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Epiroc launches breakthrough ET drill strings for more tophammer uptime 1 International Mining Equipment 

Epiroc launches breakthrough ET drill strings for more tophammer uptime

Constance
The release of the new Epiroc ET66, ET45 and ET38 drill strings the company says marks a substantial breakthrough in tophammer drilling efficiency and reliability. Developed over five years, the new Epiroc ET drill string components “have undergone meticulous modelling, lab testing, and field trials. Multiple concepts were subjected to computer simulations and laboratory assessments before the most powerful concepts were chosen for field tests in Sweden and Canada.” The result is the Epiroc ET66, ET45 and ET38 drill strings, representing it says the company’s most significant breakthrough in drill… Read More Here
FQM to invest $3.5 billion in Taca Taca copper project in Argentina 2 International Copper 

FQM to invest $3.5 billion in Taca Taca copper project in Argentina

Constance
First Quantum Minerals has met with Argentina’s government authorities about the start of construction of the $3.5 billion Taca Taca copper project, Rumbo Minero International reported. According to the news outlet, representatives of the Canadian miner met with Argentine officials and announced that they will begin construction of the project, located 230 km west of the city of Salta. The announcement was made during Argentina Mining 2024, an international mining sector event held in the province of Salta. Taca Taca is a copper-gold-molybdenum porphyry deposit with significant potential and is… Read More Here
ARSP DG Advocates Chinese-Congolese Partnerships for Value Chain Growth 3 Mining in DRC Events & Expos 

ARSP DG Advocates Chinese-Congolese Partnerships for Value Chain Growth

Constance
Miguel Katemb Kashal, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), called for a “win-win” partnership between Chinese and Congolese entrepreneurs during the DRC-China Economic Forum in Beijing on September 3, 2024. Addressing an audience that included members of the DRC government, Chinese business leaders, and other participants, Kashal emphasized the Congolese government’s support for this mutually beneficial collaboration. He highlighted the commitment of President Félix Tshisekedi to fostering such partnerships in the subcontracting sector. Kashal praised Chinese companies already partnering with Congolese businesses, noting… Read More Here
Zambia, Tanzania, and China Sign Agreement to Revitalize TAZARA Railway 4 Mining in Zambia Transport and Logistics 

Zambia, Tanzania, and China Sign Agreement to Revitalize TAZARA Railway

Constance
President Hakainde Hichilema has signed a historic agreement with his Tanzanian and Chinese counterparts to revitalize the TAZARA railway, a crucial step in boosting Zambia’s copper exports via Tanzania. This upgrade is expected to increase mining revenue and create jobs throughout the supply chain. The agreement was formalized during the Forum on China-Africa Cooperation in Beijing, marking the most significant upgrade to the railway since its initial construction in the 1970s, a joint effort by Chinese Premier Mao Zedong and Zambia’s founding President Kenneth Kaunda. The TAZARA line connects Zambia’s… Read More Here
ZESCO's Chisamba Solar Project Hits Key Milestones in Zambia's Energy Shift 5 Mining in Zambia Energy Green Energy 

ZESCO’s Chisamba Solar Project Hits Key Milestones in Zambia’s Energy Shift

Constance
ZESCO’s 100-megawatt solar project in Chisamba is making steady progress as part of Zambia’s broader strategy to diversify its energy supply and build a more climate-resilient energy system. Located in Kafungalubala village, within Chief Chaamuka’s area in Chisamba district, the project is a significant step towards reducing Zambia’s reliance on hydroelectric power. As of August 3, 2024, substantial progress has been made on the project. A total of 120 hectares of land has been cleared, fencing has been installed, and the main access road to the plant has been constructed.… Read More Here
ZESCO and POWERCHINA Sign MoUs to Boost Zambia's Solar Energy Capacity 6 Mining in Zambia Energy 

ZESCO and POWERCHINA Sign MoUs to Boost Zambia’s Solar Energy Capacity

Constance
In a major step towards enhancing Zambia’s renewable energy capacity, ZESCO has signed three Memoranda of Understanding (MoUs) with the Power Construction Corporation of China (POWERCHINA) for the development of solar power projects across the country. The agreements, signed during a ceremony attended by President Hakainde Hichilema and POWERCHINA Chairman Ding Yanzhang, include three critical initiatives: 1.A Framework Cooperation Agreement for the supply, delivery, and installation of rooftop solar systems in Zambia. 2.An Engineering, Procurement, and Construction (EPC) agreement for a 100-megawatt solar photovoltaic power plant at Kariba North. 3.An… Read More Here
Zambia Faces Severe Power Deficit Amid Prolonged Drought 7 Mining in Zambia Electricity 

Zambia Faces Severe Power Deficit Amid Prolonged Drought

Constance
Zambia is grappling with a worsening power deficit of 1,510 megawatts (MW), despite an installed capacity of over 3,777 MW. This shortfall has persisted despite efforts to import electricity, as the country’s drought-stricken conditions have severely impacted its hydroelectric generation capacity. As a result, consumers, particularly households, are experiencing only three hours of electricity daily. The country has faced sustained power shortages since March 2024, after an El Niño-induced drought drastically reduced water levels in key reservoirs, including the 66-year-old Kariba Dam, which now holds less than 1.3 meters of… Read More Here
ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion 8 Mining in Zambia Copper Mining tax Zinc 

ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion

Constance
The Zambia Revenue Authority (ZRA) has successfully recovered K1,493,307.52 from Stephane Mining Imports and Exports Limited following the company’s conviction by the Economic and Financial Crimes Court in Kitwe for tax evasion. Between January 1 and March 30, 2024, Stephane Mining Imports and Exports Limited falsified export documents, misrepresenting Zinc Ore as Zinc concentrate to evade taxes. The ZRA intercepted six trucks transporting the misdeclared ore, uncovering the tax evasion scheme. After entering into a plea negotiation, the company has fully paid the evaded taxes and reimbursed K100,000 in prosecution… Read More Here
African Rainbow Minerals pivots to chrome and copper after platinum price slump 9 Copper International 

African Rainbow Minerals pivots to chrome and copper after platinum price slump

Constance
African Rainbow Minerals (ARM) is pursuing chrome and copper opportunities after weaker platinum group metal (PGM) and coal prices drove its annual profit 43% lower, the diversified miner said on Friday. ARM’s headline earnings slumped to 5.08 billion rand ($286.89 million) in the year ended June 30, from a restated 8.98 billion the previous year, mainly due to lower PGM and coal prices. The company’s board has approved the construction of a chrome recovery plant at its Bokoni platinum mine, where the platinum ramp up will be “phased and measured”… Read More Here
Glencore’s Peru boss Soyer to step down after Volcan sale 10 Copper International Mining Personality 

Glencore’s Peru boss Soyer to step down after Volcan sale

Constance
Glencore’s head of Peruvian operations is stepping down from her position, according to two sources with knowledge of the matter. Victoria Soyer Toche, the general manager at Glencore Peru SAC, has resigned, the sources said. Veteran copper concentrates trader Alvaro Ilamas also recently left Glencore’s Lima office, according to same sources. Glencore declined to comment on personal moves. Her departure came after Glencore sold its stake in zinc-lead producer Volcan Compania Minera to Argentine group Integra Capital in May. The commodity giant owns stakes in major Peruvian copper mines such… Read More Here

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