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Zambia's FQM Trident Limited Strengthens Security in Kalumbila District with Handover of Police Facilities 1 Mining in Zambia Corporate social responsibility News in Brief 

Zambia’s FQM Trident Limited Strengthens Security in Kalumbila District with Handover of Police Facilities

Constance
In its commitment to bolstering government efforts to ensure security in Kalumbila District and its surrounding communities in North-Western Province, First Quantum Minerals’ FQM Trident Limited mine has officially handed over the Kalumbila Police Station and Kisasa Police Post to the Ministry of Home Affairs and Internal Security. The Minister of Home Affairs and Internal Security, Hon Jack Mwiimbu, presided over the formal commissioning of the facility. Minister Mwiimbu was joined by North-Western Province Minister Robert Lihefu, Inspector General Graphel Musamba of the Zambia Police Service, Dr. Godwin Beene (FQM… Read More Here
Barrick Gold's Informal Takeover Attempt Rejected by First Quantum Minerals 2 Copper Gold International 

Barrick Gold’s Informal Takeover Attempt Rejected by First Quantum Minerals

Constance
First Quantum Minerals (TSE: FM) recently turned down an informal takeover proposal from Barrick Gold (NYSE: GOLD TSE: ABX), the world’s second-largest producer of precious metals. As mining companies search for growth opportunities, Barrick approached First Quantum in its quest to expand its presence in the copper market. However, First Quantum expressed its lack of interest in a merger and declined to engage in substantive discussions. Sources familiar with the matter revealed these details. Following the news, shares of First Quantum surged by as much as 12% during Canadian trading,… Read More Here
Cobalt Plunges to New Lows in DRC's Mining Sector 3 Mining in DRC Cobalt Economy 

Cobalt Plunges to New Lows in DRC’s Mining Sector

Constance
While the general trend of the main mining export products of the Democratic Republic of the Congo is on the rise, cobalt continues its descent into hell during this week from June 12 to 17, 2023, according to Commission projections. National Mercuriales of the Ministry of Foreign Trade. Cobalt therefore maintains its downward trend this week at 28,838 USD per tonne against 29,239 USD per tonne last week, i.e. a negative price difference of 401 USD. Copper is up this week at 8,294.65 USD per tonne against 8,044.30 USD per… Read More Here
Paluku Inaugurates MES Group's 1M km/month Electric Cable Factory in DRC 4 Mining in DRC Events & Expos Mining Equipment 

Paluku Inaugurates MES Group’s 1M km/month Electric Cable Factory in DRC

Constance
Killing two birds with one stone, the Minister of Industry, who was in Lubumbashi as part of DRC Mining Week, also inaugurated, on Thursday June 15, 2023, a factory belonging to the Mining Engineering Services Group (MES).  This is the Congo Cables & Transformers factory, a first to produce electric cables in the city of Lubumbashi, capital of the province of Haut-Katanga. It should be noted that this electric cable manufacturing plant received funding from the Industry Promotion Fund (FPI) to the tune of 4,227,649 USD, or 50% of the… Read More Here
DRC Mining Week 2023: Lukonde Addresses Sector Challenges with Mining Operators 5 Mining in DRC Events & Expos 

DRC Mining Week 2023: Lukonde Addresses Sector Challenges with Mining Operators

Constance
Representing the President of the Republic, Félix Tshisekedi, the Prime Minister, Jean-Michel Sama Lukonde, spoke on Thursday, June 15, 2023, at the mining week in the Democratic Republic of Congo called “DRC Mining week”, which opened in Lubumbashi on June 14 under the theme: “Recognizing the trophies and victories of the mining industry in the DRC and outside”. For the occasion, the Head of Government answered a series of questions. I will give answers, perhaps from the institutional point of view. Because I followed the debate earlier. From the institutional point of view,… Read More Here
DRC Sets Record with 32,854.59 Tonnes of Tin Production in 2022 6 Mining in DRC Tin 

DRC Sets Record with 32,854.59 Tonnes of Tin Production in 2022

Constance
A total of 32,854.59 tonnes of tin were produced in the Democratic Republic of Congo (DRC) during the year 2022, informs the Technical Unit for Coordination and Mining Planning of the Ministry of Mines (CTCPM). According to the same source, these total exports of tin concentrates by mode of exploitation (industrial and artisanal) during the 2022 financial year generated revenues of around 428.8 million US dollars. Exports of tin concentrates from industrial exploitation for the 2022 financial year are estimated at 24,307.88 tonnes, or 73.99% of the total exploitation of… Read More Here
Kinshasa Accounts for Nearly 9.99% of Artisanal Gold Production in 2022 7 Mining in DRC Artisanal mining Gold 

Kinshasa Accounts for Nearly 9.99% of Artisanal Gold Production in 2022

Constance
The city of Kinshasa, capital of the Democratic Republic of Congo produced 9.99% of the total production of artisanal gold during the year 2022, informs the official statistics of the services of the Ministry of Mines. This proportion of production represents 4.22 kilograms of artisanal gold produced in the city of Kinshasa. A production that raised revenues of around USD 244,431.0. For the whole of the 2022 financial year, the artisanal sector of the Democratic Republic of Congo produced 42.25 Kg of gold for an estimated value of 1,592,809.58 million US… Read More Here
DRC Generates Over $62.3 Million in Industrial Diamond Exploitation in 2022 8 Mining in DRC Diamond 

DRC Generates Over $62.3 Million in Industrial Diamond Exploitation in 2022

Constance
The industrial exploitation of diamonds in the Democratic Republic of Congo generated revenues of around 62.3 million US dollars for the 2022 financial year. This is what emerges from the annual report (2022) of the Technical Unit of Coordination and Mining Planning (CTCPM). Compared to the year 2021 when the export of industrially mined diamonds by companies had generated revenue of around USD 52 million, there is an increase in revenue of more than USD 10 million between the two periods. During the 2022 financial year, the SACIM company carried… Read More Here
DRC: ERG, owner of Boss Mining, protests against ban on its activities for environmental pollution 9 Mining in DRC Environment Social Governance (ESG) 

DRC: ERG, owner of Boss Mining, protests against ban on its activities for environmental pollution

Constance
For ERG (Eurasian Resources Group), its subsidiary Boss Mining is not responsible for the environmental damage caused recently near the copper mine.  This Luxembourg-based company is therefore asking the Congolese authorities to reconsider their decision to ban Boss Mining’s activities for environmental pollution. “The incident occurred far from the treatment plant, which excludes any form of pollution . The water analyzes carried out following the disaster confirmed the absence of pollution”, defends ERG Africa, quoted by the Reuters agency. For the facts, in March 2023, heavy rains caused the dumping of… Read More Here
Glencore supports World Day against Child Labour 10 Mining in DRC Artisanal mining Copper Corporate social responsibility 

Glencore supports World Day against Child Labour

Constance
Glencore recognises the ILO-sanctioned World Day Against Child Labour and its theme ‘Social Justice for All. End Child Labour’. With two industrial copper cobalt assets in the DRC, Kamoto Copper Company (KCC) and Mutanda Mining (MUMI), Glencore operates in a geography that is faced with child labour issues associated with artisanal and small-scale mining (ASM). While KCC and MUMI do not process, buy or trade ASM material, Glencore believes that ASM can play an important and sustainable role in the DRC economy when carried out responsibly and transparently. The company, in partnership with others,… Read More Here

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