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SNEL brings the Bukanga-Lonzo substation back into service- DRC 1 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 2 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 3 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
Copper up ahead of possible Chile strike 4 Copper International 

Copper up ahead of possible Chile strike

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Copper prices recovered slightly on Friday on the prospect of a strike in the world’s biggest copper producer Chile and signs of improvement in top buyer China’s economy. Three-month copper on the London Metal Exchange added 0.4% to $9 107/t by 10:15 GMT after slumping by 1.7% on Thursday. It was on track to shed about 3% this week. “There are risk of strikes in Chile, that could be giving copper a bit of a lift today, and the activity data from China this week was a bit better than expected,” said Caroline Bain,… Read More Here
EU Turns to Egypt in the Rush to Replace Russian Gas 5 International Oil & Gas 

EU Turns to Egypt in the Rush to Replace Russian Gas

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The European Commission has proposed a deal to accelerate natural gas imports from Egypt in a bid to reduce its reliance on Russian gas. With Egypt ramping up efforts to become a major liquefied natural gas (LNG) player through increased exploration, production and infrastructure build up and modernization, the north African country is well positioned to expand energy exports to Europe while addressing African energy demand. Egypt’s Emerging Gas Economy Owing to its strategic location in close proximity to European markets as well as its success as a gas exporter,… Read More Here
DRC: the process of refining Congolese gold by Rwanda suspended 6 Mining in DRC Gold Mineral Processing 

DRC: the process of refining Congolese gold by Rwanda suspended

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Felix Tshisekedi convened the Superior Defense Council on Wednesday. It was decided that the government suspend all memorandums of understanding, agreements, conventions concluded with Rwanda accused of attacking the DRC and providing support to the M23. What are these agreements? The government promises to communicate quickly on this file. Officially, since Felix Tshisekedi came to power, a series of agreements have been signed between Kinshasa and Kigali.  June 26, 2021 in Goma, the red carpet is rolled out. The ceremony is grand. It is broadcast live on Rwandan public television and that of the DRC. The agreement… Read More Here
The price of copper falls to 8.888 US per ton, the lowest level for 10 months 7 Copper International 

The price of copper falls to 8.888 US per ton, the lowest level for 10 months

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The price of copper fell to a 10-month low on Thursday as demand prospects deteriorated after a sharp rate hike by the U.S. Federal Reserve fueled recession concerns and data from China reported weak growth. Copper for July delivery hit a low of $4.04 a pound ($8,888 a tonne) Thursday morning on the New York Comex market, the lowest since August of last year. Mining stocks also fell, with BHP Group down more than 5% from the previous week and Freeport-McMoRan down 4%. “Demand for metals is at risk as… Read More Here
At the end of January 2022, copper production in DRC stood at 121,955 tonnes 8 Copper Mining in DRC 

At the end of January 2022, copper production in DRC stood at 121,955 tonnes

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The Democratic Republic of Congo (DRC), through its mining industry, achieved a production of 121,955 tons of copper in January 2022, according to data published by the Central Bank contained in its digest of statistical information of January 13 2022. The same data indicates that as of January 2021, copper production stood at 130,508 tonnes. Comparing the two periods, there is a drop of around 8,553 tons, reports the Central Bank of Congo. During the period considered, the company Gécamines produced only 191 tons of copper against 121,764 tons produced… Read More Here
Metso Outotec invests $2.3 million to level unexplained gender-related pay gaps 9 Equipment & Technology International Mining technology 

Metso Outotec invests $2.3 million to level unexplained gender-related pay gaps

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Metso Outotec, a Finland-based industrial machinery company providing technology and services for mining, aggregates, and oil and gas, announced it has invested in developing a workplace where diversity and inclusion are fostered, promoted, and embedded in the company culture.  This year the company implemented a global fair pay analysis to review pay practices in all the 50+ countries in which it operates. The analysis confirmed that the existing policies and practices in Metso Outotec provide a solid foundation, and typically the salary of an employee develops in an unbiased manner… Read More Here
Liebherr launches green fleet plan with Fortescue, WAE 10 Equipment & Technology International Mining technology 

Liebherr launches green fleet plan with Fortescue, WAE

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German-Swiss equipment maker Liebherr Mining plans to create a battery-powered truck fleet in partnership with Australia’s Fortescue Metals Group, with the UK’s Williams Advanced Engineering helping provide green drive technology. An agreement signed today in Colmar, France at Liebherr Mining’s plant headquarters, will see Fortescue acquire 120 Liebherr haul trucks for its mining operations. The first of the zero emission-haul units will be fully operational within Fortescue’s mine sites by 2025. Liebherr will supply the trucks, while Fortescue Future Industries (FFI) will work with WAE – which Fortescue acquired in… Read More Here

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