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Lobito Corridor attracts interest from Investimento Global 1 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor attracts interest from Investimento Global

Constance
The Partnership for Global Infrastructure and Investment (PGII) wants to bring potential private sector investors to Angola to strengthen the agribusiness value chain in the Lobito Corridor. The interest was expressed, on Tuesday, in Luanda, by the special coordinator, Helaina Matza, during the audience granted to her by the Minister of Economy and Planning, Mário Caetano João. The meeting also served to explore all the potential investment opportunities that exist in the non-oil sector. Minister Mário Ceatano João presented the enormous potential that the country has for grain production, fertilizer… Read More Here
Special Advisor to Zambian President Tours Kansanshi Mining Operations 2 Mining in Zambia Copper 

Special Advisor to Zambian President Tours Kansanshi Mining Operations

Constance
Kansanshi Mining Plc’s Solwezi operations recently hosted Mr. Jito Kayumba, the Special Assistant and Advisor on Economic, Investment, and Development Affairs to President Hakainde Hichilema. His visit aimed to assess the progress of the Sulphide No. 3 (S3) expansion project at the mine site. During the visit, Mr. Anthony Mukutuma, General Manager of Kansanshi Mining Plc, and the Corporate Affairs Manager, guided Mr. Kayumba on a tour of the mine and project areas. A significant highlight of the tour was the commissioning of the fifth Hitachi EH4000 diesel electric dump… Read More Here
Chinese Company to Create 2,000 Jobs in Zambia with Car Battery Manufacturing Venture 3 Mining in Zambia Battery Metals 

Chinese Company to Create 2,000 Jobs in Zambia with Car Battery Manufacturing Venture

Constance
Over 2,000 employment opportunities are on the horizon for Zambians in the coming year, courtesy of the Better Technology Group, a Chinese company set to embark on the manufacturing of motor vehicle batteries at the Jiangxi Multi Facility Economic Zone in Chibombo District. According to Company President Polly Wei, the production of car batteries is scheduled to commence by May 2024. Wei revealed that the necessary equipment for the manufacturing plant will be delivered to the country by December 2023, with installation expected to be finalized by March 2024. The… Read More Here
Miguel Kashal Takes the Helm of ARSP Control at Kamoa Mining Firm 4 Mining in DRC Mining Policy 

Miguel Kashal Takes the Helm of ARSP Control at Kamoa Mining Firm

Constance
The Director General of the Subcontracting Regulatory Authority (ARSP), Miguel Kashal, made a working visit to the installations of the Kamoa mining company located on the outskirts of the town of Kolwezi, capital of the province of Lualaba.This visit is part of the ongoing mission to enforce the Law on subcontracting in the private sector and its implementing measures. For this work mission, the subcontracting policeman in the DRC was accompanied by ARSP inspectors as well as a strong delegation of subcontractors from this province. With the managers of this… Read More Here
key actions of Kibali's social commitment 5 Mining in DRC Corporate News Corporate social responsibility Gold 

key actions of Kibali’s social commitment

Constance
The 2018 Mining Code requires mining companies to develop the local communities where their mines are located. As a good student, the mining company Kibali Gold Mines does not deviate from this rule. Several achievements have been made by this mining giant in the 14 years since it was established in the Haut-Uele province. At the 50th press conference held on October 5, 2023, Mark Bristow, President and CEO of Kibali, looked back on these various achievements. First, concerning community development Here, the achievements are classified in the sector of… Read More Here
SICOMINES SA donates sewing and styling machines to the Lycée technique de la Gombe 6 Mining in DRC Corporate News Corporate social responsibility 

SICOMINES SA donates sewing and styling machines to the Lycée technique de la Gombe

Constance
The handover ceremony took place on Wednesday October 11, 2023 in the facilities of this educational establishment in the presence of the provincial coordinator of Catholic Convention Schools (ECCATH), Father Romain Nyanga, and a delegation from Sicomines SA/Kinshasa led by Grace Sasesula.  Of course, the honor fell to Mrs. Jackie Bapile, prefect of studies, to receive it on behalf of the first and main beneficiaries: her students. In her special remarks, Grace Kasesula of SICOMINES SA outlined the reason for the donation in these terms. “ As a woman, I… Read More Here
ARSP Inspectors Extend Oversight to KCC Following KAMOA and SICOMINES 7 Mining in DRC Mining Policy 

ARSP Inspectors Extend Oversight to KCC Following KAMOA and SICOMINES

Constance
The Director General of ARSP, Miguel Kashal, continues his monitoring mission within companies established in the province of Lualaba.Accompanied by the President of the FEC Lualaba, Miguel Kashal and his delegation headed towards the Kamoto Cooper Company (KCC). Well before his arrival, the visit of ARSP inspectors had been announced with a view to verifying the regularity of subcontracting activities in this company based in Kolwezi. the FEC welcomes this approach while considering that the partnership established with the ARSP will benefit entrepreneurs. “We can only applaud the initiative because… Read More Here
Sibanye-Stillwater and Implats Dismiss Concerns Over Potential Mine Closures 8 International 

Sibanye-Stillwater and Implats Dismiss Concerns Over Potential Mine Closures

Constance
South African platinum group metal (PGM) producers say they have taken steps to minimise mine closures, but they also acknowledge the downturn in prices may result in shorter mine lives or lower production. Bank of America said in a report today that PGM producers will be forced to shutdown mines, some permanently, following a heavier and swifter correction in PGM prices this year, particularly in palladium and rhodium. “We find ourselves asking how supply will respond in the face of weak prevailing prices. With cash flow under pressure at many mines,… Read More Here
MMG Kinsevere Inaugurates $600 Million Cobalt Recovery Plant in the DRC 9 Mining in DRC Battery Metals Cobalt 

MMG Kinsevere Inaugurates $600 Million Cobalt Recovery Plant in the DRC

Constance
With a production capacity of 5,000 tonnes per year, MMG Kinsevere has established a new Cobalt recovery plant as part of the $600 million Expansion Project. The mining company MMG Kinsevere, based in Upper Katanga, now boasts a new Cobalt recovery plant. This facility was inaugurated on Saturday, October 14, 2023, within the MMG site located on the Kinsevere Road in Upper Katanga, in the southeastern part of the Democratic Republic of the Congo (DRC). Several dignitaries attended the event, including Antoinette N’samba, the national Minister of Mines; Claudine Ndusi,… Read More Here
Zimbabwe Plans to Replace US Dollar by 2025, but Scepticism Abounds 10 International Economy 

Zimbabwe Plans to Replace US Dollar by 2025, but Scepticism Abounds

Constance
Zimbabwe’s largest independent asset manager predicts that the US dollar will continue to be the dominant currency in the country, even beyond the government’s December 2025 deadline to phase it out of the economy. Imara Asset Management, responsible for managing assets exceeding $100 million, noted that the dollarization of Zimbabwe’s economy is gaining momentum. This trend has been expedited due to government measures taken in July to limit the availability of the local currency in order to maintain its value. Statistics from the national statistics agency reveal that 80% of… Read More Here

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