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Peru Extends Controversial Permit for Informal Miners Amid Industry Tensions 1 International 

Peru Extends Controversial Permit for Informal Miners Amid Industry Tensions

Constance
Peru’s Congress voted late Friday to extend the controversial Reinfo permit for six months, allowing informal mines to continue operating legally. The decision reflects a complex battle of interests, with large business groups opposing the permit and hundreds of thousands of informal miners advocating for its continuation. Peru is a significant global hub for copper mining, home to major operators such as Freeport-McMoRan and Southern Copper. The Reinfo permit has become a contentious issue as it seeks to regulate informal mining while addressing concerns about illegality and environmental impact. The… Read More Here
President Biden visits Lobito Atlantic Railway to view copper exports to the USA 2 Transport and Logistics Angola Mining in DRC Mining in Zambia Press Release 

President Biden visits Lobito Atlantic Railway to view copper exports to the USA

Constance
Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC).  The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the Lobito Corridor in linking Southern Africa and international markets. Nicolas Gregoir, Director of Operations (COO) at LAR, presented to… Read More Here
DRC’s Vast Mineral Wealth Faces Control and Benefit Challenges Amid Global Energy Transition 3 Cobalt Events & Expos Lithium Mining in DRC 

DRC’s Vast Mineral Wealth Faces Control and Benefit Challenges Amid Global Energy Transition

Constance
The Democratic Republic of Congo (DRC) is one of Africa’s most mineral-rich nations, boasting vast reserves of essential resources like lithium and cobalt—key components in batteries that are critical for the global transition to renewable energy. Despite this enormous potential, the DRC struggles to exercise full control over its mineral wealth or reap significant benefits from its exploitation, largely dominated by multinational corporations such as CMOC, Glencore, and Zijin. These concerns were highlighted by Faustin Biringanine, Director General of the Mining Fund for Future Generations (FOMIN), during the panel titled… Read More Here
DRC Minister of Mines Champions Manono’s Mining Potential 4 Lithium Mining in DRC 

DRC Minister of Mines Champions Manono’s Mining Potential

Constance
The Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, recently visited Manono in Tanganyika Province as part of efforts to advance the country’s mining sector. This visit highlights the DRC’s strategic collaboration with Manono Lithium, a leading company in lithium extraction, a vital resource for the global energy transition. Upon his arrival, the Minister was warmly welcomed by the local community. Children presented him with bouquets of flowers and released a dove, symbolizing peace and hope for a region striving toward prosperity. A key moment of the visit… Read More Here
Zambia Advances Mining Reforms to Boost Copper Production to 3 Million Metric Tonnes by 2031 5 Mining in Zambia Copper Economy 

Zambia Advances Mining Reforms to Boost Copper Production to 3 Million Metric Tonnes by 2031

Constance
Zambia is advancing two mining reform bills aimed at transforming its mining sector and quadrupling copper production from the current 800,000 metric tonnes to 3 million metric tonnes annually by 2031. The Mining Regulations Commission Bill and the Geological and Minerals Development Bill will replace the Mines and Minerals Development Act of 2015, pending parliamentary approval and presidential assent following a multi-stakeholder consultation process. Chaanza Chifwepa, Principal Exploration Geologist at the Ministry of Mines and Minerals Development, explained during The Mining Show in Dubai that the reforms are designed to… Read More Here
Rio Tinto Cuts Jobs at West Angelas Mine Amid Green Iron Concerns 6 International Corporate News 

Rio Tinto Cuts Jobs at West Angelas Mine Amid Green Iron Concerns

Constance
Australian mining giant Rio Tinto has laid off a group of workers at its West Angelas iron ore mine near Newman, in Western Australia’s Pilbara region, and scaled back proposed developments at two nearby sites. Approximately 40 production staff were let go after arriving for their shifts this week, according to The West Australian. Rio Tinto confirmed the job losses but did not disclose the exact number. A spokesperson explained that the company regularly assesses its workforce to ensure it aligns with ongoing operational needs. Despite its profitability from iron… Read More Here
Biden’s First Visit to Angola to Strengthen U.S. Ties with Sub-Saharan Africa 7 International Governance 

Biden’s First Visit to Angola to Strengthen U.S. Ties with Sub-Saharan Africa

Constance
Outgoing U.S. President Joe Biden is making a historic visit to Angola, fulfilling a pledge to strengthen U.S. ties with sub-Saharan Africa as competition with China intensifies. Biden, the first U.S. president to visit Angola since its independence in 1975, will spend three days in Luanda, from Monday to Wednesday, discussing economic, political, and cultural partnerships. The visit honors a promise Biden made in 2022 to engage more closely with Africa. Originally scheduled for October, the trip was delayed due to Hurricane Milton’s landfall in Florida. Despite his “lame-duck” status,… Read More Here
Northern Star Resources Acquires De Grey Mining in $3.2 Billion Australian Gold Sector Deal 8 International Gold 

Northern Star Resources Acquires De Grey Mining in $3.2 Billion Australian Gold Sector Deal

Constance
Two of Australia’s largest gold miners have struck a groundbreaking AU$5 billion ($3.2 billion) takeover agreement as the gold sector experiences a surge in consolidation driven by record-high commodity prices. Northern Star Resources, operator of the iconic Super Pit gold mine in Western Australia, announced the acquisition of De Grey Mining in an all-share deal. The transaction represents a 37% premium to De Grey’s share price, with its shareholders set to hold a 20% stake in the combined entity. This acquisition marks another significant milestone in global gold sector consolidation.… Read More Here
World Bank Announces $300 Million Project for the Lobito Corridor 9 Transport and Logistics Angola Mining in DRC Mining in Zambia 

World Bank Announces $300 Million Project for the Lobito Corridor

Constance
The World Bank is preparing a $300 million project for the Lobito Corridor, according to Victoria Kwakwa, the institution’s Vice President for Eastern and Southern Africa. She emphasized that participating countries must create favorable conditions for foreign investment. “The three countries involved must also focus on improving connectivity. Each must establish conditions to boost trade, address regulatory barriers, and develop infrastructure that enhances regional connectivity. This will enable the region to become a hub of commerce and development,” Kwakwa stated, as reported by Lusa. Highlighting the strategic importance of the… Read More Here
MMG Kinsevere Signs Social Responsibility Agreement with Local Communities Near Sokoroshi 2 Mine 10 Mining in DRC Corporate social responsibility 

MMG Kinsevere Signs Social Responsibility Agreement with Local Communities Near Sokoroshi 2 Mine

Constance
On Friday, November 29, 2024, MMG Kinsevere signed a new agreement with five local communities impacted by the Sokoroshi 2 mine, located in the Bukanda sector of the Kipushi territory in Haut-Katanga, DRC. The signing took place at the multipurpose hall in Bukanda, a facility built with mining royalty funds, in the presence of various officials. Lucien Lumano, the Provincial Minister of Mines for Haut-Katanga, supervised the event and expressed his satisfaction, encouraging local communities to support MMG Kinsevere in the successful implementation of the project. “The provincial government is… Read More Here

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