Constance - Copperbelt Katanga Mining

Written by Constance

Congo President calls for greater benefits in $6.2 Billion China Metals Agreement

January 20, 2023January 20, 2023 Constance

Democratic Republic of Congo President, Felix Tshisekedi, has criticized a $6.2 billion minerals-for-infrastructure contract with China, stating that the country has not benefited from the deal. Congo is abundant in natural resources, including copper and cobalt, which are key components in electric vehicles, but remains one of the world’s least-developed countries. Most of its minerals end up in China, which signed a landmark deal with Tshisekedi’s predecessor in 2008 to trade roads and buildings for the two metals. The President said he is now trying to ensure that Congo receives… Read More Here

Copper International

Trafigura to Acquire Significant Amounts of LME Copper

January 20, 2023January 20, 2023 Constance

Commodity trader Trafigura is planning to take large amounts of copper from London Metal Exchange registered warehouses, two people familiar with the matter said, adding that the metal was likely to remain in Europe. Copper stocks in LME registered warehouses stand at 83,325 tonnes are already low. Cancelled warrants – metal earmarked for delivery – stand at 31.2% or 26,000 tonnes. This compares with 12% on Jan. 3. Most of the cancelled warrants – 20,600 according to the latest data from the LME – are in Rotterdam, Netherlands. Trafigura declined… Read More Here

Energy Electricity Mining in Zambia

Zambia’s ZESCO Collaborates With Masdar On Potential 2,500 MW Renewable Energy Deal

January 20, 2023January 22, 2023 Constance

Zambia and the United Arab Emirates (UAE) have signed a Memorandum of Understanding and Joint Development Agreement (JDA) which will see ZESCO, the country’s state-owned electricity company, partner with MASDAR, a key investment funding entity of the UAE. The two parties will form a joint venture to develop and deploy large-scale solar projects across Zambia, with an estimated value of $2 billion. This is not a loan, but a capital injection in which the Zambian people, through ZESCO, will be partners in shareholding. The joint venture aims to initially develop… Read More Here

International Energy

Tanzania’s President Samia Suluhu Hassan Calls for Global Attention on Africa for Energy Solutions

January 19, 2023January 22, 2023 Constance

The President of Tanzania suggests that creating power pools in East and Southern Africa can secure energy across the continent. President of Tanzania, the 53rd World Economic Forum Annual Meeting, emphasized Africa’s wealth in natural resources and its potential to contribute significantly in the worldwide shift to sustainable energy. She urged for more private sector investment in Africa to harness the continent’s resources and develop sustainable energy solutions. President of Tanzania, Samia Suluhu Hassan, emphasized Africa’s wealth of natural resources, including cobalt, copper, and nickel, and the importance of utilizing… Read More Here

Oil & Gas International

Uganda’s $3.5 Billion Oil Pipeline Project Aims To Overcome Two Decades Of Oil Setbacks

January 19, 2023January 22, 2023 Constance

Uganda has taken a bold step in eliminating the barriers that have hindered commercial petroleum production within the country. The East African nation did this by approving the construction of a $3.5 billion oil pipeline that will transport the country’s crude to international markets. This approval follows the application made by a company controlled by France’s TotalEnergies, (TTEF.PA). Uganda’s state minister for information, Godfrey Kabbyanga, via an email dispatched on Thursday, disclosed that the country’s cabinet approved the application to construct the pipeline by the East African Crude Oil Pipeline… Read More Here

Oil & Gas Contracts & tenders Mining in DRC

DRC Government Awards Exploitation of Three Gas Blocks

January 19, 2023January 21, 2023 Constance

The government of the Democratic Republic of Congo announced on Wednesday 18.01.2023 evening the companies that have been selected, through a bidding process, to operate three gas blocks in Lake Kivu, located in the eastern part of the country. As per the statement by the Minister of Hydrocarbons, Didier Budimbu, the chosen companies are: Symbion Power & Red for the “Makelele” block, Winds Exploration and Production LLC for the “Idjwi” block, and Alfajiri Energy Corporation for the “Lwandjofu” block. The first two companies have their headquarters in the United States,… Read More Here

Gold Mining in DRC

Primera Gold DRC SA Aims To Monopolize Artisanal Gold Production & Export Over 15 Tonnes Annually In the DRC

January 19, 2023January 19, 2023 Constance

Primera Gold DRC SA has apparently met expectations in its first week of operations, as reported by Congolese authorities. Despite only declaring 34 kg in the province of South Kivu in 2022, the company’s performance exceeded the government’s monthly goal of 10 kg per counter. According to the company’s figures, none of the 9 official counters or the additional 10 unregistered counters in South Kivu were able to reach this target, resulting in an export rate of just 1.5 kg per year, or 0.09 kg per month per counter. Based… Read More Here

Gold Mining in DRC

Partnership Between DRC & UAE Aims To Formalize Mineral Exports From Eastern Regions, Previously Controlled By criminal Networks.

January 19, 2023January 19, 2023 Constance

The President of the Republic, Félix Tshisekedi, announced that for the first time in 30 years, the country has exported gold from small-scale production, thanks to a partnership between the DRC and the UAE. The gold was exported through a new state-owned company, Primera Gold RDC SA, which manages the supply chain. The President stated that the government is pleased with this progress, which aims to legally export minerals from Eastern DRC, where illegal activities such as looting and smuggling by criminal networks had previously controlled the mineral trade. The… Read More Here

Battery Metals Energy International

UK And Saudi Arabia To Collaborate On Critical Minerals Delivery

January 19, 2023January 19, 2023 Constance

United Kingdom Business Secretary, Grant Shapps, has agreed to deepen the UK’s collaboration with the Kingdom of Saudi Arabia on critical minerals, putting the government’s ambitions for building more resilient critical minerals supply chains into clear action. The partnership paves the way for the UK and Saudi Arabia to work together on diversifying sources of critical minerals, both through Saudi investment in the UK’s world leading manufacturing and mining finance sectors as well as new opportunities for UK mining firms to do business in Saudi Arabia. This is also important… Read More Here

Battery Metals Energy International

Global Battery Alliance Launches Battery Passport Proof Of Concept

January 19, 2023January 19, 2023 Constance

The Global Battery Alliance (GBA), the world’s largest multi-stakeholder organisation to establish a sustainable battery value chain by 2030, has launched the proof of concept for its Battery Passport at the World Economic Forum’s Annual Meeting in Davos. The Battery Passport is key to facilitating the rapid scaling of sustainable, circular, and responsible battery value chains to meet the targets of the Paris Agreement through electrification of the transport and power sectors. It has been developed over three years by the GBA’s members, who span the global battery value chain… Read More Here