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only tin and tantalum are up this week from June 20 to 25, 2022 among the main mining export products of the DRC 1 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 2 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 3 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 4 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 5 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 6 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 7 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 8 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 9 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 10 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

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