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Zambia Chamber of Mines salutes First Quantum Minerals Plans to double investment

May 10, 2022May 10, 2022 admin

The Zambia Chamber of Mines has saluted First Quantum Minerals (FQM)’s plan to double its investment by adding $1.3 billion in its Kansanshi Mine in the North Western Province for the next 20 years. On the first day of the 2022 African Mining Indaba in Cape Town, South Africa, FQM Chief Executive Officer Tristan Pascall announced that plans have reached an advanced stage by his company to double its investment by adding 1.3 billion United States Dollars in its Kansanshi Mine. Mr. Pascall said this follows the assurance and stance… Read More Here

Copper Mining in Zambia

Zambia ends legal spat with Vedanta over seized copper mines

May 10, 2022May 10, 2022 admin

Zambia has agreed to end legal action against billionaire Anil Agarwal’s Vedanta Resources Ltd. as President Hakainde Hichilema seeks to revive mining output in the southern African country. Vedanta’s Konkola Copper Mines was placed under provisional liquidation in 2019 after the previous Zambian government alleged that the company had lied about expansion plans and paid too little tax. KCM denied any wrongdoing. Now Hichilema is seeking to attract investment to one of the world’s biggest copper producers by repairing damaged relationships with mining companies. Any solution at KCM has to… Read More Here

Mining in DRC Governance

Agreement between the Congolese State and Ventora group allows the DRC to circumvent the long legal process with an uncertain outcome”

May 10, 2022May 10, 2022 admin

The National Movement of Affected Consumers (MNCL) gave its opinion, this Monday, May 09, after having participated in the round table organized by the Presidency of the Republic around the agreement signed between the Ventora group of Dan Gertler and the DRC, relating to the return of oil and mining assets. Led by Joël Lamika, this civil society platform, an activist for the socio-economic rights of Congolese men and women, finds that this agreement brings significant advantages in favor of the DRC. “From our research and investigations, it emerges that… Read More Here

Events & Expos Mining in DRC

Sama Lukonde at INDABA/2022 to present investment opportunities in the DRC

May 10, 2022May 10, 2022 admin

Accompanied by the Ministers of Mines, Digital and Communication and Media, the Head of Government, Jean-Michel Sama Lukonde, arrived Sunday evening in Cape Town, South Africa, where he came to represent the President of the Republic, Félix Antoine Tshisekedi Tshilombo, at this Forum placed under the theme “Evolution of the African mining sector: investing in energy transition, ESG and savings”. It is around this main theme that the various exchanges and reflections will be carried out. The participants in these conferences are called upon to look in the same direction for… Read More Here

Copper Mining Companies Mining in Zambia

Celine Nair takes over role of KCM Provisional Liquidator

May 10, 2022May 10, 2022 admin

Konkola Copper Mines has announced that Lawyer Celine Meena Nair has taken over the role of Provisional Liquidator of the mining giant. This follows her recent appointment as acting Official Receiver of the Republic of Zambia. Ms Nair has assumed all functions relating to the office of the KCM Provisional Liquidator. This is according to a statement issued by KCM acting Chief Executive Officer Enock Mponda. At the time of her appointment, Ms Nair was Principle Legal Officer-International Law and Agteemht at the Ministry of Justice. Below is the full… Read More Here

Copper Gold New Mining Projects

Ivanhoe Mines Completes Platreef’s Production Shaft 1 at the Tier-One Palladium,in South Africa

May 9, 2022May 9, 2022 admin

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President, Marna Cloete, announced today at the African Mining Indaba Conference, the completion of the Shaft 1 production changeover at the company’s tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. Shaft 1 will serve as Platreef’s initial production shaft and is approximately 450 metres away from the first high-grade area of the Flatreef orebody scheduled to be mined during Phase 1 production. On April 22, 2022, Ivanplats celebrated the first blast at Platreef’s 950-metre level,… Read More Here

Mining in DRC

Civil society accuses Minister of Mines and Portfolio of having signed a leonine contract transferring mining assets recovered from Dan Gertler to a Canadian company

May 9, 2022May 9, 2022 admin

The collective of civil society organizations that participated in the round table organized by the Presidency of the Republic on the agreement signed between the DRC and the Ventora group of the economic operator Dan Gertler, denounces the signing of a one-sided contract in the Congolese mining sector. According to information from this collective, the Ministers of Mines and Portfolio proceeded on May 5 to the signing of a “leonine” contract, ceding over the counter to an unknown in the mining sector, the Canadian company AJN Resources belonging to the… Read More Here

Equipment & Technology International Mining technology

Sandvik to acquire mining part of Schenck Process Group

May 9, 2022May 9, 2022 admin

Sandvik has signed an agreement to acquire the mining related business of Schenck Process Group (SP Mining). SP Mining is one of the market leaders in screening, feeding and screening media solutions in the industry. The company will be reported in Stationary Crushing and Screening, a division in Sandvik Rock Processing Solutions (SRP). “I am pleased that we continue to execute on our shift to growth strategy by expanding our core offering in a profitable niche, as well as strengthening the aftermarket share within rock processing. This validates our strategy… Read More Here

Mining in Zambia

Kabuswe reiterates Zambia’s commitment to revamp mining sector

May 9, 2022May 9, 2022 admin

Minister of Mines and Minerals Development, Paul Kabuswe, has reiterated the government’s commitment to reviving the mining sector in Zambia and make it responsive to the needs of the country. Mr. Kabuswe says Zambia is a major player in the mining sector in Africa hence the need to put in place effective policy measures that will make the industry viable and contribute positively to the country’s economic agenda. He told ZANIS in an interview in Cape Town, South Africa yesterday that this is why the government will continue to interact… Read More Here

Copper Mining Companies Mining in Zambia

Vedanta offers Zambia investment commitments if handed back KCM

May 9, 2022May 9, 2022 admin

Vedanta Resources has offered to step up investment in Zambia’s Konkola Copper Mines (KCM) and implement several social responsibility programmes if it resumes control of the local firm, a company letter sent to the government showed. Zambia’s previous government put KCM into the hands of liquidator Milingo Lungu in May 2019, triggering an ongoing legal dispute with Vedanta Resources, KCM’s parent company. The government accused Vedanta of failing to honour licence conditions, including promised investment. Vedanta has repeatedly denied KCM broke the terms of its licence. In a leaked letter addressed to… Read More Here