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Exploration Success Secures Kibali’s Future 2 Mining in DRC Gold 

Exploration Success Secures Kibali’s Future

arnbethnic
With its exploration prospect pipeline continuing to expand, Kibali is well set to maintain its business plan for at least another 10 years. KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – The ability of Africa’s largest gold mine to replace its reserves beyond depletion will secure its position as one of Barrick Gold Corporation’s Tier One1 assets well into the future, president and chief executive Mark Bristow said here today. Speaking to local media, Bristow said the 13 year old mine, which has just improved its performance for the third consecutive quarter, still had an… Read More Here
Lumwana Shows Barrick’s Commitment to Copper 3 Mining in Zambia Copper 

Lumwana Shows Barrick’s Commitment to Copper

arnbethnic
LUMWANA, ZAMBIA – The transformation of Lumwana from a marginal copper asset into a world-class operation demonstrates the commitment of Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) to expanding its copper holdings in Africa and globally, president and chief executive Mark Bristow said today. Speaking at a media briefing at the mine, Bristow said since 2019 Lumwana’s fortunes had been turned around completely. Its life has been extended and it has been built into a profitable business, with significant growth opportunities. A solid year to date performance has kept it on track to achieve its… Read More Here
Govt to issue statement on KCM & Mopani 4 Mining in Zambia Governance 

Govt to issue statement on KCM & Mopani

arnbethnic
Mines and Minerals Development Minister PAUL KABUSWE says Government will this week make a final statement on the status of both Konkola Copper Mines -KCM and Mopani Copper Mines. Mr. KABUSWE says the two mining giants are very important in the economic transformation of Copperbelt towns. The minister says that is why he wants to update the nation on how far the ministry has gone with negotiations for both KCM and Mopani. Mr KABUSWE, who is also Chililabombwe Member of Parliament, says by the end of this year a lot… Read More Here
Eurasian Resources Group publishes its Sustainable Development Report 2021 5 About Company Environment Social Governance (ESG) International 

Eurasian Resources Group publishes its Sustainable Development Report 2021

arnbethnic
Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group headquartered in Luxembourg, announces the publication of its Sustainable Development Report (“the Report”) for 2021, entitled “Supporting key aspects of modern life”. The report unveils the significant role ERG plays in supporting the green energy transition as well as modern life in general. ERG is well-positioned to seize the opportunities presented by this transition, and is committed to doing so responsibly, including through its ongoing work on mineral value chain transparency and assurance and its broader contribution… Read More Here
The ECOBAY family is growing 6 Technology & Innovation International 

The ECOBAY family is growing

arnbethnic
BEKA Schréder is excited to announce the expansion of their ECOBAY lowbay and highbay lighting range! The ECOBAY is the ideal luminaire for lighting industrial facilities to optimize light levels and return of investment. BEKA Schréder have added a visually pleasing round PCB, and an optional additional skirt with enhanced glare reduction that can complement any specific application. The ECOBAY offers substantial energy savings, high performance and is able to operate at high ambient temperatures. It will meet all your expectations in a valued investment. Available with a selection of… Read More Here
The first half of 2021, mining royalties from Lualaba and Haut-Katanga are valued at nearly USD 650 million 7 Mining in DRC Mining tax 

The first half of 2021, mining royalties from Lualaba and Haut-Katanga are valued at nearly USD 650 million

arnbethnic
The contribution of the mining industry to the economy of the Democratic Republic of Congo (DRC) was strong during the year 2021, welcomed Mr. Louis Watum Kabamba, President of the Chamber of Mines of the Federation companies of the Congo (FEC). During a press conference organized on Friday, October 21, 2022, at the Fleuve Congo Hotel, in Kinshasa, Mr. Louis Watum indeed indicated that the sum of 647,208,290 USD was paid to the Public Treasury, solely by the mining industry established in the two provinces of the country, namely Lualaba… Read More Here
Julien Paluku calls on African countries to pool resources and migrate from import economies to local processing of natural resources 8 Mining in DRC Economy Technology & Innovation 

Julien Paluku calls on African countries to pool resources and migrate from import economies to local processing of natural resources

arnbethnic
The work of the 8th edition of Rebranding Africa Forum ended on Friday, October 21, 2022 at the Parliament of the Wallonia Brussels Federation in Belgium. Focused on the implementation of investment attractiveness strategies by African countries, the Democratic Republic of Congo was represented by its Minister of Industry Julien Paluku Kahongya. On this occasion, Julien Paluku shared the experience of the Democratic Republic of Congo on the process of setting up a first manufacturing plant for electric battery precursors in the province of Haut-Katanga and setting up Economic Zones Specials… Read More Here
Kinsevere - Arbitration Procedure Update (News Release) 9 Mining in DRC Governance Mining Policy 

Kinsevere – Arbitration Procedure Update (News Release)

arnbethnic
MMG Limited has initiated arbitration proceedings against La Générale des Carrières et des Mines S.A. (GECAMINES) in front of the International Chamber of Commerce (ICC). The company announced its submission to ICC on Friday, October 21, 2022. The action follows previous updates concerning incidents on its Sokoroshe Il and Nambulwa mining concessions in the Democratic Republic of the Congo (DRC): MMG holds existing mining contracts with Gécamines, both for Sokoroshe II and Nambulwa, registered with the official mining register. Sokoroshe II and Nambulwa were occupied by the armed forces and… Read More Here
Mining Code Review Forum: FEC Chamber of Mines recommends removal of redundant taxes 10 Mining in DRC Governance Mining Policy 

Mining Code Review Forum: FEC Chamber of Mines recommends removal of redundant taxes

arnbethnic
The Chamber of Mines of the Federation of Enterprises of Congo (FEC) closed, on Thursday, October 20, 2022, in Kinshasa, a mining forum focused on the theme: “Mining activity in the DRC and its challenges: evaluation of the revised Mining Code of 2018”. At the end of this meeting, several recommendations were made by the four commissions set up for this purpose. These are the Mining Law Commission; the Energy, Transport and Logistics Commission; and the Taxation and Customs Commission. First: Mining Law Commission At this level, six problems have been identified: –… Read More Here

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