Constance - Copperbelt Katanga Mining

Written by Constance

Mozambique Forecasts a 38.8% Decline in Ruby Output for the Year

November 4, 2023November 4, 2023 Constance

The Mozambican government has warned that the country will miss its planned ruby production target this year. Output is expected to fall by almost 40% compared to 2022, when production of the stone reached 4.4 million carats. According to a report from the Ministry of Economy and Finance on the budget execution of the first semester, which Lusa accessed today, production data for three companies show that “the planned for the year will not be achieved 2023, with a decrease of around 38.83% expected”. This decline is explained by “the… Read More Here

Copper Mining in Zambia

Jubilee Metals Group Reports Strong Q1 FY2024 Operational Performance

November 4, 2023November 4, 2023 Constance

Jubilee Metals Group PLC, a leading metals processing company with operations in Africa, has released its Q1 FY2024 operational report, showcasing robust performance and a positive outlook for the year. Operational Highlights: Chrome concentrate production in Q1 FY2024 reached 336,683 tonnes, with expectations of further growth due to additional processing capacity.Inyoni’s PGM production increased to 10,113oz, with the potential for further growth.Copper cathode and copper in concentrate production was 934 tonnes, although a project upgrade may cause disruption until December 2023.Improved safety with reduced Lost Time Frequency Injury Rates (LTFIR)… Read More Here

Mining in Zambia Battery Metals Mining in DRC Transport and Logistics

US breaths new life into the Lobito Corridor to challenge china’s Dominance for Critical minerals

November 3, 2023November 3, 2023 Constance

The United States is making a determined effort to catch up with China in a region that has become pivotal to the green transition: Africa’s “Copperbelt.” Zambia and the Democratic Republic of Congo, rich in minerals vital for battery and renewable energy production, have become the latest battleground for influence between Washington and Beijing. The Biden administration, in its pursuit of challenging China’s supremacy, has seized an opportunity to breathe new life into a century-old railway connecting crucial African mines to an Atlantic Ocean port, known as the Lobito corridor.… Read More Here

Mining in DRC Battery Metals Lithium

AVZ Minerals Seeks Emergency Arbitration Over Manono Lithium Mine Dispute

October 30, 2023October 30, 2023 Constance

AVZ Minerals announced on today October 30th its intention to file an emergency arbitration application, with the aim of obtaining injunctive relief against Cominiere. This move seeks to prevent any transaction related to the disputed Manono lithium mine in the Democratic Republic of Congo (DRC). Last week, Zijin Mining disclosed that its joint venture, Manono Lithium SAS, in which its subsidiary Jinxiang Lithium holds a 61% stake, while DRC’s state-owned Cominiere possesses the remaining interest, was granted rights over the northeast tenement of the Manono mine. AVZ Minerals is pursuing… Read More Here

International Copper

Panama to hold referendum on FQM contract, halts new projects

October 30, 2023October 30, 2023 Constance

Panama will hold a referendum in December to decide the fate of Canada’s First Quantum Minerals (TSX: FM) Cobre Panama copper mine, and has also announced a halt on new mining projects as the government tries to calm mass unrest triggered by the deal. After 10 months of negotiations between the parties, the Panamanian Congress approved on October 20 a revised operating contract for First Quantum’s flagship copper mine. The decision, which ended years of legal uncertainty and allows the company to operate for the next 20 years, was signed… Read More Here

International Copper

Panamanian protesters break into international port used by FQM

October 30, 2023October 30, 2023 Constance

On the sixth day of protests against the recent approval of the mining concession for the Cobre Panamá copper mine, activists broke into the Punta Rincón International Port, in the northern Colón province, which is used by Minera Panamá to ship copper abroad. The protesters arrived on a speedboat chanting slogans against the mine but were later escorted out by a patrol from the National Aeronaval Service. Right after the incident, which took place on Saturday, the subsidiary of Canada’s First Quantum Minerals (TSX: FM) issued a media statement deeming… Read More Here

Mining in Zambia Battery Metals Copper Mining in DRC

Standard Bank’s Strategic Investment Focus on the DRC and Zambia

October 30, 2023October 30, 2023 Constance

Standard Bank, a prominent South African financial institution, is setting its sights on the Democratic Republic of Congo (DRC) as a significant investment destination due to the country’s ownership of critical minerals for the energy transition, according to reports by News24. Kenny Fihla, the CEO of Standard Bank’s corporate and investment banking (CIB) unit, emphasized that their interest goes beyond renewable energy projects. It extends to the sources of minerals essential for driving the global energy transition. Fihla noted, “It’s not just about renewable energy projects; it’s about where the… Read More Here

Mining in DRC Governance Mining Policy

COMMUS SAS under the control of ARSP inspectors

October 27, 2023October 27, 2023 Constance

At the head of a strong delegation of subcontractors, the Director General of ARSP, Miguel Kashal, carried out a raid on the facilities of the company COMMUS SAS located in the province of Lualaba. Here, he deplored the conditions in which this mining company operates on the issue of subcontracting.During the visit, Miguel Kashal made several observations on the case of COMMUS, a company with Chinese capital, in order to realize the vision of the Head of State on the emergence of the true middle class through subcontracting. According to… Read More Here

Mining in DRC Battery Metals Cobalt Events & Expos Lithium Nickel

DRC Prime Minister Calls for EU Aid Against Illicit Mineral Exploitation at Global Gateway 2023 Forum

October 27, 2023October 27, 2023 Constance

Prime Minister Jean-Michel Sama Lukonde has successfully concluded his visit to Brussels, Belgium, where he represented the President of the Democratic Republic of Congo, Félix Antoine Tshisekedi Tshilombo, at the Global Gateway Forum held on October 25 and 26, 2023. His mission was to engage European private investors and encourage their participation in the development of the Democratic Republic of Congo, focusing on digital, energy, and ecological transitions. During the forum, the Prime Minister played a pivotal role in addressing significant development issues and formalizing agreements. He shared a summary… Read More Here