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Could Covid-19 spark an autonomous revolution in mining? 1 Covid-19 International Mining technology 

Could Covid-19 spark an autonomous revolution in mining?

Copperbelt Katanga News
The Covid-19 pandemic has disrupted mining operations across the globe but, as lockdowns lift and miners adjust to new ways of working, we look at whether coronavirus could be the spark for an autonomous revolution.  Concerns have been raised that mines could be potential hotbeds for new outbreaks of the disease due to the close proximity miners work in, with significant outbreaks among Polish coal miners in the mining region of Silesia showing that regular mining operations will be difficult to resume in a safe capacity. Automation in the spotlight… Read More Here
Toyota sees further recovery in global car production in August 2 Covid-19 International Transport and Logistics 

Toyota sees further recovery in global car production in August

Copperbelt Katanga News
Toyota Motor Corp  will make 2% fewer vehicles worldwide in August than originally planned, the Japanese automaker said on Tuesday as production is gradually recovering from a steep decline due to the coronavirus pandemic. The company said it aimed to make 15,000 fewer vehicles than its initial plan, which was around 750,000, according to Reuters’ calculations. August’s reduction is smaller than the cut of 10% seen in July, and June’s 40% reduction. As Japan fears a second wave of infections spreading from the capital, one Toyota employee working at its… Read More Here
$400m loan to be Funded in Mozambique for LNG project- AFDB 3 Uncategorized 

$400m loan to be Funded in Mozambique for LNG project- AFDB

Copperbelt Katanga News
The African Development Bank (AfBD) is the latest financial institution to confirm funding for the $ 20 billion liquefied natural gas project in Mozambique (LNG) developed by a Total-led consortium in northern Mozambique. In a statement released, the development finance institution announced that it had signed a $ 400 million senior loan for the project, which had received a total of $ 14.9 billion in funding from eight export credit agencies, 19 commercial banks and development finance institutions. The project is expected to complete financially in late 2020, despite growing… Read More Here
LNG Mozambique Oil & Gas 

Total Mozambique LNG – completes nearly $16 billion financing

Copperbelt Katanga News
The Mozambique liquefied natural gas project has closed up to $ 16 billion in funding for a number of banks despite a slowdown in energy investment as the corona virus pounds the global economy. According to the White & Case LLP law firm, which advised the financiers, it is the largest foreign direct investment in Africa to date. The financial closing is scheduled for the end of September. The African Development Bank will provide $ 400 million in senior loans, and the Japanese International Cooperation Bank has signed a loan… Read More Here
Mining Firms Directed to Release Confined Workers-Congo 4 Covid-19 Mining in DRC Mining safety 

Mining Firms Directed to Release Confined Workers-Congo

Copperbelt Katanga News
The Democratic Republic of the Congo (DRC) has given all copper and cobalt companies a month to release confined workers by ending these practices  In an open letter, Labour Minister Nene Ilunga Nkula was quoted as saying that the spread of Covid-19 could be slowed down if the practice of restricting workers to the site ended. In addition to dismissing workers, companies must provide health care, housing, and healthy nutrition to locked-in workers and their families. The letter published on Twitter states that: “All mining companies that have restricted workers… Read More Here
oil Covid-19 

Oil slips on surge in COVID-19 infections, U.S.-China tension

Copperbelt Katanga News
Oil prices fell about 1% on Monday after global coronavirus cases rose a record daily, increasing fears of renewed government closures and growing tensions between the US and Europe with China. The World Health Organization reported more than 230,000 new cases of coronavirus, a daily record, on Sunday. Much of the growth takes place in the western hemisphere, particularly in the United States and Latin America. In the United States, infections increased over the weekend when Florida saw an increase in over 15,000 new cases within 24 hours, a record… Read More Here
Congo justice minister resigns 5 Mining in DRC 

Congo justice minister resigns

Copperbelt Katanga News
Democratic Republic of Congo Justice Minister Celestin Tunda resigned on Saturday after an argument with the President over legislative proposals that would give politicians more control over law enforcement. In a televised statement, Tunda gave no reason for his departure one week after President Felix Tshisekedi’s private threat of firing Tunda if he didn’t quit, sources close to the president said. The disagreement over a proposal by Tunda’s political allies to give the Justice Department more control over the judiciary highlighted the tensions in the coalition between Tshisekedi and his… Read More Here
zambian flag Mining in Zambia Mining tax 

Zambia continues to vex its mining sector

Copperbelt Katanga News
Today’s tensions over Zambia’s mines cannot be blamed solely on their new owners or previous administrations. The current government creates a climate in which the mines struggle to thrive. The government has introduced an impossible tax system, withheld $ 1.6 billion in unpaid sales tax, and accused the mines of tax evasion. It has also deliberately destabilized the energy sector, making electricity costs and transmission unpredictable. Glencore, owner of Mopani Copper Mines (MCM) since 2000, is struggling to get government approval to close the mines for care and maintenance, despite… Read More Here
Willy Kitobo launches media campaign to popularize revised Mining Code 6 Mining in DRC 

Willy Kitobo launches media campaign to popularize revised Mining Code

Copperbelt Katanga News
Mines Minister Willy Kitobo has launched the media campaign for the revised Mining Code. Mr Kitobo gave himself a period of two months to use the multimedia of The Congo to popularize the provisions of this mining law as the action is set to be accompanied by the publication of a marked Mining Code. He added that the aim was to facilitate the understanding of this legal text not only by stakeholders but also by the Congolese people. For the Congolese boss of Mines, the extension of the revised Mining… Read More Here
Kibali's $500m will be cleared to leave Congo 'very soon' - Barrick CEO 7 Mining in DRC 

Kibali’s $500m will be cleared to leave Congo ‘very soon’ – Barrick CEO

Copperbelt Katanga News
Barrick Gold’s Kibali Gold Mining joint venture in the Democratic Republic of the Congo will shortly be able to pull $ 500 million out of the country, CEO Mark Bristow announced on Monday. The gold mine worker has been in talks with the Congo government for months on how to get the money out of the country. A resolution was closed in January, but then hit the Covid 19 pandemic, Bristow said in a phone interview. Bristow said he expected the money to be released “very soon” for the exit… Read More Here

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