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Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August 1 Mining in DRC Copper 

Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete has announced that the Phase 1, 2 and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a combined monthly production record of 40,347 tonnes of copper in concentrate and a combined monthly milling record of 1.1 million tonnes during August. On August 31, the Phase 1, 2 and 3 concentrators produced a combined daily production record of 2,096 tonnes of copper. This included 1,760 tonnes of copper from… Read More Here
Vedanta Approves $932M Dividend Amid Efforts to Strengthen Financial Position 2 International 

Vedanta Approves $932M Dividend Amid Efforts to Strengthen Financial Position

Constance
Indian tycoon Anil Agarwal’s Vedanta has approved a third tranche of dividend payouts, continuing its efforts to enhance the financial stability of its debt-laden London-based parent company. The Mumbai-based miner announced a dividend of 78.21 billion rupees ($932 million), bringing its total payout for the fiscal year ending in March to 134.75 billion rupees. Vedanta Resources, weighed down by significant debt from a series of acquisitions, has reduced its obligations by $4.5 billion over the past two years. The company aims to repay an additional $3 billion over the next… Read More Here
DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports 3 Transport and Logistics Angola Mining in DRC Mining in Zambia 

DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports

Constance
The Development Bank of Southern Africa (DBSA) has approved up to $200 million in financing for the Lobito Corridor rail project, a US-backed initiative aimed at transporting critical minerals from Central Africa’s Copperbelt to the Atlantic port in Angola. Mpho Mokwele, DBSA’s Executive for Transacting, emphasized the project’s importance in supporting the global energy transition by facilitating the export of minerals essential for renewable energy technologies. “The Lobito Corridor is set to become the most competitive route for exporting these minerals, offering significant cost and time savings for exporters,” Mokwele… Read More Here
Ghana to Launch First Large-Scale Gold Mine in Over a Decade 4 Gold International 

Ghana to Launch First Large-Scale Gold Mine in Over a Decade

Constance
Ghana, Africa’s leading gold producer, will commission its first large-scale greenfield mine in over a decade this November, with an expected annual production of more than 350,000 ounces. The Cardinal Namdini mine, owned by Cardinal Resources, a subsidiary of Shandong Gold, received its license in 2020. Ghana, also the world’s second-largest cocoa producer, has faced a decline in gold exploration over the past decade, limiting new projects and reducing output from major miners. However, Martin Ayisi, CEO of the Minerals Commission, announced that three additional mines, including a lithium project,… Read More Here
DRC Seeks New Gold Buyers After Taking Control of Primera Gold 5 Mining in DRC Gold 

DRC Seeks New Gold Buyers After Taking Control of Primera Gold

Constance
The Democratic Republic of Congo (DRC) is actively seeking new buyers for gold from its eastern regions after gaining full control of Primera Gold, a company previously involved in an exclusive contract to trade gold from these areas. The UAE-based Primera Group recently sold its stake in Primera Gold, which had been a joint venture with the Congolese government. This move ended a controversial agreement that granted Primera Gold sole rights to buy and sell gold mined by small-scale or artisanal miners in eastern Congo. Joseph Kazibaziba, Director-General of the… Read More Here
Tanzania Offers the Cheapest Electricity in East Africa Despite Limited Access 6 International Electricity 

Tanzania Offers the Cheapest Electricity in East Africa Despite Limited Access

Constance
Tanzania’s power sector, while struggling to provide electricity to the entire country, boasts the lowest electricity prices in East Africa, thanks to government subsidies. Judith Kapinga, Tanzania’s Deputy Minister of Energy, recently disclosed that the country has the cheapest electricity tariffs in the East African region. She attributed this to government subsidies that help reduce costs for consumers, as reported by The Citizen. Speaking before Tanzanian MPs who sought a status update on the Julius Nyerere Hydro Power Project, Kapinga emphasized that these subsidies ensure Tanzanians enjoy the lowest electricity… Read More Here
US sees bipartisan backing for Africa critical minerals plan 7 Mining in DRC Cobalt Copper Transport and Logistics 

US sees bipartisan backing for Africa critical minerals plan

Constance
A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after a change in administration. The flagship of the plan — a railway project known as the Lobito corridor that connects copper and cobalt mines in the Democratic Republic of Congo to an Atlantic port in Angola — is already far advanced, Helaina Matza, acting special coordinator for the Partnership for Global Infrastructure and Investment, told reporters on Wednesday. “In many ways, there’s a… Read More Here
Malawi Poised to Lead in Clean Energy Transition with New Mineral Laboratory 8 International 

Malawi Poised to Lead in Clean Energy Transition with New Mineral Laboratory

Constance
Malawi is on the verge of becoming a major player in the global clean energy transition due to its rich mineral resources, according to the Ministry of Mining. The country’s diverse mineral wealth is poised to drive clean energy production, potentially positioning Malawi as a leader in renewable energy. Andrew Chisamba, Director of Administration at the Ministry of Mining, announced the imminent inauguration of a state-of-the-art mineral laboratory. Currently in its final stages of preparation, the laboratory is set to begin operations next month. It will be instrumental in reducing… Read More Here
BHP moves ahead with expansion of Olympic Dam copper refinery 9 International Copper 

BHP moves ahead with expansion of Olympic Dam copper refinery

Constance
BHP Group is continuing to push ahead with the expansion of its copper smelter and refinery at Olympic Dam in South Australia, as global miners ramp up their efforts around the key metal for greener energy transition. The world’s largest miner on Friday said the government of South Australia has begun an application and assessment process for the expansion, citing a notification in the South Australian Government Gazette. BHP is strengthening its efforts in copper expansion, given the commodity’s extensive role in the global shift towards greener energy and a… Read More Here
Landslide in Ituri Mining Area Claims Three Lives 10 Mining in DRC Mining safety 

Landslide in Ituri Mining Area Claims Three Lives

Constance
On Tuesday, August 27, 2024, a landslide near Mungwalu in Djugu territory, Ituri, resulted in the deaths of three individuals and injuries to five others. The landslide occurred due to the improper installation of explosives in a gold mine. Aitambi Itendeyi, Chief of Village Pluto Kpangba, confirmed the incident and highlighted that he had previously advised gold miners to leave such tasks to professionals to prevent accidents. Despite these warnings, the landslide led to a tragic outcome. This incident follows a similar disaster four months ago in Mbidjo, another mining… Read More Here

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