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AVZ Minerals Shareholders to Appoint New Directors in Bid to Restore Trust 1 Mining in DRC Lithium Mining Personality 

AVZ Minerals Shareholders to Appoint New Directors in Bid to Restore Trust

Constance
AVZ Minerals shareholders are set to convene at a General Meeting on November 23 to appoint three directors, with the primary objective of rebuilding trust with the Congolese Government and all stakeholders involved in the “Manono lithium” project. The relationship between AVZ and government entities in the Democratic Republic of Congo (DRC) has soured significantly, six years after the Australian company, via its subsidiary AVZ INTERNATIONAL PTY LTD, acquired approximately 60% of the shares in “DATHCOM MINING.” This project aimed to raise funds for feasibility studies before the exploitation phase… Read More Here
Mongolian Artisanal Miners receive Trained in Health, Safety, and Rescue Operations 2 International Artisanal mining Gold 

Mongolian Artisanal Miners receive Trained in Health, Safety, and Rescue Operations

Constance
In an effort to enhance the well-being and safety of artisanal and small-scale miners (ASM) in Mongolia, the planetGOLD Mongolia project joined forces with the Emergency Management Division (EMD) of Mandal soum, Selenge province, Mongolia, for a comprehensive two-day training program on August 29 and 30, 2023. The training aimed to equip ASM miners with essential knowledge in operational health and safety, ASM sector legislation, risk mitigation, and rescue operations. Day One: Building a Foundation The first day of training saw a multi-faceted approach to equipping miners with the necessary… Read More Here
Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity? 3 Lithium Battery Metals Copper Gold Mining in DRC 

Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity?

Constance
Africa holds 30-75% of the world’s reserves of lithium, phosphate, copper, chrome, manganese, gold, platinum, diamonds, and aluminum. Some of these minerals, such as lithium, are essential for what is known as the energy transition, the shift from an economy based on gas and oil to one based on renewable sources. Zimbabwe possesses the largest lithium reserves in Africa, which are also the fifth-largest in the world. In 2018, Zimbabwe and Namibia were among the top ten global lithium producers. Zimbabwe is expected to meet 20% of the global demand… Read More Here
DRC Cancels Mining rights for 29 Companies 4 Mining in DRC Battery Metals Copper Mining Policy 

DRC Cancels Mining rights for 29 Companies

Constance
On the date of the issuance of the decree, July 31st, by Michel Kibonge Nyekuma, the Chief of Staff of the Minister of Mines, several of these companies had not yet signed their memorandum of understanding. Twenty-nine mining companies, including Cico, Cilu, Congolaise de Mines et du Développement (Comide), Boss Mining, Ruashi Mining, PPC Barnet, and Chemaf, owned by Congolese, German, Kazakh, Chinese, Indian, South African, and Australian groups, have had their mining rights canceled by the government of the Democratic Republic of Congo (DRC). As of the date of… Read More Here
CMOC Group Expands Copper Production in the DRC 5 Mining in DRC Copper 

CMOC Group Expands Copper Production in the DRC

Constance
CMOC Group, a Chinese mining company, has revealed its ambitious plans to boost copper production in the Democratic Republic of Congo (DRC) to 600,000 metric tons in the upcoming year. This significant development follows a recent resolution of a long-standing dispute with the state-mining entity, Gecamines, and marks a positive turning point for the company. CMOC Group is actively increasing its production output at the Tenke Fungurume Mining (TFM) facility, where copper and cobalt exports had faced a ban until May this year due to a protracted disagreement with Gecamines,… Read More Here
DRC Gold Prices Surge: One Gram Now Valued at $62.19 USD This Week 6 Mining in DRC Cobalt Copper Gold 

DRC Gold Prices Surge: One Gram Now Valued at $62.19 USD This Week

Constance
After copper and cobalt, the Democratic Republic of Congo also wants to focus on gold ore to increase its public revenue. On the international markets, gold should experience a significant price increase during this week, inform the projections of the National Commission of Mercurial Prices of the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC). A gram of gold is expected to trade at USD 62.19 this week compared to USD 61.31 per gram last week. From one week to one, this ore should record an increase… Read More Here
DRC Achieves 215.7 Billion CDF in Oil Revenue Mobilization by July 31, 2023 7 Mining in DRC Oil & Gas 

DRC Achieves 215.7 Billion CDF in Oil Revenue Mobilization by July 31, 2023

Constance
The oil revenues mobilized by the financial authorities of the Democratic Republic of Congo (DRC), as of July 31, 2023, are estimated at 215.7 billion Congolese Francs (CDF), i.e. nearly 106.7 million USD at the average budget rate of 2021 CDF for one US dollar. This is according to the public sector cash flow plan for the first two quarters of the 2023 budget year published by the Ministry of Finance on August 5, 2023. According to this document, the expected amount of oil revenue from producers was set at… Read More Here
UK Drops Corruption Charges Against Eurasian Natural Resources Corp in DRC Mining Case 8 Mining in DRC Cobalt Copper Mining in Zambia 

UK Drops Corruption Charges Against Eurasian Natural Resources Corp in DRC Mining Case

Constance
In 2013, the United Kingdom initiated a corruption investigation into a subsidiary of Eurasian Resources Group operating in the Democratic Republic of Congo (DRC). The company in question, Eurasian Natural Resources Corporation (ENRC), was accused of offering bribes to secure mining contracts in the DRC. This is according to an update published on August 24, 2023. and the UK’s Serious Fraud Office has officially concluded its decade-long investigation into ENRC, which is now under the ownership of Eurasian Resources Group. According to the Serious Fraud Office’s recent announcement, the agency… Read More Here
Lobito Corridor attracts new companies 9 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor attracts new companies

Constance
Lobito Atlantic Railway (LAR), the consortium that, in July, won the tender for the concession of railway and logistics services for the Lobito Corridor, stated that it was satisfied with the expressions of interest from the main mining companies located along the route which, Leaving from the Angolan coast, it serves the Democratic Republic of Congo (DRC) and Zambia. “We are very pleased with the various expressions of interest from the main companies in Minas Gerais, which recognize the benefits of this new logistics route made available to them”, reads… Read More Here
DRC urged to apply past lessons for Sustainable Battery Mineral extraction 10 Mining in DRC Battery Metals Environment Social Governance (ESG) 

DRC urged to apply past lessons for Sustainable Battery Mineral extraction

Constance
In the pursuit of battery minerals across the Democratic Republic of Congo (DRC) and other African nations, the mining industry is being urged to apply past lessons to ensure sustainability and positive local impact. Vis Reddy, Chairman of SRK Consulting South Africa, has highlighted the progress made in international best practices, particularly in community engagement. In response to these challenges and opportunities, SRK Consulting (SRK) will have representatives from its DRC, South Africa, and China branches attending the upcoming DRC Battery Metal Forum in Kinshasa, where these crucial topics will… Read More Here

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