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FQM CONSOLIDATES ITS KANSANSHI MINING OPERATIONS IN READINESS FOR THE S3 EXPANSION 1 Mining in Zambia Copper New Mining Projects 

FQM CONSOLIDATES ITS KANSANSHI MINING OPERATIONS IN READINESS FOR THE S3 EXPANSION

Constance
First Quantum Minerals will consolidate the Road and Earthworks Division, Mining Divisions and related supporting services currently carried out by First Quantum Mining Operations Limited (“FQMO”) with the operations at Kansanshi Mining Plc (“KMP”).FQMO was the original First Quantum Minerals corporate entity in Zambia which operated the Bwana Mkubwa mine. Following the expansion of the First Quantum operations in Zambia, with both the Kansanshi and Sentinel mines, FQMO evolved to house a wide range of business functions to support these operations including mining, road and earthworks, exploration, corporate services, CSR,… Read More Here
Angola and DRC to Become Joint Holders of Offshore Block 14 2 Mining in DRC Oil & Gas 

Angola and DRC to Become Joint Holders of Offshore Block 14

Constance
The Democratic Republic of the Congo (DRC) is in the process of finalizing an agreement with Angola and oil and gas major Chevron, concerning offshore Block 14, which was previously a subject of dispute. Under the agreement, both countries would become joint holders of the block. “We are due to meet again very soon, and things can move very quickly,” stated the DRC’s Minister of Hydrocarbons Didier Budimbu Ntubuanga, adding that conversations were still ongoing with regards to further blocks that cross both nations’ borders on the Atlantic coast. According to Minister Ntubuanga, and under… Read More Here
Canadian Mining Company AJN Resources Acquires 70% Stake in Lithium Project in DRC 3 Mining in DRC Lithium 

Canadian Mining Company AJN Resources Acquires 70% Stake in Lithium Project in DRC

Constance
AJN Resources, a mining company based in Vancouver (Canada), announced on June 2, 2023, the conclusion of an agreement with the Congolese company Palm Constellation, based in Kinshasa in the Democratic Republic of Congo (DRC).  The latter will have to sell him up to 70% interest in an exploration permit it holds in the Manono region, known to potentially host significant lithium resources. Under the terms of the agreement, two payments totaling US$150,000 will initially be made to the seller by AJN. The latter will have up to six months to… Read More Here
Nicolas Kazadi: DRC's New Partnership with China to Revise Mining Agreements 4 Mining in DRC Economy 

Nicolas Kazadi: DRC’s New Partnership with China to Revise Mining Agreements

Constance
For the Congolese Head of State, Félix Tshisekedi, his state visit carried out at the invitation of his counterpart, the President of the People’s Republic of China Xi Jinping in Beijing, capital of China from May 24 to 29, 2023, was an opportunity to review the state of the historical relations and friendship which have bound the two States for 51 years and to promote their transformation towards a partnership of strategic and global cooperation by agreeing together, with a view to effective materialization, the revitalization of the China-Democratic Republic… Read More Here
Tantalex Lithium on track to become DRC’s first lithium producer 5 Mining in DRC Lithium 

Tantalex Lithium on track to become DRC’s first lithium producer

Constance
While the DRC has some of the best lithium resources in the world, it has, as yet, no formal large-scale lithium production. This situation is likely to change within the next two years as Canadian junior Tantalex Lithium Resources is now well advanced with its plans to produce lithium – and some tin and tantalum – from its primary asset, the Manono tailings dumps in the DRC. Tantalex’s CEO, ERIC ALLARD, recently updated Contributing Editor ARTHUR TASSELL on the progress being made on the project, which could be commissioned by early 2025. The… Read More Here
Zambia and Mozambique cut off electricity supplies to Zimbabwe over failure to pay for Imports 6 Electricity Mining in Zambia 

Zambia and Mozambique cut off electricity supplies to Zimbabwe over failure to pay for Imports

Constance
Addressing a mining conference last week in Victoria falls, choga in what can only be described as irresponsible populistic rhetoric, said ”we expect that by 2025, we could have added 2300 MW to the grid. I must say over 80% of the 2300 MW is demand from miners.” Zimbabwe currently has a generation capacity of 2 000 megawatts. As of Thursday, 01 june 2023, the Zimbabwe power Company a subsidiary of ZESA Holdings, was generating a total of 1 423 MW. Choga also revealed that Zambia and Mozambique cut off… Read More Here
Australian company pioneers dynamic charging for electric mining trucks 7 International Mining Equipment 

Australian company pioneers dynamic charging for electric mining trucks

Constance
Headquartered in Brisbane, Australia, BluVein is working with a suite of OEM truck companies to develop dynamic charging technology to enable mining vehicles to be recharged while in operation. When commercialised, the advanced technology will allow higher utilisation rates of electrified mining trucks, faster and easier installation and relocation and less maintenance. BluVein started as a partnership between Brisbane based engineering company Olitek and a European-based electric highways developer. BluVein has adapted the technology for harsh mining applications. The BluVein system comprises a “hammer” which senses and connects with a… Read More Here
Gemfields Achieves Record Revenue in High-Quality Emerald Auction 8 Diamond Gemstones Mining in Zambia 

Gemfields Achieves Record Revenue in High-Quality Emerald Auction

Constance
Gemfields, a renowned supplier of precious gemstones, has revealed the astounding results of its recent emerald auction, featuring a selection of higher-quality rough emeralds. From 15 May to 1 June 2023, this auction achieved unprecedented success, setting new records and surpassing all expectations. The auction’s most remarkable achievement is the total auction revenues, which reached an all-time high of US$43.7 million. This extraordinary figure stands as a monumental record, representing the highest revenue ever attained in any Kagem emerald auction. Demonstrating the immense demand, all 35 lots offered were sold,… Read More Here
Exploring the DRC's Mining Potential 9 Mining in DRC Economy 

Exploring the DRC’s Mining Potential

Constance
With an estimated US$24 trillion in untapped deposits of cobalt, diamonds, gold, copper, and other minerals, the Democratic Republic of Congo (DRC) emerges as a key investment destination, attracting a multitude of companies operating across the country. As the world’s largest producer of copper, the DRC possesses some of the richest copper belts globally. It also takes the crown as the biggest producer of cobalt and the second-largest producer of diamonds. Additionally, the country boasts abundant reserves of gold, zinc, tin, and potash. Mining in the DRC encompasses both large… Read More Here
Ivanhoé Mines to publish its results for the 2nd quarter of 2023 on June 5 10 Mining in DRC Copper 

Ivanhoé Mines to publish its results for the 2nd quarter of 2023 on June 5

Constance
The mining company Ivanhoé Mines announces the publication of its results for the second quarter of the current year this Monday, June 5, 2023. This is indicated in a press release from the company made public on June 1, 2023. According to the said press release, Ivanohé Mines’ activity report for the second quarter of 2023 will be punctuated by the progress of its three main projects in southern Africa.  These are the expansion of the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC); the construction of the Platreef… Read More Here

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