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Promoting Equitable Taxation: Balancing Investments and Social Benefits in Zambia 1 Mining in Zambia Economy Events & Expos Mining tax 

Promoting Equitable Taxation: Balancing Investments and Social Benefits in Zambia

Constance
Finance and National Planning Minister, Situmbeko Musokotwane, emphasizes the importance of establishing a balanced approach to promote investments and create an equitable taxation framework that benefits both the industry and societies. Dr. Musokotwane states that the government’s primary focus is on encouraging sustainable mining practices, attracting further investments, and ensuring the fair distribution of benefits from the industry among the population. Speaking at the global conference on the Future of Resource Taxation in Lusaka, Dr. Musokotwane highlights the integral role of mining in the global economy, shaping nations, driving economic… Read More Here
African Resources will be Critical for the Global Energy Transition 2 Battery Metals 

African Resources will be Critical for the Global Energy Transition

Constance
As the world transitions to cleaner forms of energy, Africa will play a crucial role in the supply of critical minerals required for the development of renewable energy technologies. Robert Friedland, Executive Co-Chairperson of mining firm Ivanhoe Mines, considers these resources to be integral to the future global economy, with “the fate of humanity on the African continent.” With demand for critical minerals expected to reach annual revenues of $400 billion by 2050, Africa is poised to lead the global mining industry while stimulating socioeconomic growth and development. Speaking… Read More Here
Angola and the DRC to Ink Block 14 Agreement on July 13 3 Mining in DRC Oil & Gas Partnership 

Angola and the DRC to Ink Block 14 Agreement on July 13

Constance
The Democratic Republic of the Congo’s Hydrocarbons Minister Didier Budimbu and his Angolan counterpart Diamantino Pedro Azevedo have agreed to sign the Memorandum of Understanding (MoU) for the development of Block 14 on July 13 in Kinshasa. The signing of the MoU will formalize the Block’s ownership, with the DRC and Angola set to take a 30% share while global energy major – and operator of the block – Chevron will own a 40% stake, and follows a series of meetings held between the two countries. The signing date was agreed upon during… Read More Here
Ivanhoe Mines Adds Accomplished African Female Leaders to its Board 4 International Mining Personality 

Ivanhoe Mines Adds Accomplished African Female Leaders to its Board

Constance
 Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company’s Annual General and Special Meeting held last week. Ivanhoe Mines Co-Chairman Robert Friedland and President Marna Cloete also are very pleased to announce the appointment of two distinguished female African leaders – Dr. Phumzile Mlambo-Ngcuka and Ms. Delphine Traoré – to the company’s board as independent directors. Mr. Guy de Selliers and Ms. Nunu Ntshingila did not stand for re-election. Dr. Mlambo-Ngcuka served as the United… Read More Here
Invictus Energy Looks to Divest in Zimbabwe Oil and Gas Project 5 International Oil & Gas 

Invictus Energy Looks to Divest in Zimbabwe Oil and Gas Project

Constance
Independent upstream oil and gas company Invictus Energy is mulling divestment in its Zimbabwean oil and gas project. The decision is contingent to confirmation of commercially viable discoveries at the company’s Mukuyu-2 exploration well, situated in the Cabora Bassa basin in northern Zimbabwe, which Invictus Energy will start drilling during Q3 2023. The second phase of the Cabora Bassa project is poised to ascertain the profitability and viability of the resources in the basin. Pending positive results from the appraisal program, the company intends to bring in new partners to further develop… Read More Here
Tin price climbed to USD 26,555 per tonne last week 6 Tin 

Tin price climbed to USD 26,555 per tonne last week

Constance
Tin maintained its upward trend that started a few weeks ago. According to projections by the National Mercurial Commission of the Ministry of Foreign Trade, this ore traded around 26,555 USD per tonne against 25,899 USD per tonne last week, i.e., a positive price difference of 656 USD. The same source noted that the majority of mining products exported from the Democratic Republic of Congo (DRC) experienced an upward trend during the period from June 19 to 24, 2023. The price per tonne of copper is expected to trade at… Read More Here
The Transformative Benefits of Mining in the Democratic Republic of Congo 7 Mining in DRC Economy 

The Transformative Benefits of Mining in the Democratic Republic of Congo

Constance
The Democratic Republic of Congo (DRC) is a country blessed with an abundance of mineral resources, making it one of the most geologically rich nations on the African continent. While the mining industry in the DRC has faced significant challenges in the past, it is essential to recognize the potential benefits that mining can bring to the country’s development. This article explores the transformative advantages that mining offers to the DRC, encompassing economic growth, job creation, infrastructure development, and technological advancements. Mining plays a pivotal role in driving economic growth… Read More Here
Lake Resources to develop Kachi lithium in two stages 8 International Battery Metals Lithium 

Lake Resources to develop Kachi lithium in two stages

Constance
Argentine lithium brine play Lake Resources (ASX: LKE) has decided to further de-risk its Kachi project by adopting a two-stage development schedule. For its 50,000 tonnes per annum production target, the company will now have a phased approach of two 25,000tpa operations. This also allows Lake to accelerate the development timeline, bringing forward production. Full production by 2030 Now the timetable allows for the first stage, handling 25,000tpa, by 2027, with the second phase now due to come online in 2030. Kachi is located in Catamarca province of Argentina, within the “lithium… Read More Here
Saudi Arabia’s PIF Leads Bidding for $2.5 Billion Vale Base Metals Stake 9 International Battery Metals Copper 

Saudi Arabia’s PIF Leads Bidding for $2.5 Billion Vale Base Metals Stake

Constance
Saudi Arabia’s Public Investment Fund is emerging as the leading bidder to acquire a stake in Vale SA’s multibillion-dollar nickel and copper operations, people with knowledge of the matter said.  PIF is in advanced discussions with the Brazilian miner about a deal for a roughly 10% holding in its base metals unit, according to the people, who asked not to be identified discussing confidential information. The stake could be valued at around $2.5 billion, they said. The wealth fund is poised to beat out rival bidders including Japanese trading house Mitsui & Co. and the Qatar… Read More Here
Gold Remains the Shining Star in the Precious Metals Market 10 Gold Artisanal mining International 

Gold Remains the Shining Star in the Precious Metals Market

Constance
The global precious metals market is experiencing remarkable growth, poised to surpass $400 billion by 2028, according to a report by Fortune Business Insights™. The report highlights the significant role played by gold in driving this market expansion. As the market continues to thrive, it becomes crucial to consider the repercussions for the Artisanal and Small-Scale Gold Mining (ASGM) sector, particularly in Africa and other frontier mining jurisdictions. Unleashing the Potential of Gold: Gold stands as a beacon of stability and security amidst the volatile investment landscape. Its low-risk nature… Read More Here

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