the drop in the water level at the intake channel due to the severe low water level. experienced by the Congo River. “ To best serve customers with the energy available, a cyclic service program will apply… Read More Here

Emeralds Mining in Zambia

Emeralds for Zambia

July 30, 2022July 30, 2022 admin

The global shutdowns following the outbreak of Covid-19 threw a spanner in the works for companies in virtually every industry. But, when a company’s only means of selling their products is getting 150 people into an auction room for five days, it spelled disaster. For international gemstone miner Gemfields – which owns 75% of Kagem Emerald Mine, located 33km south-southwest of Kitwe in Zambia’s Copperbelt Province – sales dropped to nearly zero. Now, with the gavel once again pounding in international auction rooms and revenues climbing, the standstill of the pandemic has… Read More Here

Lithium

Zimbabwe will raise taxes on platinum, lithium to boost revenue

July 29, 2022July 29, 2022 admin

Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening economic conditions. The rate for platinum miners will double to 5% and a new rate of the same amount will apply to lithium producers, Finance Minister Mthuli Ncube said in his mid-term budget review presented to lawmakers in the capital, Harare, on Thursday. “Mindful of the fact that the tax regime is the main instrument for sharing benefits from finite minerals… Read More Here

Energy Mining in DRC

DRC: between January and March 2022, the production of electrical energy stood at 4.2 million MW

July 29, 2022July 29, 2022 admin

The Democratic Republic of Congo (DRC) produced, during the first quarter of 2022, i.e. between January and March of the current year, 4.2 million megawatts of electrical energy. This is reported by the Central Bank of Congo (BCC) in its compendium of statistical information on the volume of production in various sectors in the Democratic Republic of Congo (DRC). According to these data from the BCC, last year, the production of electrical energy was also established at 4.2 million MW. This means that the production of electrical energy in the Democratic… Read More Here

Mining in DRC International

Félix Tshisekedi dreams of providing the DRC with modern refineries, to end dependence in terms of the supply of finished petroleum products

July 29, 2022July 29, 2022 admin

By officially launching calls for tenders for the sale of oil and gas blocks on Thursday July 28, Felix Tshisekedi expressed his intention to provide the country with several modern refineries in order to generate more jobs for the population and make the DRC independent by terms of supply of finished petroleum products and fuels. “In the event that the exploration phases allow us to update and then produce crude oil and/or gas, our dearest wish would consist, and this in accordance with our strategies, of relaunching productive sectors and… Read More Here

Mining in DRC Oil & Gas

DRC: 12 civil society organizations call on Félix Tshisekedi to postpone the auction of 27 oil blocks and 3 gas blocks

July 29, 2022July 29, 2022 admin

Twelve (12) civil society organizations grouped within the “Dynamique POLE” seized the President of the Republic, Félix Tshisekedi about the auction of 27 oil blocks and 3 gas blocks, initiated by the Government. This civil society platform alerts the Congolese Head of State to the country’s risk of indebtedness given the great probability of a drop in demand for hydrocarbons before the production of crude which, according to their research, will not arrive in 10 to 15 year olds. During a press briefing, this Thursday, July 28, the Dynamique Pole… Read More Here

Mining in Zambia Energy

Evolution of Electric Motor Vehicles (EMVs), how ready are we as a Country?- Zambia

July 28, 2022July 28, 2022 admin

The universal realization that climate change is real and its effects primarily global warming, has negatively affected the entire globe, prompting various nations to devise pragmatic mechanisms in which such effects can be curtailed. Several intervention measures across various disciplines are being implemented world over to stem these adverse effects of climate change. As a key mitigation measure, one of the most ambitious programs that many nations have committed themselves to is to cease the manufacture of fossil-fuel propelled automobiles between 2030 to 2050 and replace them with environmentally friendly… Read More Here

Energy

Zimbabwe raises mines power tariff by 8% to meet production cost

July 28, 2022July 28, 2022 admin

Zimbabwe’s power utility ZESA Holdings will no longer charge mining houses tariffs below cost of production as it is struggling to service “ballooning power import debt.” Exporters, such as mining companies, will be charged $0.1063/kWh from August 1, ZESA executive chairperson Sydney Gata said in a letter to miners. Power from diesel-run Hwange plant, which is under expansion to add 300 MW is produced at $0.107/kWh, translating to 12c for customers, he said. “ZESA will no longer be able to continue supplying electricity to exporting customers at $0.986/kWh as it is unsustainable,” he said. The Southern African country generates an average 1 200 MW… Read More Here

Mining in DRC Oil & Gas

DRC: D-Day for the publication of calls for tenders for the acquisition and exploitation of 27 oil and 3 gas blocks

July 28, 2022July 28, 2022 admin

The Government of the Democratic Republic of Congo (DRC), through the Ministry of Hydrocarbons, will officially launch, this Thursday, July 28, 2022, the first phase of calls for tenders relating to the allocation to investors of 27 oil and 3 gas blocks located on Lake Kivu. With considerable potential, the crude oil resources of the DRC are estimated at more than 22 billion barrels of oil and 66 billion normal cubic meters of gas located in Lake Kivu. To date, the Democratic Republic of Congo exploits only 4.5% of its… Read More Here

Mining in DRC Oil & Gas

Félix Tshisekedi: “We must exploit our natural resources so that they contribute to improving the living conditions of our populations”

July 28, 2022July 28, 2022 admin

The Head of State of the Democratic Republic of Congo (DRC), Félix Tshisekedi, proceeded, this Thursday July 28, 2022, in Kinshasa, to the official launch of the calls for tenders for the acquisition and the exploitation of 27 blocks oil and 3 gas blocks located in Lake Kivu as selected by the Congolese Government. In his speech, President Félix-Antoine Tshisekedi spoke of the need to eliminate the gap that exists between the natural potential available to the country and the conditions in which the Congolese population lives. To this end,… Read More Here