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Félix Tshisekedi Enhances Bilateral Relations during Qatar Visit 1 Mining in DRC Governance 

Félix Tshisekedi Enhances Bilateral Relations during Qatar Visit

Constance
Félix Tshisekedi embarked on a two-day working visit to Doha, Qatar, on Monday, aimed at bolstering bilateral relations between Qatar and the Democratic Republic of Congo (DRC) across various areas of mutual interest. Upon arrival, the Congolese president received a warm welcome from Dr. Ahmad bin Hassen Al Hammadi, Secretary General of the Qatari Ministry of Foreign Affairs, and Valerie Lusamba Kabeya, Ambassador of the DRC to Qatar. During the first day of his mission, President Tshisekedi visited the DRC embassy in Doha, where he engaged with the diplomatic staff… Read More Here
KoBold Metals Expedites High-Grade Copper Mine in Zambia 2 Mining in Zambia Copper New Mining Projects 

KoBold Metals Expedites High-Grade Copper Mine in Zambia

Constance
KoBold Metals, a California-based metals exploration company with backing from billionaires Bill Gates and Jeff Bezos, is considering partnerships as it aims to expedite the development of a new copper mine in Zambia, with an estimated cost of around $2 billion. The Silicon Valley start-up, renowned for its use of artificial intelligence in prospecting for copper, cobalt, nickel, and lithium, is also contemplating a potential public listing of its shares within the next three to four years, according to Josh Goldman, its co-founder and president, as reported by Reuters. Initially… Read More Here
FQM Supports Zambia's Export Tracking Framework 3 Mining in Zambia Copper Economy Mining tax Press Release 

FQM Supports Zambia’s Export Tracking Framework

Constance
 Zambia’s largest taxpayer First Quantum Minerals (FQM), has pledged its support for the Bank of Zambia’s Export Proceeds Tracking Framework directives, which aim to ensure revenue from exports of goods and services, and the use of these funds, can be tracked through local Zambian bank accounts.  The directives, which came into effect on January 1 this year, require exporters to match export records to funds flowing through Zambian bank accounts in order to give the Bank of Zambia greater visibility of both the source of the funds received and the… Read More Here
FQM Seeks Minority Stake Sale in Zambian Copper Operations 4 Mining in Zambia Copper 

FQM Seeks Minority Stake Sale in Zambian Copper Operations

Constance
First Quantum Minerals Limited is currently attracting interest from various parties interested in acquiring a minority stake in its Zambian copper operations, as the Canadian mining company endeavors to strengthen its balance sheet. Discussions regarding the sale of a minority stake in the Zambian business are underway, as the company faces pressure to bolster its financial position and generate cash following the closure of its flagship copper mine in Panama. This information was reported by Bloomberg News. Robert Harding, Chairman of First Quantum, indicated that the company is specifically seeking… Read More Here
FQM touts interest in its Zambia copper operations 5 Mining in Zambia Copper 

FQM touts interest in its Zambia copper operations

Constance
First Quantum Minerals Ltd. has attracted interest from multiple parties wanting to buy a minority stake in its Zambian copper operations, as the Canadian miner continues efforts to shore up its balance sheet. First Quantum has signed non-disclosure agreements with several groups interested in the African mines, and expects to soon provide access to a data room for due diligence, said First Quantum Chairman Robert Harding. He didn’t specify details about the parties or a timeline for signing a potential deal. Talks to sell a minority stake in the Zambian… Read More Here
Zambia Develops Plans to Address Electricity Needs Amid Drought Threat to Hydropower 6 Mining in Zambia Electricity Energy 

Zambia Develops Plans to Address Electricity Needs Amid Drought Threat to Hydropower

Constance
Zambia has developed strategies to import and manage electricity as a severe drought threatens to impact hydropower generation, the nation’s primary power source, as reported by Reuters. The ongoing dry spell, declared a national disaster, is anticipated to negatively affect food production and could have repercussions on the mining sector, a vital component of Zambia’s economy as the second-largest copper producer in Africa. President Hichilema highlighted that the energy sector is projected to face a deficit of nearly 450 to over 500 megawatts this year due to the prolonged dry… Read More Here
Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production 7 Mining in Zambia Battery Metals Nickel 

Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production

Constance
Enterprise Mine, a nickel-producing operation managed by Trident Limited in Kalumbila District, Zambia’s North Western Province, is targeting a production of approximately 20,000 tonnes of nickel this year. According to Junior Keyser, Outgoing General Manager of Trident Limited, the mine is fully operational and currently employs around 750 contractors and 250 direct employees. Keyser notes that the enterprise is currently generating about 1,000 tonnes of final product nickel per month as production continues to increase at its plant. He emphasizes the mine’s intention to capitalize on the high demand for… Read More Here
Zambian Govt to Monitor Contractor Conditions at Mopani Copper Mines 8 Mining in Zambia Copper 

Zambian Govt to Monitor Contractor Conditions at Mopani Copper Mines

Constance
In response to the acquisition of Mopani Copper Mines by Abu Dhabi’s International Resources Holdings, the government has announced plans to closely monitor the working conditions of contractors. Minister of Mines, Paul Kabuswe, asserts that this oversight aims to uphold fair wages and decent standards of work. During an appearance on Radio Mafken’s express chit-chat programme, Minister Kabuswe emphasized the government’s commitment to ensuring that the transition of Mopani to a new investor benefits all workers, including contractors and suppliers. Highlighting the significance of the issue, Minister Kabuswe disclosed plans… Read More Here
Angola Mediates Congolese-Rwandan Talks to Address Eastern Congo Crisis 9 Mining in DRC Governance 

Angola Mediates Congolese-Rwandan Talks to Address Eastern Congo Crisis

Constance
Angolan President Joao Lourenço, acting as a mediator appointed by the African Union, welcomed his Congolese counterpart, President Antoine Félix Tshisekedi Tshilombo, in Luanda last week to discuss the prevailing situation in eastern Democratic Republic of Congo (DRC). The key outcome of the meeting was President Tshisekedi’s acceptance of the principle of a meeting with President Paul Kagame of Rwanda, according to Foreign Relations Minister Tete António. “The Republic of Angola, in its role as mediator, bears the responsibility of facilitating the necessary steps to materialize this meeting,” Minister António… Read More Here
Glencore banks on Anuri mine to extend life of Raglan nickel-copper project 10 International Battery Metals Copper Nickel 

Glencore banks on Anuri mine to extend life of Raglan nickel-copper project

Constance
Glencore (LSE: GLEN) has inaugurated the Anuri mine, which will lengthen the Raglan nickel-copper project’s life for at least 20 years. The company says this is undertaking highlights its ongoing commitment to the local communities in which it operates. The Raglan mine, located in northern Quebec, began operations in 1997. It was the first mining project to sign an impact and benefits agreement with the local Indigenous bands. The mine’s name Anuri, which means “wind” in Inuktitut, was chosen by a committee of Raglan employees. The mine is part of… Read More Here

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