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Governor's Decision to Resume Tin Mining in North Kivu Sparks Controversy and Criticism 1 Mining in DRC Tin 

Governor’s Decision to Resume Tin Mining in North Kivu Sparks Controversy and Criticism

Constance
The decision by North Kivu Governor Jean-Jacques Perusi to authorize the resumption of tin mining activities has sparked significant controversy. National Deputy Trésor Lutala has strongly criticized the move. In a letter to the Governor, Trésor Lutala expressed deep concerns about the potential impact of this decision on local communities. He highlighted that the specifications meant to safeguard the interests of local populations and ensure responsible mining practices have not yet been signed by the involved companies. Lutala questioned the legality of lifting the suspension and worried that local populations… Read More Here
DRC's Minister of Mines Tours Key Provinces to Reinforce Mining Sector Reforms 2 Mining in DRC 

DRC’s Minister of Mines Tours Key Provinces to Reinforce Mining Sector Reforms

Constance
Minister of Mines Kizito Pakabomba recently embarked on a tour of several provinces in the Democratic Republic of Congo (DRC) to assess the progress and challenges within the mining sector. This initiative aligns with President Félix Tshisekedi’s vision of transforming the mining industry into a catalyst for economic diversification and wealth creation. After visiting Haut-Uélé and North Kivu, Minister Pakabomba commenced his second official mission on Thursday, August 15, 2024, focusing on the mining-rich provinces of Haut-Katanga and Lualaba. During his week-long tour, the Minister aimed to gain firsthand insight… Read More Here
Haut-Uele Governor Cracks Down on Irregular Mining Operations Backed by Chinese Expatriates 3 Mining in DRC 

Haut-Uele Governor Cracks Down on Irregular Mining Operations Backed by Chinese Expatriates

Constance
The provincial government of Haut-Uele has responded to numerous complaints from local communities regarding unregulated, large-scale semi-industrial mining activities conducted by cooperatives, many of which are supported by Chinese expatriates. During a face-to-face meeting with local journalists on Sunday, Governor Jean Bakomito Gambu, who recently returned from a two-week mission in the gold-rich Watsa territory, announced plans to address these concerns. Governor Bakomito emphasized that this initiative is the first step in a series of stringent measures his administration intends to implement to restore order in the mining sector and… Read More Here
AFREWATCH Criticizes Delayed Payments to Local Communities by Mining Companies in DRC 4 Mining in DRC 

AFREWATCH Criticizes Delayed Payments to Local Communities by Mining Companies in DRC

Constance
The NGO African Resources Watch (AFREWATCH) has raised concerns over the delayed payments by several mining companies in the Democratic Republic of Congo (DRC) toward the mandated 0.3% of their turnover, intended to benefit local communities most affected by mining activities. Jean-Pierre Lwamba, responsible for local community rights at AFREWATCH, highlighted in an interview with ACTUALITÉ.CD that the delays are primarily due to the late establishment of specialized organizations and the development of procedural manuals. Despite the necessary frameworks being established since 2021 and 2022, mining companies have yet to… Read More Here
ASADHO Accuses DRC’s National Electricity Company of Embezzling Over $938 Million 5 Mining in DRC Electricity 

ASADHO Accuses DRC’s National Electricity Company of Embezzling Over $938 Million

Constance
The African Association for the Defense of Human Rights (ASADHO) has accused the National Electricity Company (SNEL) of embezzling more than $938.7 million, including over $114.9 million in unpaid duties and taxes and $823.8 million in fines. In a press release issued on August 12, ASADHO stated that this amount is owed to the General Directorate of Customs and Excise (DGDA) in connection with the importation of electrical energy for mining companies operating in the Lualaba and Haut-Katanga provinces. The alleged misappropriation spans a period of 10 years, from 2014… Read More Here
XCMG signs landmark mining equipment deal with Rio Tinto for Simandou 6 International Mining Equipment 

XCMG signs landmark mining equipment deal with Rio Tinto for Simandou

Constance
On August 12, Chinese mining equipment major XCMG and mining giant Rio Tinto signed a global cooperation framework agreement in Conakry, the capital of Guinea. At the same time, XCMG and SimFer Company, a joint venture between Rio Tinto and Chinalco Group, signed a statement of work for the Simandou mining project. This marks a significant step forward in developing the world’s largest untapped iron ore deposit. In 2014, XCMG and Rio Tinto established a cooperation related to XCMG’s hydraulic cylinder products. The 400 t excavator hydraulic cylinder provided by… Read More Here
Namibia Approves Sale of Dundee Precious Metals’ Tsumeb Smelter to Sinomine Resource Group 7 International 

Namibia Approves Sale of Dundee Precious Metals’ Tsumeb Smelter to Sinomine Resource Group

Constance
The Namibia Competition Commission has approved the sale of Dundee Precious Metals’ interest in the Tsumeb smelter to China’s Sinomine Resource Group. Dundee Precious Metals (DPM) signed an agreement in March 2024 to sell its shares in Dundee Precious Metals Tsumeb Holding to Sinomine Resources Group for $49 million. The Tsumeb smelter is operated by Dundee Precious Metals Tsumeb Holding. In a statement released on Friday, DPM confirmed that the sale is on track to close in the third quarter of 2024. However, the closure is contingent upon finalizing documentation… Read More Here
Wave of Chinese copper fills warehouses abroad as demand weakens 8 Copper International 

Wave of Chinese copper fills warehouses abroad as demand weakens

Constance
Copper and nickel made in China flooded overseas into warehouses tracked by the London Metal Exchange last month, as tepid domestic demand triggers a wave of exports that has weighed on global prices. China, the largest metals market, is typically a significant net copper importer, but weak local conditions have reversed global trade flows in recent months, weighing on prices. Chinese-origin copper made up 72% of the increase in exchange-monitored inventories in July, and accounted for 53% of the total at the end of the month, up from 45% in… Read More Here
President Hichilema Launches $600 Million Sinomine Kitumba Mining Project in Mumbwa 9 Mining in Zambia Copper New Mining Projects 

President Hichilema Launches $600 Million Sinomine Kitumba Mining Project in Mumbwa

Constance
President Hakainde Hichilema has officially launched the $600 million Sinomine Kitumba mining project in Mumbwa District, Central Province, marking a significant step in revitalizing Zambia’s mining industry and boosting economic growth. During the groundbreaking ceremony, President Hichilema highlighted the project’s crucial role in copper cathode production, supported by the development of a 50-megawatt solar power plant that will be integrated into Zambia’s national grid. The project is expected to create over 2,500 direct and indirect jobs, providing substantial employment opportunities across various sectors. “This investment will have a transformative impact… Read More Here
Train Derailment on Angola’s Lobito Corridor Disrupts Copper and Sulfur Transport 10 Transport and Logistics Copper 

Train Derailment on Angola’s Lobito Corridor Disrupts Copper and Sulfur Transport

Constance
A train derailment on Angola’s Lobito Corridor has disrupted the transportation of key commodities, including copper concentrates, the railway operator reported on Today. The Lobito Corridor is a crucial trade route connecting the mineral-rich Democratic Republic of Congo (DRC) with Angola’s Lobito port on the Atlantic Ocean. This corridor holds strategic importance for the United States and the European Union, both of which are seeking greater access to the minerals essential for the global shift to cleaner energy technologies. The derailment occurred on Thursday between the Cavimbe and Cangumbe stations… Read More Here

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