Constance - Copperbelt Katanga Mining

Written by Constance

Barrick’s Embedded Growth Projects to Drive Value With 30% Rise in Production

September 13, 2023September 13, 2023 Constance

With the potential embedded in its growth project portfolio, Barrick plans to double its copper production by the end of the decade and continue to increase it to an estimated 1 billion pounds or 450,000 tonnes of copper per annum by 2031, says president and chief executive Mark Bristow. Speaking to investors on an update call, Bristow said this substantial growth in copper production combined with the output from Barrick’s sector-leading gold portfolio was expected to increase the group’s attributable production by some 30% to 6.8 million gold-equivalent ounces by… Read More Here

Transport and Logistics International

China and Algeria Embark on 6,000km Railway Project

September 13, 2023September 13, 2023 Constance

China and Algeria have forged a substantial collaboration aimed at building a network of railway lines spanning 6,000Km across North Africa. Algerian President Abdelmadjid Tebboune has hailed this as a critical step towards propelling Algeria’s socioeconomic development. The project is part of the two countries’ greater collaboration under the Belt and Road Initiative. The railway project, which will be supported by Chinese technical experience and building capability, will connect all towns and regions in Algeria. President Tebboune stressed the need for railroad infrastructure development as the “best guarantee of development.” The… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia Partnership

Lobito Corridor Secures Support from U.S.-EU Partnership

September 13, 2023September 13, 2023 Constance

The U.S. and the European Union (EU) have formed a partnership to provide technical and financial support for the development of the Lobito Corridor in southern Africa amid efforts by the country and bloc to stimulate investment in strategic infrastructure corridors worldwide. Through the partnership, the U.S. and EU will work collaboratively with Lobito Corridor host countries Angola, Zambia and the Democratic Republic of the Congo (DRC) to upgrade critical infrastructure and unlock economic benefits for the countries. The Lobito Corridor is a transregional infrastructure project connecting southern DRC and… Read More Here

International Transport and Logistics

South African mines get a faster route to Mozambique port

September 11, 2023September 11, 2023 Constance

South Africa’s mining companies, losing out on billions of dollars in sales due to logistics bottlenecks, could soon have a quicker route to ports in neighboring Mozambique. The Logistics Co (TLC), indirectly owned by Old Mutual’s African Infrastructure Investment Managers, plans to open a trucks-only crossing at Komatipoort, just north of South Africa’s main Lebombo entry point into Mozambique. The project involves upgrading an existing service road along a railway line, and building a truck staging facility that will have customs and immigration offices on the outskirts of the town… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

US and EU Rally Behind Lobito Corridor Project for Trade Enhancement

September 10, 2023September 10, 2023 Constance

The United States and the European Union have expressed their support for the development of the Lobito Corridor, a collaborative effort between Zambia, Angola, and the Democratic Republic of Congo aimed at promoting trade. In a joint statement released by the USA and the EU, they commended the recent commitment made by Angola, Zambia, and the Democratic Republic of Congo regarding the project. This announcement was made during the G20 Summit’s Partnership for Global Infrastructure and Investment event in India. As detailed on the White House website, the European Union… Read More Here

Mining in Zambia Copper

Zambia’s Govt Advocates Local Sourcing to Empower Mining Communities

September 10, 2023September 10, 2023 Constance

The Zambian government has acknowledged the enduring challenges confronting mining communities and believes that these issues can be effectively addressed if mining companies prioritize sourcing services and supplies locally. Minister of Mines, PAUL KABUSWE, emphasized that these communities have long been deprived of the full benefits of their natural resources. He expressed the government’s commitment to curbing the widespread outflow of resources and opportunities away from local communities. Addressing the 2023 Mining Local Content Conference in Kitwe, Mr. KABUSWE, through Copperbelt Deputy Permanent Secretary DANIEL KAMENGA, highlighted the positive impact… Read More Here

Copper International

First Quantum Reaches Agreement with Panama Copper Mine Union

September 10, 2023September 10, 2023 Constance

Canadian copper producer First Quantum Minerals Ltd. faces the threat of a strike at its flagship mine in Panama this weekend if union leaders and company representatives can’t agree on a wage contract for workers at the massive operation. Negotiators are in the final day of salary talks with workers at the Cobre Panama mine, but are “stuck” on some of the details related to wage adjustment and bonuses, union leader Michael Camacho said Friday in text messages. He said a strike will begin after midday on Saturday if negotiators… Read More Here

Copper Cobalt International Lithium Mining in DRC

US and Saudi Arabia Discuss African Metal Deals

September 10, 2023September 10, 2023 Constance

The United States and Saudi Arabia are reportedly in discussions to secure vital metals from African sources as part of their energy transition efforts, according to sources cited by the Wall Street Journal. A Saudi state-backed venture is exploring the acquisition of mining stakes valued at $15 billion in African nations like the Democratic Republic of Congo, Guinea, and Namibia. This arrangement would grant US companies the option to purchase a portion of the production. This development comes as the US races to compete with China for access to cobalt,… Read More Here

Mining in DRC Battery Metals Lithium

Glencore Boosts DRC Presence in Ambitious Lithium Expansion Move

September 10, 2023September 10, 2023 Constance

Glencore plans to increase its exposure to the Democratic Republic of Congo to source metals vital to electric car batteries, as the commodity trading giant seeks to expand in the rapidly growing market. Glencore is making its first-ever investment in a lithium mine in the central African nation after agreeing a deal with Tantalex, a Toronto-listed group exploring for lithium in the DRC. The deal will see London-listed Glencore provide up to $55mn to Tantalex in three stages, in return for getting the rights to sell lithium from Tantalex’s Manono tailings project… Read More Here

Mining in Zambia Cobalt Copper Mining in DRC Nickel

Japan and UK to Jointly Invest in African Critical Minerals for Supply Chain Stability

September 10, 2023September 10, 2023 Constance

Japan and the UK have unveiled plans for joint investments in critical minerals in Africa, aiming to enhance the stability of their supply chains originating from the continent. This collaboration includes efforts to develop mines in African nations and establish a framework for discussing economic security at the ministerial level. The two countries intend to acquire mining sites and develop refining facilities while partnering with mineral-rich African nations to diversify their sources of supply. Japan, heavily dependent on China for crucial minerals like cobalt and nickel, is actively seeking partnerships… Read More Here