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Felix Tshisekedi Contracts Mining in DRC Economy Governance 

DRC President satisfied with Government’s efforts to support local entrepreneurship

Constance
There are more and more public establishments dedicated to supporting entrepreneurship, particularly national micro-entrepreneurs in the Democratic Republic of Congo (DRC). The President of the Republic, Félix Tshisekedi, expressed his satisfaction with the efforts undertakenby the Government in the operationalization of public establishments dedicated to supporting local entrepreneurship, in particular national micro-entrepreneurs. During the meeting of the Council of Ministers held on Friday August 25, 2023, President Félix Tshisekedi indicated that the establishment of these structures dedicated to the promotion of entrepreneurship is in line with his desire to contribute… Read More Here
Copper to Trade Slightly Up at US8,269.60/Tonne This Week in DRC 1 Copper Economy Mining in DRC 

Copper to Trade Slightly Up at US8,269.60/Tonne This Week in DRC

Constance
After several weeks of scarcity, the price of copper should register a slight increase during the period from August 28 to September 2, 2023. According to projections by the National Mercurial Commission of the Ministry of Foreign Trade, a ton of copper should sell this week at 8,269.60 USD against 8,232.45 USD a week earlier, a positive price difference. around $37.15. On Friday August 25, 2023, for the first time since the beginning of the current month, copper recorded a better trend in the market, driven by hopes of a… Read More Here
Tin Prices to Hit USD 25,430.00 per Tonne in DRC This Week 2 Mining in DRC Cobalt Copper Economy Tin 

Tin Prices to Hit USD 25,430.00 per Tonne in DRC This Week

Constance
The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward during the period from August 28 to September 2, 2023 on international markets. According to experts from the National Mercurial Commission of the Ministry of Foreign Trade, only copper and silver should experience a slight price increase respectively to 8,269.60 USD against 8,232.45 USD per tonne a week earlier, i.e. a positive price difference of around 37.15 USD for copper and 0.75 USD against 0.74 USD per gram for silver ore. In addition, tin… Read More Here
Xi Jinping's visit to South Africa builds new consensus on South-South cooperation 3 International Economy 

Xi Jinping’s visit to South Africa builds new consensus on South-South cooperation

Constance
Chinese President Xi Jinping’s trip to South Africa has strengthened the traditional friendship between China and Africa.  At the same time, it has built a new consensus on South-South cooperation and added positive energy to peace and development. At least that’s what Wang Yi, member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs, said on Friday, August 25, 2023 on the sidelines of the 15th BRICS Summit. Taking advantage of this visit, he co-chaired with his South African counterpart Cyril Ramaphosa… Read More Here
Félix Tshisekedi Encourages better marketing of Cobalt ore 4 Mining in DRC Battery Metals Cobalt Economy 

Félix Tshisekedi Encourages better marketing of Cobalt ore

Constance
Designated a crucial mineral propelling the shift toward sustainable energy, cobalt is witnessing a surge in demand across global industrial sectors. Despite this escalating demand, the Democratic Republic of Congo (DRC), responsible for producing 70% of the world’s cobalt, reaps a meager share of revenue from its raw cobalt exports. In the recent weekly assembly of the Council of Ministers convened on Friday, August 25, 2023, President Félix Tshisekedi of the Republic emphasized the urgency of introducing comprehensive measures to meticulously regulate cobalt marketing and amplify the income generated through… Read More Here
China’s dominance a key factor in renewable energy subsidy wars 5 International Battery Metals Energy 

China’s dominance a key factor in renewable energy subsidy wars

Constance
One of the primary catalysts for the prevalent global emergence of subsidies within the renewable energy sector stems from the dominance of China, research firm BMI Research operational risk analyst Keaton Fitzpatrick has said. Speaking at a webinar hosted by BMI Research – a Fitch Solutions company – titled ‘Subsidy Wars and The Energy Transition, The Race To Develop Low Carbon Energy Manufacturing’ on August 24, he said China had unequivocally established its preeminence across the global energy supply chain, encompassing vital components of renewable energy, as well as the critical mineral provisions and corresponding market domains. One of the primary catalysts for the prevalent… Read More Here
Chile Investigates Fatal Accidents at Anglo American, Minera ACF Mines 6 Mining safety International 

Chile Investigates Fatal Accidents at Anglo American, Minera ACF Mines

Constance
SANTIAGO – Chile’s government has sent officials to investigate accidents at two mines in the South American country’s metropolitan and Tarapaca regions that killed three workers, it said on Sunday August 27th. Newly appointed Mining Minister Aurora Williams is closely monitoring the inspections, her ministry said in a statement. The country’s mining and geology service over the weekend announced the deaths – all on Saturday – of two workers at Anglo American’s Los Bronces copper mine some 64 km from the capital, Santiago, and one at Minera ACF, which produces iodine and nitrate in the northern Tarapaca region. In a statement on Sunday, Anglo American… Read More Here
Orion Elevates Mineral Resource Estimate for the Flat Mines Area within its South African Project 7 International Copper 

Orion Elevates Mineral Resource Estimate for the Flat Mines Area within its South African Project

Constance
JSE- and ASX-listed Orion Minerals has reported an increase in the mineral resource estimates for three deposits that form part of the Okiep copper project (OCP), located in the Northern Cape province of South Africa, following a detailed review of the geology and remodeling of the deposits. A review of the geological interpretation at Flat Mine North, Flat Mine East and Flat Mine South has resulted in improved definition of the mineralized zones, together with an increase in the total mineral resources. Mineral resources at Flat Mine North, Flat Mine East and Flat Mine South now… Read More Here
Rio Tinto strengthens QMM relationship in Madagascar 8 International 

Rio Tinto strengthens QMM relationship in Madagascar

Constance
Rio Tinto has renewed its long-term partnership with the Madagascan Government on the sustainable operation of its QIT Madagascar Minerals (QMM) mine. Reaching an agreement on future fiscal arrangements for QMM in Fort Dauphin, the deal is set to enhance the benefits received by the people of Madagascar and support a sustainable future for the QMM mine. “Rio Tinto is committed to the responsible development of its mineral sands extraction business in Madagascar,” Rio Tinto iron and titanium managing director Sophie Bergeron said.  “This agreement is a significant milestone to… Read More Here
ERG Africa's Boss Mining Signs Community Development Plan Agreement in DRC 9 Mining in DRC Corporate social responsibility Environment Social Governance (ESG) 

ERG Africa’s Boss Mining Signs Community Development Plan Agreement in DRC

Constance
ERG Africa’s Boss Mining entity has taken a significant step towards sustainable community development by signing its Cahier des Charges with its surrounding communities in Haut-Katanga. The official signing of the five-year social development plan, held on 24 August 2023 in Kambove, marked the culmination of consultation and dialogue between Boss Mining, local communities, and government stakeholders. The participative dialogues and extensive consultations, facilitated by external consultants, began in May 2022. The signing ceremony was graced by esteemed dignitaries, including Mr Orphée Mikombe, Acting Chief of Staff of the Minister… Read More Here

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