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DRC: Kibali Completes 7 out of 11 Projects Worth $8.9 Million 1 Mining in DRC Gold 

DRC: Kibali Completes 7 out of 11 Projects Worth $8.9 Million

Constance
The mining operator, Kibali, has successfully completed 7 out of the 11 projects specified, with a total estimated cost of $8.9 million to be disbursed over the next five years. Mark Bristow, President and CEO of Barrick, made this announcement during the final press conference of 2023 on October 5th. Bristow emphasized the transformative impact of responsible mining on the economies of underdeveloped and developing nations. He highlighted the importance of strong partnerships between mining operators and governments in benefiting all stakeholders, especially host countries and their communities. Regarding the… Read More Here
Zambia Becomes Sixth African Nation to Access SpaceX's Starlink Internet 2 Mining in Zambia Technology & Innovation 

Zambia Becomes Sixth African Nation to Access SpaceX’s Starlink Internet

Constance
SpaceX has officially launched its Starlink satellite internet service in Zambia, making it the sixth country in Africa to receive the high-speed, uncapped service. Residents can now place orders for their Starlink kits directly on the company’s website. Starlink uses a constellation of thousands of satellites in low Earth orbit to provide internet access to users around the world. The service is particularly well-suited for rural and underserved areas, where traditional internet infrastructure is often lacking. Starlink is available in Zambia in limited areas, but the company plans to expand… Read More Here
Kenya Proposes Comprehensive Mining Act Reform to Boost Industry Growth 3 International Battery Metals 

Kenya Proposes Comprehensive Mining Act Reform to Boost Industry Growth

Constance
Kenya’s parliament has put forward a series of reforms aimed at revitalizing the country’s mining sector, building stronger government control, and overseeing critical minerals. These proposals, introduced in October, seek to modernize the existing Mining Act of 2016. One of the key reforms involves the establishment of a Mining Regulatory Authority. This authority will play a pivotal role in supervising every aspect of the critical minerals value chain, spanning exploration, extraction, production, processing, refining, transportation, storage, importation, and sale. Traditionally, the government has provided advisory support to the mineral industry.… Read More Here
Exxaro Explores Copper Opportunities in Congo, Zambia, and Botswana 4 Mining in Zambia Coal Copper Mining in DRC 

Exxaro Explores Copper Opportunities in Congo, Zambia, and Botswana

Constance
Exxaro Resources, primarily a Johannesburg-based coal producer, is actively seeking opportunities to diversify its portfolio by entering the lucrative markets of copper and manganese in Africa’s resource-rich regions. CEO Nombasa Tsengwa has outlined the company’s interest in copper assets located in Botswana, Zambia, and the Democratic Republic of Congo (DRC), which happens to be the continent’s leading copper producer. Additionally, Exxaro is exploring manganese assets within its home country. Although Exxaro has not yet identified specific acquisition targets, Tsengwa acknowledges the rising premiums associated with copper assets. As a result,… Read More Here
Emeralds and rubies continue to give Southern Africa exceptional gemstone hues 5 Mining in Zambia Emeralds Gemstones 

Emeralds and rubies continue to give Southern Africa exceptional gemstone hues

Constance
Southern Africa continues to dazzle the world with its stunning gemstones, as the lush green emeralds of Zambia and the fiery red rubies of Mozambique paint a vibrant picture of the region’s rich mineral wealth. Zambia’s emeralds, some of the oldest on our planet, owe their mesmerizing green hue to a geological dance that unfolded over 500 million years ago. The intricate interplay of beryllium, chromium, and vanadium during their formation is what bestows these emeralds with their vivid and alluring color. Meanwhile, Mozambique boasts a bountiful treasure trove of… Read More Here
Sibanye Stillwater Sees Opportunity in Mopani Copper Mines Investment 6 Mining in Zambia Battery Metals Copper 

Sibanye Stillwater Sees Opportunity in Mopani Copper Mines Investment

Constance
Sibanye Stillwater, a contender among investors vying to acquire Mopani Copper Mines, has emphasized that the required funds for expanding production and ensuring profitable operation of the Zambian assets are not exorbitant. The South African precious metals producer, headquartered in Johannesburg, has secured a place on the shortlist of potential buyers for the copper mines owned by a Zambian government subsidiary. The future owner of Mopani is expected to make substantial investments aimed at increasing copper production to approximately 200,000 tons per year by 2027. According to Neal Froneman, CEO… Read More Here
UAE Economy Sees 4-Year High in Business Demand Among BRICS 7 International Economy 

UAE Economy Sees 4-Year High in Business Demand Among BRICS

Constance
Following its inclusion in the BRICS alliance, the United Arab Emirates’ (UAE) economic strength has led to its non-oil business demand reaching a 4-year high. Indeed, the country has noted an immense increase in its overall business operations, reflected in new orders. The S&P Purchasing Managers Index has shown the nation’s PMI to reach 56.7 for September. Moreover, that figure has increased compared to the 55 PMi that was tracked in August. The increase has been attributed to the overall economic health and pricing that the country has noted. The BRICS economic… Read More Here
Zambia Police Impound 60 Tonnes of Suspected Sugilite in Luapula Province Operation 8 Mining in Zambia Precious Metals 

Zambia Police Impound 60 Tonnes of Suspected Sugilite in Luapula Province Operation

Constance
In a significant operation in Mansa district of Luapula Province, the local police have made a breakthrough in combating illegal mining activities. Acting on intelligence information, law enforcement agents apprehended a total of 20 individuals linked to the illicit extraction of suspected Sugilite ore. The operation, which took place on October 3, 2023, between 17:00 and 22:00 hours, saw the impoundment of crucial equipment and vehicles believed to be involved in the illegal mining operation. Among the impounded assets were a tipper truck carrying suspected Sugilite mineral ore, a Toyota… Read More Here
Lualaba Province Contributes to Nearly 60% of DRC's Mining Revenues 9 Mining in DRC Mining revenue 

Lualaba Province Contributes to Nearly 60% of DRC’s Mining Revenues

Constance
The first panel discussion at the Concrete Expo, held at the Musompo Trading Center in Lualaba province on October 3, 2023, focused on the contributions of mining taxation and the construction sector to the province’s development. Mathieu Kazembe Swana Ilunga, the Provincial Minister of Budget and Planning, emphasized the crucial role of taxes in funding essential public services such as roads, hospitals, and schools. He highlighted several significant projects in the province that were made possible through tax revenue, including the construction of the Kolwezi airport, schools, and hospitals. Kazembe… Read More Here
Ivanhoe Mines Records 103,947 Tonnes of Copper Production in Q3-2023 at Kamoa Copper Complex 10 Mining in DRC New Mining Projects Underground Mining 

Ivanhoe Mines Records 103,947 Tonnes of Copper Production in Q3-2023 at Kamoa Copper Complex

Constance
Ivanhoe Mines reports record quarterly production of 103,947 tonnes from Kamoa-Kakula Copper Complex for Q3 2023 Kamoa-Kakula milled 2.24 million tonnes of ore during the quarter at an average grade of 5.55% copper Kamoa-Kakula has produced 301,336 tonnes copper year-to-date, well on track to achieve 2023 guidance Phase 3 concentrator, smelter and hydropower project on schedule for Q4 2024 start Kamoa 1 and Kansoko underground access tunnels successfully connected for Phase 3 mining Ivanhoe Mines to issue Q3 2023 financial results and host conference call for investors on November 6 Ivanhoe Mines launches… Read More Here

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