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Critical mineral projects set to catch up with projected boom in demand 1 Battery Metals Copper International 

Critical mineral projects set to catch up with projected boom in demand

Constance
SUPPLY of critical metals is catching up with an anticipated boom in demand following a 50% jump in investment over the past two years, said Bloomberg News. Citing a report by the International Energy Agency (IEA), the newswire said critical minerals were therefore less likely to stymie the transition to a low carbon economy. “We look at the situation after raising alarm bells, and we are of the view that governments and companies have responded to this rather challenging situation,” Fatih Birol, the head of the IEA, said in an interview… Read More Here
Top 5 copper and cobalt mines in Africa by potential production 2 Mining in DRC Cobalt Copper Mining in Zambia 

Top 5 copper and cobalt mines in Africa by potential production

Constance
Used for the production of lithium-ore batteries, copper and cobalt are becoming increasingly sought after as nations move to transition to a renewable energy future. A 2023 Battery Metals report by Creamer Media anticipates global copper production to increase by an average rate of 3.2% a year between 2022 and 2031, with output rising from 2.1 million tons to 28.2 million tons per year (t/y) during the same period. In this scenario, the report states that Africa – rich in copper and cobalt among other critical minerals – stands to… Read More Here
Over $15 million lost over closure of Kasenseli gold mine 3 Mining in Zambia Economy Gold 

Over $15 million lost over closure of Kasenseli gold mine

Constance
Zambia is losing over $10 million per annum in forex due to lost production hours and revenues following the indefinite closure of the Kasenseli gold mine in Mwinilunga, North Western Province. Revelations indicate that during the first full year of the mine’s operation (from approximately June 2020 to October 2021), it produced a total of about 143 kilograms of gold worth over $10 million. However, it has been over 18 months since the government suspended operations at the gold mine, and no definite decision regarding its reopening or the way… Read More Here
Zambia's bondholders advance $3B debt-restructuring talks 4 Mining in Zambia Economy 

Zambia’s bondholders advance $3B debt-restructuring talks

Constance
Zambia’s overseas bondholders have entered into non-disclosure agreements (NDA) with the government as of Wednesday July 12th, according to three sources, a key step marking the beginning of formal talks to restructure over $3 billion of international bonds. The government is expected to share with some of its biggest international bondholders – members of the creditor committee – detailed information that will form the basis of debt restructuring talks as early as Wednesday, said the sources with direct knowledge, who asked not to be identified because talks are private. The… Read More Here
EU and Germany join forces to boost Rwanda’s mining sector 5 International Partnership 

EU and Germany join forces to boost Rwanda’s mining sector

Constance
This collaborative effort between the EU, Germany, and RMB aims to bolster Rwanda’s contribution to the regional, continental and global mining industry During the EU-Rwanda Business Forum in Kigali, the Rwanda Mines, Petroleum, and Gas Board (RMB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH launched the ‘Sustainable Development of the Mining Sector in Rwanda’ project – underscoring their commitment to driving sustainable growth in the country’s mining industry. The project launch, officiated by EU Director-General for International Partnerships, Mr. Koen Doens; RMB CEO, Amb. Yamina Karitanyi and GIZ… Read More Here
South Africa eyes electric batteries deal in DRC investment talks 6 Battery Metals Mining in DRC Partnership 

South Africa eyes electric batteries deal in DRC investment talks

Constance
President Cyril Ramaphosa has won big in his talks with his Democratic Republic of the Congo (DRC) counterpart where a deal on the manufacture electric batteries will be explored. Presidents Felix Tshisekedi and Ramaphosa undertook to ensure the implementation of various agreements concluded during the 12th session of the Joint Grand Committee. DRC’s lithium vital in electric batteries In light of the DRC’s abundant lithium mineral reserves, the production of electric batteries is an excellent area of cooperation between South Africa and the DRC. Lithium helps make lithium-ion batteries, which… Read More Here
China's CMOC restarts copper and cobalt exports from DRC's TFM mine 7 Mining in DRC Cobalt Copper 

China’s CMOC restarts copper and cobalt exports from DRC’s TFM mine

Constance
China’s CMOC Group said on Monday July 10th that it has resumed exports of copper and cobalt from its TFM mine in the Democratic Republic of Congo, in the first confirmation of shipments after it resolved a dispute with the state miner in April. Exports from the Tenke Fungurume Mining (TFM) operation, which in 2021 supplied 10% of the world’s cobalt, were halted in July 2022 after a row erupted with state miner Gecamines over mineral royalty payments. The dispute was resolved in April, but at the time, neither side disclosed… Read More Here
felix tshisekedi Gecamines 111 Mining in DRC Environment Social Governance (ESG) 

DRC President summons mining companies to respect commitments made in the specifications of local communities

Constance
Following a mission to assess the obligations arising from the social and environmental responsibility of mining companies operating in the provinces of Haut-Katanga and Lualaba, the President of the Republic, Félix Tshisekedi, noted, during the Council of ministers of July 7, that the mining companies did not respect certain commitments made in the specifications in accordance with article 285 septies of the Mining Code, paragraph 4, on which the evaluation mission was based. “As part of sustainable development actions in favor of local communities impacted by mining projects, it has… Read More Here
Lobito Atlantic Railway Assumes Operatorship of Lobito Corridor 8 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Atlantic Railway Assumes Operatorship of Lobito Corridor

Constance
The Municipal Administration of Lobito has officially handed over the concession of railway and logistics services of the Lobito Corridor to the Lobito Atlantic Railway, a joint venture comprising commodity company Trafigura; international construction and infrastructure firm Mota-Engil; and independent rail operator Vecturis. The transfer of the concession will see Lobito Atlantic Railway lead the operation, management and maintenance of a 1,300km railway connecting the Lobito port to Luau in eastern Angola over a period of 30 years. The railway will extend an additional 400km, running through the Democratic Republic… Read More Here
Bikita Minerals Completes Dual Lithium Processing Plant in Zimbabwe 9 Battery Metals International Lithium 

Bikita Minerals Completes Dual Lithium Processing Plant in Zimbabwe

Constance
Chinese mining conglomerate Sinomine Resource Group has completed the construction of a dual lithium processing plant at the group’s 10.8-million-ton Bikita mine in Zimbabwe.  Commissioned in January 2022 following the Chinese group’s acquisition of the mine in a $180 million transaction, the plant will produce up to 300,000 metric tons of spodumene concentrate and 480,000 tons of petalite per year.  The processing facility comprises a Gravity Separation Plant and a Flotation plant, enabling the mine to start processing spodumene while increasing the production of petalite from the current 50,000 tons… Read More Here

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