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Hitachi Construction Machinery & FQM Announce zero Emission Partnership with signing of Letter of Intent 1 Mining in Zambia Contracts & tenders Copper 

Hitachi Construction Machinery & FQM Announce zero Emission Partnership with signing of Letter of Intent

Constance
Hitachi Construction Machinery Co., Ltd. and First Quantum Minerals yesterday, 1st March announced that they have entered into a Letter of Intent to advance the development of sustainable mining solutions at First Quantum’s flagship mining operations in Zambia. A proof of concept (“POC”) will be implemented as part of the LOI; Hitachi Construction Machinery supplying the first of its full battery, rigid frame dump trucks (“battery dump truck”) fitted with an ABB Ltd (“ABB”) battery, on-board charger and associated infrastructure by the end of FY2023 for technological feasibility trials at… Read More Here
AFC President and CEO Meets with Zambian President to Discuss infrastructure Partnerships 2 Mining in Zambia Infrastructural Development 

AFC President and CEO Meets with Zambian President to Discuss infrastructure Partnerships

Constance
Africa Finance Corporation (AFC) President and CEO, Samaila Zubairu, recently met with the President of Zambia, Hakainde Hichilema, and his team to discuss possible partnerships in bridging Zambia’s infrastructure gap and that of the African continent as a whole. The meeting was also an opportunity for AFC to explore collaboration opportunities with the Zambian government in promoting the beneficiation of Africa’s abundant raw materials and driving import substitution. President Hichilema expressed his determination to ensure that Zambia and Africa as a whole do not export raw materials and people, but… Read More Here
Chinese Party Profits 5x Expected in Sino-Congolese Contract with support from civil society and IGF Report 3 Mining in DRC Copper 

Chinese Party Profits 5x Expected in Sino-Congolese Contract with support from civil society and IGF Report

Constance
The Public Expenditure Observatory (ODEP), the African Association for the Defense of Human Rights (ASADHO), the Congolese Association for Access to Justice (ACAJ) and the Economic Governance and Democracy Network (REGED) , Congolese civil society organization in the fields of public finance and human rights, both civil and political and economic, social and cultural, exercising their citizen control, have taken note of the recent report of the General Inspectorate of Finance (IGF) on Sino-Congolese Mines (SICOMINES).  Like the IGF, these NGOs believe that the circumstances at the time and the… Read More Here
Uncertainty Over Renewal of Chinese SICOMINES Operating Permit 4 Copper Contracts & tenders Mining in DRC 

Uncertainty Over Renewal of Chinese SICOMINES Operating Permit

Constance
According to reports, the Congolese government may not renew the operating permit of the Chinese-owned mining company SICOMINES next year. The Inspector General of Finance, Jules Alingete, said that the permit renewal is subject to negotiations and added that the demands of the IGF are clear: the $3 billion promised to the DRC by the Chinese company must be delivered, and the gains must be rebalanced. The contract between the DRC and the group of Chinese companies GEC was signed in 2008, and it promised $6.5 billion worth of infrastructure,… Read More Here
DRC Prime Minister Briefed on $100m Lake Kivu Methane Gas Extraction Project 5 Mining in DRC Oil & Gas 

DRC Prime Minister Briefed on $100m Lake Kivu Methane Gas Extraction Project

Constance
The Congolese Prime Minister, Jean-Michel Sama Lukonde, received in audience, on Tuesday, February 28, 2023, at the Primature, in turn, the Ambassador of Egypt and the Ambassador Extraordinary and Plenipotentiary of the Republic of Tunisia in the DRC . With the Ambassador Extraordinary and Plenipotentiary of the Republic of Tunisia in the DRC, Bouzekri Rmili, the Prime Minister, Jean-Michel Sama Lukonde Kyenge, discussed the issue of the project to extract methane gas from Lake Kivu. According to Bouzekri Rmili, this project only awaits the signing of the presidential order for… Read More Here
Worker Fatality Forces Mopani Mining Shaft Suspension 6 Mining in Zambia Copper Mine Safety 

Worker Fatality Forces Mopani Mining Shaft Suspension

Constance
Mopani Copper Mines in Zambia has halted operations at one of its shafts in Kitwe, which is located more than 350 km north of the capital Lusaka. This decision was made following an unfortunate incident in which a worker died. According to a statement released by the company yesterday 28th, the incident occurred at the 3360 feet level while a team of contractor employees were reportedly loading sludge into a stationary underground rail wagon. It remains unclear what exactly led to the accident, but one contractor employee suffered fatal injuries… Read More Here
Panama and First Quantum Nearing Agreement over Copper Mine 7 Copper International 

Panama and First Quantum Nearing Agreement over Copper Mine

Constance
The Panamanian government and Canada’s First Quantum are nearing an agreement on their negotiations over the contract to operate a major copper mine, Ebrahim Asvat, a lawyer advising the government on the negotiations told Reuters on Tuesday 28th February. An agreement could be reached in less than two weeks, Asvat said, noting there are only three issues left to be solved, with two of them being in the final stage of negotiations. Asvat said the third issue was an “economic aspect” which involved the company asking for more tax deductions that would… Read More Here
DBZ Contributes $2.5 Million to Zambia's Renewable Energy Sector Projects 8 Electricity Energy Mining in Zambia 

DBZ Contributes $2.5 Million to Zambia’s Renewable Energy Sector Projects

Constance
The Development Bank of Zambia (DBZ) has allocated USD2.5 million to support renewable energy projects in Zambia’s private sector, creating new opportunities and driving sustainable development in Zambia. This funding is part of the Rural Electrification Authority Off Grid Loan Facility (OGLF) launched by the government to enhance private sector participation in the rural electrification space. The funding is also part of the USD26.5 million financing made available by the International Development Association of the World Bank through the Electricity Services Access Project (ESAP) to increase electricity access in rural… Read More Here
Gertler Earned Over $60M in Royalties from Congo Deal 9 Mining in DRC 

Gertler Earned Over $60M in Royalties from Congo Deal

Constance
The Congo is Not For Sale (CNPAV) is determined to maintain American sanctions against Israeli businessman Dan Gertler. According to CNPAV spokesman Jean-Claude Mputu, Gertler is protected by the highest level of governance in the Democratic Republic of Congo (DRC) and has already earned over $60 million since signing an agreement with the Congolese government. Mputu asserts that the agreement signed between the DRC and Gertler’s Ventora group is unbalanced and calls for the maintenance of American sanctions against Gertler. He insists that until the DRC recovers its royalties, Gertler… Read More Here
New Congolese Battery Council Animators Notified to Start Work 10 Battery Metals Mining in DRC 

New Congolese Battery Council Animators Notified to Start Work

Constance
After their appointment by Presidential Ordinance , the leaders of the Congolese Battery Council (CCB), a structure which will pilot the major pan-African project for the electric battery industry, were notified on Tuesday, February 21, 2023 by the Minister of Industry, Julien Paluku Kahongya.  The latter invited them to get to work to accelerate the materialization of the project to install the first manufacturing plant for electric battery precursors in the province of Haut-Katanga. “The governor of Haut-Katanga has already made 2,000 hectares available to the battery project in Lubumbashi, all that… Read More Here

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