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Auction on DRC oil blocks: Budimbu wants to forge an agreement with Zambia to facilitate operations 1 Mining in DRC Mining in Zambia Oil & Gas 

Auction on DRC oil blocks: Budimbu wants to forge an agreement with Zambia to facilitate operations

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The report on the official submission of data from the Tanganyika graben and the central basin as well as the valuation of methane gas from Lake Kivu was on the agenda of the 54th meeting of the Council of Ministers. This, with a view to the official launch of calls for tenders relating to the 16 oil blocks from July 28 to 29 of the current year. From the outset, the Minister of Hydrocarbons, Didier Budimbu, began his presentation by reminding the council that on Saturday May 14, 2022, the Prime… Read More Here
Metso Outotec launches new padded truck body 2 Equipment & Technology Mining technology 

Metso Outotec launches new padded truck body

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Industrial technology company Metso Outotec has launched its new truck body, which is a one-piece, lightweight, hybrid truck bowl that combines the benefits of high-strength steel and rubber. It was designed to lower hauling costs, in addition to offering a safer working environment and maximising payload. The new truck body is capable of achieving more tonnage than conventional lined truck bodies, owing to the lower weight of the bowl, for a lower operating cost than steel-lined truck bodies. It also enables a 30% reduction in weight over conventional steel-lined truck bodies. This allows for more payload to be… Read More Here
Africa’s domestic mining sector not severely impacted by sanctions against Russia  3 Uncategorized 

Africa’s domestic mining sector not severely impacted by sanctions against Russia 

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More severe-than-expected sanctions against Russia will disrupt Russian mining activities in Sub‑Saharan Africa without having a serious negative impact on domestic mining sectors themselves, a recent report by The Economist Intelligence Unit states. According to the research and analysis division of The Economist Group, sanctions on Russian miners, including both metals and energy producers, in Africa will create manageable downside risks, which are outweighed by risks to the upside stemming from steep increases in commodity prices.  However, given that most Russian mining operations in Africa are joint ventures that rely in part… Read More Here
ZESCO advances green drive - Zambia 4 Energy Mining in Zambia 

ZESCO advances green drive – Zambia

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“We are on course to advancing green energy through our Renewable Energy department” said the ZESCO Limited Acting Managing Director Mr. Peter Chamfya. Zambia through the Ministry of Commerce, Trade, and Industry hosted a European Union (EU) – Zambia Inaugural Economic Forum on 18 and 19 May 2022 at Mulungushi International Conference Centre in Lusaka. The Economic forum which was held under the theme “Economic Transformation through Green Growth” was graced by His Excellency the President of the Republic of Zambia, Mr. Hakainde Hichilema, attracted over 400 delegates spanning from 27 member states… Read More Here
Sibanye-Stillwater invests in OptiMine® collision avoidance system (CAS) to enhance safety of workers 5 International Mining technology 

Sibanye-Stillwater invests in OptiMine® collision avoidance system (CAS) to enhance safety of workers

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USD$17M investment in OptiMine®next-generation technology to reduce accidents, injuries, and fatalities at Sibanye-Stillwater’s US PGM operations in Montana, US Newtrax and Sibanye-Stillwater have been working together since 2017 on various digitalization projects to improve safety and productivity at its Stillwater PGM underground mining operations in Montana. OptiMine® increases safety and optimized underground mining operations which aligns with Sibanye-Stillwater’s CARES values of commitment to safety, accountability, respect, and sustainability. These values support safe operations, allow growth, underpin business strategy, and promote competitiveness and success. 2022 is the beginning of a new… Read More Here
Angolan Diamonds back on track 6 Diamond 

Angolan Diamonds back on track

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Angolan diamonds sparkle again as reforms put production back on track: Six hundred miles east of the Angolan capital Luanda is a small city named Saurimo, whose primary industry has traditionally been agriculture. So, visitors might be surprised to come across a sprawling new development of large buildings, a power station and empty plots of land awaiting new construction on its outskirts. The $77m Saurimo Diamond Development Hub, built on the road toward the large Catoca diamond mine, was inaugurated by President JoãoLourenço last August. It represents the southern African country’s efforts to shake off its troubled past… Read More Here
NORTH-WESTERN CHAMBER OF COMMERCE GEARS UP FOR FQM IMPACT 7 Mining in Zambia Mining technology 

NORTH-WESTERN CHAMBER OF COMMERCE GEARS UP FOR FQM IMPACT

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The North-Western Province Chamber of Commerce and Industry (NWPCCI) has welcomed First Quantum Minerals’ US$1.35 billion investment package in two new projects in the province, and says its members are ready to capitalise on the opportunities. The mining firm recently approved plans to invest US$1.25 billion in its expansion of Kansanshi’s operations in Solwezi – known as the ‘S3’ project – and a final US$100 million to start its $250 million Enterprise nickel project in Kalumbila. NWPCCI president Mukumbi Kafuta said the chamber expected the investment would lead to social… Read More Here
Reforming Zambia’s mines needs regional partners, improved domestic operating environment 8 Mining in Zambia 

Reforming Zambia’s mines needs regional partners, improved domestic operating environment

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President Hichilema’s call to action for the Zambian and regional mining sector must be followed up with a concerted effort to improve the domestic operating environment and bring along regional partners if it is to succeed. Zambia’s President Hakainde Hichilema – affectionately known as HH – used his speech at the annual African Mining Indaba held in Cape Town in May to sell to the international investment community his vision for the nation’s vital mining sector. The country is well-positioned to capitalise on the global drive for the minerals critical… Read More Here
COGEP recommends Felix Tshisekedi to order IGF to audit SOKIMO and its unproductive partnerships 9 Mining in DRC Mining Companies 

COGEP recommends Felix Tshisekedi to order IGF to audit SOKIMO and its unproductive partnerships

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The Coalition for the Governance of Public Enterprises (COGEP) has documented the two partnerships of SOKIMO, namely KIBALI GOLDMINES and PIANETA and has just published its report during this week. According to this organization, SOKIMO has concluded several joint venture contracts with private companies under Congolese law and foreign law. Most of these contracts have been the subject of much controversy as to their real impact on the profitability of SOKIMO and the gain of the Congolese State as sole shareholder. As part of this study, the reflection focused on the… Read More Here
Mining titles sold to Metalkol by Gécamines for 60 million USD caused 2.6 billion USD in losses to the Public Treasury 10 Mining in DRC Mining Companies 

Mining titles sold to Metalkol by Gécamines for 60 million USD caused 2.6 billion USD in losses to the Public Treasury

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The Public Treasury of the Democratic Republic of Congo (DRC) recorded losses estimated at 2.630 billion US dollars following transactions around mining titles that the Société Générale des Carrières et des Mines (Gécamines) sold to Metalkol for a amount of 60 million US dollars (USD). In its report entitled “ Gécamines, what does over-the-counter hide? “, the Coalition for the Governance of Public Enterprises (COGEP) notes several irregularities, practices of financial embezzlement, corruption and mismanagement that have characterized the partnership relations between Gécamines and its two private partners within two joint ventures.… Read More Here

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