You are here

Written by 

CADM Workshop in Kinshasa Advocates for Sustainable Mineral Governance 1 Mining in DRC 

CADM Workshop in Kinshasa Advocates for Sustainable Mineral Governance

Constance
Kinshasa, the capital of the Democratic Republic of Congo (DRC), hosted an awareness workshop on the governance of sustainable mineral resource management on Friday, March 22, 2024, initiated by the African Mining Development Center (CADM). Dr. Marit Kitaw, Acting Director of CADM, underscored the center’s mission to advocate for transparency, equity, and optimal development of mineral resources in Africa. She emphasized the shift towards a mineral-driven development model that prioritizes sustainable growth and socio-economic development, moving away from a revenue-first extractive approach. Dr. Kitaw urged the DRC and Gabon to… Read More Here
DRC Achieves 23% Rating for Mineral Resource Governance (Study) 2 Mining in DRC 

DRC Achieves 23% Rating for Mineral Resource Governance (Study)

Constance
The Democratic Republic of Congo (DRC) received a provisional rating of 23% in alignment with the African mining vision, as revealed during an awareness seminar on sustainable mineral resource management in the Central African States (ECCAS) held on March 22, 2024. These findings stem from an evaluation study conducted on the governance of mineral resources in the DRC. The study assessed various aspects, including the legal framework, geological information systems, taxation and income management, linkages, investments and diversification, artisanal small-scale mining, and environmental and social issues, based on criteria established… Read More Here
DRC Surpasses Peru as Second-Largest Copper Producer 3 Mining in DRC Copper Mining in Zambia 

DRC Surpasses Peru as Second-Largest Copper Producer

Constance
The Democratic Republic of Congo (DRC) has achieved a significant milestone by surpassing Peru as the world’s second-largest copper producer. Previously, Peru held this position, trailing behind Chile, one of the leading copper producers globally. The DRC, renowned for its abundant mineral resources, particularly copper, has seen a notable rise in its copper production. Initial estimates from Statista projected Chile to produce 5.3 million metric tons of copper in 2023, with Peru following closely at 2.6 million metric tons and the DRC at 2.5 million metric tons. However, recent reports… Read More Here
MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana 4 International Copper Mergers & Acquisitions 

MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana

Constance
MMG Limited, a Hong Kong-listed base metals miner, has finalized the acquisition of the Khoemacau Copper Mine, a cutting-edge copper asset located in northwestern Botswana. The completion of the acquisition was announced today, March 22, 2024, marking a significant milestone for MMG Limited. The acquisition adds a high-quality growth project to MMG’s portfolio, signifying a transformative move for the company. As part of the acquisition, MMG paid an Aggregate Consideration of approximately US$1,734,657,000 (over P23 billion) to the sellers, with possible adjustments post-Completion. Additionally, MMG advanced approximately US$348,580,000 (over P4.5… Read More Here
Human rights court orders Peru to pay damages to mining town 5 International 

Human rights court orders Peru to pay damages to mining town

Constance
The Inter-American Court of Human Rights on Friday ordered Peru to pay damages to residents of an Andean town for violations of their right to a healthy environment from years of air, water and soil pollution from a nearby mine. The court ruled the state failed to comply with its duty to regulate and supervise La Oroya Metallurgical Complex, which was active for nearly a century before debts and environmental regulations forced it to close in 2009. The court said it corroborated that exposure to lead, cadmium, arsenic and sulfur… Read More Here
TFM launches asphalting work on 2.3 km of the Tenke road 6 Mining in DRC Corporate social responsibility 

TFM launches asphalting work on 2.3 km of the Tenke road

Constance
TFM, in alignment with its social responsibility initiatives, has diligently worked since its establishment in the region to provide essential services to its neighboring community. Through the Dotation-TFM, formerly known as the Community Social Fund, significant efforts have been made to bolster infrastructure in the Tenke agglomeration. Notably, 2.3 kilometers of asphalt road are slated for construction, augmenting the existing 5-kilometer stretch already delivered through the TFM Community Social Fund. The road slated for rehabilitation serves as the main artery of Tenke town, facilitating connectivity to national road no. 39,… Read More Here
Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival 7 Mining in Zambia Copper 

Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival

Constance
The National Ex-Miners and Allied Workers Association of Zambia have lauded President Hakainde Hichilema and his government for their role in unlocking Mopani Copper Mines. Lucky Zulu, Acting President of the Association, described the development at Mopani as a source of relief, bringing fresh air and hope to former miners. He emphasized the Association’s intention to communicate with Mopani management and the government, urging them to prioritize the reinstatement of ex-miners in light of the $1.1 billion investment into the mines by International Resources Holdings. Zulu expressed these sentiments in… Read More Here
Glencore Announces Board Changes with Retirement of Peter Coates 8 Mining Personality International 

Glencore Announces Board Changes with Retirement of Peter Coates

Constance
Global mining giant Glencore has disclosed the retirement of board member Peter Coates, effective May 29, marking the conclusion of his esteemed 30-year tenure with the company. Coates, who assumed his position on the Glencore board in 2011, notably served as the chairperson of the health and safety committee during his tenure. To fill the vacancy left by Coates, the company has appointed John Wallington as an independent non-executive director, effective June 1. Wallington brings over four decades of extensive experience in the mining sectors of South Africa, Australia, Colombia,… Read More Here
Sibanye-Stillwater Successfully Concludes Acquisition of Reldan Group 9 International Mergers & Acquisitions 

Sibanye-Stillwater Successfully Concludes Acquisition of Reldan Group

Constance
Sibanye-Stillwater has completed the acquisition of the Reldan Group of Companies, finalizing the transaction with a cash purchase consideration of $155.9 million. The purchase agreement between Sibanye and Reldan was initiated in November 2023 and has now been successfully executed. Funding for the acquisition was sourced from the proceeds of a $500 million senior unsecured guaranteed convertible bond, which was completed in November 2023, carrying an annual coupon rate of 4.25%. The acquisition of Reldan marks a strategic move for Sibanye, enhancing its presence in the circular economy and complementing… Read More Here
West African Resources Advances Mining Projects in Burkina Faso 10 International Gold 

West African Resources Advances Mining Projects in Burkina Faso

Constance
The Burkina Faso Council of Ministers has endorsed the draft decree for the issuance of a mining permit to ASX-listed West African Resources for the Toega gold deposit. As per the Mining Code of Burkina Faso, the license will be granted to a local company, 90%-owned by West African Resources and 10%-owned by the State, spanning an initial eight-year period. This approval marks a significant milestone for the commencement of mining operations at the Toega open-pit gold deposit, following the acquisition of Toega’s environmental permit in 2023. With gold resources… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.