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DRC's Minister of Mines Vows to Combat Fraud in the Gold Sector 1 Mining in DRC Gold 

DRC’s Minister of Mines Vows to Combat Fraud in the Gold Sector

Constance
The Minister of Mines Antoinette N’samba Kalambayi is committed to fighting against mining fraud mainly in the gold sector in the Democratic Republic of Congo.  While several sources report the link between the illegal exploitation of mining resources in the DRC and the activities of armed groups acting on behalf of certain neighboring countries, members of the International Conference on the Great Lakes Region CIRGL including Rwanda is indexed as the main instigator. The boss of the DRC’s mines said in a statement that mining fraud deprives the country of… Read More Here
New Ontario gold mine nearing completion but sourcing workers a challenge 2 Gold International 

New Ontario gold mine nearing completion but sourcing workers a challenge

Constance
After years of planning and development, the end is in sight for the Magino gold project, which Toronto-listed Argonaut Gold is building near Dubreuilville, Ontario. The first gold pour at the mine is only weeks away and commercial production is targeted for the third quarter. “Major components critical to commissioning Magino’s mill are coming together as we prepare for first gold pour, which is now expected during the second half of May, which is marginally behind the May 15 target date,” said COO Marc Leduc on Friday 5th may. By March 31, Argonaut had incurred about $652-million of the $755-million (C$980-million) estimate at completion. Leduc… Read More Here
ZCCM-IH Trading on London Stock Exchange Temporarily Suspended 3 Mining in Zambia 

ZCCM-IH Trading on London Stock Exchange Temporarily Suspended

Constance
ZCCM Investment Holdings PLC (ZCCM-IH) has announced that the trading of its shares on the London Stock Exchange (LSE) has been temporarily suspended due to non-compliance with Disclosure and Transparency Rule 4.1.3. The rule pertains to the publication of audited financial results, and the suspension is a result of the non-publication of audited financial results for the years 2021 and 2022 within the regulation time of four months from year-end. The delay in the financial statements audit for the years 2021 and 2022 is attributed to the prolonged completion of… Read More Here
ZCCM Holdings Appoints New Director Following Resignation 4 Mining in Zambia Mining Personality 

ZCCM Holdings Appoints New Director Following Resignation

Constance
ZCCM Investments Holdings Plc has announced the resignation of Ms Dolika E S Banda as Non-Executive Director and Board Chairperson, effective May 5th, 2023. The resignation is in compliance with the Securities Act No. 41 of 2016 and the Listing Rules of the Lusaka Securities Exchange (“LuSE”). Ms Banda had served as Non-Executive Director and Board Chairperson of ZCCM-IH since December 13, 2021. The Board expressed gratitude to Ms Dolika Banda for her significant contribution to the Company during her tenure of office and wished her success in her future… Read More Here
ZCCM-IH Chairperson's Resignation Raises Concerns for Zambia's Mining Interests 5 Mining in Zambia Mining Personality 

ZCCM-IH Chairperson’s Resignation Raises Concerns for Zambia’s Mining Interests

Constance
The resignation of Dolika Banda, Chairperson of ZCCM-IH, has caused disappointment and concern among shareholders and stakeholders in Zambia’s mining industry. Banda’s departure has raised questions about the future of ZCCM-IH and the country’s mining interests. “As shareholders of ZCCM-IH, we have witnessed Banda’s exceptional professionalism and competence, as well as her unwavering commitment to lead the company forward and defend the interests of the mining sector. Her resignation has come at a critical time when crucial issues such as KCM and Mopani are still underway,” said Thierry Charles, spokesperson… Read More Here
Zambian Activist Wins Goldman Prize for Holding Mining Giant Accountable 6 Mining in Zambia Environment Social Governance (ESG) 

Zambian Activist Wins Goldman Prize for Holding Mining Giant Accountable

Constance
Chilekwa Mumba, a community organizer from Zambia, has been awarded the 2023 Goldman Environmental Prize for Africa for his work in holding mining giant Vedanta Resources accountable for environmental damage caused by its subsidiary in the country, Konkola Copper Mines (KCM). In 2006, KCM’s copper mine in Chingola, Zambia contaminated the local river with waste, causing health problems for villagers and killing fish. The Zambian Supreme Court later found that KCM was in violation of its license and that the bursting of slurry pipes caused acidic effluent to discharge into… Read More Here
Zambia’s Partnership with FQM Brings Stability to the Nation 7 Mining in Zambia Copper 

Zambia’s Partnership with FQM Brings Stability to the Nation

Constance
In a significant move, Zambia has opted for revenue-sharing in the jointly-owned Kansanshi Mine with global mining company First Quantum Minerals (FQM). This agreement is expected to bring much-needed stability to the Southern African nation’s finances while also ending a long-standing dispute. Zambia’s holding company, ZCCM-IH, which holds stakes in privately-owned large-scale copper mines, has announced that it will convert its dividend rights in Kansanshi Mine to a 3.1% revenue royalty. First Quantum Minerals (FQM) is the majority owner of Kansanshi Mine, and this move is expected to end a… Read More Here
Six killed in illegal Diamond mine collapse in DRC 8 Artisanal mining Diamond Mining in DRC 

Six killed in illegal Diamond mine collapse in DRC

Constance
Six people died in a diamond mine collapse in the Democratic Republic of Congo over the weekend, according to officials on Sunday 7th May. The incident occurred on Friday5th May in the Diboko area of central Kasai province. The victims were “unauthorized diggers who entered an area where mining is forbidden”, said Gaston Nkole, the province’s vice-governor. Despite the ban on mining for safety reasons, informal miners have continued to come to the site at night in search of diamonds. The vice-governor confirmed on Saturday 6th May night that the… Read More Here
Startup unveils groundbreaking technique for revolutionary EV battery technology 9 International 

Startup unveils groundbreaking technique for revolutionary EV battery technology

Constance
In the latest development in printing technology, Sakuu, a startup from Silicon Valley, is 3D printing solid-state batteries. This is a very, very big deal.  In February, Sakuu announced that it had successfully and consistently produced full-functioning batteries in custom shapes and sizes using 3D printing. These batteries could be used in everything from smartphones to household appliances to e-bikes.  As it currently stands, lithium-ion batteries are considered king. They store large amounts of energy and recharge quickly, but they also come with safety concerns and a huge environmental impact. It takes an estimated 500,000 gallons of… Read More Here
Gemfields Foundation equips Chapula Secondary School with 20 computers 10 Mining in Zambia Corporate social responsibility 

Gemfields Foundation equips Chapula Secondary School with 20 computers

Constance
Gemfields Foundation, the charitable arm of Kagem’s majority owner and operator Gemfields, has provided Chapula Secondary School, in Lufwanyama, with 20 computers in its effort to enhance digital literacy and information and communications technology related skills among pupils and future professionals. Additionally, Kagem has funded and arranged the provision of internet access. The Raspberry Pi computers are known for their user-friendly operating system and ability to enable users, of all ages, to explore computing and programming which is especially useful in a school setting.  This provision forms part of Kagem and Gemfields’… Read More Here

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