arnbethnic - Copperbelt Katanga Mining

Written by arnbethnic

Kamoa-Kakula on track for production to start, said Ivanhoe

January 25, 2021January 25, 2021 arnbethnic

Ivanhoe Mines said its Kamoa-Kakula copper joint venture project in the Democratic Republic of Congo (DRC) is making good progress, has created a healthy pre-production stockpile and is set to start production within six months. Kamoa-Kakula is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the government of the Democratic Republic of Congo (20%) The miner said the December stockpile total was 269,000 tonnes of ore, including 55,000t grading 8.75% copper from its high-grade Kakula centre. Its pre-production stockpile now holds… Read More Here

Tests in Canada confirm the quality of Manono lithium for the production of electric batteries | DRC

January 15, 2021January 16, 2021 arnbethnic

The results of independent tests carried out in Canada give AVZ Minerals confidence to continue the development of the project and negotiate the sale of the product upstream. In DRC, the Manono project can deliver primary lithium sulphate that meets the specifications required for the manufacture of electric batteries. This is the assurance received by the mining company AVZ Minerals which requested tests in Canada to confirm the quality of the product. Independent metallurgical test work has confirmed Manono’s Primary Lithium Sulphate is suitable for battery production feedstock. Read all the… Read More Here

A mission to convince major global consumers of Congolese cobalt

January 11, 2021January 11, 2021 arnbethnic

The missions of the Minister of Mines Professor Willy KITOBO SAMSONI in the world and in the provinces with the objective of convincing the large world consumers of Congolese Cobalt to work with the Government of his country to make the artisanal production of responsible Cobalt ended up paying off and give credibility to the efforts of the DRC in improving working conditions for artisanal mining activities. Indeed, it is since the last Davos conference in Switzerland where he was received by the members of GBA, his mission in Geneva… Read More Here

Cement Mining in DRC New Mining Projects

The new lime plant built by the TFM company | DRC

January 11, 2021January 11, 2021 arnbethnic

The Minister of Mines, Prof. Willy KITOBO SAMSONI took advantage of his mission in Haut-Katanga and Lualaba to visit, on January 08, 2021, the new lime factory built by the TFM company. As a man in the field and a well-informed scientist since he was a University professor in the field, he followed all the explanations and left satisfied with this important investment mounted in record time. The Minister of Mines encouraged them to continue supporting the development of the Congolese mining sector since by setting up this industrial production unit with… Read More Here

Economy Mining in DRC

Félix Tshisekedi promulgates the 2021 finance law | DRC

January 2, 2021January 2, 2021 arnbethnic

The President of the Republic Félix Antoine Tshisekedi Tshilombo promulgated the 2021 finance law. The related ordinance was read in the early hours of January 1, 2021 on the antennas of the Radio Télévision Nationale Congolaise (RTNC). Estimated at 6.884 billion dollars, the 2021 budget contains 64 articles and was presented on November 14 by the Prime Minister, Sylvestre Ilunga Ilunkamba. This finance law was adopted at first reading by the National Assembly on December 3 and at second reading by the Senate on December 15, 2020. Voted in identical… Read More Here

Mining in DRC Economy

Ecobank DRC confirms having transferred the funds of NB Mining AFRICA SA

January 2, 2021January 2, 2021 arnbethnic

Ecobank RDC takes issue with the allegations against it accusing it of having held a fund on the account of the mining company NB Mining AFRICA SA and that it would have paid to impostors. In a press release published on Tuesday, Ecobank said it had “effectively carried out an enforceable judicial decision on the spot confirming the seizures which were made on the assets of the company NB Mining AFRICA SA in this book, and this at the request of the company ASTALIA INVESTMENT LTD, which were notified to… Read More Here

Gold Economy Mining in Zambia

Zambia to buy gold from First Quantum to boost reserves

December 27, 2020December 27, 2020 arnbethnic

Zambia, which last month became Africa’s first pandemic-era default, will begin buying gold from Canada’s First Quantum Minerals (TSX: FM) and a state-owned miner for the first time in 25 years, as it seeks to boost foreign-exchange reserves currently near record lows. Under a gold-buying deal inked Friday between the country’s central bank and First Quantum, Zambia will acquire all the gold produced as a by-product of the company’s Kansanshi copper mine. The operation generated 145,000 ounces of gold in 2019 and is expected to produce 220,000–235,000 tonnes of copper, and 120,000–130,000 ounces… Read More Here

Mining in DRC Economy

“DR Congo must not remain a country of consumption” Dieudonné Kasembo, the New FEC leader

December 27, 2020December 27, 2020 arnbethnic

Newly promoted to the head of the Federation of Congo Enterprises (FEC), Dieudonné Kasembo is thinking of a new economic model for the DRC, focusing primarily on agriculture or agribusiness. Being a member of the African Free Trade Area (ZLECAF), the DRC should not remain, according to Mr. Kasembo, a consumer country but should rather be able to offer something across the world with regard to its potentialities. “We need to rethink a new economic model for our country. We need to work on this to ensure that we prioritize agriculture,… Read More Here

Mining in DRC Covid-19 Covid-Resilient Operations

Curfew in the DRC: ODEP calls for the monitoring of 9 activity sectors to consolidate the multisectoral emergency program against of covid-19

December 27, 2020December 27, 2020 arnbethnic

In its press release published on Tuesday, December 22, the Observatory for Public Expenditure (ODEP) pointed out to the government that the curfew, established since Friday, December 18, is a partial confinement of 8 hours a day which will cause new damage to the economic and social fabric. For this second wave, believes this civil society organization, it is necessary to assess and take charge of the economic damage that the curfew will cause in the cost of the PMUAIC (multisectoral emergency and mitigation program for the impacts of covid… Read More Here

Gold Mining in DRC

RWANDA aims to become a mining industry hub under the DRC’s beard

December 26, 2020December 26, 2020 arnbethnic

Unlike many African countries including the DRC, Rwanda has implemented reforms designed to make industrialization a real lever for the development of its mining sector. To achieve this objective, the country of Paul Kagame has developed since 2017 the “National Strategy for Transformation” which sets clear objectives to be reached by 2024 at the latest. Kigali gives priority to investments that bring added value to the country’s mining products, particularly 3Ts: tin, tantalum and tungsten. With this in mind, the country is counting on the construction of a large number of factories… Read More Here