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Zambia's Refined Copper Exports Experience Decrease in April 2023 1 Mining in Zambia Copper Economy 

Zambia’s Refined Copper Exports Experience Decrease in April 2023

Constance
The export earnings from refined copper in Zambia witnessed a significant decline in April 2023, with a 10 percent decrease from K11.0 billion in March 2023 to K9.9 billion. This decline reflects the challenges faced in the mining sector, impacting copper production and subsequent revenue generation. According to official statistics, the volume of copper exports during April 2023 also experienced a decline of 7.6 percent, reaching 57.6 thousand metric tons (MT), down from 62.3 thousand MT recorded in March 2023. Furthermore, when comparing the export volumes of refined copper between… Read More Here
Japan Grants USD 300,000 to Rehabilitate Maréchal Bridge in Matadi, DRC 2 Mining in DRC Transport and Logistics 

Japan Grants USD 300,000 to Rehabilitate Maréchal Bridge in Matadi, DRC

Constance
The Government of Japan has approved the cost of the rehabilitation works of the Maréchal bridge in Matadi in the province of Kongo Central, the cost of which is estimated at 40 million Japanese Yen, equivalent to nearly 300,000 USD. The announcement was made by the Ambassador of Japan to the Democratic Republic of Congo, Minami Hiro, during an exchange, Thursday, May 25, 2023, with the Minister of Transport. According to the Japanese Ambassador to the DRC, the signing of the exchange of notes to record the start of work… Read More Here
TFM-funded Electrification Project in DRC's Tenke City gains Momentum 3 Mining in DRC Electricity 

TFM-funded Electrification Project in DRC’s Tenke City gains Momentum

Constance
Access to electrical energy is at the heart of any sustainable development. Tenke Fungurume Mining has launched the Tenke City Electrification Project, which addresses one of the major concerns of this community. The work is progressing rapidly, with the project already over 70% complete. TFM is carrying out this initiative through the Community Social Fund. The project consists of the construction of an electrical substation, the installation and connection of the required equipment until commissioning.  In addition, the 10 MVA transformer will be installed and “little jeans” type poles will be… Read More Here
Zinc is trading at USD 2,614.45 per tonne this week in DRC 4 Mining in DRC Economy Zinc 

Zinc is trading at USD 2,614.45 per tonne this week in DRC

Constance
Of all the mining products exported from the Democratic Republic of Congo (DRC), only zinc is expected to experience a slight price increase this week on world markets. According to forecasts from the National Mercurial Commission of the Ministry of Foreign Trade, which covers the period from May 29 to June 3, 2023, zinc is expected to trade at 2,614.45 USD per ton this week against 2,520.30 USD per tonne last week, representing a slight price increase of around 94.15 USD. The same document from the Ministry of Foreign Trade… Read More Here
China and DRC highlight need for ongoing Mining cooperation assessment 5 Mining in DRC 

China and DRC highlight need for ongoing Mining cooperation assessment

Constance
The People’s Republic of China and the Democratic Republic of Congo agree to regularly assess their mining cooperation with a view to its consolidation in the mutual and long-term interest of the two countries, and to settle any disputes arising in this cooperation in mutual trust and with pragmatism and fairness, in particular through friendly consultations. This is one of the thirteen (13) key points included in the final declaration published on Friday, May 26, 2023, following the meeting between Chinese Presidents Xi Jinping and Congolese Presidents Félix Tshisekedi. Engaged… Read More Here
DRC to Surpass Peru as World's Second Largest Copper Producer by 2026 6 Mining in DRC Copper 

DRC to Surpass Peru as World’s Second Largest Copper Producer by 2026

Constance
By 2026-2027, the Democratic Republic of Congo (DRC) should become the world’s second largest copper producer, according to a report published on May 30, 2023 by the firm Wood Mackenzie. The report specifies that with this increase in production, the DRC will thus overtake Peru, after having almost equaled it last year. For experts, the potential that the DRC has could help it rise to the highest rank of world copper producers. “In the years to come, the DR Congo will overtake Peru . DR Congo now has high-grade ore mines,… Read More Here
Ghana's Collateralized Loans from China Jeopardize Energy Sales and Mineral Resource Earnings 7 International Economy 

Ghana’s Collateralized Loans from China Jeopardize Energy Sales and Mineral Resource Earnings

Constance
The International Monetary Fund (IMF) has provided information regarding how Ghana’s four collateralized loans from China have put the government at risk of losing future energy sales as well as a portion of the earnings from its mineral resources. Since the year 2000, Ghana has relied on Chinese loans as a consistent source of finance for large-scale projects. Accra has accumulated close to $5 billion from at least 41 Chinese loans over the course of two decades. With a current external debt portfolio surpassing $30 billion, Ghana is presently debt-trapped… Read More Here
Civil society opposes exploitation of Congolese oil and gas blocks in energy transition 8 Mining in DRC Oil & Gas 

Civil society opposes exploitation of Congolese oil and gas blocks in energy transition

Constance
Several civil society organizations in the Democratic Republic of Congo (DRC) are taking a firm stand on environmental issues and sustainable development. In a recent development on Tuesday, May 29, these organizations signed a memorandum addressed to President Félix Tshisekedi, urging him to reconsider the exploitation of Congolese oil and gas blocks. The memorandum, supported by scientific studies and reports, highlights the negative implications of such exploitation. The global shift towards renewable energy in the energy transition calls for a departure from polluting energy sources. Consequently, the DRC’s engagement in… Read More Here
BEKA Schréder supplies LED retrofit lighting for Ga-Segonyana Municipality 9 Sponsored Content 

BEKA Schréder supplies LED retrofit lighting for Ga-Segonyana Municipality

Constance
Highmast Lighting The existing HID 400W HPS highmast lighting was replaced with the newly launched OMNISTAR-ECO floodlight. The OMINISTAR-ECO is an addition to the OMNISTAR family and has been designed to provide an energy-saving, performing and flexible floodlight for lighting areas where a quality replacement from conventional light sources is needed. This luminaire can be installed in various applications due to its wide range of optical light distributions to meet the specifications of the area to be lit. The OMNISTAR-ECO guarantees optimal lighting to ensure safety and comfort. It offers… Read More Here
Glencore Commits to Biodiversity Protection at its DRC'S INDUSTRIAL Assets on UN Biodiversity Day 10 Mining in DRC Environment Social Governance (ESG) 

Glencore Commits to Biodiversity Protection at its DRC’S INDUSTRIAL Assets on UN Biodiversity Day

Constance
·Artificial wetland R&D project partnership with the University of Lubumbashi which has the potential to play an important role in local ecological infrastructure as well as naturally treating stormwater using native aquatic flora species .Various projects underway at Glencore’s operations in the Democratic Republic of the Congo (DRC) – Kamoto Copper Company S.A. (KCC) and Mutanda Mining SARL (MUMI), including progressive rehabilitation and site-level biodiversity plans to drive progress .Reforestation of Miombo woodland which populates a large portion of the Kolwezi region: .Project to plant up to 100,000 seedlings each… Read More Here

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