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FQM adds positive Community legacy at former Bwana Mkubwa Mine FORMER BWANA   1 Mining in Zambia Copper Corporate social responsibility 

FQM adds positive Community legacy at former Bwana Mkubwa Mine FORMER BWANA  

Constance
First Quantum Minerals (FQM) has handed over 13 houses to resettled families in the latest phase of its industry-leading project to leave a positive legacy at its former Bwana Mkubwa mine in Ndola.The mining firm has also donated 10 hectares of land to the Zambian Aged People’s Association (ZAPA). This follows the donation of land to 338 of its employees, the Ex-Service League, the Lamba Royal Establishment, the community, and the government in July of this year.The mining firm believes that developing sustainable, long-term plans that go beyond the life… Read More Here
AVZ Minerals Secures ICC Injunction Against COMINIERE in Manono Lithium Project Dispute 2 Mining in DRC Battery Metals Lithium 

AVZ Minerals Secures ICC Injunction Against COMINIERE in Manono Lithium Project Dispute

Constance
The dispute between AVZ Minerals and COMINIERE regarding the Manono lithium project in the DRC is yet to reach a final resolution. The International Chamber of Commerce has issued a prohibition on Congolaise d’Exploitation Minière (Cominière), restraining any actions directly or indirectly linked to the exploration and exploitation of the Manono project claimed by AVZ Minerals. This decision marks a preliminary victory for the Australian mining company, announced on November 17. Previously, AVZ had urgently sought arbitration to halt any transactions related to the Manono project. Notably, Cominière had recently… Read More Here
The Lobito Corridor: Washington’s Answer to Belt and Road in Africa 3 Transport and Logistics Angola Infrastructural Development Mining in DRC Mining in Zambia 

The Lobito Corridor: Washington’s Answer to Belt and Road in Africa

Constance
Launched a decade ago, China’s Road and Belt Initiative is a colossal infrastructure and economic development project spanning across Asia, Europe, and Africa. To date, 52 African governments signed Memorandums of Understanding (MoU) with China regarding the BRI and the initiative has translated into billions of dollars invested in the construction of roads, ports, railways, and other critical infrastructure. These projects are not only enhancing connectivity within the continent but also providing China with unprecedented access to Africa’s vast mineral wealth, particularly in countries like Zambia and the Democratic Republic… Read More Here
FQM suspends Copper production in Panama amid blockade 4 Copper International 

FQM suspends Copper production in Panama amid blockade

Constance
First Quantum Minerals Ltd. suspended production in Panama as a blockade of boats restricts key supplies to one of the world’s biggest and newest copper mines. “Cobre Panama is no longer operating at commercial levels of production,” the Canadian company said in a text message, confirming union comments earlier Thursday. First Quantum had begun slowing operations at its flagship mine last week amid intensifying protests over the operating contract. The demonstrations include a blockade by small boats at a port used to deliver supplies like coal to a mine responsible… Read More Here
Primera Gold exported 100 kg more Artisanal Gold from DRC in November 2023 5 Artisanal mining Gold Mining in DRC 

Primera Gold exported 100 kg more Artisanal Gold from DRC in November 2023

Constance
For the second time in November 2023, Primera Gold exported 100,095 kg of gold from artisanal mining, from the Democratic Republic of Congo (DRC) to the United Arab Emirates. These data are specified by the communication services of this company via its X account (Twitter). “At the start of this week, PrimeraGoldDrc SA exported 100.095 kg of gold from artisanal mining to the United Arab Emirates. This is the second export of this month of November 2023,” informs the Primera Gold Communications Unit. Primera Gold’s first export for the month of… Read More Here
CMOC Group Faces Hurdles in DRC Cobalt and Copper Expansion Amid Electricity Woes 6 Mining in DRC Cobalt Copper Electricity 

CMOC Group Faces Hurdles in DRC Cobalt and Copper Expansion Amid Electricity Woes

Constance
Chinese mining giant CMOC Group foresees challenges in the expansion of its cobalt and copper production in the Democratic Republic of Congo (DRC) due to ongoing electricity supply issues in the region. The DRC, a leading global supplier of cobalt and a prominent copper producer, faces persistent power shortages and logistical hurdles in exporting metals via ports in South Africa, Tanzania, and Namibia. CMOC’s Tenke Fungurume mine was among those affected by recent disruptions caused by a wildcat strike among truckers, leading to stranded copper and cobalt shipments. While the… Read More Here
Porto do Lobito on a trade Facilitation platform 7 Angola Transport and Logistics 

Porto do Lobito on a trade Facilitation platform

Constance
The Lobito Port Company officially joined the Single Window for Trade Facilitation (SWIFT) on Monday, November 20th, by signing a protocol with the International Maritime Organization (IMO). This step integrates the Angolan company into a global platform for the sector, ushering in the era of the “paperless port” concept. This accession means that the Lobito Port Company will now operate within a platform shared by global port authorities and companies. This electronic interaction streamlines the process, allowing for a single declaration of necessary information for ship docking, as described by… Read More Here
DRC and Zambia Formalize Historic Agreement for Chalwe-Kabila Border Post Development 8 Mining in DRC Mining in Zambia Transport and Logistics 

DRC and Zambia Formalize Historic Agreement for Chalwe-Kabila Border Post Development

Constance
The governments of the Democratic Republic of Congo and Zambia inked a significant bilateral agreement on November 17, 2023, in Lusaka, Zambia, marking a pivotal step toward the implementation and operation of the Chalwe-Kabila single border post. This post is a key component of the Kasomeno-Mwenda toll road project, developed by GED Africa Ltd. Representing the DRC government, Prime Minister Jean-Michel Sama Lukonde’s presence was symbolized by Minister of State for Infrastructure, Alexis Gisaro, accompanied by Minister of Foreign Trade Jean Lucien Bussa Tongba and Prime Minister’s Special Advisor, Romulus… Read More Here
IMF Staff Reach Agreement for Second Review of Zambia Facility, Unlocks $184 Million 9 Economy Mining in Zambia 

IMF Staff Reach Agreement for Second Review of Zambia Facility, Unlocks $184 Million

Constance
 The International Monetary Fund has reached a staff-level agreement with Zambia on the second review of its Extended Credit Facility, unlocking another $184 million upon IMF board approval, the Fund said on Monday November 20th. The IMF’s mission chief for Zambia added in a statement that the Fund welcomed Zambia’s memorandum of understanding with its official creditors and ongoing discussions with private creditors to reach an agreement on debt restructuring. She said Zambia may need to further tighten monetary policy to contain inflationary pressures and that building reserves would enhance… Read More Here
MMG Limited Expands its Portfolio with Acquisition of Khoemacau Copper Mine in Botswana 10 Copper International Mergers & Acquisitions 

MMG Limited Expands its Portfolio with Acquisition of Khoemacau Copper Mine in Botswana

Constance
MMG Limited (HK.1208) has unveiled a pivotal move in the mining industry by finalizing a Share Purchase Agreement (SPA) to acquire the parent company of the esteemed Khoemacau Copper Mine in Botswana. This strategic acquisition comes with an effective Enterprise Value of US$ 1,875 million and marks a significant milestone in MMG’s pursuit of establishing a robust portfolio comprising top-tier mines catering to the needs of a decarbonized world. Khoemacau stands out as one of the premier new copper mines on a global scale, renowned for its exceptional quality. The… Read More Here

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