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Inga III dam Electricity Energy Mining in DRC 

German investors to relaunch Inga III in the DRC

arnbethnic
Germany and the European Union could financially support the Inga III dam project, the completion of which has been blocked for years. A delegation of German investors is visiting Kinshasa these days. On the program: railway and energy operations in the Democratic Republic of Congo. The Inga III dam project is at the center of interest since it could be the subject of European funding in order to ensure access to an energy source that respects the environment. The delegation led by Gernot Wagner, German businessman and honorary consul of… Read More Here
Magna Tyres 32 Equipment & Technology International Mining technology 

MAGNA TYRES USA, HAPPY TO EXPAND ITS US TEAM DUE THE FAST GROWTH

arnbethnic
Magna Tyres Group is pleased to announce the appointment of Ryan Cusick as Sales Manager of its US office. With Ryan on board, Magna Tyres can focus even more on the brand presence, the distribution network and relationship with current and new customers. Ryan has over 6 years of experience in the tire industry and worked for several major tire brands. Within total 18 years of sales experience, Magna Tyres is convinced that Ryan is the right person for this position. Since Magna Tyres launched its office in the US,… Read More Here
MIBA DRC Courts Diamond Mining in DRC 

Mbuji-Mayi’s TRIPAIX takes under advisement the trial of MIBA experts

arnbethnic
The Mbuji-Mayi peace court, sitting last weekend in a fairground at the central prison of Mbuji-Mayi, in the prosecution case against the accused Claude Mianzuila Disimba, former diamond expert of the MIBA company, has taken under advisement this file. He is accused of defamation by the wife of the former financial director of the outgoing management committee of this mining company. According to the ACP, this judicial body has exhausted all stages of the judicial process, in accordance with the Congolese penal code. The body of the law requested the… Read More Here
US Sanction Gold Mining in DRC 

Calls for US sanctions against personalities involved in gold trafficking in the Great Lakes | DRC

arnbethnic
In their correspondence dated August 17, 2020 addressed to the United States Secretary of the Treasury, Steven Mnuchin, and the Secretary of State, Michael Pompeo, concerning the normalization of the situation in the Democratic Republic of the Congo in anticipation of the democratic elections in 2023, the nine US senators have also proposed to Washington to consider sanctions against those involved in the illicit trade in gold from the DRC to the countries of the Lakes. “As gold continues to be one of the biggest sources of funding for armed… Read More Here
Thiess Copper International Transport and Logistics 

Thiess awarded Mantos Blancos haulage contract in Chile

arnbethnic
CIMIC’s global mining services provider, Thiess, has been awarded a mining services contract with Mantos Copper S.A. at their Mantos Blancos mine, located northeast of Antofagasta, Chile.  Thiess will undertake load and haul services, including fleet maintenance, to move low-grade copper ore at the Mantos Copper SA operation, which produces around 50,000 tonnes of fine copper a year. Mantos Blancos is a mining complex located in Region II, 45 kilometres northeast of the city of Antofagasta at 800 meters altitide. It comprises an open-pit mine, crushing plants and facilities for processing oxidized… Read More Here
Vedanta Smelter Mineral Processing International New Mining Projects 

India court rejects Vedanta’s plea to restart copper smelter

arnbethnic
Vedanta will have to keep its plans to resume operations at its copper smelter in India on hold for longer after a local court rejected an appeal to restart the plant. The Madras High Court on Tuesday refused permission to restart the plant in southern India’s Tamil Nadu state. The court also said it hasn’t yet decided on a petition to the demolish plant. Vedanta can now appeal to the nation’s top court.ADVERTISEMENT Billionaire Anil Agarwal’s commodities producer stopped operations at the smelter for maintenance in March 2018 and later extended… Read More Here
CEC Power Energy Electricity Mining in DRC 

Elsewedy Electric to invest USD 38.8 million, building a high voltage substation in Kasumbalesa | DRC

arnbethnic
Egyptian electricity giant Elsewedy Electric will build a 220-15 / 6.6 kV substation in Kasumbalesa city, Haut-Katanga province, for an investment cost of USD 38.8 million, reports Agence Ecofin which delivered this information. The construction of this infrastructure will last 18 months and is intended to improve the country’s trade with its neighbors in southern Africa, mainly Zambia, while promoting the economic development of the city and its surroundings. This project results from a contract signed between Elsewedy Electric and the National Electricity Company (SNEL). Its completion will allow better… Read More Here
grand inga(2) Energy Electricity Hydro power plant Mining in DRC 

A merger of Chinese and Spanish consortia involved in the development of the Inga 3 Project

arnbethnic
The Chinese and Spanish consortia involved in the development of the Inga 3 project, the first of the six phases of the Grand Inga, signed on August 7 in Kinshasa a merger agreement as part of the construction of this vast hydroelectric dam in the Democratic Republic of the Congo. , according to a tweet posted by Patrick Kabuya, communications officer for ADPI (Grand Inga Project Development Agency).  “A giant leap for Inga 3: the Chinese & Spanish consortia have just merged, in accordance with the exclusive development agreement signed… Read More Here
central-bank-of-Congo building Mining in DRC Economy Mining tax 

Mutanda Mining’s payment of USD 100 million in 2015 was a “regular operation”, according to a source at the Central Bank | DRC

arnbethnic
The governor of the Central Bank of Congo (BCC), Déogratias Mutombo, was at his office this Tuesday, August 11, a source inside the BCC confirmed. Faced with rumors about the arrest of the boss of the BCC in connection with 100 million USD paid by the mining company Mutanda Mining (MUMI). Our source maintained that Déogratias Mutombo did not appear at the Office of the Inspection of the Judicial Police of the Public Prosecutor’s Office on Monday. “No, the governor is in his office. He did not show up when he was… Read More Here
inga dam Mining in DRC Electricity Energy Hydro power plant 

Minister of International Cooperation immerses himself in the progress of the Inga 3 project

arnbethnic
The Minister of International Cooperation and Regional Integration, Pépin Guillaume Manjolo, the Deputy Minister of Water Resources and Electricity, Papy Mpungu and the Head of State’s Officer in charge of the Agency for the Promotion and the development of the Grand Inga project (ADPI), Bruno Kapandji, met Wednesday in Kinshasa to exchange views on the progress of the Inga 3 project, informs a press release of the said ministry. This meeting also saw the participation of Ambassadors from countries crossed by the power transmission line from Grand Inga to the Republic… Read More Here

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