Constance - Copperbelt Katanga Mining

Written by Constance

ARSP grants a 30-day grace period to Deregistered subcontracting companies

September 29, 2023September 29, 2023 Constance

After the sanctions taken by the Regulatory Authority for Subcontracting in the Private Sector (ARSP), a grace period of thirty (30) working days was granted to subcontracting companies in order to comply with the provisions of the Law in force. According to the Director General of the ARSP, Miguel Kashal Katemb, the contracts already signed by the 1,200 companies concerned will be automatically void if the deadline is exceeded, in accordance with article 28 of the Law establishing rules applicable to the subcontracting in the private sector. This article provides sanctions… Read More Here

EU Nurtures Partnerships with DRC and Zambia to Secure Critical Materials

September 28, 2023September 28, 2023 Constance

The European Union (EU) is working on partnerships with the Democratic Republic of Congo (DRC) and Zambia to strengthen local industries in the face of growing competition with China for essential resources in the green and digital sectors. A forthcoming memorandum of understanding will signify the EU’s support for cultivating local value chains, especially since a significant portion of critical material processing, such as lithium and cobalt, currently occurs in China. The EU’s objective is to diversify the suppliers of crucial resources and counter China’s substantial infrastructure investments in regions… Read More Here

International Gold

Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada

September 28, 2023September 28, 2023 Constance

Barrick Gold Corporation yesterday September 27th welcomed Nevada Governor Joe Lombardo and members of his economic team as part of the governor’s two-day trade mission to Canada. Canada is Nevada’s largest trading partner and Barrick is the largest Canadian company operating in Nevada through Nevada Gold Mines (NGM), the world’s biggest gold mining complex. Barrick is one of the highest taxpayers in the state, as well as one of Nevada’s biggest employers with a workforce of over 12,000 employees and contractors. Barrick president and chief executive Mark Bristow said the… Read More Here

Mining in DRC Economy

DRC Prime Minister and Chinese Economic Council VP Foster Cooperation

September 28, 2023September 28, 2023 Constance

The Prime Minister of the Democratic Republic of Congo (DRC), Jean-Michel Sama Lukonde, welcomed a delegation from China led by Shang Fulin, the Vice-President of China’s Economic and Social Council. This visit, part of Shang Fulin’s participation in the General Assembly of the Union of Economic and Social Councils of Africa (UCESA), underscores the growing partnership between the two nations. Following discussions, Shang Fulin expressed the delegation’s commitment to enhancing Sino-Congolese friendship and cooperation. He highlighted the fruitful exchange of ideas and the consensus reached during their meeting. The focus… Read More Here

Mining in Zambia Transport and Logistics

European Investment Bank Shows Interest in Financing Zambia-Lobito Railway Line

September 28, 2023September 28, 2023 Constance

The European Investment Bank (EIB) has shown keen interest in providing financial support for the Zambia-Lobito railway line project. EIB’s Vice President, Thomas Ostros, recently expressed the bank’s commitment to the initiative, pending the completion of feasibility studies by the Africa Development Bank (AfDB). During a closed-door meeting with Zambia’s President, Hakainde Hichilema, Mr. Ostros shared his optimism about the Zambia-Lobito railway project, emphasizing its viability and the potential for EIB involvement. The project, which aims to establish a railway connection between Zambia and Lobito, Angola, holds strategic importance for… Read More Here

Copper Economy Mining in Zambia

China’s CNMC Announces $1.3 Billion Investment in Zambia Across Diverse Sectors

September 27, 2023September 27, 2023 Constance

China Non-Ferrous Metals Mining Group Company (CNMC) has unveiled plans to inject an additional $1.3 billion into Zambia over the next five years, spanning multiple economic sectors. CNMC Chairman, Xi Zheng Ping, detailed the allocation of these investments, emphasizing their commitment to Zambia’s growth. By the end of 2025, CNMC aims to have contributed $650 million to the country’s economy. The substantial investment portfolio includes a $400 million commitment to the Chambeshi copper mine project and $600 million earmarked for the reopening of the number 28 shafts at the Luanshya… Read More Here

Mining in DRC Cobalt Electricity Mining in Zambia

DRC Sets Sights on Electric Battery Value Chain in Global EV Market

September 27, 2023September 27, 2023 Constance

The Democratic Republic of Congo (DRC) is poised to become a key player in the global electric vehicle (EV) market, with projections indicating a substantial growth from $370.86 billion in 2021 to a staggering $1,298.32 billion by 2027, according to Bloomberg. To solidify its position, the DRC recently hosted a workshop on electric battery value chains, in collaboration with the Congolese Battery Council (CCB) and the US Department of State. Minister Nicolas Kazadi stressed the importance of a cross-border and regional approach, highlighting the need for cooperation with neighboring countries… Read More Here

Mining in DRC Battery Metals Cobalt

Cobalt Prices Slide in 2023 in DRC, Posing Climate Change Challenge

September 27, 2023October 1, 2023 Constance

Since the start of the current year (2023), the price of cobalt, a strategic mineral for the fight against climate change, has continued to fall on international markets. This mineral, highly coveted in particular by automobile manufacturers, should once again experience a drop in price during the period from September 25 to 30, 2023, inform experts from the National Mercurial Commission of the Ministry of Foreign Trade of the Democratic Republic of Congo ( DRC). According to the source, a tonne of cobalt should trade at USD 32,731.00 this week… Read More Here

Mining in Zambia Copper

FQM Enlists MESC for Kansanshi Copper Off-Gas Recovery Plant

September 26, 2023September 26, 2023 Constance

Global copper company First Quantum Minerals Ltd has contracted with MECS Inc, a subsidiary of Elessent Clean Technologies, for the Kansanshi Smelter Expansion at the Kansanshi Mine in Solwezi, Zambia. The MECS scope will include a redesign of the existing sulphur-burning sulphuric acid plant into a copper smelter off-gas recovery sulphuric acid plant. This transition to a copper smelter off-gas recovery acid plant will enable First Quantum to reduce emissions from the existing copper smelter, increase production at the mine, and supply more copper to the global market which will… Read More Here

International Copper

Panama union workers block highways over FQM contract

September 26, 2023September 26, 2023 Constance

Panama’s construction workers’ union blocked highways and marched on congress on Monday to demand that lawmakers reject a contract with Canadian miner First Quantum Minerals. Union leader Saul Mendez said the contract violates national sovereignty by granting the company control of land, air and maritime space and does not do enough to protect workers’ rights. The contract is under discussion in Panama’s legislative commerce committee, which has been holding informative meetings with affected communities over the past two weeks. The contract will require three votes in the legislative assembly before becoming law. President Laurentino Cortizo said over the… Read More Here