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Sibanye-Stillwater targets $500m in gold streaming deals 1 International Gold 

Sibanye-Stillwater targets $500m in gold streaming deals

Constance
SIBANYE-Stillwater aimed to conclude a portion of an estimated $500m to $1bn in potential streaming or metals prepayment deals before it announced its half year results in August, said the group’s CEO Neal Froneman. “We don’t get any credit for our gold by-product from platinum group metals (PGMs) and it’s a good time to be negotiating because the gold price isn’t done yet,” said Froneman on the sidelines of the PGM Day conference in Johannesburg. “The beauty of selling by-product credits is that it’s not described as debt,” he said.… Read More Here
CEC Renewables: Second Annual Report Highlights Achievements and Growth Outlook 2 Mining in Zambia Energy Green Energy 

CEC Renewables: Second Annual Report Highlights Achievements and Growth Outlook

Constance
In a recent update, CEC Renewables has shared its second annual report, covering the period from January 1, 2023, to December 31, 2023. This report showcases a year of remarkable achievements and outlines the company’s strategies for future growth in Zambia’s renewable energy sector. Key highlights from the report include the completion of the RSP project with a capacity of 34 MW, positioning it as one of the largest solar power plants in the country. Additionally, CEC Renewables established a dedicated management team and registered a USD 200 million Green… Read More Here
Copperbelt Energy Corporation PLC Announces Board Resignation and Appointment 3 Mining in Zambia Energy Mining Personality 

Copperbelt Energy Corporation PLC Announces Board Resignation and Appointment

Constance
Copperbelt Energy Corporation PLC (CEC) has made significant changes to its Board of Directors, in line with Section 3.59 of the LuSE Listing Requirements. The company has announced the resignation of Mr. Derek Chime as a director, effective April 2, 2024. Simultaneously, the Board is pleased to announce the appointment of Mr. Auke Lont as a director, also effective April 2, 2024. Mr. Lont brings with him a wealth of experience and expertise in the energy sector, having served as the Chief Executive Officer of Statnett, Norway’s national power transmission… Read More Here
IMF Report: South Africa Emerges as Africa's Leading Economy in 2024 4 International Economy 

IMF Report: South Africa Emerges as Africa’s Leading Economy in 2024

Constance
In a shift of economic dynamics, South Africa is poised to take the lead in Africa’s economy for 2024, according to the latest economic projections from the International Monetary Fund (IMF) as of April 2024. Egypt, which held the top position in 2023, is expected to slip to second place this year, while Nigeria is projected to move from second to fourth position. Algeria is anticipated to ascend to the third spot on the economic podium, primarily fueled by the rise in hydrocarbon prices. The IMF forecasts Nigeria’s gross domestic… Read More Here
Only 44% of African Households Have Reliable Electricity Supply 5 Electricity 

Only 44% of African Households Have Reliable Electricity Supply

Constance
A new report from the Pan-African Afrobarometer Research Network, published on April 11, 2024, sheds light on the state of electricity access across the African continent, revealing significant disparities despite the presence of hydroelectric dams. Based on a survey conducted between 2021 and 2023 with a sample size of 53,444 individuals across 39 African countries, the report titled “The Electricity Gap: Small and Uneven Progress Yet to Reach Many Africans” highlights that only 44% of households enjoy a reliable electricity supply. The survey underscores considerable discrepancies among countries, with reliable… Read More Here
ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine 6 Mining in Zambia Copper Press Release 

ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has issued a statement to address recent misinformation circulating on social media platforms concerning its royalty transactions with Kansanshi Mine. The company unequivocally refutes the claims made in the video/audio content, asserting that they are misleading, inaccurate, and lacking factual basis. First and foremost, ZCCM-IH emphasizes that it is not a shareholder in First Quantum Minerals (FQM) Group. Instead, the company holds an interest in Kansanshi Mine, where FQM is the majority shareholder. It is crucial to understand that the figures presented in the misleading… Read More Here
Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia 7 International Press Release 

Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia

Constance
Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia Initial 76 km2 Typhoon™ Survey on the Umm Ash Shalahib Exploration License Surrounding Ma’aden’s Al Amar Gold-Copper-Zinc Mine is Complete Computational Geosciences Rapidly Processed the Initial Typhoon™ Results and Identified Two High Priority Anomalies for Drill Testing Construction and Delivery of the First of Three New Generation Typhoon™ Units Ordered by the Joint Venture is Complete Next Stage Mapping and Sampling Commencing on Additional Joint Venture Lands in the Al Amar and Wadi… Read More Here
MMG releases 2024 First Quarter Production Report 8 International Press Release Zinc 

MMG releases 2024 First Quarter Production Report

Constance
MMG Limited (MMG, the Company) yesterday 23rd April released its First Quarter Production Report for the three months ended 31 March 2024, producing 67,129 tonnes of copper and 59,247 tonnes of zinc. This follows the completion of the acquisition of the Khoemacau mine for an effective Enterprise Value of US$ 1,875 million, last month. This important acquisition aligns to MMG’s vision of creating a leading international mining company for a low carbon future and will create meaningful long-term value for MMG shareholders. MMG Interim CEO Liangang Li, noted: “Total copper… Read More Here
Shortages key to copper's upward price trajectory to new peaks 9 International Copper 

Shortages key to copper’s upward price trajectory to new peaks

Constance
 Upward momentum that has propelled copper prices to within a whisker of the psychological $10,000 a metric ton mark is expected to be sustained by the appearance of shortages over the coming months. Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition applications such as electric vehicles and new technology such as artificial intelligence and automation. A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to… Read More Here
Japanese Govt Pledges K38 Billion Investment in Zambia's Mining Sector 10 Mining in Zambia Copper Economy 

Japanese Govt Pledges K38 Billion Investment in Zambia’s Mining Sector

Constance
The Japanese Government has committed to invest K38 billion to support Japanese ventures in Zambia’s mining industry, aiming to bolster bilateral cooperation in this crucial sector. During a bilateral meeting held in Tokyo, Japan’s Minister of Economy, Trade and Industry, Saito Ken, expressed the Japanese Business Corporation’s keen interest in investing in Zambia’s mining industry. Vice Minister Taku Ishii further highlighted collaboration efforts between the Japan Organization for Metals and Energy Security (JOGMEC) and the Zambian Government on exploration projects. In response, Zambia’s Minister of Mines and Minerals Development, Paul… Read More Here

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