You are here

Written by 

In house writer & editor

CINAT revival was at the center of a meeting at the Presidency of the Republic with all the stakeholders 1 Cement Mining in DRC 

CINAT revival was at the center of a meeting at the Presidency of the Republic with all the stakeholders

Copperbelt Katanga News
The conflict situation currently prevailing at the Cimenterie Nationale was the subject of a meeting at the Cabinet of the Head of State, chaired by André Wamesso, Deputy Chief of Staff of the President of the Republic. Together, provincial deputies from Kongo Central, trade unionists from CINAT and other partners reviewed all the aspects related to the revival of this public company. After twelve years of work stoppage at the Cimenterie Nationale (CINAT), a farm-out contract had been signed between the Congolese State, via the Ministry of Portfolio, with the… Read More Here
Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank biannual report 2 International Economy 

Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank biannual report

Copperbelt Katanga News
L-R: AfDB President Dr. Akinwumi Adesina, Niale Kaba, Minister of Planning and Development of Côte d’Ivoire, and Prof. Kevin Urama, Acting Chief Economist and Vice President at AfDB, at the Abidjan launch of the 2023 Africa’s Macroeconomic Performance and Outlook Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s Macroeconomic… Read More Here
MAAMBA COLLIERIES LTD AND ZESCO LIMITED JOINT CLARIFICATION ON MAINTENANCE OUTAGE 3 Energy Mining in Zambia 

MAAMBA COLLIERIES LTD AND ZESCO LIMITED JOINT CLARIFICATION ON MAINTENANCE OUTAGE

Copperbelt Katanga News
LUSAKA, ZAMBIA – Maamba Collieries Limited and ZESCO Limited jointly clarify that the current shutdown of one of the two 150MW units for Maamba Collieries Limited’s 300MW Thermal Power Station is due to routine planned maintenance and strongly refute suggestions in some quarters, that the maintenance is being used as an ‘arm-twisting’ mechanism by Maamba Collieries to demand funds owed to them by ZESCO Limited. The two companies have recently cemented a new spirit of partnership and collaboration following an agreement on an amicably revised tariff and resolution of a legal… Read More Here
Elaliite and Elkinstantonite, two unknown minerals, extracted from a Somali meteorite sample 4 International 

Elaliite and Elkinstantonite, two unknown minerals, extracted from a Somali meteorite sample

Copperbelt Katanga News
The number of mineral species continues to increase with the improvement of analytical techniques. In 2022, the International Mineralogy Association recognizes 5,863 mineral species. They are classified mainly according to chemical and crystallographic criteria.  According to mining.com, a team of researchers recently discovered at least two minerals never seen before on earth in a 15-tonne meteorite found in Somalia – the ninth largest meteorite ever discovered. Both minerals, with a third potential mineral under investigation, came from a single 70-gram piece sent to the University of Alberta for classification.  “Any time you… Read More Here
Kansanshi agreement is a neat solution to a historical problem - Prof. Saasa 21 Environment Social Governance (ESG) Mining in Zambia Mining tax 

Kansanshi agreement is a neat solution to a historical problem – Prof. Saasa

Copperbelt Katanga News1 Comment
All shareholders in Kansanshi are now incentivised towards maximising production, says Prof. Oliver Saasa ZCCM-IH’s recently announced decision to move from a dividend model to a revenue-sharing model has been both praised and criticised in the media but, concerningly, the rationale and details appear to be widely misunderstood. Mining For Zambia asked renowned economist Professor Oliver Saasa to shine a light on this agreement, which has been three years in the making. There has been a significant amount of commentary in the media on the Kansanshi agreement since it was announced earlier… Read More Here
US completes $2.5 billion loan to GM and LG battery joint venture 22 Battery Metals International 

US completes $2.5 billion loan to GM and LG battery joint venture

Copperbelt Katanga News
The U.S. Department of Energy said Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and LG Energy Solution to help pay for three new cell manufacturing facilities. lithium ion battery. The loan will help fund the construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan, supporting 6,000 construction jobs and 5,100 operations jobs at the three plants. U.S. Energy Secretary Jennifer Granholm plans to tout the Ultium loan close during a visit to Michigan on Monday with Deputy Labor… Read More Here
Ivanhoe Mines indexed in "The Sentry" report for receiving illegal benefits from insider trading 23 Mining in DRC Environment Social Governance (ESG) 

Ivanhoe Mines indexed in “The Sentry” report for receiving illegal benefits from insider trading

Copperbelt Katanga News
A new investigative report published this Thursday, December 15 by The Sentry entitled “Hijacking the system: How a Canadian mining giant played the law in the DRC” indexes Ivanhoe Mines. This organization alleges that Ivanhoe received illegal insider trading advantages; and that in a separate case, Canadian police are looking for evidence of corruption. The investigation focuses on Ivanhoe’s control of a potentially very rich deposit in the Central African copper belt. Information reviewed by The Sentry reveals that the multibillion-dollar company, led by American-born founder Robert Friedland, arranged to sell potentially lucrative… Read More Here
Cobre workers International Environment Social Governance (ESG) 

First Quantum Minerals ordered to suspend operations at Cobre Panama copper mine

Copperbelt Katanga News
Cobre Panama mine is First Quantum Minerals’ largest copper operation. (Image courtesy of Cobre Panama.) Panama’s government ordered Canada’s First Quantum Minerals on Thursday to pause operations at its flagship copper mine in the country after missing a deadline to finalize a deal that would have increased payments to the government from the mine. The government had given Minera Panama, which is majority-owned by First Quantum Minerals, until Wednesday to sign an agreement reached in January to pay $375 million a year to the government from its Cobre Panama mine. Panama’s… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.