Constance - Copperbelt Katanga Mining

Written by Constance

Kinshasa Authorities Assure No Risk of Fuel Shortage in DRC

January 12, 2024January 12, 2024 Constance

The city of Kinshasa, capital of the Democratic Republic of Congo (DRC), will not experience a stock shortage of petroleum products despite the flooding of the Congo River. These assurances were given by the Ministry of the National Economy in response to rumors circulating on social networks suggesting a possible exhaustion of fuel stocks in Kinshasa. “From information obtained from SEP Congo officials, the rumor about the fuel stock shortage linked to the flooding of the Congo River is completely false. Consumers are advised to ignore this. », writes the… Read More Here

International

Multinational Rio Tinto to explore base metals in Angola

January 12, 2024January 17, 2024 Constance

The Angolan Government and the Anglo-Australian multinational Rio Tinto Explotation LTD will sign, next Wednesday, January 17th, a mining investment contract, for the prospecting and exploration of base metals. According to a source from the Ministry of Mineral Resources, Oil and Gas, the project called “Moxico Concession” is located in the province of Moxico, and has an extension of 9,959 square kilometers. Operations in Angola Last year, the Australian multinational Rio Tinto, the second largest minerals company in the world, began prospecting operations for kimberlites and diamonds in the commune of… Read More Here

Mining in Zambia Energy Green Energy

CEC Green Bond Listing to Boost Zambia’s Green Growth and Climate Resilience

January 12, 2024January 12, 2024 Constance

The recent listing of the Green Bond by the Copperbelt Energy Corporation (CEC) has been hailed as a significant stride towards supporting Zambia’s Green Growth Strategy, according to Hon. Eng. Collins Nzovu, Minister of Green Economy and Environment. Speaking during the CEC Green Bond Listing Ceremony, Hon. Nzovu emphasized the pivotal role of public-private partnerships in advancing the country’s commitment to environmental sustainability. The Green Bond listing not only opens up Zambia’s capital markets but also aligns with the nation’s determined contribution to reducing carbon emissions, as outlined in its… Read More Here

Transport and Logistics International

Angola: Port of Lobito Records Improved Ship Movements

January 12, 2024January 12, 2024 Constance

Angola’s second largest port, the Port of Lobito, has recorded an increase of 7.57% in ship movement since 2022, with 351 ships docked at the port handling 1,332,451 tons of cargo in 2023. Announced by Celso Rosas, Chairman of the Board of Directors of the Port of Lobito, it was highlighted that the port collected revenues of more than $16.6 million in 2023. Despite an increase in ship movements, however, the Port of Lobito recorded a reduction of 14.9% in terms of tons of cargo while simultaneously recording a decrease… Read More Here

International Iron Ore

Rio Tinto to Launch $20B Mine in Guinea-Conakry in 2024

January 12, 2024January 12, 2024 Constance

Backed by a $20 billion investment, development of the Simandou iron ore mining project will commence this year following anticipated investment approvals from Beijing for the state-owned Chinese partner, Chinalco. Situated in the Simandou mountains in south-eastern Guinea-Conakry, the project represents the largest mining development in the world. The iron ore, rail, and port development project will be developed as a joint venture between global mining group, Rio Tinto, the Guinean government, and multiple Chinese companies. First ore from the project is expected for shipment by 2025, with full production… Read More Here

Mining in DRC Battery Metals Cobalt

DRC: CMOC dethrones Glencore as the world’s leading cobalt producer

January 11, 2024January 11, 2024 Constance

At a time of energy transition, there is a real rush towards the mining sector of the Democratic Republic of Congo, whose contribution to the national economy is no less. However, in this copper-cobalt El Dorado, two giants of the sector, namely the Chinese CMOC and the Swiss Glencore, are waging a merciless battle, centered on competitiveness. Thanks to its Kisanfu copper-cobalt mine based in the Democratic Republic of Congo in the Haut-Katanga province, with a capacity of 30,009 tonnes, inaugurated in 2023, the giantChinese group CMOC thus becomes the… Read More Here

Gold Artisanal mining Mining in DRC

from January 1 to December 11, 2023, Primera Gold exported 4.3 tonnes of artisanal gold

January 11, 2024January 11, 2024 Constance

The Primera Gold company exported, from January 1 to December 11, 2023, 4.3 tonnes of artisanal gold from the Democratic Republic of Congo (DRC) to the Dubai market. This export volume should generate revenues of around 261.5 million US dollars if we stick to the sale price on the Dubai Stock Exchange as of January 9, 2023, i.e. 59,580 dollars for a kilogram of gold. In a press release published on September 30, 2023, the communications department of Primera Gold announced that this company had succeeded in exporting, in nine… Read More Here

Mining in DRC Copper Electricity Mining in Zambia

Affirma Capital Invests $145 Million to Boost Power Supply for Copper Mines in DRC and Zambia

January 11, 2024January 11, 2024 Constance

(Agence Ecofin) – The Democratic Republic of Congo (DRC) and Zambia are the two leading copper producers in Africa. While the electricity supply for mines remains a challenge in these two countries, the investment announced by Affirma Capital can contribute to improving the situation. On January 8, Affirma Capital, the former private equity branch of Standard Bank, announced a $145 million investment in the Copperbelt Energy Corporation (CEC). With a $50 million contribution from Standard Bank of South Africa, this investment will be used to enhance access to electricity for… Read More Here

Events & Expos Sponsored Content

Investing in African Mining Indaba 2024: An exciting lineup of influential speakers who will engage in thought-provoking discussions

January 11, 2024January 11, 2024 Constance

Mining Indaba is the pinnacle event for promoting long-term investment in African mining. Attracting a broad and prominent speaker lineup, including industry professionals, policymakers, and stakeholders from around the country and beyond in order to promote economic growth and foster positive changes in the mining industry. The 2024 conference aims to celebrate Mining Indaba’s 30th anniversary by taking a new direction and purpose. The theme, “Embracing the power of positive disruption: A bold new future for African mining,” reflects the objective of finding solutions and paths towards positive change in… Read More Here

Battery Metals Coal Diamond Gold International

Five Mineral Markets to Watch in 2024

January 10, 2024January 10, 2024 Constance

With a focus on sustainable and equitable extraction, COP28 highlighted the pivotal role of critical minerals in securing clean energy supplies and transition value chains. In line with these advancements – which sees global demand more than doubling by 2030 – mineral-rich African countries are strengthening their regulatory frameworks and introducing new incentives to attract mining-focused investments. The second edition of the Critical Minerals Africa summit – slated for October 2024 – will showcase these markets and their role in global supply-demand dynamics over the next decade. Below are the top five… Read More Here