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EU and Canadian IMPACT team up to Combat Cobalt Corruption in DRC 1 Mining in DRC Artisanal mining Cobalt 

EU and Canadian IMPACT team up to Combat Cobalt Corruption in DRC

Constance
The Canadian organization IMPACT, which specializes in improving the management of natural resources, launched on March 21 in the city of Kolwezi the project “Mapping costs”. This is an initiative funded by the European Union and intended to fight against corruption by promoting transparency of taxes and royalties applicable in the artisanal cobalt sector in the DRC. This initiative brings together various stakeholders, including local elected officials, artisanal miners, civil society actors, traders and experts in mining and financial management, this project will consist of holding a series of workshops to… Read More Here
Zambian President Directs ZESCO to Develop Income for Kafue Gorge Communities 2 Mining in Zambia Electricity 

Zambian President Directs ZESCO to Develop Income for Kafue Gorge Communities

Constance
President Hakainde Hichilema has instructed Zambia Electricity Supply Corporation Limited (ZESCO) to create investments that will provide revenue for the communities living around the Kafue Gorge Lower Power Station in Chikankata District. He stated that the individuals in the region should be rewarded through developmental projects since they have safeguarded the environment, allowing for the establishment of the electricity generation investment. And His Excellency acknowledged the traditional leaders in the area for their leadership in preserving the environment. He made the remarks at a meeting with Traditional Leaders from Lusaka… Read More Here
Primera Gold boosts exports of Gold from Artisanal Mining in DRC 3 Mining in DRC Artisanal mining Gold 

Primera Gold boosts exports of Gold from Artisanal Mining in DRC

Constance
It was the Economic Situation Committee (CCE) that made this observation during its weekly meeting on Wednesday March 22 around the Prime Minister, Jean-Michel Sama Lukonde Kyenge. According to the Minister of State in charge of the Budget, Aimé Boji Sangara, the Economic Committee noted with satisfaction that since the entry into activity of Primera Gold in January 2023, there has been an improvement in the export of gold from the artisanal sector.  Primera Gold achieved 77% export of artisanal gold. “So the export of gold from the artisanal sector in… Read More Here
Chinese company CMOC to lead Global Cobalt production in DRC 4 Cobalt Mining in DRC 

Chinese company CMOC to lead Global Cobalt production in DRC

Constance
The Democratic Republic of Congo (DRC) is known internationally for its mining potential representing more or less 1,100 different mineral substances. In accordance with its mining code, which has the merit of being attractive and inciting, the country seems to be a very fertile market for the giants of the mining sector. With the entry into production of the Kisanfu mine of the Chinese mining giant CMOC scheduled for the second quarter of the current year, the CMOC mining company will double its production of cobalt, with an annual production… Read More Here
Copper to Trade at USD 8,948.00/ton on DRC's BCC market as of March 23, 2023 5 Copper Mining in DRC 

Copper to Trade at USD 8,948.00/ton on DRC’s BCC market as of March 23, 2023

Constance
The price of copper should rise slightly from March 23, 2023, says experts from the Central Bank of Congo (BCC). According to the summary of statistical information published by this financial institution of the Democratic Republic of Congo (DRC), copper should sell at 8,948.00 USD per ton this Thursday, March 23, 2023 on the London Stock Exchange. The same document informs that at the beginning of this month of March 2023, the ton of copper was traded at 9,050.00 USD, i.e. a slight drop in price of around 102 USD.… Read More Here
oil Mining in DRC Oil & Gas 

DRC’s Financial authorities collect CDF 69.5B from Oil Revenues as of March 3, 2023

Constance
The oil revenues mobilized by the financial authorities of the Democratic Republic of Congo (DRC), as of March 3, 2023, are estimated at 69.5 billion Congolese Francs CDF, or nearly 34 million USD. This is what the weekly digest of statistical information from the Central Bank of Congo (BCC) provides in its report dated March 8 of the current year. During the period under analysis, the Directorate General of Taxes (DGI) mobilized CDF 13,143.83 billion from oil revenues. In addition, the General Directorate of Administrative, Judicial, State and Participations Revenue… Read More Here
US Company Offers $400M to Prevent Abandonment of 27 DRC Oil Blocks 6 Mining in DRC Oil & Gas 

US Company Offers $400M to Prevent Abandonment of 27 DRC Oil Blocks

Constance
The auction of 27 oil blocks and three gas blocks by the Government of the Democratic Republic of Congo (DRC) continues to be the subject of disputes with several international bodies. Indeed, a financial technology company on biodiversity, based in New York and called “EQX Biome”, has said that it is ready to bet 400 million USD or (334 million pounds sterling) to transform the project of exploitation of 27 oil blocks in forest conservation projects. This information was reported by the British newspaper The Guardian a few weeks ago… Read More Here
Small Scale Miners Strangulated By Lithium Blanket Ban in Zimbabwe 7 International Battery Metals 

Small Scale Miners Strangulated By Lithium Blanket Ban in Zimbabwe

Constance
In an appeal to the govt, the Zimbabwe Miners Federation (ZMF) president Henrietta Rushwaya said the unexpected Statutory Instrument (SI) 5 of 2023 — Base Minerals Export Control (Unbeneficiated Base Mineral Ores), in particular, in the export of raw lithium ore, had grounded miners’ business life. In the appeal, she stated that the unexpected ban has prejudiced standing off-take agreements between miners and international buyers some of whom had taken loans from their respective countries to finance trade in these minerals. Some miners have found themselves stuck with huge stockpiles… Read More Here
Global Carmakers now target $515 billion for EVs, batteries 8 International Battery Metals 

Global Carmakers now target $515 billion for EVs, batteries

Constance
Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets. Less than three years ago, a similar analysis by Reuters found car companies planned to spend $300 billion on EVs and related technologies. But looming zero-carbon mandates in cities such as London and Paris and countries from Norway to China have lent additional urgency to the industry’s EV-related investment commitments. The most… Read More Here
Kamoa-Kakula mining Complex in DRC expects 42-year life extension in new Report 9 Mining in DRC 

Kamoa-Kakula mining Complex in DRC expects 42-year life extension in new Report

Constance
Ivanhoe Mines announced on March 17 that it has filed a new NI 43-101 (NI 43-101) Technical Report covering the Kamoa-Kakula 2023 Integrated Development Plan (IDP 2023) for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. , reports a press release from the company. The 2023 IDP consists of a Pre-Feasibility Study (Kamoa-Kakula 2023 PFS) for Phases 3 and 4 expansion of the Kamoa-Kakula Copper Complex over a 33-year mine life, as well as a Updated Preliminary Economic Assessment (Kamoa -Kakula 2023 PEA) which includes a case for… Read More Here

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