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KoBold Metals' Strategic Investment in Zambia Paves the Way for Sustainable Critical-Mineral Supply Chains 1 Mining in Zambia Copper Exploration Technology & Innovation 

KoBold Metals’ Strategic Investment in Zambia Paves the Way for Sustainable Critical-Mineral Supply Chains

Constance
In a significant move towards building transparent, secure, and sustainable critical-mineral supply chains, KoBold Metals has emerged as a key player in catalyzing investments in strategic projects. The United States Ambassador to Zambia, His Excellency Michael Gonzales, commended KoBold’s efforts and emphasized the pivotal role such initiatives play in driving the energy transition and fostering a sustainable, climate-smart economy for the 21st century. With a commitment to leveraging the world’s best artificial intelligence and human intelligence, KoBold President Josh Goldman expressed enthusiasm about the company’s ability to accelerate progress in… Read More Here
Zambia's Mines minister close to finalizing deal with Vedanta Resources 2 Mining in Zambia Copper 

Zambia’s Mines minister close to finalizing deal with Vedanta Resources

Constance
Zambia is close to resolving a dispute with Vedanta Resources (VEDJB.UL) over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit “imminent”, its mines minister said. KCM has battled to attract investment since relations between Zambia and Vedanta broke down several years ago, culminating in the state’s take-over of the KCM assets and forced liquidation in May 2019. The move triggering protracted legal battles, with Vedanta approaching an arbitration court in London to fight off the seizure of the copper assets. “The negotiations are… Read More Here
Lobito Corridor to Generate Two Thousand Jobs in the Initial Phase 3 Transport and Logistics Angola News in Brief 

Lobito Corridor to Generate Two Thousand Jobs in the Initial Phase

Constance
Around two thousand jobs will be created along the Lobito Corridor when it is fully operational, according to Angola’s Minister of Transport, Ricardo D’Abreu. “On the one hand, there are direct jobs related to all those who will be directly involved in port and railway operations and indirect jobs via other sectors”, he stressed on Tuesday July 4th, in statements. For the consortium, he advanced, there is an obligation to invest in the order of US$450 million in the near future. Read More Here
Zambia's Former Minister Dismissed for Unauthorized Sugilite Mining 4 Mining in Zambia Artisanal mining 

Zambia’s Former Minister Dismissed for Unauthorized Sugilite Mining

Constance
President Hakainde Hichilema took decisive action on Wednesday, July 5th, by dismissing Derrick Chilundika, the former minister of Luapula Province, for engaging in unauthorized mining activities involving sugilite, a valuable newly discovered mineral in the country. State House in Lusaka, issued a statement announcing Chilundika’s dismissal. Although the statement did not specify the reason for his removal, the police quickly followed up with a statement revealing that Chilundika had been conducting mining operations without a valid license. In a statement, Deputy Police Spokesman Danny Mwale said, “Police in Lusaka have… Read More Here
FQM’S Kansanshi Mine hands over K1.2M IN Cheques to six Solwezi Cooperatives 5 Mining in Zambia Copper Environment Social Governance (ESG) 

FQM’S Kansanshi Mine hands over K1.2M IN Cheques to six Solwezi Cooperatives

Constance
First Quantum Minerals’ Kansanshi Mining PLC has handed over cheques amounting to K 1.2 million to six cooperatives engaged in various business activities, with each receiving K 200,000 in a continued effort to effort to support and improve the welfare and livelihood of communities in Solwezi. The mining firm is alive to the fact that Small and Medium Enterprises (SMEs) play a major role in most economies, particularly in rural communities, however, access to finance is a key constraint to SME growth, and it is one of the most cited obstacles… Read More Here
Kavango signs option over gold project in Zimbabwe 6 Gold International 

Kavango signs option over gold project in Zimbabwe

Constance
Kavango Resources, a UK-based mining company focused on South Africa, has entered an exclusive two-year option to acquire Nara, a gold exploration project in Matabeleland, Zimbabwe. The Nara project includes 45 contiguous gold claims. According to the company, the project has the potential to host a bulk mineable gold deposit. Each of the gold claims is claimed to be at least ten hectares in size. The area of the project has supported historic high-grade underground mining and continuous surface mining on small-scale and custom milling over a 30-year period. It has… Read More Here
De Beers renews diamond sales deal with Botswana 7 Diamond International 

De Beers renews diamond sales deal with Botswana

Constance
Diamond producer De Beers Group and the Botswana Government have reached an agreement in principle on renewing their rough diamond sales agreement for another ten years through to 2033. This new agreement is expected to drive Debswana, the joint venture between De Beers and the Botswana Government, through long-term investment. The parties also agreed on a 25-year extension of Debswana mining licences until 2054. It will focus on four key areas, namely demonstration of industry leadership, Debswana’s future, economic diversification, and job creation in the country. As per the agreement,… Read More Here
Glencore offers to take sole control of PolyMet Mining 8 Copper International 

Glencore offers to take sole control of PolyMet Mining

Constance
Mining giant Glencore has submitted a non-binding offer to PolyMet Mining to purchase the outstanding common shares it does not already own in the latter for $2.11 per share. The bid price is at par with PolyMet’s rights offering in April 2023. It marks a nearly 167% premium over the company’s stock close on 30 June 2023. The offer is subject to the execution of a definitive deal, along with clearance from PolyMet’s shareholders. Glencore currently owns 159 million shares in PolyMet, representing a stake of nearly 82.19%. Glencore also… Read More Here
Metso Awarded Contract to Supply Processing Equipment for FQMs' Kansanshi Copper Mine Expansion 9 Mining in Zambia Contracts & tenders Copper Mining Equipment 

Metso Awarded Contract to Supply Processing Equipment for FQMs’ Kansanshi Copper Mine Expansion

Constance
Metso has received a contract from Canadian company First Quantum Minerals (FQM) for the delivery of minerals processing equipment to the Kansanshi copper mine S3 expansion in Zambia. Under the contract, which is valued at more than €20m ($21.78m), Metso will supply equipment such as apron feeders, mechanical flotation cells, high-intensity Concorde Cell units, HRT thickeners and a clarifyer. Metso said that most of the separation equipment is part of its Planet Positive offering. Metso flotation vice-president Antti Rinne said: “Kansanshi’s flotation flowsheet combines the well-proven, energy-efficient TankCell flotation cells… Read More Here
DRC: Gertler's Legal Action Continues Against Mputu and Resource Matters 10 Mining in DRC Regional conflict 

DRC: Gertler’s Legal Action Continues Against Mputu and Resource Matters

Constance
Despite his public announcements, Mr. Dan Gertler has not withdrawn from his legal action against the spokesperson and a member organization of the Congo coalition is not for sale. In addition, his company Ventora is dragging out preparations for a possible dialogue that Mr. Gertler has requested and says he wants to hold with the coalition. Pending concrete actions from Mr. Gertler and his team, the coalition continues to demand the restitution without compensation of all the assets ill-gotten by the businessman, including royalties from Kamoto Copper Company, Mutanda Mining… Read More Here

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