Constance - Copperbelt Katanga Mining

Written by Constance

Zambia’s Minister of Mines Highlights Commitment to Sustainable Exploration & Mining

November 6, 2023November 6, 2023 Constance

Zambia, like many countries, is navigating the transition towards a more sustainable and environmentally conscious future. In this context, the demand for critical minerals is anticipated to increase. To address this forthcoming shift, the Zambian government has undertaken a series of policy adaptations aimed at fostering a sustainable mining industry. This commitment was delivered in a speech by Gerald Mwila, representing Hon. Paul C. Kabuswe, Minister of Mines and Mineral Resources, during the 16th Annual Explorer’s Forum. The forum was held under the theme “Improving Exploration to Develop Sustainable Mining… Read More Here

Gold Corporate News

Barrick Sustains Progress with Key Projects and Achieves Improved Production and Efficiency in Latest Quarter

November 6, 2023November 6, 2023 Constance

Barrick’s Q3 results showed improved production at lower costs and confirmed its long term growth forecast. President and chief executive Mark Bristow said the Q3 performance was an improvement on the previous quarter’s and Q4 is expected to be better. Despite the projected second half improvement, gold production is forecast to be marginally below the low end of our annual guidance range. Copper is comfortably on track to meet its guidance for production and costs. Gold production in Q3 was higher than Q2 driven by improved performances at Cortez, Turquoise… Read More Here

Mining in DRC Artisanal mining Copper Diamond Gold

CAMI Director General Meets with Mines Minister to Discuss North Ubangi Artisanal Mining Zones

November 6, 2023November 6, 2023 Constance

The Director General of the mining cadastre (CAMI) Popol Mabolia Yenga, was received on Wednesday, November 1 by the Minister of Mines Antoinette Nsamba Kalambayi. The exchanges between these two personalities revolved around the issue of creating artisanal mining zones in the North Ubangi province. After intense lobbying by the new Director General of CAMI, it appears that the head of Mines has signed 8 ministerial decrees which, according to the communications unit, aim at the formal organization of the mining sector in this jurisdiction. One problem among many others… Read More Here

Mining in DRC Cobalt Copper

DRC’s Glencore Reports Impressive 18% Surge in Copper Production for Q4 2022

November 6, 2023November 6, 2023 Constance

Glencore, one of the world’s leading copper producers, announced that it would produce 220,000 tonnes of copper in 2022. Present in the three largest producing countries of the red metal, namely Chile, Peru and the DRC, the Swiss raw materials giant Glencore communicated its 2022 statistics in an activity report published on October 30, 2023. The report indicates that during the period under review, Glencore’s Congolese mines delivered 68,900 tonnes of copper, up 18% from the second quarter. This performance, the best since the start of the year, brings its… Read More Here

Battery Metals Mining in DRC

DRC Sets Sights on Ambitious Electric Vehicle Industry: Minister Paluku Reveals 10-15 Year Plan for Battery Production

November 5, 2023November 6, 2023 Constance

Julien Paluku, the Minister of Industry in the Democratic Republic of Congo (DRC), stated that it may require a period of 10 to 15 years to manufacture batteries and electric vehicles. This statement was made in response to inquiries about establishing the electric vehicle battery value chain in the DRC. The goal of creating this value chain was a central focus for the DRC’s participation in the Global Gateway forum held in Brussels from October 25 to 26. The forum, organized by the European Union, saw Prime Minister Jean Michel… Read More Here

Mining in DRC Governance

ARSP popularizes the Law on subcontracting in the private sector in Kwilu

November 4, 2023November 4, 2023 Constance

The law on subcontracting in the private sector must be known and applied by everyone throughout the Democratic Republic of Congo. It is in this context that the number 2 of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Georgine Madiko, blocked a stay in Kikwit, capital of the province of Kwilu. She had to raise awareness among the population about the importance of this law in the economic life of the country. Two objectives were assigned to this mission in Kwilu: First, to raise awareness of the… Read More Here

Mining in DRC Governance Mining Policy

Félix Tshisekedi salutes the prowess of Miguel Kashal of the ARSP

November 4, 2023November 4, 2023 Constance

The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, expressed his satisfaction with the work carried out by the Regulatory Authority for Subcontracting in the Private Sector (ARSP) headed by Miguel Kashal Katemb. Félix Tshisekedi said this on October 30, 2023, during an evening in honor of young Congolese entrepreneurs called “Meet the President” at the Cité de l’Union Africaine in Kinshasa. In just ten months of work, the ARSP has recorded several actions followed by concrete results. This includes ongoing uncompromising monitoring. An action which made it possible to… Read More Here

Mining in DRC Corporate News

Resource Matters Calls for Accountability in Gécamines Tax Advances Scandal

November 4, 2023November 4, 2023 Constance

Resource Matters, a civil society organization, has issued a press release on November 1, 2023, calling on the Court of Auditors and the courts to broaden their investigation into the disappearance of hundreds of millions of USD in tax advances from Gécamines, a state-owned mining company. The organization commends the Court of Auditors for revisiting the case of missing Gécamines funds, particularly the 25.5 million USD presumed to have been embezzled by Mr. Albert Yuma, the former Chairman of Gécamines, and Deogratias Mutombo, the former Governor of the Central Bank… Read More Here

Mining in DRC Mining Personality

Leadership Transition at Mutanda Mining Signals a New Era

November 4, 2023November 4, 2023 Constance

Christian Luhembwe, who held the position of General Manager at Mutanda Mining (MUMI SPRL), a major mining company in Haut-Katanga, has officially resigned from his key role as of November 3, 2023, according to a press release issued on the same day. In the press release, the management of MUMI SPRL emphasized that leadership changes are a common occurrence in the business world and clarified that they accepted Christian’s resignation due to his pursuit of new projects, effective immediately. MUMI management promptly disclosed the name of Christian Luhembwe’s successor. Mark… Read More Here

Mining in DRC

Youth League Demands Resignation Over Embezzlement Allegations at Gécamines

November 4, 2023November 4, 2023 Constance

In a spirited protest organized in Lubumbashi, Haut-Katanga province, on October 31, 2023, the UDPS Youth League of the Lubumbashi 2 Federation voiced a strong demand for the resignation of Mr. Guy-Robert Lukama, Chairman of the Board of Directors of Gécamines, and Mr. Léon Mwine, a member of the Board of Directors. The accusations against them include embezzlement and the appropriation of excessive social benefits at the expense of employees and the company. The President of the UDPS Youth League, Tshim Tshibaka, read out the statement, which demanded the immediate… Read More Here