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Allocation of 16 oil and gas blocks from the DRC, Egypt expresses its interest 1 Mining in DRC Oil & Gas 

Allocation of 16 oil and gas blocks from the DRC, Egypt expresses its interest

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The opportunities related to the allocation of oil and gas blocks in the Democratic Republic of Congo (DRC) were the subject of discussions between the Congolese Minister of Hydrocarbons, Didier Budimbu, and the Egyptian Prime Minister, Moustapha Madbouli. It was on the sidelines of the 7th edition of the AFFCA in Cairo, Egypt. Their discussions indeed focused on the opportunities represented by the allocation of oil and gas blocks not only for the DRC but also for the African continent as a whole. Egypt, already present in the DRC through several… Read More Here
Sandvik wins BEV order for BHP Jansen Potash 2 Equipment & Technology Mining technology 

Sandvik wins BEV order for BHP Jansen Potash

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Sandvik Mining and Rock Solutions has secured an order of battery electric vehicles (BEVs) from BHP for the Jansen potash project, located in the province of Saskatchewan, Canada. Jansen Stage 1 is being designed with a focus on sustainability and technology and the battery-electric loaders will be used in the most advanced potash-mine in the world. BHP has ordered 10 underground battery electric loaders along with 1 electric tethered loader for use at the Jansen potash project located approximately 140 kilometres east of Saskatoon in the province of Saskatchewan. The… Read More Here
copper falls again to USD 9,394.90 per tonne on the international market 3 Copper International 

copper falls again to USD 9,394.90 per tonne on the international market

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Copper should register a slight price drop again this week on the international market, indicates the note on the Mercuriales of the Ministry of Foreign Trade. According to the projections of this service, copper should trade at 9,394.90 USD per ton this week against 9,583.70 USD per ton last week, a slight drop in price of around -188.8 usd. On the London Stock Exchange, copper is selling at USD 8,967.15 per tonne this Monday, June 20, 2022 and registering a price drop of -1.24% compared to the end of last… Read More Here
only tin and tantalum are up this week from June 20 to 25, 2022 among the main mining export products of the DRC 4 Mining in DRC Tin 

only tin and tantalum are up this week from June 20 to 25, 2022 among the main mining export products of the DRC

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The prices of the main mining export products of the Democratic Republic of Congo are showing a downward trend on the market this week from June 20 to 25, 2022, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Tin is up this week at 36,223.75 USD per tonne against 35,557.25 USD per tonne last week, a positive price difference of 666.5 USD. Tantalum is also up this week at 410 USD per Kg against 407.50 USD per Kg last week, showing an… Read More Here
Metso Outotec and Dynamox enter condition monitoring deal 5 Equipment & Technology Mining technology 

Metso Outotec and Dynamox enter condition monitoring deal

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Finland’s Metso Outotec plans to partner with Brazilian technology firm Dynamox on monitoring platforms in mining. Metso Outotec said it will offer Dynamox’s condition monitoring solution to its installed equipment base, and the partner agreement enables also third-party equipment monitoring, said the companies.  “Dynamox is an important addition to Metso Outotec’s partner ecosystem and is complementing our goal of developing and providing easy-to-use and sustainable digital solutions to our customers. We also see significant opportunities for further development in the field of AI and analytics,” says Tuomas Martinkallio, Vice President,… Read More Here
Sinomine invests $200m in Zimbabwe lithium project 6 Lithium 

Sinomine invests $200m in Zimbabwe lithium project

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China’s Sinomine Resource Group on Friday launched a $200 million project to build a plant and expand existing mining operations at its recently acquired Bikita lithium mine in Zimbabwe. The southern African country holds some of the world’s largest deposits of lithium, a key battery mineral, and hopes for an economic boost from a global drive towards clean energy. Zimbabwe’s President Emmerson Mnangagwa, who officiated at Sinomine’s launch event at Bikita Minerals, 325 kilometres south of the capital Harare, said the investment positions the country as a major player in… Read More Here
Congo miner threatens to seize cobalt project from Chinese partner 7 Copper Cobalt Mining in DRC 

Congo miner threatens to seize cobalt project from Chinese partner

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A shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo, after state miner Gecamines threatened to block exports or even take the mine away from its partner, China Molybdenum Co. Congo’s Gecamines, which owns 20% of the Tenke Fungurume mine’s holding company, has accused CMOC of manipulating the project’s finances and says it owes as much as $5 billion in payments.  The disagreement has extended to who is actually running the mine: a Congolese court appointed a temporary administrator… Read More Here
SNEL brings the Bukanga-Lonzo substation back into service- DRC 8 Mining in DRC Energy 

SNEL brings the Bukanga-Lonzo substation back into service- DRC

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The substation of the Bukanga-Lonzo agro-industrial park has been put back into service by the National Electricity Company (SNEL), announced the Minister of Water Resources and Electricity, Olivier Mwenze. According to the communication services of the Ministry of Water Resources and Electricity, this project, which dates back several years, should serve the provinces of Kwango and Kwilu. According to the supervising Minister, Olivier Mwenze, this work has been handed over to the manager pending the construction of the transmission lines. “The construction of transmission lines is the next step to… Read More Here
"The challenges to be met in the mining sector of the DRC",Willy Kitobo's cry for the development of the mining sector 9 Mining in DRC 

“The challenges to be met in the mining sector of the DRC”,Willy Kitobo’s cry for the development of the mining sector

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University professor, Willy Kitobo Samsoni, presented, on Friday June 17, 2022, in Kinshasa, the capital of the Democratic Republic of Congo (DRC), his new book entitled “the challenges to be met in the Mining sector of the Republic Democratic Republic of the Congo”. This 239-page book indeed contains, for its author, a cry of alarm for the development of the mining sector of the Democratic Republic of Congo (DRC). In front of media professionals, the Honorary Minister of Mines of the DRC indicated that this book has three missions, namely:… Read More Here
Didier Budimbu discusses with oil companies the need to set up a strategic reserve 10 Mining in DRC Oil & Gas 

Didier Budimbu discusses with oil companies the need to set up a strategic reserve

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The scarcity of petroleum products in the Democratic Republic of Congo (DRC) remains a topical issue that is of great concern to the country’s authorities. To this end, the Minister of Hydrocarbons, Didier Budimbu, organized an emergency meeting on Thursday, June 16, 2022 to inquire about the situation of the marketing and storage of fuels within oil companies. The heads of oil companies were invited to discuss the issue of the scarcity of oil products in the various service stations in Kinshasa while the products are available in the country.… Read More Here

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