Constance - Copperbelt Katanga Mining

Written by Constance

US Copper scrap Exports rise as top Importers change and Domestic demand lags

March 13, 2023March 13, 2023 Constance

While domestic copper demand has remained low, US exports of copper scrap continued to grow in 2022, rising 1.54% over 2021 levels, according to US International Trade Commission data Over the course of 2022, US exports to Malaysia fell by 56.05% to 167,686 tonnes, down 93,990 tonnes from the previous year. This decrease was offset by increases in exports to China and India, which rose by 23.19% (up 60,893 tonnes) and 64.11% (up 37,034 tonnes), respectively. “I think the only thing that kept the domestic market was the export… Read More Here

Mining in DRC

EU to Invest €50M in DRC Strategic Minerals

March 13, 2023March 13, 2023 Constance

The European Union (EU), through the Global Gateway Initiative, has announced €50 million in investment to boost the Democratic Republic of the Congo’s (DRC) critical minerals sector and various mineral-related infrastructure initiatives. The investment will be directed towards helping the central African country enhance its geological mapping, urban infrastructure as well as digital education. The €50 million package represents part of a $300 billion budget announced by the EU aimed at helping African countries boost key infrastructure projects across the energy and productive sectors. With the demand for critical minerals rapidly expanding – driven… Read More Here

Mining in Zambia Oil & Gas

Works on TAZAMA Pipeline Connecting Tanzania & Zambia Almost Complete

March 13, 2023March 22, 2023 Constance

The conversion of the TAZAMA pipeline from being a conduit of commingled feedstock into one carrying finished product is expected to be completed by Saturday next week. Energy Minister, PETER KAPALA has confirmed in a statement saying works are so far at 90 percent. Mr. KAPALA said all the crude oil, which was in the pipeline, from the time Indeni Refinery was shut down in April 2021, has been removed, stored and is ready to be refined. He explained that the crude oil is estimated to be 80 million litres… Read More Here

Gold Artisanal mining Mining in DRC

Primera Gold Exported 354 kilos of Artisanal Gold in 51 days

March 13, 2023March 13, 2023 Constance

Primera Gold exported, in fifty-one (51) days, a total volume of 354 kg of gold from artisanal mining in the Democratic Republic of Congo (DRC). These figures were provided by the Congolese Minister of Finance, Nicolas Kazadi, via his Twitter account on Friday March 10, 2023. Minister Nicolas Kazadi did not specify details on where this quantity of artisanal gold was purchased. In February 2023, Nicolas Kazadi had already announced that 207 kilograms of gold from artisanal mining were exported, mainly from the provinces of South Kivu and Ituri. Since… Read More Here

Oil & Gas International

Pumangol Invests more than 12 million dollars to build New assets

March 10, 2023March 13, 2023 Constance

The Angolan company that distributes fuel and oil derivatives Pumangol, in partnership with Sonangol, will invest, in the near future, more than US$12 million in the construction of three new filling stations in Luanda and in another province to be announced in brief. The information was provided by the director of Logistics and responsible for the Aviation and Bitumen segment of the said company, Óscar Sequesseque, on the sidelines of the inauguration ceremony of the company’s 80th fueling station, located on Avenida Comandante Van-Dúnem Loy, by the Secretary of State Jânio… Read More Here

Events & Expos International

Angola present at the Mining Forum in Canada

March 10, 2023March 10, 2023 Constance

The Ministry of Mineral Resources, Oil and Gas (MIREMPET) participated in the Forum of the Association of Prospectors and Developers of Canada (PDAC), in order to attract to the sector, the largest companies in the extractive industry worldwide, in addition to those that are already operating in Angola, as well as small and medium-sized companies. According to a note to which, the meeting promoted by the International Chamber of Angola-Canada Business (CINAC), took place this week and brought together national ministerial representatives, namely from MIREMPET (DNRM, ENDIAMA and CATOCA), Ministry of… Read More Here

Transport and Logistics Mining in DRC Mining in Zambia

Spain’s Ambassador highlights Lobito Corridor Infrastructure potential

March 10, 2023March 10, 2023 Constance

The support infrastructures for the Lobito Corridor, installed in the port of that city, in the province of Benguela, were visited, last Tuesday 7th Mar, by the ambassador of the Kingdom of Spain. Manuel María Lejarreta Lobo received, on the occasion, explanations on the development of the Lobito Corridor, which is framed in one of the priority lines of the Angolan Executive in the field of rail and port transport, which aim to transform the space into an important transport option for access to countries such as the Democratic Republic… Read More Here

Mining in DRC

CNPAV Publishes Dan Gertler’s letter Seeking support for lifting US sanctions

March 10, 2023March 10, 2023 Constance

DAN GERTLERR AMATGAN, ISRAEL. 07/02/2023 Mr. Jean Claude Mputu Spokesman of CNPAV Congo n’est pas a vendre (CNPAV) By mail: [email protected] Dear Mr. Jean Claude Mputu, ,I hope this letter finds you well . I am writing in the spirit of transparency and collaboration. Having spent the majority of lifetime amongst the people of the DRC, like you I care deeply about the future of this great nation. From the lush mountains of Katanga to the lively meeting-grounds of Kinshasa, the vivid landscapes and vibrant locals remain an abiding source… Read More Here

Mining revenue Contracts & tenders

Panama Govt negotiates for Minimum $375m annual Revenues from FQM

March 10, 2023March 11, 2023 Constance

African governments and Zambia’s new dawn government in particular may have a lesson to learn from Central American negotiation skills after the confirmation that the Panama government has secured a minimum of $375 million per annum from First Quantum Minerals – FQM. In a note shared with the Zambian Business Times – ZBT, has announced that its Panamanian subsidiary, Minera Panamá, S.A. (“MPSA”), has agreed and finalized the draft of a concession contract (the “Proposed Concession Contract”) with the Government of Panamá (the “Government”) for the Cobre Panamá mine. The… Read More Here

Mining in Zambia Energy Oil & Gas

Zambia’s New Dawn Govt Affirms no plan to Revert Fuel Price adjustments

March 10, 2023March 11, 2023 Constance

In response to sensational media reports, the New Dawn Government has to clarified that they have no plans to revert to previous methods of adjusting fuel prices after several months. Such a system makes it difficult to manage debts owed to oil marketing companies and does not result in cost-reflective pump prices. The Minister of Energy, Hon. Eng. Peter Chibwe Kapala, stated that in recent media interviews, his office did not indicate a return to the quarterly review system. The government plans to continue with monthly reviews to ensure consumers… Read More Here