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Zambia pays its electricity bill to Mozambique 1 Mining in Zambia Electricity 

Zambia pays its electricity bill to Mozambique

Constance
The chairperson of Mozambique’s publicly owned electricity company. EDM, Marcelino Alberto, on Wednesday 5th April announced that the Zambian government has paid off, in its entirety, its debt of 22 million dollars to EDM. He was speaking during a visit by Zambian President Hakainde Hichilema to the Maputo Thermal Power Station which is owned by EDM. This power station, inaugurated in 2018, is the largest investment in electricity generation for 30 years, and it can generate 106 megawatts of power. After his visit to the power station, Hichilema said he… Read More Here
Zambian and Mozambican presidents compliment Kagem and MRM’s economic impact and youth investment  2 Mining in Zambia Events & Expos 

Zambian and Mozambican presidents compliment Kagem and MRM’s economic impact and youth investment 

Constance
 The economic impact of the mining sector in Zambia and Mozambique was highlighted at the Mozambique-Zambia Business Forum in Beira, when President Hakainde Hichilema of Zambia  and President Filipe Jacinto Nyusi of Mozambique visited the joint presentation of Kagem Mining and Montepuez Ruby Mining (MRM).  The Business Forum event aims to accelerate trade and investment between Zambia and Mozambique, strengthening partnerships between both countries.  Kagem and MRM had the opportunity to share with both presidents the social impact that these mining operations have in Lufwanyama, Zambia and Montepuez, Mozambique respectively,… Read More Here
CNPAV urges DRC President to withdraw request for lifting Dan Gertler sanctions 3 Mining in DRC 

CNPAV urges DRC President to withdraw request for lifting Dan Gertler sanctions

Constance
The Congo is not for sale (CNPAV) have sent a letter to the President of the Democratic Republic of Congo Félix Tshisekedi to express his “deepest dismay” following the discovery, in the columns of the New York Times newspaper, of his letter dated of May 05, 2022 addressed to his American counterpart Joe Biden, requesting the lifting of sanctions against Dan Gertler.  According to CNPAV estimates, the losses for the Congo in cases linked to Dan Gertler amount to more than $2 billion. Indeed, this platform of the Congolese civil… Read More Here
Toyota aims to sell 1.5 million vehicles 4 International News in Brief 

Toyota aims to sell 1.5 million vehicles

Constance
Toyota Motor announced, Saturday 8th April, the intention to expand its catalog of electric vehicles, at the mercy of the introduction of 10 more models, still aiming to sell 1.5 million of these cars by 2026. Toyota’s executive chairman, Koji Sato, quoted by EFE, was peremptory in saying that “we are going to do everything possible to move forward with electrification”, at the same time that we want to “achieve carbon neutrality”. In addition to focusing on the production of fully electric vehicles, the brand wants to continue to focus… Read More Here
New effort maps taxes and fees to increase transparency in Congo's artisanal cobalt supply chain 5 Mining in DRC Artisanal mining Cobalt Taxes 

New effort maps taxes and fees to increase transparency in Congo’s artisanal cobalt supply chain

Constance
Studies show that heavy taxes and complex administrative burdens encourage extortion, smuggling, and debt bondage. IMPACT is launching a new project tackling corruption in Democratic Republic of Congo’s (DRC) artisanal cobalt sector with an effort to map all the taxes and fees supply chain actors are legally required to pay. The Mapping Payments project, which is implemented in collaboration with the Congolese non-profit Action pour la Défense des droits humains (ADDH), kicked off last month with a workshop in Kolwezi, Lualaba Province—the town at the heart of DRC’s artisanal cobalt mining sector.… Read More Here
Alternative Battery minerals gain favor 6 International Battery Metals 

Alternative Battery minerals gain favor

Constance
Due to the explosion of the battery mineral market, the hunt has been on to find and develop more affordable alternatives. In the past decade there has been a massive global shift towards the utilisation of batteries in an increasingly wide range of applications. The most notable has been in stored power packs from PV installations to rechargeable batteries for the Electric Vehicle (EV) market that is increasingly putting higher demands on the delivery of critical minerals and metals. This demand has led to some of these minerals and metals… Read More Here
Contango’s Zimbabwe coking Coal project close to Production 7 International 

Contango’s Zimbabwe coking Coal project close to Production

Constance
The wash plant construction at Contango Holdings’ Lubu coal project in the northwest of Zimbabwe is complete and production at the company’s new mine is imminent. Coking coal, or metallurgical coal, is a high-quality grade of coal that is used to produce coke, an essential fuel and reactant in the blast furnace process for primary steelmaking. Most of the coal produced in Zimbabwe today, is thermal coal, used in generating electricity. London listed Contango, anticipates that once Lubu is in full operation towards the end of this year, it will be… Read More Here
The price of Gold prances to 2020 USD per ounce 8 Gold International 

The price of Gold prances to 2020 USD per ounce

Constance
Gold held on to gains near $2,020 an ounce on Wednesday 5th March despite a rebound in the dollar, as recent U.S. economic data stoked fears of a slowdown and spurred bets that the Federal Reserve could ease policy. rate hikes. Spot gold was flat at $2,020.72 an ounce as of 1:40 p.m. ET, near its highest level in a year. The precious metal is now around $50 away from trading at an all-time high. US gold futures also had minimal movement, trading at $2,037.70 an ounce. Gold rose above the key… Read More Here
Glencore Offices Mopani Mining in DRC 

DRC Govt settles tax dispute with Glencore over super profits

Constance
Finance Minister Nicolas Kazadi, during the 93rd meeting of the Council of Ministers, began by outlining the situation of public finances. With regard to revenue, those mobilized from March 1 to 31, 2023 are of the order of 1,217.4 billion FC out of forecasts of 1,384.1 billion FC, thus bringing the execution rate to 88%.  “The cumulative situation in the first quarter of 2023 shows a total amount of revenue of 3.340 billion FC on the cumulative forecasts of 3.556 billion FC, i.e. an achievement rate of 93.9%.  Compared to the… Read More Here
Angola creates $15bn fund from recovered assets 9 International 

Angola creates $15bn fund from recovered assets

Constance
Angola’s finance minister, Vera Daves de Sousa, has announced the creation of a specialized fund to manage approximately $15bn in stolen assets recovered by the state. Finance minister Vera Daves de Sousa has announced that Angola is considering the creation of a specialised fund to manage approximately $15bn in assets recovered by the state in anti-corruption investigations.  Since 2017, when João Lourenço became president, the government has stepped up efforts to recover assets allegedly stolen during the four-decade presidency of his predecessor, José Eduardo dos Santos. The National Asset Recovery Service (SENRA)… Read More Here

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