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Zambia and Botswana Establish Kazungula Bridge Authority for Regional Economic Growth 1 Mining in Zambia Transport and Logistics 

Zambia and Botswana Establish Kazungula Bridge Authority for Regional Economic Growth

Constance
Zambia and Botswana have successfully concluded discussions to establish the Kazungula Bridge Authority, which will be headquartered in Botswana. During a meeting with Botswana President Mokgweetsi Masisi, Zambian President Hakainde Hichilema announced the outcomes of the discussions. The key agreement is that the Chief Executive Officer of the Kazungula Bridge Authority will be a Zambian. President Masisi shared that, once formalities are completed, the authority will focus on expanding access roads and implementing advanced ICT technology to enhance service delivery. Ministers from both countries have been assigned to address outstanding… Read More Here
Disruptions in Rail Transport Cause Historic Drop in Richards Bay Coal Terminal Shipments 2 International Coal 

Disruptions in Rail Transport Cause Historic Drop in Richards Bay Coal Terminal Shipments

Constance
Shipments from South Africa’s primary coal export facility, Richards Bay Coal Terminal (RBCT), reached their lowest point in over three decades in 2023 due to disruptions in rail transportation affecting mines. RBCT, owned by 13 coal mining companies, including Thungela, Exxaro Resources, Seriti Resources, and Glencore’s South African subsidiary, recorded a shipment of 47.2 million tons of coal last year, the lowest figure since at least 1992. Despite RBCT’s annual export capacity of 91 million tonnes, operational challenges, such as a shortage of locomotives, derailments, and crime, have led to… Read More Here
Barrick Continues To Be a Major Value Creator for Mali 3 Gold Economy International Mining revenue 

Barrick Continues To Be a Major Value Creator for Mali

Constance
 Barrick Gold Corporation and its predecessor, Randgold Resources, has been a valuable partner to Mali for 27 years and, in the face of many challenges, continues to work tirelessly with the Transition Government of Mali and local stakeholders to plot a new course for the country’s mining industry and promote it as an investment destination, says president and chief executive Mark Bristow. Speaking to the media, Bristow said during this time its mines had contributed almost $10 billion to the Malian economy in the form of taxes, royalties, salaries and… Read More Here
Uganda Harnesses Oil and Gas Resources for Economic Transformation 4 Oil & Gas Economy Mining in Uganda 

Uganda Harnesses Oil and Gas Resources for Economic Transformation

Constance
Uganda is strategically positioning itself for economic growth by tapping into its rich oil and gas resources while simultaneously embracing a sustainable energy transition plan, as revealed by the Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu. The ambitious 25-year plan anticipates a substantial economic boost, with $8.6 billion injected into Uganda’s GDP by 2025, fueled by revenues from oil and gas production. The “last in, last out” approach discussed at the 28th UN Climate Change Conference enables developing nations like Uganda to leverage their resources. This approach aligns… Read More Here
Kibali Gold Mine Sets Benchmark for Sustainable and Automated Mining 5 Mining in DRC Electricity Gold Press Release 

Kibali Gold Mine Sets Benchmark for Sustainable and Automated Mining

Constance
KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Kibali, the largest gold mine in Africa, is now also one of the greenest mines on the African continent, Barrick president and chief executive Mark Bristow told media at a briefing on Monday January 29th. Much of the electricity that drives Kibali is already supplied by its three hydropower stations. Once the mine’s new 16 megawatt solar plant and additional battery energy storage infrastructure, designed to back up the hydropower supply during the region’s dry season, are commissioned, it is expected the mine’s overall renewable electricity… Read More Here
Kenya Confirms Coltan Discovery 6 International 

Kenya Confirms Coltan Discovery

Constance
Kenya has announced the discovery of its first deposits of the strategic mineral coltan. Reserves have been found across six counties, with the full scope and value of the deposits yet to be confirmed. The government is proceeding with ground evaluation in order “to assess the economic value of that particular mineral,” stated Kenya’s Minister of Mining, Blue Economy and Maritime Affairs, Salim Mvurya. He added that the discovery has the potential to contribute to job creation and the expansion of Kenya’s mining industry. A crucial mineral used in manufacturing… Read More Here
Secretary of State Blinken Discusses Lobito Corridor in Luanda 7 Economy International 

Secretary of State Blinken Discusses Lobito Corridor in Luanda

Constance
Secretary of State, Anthony Blinken, visited Angola on January 24 and 25th of 2024 to further discuss and develop the numerous bilateral agreements made during the 2023 US-Africa Leaders summit in Washington, DC. At a news conference in Luanda with his Angolan counterpart, Foreign Minister Tete Antonio, Blinken mentioned the Lobito Corridor: “I had a chance today to see some of the dramatic progress that’s already been made in building out this corridor. It is moving faster and further I think that we might have imagined.” According to the official press… Read More Here
Lobito Atlantic Railway Assumes Control of Benguela Railway Operations 8 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Atlantic Railway Assumes Control of Benguela Railway Operations

Constance
In a significant development reported on January 25, the Lobito Atlantic Railway S.A. officially assumed operational control of the Benguela Railway, a pivotal rail infrastructure within the Lobito Corridor. The inaugural departure of the first two trains was sanctioned at 5:00, with the Board of Directors of the Caminho de Ferro de Benguela in attendance, as shared on Vecturis’ LinkedIn page. The Lobito Atlantic Railway S.A. represents a collaborative joint venture involving Trafigura, Mota-Engil, and Vecturis, tasked with managing the primary railway concession integral to the Lobito Corridor. A key… Read More Here
Rio Tinto Strengthens Mining Ties with Angola through Second Investment Contract 9 International Cobalt Copper Exploration 

Rio Tinto Strengthens Mining Ties with Angola through Second Investment Contract

Constance
On January 17, 2024, Rio Tinto, the prominent English-Australian mining company, formalized a significant mining investment contract with the Angolan Ministry of Mineral Resources, Oil, and Gas in Luanda. The lucrative $5.7 million USD deal encompasses a 35-year exploratory license for the Moxico Concession, spanning an extensive 9,987 square kilometers (3,856 square miles). Rio Tinto’s exploration efforts will focus on uncovering base metals, including copper, zinc, cobalt, and titanium, according to the company’s official statement. The contractual agreement initiates a dedicated five-year prospecting phase, with the potential for a two-year… Read More Here
All-American Rail Group Inks MOU to Assist Angola to Extend Northern Corridor Rail to DRC 10 Mining in DRC Angola Transport and Logistics 

All-American Rail Group Inks MOU to Assist Angola to Extend Northern Corridor Rail to DRC

Constance
On December 9, 2023, the All-American Rail Group (“AARG”) codified its commitment to provide advisory services to Angola’s rail and infrastructure development through the signing of a Memorandum of Understanding (“MOU”) with Angola’s Ministry of Transport. The entire Lobito Corridor project is valued at $4.5 billion and includes infrastructure through more than 340 kilometers (i.e., 830 miles) of land through Angola, the DRC and Zambia. This MOU is related to the Angola portion of the track between Luanda, Angola’s capital, and the Democratic Republic of Congo’s (DRC) southern city of… Read More Here

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