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DRC's Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume 1 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
Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC's Presidential Showdown! 2 Mining in DRC Governance 

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

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
According to the DRC elections body, CENI, 64,196 polling stations opened out of the 75,478 planned 3 Mining in DRC Governance Mining Policy 

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

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
How Can Africa Benefit from its Critical Minerals? (By NJ Ayuk) 40 Opinion Battery Metals International 

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

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
Ivanhoe Mines to Quadruple 2024 Exploration Budget 57 Mining in DRC New Mining Projects 

Ivanhoe Mines to Quadruple 2024 Exploration Budget

arnbethnic
Ivanhoe Mines Founder and Executive Co-Chair Robert Friedland and President Marna Cloete announced that the company is substantially increasing its group exploration activities and budget for 2024. The group budget for 2024 will quadruple to approximately $90 million, with exploration activities primarily focused on the 2,654-square-kilometre Western Foreland Exploration Project. The budget increase follows the November 28, 2023 announcement of the geologically significant, high-grade Kitoko copper discovery, as well as the maiden Mineral Resource estimates for the Makoko and Kiala high-grade copper discoveries, as announced on November 13, 2023, in the Western Forelands. The… Read More Here
Image for illustration only Mine Safety Mining in Zambia Safety & Health 

Day 4 and still no bodies retrieved from the collapsed dumpsite in Chingola, Zambia

arnbethnic
The government reports substantial progress at the Seseli dump site in Chingola, where over 30 miners find themselves trapped. However, despite over three days of intensive search operations, successful miner rescues has not yet been achieved because none of the over 30 miners or miners’ bodies has been retrieved. Elisha Matambo, the Copperbelt Province Minister, announced that rescue operators have effectively evacuated water from a tunnel that had become inundated. Furthermore, the military Commando Unit has been integrated into the ongoing rescue operations to enhance the efficiency of the mission.… Read More Here
Transfers of 10 million USD from SMICO to Gecamines, Guy Robert Lukama finally interviewed by IGF inspectors  58 Mining in DRC Economy Mining Policy 

Transfers of 10 million USD from SMICO to Gecamines, Guy Robert Lukama finally interviewed by IGF inspectors 

arnbethnic1 Comment
Finally, the beginning of definitive highlighting of the file on the transfers of 10 million USD from SMICO to more than twenty agents, senior executives and consultants of Gécamines, began this Friday, November 10 in Kinshasa with the hearing of the PCA of Gécamines, Guy-Robert Lukama, by IGF inspectors.  Indeed, after several days of resistance, Guy-Robert Lukama finally gave in and responded to the invitation of the IGF (General Inspectorate of Finance). He was heard from 1 p.m. until late in the night of this Friday, November 10 to elucidate the… Read More Here

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