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Zambia's Mines Minister: Konkola Copper Mines Deal to Be Announced Soon 1 Mining in Zambia Copper 

Zambia’s Mines Minister: Konkola Copper Mines Deal to Be Announced Soon

Constance
According to Mines Minister Paul Kabuswe, the government will soon announce a deal for Konkola Copper Mines (KCM), reassuring Copperbelt residents that the negotiations underway will have a positive impact on the province’s economy. While speaking at the commissioning of a new classroom block at Kamenza Secondary School, Kabuswe urged residents to be patient as the government works towards securing a good deal for the mining giant. Kabuswe, who is also the Chililabombwe Member of Parliament, added that a contract for the rehabilitation of township roads in the border town… Read More Here
DRC Mining Directorates Generate Over $500 Million Between 2020-2021 2 Mining in DRC Mining revenue 

DRC Mining Directorates Generate Over $500 Million Between 2020-2021

Constance
According to statistics from the Extractive Industries Transparency Initiative (EITI), the various Mining Directorates located in the provinces of the Democratic Republic of Congo (DRC) produced more than 500 million US dollars in the period 2020. -2021. The report produced by the EITI informs that the various Directorates collected nearly 528.7 million USD from the extractive sector during the period indicated. The province of Lualaba is placed at the top of the list (62.8%), followed by Haut-Katanga (34.2%).Revenues mobilized by Haut-Uele and Kasaï-Oriental represent 2.3% and 0.5% respectively. At the bottom… Read More Here
Ivanhoé Mines aims to supply the Critical metals needed for the Energy transition in DRC 3 Mining in DRC 

Ivanhoé Mines aims to supply the Critical metals needed for the Energy transition in DRC

Constance
In its so-called “sustainable development 2022” report made public on April 13, 2023, Ivanhoé Mines indicated that its sustainable development strategy is shaped by a philosophy of “mining with a higher purpose”. The report states that Ivanhoé Mines not only aims to provide the critical metals needed for the energy transition, but also seeks to be a forerunner in its approach to mining. Indeed, the approach used in the 2022 Sustainability Report is based on the principles of good governance of people, planet and prosperity, as defined by the World… Read More Here
DRC's Oil industry yielded a meager USD 364.6 million From 2020 to 2021 4 Mining in DRC Oil & Gas 

DRC’s Oil industry yielded a meager USD 364.6 million From 2020 to 2021

Constance
Counted among the countries of the continent with an oil potential capable of revolutionizing its entire economic sector, the Democratic Republic of Congo (DRC) still does not attract great benefits from this sector. According to the Extractive Industries Transparency Initiative (EITI) report, between 2020 and 2021, the DRC’s oil sector brought in only USD 364.6 million to the public treasury. A modest sum that does not reflect the oil potential of the country estimated at more than 22 billion barrels of oil. The EITI document informs that in 2020, the Congolese… Read More Here
DRC-Zambia-USA tripartite evaluates the Agreement on the Battery industry 5 Battery Metals Corporate News Mining in DRC Mining in Zambia 

DRC-Zambia-USA tripartite evaluates the Agreement on the Battery industry

Constance
After the INDABA Mining Forum in Cape Town, South Africa, the agreement on the battery industry was once again at the heart of discussions within the DRC-Zambia-USA tripartite, on Saturday April 15, 2023, in Washington, DC, United States. Signed in December 2022, the memorandum of understanding is in line with the objective of the DRC and Zambia to set up a productive supply chain, from the mine to the assembly line, while committing to international standards to prevent, detect, and prosecute corruption throughout this process. “We have been invited by… Read More Here
Prices of Copper Slightly Fall on the Market to $8,829 per Tonne This Week in DRC 6 Copper Mining in DRC 

Prices of Copper Slightly Fall on the Market to $8,829 per Tonne This Week in DRC

Constance
The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward this week from April 17 to 22, 2023, says experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade. According to the data in this report, the price of copper is expected to slow slightly this week to 8,829 USD per tonne compared to 8,928 USD per tonne last week, resulting in a negative price differential of 99.55 USD. The experts of this national commission also note a fall in… Read More Here
Barrick On Track to Achieve 2023 Targets 7 Gold Copper International 

Barrick On Track to Achieve 2023 Targets

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) on Thursday 13th April reported preliminary Q1 sales of 0.95 million ounces of gold and 89 million pounds of copper, as well as preliminary Q1 production of 0.95 million ounces of gold and 88 million pounds of copper. As previously guided, Barrick’s gold production in 2023 is expected to increase through the year with the first quarter being the lowest, while copper production is expected to be higher in the second half of the year. We remain on track to achieve our… Read More Here
DRC and Angola nearing Agreement with Chevron for oil and gas block 14c 8 Oil & Gas Mining in DRC 

DRC and Angola nearing Agreement with Chevron for oil and gas block 14c

Constance
The Democratic Republic of Congo and Angola have been collaborating for several years to achieve the monetization of a maritime area of ​​common interest, considered rich in hydrocarbons.  The Congolese Minister of Hydrocarbons, Didier Budimbu Ntubuanga, announced on April 13, 2023 that a production sharing agreement is being negotiated. It engages the DRC, Angola and Chevron, the American oil company. The DRC and Angola share Block 14c, an oil perimeter known as of common interest located astride the territorial waters of two countries. The agreement sought in this agreement should allow the… Read More Here
Tanzania signs $667 million deals for rare earth and Graphite projects 9 Battery Metals International 

Tanzania signs $667 million deals for rare earth and Graphite projects

Constance
Tanzania on Monday 17th April signed agreements worth $667 million with three Australian companies to mine rare earth minerals and graphite, part of the president’s drive to fast-track negotiations on long-pending mining and energy projects. Under the deals with Evolution Energy Minerals, Ecograf Ltd and Peak Rare Earths, Tanzania will have a 16% stake each in jointly established companies to operate the projects, said Palamagamba Kabudi, the chairman of the government’s negotiating team. The US government and allies including Australia, which has some of the world’s largest rare earths producers… Read More Here
Operations Start at Zimbabwe’s Zulu Lithium Mine 10 New Mining Projects International Lithium 

Operations Start at Zimbabwe’s Zulu Lithium Mine

Constance
Strategic metals and minerals mining firm, Premier African Minerals, has kickstarted operations at its Zulu Lithium Mine in Zimbabwe with the firm making its first blast at the mine. With the blast, the firm says it is set to introduce first ore at the mining facility by mid-April. George Roach, CEO of Premier African Minerals, said “We are waiting for one regent to arrive which is on its way. The objective is to produce SE6 as it is known. It’s a concentrate and a step up in processing of the ore… Read More Here

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