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Tantalex Lithium Resources Corp Announces Production Milestone in DRC's TiTan Plant 1 Mining in DRC Lithium Tin 

Tantalex Lithium Resources Corp Announces Production Milestone in DRC’s TiTan Plant

Constance
Canadian company Tantalex Lithium Resources Corp, led by Eric Allard, has announced that its tin and tantalum plant, TiTan, based in the DRC, has produced its first batch of export-ready tin and tantalum concentrates. A first batch of 10 tonnes of tin concentrates (SnO2) has been fully processed at its Manono mining site. Additionally, 2.5 tonnes of tantalum concentrates (Ta2O5) have also been produced. All of TiTan’s production is sold under an operating agreement with AfriMet Resources Ag, a Swiss company based in Zug, founded by Hadley Natus in 2019,… Read More Here
Federal Court Clears Tech Giants of DRC Cobalt Child Labor Accusations 2 Mining in DRC Battery Metals Cobalt 

Federal Court Clears Tech Giants of DRC Cobalt Child Labor Accusations

Constance
A federal appeals court has dismissed a case accusing major technology companies, including Alphabet, Apple, Dell Technologies, Microsoft, and Tesla, of complicity in child labor practices within cobalt mining operations in the Democratic Republic of the Congo (DRC). Sixteen plaintiffs, representing children allegedly affected by cobalt mining, brought the case to court. The U.S. Court of Appeals for the District of Columbia ruled in favor of the technology companies, stating that their purchasing of cobalt did not constitute direct involvement in the use of child labor, as outlined in federal… Read More Here
Fraudulent Mineral Trafficking Thrives in Eastern DRC: Civil Society 3 Mining in DRC 

Fraudulent Mineral Trafficking Thrives in Eastern DRC: Civil Society

Constance
In a press release received this Friday, March 8, 2024 at DESKECO.COM, the territorial coordination of the Civil Society Forces Fives of Masisi alerts both national and international opinion on the fraudulent trafficking of minerals from the exploitation perimeter (PE) 4731 in the RUBAYA region by RWANDA and company via the M23 label in complicity with certain black sheep (traitors) at the local level.  The press release warns that several tons of strategic minerals, notably coltan… are being evacuated at night from the RUBAYA region to the city of MUSHAKI… Read More Here
ZCCM-IH Shareholders Unanimously Approve the Mopani Copper Mines Transaction 4 Mining in Zambia Copper Press Release 

ZCCM-IH Shareholders Unanimously Approve the Mopani Copper Mines Transaction

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), has agreed to acquire a 51% shareholding in Mopani for a total investment of up to US$1.1 billion. The approval was given at the Shareholder’s Extraordinary General Meeting (EGM) held in Lusaka on 23rd February 2024. ZCCM-IH will retain 49% shares in Mopani, with 3 out of 9 board seats (5 by Delta and 1 by GRZ), and thus continue to participate… Read More Here
Loulo-Gounkoto Delivers Another Value-Creating Performance 5 Press Release Gold International 

Loulo-Gounkoto Delivers Another Value-Creating Performance

Constance
The Loulo-Gounkoto complex in Mali, one of the world’s largest gold producers, has contributed more than $1 billion to the Malian economy over the past 12 months, maintaining its long record as one of the country’s largest and most consistent revenue generators. The complex is on track to meet its production guidance for the current quarter and the year. There have been no lost time injuries or major environmental incidents during the quarter to date. Speaking to media and stakeholders at the mine today, Mark Bristow, president and chief executive… Read More Here
China’s copper smelters to discuss production cut as fees slump 6 International Copper 

China’s copper smelters to discuss production cut as fees slump

Constance
China’s biggest copper smelters are set to meet in Beijing next week to discuss measures to counter a plunge in ore processing fees to the lowest level in years, including potential production cuts. At least 15 smelters were invited to the meeting hosted by the China Nonferrous Metals Industry Association, said people familiar with the matter, who asked not to be identified as they aren’t authorized to speak publicly. The fees that companies receive to turn concentrate into refined metal, so-called treatment charges, have slumped to a record low in… Read More Here
US Calls For Progress On Zambia-Lobito Rail-Line 7 Mining in Zambia Angola Mining in DRC Transport and Logistics 

US Calls For Progress On Zambia-Lobito Rail-Line

Constance1 Comment
United States President JOE BIDEN’s Senior Advisor AMOS HOCHSTEIN has called for an accelerated path towards achieving a bankable concession agreement for the new Zambia-Lobito rail line. Mr. HOCHSTEIN says this must be aligned with host country laws, and coordinate additional investment projects that complement and benefit from the core transportation investment. He says the project will also come along with infrastructure investments in digital access, clean energy and energy supply chains, agribusiness and health. Mr. HOCHSTEIN has also expressed optimism that the construction of Lobito corridor will start in… Read More Here
Mozambique's Mining Export Oversight Strengthened with SGS Contract Approval 8 International 

Mozambique’s Mining Export Oversight Strengthened with SGS Contract Approval

Constance
The contract signed between the Mozambican government and SGS, a company specializing in verifying the specifications, prices, and quantities of the country’s mining export products, at the end of last year has now been approved by the Administrative Tribunal (TA). SGS, renowned for its expertise in inspection, verification, testing, and certification of mining exports, is now poised to commence operations as contracted through international public tender. Having already established a presence in the Mozambican market through its work with the Single Electronic Window (JUE), operated by the Mozambican Tax Authority… Read More Here
Panama asks FQM to suspend visitor program at disputed copper mine 9 International Copper 

Panama asks FQM to suspend visitor program at disputed copper mine

Constance
Panama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government before starting the community relations initiative. The Canadian miner announced the program to help the Panamanian society to get a first-hand experience of what was happening at the site of the copper mine, according to a post from the company’s Panama unit on social media platform X. “The ministry informed them (First Quantum) that these type of decisions,… Read More Here
FQM’s Panama mine closure to cost around $800m, minister says 10 Copper International 

FQM’s Panama mine closure to cost around $800m, minister says

Constance
The cost of the closure of Canadian miner First Quantum’s copper mine in Panama is estimated at around $800 million, Trade and Industry Minister Jorge Rivera said on Wednesday. An inter-ministry coalition, which is developing the mine’s closure plan, is working on alternative measures to recoup funds so that the cost does not come out of the state’s coffers, Rivera told journalists. Panama’s government ordered the shutdown in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the… Read More Here

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