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Gecamines Spearheads Efforts for Equity and Growth in the DRC's Mining Sector 1 Mining in DRC Battery Metals Cobalt Copper 

Gecamines Spearheads Efforts for Equity and Growth in the DRC’s Mining Sector

Constance
he Democratic Republic of Congo’s (DRC’s) state miner, Gecamines, is embarking on a comprehensive strategy to maximize returns from its copper and cobalt joint ventures. With a focus on renegotiating higher stakes and asserting greater influence in management, Gecamines aims to capitalize on the global demand for minerals crucial to the green energy transition. Gecamines, under the leadership of chairperson Guy Robert Lukama, is advocating for increased representation of local executives on joint venture boards to ensure more effective asset management and decision-making. Lukama emphasizes the need to rectify past… Read More Here
ARSP Director Highlights DRC's Value Chain Development at Indaba Mining 2 Mining in DRC Events & Expos 

ARSP Director Highlights DRC’s Value Chain Development at Indaba Mining

Constance
During the dynamic conference on the second day of the 30th edition of the Indaba Mining forum, Miguel Kashal Katemb, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), showcased the investment potential inherent in the development of the value chain in the Democratic Republic of Congo (DRC) to leaders of multinational companies. Kashal emphasized the imperative implementation of the Law on subcontracting and elaborated on President Félix-Antoine Tshisekedi’s vision for promoting local content to foster the emergence of a robust Congolese middle class. “In… Read More Here
DRC's Main Mining Exports Witnessed Price Decline Last Week 3 Mining in DRC Gold Tin 

DRC’s Main Mining Exports Witnessed Price Decline Last Week

Constance
The average prices of the primary mining export products from the Democratic Republic of Congo exhibited a downward trajectory on the international market last week, from February 12 to 17, 2024, as projected by experts from the Commission Nationale des Mercuriales du Ministry of Foreign Trade. Tin witnessed a slight improvement during the week, trading at 25,805 USD per tonne compared to 25,602 USD per tonne the previous week, marking an increase of 202 USD. Gold also experienced an upward trend, reaching 65.72 USD per gram, up from 65.56 USD… Read More Here
USD 956 million needed for the modernization of the Matadi-Kinshasa railway 4 Mining in DRC Transport and Logistics 

USD 956 million needed for the modernization of the Matadi-Kinshasa railway

Constance
The Matadi-Kinshasa railway modernization project necessitates a budget of $956 million, as revealed by Adel Kayinda, Minister of State and Minister of Portfolio, during the recent Council of Ministers meeting held on February 16, 2024. Kayinda outlined the essential steps required for the successful execution of this transformative railway project in the Democratic Republic of Congo (DRC), emphasizing positive assessments from the Analysis Commission regarding technical, financial, and legal aspects. Four critical conditions were highlighted for the project’s success: 1.Establishment of a project company to oversee the CFMK. 2.Formation of… Read More Here
Three dead as bus carrying B2Gold employees attacked in Mali 5 International Mining safety 

Three dead as bus carrying B2Gold employees attacked in Mali

Constance
B2Gold Corp on Thursday last week said that three of its employees died after sustaining injuries in an attack on an employee transport convoy in Mali. A bus transporting B2Gold employees from the Fekola mine to Bamako was attacked approximately 75 kilometres west of Bamako, the Canadian miner said. Mining and processing activities at the Fekola mine have not been impacted by the incident, B2Gold said, adding that it is working with the Malian government to understand further details of the attack. Initial reports indicate several other employees travelling on… Read More Here
Canada to accelerate critical mineral mining – energy minister 6 International Battery Metals 

Canada to accelerate critical mineral mining – energy minister

Constance
Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, energy minister Jonathan Wilkinson told Reuters on Tuesday. Ottawa is focused on six critical minerals key to making electric vehicles and wind turbines: lithium, graphite, nickel, cobalt, copper, and so-called rare earth elements. Wilkinson said the mining and processing of critical minerals was currently too dominated by China. “(We’re) looking at how do we optimize the regulatory and permanent processes so you can… Read More Here
Ivanhoe's Platreef Project Overcomes Water Scarcity Challenge in South Africa 7 Press Release 

Ivanhoe’s Platreef Project Overcomes Water Scarcity Challenge in South Africa

Constance
Mining operations are known for high water usage, which presents a significant challenge in Africa’s water-scarce regions. Ivanhoe’s Platreef Project in Mokopane, South Africa, has successfully addressed its water supply needs through a creative arrangement with the Mogalakwena Local Municipality (MLM). The Mogalakwena area, which is prone to medium-risk droughts, surrounds the Platreef mine, where Phase 1 operations will require up to 3 million liters of water daily, increasing to 9 million liters following Phase 2 expansion. In 2018, Ivanhoe, through its majority-owned subsidiary Ivanplats, reached a deal with MLM… Read More Here
Barrick Gold CEO Bristow Dismisses Interest in Piecemeal Bids for FQM's Assets 8 International Copper Gold 

Barrick Gold CEO Bristow Dismisses Interest in Piecemeal Bids for FQM’s Assets

Constance
Barrick Gold Corp’s CEO Mark Bristow stated on Wednesday that the company is not interested in fragmented discussions when questioned about bidding for any of First Quantum Minerals Ltd’s assets. Bristow clarified that Barrick Gold did not engage with First Quantum shareholders during any roadshow to assess their support for a potential takeover, refuting a media report from the previous month. “I’m not interested in working on any sort of piecemeal discussion,” Bristow told Reuters in an interview following the company’s quarterly earnings report. First Quantum, facing challenges after an… Read More Here
First Quantum CEO: Panama’s next government cannot ignore mining sector 9 Copper International 

First Quantum CEO: Panama’s next government cannot ignore mining sector

Constance
Two months after protests led the Panamanian government to order the shutdown of First Quantum’s Cobre Panama mine, chief executive Tristan Pascall, sees an opportunity for discussing mining’s contribution to Panama’s economy as the country approaches an election in May. “We see that some of the emotion (from the protests) has really dialled back,” Pascall told the Financial Post. “There’s significant economic challenges emerging in the country and we believe it’s impossible for the next government to ignore the contribution that a responsible mining sector can make.” The mine accounts… Read More Here
Gecamines Proposes Acquisition of ERG's DRC Assets 10 Mining in DRC Cobalt Copper 

Gecamines Proposes Acquisition of ERG’s DRC Assets

Constance
Gecamines, the state miner of Congo, has made a concrete offer to acquire select copper and cobalt assets from Eurasian Resources Group (ERG) in the country. This move aims to regain control over projects previously owned by partners and bolster reserves in metals crucial for the green transition. According to Robert Lukama, Chairman of Gecamines, the mining unit is targeting three of ERG’s assets in Congo and has the necessary funding to support the purchase. While the specific projects or mines were not disclosed, ERG’s assets in the region include… Read More Here

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