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CNPAVa a Congolese NGO Condemns Minister of Hydrocarbons for Illicit Oil and Gas Deals 1 Mining in DRC Mining Policy Oil & Gas 

CNPAVa a Congolese NGO Condemns Minister of Hydrocarbons for Illicit Oil and Gas Deals

Constance
The Congo N’est Pas à Vendre (CNPAV) coalition has strongly criticized Minister of Hydrocarbons, Didier Budimbu, accusing him of maintaining a lack of transparency in the selection process for certain oil blocks. These concerns were expressed during a press conference held in Kinshasa on Friday, June 2. In response, the CNPAV has called on the government to prioritize complete transparency to prevent costly errors that have significant financial implications for the country due to opaque practices. Congo Not For Sale has identified four (4) irregularities in the process of awarding… Read More Here
OIl Mining in Zambia Oil & Gas Petroleum 

Zambia’s Energy Regulation Board Issues Warning Against Petroleum Product Hoarding

Constance
The Energy Regulation Board (ERB) in Zambia has issued a stern warning to Oil Marketing Companies (OMCs) and Petroleum Retail Dealers regarding the deliberate withholding of petroleum product sales, particularly in the days leading up to the monthly pricing review announcement. The caution comes in response to reports of alleged stock shortages at certain filling stations prior to the ERB’s price review announcement. Namukolo Kasumpa, the ERB Public Relations Manager, emphasized that this practice constitutes hoarding, which is strictly prohibited under the conditions of the Licence to Retail Petroleum Products.… Read More Here
US Pledges $250 Million for Lobito Corridor Project 2 Mining in Zambia Transport and Logistics 

US Pledges $250 Million for Lobito Corridor Project

Constance
The United States government has allocated a substantial amount of US$250 million towards the development of the Lobito Corridor, which encompasses Zambia, Angola, and the Democratic Republic of Congo (DRC). During the G7 Leaders summit held in Japan on May 18 to 19, 2023, US President Joe Biden announced this commitment, according to Helaina Matza, the US Deputy Special Presidential Coordinator for Global Infrastructure and Energy. Matza further revealed that President Biden has also pledged a significant financial support of US$30 billion to assist emerging economies across the world. Matza… Read More Here
US Govt Commits to Assisting Zambia's Copper Production for Economic Growth 3 Economy Copper Mining in Zambia 

US Govt Commits to Assisting Zambia’s Copper Production for Economic Growth

Constance
The United States government has reaffirmed its commitment to supporting Zambia in its pursuit of expanding copper production to reach an annual target of 3 million tonnes. Helaina Matza, the US Deputy Special Presidential Coordinator for Global Infrastructure and Energy, emphasized the need for intensified exploration efforts to achieve this ambitious goal during her recent visit to the country. Matza expressed the importance of exploring additional power connections and conducting further exploration activities to bolster Zambia’s copper production capacity. She acknowledged the promising signs observed during her visit to the… Read More Here
Congo Civil Society Commends DRC Govt for Ventora Deal 4 Mining in DRC 

Congo Civil Society Commends DRC Govt for Ventora Deal

Constance
During a press conference held on Friday, June 2, Congo N’est Pas à Vendre (CNPAV) commended the Congolese government for publishing the final documentation that completes the agreement between the Democratic Republic of Congo (DRC) and Ventora Development, a group associated with Dan Gertler. The coalition of Congolese civil society, CNPAV, urges the Ministry of Mines to build on this progress by also releasing the five settlement agreements from March 16, 2023, along with the terms of reference from February 9, which are integral to the agreement. The CNPAV spokesperson… Read More Here
DRC'S Minister of Mines Suspends Boss Mining SA Operations over Environmental Pollution 5 Mining in DRC Environment Social Governance (ESG) 

DRC’S Minister of Mines Suspends Boss Mining SA Operations over Environmental Pollution

Constance
In a correspondence dated May 29, 2023, addressed to the Managing Director of Boss Mining SA, the Minister of Mines, Antoinette N’Samba Kalambayi, notified the mining company of the “temporary suspension” of all its mining activities for a period of 3 months. This measure could be renewed if nothing is done to stop environmental pollution. “I have been informed through my department about a series of incidents that occurred on your site on the nights of March 21 to 22 and April 9 of this year. These incidents have caused… Read More Here
Zambia's Ambition to Triple Copper Production remains Uncertain 6 Copper Economy Mining in Zambia 

Zambia’s Ambition to Triple Copper Production remains Uncertain

Constance
Zambia, known for its copper reserves, has set an ambitious target to increase copper production from its current level of 830,000 metric tons to 3,000,000 metric tons within the next decade. However, achieving this target remains uncertain due to the lack of stringent measures being taken to reach it. The Association of Zambian Mineral Exploration Companies (AZMEC) acknowledges that the 3 million metric ton production target is achievable by 2031. However, the association is not aware of any exploration projects currently at an advanced stage that could contribute to production… Read More Here
Small Scale Miners Urge Tax Incentives for Start-up Mines in Zambia 7 Mining in Zambia Artisanal mining Mining tax 

Small Scale Miners Urge Tax Incentives for Start-up Mines in Zambia

Constance
The Federation of Small Scale Mining Association of Zambia has recently made a plea to the government, requesting a 5-year tax-free period for start-up artisanal and small-scale mines in the upcoming 2024 national budget. This proposal aims to provide these miners with an opportunity to establish and streamline their operations, similar to the benefits enjoyed by large-scale miners during their initial business setup. Sankisha Chilwesa, the Deputy Publicity Secretary, emphasized the importance of granting tax incentives to artisanal and small-scale miners. Chilwesa asserted that such measures would contribute to their… Read More Here
Zambia Announces Substantial Reduction in Fuel Pump Prices Effective 31st May 8 Mining in Zambia Petroleum 

Zambia Announces Substantial Reduction in Fuel Pump Prices Effective 31st May

Constance
Effective from midnight on May 31st, fuel pump prices in Zambia will experience a substantial reduction, bringing relief to consumers. The Energy Regulation Board (ERB) has announced the new prices, highlighting the significant decrease in the cost of various fuel types. Petrol prices will witness a reduction of K3.14 ngwee per liter, resulting in a new price of K24.45 ngwee, down from the previous K27.59 ngwee. Similarly, Low Sulphur Diesel prices will experience a notable decrease from K24.64 ngwee to K21.87 ngwee per liter. Kerosene will also be available at… Read More Here
Zambia's Govt Orders Cease of Mining Operations in Lower Zambezi National Park 9 Mining in Zambia Environment Social Governance (ESG) 

Zambia’s Govt Orders Cease of Mining Operations in Lower Zambezi National Park

Constance
Zambia’s government has taken action against Mwembeshi Resources Limited, instructing the company to halt all activities in the Lower Zambezi National Park due to non-compliance with the conditions outlined in the decision letter. Minister of Green Economy and Environment Collins Nzovu,, expressed concern over the alleged commencement of mining operations by Mwembeshi Resources Limited in the park, prompting increased interest in the proposed large-scale mining project. Minister Nzovu revealed that the Zambia Environmental Management Agency (ZEMA) has conducted multiple inspections and legal reviews, establishing that Mwembeshi Resources Limited has violated… Read More Here

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