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Fura Gems appoints China Stone as sight holder for Mozambican rubies 1 International Precious Stones 

Fura Gems appoints China Stone as sight holder for Mozambican rubies

Constance
Fura Gems, the leading global gemstone mining company, and China Stone announce a global collaboration. Under this agreement, Fura Gems will grant China Stone access to a selection of premium rough rubies. This partnership guarantees a reliable source of ethically mined gemstones, supporting better production planning and forecasting for watches, jewellery manufacturers, and retailers. Key Highlights: Fura Gems will provide China Stone with rough rubies ranging from 0.25 carats to 0.75 carats.China Stone, a leading supplier of precision-cut and polished gemstones for the Watch and Jewellery Industry, will receive a… Read More Here
Jiangxi Copper boosts stake in First Quantum  2 International Copper 

Jiangxi Copper boosts stake in First Quantum 

Constance
Jiangxi Copper, First Quantum’s (TSX: FM) largest shareholder, has increased its stake in the Canadian miner, which is still reeling from the heavy losses caused by uncertainty regarding the future of its flagship copper mine in Panama. The Chinese miner grew its interest in First Quantum to 18.5% from 18.3%, after buying a total of 1.35 million shares this week. Panamanian legislators were very close to cancelling the Vancouver-based miner’s recently ratified 20-year contract to operate the giant Cobre Panama copper mine. After three consecutive days of extraordinary meetings, the… Read More Here
FQM, ZDA HOST BUSINESS CLINIC TO BOOST MSME GROWTH IN KALUMBILA  3 Mining in Zambia Copper Corporate News Corporate social responsibility 

FQM, ZDA HOST BUSINESS CLINIC TO BOOST MSME GROWTH IN KALUMBILA 

Constance
In a collaborative effort to promote sustainable business growth in Kalumbila, First Quantum Minerals’ Trident Limited and the Zambia Development Agency (ZDA) recently organised a business clinic under the theme, “Sustainable Business Partnerships for MSME Growth.” The initiative aims to empower local entrepreneurs, foster economic diversification, and create opportunities for Micro, Small and Medium Enterprises (MSMEs). The Kalumbila Business Clinic underscored the government’s commitment to MSME business development and strong partnerships with the private sector, bringing together industry experts, including the Patents & Companies Registration Agency (PACRA), Zambia Revenue Authority… Read More Here
Anglo American Finalizes Joint Venture, Progresses Exploration in Zambia 4 Mining in Zambia Copper Exploration 

Anglo American Finalizes Joint Venture, Progresses Exploration in Zambia

Constance
Global mining company Anglo American has confirmed it is progressing early-stage copper exploration at a number of licences in Zambia’s North-Western Province, following completion of the formation of its joint venture with a subsidiary of Arc Minerals Ltd (“Arc”). Under the terms of the joint venture agreement, which recently completed following satisfaction of the outstanding conditions (including regulatory approvals), Anglo American has a right to retain 70% of the joint venture company subject to meeting certain exploration commitments and payments to Arc. Exploratory drilling at one of the key joint… Read More Here
Kagem & Gemfields Foundation Donate Solar-Powered Lab and Classroom to Kapila Primary School 5 Mining in Zambia Corporate News Corporate social responsibility Gemstones 

Kagem & Gemfields Foundation Donate Solar-Powered Lab and Classroom to Kapila Primary School

Constance
Kagem Mining and Gemfields Foundation, the charitable arm of Kagem’s majority owner and operator – Gemfields, has handed over a newly constructed block with three classrooms and a fully equipped solar powered computer lab to Lufwanyama’s Kapila Primary School to enhance the quality of education in the area. The project, completed at a cost of approximately ZMW 6.9 million (USD 316,000), puts Kapila Primary School among the handful of educational institutions in the area offering computer lessons to its pupils. The ceremony was attended by local community members, pupils, school… Read More Here
Critical Metals Transforms Into a Copper Producer in DRC 6 Mining in DRC Battery Metals Copper 

Critical Metals Transforms Into a Copper Producer in DRC

Constance
Critical Metals, a copper project developer, marked its evolution from an explorer to a full-fledged copper producer in the Democratic Republic of Congo (DRC) with the initiation of mining and processing operations at the Molulu project. The company anticipates positive operating cash flow in the fourth quarter. By the end of the financial year, Critical Metals employed 51 people in the DRC, 49 of whom were DRC citizens. During the mining build-up, the company streamlined its corporate structure and increased its indirect holding in the Molulu copper project from 40%… Read More Here
Ivanhoe Mines Addresses Media Reports on Trucking Strike in the DRC 7 Mining in DRC Copper Transport and Logistics 

Ivanhoe Mines Addresses Media Reports on Trucking Strike in the DRC

Constance
KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) responded to media reports regarding the status of trucking shipments in the Democratic Republic of Congo (DRC) concerning a third-party labor dispute. Operations at the Kamoa-Kakula Copper Complex continued as usual, and as of November 9, significant shipments occurred from the mine gate, with additional shipments taking place in the following days. Ivanhoe Mines’ management proactively collaborated with the DRC government and local authorities to address any potential interim effects on outbound shipping. However, the company did not… Read More Here
Artisanal Mining Realities in Kamilombe 8 Mining in DRC Artisanal mining Cobalt Copper 

Artisanal Mining Realities in Kamilombe

Constance
In the heart of the Democratic Republic of Congo’s (DRC) Lualaba province lies the artisanal mining site of Kamilombe, a place where thousands of young people gather with the hope of benefiting from the region’s abundant copper and cobalt deposits. However, this promising venture comes with challenges and risks that need attention. At Kamilombe, cooperatives like CMDS oversee around 15,000 artisanal diggers spread across approximately 1,800 wells. These hardworking individuals face perilous conditions due to a lack of proper safety measures and infrastructure. The absence of personal protective equipment contributes… Read More Here
Investigation Into Alleged $10 Million Embezzlement at Gécamines Commences 9 Mining in DRC 

Investigation Into Alleged $10 Million Embezzlement at Gécamines Commences

Constance
The definitive inquiry into the alleged misappropriation of $10 million from SMICO to over twenty individuals, including senior executives and consultants of Gécamines, began on Friday, November 10, in Kinshasa. The CEO of Gécamines, Guy-Robert Lukama, finally cooperated with IGF inspectors after days of resistance. The investigation focuses on the disappearance of millions intended for Gécamines’ individuals. The IGF raised concerns about the sharing of $10 million from SMICO, a Gécamines subsidiary, among 27 people within the state mining company, violating governance rules. The IGF brigade chief, Muzeze Nzonzimbu, classified… Read More Here
South Africa President deploys army to tackle illegal Mining 10 International 

South Africa President deploys army to tackle illegal Mining

Constance
South African President Cyril Ramaphosa has authorized the deployment of 3,300 army personnel to help combat illegal mining activities, Ramaphosa’s office said in a statement on Thursday November 9th. The deployment of the South African National Defence Force (SANDF), which is expected to cost about 492 million rand ($26 million), is aimed at maintaining law and order under “Operation Prosper”, Vincent Magwenya, Ramaphosa’s spokesperson, said in the statement. The SANDF was previously deployed in 2019 to the Western Cape province to fight gang violence under the same operation. “Members of… Read More Here

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