You are here

Written by 

EU and Ministry of Energy Collaborate on clean Energy access via Global Gateway Strategy 1 Mining in Zambia Energy News in Brief 

EU and Ministry of Energy Collaborate on clean Energy access via Global Gateway Strategy

Constance
Through the EU Global Gateway Strategy, the EU and the Ministry of Energy are making progress towards increasing access to clean, reliable, and affordable energy. On 23rd February 2023, the Rural Electrification Authority (REA) through the IAEREP-TA2 project launched the Capacity Building Implementation Plan which is expected to directly benefit around 400 professionals through an EU investment of around EUR 300,000 (ZMW 6 million). The Capacity Building Implementation Plan sets forth various training activities centered around; feasibility studies, technical know-how on mini-grid operation and maintenance, Public Private Partnership Training, Strategic… Read More Here
Oyu Tolgoi begins Battery Electric journey with a Normet SmartDrive Utimec 2 Battery Metals International 

Oyu Tolgoi begins Battery Electric journey with a Normet SmartDrive Utimec

Constance
Oyu Tolgoi in Mongolia, one of the world’s largest copper-gold mines, recently received its first battery-powered mining vehicle for trials – a significant milestone for the underground operation and a testament to the successful collaboration of multiple teams. The machine is a Normet Utimec MF100 Material SD where SD stands for SmartDrive – Normet’s modular Li-ion battery electric vehicle (BEV) architecture designed to optimise energy consumption and performance in underground mining and tunnelling applications. IM understands that the machine is fully owned by Oyu Tolgoi and is just the first of… Read More Here
Zambia and DRC Agree to 24/7 Kasumbalesa Border Operation 3 Mining in Zambia Mining in DRC Transport and Logistics 

Zambia and DRC Agree to 24/7 Kasumbalesa Border Operation

Constance
Zambia and Democratic Republic of Congo ( DRC) have signed a Communique to start operating Kasumbalesa boarder facility on a 24 hours window. Copperbelt Province Minister Elisha Matambo,Mines Minister Paul Kabuswe and Commerce & Trades Minister Chipoka Mulenga met their DRC counterparts at Kasumbalesa Boarder on the Copperbelt Province of Zambia last evening. The DRC entourage included Commerce & External Affairs Minister Jean Lucien Bussa, Vice Governor Haut Katanga Region Jean Claude Kantwa and DRC Ambassador to Zambia Paulo Costa .The Communique was signed between Zambia and DRC following the… Read More Here
PDAC 2023 Convention welcomes over 23,000 Attendees to premier Mining event in Toronto 4 International Events & Expos 

PDAC 2023 Convention welcomes over 23,000 Attendees to premier Mining event in Toronto

Constance
The Prospectors & Developers Association of Canada (PDAC) is thrilled to welcome pre-pandemic levels of attendance back to its annual convention, drawing 23,819 attendees to Toronto for the best business, investment and networking opportunities in the mineral exploration and mining industry.  In addition to the more than 1,100 exhibitors covering over 600,000 square feet of the Metro Toronto Convention Centre, governments, companies and leading experts from around the world made this one of the largest events in the association’s 91 years. “There’s never been a more critical time for our… Read More Here
CREFDL calls for Suspension of Negotiations on $500M promised by Sicomines in DRC amidst Chinese Contracts 5 Mining in DRC Contracts & tenders 

CREFDL calls for Suspension of Negotiations on $500M promised by Sicomines in DRC amidst Chinese Contracts

Constance
After the Sino-congolaise des mines (Sicomines) – a company created as a joint venture between the Democratic Republic of Congo (DRC) and a group of Chinese companies – agreed to disburse 500 million US dollars in favor of the Congolese party , voices are raised to denounce an irregular situation. The latest to step up is the Center for Research in Public Finance and Local Development (CREFDL). In a press release published on Monday March 6, 2023, CREFDL asks the Government to postpone the negotiations relating to the disbursement of… Read More Here
DRC earns nearly $70M in a year after Reviewing Debt owed by Oil Tankers 6 Mining in DRC Oil & Gas 

DRC earns nearly $70M in a year after Reviewing Debt owed by Oil Tankers

Constance
The adoption of a more rigorous approach in the calculation and follow-up of the debt owed to oil tankers has made it possible to reduce the cost by +/- 70 million USD for the benefit of the Public Treasury of the Democratic Republic of Congo in one year. These details were provided by the Acting Minister of the National Economy, Nicolas Kazadi, during the weekly meeting of the Council of Ministers held on Friday March 3, 2023 in Kinshasa. Indeed, the Congolese Ministry of Finance and the Economy have initiated… Read More Here
DRC to Introduce two new Laws to Increase Tax Revenues from the Oil industry to $450M Annually 7 Mining in DRC Oil & Gas Taxes 

DRC to Introduce two new Laws to Increase Tax Revenues from the Oil industry to $450M Annually

Constance
The decree on eligibility criteria and methods for calculating losses and shortfalls (being finalized) and the one on the methods for fixing the price of diesel sold to mining companies in the southern zone (signed recently) will allow the Congolese Government to save nearly 157 million on the oil subsidy and the improvement of the taxation of the oil sector for an envelope estimated at 450 million USD/year, or 4% of the current revenue of the Central Power Budget. The Acting Minister of the National Economy, Nicolas Kazadi, indicated, during… Read More Here
DRC Dominates Green Metal production, Boosting Cobalt supply in 2022. 9 Mining in DRC Cobalt 

DRC Dominates Green Metal production, Boosting Cobalt supply in 2022.

Constance
The cobalt market has seen its biggest increase in supply in 2022, driven by booming production of the crucial battery metal in the Democratic Republic of Congo and Indonesia, according to specialist trading firm Darton Commodities, reports. mining.com. Mined cobalt supply rose 23% to 187,060 tonnes in 2022, in a surge in supply that erased a large deficit seen in 2021 and left the market in one of its biggest surpluses ever. at the end of the year, Darton said Monday in its annual cobalt report. This surge in supply… Read More Here

Marula Mining establishes Lithium and Copper subsidiary

Constance
Marula Mining has announced the establishment of Muchai Mining, an 80% owned Zimbabwean operating subsidiary of Marula. Muchai Mining has been established to focus on securing near-term and advanced lithium and copper mining and development opportunities in Zimbabwe’s fast growing and highly attractive battery metals sector. And Jason Brewer, Marula Mining CEO, said, “The decision to establish Muchai Mining is the result of extensive due diligence and careful consideration of various opportunities in the region. Our team has been on the ground since the beginning of the year, and we… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.