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Troubled Peru copper mine starts expansion work in supply boost 1 International Copper 

Troubled Peru copper mine starts expansion work in supply boost

Constance
China’s MMG Ltd. is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global market. Las Bambas has for years operated well below its annual capacity of 400,000 tons due to a torrent of community protests that have disrupted mining and set back an expansion. That level could be reached in 2025, according to Troy Hey, an executive general manager at MMG. “I would say that going… Read More Here
Family of American caught up in DRC failed coup say their son went to Africa on vacation 2 Mining in DRC Governance Regional conflict 

Family of American caught up in DRC failed coup say their son went to Africa on vacation

Constance
The family of an American caught up in a failed coup attempt in Congo said their son was in Africa on vacation with family friends and had not previously engaged in political activism, according to a statement provided to The Associated Press. Tyler Thompson, 21, was one of at least three Americans who were named by the Congolese army as being part of a failed effort to overthrow the government in Kinshasa in the early hours Sunday under eccentric, self-exiled leader Christian Malanga. The two other Americans allegedly involved were… Read More Here
ERB Commends CEC for Advancing Solar Energy Infrastructure in Zambia 3 Mining in Zambia Energy Green Energy 

ERB Commends CEC for Advancing Solar Energy Infrastructure in Zambia

Constance
The Energy Regulation Board (ERB) has lauded the Copperbelt Energy Corporation (CEC) for its efforts in expanding solar energy infrastructure, which is expected to significantly enhance Zambia’s power supply. During a media tour of the 60-megawatt solar PV plant in the Itimpi area of Kitwe district, Ezra Siamasuma, Acting Copperbelt Senior Manager for ERB, praised CEC’s initiatives. He highlighted the efficiency and resilience of solar plants, particularly in light of climate change. “This type of power plant, being greener, contributes to a more diverse energy sector that is resilient in… Read More Here
Epiroc to acquire French manufacturer of excavator attachments 4 International Mergers & Acquisitions Mining Equipment 

Epiroc to acquire French manufacturer of excavator attachments

Constance
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has agreed to acquire ACB+, a manufacturer of attachments and related couplers used by the construction industry.   ACB+ is based in Saint Lager, France, and has several production facilities in the country. It manufactures attachments and quick couplers used on excavators for construction as well as related areas such as scrap recycling and deconstruction. Quick couplers are used with carriers, typically excavators, to enable safe and efficient change of attachments, such as buckets and hydraulic tools. … Read More Here
Tender opens for feasibility study on floating solar in Zambia 5 Mining in Zambia Contracts & tenders Energy 

Tender opens for feasibility study on floating solar in Zambia

Constance
The African Development Bank is seeking expressions of interest from consultants to carry out a feasibility study for a floating solar project at a dam in southern Zambia. The deadline for applications is June 15. The African Development Bank has opened a tender inviting consulting firms to express interest in providing consultancy services for a floating solar project at the Kariba Dam, a hydroelectric power plant in Zambia. The dam is located at the Lake Kariba reservoir on the Zambia-Zimbabwe border. The chosen consultant will be tasked with feasibility studies… Read More Here
KCM Meets Creditors to Discuss Debt Settlement Plan 6 Mining in Zambia Copper 

KCM Meets Creditors to Discuss Debt Settlement Plan

Constance
Konkola Copper Mines (KCM), through the Provisional Liquidator, held a meeting with its creditors in Lusaka yesterday to consider a scheme of arrangement for settling the debt owed to them. This followed an ex parte order granted to KCM by the Lusaka High Court to convene a meeting of creditors to discuss the scheme of arrangement. During the event, Provisional Liquidator Celine Meena Nair explained that the meeting was for class 1 scheme creditors, with a class 2 creditors meeting scheduled for May 30, 2024. Ms. Nair stated that the… Read More Here
Zambian Govt to Implement Measures to Tackle Power Crisis 7 Mining in Zambia Electricity Hydro power plant 

Zambian Govt to Implement Measures to Tackle Power Crisis

Constance
The Zambian government is introducing several interventions to address the current power crisis, according to Energy Minister Peter Kapala. These measures include the importation of diesel-powered generators and the expansion of Maamba Collieries. Minister Kapala expressed concern over the ongoing load shedding, which has been caused by reduced water levels at hydroelectric power stations. He made these remarks during a tour of the Kafue Gorge and Kariba North Power Stations alongside Water and Sanitation Minister Mike Mposha. Kapala announced that the increased load shedding schedule will be reviewed in October… Read More Here
EIZ to Conduct Technical Audits for Lusaka-Ndola Road Upgrade 8 Mining in Zambia Infrastructural Development 

EIZ to Conduct Technical Audits for Lusaka-Ndola Road Upgrade

Constance
The Engineering Institution of Zambia (EIZ) has announced plans to conduct technical audits of the upgrade of the Lusaka-Ndola Road into a dual carriageway. EIZ President Wesley Kaluba stated that this initiative aims to ensure that quality work is carried out on the road. Mr. Kaluba emphasized the importance of all engineers involved in the project being accredited by the institution. This accreditation will facilitate monitoring and enable disciplinary action against anyone found erring during the project. Speaking to ZNBC News in Lusaka, Mr. Kaluba highlighted the Institution’s commitment to… Read More Here
Zambia Ranks as Africa's Third Best Mining Investment Destination 9 Copper Economy Mining in Zambia 

Zambia Ranks as Africa’s Third Best Mining Investment Destination

Constance
Zambia has been ranked the third best mining investment destination in Africa, according to the latest Fraser Institute Annual Survey of Global Mining Investors. This marks a significant improvement, as the country has moved up from 12th to third position. The 2023 report surveyed investors’ opinions on 86 mining jurisdictions worldwide. The Zambia Chamber of Mines expressed satisfaction with the country’s progress in becoming more competitive for mining investment. Chamber President Godwin Beene highlighted the importance of the next step: reforming the overall mining regulatory framework to align with global… Read More Here
Gas Shortage Forces Rio Tinto to Declare Force Majeure on Queensland Alumina Cargoes 10 International 

Gas Shortage Forces Rio Tinto to Declare Force Majeure on Queensland Alumina Cargoes

Constance
Rio Tinto Group has declared force majeure on alumina shipments from its refineries in Queensland, Australia, due to a gas shortage impacting its operations, according to sources familiar with the situation. The company notified clients on Monday, the sources said, requesting anonymity due to the private nature of the information. Rio Tinto produces alumina, the raw material for aluminum, at its Yarwun refinery and at Queensland Alumina, a joint venture with Russia’s United Co. Rusal International. The refineries have struggled to maintain operations because of a regional gas shortage. In… Read More Here

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