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First Quantum Minerals completes pair of key financing deals 1 Mining in Zambia International 

First Quantum Minerals completes pair of key financing deals

arnbethnic
First Quantum Minerals Ltd. has completed two key financing deals to raise a total of more than US$2 billion that it plans to use to repay other debt and for general corporate purposes. The refinancing comes as the company pursues an international arbitration process over Panama’s decision to effectively shut down the company’s copper mine in the country. First Quantum chief executive Tristan Pascall says the successful completion of the refinancing has strengthened the company’s balance sheet and will enable it to deliver on an expansion at its Kansanshi mine… Read More Here
Sicomines Contract Renegotiation: Two Possible Scenarios Post-Amendment Compliance, IGF Analysis 18 Mining in DRC Environment Social Governance (ESG) Governance 

Sicomines Contract Renegotiation: Two Possible Scenarios Post-Amendment Compliance, IGF Analysis

arnbethnic
After the renegotiations of the Sicomines contract signed in 2008, described as leonine by some, a memorandum of understanding in the form of an amendment was signed between the government of the Democratic Republic of Congo and the Chinese Enterprise Group (GEC). In this memorandum of understanding revealed by the General Inspectorate of Finance (IGF) Friday January 27, 2024 in the presence of civil society organizations, the DRC was able to obtain 7 billion dollars for the construction of national roads due to 324 million dollars per year and 624 million… Read More Here
The FEC want to extend subcontracting to private sector entrepreneurs operating in all provinces  in DRC 19 Mining in DRC Environment Social Governance (ESG) Governance 

The FEC want to extend subcontracting to private sector entrepreneurs operating in all provinces  in DRC

arnbethnic
The Congolese authorities exchanged, on Tuesday, January 23, 2024, with members of support institutions, in particular the Federation of Congolese Enterprises (FEC) and the Regulatory Authority for Subcontracting in the Private Sector (ARSP) . Their discussions focused mainly on the possibilities of extending subcontracting in all twenty-six (26) provinces of the Democratic Republic of Congo. The meetings were led by Désiré M’Zinga, Minister of Entrepreneurship, Small and Medium Enterprises. “We had discussions with the delegation of the Federation of Companies of Congo (FEC) and the regulatory authority for subcontracting in the private… Read More Here
CKM EMAGAZINE JANUARY - FEBRAURY 2024 EDITION (PDF FORMAT) 20 CKM eMagazine 

CKM EMAGAZINE JANUARY – FEBRAURY 2024 EDITION (PDF FORMAT)

arnbethnic
Just in case you have not yet receive the January – February edition of the CKM eMagazine, Here’s your free copy and don’t forget to share with your colleagues who might not only need thus but would also benefit from the news and information provided in this special edition. The CKM eMagazine is massively distributed digitally reaching top decision makers in all the mining houses in Zambia and DRC. We have over 86,000 followers on LinkedIn with over 46,000 CKM Newsletter subscribers. Our upcoming March – April 2024 edition will feature some special topics in your preferred industrial focus. This offers… Read More Here
Mopani Copper Mines New Mining Projects Mining in Zambia 

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

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
DRC's Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume 70 Mining in DRC Economy Governance 

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

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

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