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DRC's TFM Welcomes Inputs for 2023-2024 Farming Season 1 Mining in DRC Corporate social responsibility 

DRC’s TFM Welcomes Inputs for 2023-2024 Farming Season

Constance
Faithful to its tradition, Tenke Fungurume Mining carries out, as the rains approach, a dual activity relating to agriculture for the benefit of members of the local community.  While the collection of corn harvests is underway, TFM receives large batches of NPK 17-17-17 agricultural inputs for the new agricultural season in its concession.  The inputs received for the 2023-2024 agricultural campaign will cover an area of ​​3,605 hectares, including 3,117 ha dedicated to corn cultivation and 488 ha to bean cultivation. These inputs will be distributed to growers grouped into… Read More Here
CMOC Group Limited Reports $12.22 Billion Turnover in DRC Mines for H1 2023 2 Mining in DRC Copper Mining revenue 

CMOC Group Limited Reports $12.22 Billion Turnover in DRC Mines for H1 2023

Constance
CMOC Group Limited announces that it has recorded a turnover of 12.22 billion US dollars in its mines in the Democratic Republic of Congo (DRC) in the first half of 2023, down 5.49% year-on-year. In a press release published on Wednesday August 30, 2023, CMOC explains that these results are due to the impact of the disruption of exports of TFM copper and cobalt products and the negative evolution of the market price of phosphate products. The group says it achieved net profit attributable to parent company of USD 99.08… Read More Here
The Significance of Copper and Cobalt 3 Copper Cobalt Mining in DRC 

The Significance of Copper and Cobalt

Constance
Copper and cobalt, two metals with a rich history in the traditional metal industry, have found a new and vital role in the modern world. Beyond their conventional uses, these metals have become crucial components in the production of rechargeable batteries, which are the lifeblood of the electric vehicle (EV) and portable device industries. This shift has thrust the Democratic Republic of Congo (DRC) into the spotlight, as it contributes significantly to the global supply of both copper and cobalt. In this article, we look at the significance of copper… Read More Here
Bell Equipment Launches BETA Parts for Budget-Conscious Customers 4 International Equipment & Technology 

Bell Equipment Launches BETA Parts for Budget-Conscious Customers

Constance
Bell Equipment has unveiled Bell Equipment Trusted Alternative (BETA) Parts in a bid to provide a competitive alternative to its customers for mature Bell machines or when faced with budget constraints. The new initiative has been introduced after the company recognised a need in the market for a middle-range parts offering. “BETA Parts has been designed to bridge the gap between new Bell Parts, being our premium quality parts designed to OEM specifications and used in production, and Bell ReMan, which are major components that have been remanufactured to meet… Read More Here
DRC Nobel Peace Prize Winner Criticizes Primera Gold Contract 5 Gold Mining in DRC 

DRC Nobel Peace Prize Winner Criticizes Primera Gold Contract

Constance
The 2018 Nobel Peace Prize laureate, Dr. Denis Mukwege, strongly criticized the contract between the DRC and Primera Gold during a rally in Bukavu organized by Catholic youth on Sunday, August 27th. Addressing a crowd of mostly young people, Dr Mukwege expressed concern about the exploitation of Kivu’s resources: “It is unacceptable that a company obtains a monopoly on Kivu’s gold for a nominal fee, depriving thus the Congolese have colossal incomes.” The firm, which is said to have exported more than 3,000 kilos of gold in one half-year, the… Read More Here
Lake Kivu Gas Exploitation Hindered by Hydrocarbon Code's Silent Gas Tax Regime 6 Mining in DRC Oil & Gas 

Lake Kivu Gas Exploitation Hindered by Hydrocarbon Code’s Silent Gas Tax Regime

Constance
Lewis Yola, an expert in downstream oil and oil contract negotiations and a member of the “Congo N’est Pas à Vente” (CNPAV) coalition, believes that the lack of clarity in the hydrocarbon code regarding the tax regime specific to gas could create a deadlock in negotiations between the three companies and state representatives. This issue emerged after the Ministry of Hydrocarbons publicly announced, on January 13, 2023, the selection of three companies for the exploitation of three gas blocks in Lake Kivu. These companies include Symbion Power & Red (Makelele… Read More Here
Boss Mining and Lualaba Host Communities Sign Development Agreement 7 Mining in DRC Corporate News Corporate social responsibility 

Boss Mining and Lualaba Host Communities Sign Development Agreement

Constance
Eurasian Resources Group in Africa (ERG Africa) continues its investment in community initiatives to deliver sustainable socio-economic benefits to its 22 host communities in the province. On 26 August 2023, Boss Mining signed a Community Development Plan Agreement (Cahier des Charges) committing to support local, sustainable development initiatives – which will impact the lives of approximately 84,000 people – over the next five years. The Cahier des Charges was collaboratively developed through regular, facilitated dialogues between Boss Mining, community members, and government officials. The projects were then collectively agreed upon… Read More Here
Zambia Raises Petrol and Diesel Prices Amidst Oil Price Surge 8 Mining in Zambia Oil & Gas Petroleum 

Zambia Raises Petrol and Diesel Prices Amidst Oil Price Surge

Constance
The Zambia Energy Regulation Board (ERB) has implemented a significant increase in the prices of petrol and diesel, marking an average surge of 3 Kwacha 68 Ngwee. As a result, the cost of a liter of petrol will experience an uptick to 29 Kwacha 42 Ngwee from its previous price of 25 Kwacha 55 Ngwee, reflecting an increase of 3 Kwacha 85 Ngwee. Similarly, diesel prices will witness a rise of 3 Kwacha 52 Ngwee, leading to a new cost of 26 Kwacha 88 Ngwee per liter, up from 23… Read More Here
Mali's New Mining Code reinforces State participation 9 International Gold Mining Policy 

Mali’s New Mining Code reinforces State participation

Constance
Mali’s interim President, Assimi Goita, has promulgated a new Mining Code that will allow the military-led government to increase ownership or shareholder control of gold concessions and recover what it declares to be a large shortfall in production revenues. The new code, signed on state television on Monday night, will allow state and local investors to take up to 35 percent stakes in mining projects, up from 20 percent today, and could more than double the contribution of the sector to the Gross Domestic Product, to around 20 percent, indicated… Read More Here
DRC: Ongoing Debate Over Government Grants to Primera Sparks Controversy 10 Mining in DRC Gold Regional conflict 

DRC: Ongoing Debate Over Government Grants to Primera Sparks Controversy

Constance
The discussion surrounding the substantial benefits accorded by the Democratic Republic of Congo’s government to “Primera,” a United Arab Emirates-based company, remains unresolved, with a written inquiry from National Deputy Alfred Maisha rekindling the conversation nearly a year later. While Alfred Maisha, a representative from Bukavu Ville in South Kivu, asserts that the DRC is losing ground in this matter, the government’s perspective diverges. They view this initiative as a promising alternative to the systemic exploitation of raw materials in the eastern part of the DRC. André Wameso, Deputy Chief… Read More Here

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