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congo cobalt ore International Cobalt 

China to increase control over Global Cobalt Supply

Constance
China is poised to increase its control over the global cobalt supply, according to a report by Darton Commodities, a UK-based cobalt trader. Over the next two years, China’s share of cobalt production is expected to reach half of global output, up from 44% at present, Darton said. Chinese refining activity reached 140,000 tonnes in 2022, giving the country a 77% global share of refining capacity. The price of the metal hit a 32-month low this month amid a surge in production. Global mine production grew 42% between 2020 and… Read More Here
Zimbabwe’s ban on Lithium ore Exports triggers Stockpile buildup 1 International Battery Metals 

Zimbabwe’s ban on Lithium ore Exports triggers Stockpile buildup

Constance
Zimbabwe’s ban on lithium ore exports has resulted in stockpiles of the key battery metal building up in the southern African country. The ban-introduced by the government  last December in a bid to encourage local processing of the metal — has resulted in 2 million tons of ore being stockpiled, according to Zimbabwe Miners Federation President Henrietta Rushwaya. Now the industry has asked President Emmerson Mnangagwa to review the ban as it threatens the viability of their operations. “The unexpected ban has prejudiced standing offtake agreements between miners and international buyers,… Read More Here
B2Gold's Sustainability Director stresses Responsibility to tackle Climate impacts 2 Energy Gold International 

B2Gold’s Sustainability Director stresses Responsibility to tackle Climate impacts

Constance
For organizations to continue to thrive against the backdrop of climate change, they are charged with reducing their environmental footprint while ensuring operations can withstand the impact of a changing climate. This imperative inspired senior gold producer B2Gold Corp. to embark on an ambitious decarbonization pathway. “At B2Gold, we recognize that climate change is one of the most critical challenges of our time, not just for our business but for society,” says Ken Jones, director of sustainability. “We have a responsibility to do our part and manage our potential impacts as… Read More Here
Burkina Faso's Govrt Authorizes Sana Gold to Exploit Gold at the Zongo project. 3 International Gold 

Burkina Faso’s Govrt Authorizes Sana Gold to Exploit Gold at the Zongo project.

Constance
The deteriorating security situation in Burkina Faso is impacting the performance of the local mining sector, which heavily relies on gold mining. However, several regions of the country are still unaffected. In Burkina Faso, Sana Gold SARL has obtained a semi-mechanized mining license for the gold deposit at the Zongo project. This was announced by the government after the Council of Ministers meeting held on Friday, March 10th. The Zongo project is located in the Center-East region, precisely within the commune of Soudougui. It hosts a mineral resource of 117,122.6… Read More Here
US firm seeks Tanzania's Lithium reserves 4 International Battery Metals 

US firm seeks Tanzania’s Lithium reserves

Constance
Following the discovery of lithium deposits south of Mount Kilimanjaro with large enough reserves to make Tanzania a global market leader for the increasingly popular mineral, US company Titan Lithium Inc. is attempting to strengthen its position in Tanzania. This past week, the US-based company released preliminary findings from two separate soil geochemical samplings conducted in two locations that straddled the Kilimanjaro and Arusha regions, indicating high lithium grades up to 2.79 percent lithium oxide. The results were “encouraging enough,” to warrant additional investigation, the Titan Lithium Chairman Harp Sangha… Read More Here
Ivory Coast to Reach Sustainability Goals with 50-70 MW Solar Plant 5 International Energy 

Ivory Coast to Reach Sustainability Goals with 50-70 MW Solar Plant

Constance
The latest in a string of deals in Africa, Ivory Coast has signed an agreement with UAE-based Masdar to study the development of a 50-70 megawatt (MW) solar power facility. “Masdar and the Ivorian Ministry of Mining, Petroleum and Energy will explore the joint development of solar photovoltaic plants in Côte d’Ivoire, starting with a first 50-70-megawatt (MW) plant,” Masdar noted via a statement. Masdar aims to deliver 100 gigawatts of green energy around the world by 2030 and sees “enormous potential” for this sector in Africa, the same statement emphasized.… Read More Here
OIl Oil & Gas Mining in DRC 

The barrel of Crude Oil traded at 85.5 USD in the last week of February 2023

Constance
In the last week of February 2023, the price of oil recorded a slight increase of 2.3% on a weekly basis. According to statistical data published by the Central Bank of Congo (BCC) in its monthly report on the summary of statistical information, a barrel of crude oil sold at 85.5 USD during this period. On the international market, specialists believe that despite the recent surge in prices, there is little chance that the price per barrel will rise quickly. The price of a barrel of Brent is distributed downwards… Read More Here
ACGT Faces Legal Action for Alleged Overbilling in Chinese Contract in DRC 6 Mining in DRC Contracts & tenders 

ACGT Faces Legal Action for Alleged Overbilling in Chinese Contract in DRC

Constance
The Attorney General at the Kinshasa Gombe Court of Appeal, Robert Kumbu, has opened a judicial file against the Congolese Agency for Major Works (ACGT) and the Chinese Contract Coordination Office for alleged cases of overbilling of infrastructure of said contract. This legal case opened against the two aforementioned structures follows the latest report published by the General Inspectorate of Finance (IGF) on the discrepancies that characterize this contract signed between the Congolese Government and a group of companies under Chinese law. “The information in my possession mentions cases of… Read More Here
Panama and FQM agree on details for Copper Mine contract 7 International Contracts & tenders Copper 

Panama and FQM agree on details for Copper Mine contract

Constance
Panama’s government and Canada’s First Quantum Minerals agreed on the final text for a contract to operate a key copper mine, according to a statement signed by both parties Wednesday, 8th March. The new contract guarantees a minimum annual income of $375 million to the Central American government, and will be effective for 20 years with the option to renew for 20 more. “With this contract, Panama expects to receive about ten times more than what it was getting” under the previous contract, the statement added. The Canadian firm’s chief… Read More Here
Panama gives FQM go-ahead to operate Port Terminal 8 Copper International 

Panama gives FQM go-ahead to operate Port Terminal

Constance
Panama’s Maritime Authority has lifted a suspension on First Quantum Minerals’ operations at the port of Punta Rincon, which the Canadian company uses to export copper concentrate from its key Cobre Panama mine, company sources said late on Friday 10th March. Two spokespersons for Minera Panama, First Quantum’s Panama unit, told Reuters the suspension dated Jan. 26 had been ended, which was confirmed by a source at the Maritime Authority. The company, which spent weeks at loggerheads with Panama over Cobre Panama, had said that once the suspension ended, it would be… Read More Here

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