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Resumption of Copper Transport in the DRC Sparks Concerns Over Border Bottlenecks 1 Transport and Logistics Copper Mining in DRC Mining in Zambia 

Resumption of Copper Transport in the DRC Sparks Concerns Over Border Bottlenecks

Constance
Trucks loaded with thousands of tons of copper in the Democratic Republic of Congo (DRC) have recommenced their journey toward the Zambian border, accompanied by security escorts, after a recent wildcat strike, according to sources briefed on the matter. Approximately 2,700 trucks, carrying around 89,000 tons of copper, had been stranded in Kolwezi due to drivers demanding a risk allowance of $700 per journey, as reported by Reuters on November 7. The sudden release of the trucks is expected to worsen the situation at the border, where existing bottlenecks were… Read More Here
Tenke Fungurume Reports Strong Third-Quarter Production and Significant Contributions to the DRC 2 Mining in DRC Cobalt Copper 

Tenke Fungurume Reports Strong Third-Quarter Production and Significant Contributions to the DRC

Constance
In the third quarter of 2023, Tenke Fungurume Mining (TFM) achieved notable milestones, producing approximately 69,755 tonnes of copper cathodes and 5,686 tonnes of cobalt metal in the form of cobalt hydroxide. The company’s tax and related payments to the National Treasury and other public administrative services of the Democratic Republic of Congo amounted to approximately USD 361.57 million during the same period. TFM’s new crushing facilities demonstrated excellent performance, boasting an average capacity of 34,696 tonnes per day in the third quarter. The company also emphasized its commitment to… Read More Here
BEKA Schréder Illuminates New Warehouse at Dube TradePort Near Durban 3 Sponsored Content 

BEKA Schréder Illuminates New Warehouse at Dube TradePort Near Durban

Constance
Dube TradePort is a Special Economic Zone and comprises a precinct purpose-planned to drive industrial and commercial development in South Africa through the promotion and attraction of both domestic and foreign direct investment to this part of KwaZulu-Natal. It is a world-class commercial and light industrial precinct offering globally integrated logistics and manufacturing infrastructure and support for a range of airport-related activities, including cargo operations, warehousing, agricultural growing, processing and cold storage, as well as commercial real-estate for office, retail and hospitality. BEKA Schréder has supplied most of the lighting… Read More Here
Truckers Strike in DRC Strands Copper and Cobalt Supplies 4 Mining in DRC Cobalt Copper 

Truckers Strike in DRC Strands Copper and Cobalt Supplies

Constance
A truckers strike in Kolwezi, Democratic Republic of Congo (DRC), has left copper and cobalt produced by companies such as Glencore and CMOC stranded, impacting global supplies of these crucial materials. As the strike enters its third week, around 2,700 trucks carrying approximately 89,000 metric tons of copper are immobilized in Kolwezi. Copper is essential for power generation and construction, while cobalt is a key component in rechargeable batteries used in electric vehicles, making both materials vital for the ongoing energy transition. A Reuters survey in November revealed expectations of… Read More Here
Bill Gates-Backed Mining Startup Wants to Expand Into the DRC 5 Mining in DRC Battery Metals Mining in Zambia 

Bill Gates-Backed Mining Startup Wants to Expand Into the DRC

Constance
KoBold Metals, a mining startup with the support of Bill Gates, is advancing toward potential investments in the Democratic Republic of Congo (DRC) while developing a copper project in Zambia. CEO Kurt House revealed that the company has submitted a bid for an undisclosed asset in the DRC, although the transaction did not materialize. House emphasized that the DRC offers a highly favorable environment for the materials essential to KoBold’s global green-energy transition initiatives. The DRC is the world’s leading producer of cobalt and one of the major sources of… Read More Here
Vedanta Restores Ownership of Konkola Copper Mines in Zambia 6 Mining in Zambia Copper Corporate News 

Vedanta Restores Ownership of Konkola Copper Mines in Zambia

Constance
In a significant development, Vedanta Resources and the Zambian government have put an end to a long-standing ownership dispute by reaching an agreement that restores Vedanta’s ownership of Konkola Copper Mines (KCM). This agreement brings closure to a protracted battle that had a negative impact on investments in the region. Zambia’s Mines Minister, Paul Kabuswe, presided over the signing of the agreement between the state-owned firm ZCCM-IH and Chris Griffith, Vedanta’s Head of Base Metals, in Lusaka. The formal handover of the copper assets, which the state had seized in… Read More Here
Railway Expansion Enhances Trade and Cooperation Between Angola and Zambia 7 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Railway Expansion Enhances Trade and Cooperation Between Angola and Zambia

Constance
The expansion of the railway line from Munhango to Luau, including sections of Marco 25 to the commune of Lumbala Caquengue in Moxico, holds the promise of bolstering trade and investment between Angola and Zambia. These sentiments were expressed by the Governor of the Angolan province of Moxico, Ernesto Muangala, during the 1st Forum for Regional Cooperation and Cultural Exchange between the provinces of Moxico and Northwest Zambia, which commenced in Luena. During the forum, Robert Lihefu, the Minister of the Zambian province, emphasized the need for support infrastructures along… Read More Here
Zambia's Central Bank to Raise Minimum Mandatory Currency Reserves 8 Mining in Zambia Economy 

Zambia’s Central Bank to Raise Minimum Mandatory Currency Reserves

Constance
Zambia’s central bank has announced its intention to increase the minimum mandatory reserves of both local and foreign currency deposits that commercial banks are required to maintain with the state institution starting next week to counteract the devaluation of the local kwacha currency. The apex bank stated in a circular that it will raise the statutory reserve ratio for deposits in both local and foreign currencies by 3 percentage points to 14.5%, effective from November 13. This action is intended to alleviate ongoing pressure on the foreign exchange market and… Read More Here
Primera Gold exported 545.7 kg of Artisanal gold in October 2023 9 Artisanal mining Gold Mining in DRC 

Primera Gold exported 545.7 kg of Artisanal gold in October 2023

Constance
The company Primera Gold SA shipped 171.3 kilograms of gold from artisanal mining in the Democratic Republic of Congo (DRC) to the United Arab Emirates on October 31, 2023. This fourth and final export brought the total exports of artisanal gold captured by the Primera Gold company to 545.7 kilograms for the month of October 2023. “Primera Gold DRC SA shipped, on the last day of October, 171,324.51 grams of gold from artisanal mining to the United Arab Emirates.  This latest export brought to 545,739 grams (545.7 kg) over the… Read More Here
DRC Ministry of Hydrocarbons Defends Tender Process as Transparent, Impartial, and Competitive 10 Mining in DRC Contracts & tenders Oil & Gas Petroleum 

DRC Ministry of Hydrocarbons Defends Tender Process as Transparent, Impartial, and Competitive

Constance
An investigation by the Bureau of Investigative Journalism and Reuters revealed on Thursday (November 2) that the bidding for oil and gas blocks in the Democratic Republic of Congo was tainted by apparent preferential treatment and secret deals. According to this investigation consulted by ACTUALITE.CD, a gas block was awarded to the Canadian company Alfajiri Energy Corporate even though it does not meet the prerequisites of the law regarding Hydrocarbons. In reaction, the Congolese government, through the Ministry of Hydrocarbons, believes that this investigation of people of “bad will” has… Read More Here

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