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ARSP Takes Control of METALKOL Mining Company to Ensure Subcontracting Compliance 1 Mining in DRC Governance 

ARSP Takes Control of METALKOL Mining Company to Ensure Subcontracting Compliance

Constance
The METALKOL mining company is now under the oversight of inspectors from the Regulatory Authority for Subcontracting in the Private Sector (ARSP). This decision was made by the Director General of ARSP, Miguel Kashal Katemb, following an inspection of the facilities and discussions with on-site officials. During a working session, the Director General of ARSP elaborated on President Félix Tshisekedi’s vision regarding subcontracting. He emphasized the significant progress made in facilitating access to markets compared to the past, attributing it to the President’s commitment to addressing subcontracting challenges. As part… Read More Here
Some Stakeholders Applaud Zambia's Govt's Decision to Halt Lower Zambezi Mining operations 2 Mining in Zambia Environment Social Governance (ESG) 

Some Stakeholders Applaud Zambia’s Govt’s Decision to Halt Lower Zambezi Mining operations

Constance
Various stakeholders, including environmental defenders, activists, and civil society organizations, have commended the government’s decision to cancel mining operations in the Lower Zambezi National Park. The cancellation, specifically for Mwembeshi Resources Limited, is seen as setting a crucial precedent for the responsible exploration of mineral resources in Zambia. In a collective statement addressed to the National broadcaster ZNBC News, the stakeholders emphasized the non-political nature of the decision to revoke environmental permission for mining. They not only recommended a full withdrawal of the mining license issued by the Ministry of… Read More Here
DRC Mining Experts Seek Innovative Solutions for Sector Challenges 3 Mining in DRC Events & Expos 

DRC Mining Experts Seek Innovative Solutions for Sector Challenges

Constance
The Presidential Council for Awareness of Strategies (CPVS) initiated the second edition of the National Framework for consultation among stakeholders in the mining sector of the Democratic Republic of Congo (DRC) on Monday, November 13, 2023. The overarching theme of these meetings is “Exploring Innovative Solutions to Effectively Address Challenges in the DRC’s Mining Sector.” The primary objective is to devise strategies for enhancing the governance of the mining sector in the country. Deputy Minister of Mines, Godard Motema, commended the initiative, emphasizing its goal of generating reflections for the… Read More Here
Miguel Kashal Reports Surge in Subcontractors: From 3,500 to 14,000 in 10 Months in the DRC 4 Mining in DRC Governance 

Miguel Kashal Reports Surge in Subcontractors: From 3,500 to 14,000 in 10 Months in the DRC

Constance
The Minister of Communication and Media, Patrick Muyaya, and the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, jointly led a press briefing on November 13, 2023, highlighting ARSP’s accomplishments and future prospects. Commenting on the significance of the sector, the Government spokesperson emphasized its potential to create millionaires in the DRC, particularly focusing on President Félix Tshisekedi’s commitment to private enterprises. Miguel Kashal acknowledged the president’s dedication to private sector development and highlighted ARSP’s initiatives, including the widespread promotion of subcontracting… Read More Here
DRC's Subcontracting Set to Capture $8.29 Billion in the Mining Sector in 2022 5 Mining in DRC Cobalt Copper Gold Governance 

DRC’s Subcontracting Set to Capture $8.29 Billion in the Mining Sector in 2022

Constance
Subcontracting in the Democratic Republic of Congo (DRC) is emerging as a substantial economic driver, poised to significantly contribute to the country’s economic development. In 2022, this sector is anticipated to yield over $8.29 billion, particularly from the mining industry’s production. During a briefing held on Monday, October 13, 2023, by the Minister of Communication and Media, Patrick Muyaya, Miguel Kashal, the Director General of ARSP, highlighted that the cost of production in the mining sector is 35%. This 35% represents the share allocated to subcontracting companies, linking the success… Read More Here
Kamoto Mine Sparks Hope for the DRC's Mining Sector 6 Mining in DRC Copper 

Kamoto Mine Sparks Hope for the DRC’s Mining Sector

Constance
In the heart of the Democratic Republic of Congo’s (DRC) mining landscape lies the Kamoto mine, operated by the Kamoto Copper Company (KCC), a partnership between Glencore and Gécamines. These tunnels, delving more than 600 meters into the earth, hold a storied past and a resilient future. Recalling the tragic history of Kamoto, journalist Israel Mutala notes that the mine, located in Kolwezi, experienced a devastating collapse in 1989 during the DRC’s economic crisis. This event resulted in a 70% reduction in Gécamines production, causing hyperinflation, substantial economic losses for… Read More Here
DRC Finance Minister, Unveils Proposal for the Strategic Investment Fund to the Government 7 Mining in DRC Economy Governance 

DRC Finance Minister, Unveils Proposal for the Strategic Investment Fund to the Government

Constance
Nicolas Kazadi, the Minister of Finance, presented a proposal to establish the Strategic Investment Fund of the Democratic Republic of Congo to the Council on Friday, November 9, 2023. According to the 119th meeting of the Council of Ministers, the fund’s primary focus will be on managing and optimizing specific real estate assets, including the Financial Center and the Congress Center. The fund aims to act as a reliable partner for investors, co-investing in various strategic projects based on potential opportunities. The proposed legal structure for the fund is a… Read More Here
Trafigura brings Australian mined copper back to China -sources 8 International Copper 

Trafigura brings Australian mined copper back to China -sources

Constance
Swiss commodity trader Trafigura has agreed to help Chinese smelters clear imports of copper concentrate from Australia, suggesting an informal ban has been lifted if the cargo clears customs, three sources familiar with the matter told Reuters. China has gradually been easing a raft of unofficial curbs and tariffs on Australian imports, including copper concentrate and coal, that were imposed in 2020 at the height of a diplomatic spat over trade and security. Despite a wider informal easing, state-owned Chinese smelters that turn concentrate into copper metal, have been reluctant… Read More Here
Tantalex Lithium Secures Glencore Partnership with Offtake Agreement and $5M Financing 9 Mining in DRC Battery Metals Lithium 

Tantalex Lithium Secures Glencore Partnership with Offtake Agreement and $5M Financing

Constance
Tantalex Lithium Resources Corp. (CSE: TTX – FSE: DW8 – OTCQB: TTLXF) announced yesterday November 13th the successful conclusion of a lithium marketing offtake agreement (Marketing Offtake Agreement) and a convertible facilities agreement amounting to US$5,000,000 (Convertible Facilities Agreement) with Glencore AG (Glencore). These agreements were previously disclosed in Tantalex’s news release on September 8th, 2023. The Marketing Offtake Agreement encompasses 100% of the lithium production from Tantalex’s Manono Lithium Tailings Project, starting from the commencement of commercial production throughout the mine’s operational life. Glencore will exclusively manage all sales… Read More Here
China calls on Zambia's creditors to share a "fair burden" in the country's debt restructuring 10 Mining in Zambia Economy 

China calls on Zambia’s creditors to share a “fair burden” in the country’s debt restructuring

Constance
China has urged Zambia’s additional creditors to bear a “fair burden” in the nation’s debt restructuring efforts. This comes as the International Monetary Fund (IMF) and official creditors, including Beijing, have expressed reservations about a deal Zambia made with overseas bondholders. Talks between Zambia and a bondholder committee are ongoing, with the country’s finance ministry confirming the discussions on Friday. Doubts have been raised by the official creditor committee, co-chaired by China and France, along with the International Monetary Fund over the past several days. No specific details were provided… Read More Here

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