Constance - Copperbelt Katanga Mining

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Glencore Explores Strategic M&A Opportunities Amid Industry Challenges

January 22, 2025January 22, 2025 Constance

LONDON – Mining and commodity trading giant Glencore has reaffirmed its openness to mergers and acquisitions (M&A) that enhance shareholder value, leveraging its position as one of the world’s top three copper producers. “As we have always said, M&A is something we are good at, and we are always open to transactions that are value-accretive for the company,” a Glencore spokesperson stated. In 2024, potential M&A activity dominated investor discussions within the mining sector. However, the challenges of integrating diversified producers were highlighted when BHP’s $49-billion bid for Anglo American… Read More Here

Transport and Logistics News in Brief

SADC Ministers Convene in Lobito to Discuss Agency’s Organizational Framework

January 22, 2025January 22, 2025 Constance

Members of the Committee of Ministers from the Southern African Development Community (SADC) are meeting today in Benguela to deliberate on the organizational structure of the Agency. This marks the second meeting of the group, held in the rail-port city of Lobito. The discussions aim to refine the framework and operations of the Agency, aligning it with SADC’s goals of regional cooperation and sustainable development. Lobito, renowned for its strategic position and infrastructure connecting inland regions to international markets, serves as a fitting venue for this important gathering. This meeting… Read More Here

Mining in DRC Events & Expos Mining Personality

DRC Minister of Mines to Lead Delegation at Mining Indaba 2025

January 22, 2025January 23, 2025 Constance

The 2025 Investing in African Mining Indaba welcomes a distinguished delegation from the Democratic Republic of the Congo (DRC), led by H.E. Kizito Pakabomba Kapinga Mulume, Minister of Mines, and Hon. Louis Watum, Minister of Industry and the Development of Small and Medium-Sized Enterprises. Kizito Pakabomba brings over 20 years of international expertise in the oil and energy sectors, having worked with the TOTAL Group across Africa, Europe, and Asia. In 2017, he founded TWYK, a company specializing in upstream strategy and monitoring, business development, public affairs and lobbying, strategic… Read More Here

International Copper Gold New Mining Projects

Reko Diq Copper and Gold Project to Boost Pakistan’s Economy with $74 Billion in Cash Flow

January 20, 2025January 20, 2025 Constance

The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74 billion in free cash flow over the next 37 years, according to Barrick Gold CEO Mark Bristow. The project, which Barrick co-owns with the governments of Pakistan and Balochistan, is considered one of the world’s largest underdeveloped copper-gold deposits, and its development is expected to have a significant positive impact on Pakistan’s struggling economy. Barrick holds a 50% stake in the mine, with the remaining ownership split between the federal and provincial governments of Pakistan.… Read More Here

Mining in DRC Artisanal mining

Six Killed in Landslide at Artisanal Mine in DRC’s Bas-Uele Province

January 20, 2025January 20, 2025 Constance

A tragic landslide at an artisanal mine in the Bondo territory of Bas-Uele province, Democratic Republic of Congo (DRC), claimed the lives of six people on the night of January 11 to 12. The incident was reported by the provincial Minister of Mines, Modeste Midikilo, to local press over the weekend. The landslide occurred at the Don de Dieu/Ngbede mining site. Minister Midikilo confirmed that investigations would be launched into the incident. To prevent future tragedies, Minister Midikilo urged artisanal miners to adhere to safety standards and emphasized the need… Read More Here

Mining in DRC

Haut-Uele Governor Suspends Chinese Mining Activities Over Violations

January 20, 2025January 20, 2025 Constance

The Governor of Haut-Uele province has ordered the suspension of mining activities by Chinese operators in the region following a mission to Watsa. The suspension stems from several factors, including illegal exploitation and environmental damage caused by these foreign miners. The provincial authorities noted that the Chinese operators were not only exploiting resources under the guise of Congolese mining cooperatives but also engaging in semi-industrial activities using heavy machinery, in violation of mining laws. Jean Bakomito, the provincial authority, expressed concern that while the Congolese request permits for artisanal mining,… Read More Here

Cobalt Copper Mining in DRC

USA Invests $2 Million to Promote Responsible Artisanal Mining in DRC

January 20, 2025January 20, 2025 Constance

The United States has announced a $2 million investment aimed at supporting responsible artisanal copper and cobalt mining in the Democratic Republic of Congo (DRC). The U.S. government’s initiative, detailed in a press release by the United States Agency for International Development (USAID) on January 16, seeks to promote ethical mining practices of these essential metals, which play a crucial role in the global energy transition. The U.S. commitment aligns with the Congolese government’s efforts to reform the artisanal mining sector. USAID funding will support the state-owned company EGC in… Read More Here

Mining in DRC

Chinese Nationals Sentenced to Prison and Fines for Illegal Mining and Money Laundering in DRC

January 19, 2025January 19, 2025 Constance

A Congolese court has sentenced three Chinese nationals to seven years in prison after they were arrested with gold bars and $400,000 in cash, found guilty of illegal activities linked to the country’s artisanal mining sector. This trial marks a significant step in the Democratic Republic of Congo’s ongoing efforts to combat unlicensed mineral extraction. The three men are the first Chinese nationals to stand trial since Congo intensified its crackdown on illegal mining in the resource-rich, conflict-stricken east. Christian Wanduma, a lawyer representing local communities, described the trial as… Read More Here

Mining in DRC

Political Authorities Accused of Coercive Mining Contracts in Lualaba and Haut-Katanga

January 19, 2025January 19, 2025 Constance

The Platform of Organizations for the Promotion and Defense of Economic, Social, and Cultural Rights in the Democratic Republic of Congo (DESC/DRC) has released a revealing investigation titled “Implementation of Transparency in the Management of Extractive Industries in a Politicized Sector.” The report highlights how influential political figures in the DRC exploit state mining assets, particularly through contracts awarded by Gécamines under questionable circumstances. Key Findings: The report also scrutinizes the Entreprise Générale de Cobalt (EGC), a subsidiary of Gécamines established in November 2019 to oversee the ethical purchase and… Read More Here

Mining in DRC Cobalt Copper

DRC Seeks Mining Partners to Diversify Away from Chinese Dominance

January 19, 2025January 19, 2025 Constance

The Democratic Republic of Congo (DRC), the world’s top cobalt producer and a key source of copper and other critical minerals, is actively seeking new mining investors to diversify its partnerships and reduce heavy reliance on Chinese companies. This includes pursuing investments from Saudi Arabia, the European Union, and India, according to Marcellin Paluku, Deputy Cabinet Director in the Ministry of Mines. Chinese companies, many of them state-backed, have emerged as the largest investors in the DRC in recent years, significantly expanding their footprint in the country’s mining sector. CMOC… Read More Here