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CODECO Militiamen Kill Over 40 in Ituri Gold Mining Village 1 Mining in DRC Gold Regional conflict 

CODECO Militiamen Kill Over 40 in Ituri Gold Mining Village

Constance
More than forty people were killed in a double incursion by militiamen from the Cooperative for the Development of Congo (CODECO) from June 20 to 21, 2024, in the village of Bianda, Djugu territory, in the Ituri province. This tragic event was reported by MINES.CD, citing local sources. Dieudonné Lossa, a civil society activist from Ituri, stated that these attacks targeted gold-producing areas, likely for the purpose of exploiting gold. “These attacked areas are where gold mining takes place, and it is possible that it is a strategic move for… Read More Here
President Bassirou Diomaye Faye Celebrates Senegal's First Oil Production 2 International Oil & Gas Petroleum 

President Bassirou Diomaye Faye Celebrates Senegal’s First Oil Production

Constance
President Bassirou Diomaye Faye witnessed the production of Senegal’s first barrels of oil on the Sangomar platform, marking a historic milestone for the country in the global and African oil industries. Addressing the press, President Faye commended the dedication and efforts of those who believed in the potential of Senegal’s sedimentary basin and worked towards its development. He expressed immense pride in the young Senegalese professionals showcasing their expertise on the platform. “I reiterate my commitment and that of the government to the transparent and equitable management of our natural… Read More Here
New Government Formed in Haut-Katanga Province 3 Mining in DRC Governance Mining Personality 

New Government Formed in Haut-Katanga Province

Constance
Haut-Katanga province has established its new government, consisting of ten ministers appointed by Governor Jacques Kyabula Katwe. The appointments were announced on Thursday, June 27, in Lubumbashi. In the new provincial executive, Lucien Lumanu Mukadi has been named the Minister of Mines and Hydrocarbons, succeeding Toto Chansa Ilunga, who was dismissed from the government. Lucien Lumanu Mukadi faces several significant challenges in his new role, including ensuring the rights of communities living in mining areas and combating corruption within the extractive sector. This appointment follows the recent notification of Jacques… Read More Here
Namibia Emerges as a New Frontier for Oil Production in Southern Africa 4 Oil & Gas International Petroleum 

Namibia Emerges as a New Frontier for Oil Production in Southern Africa

Constance
While most oil-producing African nations are located in the Western, Northern, and Central regions of the continent, the Southern and Eastern parts have largely been devoid of this valuable resource. Except for Angola, no Southern African nation has contributed significantly to the global oil market. However, recent discoveries suggest a potential shift, with Namibia poised to become a key player. A report by Reuters revealed that major oil conglomerates have been actively exploring Namibia’s oil potential in recent years. In 2023, the National Petroleum Company of Namibia (NAMCOR) announced the… Read More Here
Russia Seeks Stronger Ties with the Democratic Republic of the Congo 5 Mining in DRC Economy Partnership 

Russia Seeks Stronger Ties with the Democratic Republic of the Congo

Constance
Russia has expressed a strong interest in strengthening its relationship with the Democratic Republic of the Congo (DRC). The Kremlin views the Central African nation as a highly promising partner for developing bilateral relations. This assessment was highlighted following the Congolese President’s visit to Moscow on Tuesday. The President of the DRC is equally enthusiastic about the prospect of collaboration with Russia across various industries. According to a report by the Russian newspaper Sputnik, Russia is keen to enhance its economic ties with the DRC, seeing significant potential for growth… Read More Here
Gécamines Reinforces Corporate Governance and Operational Excellence through Training 6 Mining in DRC 

Gécamines Reinforces Corporate Governance and Operational Excellence through Training

Constance
Générale des Carrières et des Mines (Gécamines), a state-owned mining company, continues to demonstrate its commitment to operational excellence and effective corporate governance. As part of this ongoing effort, Gécamines organized a three-day training session for 229 agents in Lubumbashi, the capital of Haut-Katanga. Following a similar session held in February 2024, the objective of the recent meetings, which took place from June 26 to 28, 2024, at the Pullman Hotel, was to equip agents with essential legal, financial, and organizational knowledge necessary for their roles. “The primary goal of… Read More Here
DRC's Environment Minister Calls for Global Action Linking Environmental Protection and Armed Conflicts 7 Mining in DRC 

DRC’s Environment Minister Calls for Global Action Linking Environmental Protection and Armed Conflicts

Constance
At the Tropical Forest Forum in Oslo, Norway, Minister of State and Minister of the Environment Ève Bazaiba highlighted the severe impact of armed conflicts in eastern DRC, fueled by Rwanda, on the environment. Minister Bazaiba emphasized the urgent need to link environmental protection with the armed conflicts in eastern DRC, particularly those orchestrated by Rwanda. She underscored the devastating effects of these conflicts on nature and the global environment. “We face terrorism, and terrorism has a profound impact. Our national actions have global repercussions. Without the forests of the… Read More Here
Vedanta Resources Nears Reacquisition of KCM Amid Expected Surge in Demand 8 Mining in Zambia Copper 

Vedanta Resources Nears Reacquisition of KCM Amid Expected Surge in Demand

Constance
Vedanta Resources Ltd. is on the verge of reclaiming control of the Konkola Copper Mine in Zambia and plans to rapidly increase output in anticipation of soaring demand in the coming years. Billionaire Anil Agarwal’s firm is prepared to pay $250 million to settle the mine’s debts, enabling access to the asset once more, according to Chris Griffith, head of Vedanta’s base metals unit, in a recent interview in London. Konkola Copper Mines was placed under provisional liquidation in 2019 after the previous government accused its owner of misrepresenting expansion… Read More Here
Chemaf SA Sells Congolese Assets to Norinco Amid Debt Settlement with Trafigura 9 Mining in DRC Battery Metals Cobalt 

Chemaf SA Sells Congolese Assets to Norinco Amid Debt Settlement with Trafigura

Constance
Chemaf SA, a cobalt miner, has agreed to sell its assets in the Democratic Republic of Congo to Chinese miner Norin Mining to settle debts largely funded by its long-time partner, commodities trader Trafigura, the company announced on Thursday. The financial details of the transaction were not disclosed. The new owner, a unit of the Chinese state-backed China North Industries Corp (Norinco), possesses the resources and technical expertise needed to complete the expansion of two cobalt and copper projects in Congo, Chemaf stated. Chinese miners, most of which are state-backed,… Read More Here
BeMetals Announces $7M Private Placement Led by B2Gold 10 Mining in Zambia Copper Gold Press Release 

BeMetals Announces $7M Private Placement Led by B2Gold

Constance
Vancouver, British Columbia – BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced it intends to complete a non-brokered private placement offering of up to 70,000,000 units (the “Units”) at a price of $0.10 per Unit (the “Offering”) for aggregate gross proceeds of up to $7,000,000. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half Share purchase warrant. Each whole Share purchase warrant (a “Warrant”) will entitle the holder thereof to purchase one additional Share at… Read More Here

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