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covid-19 BME Covid-19 Mining in DRC Safety & Health 

Congo mining provinces impose new covid-19 lockdowns

Copperbelt Katanga News
Authorities in south eastern mining heartland of the Democratic Republic of the Congo had announced temporary closures on Tuesday to extend coronavirus testing and prevent worsening of a worrying situation, the governors said. In the Central African nation, cases have multiplied despite short-term closures in some urban centres and restrictions on movements. A lack of local testing has fueled concerns that the virus will go undetected. Jacques Kyabula Katwe, governor of the mineral-rich Haut-Katanga province, said a new 48-hour ban will take effect this weekend at the Lubumbashi mining centre… Read More Here
Gold Pure Gold Mining in DRC Precious Metals 

Billions  of gold being smuggled-DRC

Copperbelt Katanga News
At least 1.1 tonnes of gold mined in the Democratic Republic of the Congo was smuggled into countries along the eastern border last year, costing the impoverished nation’s tax revenue in the millions and financing conflicts and criminal networks, according to a report by the United Nations expert group Nations shows. Official Congo gold exports, made by artisanal miners, are almost unrelated to reality, the report said, highlighting Uganda, Burundi, Rwanda, the United Arab Emirates and Tanzania as some of the most common destinations for precious metals. Citing multiple smugglers’… Read More Here
mining companies warned against violation of human rights 1 Coal Cobalt Covid-19 Mining in DRC 

mining companies warned against violation of human rights

Copperbelt Katanga News
WITH the corona virus still a major disruption to most of the world, the pandemic has caused a lot of damage on many sectors. Trade unions have accused Mining companies operating in the Democratic Republic of the Congo (DRC) of violating mining workers’ rights in view of ending the corona virus. The mining companies have been advised to end confinement policies aimed at slowing the spread of the Corona disease as the practice infringes on human rights. Miners in the Democratic Republic of Congo are being forced to remain at… Read More Here
 Artisanal mining to help sustain global markets 2 Copper Covid-19 Global markets Mining in DRC 

 Artisanal mining to help sustain global markets

Copperbelt Katanga News
Formalising artisanal mining has become a challenge that most mining industries are facing today especially those that in remote areas. Many organisations have since stepped in to help curb the situation. The organisations are focusing on making artisanal and small- scale mining (ASM) safer and more productive, since it is here to stay and is sustaining many communities, particularly in African areas that have the most mining operations. Speaking during the June 9th Webinar about formalising the ASM in the Democratic Republic of the Congo(DRC)  in the lead-up to the… Read More Here
CEC lines Mining in Zambia Energy 

Zambia Renown Copper Miner Fights $132 Million Electricity Bill

Copperbelt Katanga News
Vedanta Resources Ltd.’s Zambian entity in preliminary liquidation is struggling to keep the lights on after a power company has threatened to cut supply on a $ 132 million bill, according to court records. Zambia’s largest single electricity consumer, Konkola Copper Mines Plc, received an injunction from the High Court on May 13, Copperbelt Energy Corp. prevented it from containing its electricity. KCM denies the payment requested by CEC and says that electricity restrictions would cause irreparable damage to its facilities, according to an affidavit from the mining company.Vedanta Resources… Read More Here
Minerals Democratic Republic of Congo 1 Mining in DRC 

Democratic Republic of Congo needs to reinvent itself in the face of new challenges

Copperbelt Katanga News
  Following the enactment of the Democratic Republic of Congo’s (DRC) Revised Mining Code in 2018 the mining industry is further being impacted by the global drop in commodity prices impacting on miner’s profitability. PwC assurance and advisory partner for Francophone Africa JEAN JACQUES MUKULA says that the DRC’s mining sector is consequently trying to reinvent itself in the face of both current and future challenges, writes CHANTELLE KOTZE. “Now more than ever before, the DRC government has to reassure the mining sector on its ability to create a secure and stable investment and… Read More Here
World’s top mining companies committed to climate change solutions – ICMM 3 International 

World’s top mining companies committed to climate change solutions – ICMM

Copperbelt Katanga News
Twenty seven of the world’s leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM). The ICMM is an international organisation dedicated to a safe, fair and sustainable mining and metals industry and through the organisation’s climate change position statement, all members commit themselves to reducing emissions and supporting a low carbon future. “Our company members understand the urgent need for a global response to the threat of climate change and our mining principles,… Read More Here
Diamonds Mining in DRC Diamond International 

Russia, Congo, Botswana hold 80% of global diamond reserves

Copperbelt Katanga News
Diamonds reserves in Russia, Congo and Botswana combined account for at least 80.6% of the world’s total, estimated at about 1.1 billion million carats, a report released on Wednesday shows. According to data gathered by London-based Learnbonds.com, Russia has the largest reserves at 650 million diamond carats, representing about 52% of the global capacity. Congo comes in second with 150 million carats or 13% of the world’s total, the report shows, while Botswana takes the third place, with diamond reserves totalling 90 million carats. South Africa and Australia also account… Read More Here
Copper price jumps as Chinese imports surge 4 Copper 

Copper price jumps as Chinese imports surge

Copperbelt Katanga News
Copper rebounded on Friday after a recovery in Chinese metal imports suggested that the country’s manufacturing and construction sectors may emerge from the Covid-19 slump faster than expected. Copper trading in New York rose more than 2% in early afternoon trading to $ 2.43 a pound ($ 5,355 a tonne) and closed at an eight-week high. Bellwether metal briefly traded below $ 2.00 in March, which was most recently during the global financial crisis of 2008-2009, but has now recovered more than 20%. Customs data released on Thursday showed that… Read More Here
Mechanism in place to repatriate $252m from DRC – AngloGold 5 Mining in DRC 

Mechanism in place to repatriate $252m from DRC – AngloGold

Copperbelt Katanga News
A mechanism is in place to repatriate $252-million from the Democratic Republic of Congo (DRC), AngloGold Ashanti CEO Kelvin Dushnisky announced on Monday. The Johannesburg- and New York-listed company drew attention to the outstanding cash balances awaiting repatriation from the DRC in a first quarter market update. “There’s clearly room to improve our cash conversion. The focus here is on our remaining cash from the DRC, where we have some $252-million still to be repatriated. Importantly, though, we have access to that cash for use at Kibali, if needed,” Dushnisky said… Read More Here

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