arnbethnic - Copperbelt Katanga Mining

Written by arnbethnic

Baker McKenzie worked with ZCCM-IH on Mopani’s US$1.1 billion partnership with IRH

January 1, 2024January 1, 2024 arnbethnic

Baker McKenzie, a prominent global law firm, provided legal counsel to ZCCM Investments Holdings Plc in connection with its execution of an investment agreement with International Resources Holding RSC Limited (IRH), a leading mining entity in Abu Dhabi. The agreement entails IRH’s commitment to invest $1.1 billion in Mopani Copper Mines Plc (Mopani), a key copper mining operation in Zambia. The completion of the transaction is contingent upon the satisfaction of specific conditions precedent, including the restructuring of the longstanding relationship between Glencore International AG and Mopani. Mopani plays a… Read More Here

Mining in DRC Economy Governance

DRC’s Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume

January 1, 2024January 1, 2024 arnbethnic

At the end of November 2023, the volume of trade between the DRC and the rest of the world increased by 6.87% compared to the corresponding period of 2022. The trade balance showed a surplus of 3,153.96 million USD compared to that of 3,146.26 million recorded at the end of November 2022. Relative to GDP, this surplus represents 4.60% against 4.78% in 2022. This development is essentially due to the more pronounced increase in imports compared to that of exports, from one year to the next. Indeed, exports increased by… Read More Here

Mining in DRC Governance

Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC’s Presidential Showdown!

January 1, 2024January 1, 2024 arnbethnic

Re-elected with 73% of the votes, Félix Tshisekedi has 5 years to consolidate the achievements of the first five-year term. At 4:02 PM (1 hour later in the eastern provinces of the DRC), under the daylight, the president of the CENI, Denis Kadima, began reading decision 130 of the CENI proclaiming the provisional results of the presidential election on December 20, 2023. Surrounded by members of the electoral commission, Denis Kadima indicated that candidate Felix Tshisekedi received a total of 13 million votes out of 18 million voters, representing 73%… Read More Here

Mining in DRC Governance Mining Policy

According to the DRC elections body, CENI, 64,196 polling stations opened out of the 75,478 planned

January 1, 2024January 1, 2024 arnbethnic

The results of the presidential election published Sunday afternoon by the CENI firstly reveal the significant gap between the different candidates. With 73%, Félix Tshisekedi is far ahead of his direct rival Moïse Katumbi, who reaches 18%. These two candidates stand out as the only ones to exceed the one million vote mark. Félix Tshisekedi is in the lead with more than 13 million 200 thousand votes, followed by the former governor of Katanga with 3 million 200 thousand votes. In third position, Martin Fayulu received just over 960,000 votes, representing 5%. The… Read More Here

Opinion Battery Metals International

How Can Africa Benefit from its Critical Minerals? (By NJ Ayuk)

December 17, 2023December 17, 2023 arnbethnic

Africa holds more than half of the world’s reserves of cobalt, 46% of its manganese, and 21% of its graphite, all used in EV batteries, and about a quarter of its bauxite, which is required for solar photovoltaic technologies To meet their green agendas, the European Union, United States, and China are engaged in the modern-day equivalent of a gold rush. This time, though, fortune seekers aren’t panning for shiny nuggets in Canada, America, or Australia. Instead, all eyes are on the critical minerals of Africa — cobalt, graphite, lithium,… Read More Here