You are here

Written by 

Update on the rehabilitation of the Mutuka dyke in Kolwezi by SICOMINES SA 1 Environment Social Governance (ESG) Mining in DRC 

Update on the rehabilitation of the Mutuka dyke in Kolwezi by SICOMINES SA

arnbethnic
Kinshasa September 18, 2022.- The Sino-Congolese mining company (SICOMINES SA) announces the imminent end of the rehabilitation works of the B6 dike in the Luilu sector in Kolwezi in the province of Lualaba. The structure can be used both for the transport and storage of rainwater.For SICOMINES SA, this dyke will solve the problem of recurrent flooding and erosion in the Kapata, Mapendo and Mutaka villages, but also prevent the despoliation of the rivers that the first two villages cross.The lack of maintenance was the basis of many potholes on… Read More Here
SARW recommends that the DRC and Zambia Cobalt Marketing draw inspiration from the diamond sales systems used by SADC 2 Mining in Zambia Cobalt Mining in DRC 

SARW recommends that the DRC and Zambia Cobalt Marketing draw inspiration from the diamond sales systems used by SADC

arnbethnic
The NGO Southern African Resources Wacht (SARW) has in a recently published policy brief entitled “Harmonization of lithium battery manufacturing policies in Southern Africa: collaboration between the DRC and Zambia”, recommended to the Democratic Republic of Congo and Zambia to draw inspiration from the marketing systems used by the SADC countries, in their implementation of the joint marketing of cobalt. On the sidelines of ongoing discussions between the DRC and Zambia on a possible collaboration for the exploitation and marketing of their strategic minerals, namely cobalt and copper, the South… Read More Here
Ivanhoe Mine's Ivanplats receives final $225 million prepayment under Platreef streaming agreements 3 International 

Ivanhoe Mine’s Ivanplats receives final $225 million prepayment under Platreef streaming agreements

arnbethnic
Updated engagement letters signed with Société Générale and Nedbank for expanded $150 million Platreef senior debt facility JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announce today that the company’s South African subsidiary, Ivanplats, has received the second and final prepayment of the $300 million Platreef streaming agreement. In addition, the company has signed updated engagement letters with its mandated lead arrangers, Société Générale and Nedbank, to increase the Platreef project senior debt facility from $120 million to $150 million.… Read More Here
Mining sector's failure to seek new copper jeopardizes entire energy transition 4 International Copper 

Mining sector’s failure to seek new copper jeopardizes entire energy transition

arnbethnic
Mining company executives’ preference for safe, short-term returns has led to a massive underinvestment in new copper mines and exploration, jeopardizing the metal-intensive energy transition. The shift toward decarbonization will require vast amounts of copper to extend transmission lines, install new wire in renewable power sources, and electrify existing appliances and cars. Despite this nearly certain demand, the mining industry has spent the past decade moving much of its profits away from finding and developing major new copper projects. Instead, industry members have favored expanding mines with stronger guarantees of shorter-term… Read More Here
Ivanhoe and Gécamines host ceremony commemorating the start of construction activities at the historic Kipushi Mine 5 Mining in DRC New Mining Projects 

Ivanhoe and Gécamines host ceremony commemorating the start of construction activities at the historic Kipushi Mine

arnbethnic
Production from Kipushi’s ultra-high-grade Big Zinc deposit targeted for late 2024, marking one hundred years since the mine first opened. Ceremony attended by DRC Prime Minister and other DRC national and provincial dignitaries. Memorandum of understanding signed with Province of Haut-Katanga to study upgrade of the Kipushi border crossing. KIPUSHI, DEMOCRATIC REPUBLIC CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) President Marna Cloete is pleased to announce that Kipushi Corporation SA (KICO), a joint venture between Ivanhoe and DRC state-owned mining company Gécamines, recently hosted a breaking-ground ceremony to commemorate… Read More Here
How could the 2023 Budget drive continued economic growth for Zambia? 22 Mining in Zambia Economy Governance 

How could the 2023 Budget drive continued economic growth for Zambia?

arnbethnic
As is tradition, ahead of the annual Budget announcement by the Minister of Finance, Mining For Zambia spoke to celebrated Zambian economist, Professor Oliver Saasa, to ask him about the measures we might expect to see introduced in order to drive continued economic growth, one year since the ‘new dawn Government’ took the helm. Ahead of the announcement of the 2022 Budget in October 2021, much of the country eagerly waited to hear what President Hichilema’s administration had in store. Almost a year on, what would you say have been the biggest changes to… Read More Here
2022/2023 mine rehabilitation program at FQM Trident Limited 23 Mining in Zambia Environment Social Governance (ESG) 

2022/2023 mine rehabilitation program at FQM Trident Limited

arnbethnic
Preparations for the 2022/2023 mine rehabilitation program at FQM Trident Limited have reached an advanced stage. The Environmental Department has made good progress in stockpiling top soil, procurement of grass seeds, raising indigenous tree seedlings and re-enforcement of tools and equipment for a successful wet season of grass and tree planting.Kachiwala Sapalo, FQM Trident Environmental Manager indicates that re-profiling of a decommissioned section of the South Waste Rock Dump is progressing well with 4.2 hectares already done. About First Quantum Minerals Ltd First Quantum Minerals Ltd is a global metals… Read More Here
The five recommendations of the Civil Society of Ituri and Haut-Uélé against illegal mining in the DRC 24 Mining Policy Mining in DRC 

The five recommendations of the Civil Society of Ituri and Haut-Uélé against illegal mining in the DRC

arnbethnic
The Coalition of Civil Society Organizations of Haut-Uélé and Ituri for the Governance of Natural Resources recently published its latest report on mining in these two provinces. According to the report, more than 3/4 of gold mining sites are controlled by armed groups and millions of US dollars escape the Treasury. According to the report, allowing these armed groups to operate and mine gold would constitute a sign of sabotage of state authority. To this end, the EITI-DRC Executive Committee calls on the authorities to take more responsibility to put… Read More Here
Banking activity in the DRC is one of the weakest in the region, according to the IMF 25 Mining in DRC Economy Environment Social Governance (ESG) 

Banking activity in the DRC is one of the weakest in the region, according to the IMF

arnbethnic
In its report published recently in August 2022 on the Congolese financial system, the International Monetary Fund (IMF) indicates the fragility of the business model of commercial banks in the Democratic Republic of Congo. “A comparative analysis with certain peers in the region (countries very dependent on exports from the mining sector) underlines that banking activity in the DRC is one of the least profitable in the region despite very high interest margins, at more than 10 percent,” notes this Bretton Woods financial institution in this study conducted by its Monetary… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.