You are here

Written by 

EGC and Gécamines Forge Exclusive Agreement for Cobalt Mining Rights 1 Mining in DRC Battery Metals Cobalt 

EGC and Gécamines Forge Exclusive Agreement for Cobalt Mining Rights

Constance
During the Mining Indaba event in Cape Town, South Africa, Entreprise Générale du Cobalt (EGC) and Gécamines announced an exclusive agreement granting mining rights for five squares to EGC. This deal empowers EGC to oversee artisanal cobalt mining fully. Established in 2019 as a Gécamines subsidiary, EGC monopolizes the purchase and sale of artisanal cobalt in the Democratic Republic of Congo. The recent agreement aims to normalize artisanal cobalt mining and promote local entrepreneurship, ensuring fair remuneration and better protections for workers. Gino Buhendwa Ntale, EGC’s Chairman, emphasized the importance… Read More Here
Congo Takes the Lead in Advancing Gas Initiatives 2 Oil & Gas International Natural gas 

Congo Takes the Lead in Advancing Gas Initiatives

Constance
The Republic of Congo is a mature hydrocarbon market with proven resources, including 1.8 billion barrels of oil reserves and 284 billion cubic meters of natural gas reserves. Despite this, the country’s on- and offshore territory remains underexplored and operators have been slow to add value to crude resources. However, a new gas monetization drive, coupled with several offshore exploration and development programs, presents investors with dynamic opportunities in gas processing and refining, LNG trade and infrastructure upgrades. The upcoming Invest in African Energy (IAE) 2024 forum, scheduled for May… Read More Here
ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine 3 Mining in Zambia Gold Press Release 

ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has come forward to address recent allegations circulating in certain media outlets regarding the purported loss of control over the Kasenseli Gold Mine. Contrary to these reports, ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon, following the amicable resolution of disputes and the necessary consent to mine being granted. One of the key hurdles in the path to resuming operations was the resolution of disputes raised by one of the Kasenseli Gold Company Limited shareholders, Kampoko Resources… Read More Here
DRC Targets ‘Modern Investors’ to Bolster Mining Sector 4 Mining in DRC Economy 

DRC Targets ‘Modern Investors’ to Bolster Mining Sector

Constance
The Democratic Republic of Congo (DRC) is seeking ‘modern investors’ to tap into the country’s mining sector, which boasts over $460 trillion worth of untapped mineral deposits. Miguel Kashal Katemb, Director General of the DRC’s Regulatory Authority for Subcontracting in the Private Sector (ARSP), said the country wants to collaborate with responsible investors, particularly those focused on equity funds and exchange-traded funds, to drive infrastructure development within the mining sector. “We have many big investors in the DRC already, but we need modern investors. We are looking for investors who… Read More Here
Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio 5 Mining in Zambia Energy Exploration 

Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio

Constance
Anglo American, a leading mining company, is making significant strides in early-stage exploration in Zambia’s Northwestern Province to uncover potential copper and cobalt reserves. This move, announced by Anglo American CEO Duncan Wanblad in Cape Town, signifies the company’s commitment to fostering a more resilient mining industry in southern Africa. “Wanblad expressed optimism about Zambia’s mining sector, highlighting its potential for renewed activity, which bodes well for both Zambia and African mining as a whole,” stated the CEO. “Despite being in the early stages, we are determined to make a… Read More Here
DRC's Prime Minister Urges Responsible Mining Investment at Mining Indaba 2024 6 Mining in DRC Events & Expos 

DRC’s Prime Minister Urges Responsible Mining Investment at Mining Indaba 2024

Constance
During the DRC Breakfast held alongside the 30th edition of the Investing in African Mining Indaba 2024, Prime Minister Jean Michel Sama Lukonde urged mining operators to prioritize responsible and sustainable investment for local development in the Democratic Republic of Congo (DRC). Addressing over 300 attendees, including mining companies, service providers, and banks, Prime Minister Sama Lukonde emphasized the importance of benefiting local communities and improving investment conditions. “In the name of His Excellency Mr. President of the Republic, I clearly indicated the vision of what is expected, first of… Read More Here
CMOC Group Eyes Copper and Cobalt Market Expansion in DRC and Beyond 7 Mining in DRC Cobalt Copper 

CMOC Group Eyes Copper and Cobalt Market Expansion in DRC and Beyond

Constance
Chinese mining firm CMOC Group is considering acquiring additional assets in the Democratic Republic of Congo (DRC) and sees growth opportunities in South America and Indonesia, according to Julie Liang, CMOC’s vice president for ESG. Speaking at the Africa Mining Indaba, Liang emphasized the company’s interest in expanding its presence in the DRC, particularly in copper and cobalt-rich regions, to capitalize on the growing demand for these metals driven by green technologies such as electric vehicles. CMOC has become the world’s leading cobalt mining company, with last year’s production reaching… Read More Here
Vedanta weighs sale of minority stake in Zambian copper assets 8 Mining in Zambia Copper 

Vedanta weighs sale of minority stake in Zambian copper assets

Constance
Vedanta Base Metals CEO Chris Griffith said last week that the company is talking to a range of financing partners to raise money for a restart of its Konkola Copper Mines unit in Zambia, including the sale of a minority stake in KCM. Vedanta will remain the majority shareholder in the unit if a minority stake is sold, Griffith said in an interview on the sidelines of an African mining conference in Cape Town. “We are in the fundraising process at the moment to raise $1.3 billion,” he said. That… Read More Here
Zambia to Pursue Larger Holdings in New Mining Projects 9 Mining in Zambia 

Zambia to Pursue Larger Holdings in New Mining Projects

Constance
Zambia aims to negotiate larger stakes in new mining projects to enhance revenue and promote social initiatives, according to Mines Minister Paul Kabuswe. The initiative, spearheaded by Lusaka through state-owned ZCCM-IH, will focus on future agreements and excludes existing mines to ensure investor confidence, Kabuswe informed Reuters. As Africa’s second-largest copper producer, Zambia holds interests ranging from 10% to 20% in various mines, including those owned by Barrick Gold, Vedanta Resources, and First Quantum Minerals. Recently, ZCCM sold a 51% stake in Mopani Copper Mines, retaining the remainder previously owned… Read More Here
President Tshisekedi Urges Regulation to Stabilize DRC's Cobalt Market 10 Mining in DRC Battery Metals Cobalt 

President Tshisekedi Urges Regulation to Stabilize DRC’s Cobalt Market

Constance
The unchecked artisanal exploitation of cobalt ore in the Democratic Republic of Congo (DRC) is contributing to its declining prices in international markets, according to President Félix Tshisekedi. During a recent Council of Ministers meeting on February 9, 2024, President Tshisekedi highlighted the decrease in cobalt prices, which have dropped from $31,000 to $28,727 per ton since the beginning of the fourth quarter of the previous year. In response to this trend, President Tshisekedi urged the Congolese Government to implement urgent measures to regulate the cobalt market effectively and increase… 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.