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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

Equipment & Technology Mining technology

John Deere brings redesigned ADT to South African shores

July 28, 2022July 29, 2022 admin

Heavy equipment manufacturer John Deere’s South African branch, having been in the country for 140 years, launched its redesigned 41.8 t, 460 series articulated dump truck (ADT) to the domestic market on July 26. Aimed primarily at the mining industry, the 460E-II series has been redesigned to incorporate a wider dump body, improved electrical and hydraulic systems, and new drive modes to help operators get the job done in various conditions. “John Deere can proudly say that this machine is built for the long haul,” the company states. The redesigned… Read More Here

Mining in DRC Oil & Gas

Didier Budimbu: “Greenpeace’s position is not more important than the expectations of 100 million Congolese”

July 28, 2022July 28, 2022 admin

The demands of Greenpeace and other international NGOs who are campaigning for the cancellation of the Congolese government’s allocation of the right to exploit Hydrocarbons are no more important than the expectations of more than 100 million Congolese who want to see their situation be changed through political action, said Congolese Minister of Hydrocarbons, Didier Budimbu. During a press conference held on Tuesday July 26, 2022, Minister Didier Budimbu denounced “a campaign of sabotage” of the Government’s efforts to mobilize its natural resources in order to improve the living conditions… Read More Here

Mining in DRC Diamond

DRC: 2.8 million carats of diamond produced in the 1st quarter of 2022

July 28, 2022July 18, 2023 admin

The Democratic Republic of Congo produced 2 million 890,000 carats of diamonds in the first quarter of 2022 compared to 2 million 984,000 carats of diamonds in the same period in 2021, according to data from the Central Bank of Congo (BCC) in its summary of statistical information. from June 2022. Of this volume produced, there are 1 million 235,000 carats of industrial diamonds and 1 million 655,000 carats of artisanal diamonds. In 2021, annual diamond production in the Democratic Republic of the Congo was estimated at 13 million 222,000… Read More Here

Gold

Gold trading kicks off on Nigerian exchange ahead of launch

July 27, 2022July 27, 2022 admin

A newly licensed Nigerian commodities exchange started trading in gold ahead of its official launch this week, the first time the metal will be offered on a bourse in the West African nation. The Lagos Commodities and Futures Exchange is licensed by the Securities and Exchange Commission to trade gold with the specification of the London Bullion Market Association’s 99.99% purity, targeting globally acceptable pricing and quality, according to Akinsola Akeredolu-Ale, managing director of the Lagos bourse. The exchange is scheduled for a formal launch on July 28 and will… Read More Here

Diamond

Largest pink diamond discovered in Lulo mine

July 27, 2022July 30, 2022 admin

Australia’s Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300 years. The massive pink stone named the “Lulo Rose” will be sold later this year through an international tender conducted by Angolan state-owned diamond trading firm Sodiam. Lucapa has a 40% stake in the Lulo mine, which hosts the world’s highest dollar-per-carat alluvial diamonds. The rest is held by Angola’s national diamond company (Endiama) and Rosas & Petalas, a private entity. The… Read More Here

Mining in DRC Oil & Gas

DRC: in the first quarter of 2022, the Congolese oil industry produced only 2,145 barrels

July 27, 2022July 31, 2022 admin

In the midst of a global crisis affecting the main basic necessities, thus causing the rise in the price of petroleum products on the international market, the oil industry in the Democratic Republic of the Congo has slowed down during the first three months of the current year. According to data published by the Central Bank of Congo (BCC), in its statistical summary, the Congolese oil industry produced only 2,145 barrels during the first quarter of 2022. This production is far from meeting the growing demand for petroleum products on… Read More Here