Constance - Copperbelt Katanga Mining

Written by Constance

Zambian Authorities Seek Solutions To Long-Standing Energy Shortage In Crisis Talks

January 10, 2023January 10, 2023 Constance

Hichilema remains determined to keep his election campaign commitment of exterminating load management through creating stable power supply to citizenry. Energy poverty is counterintuitive to Zambia’s growth especially at a time the Southern African nation grapples with debt distress and is in the middle of a debt restructure. Zambia faced a similar crisis in 2015 – 2016 period where drought induced a power crisis. In this period the copper producer faced a foreign exchange crisis with sharp currency depreciation, inflation spiral and soaring interest rates as an autopsy. These market… Read More Here

Mining in DRC

Efforts To Combat Illegal Cobalt Mines In The Democratic Republic Of Congo Falter

January 10, 2023January 10, 2023 Constance

Five thousand diggers pack tightly together at the bottom of a crater in south eastern DR Congo, swinging hammers and picks to prise chunks of speckled blue-gold ore from the earth. In this scene of almost biblical toil, the prize is cobalt — a strategic metal found in abundance in the impoverished central African nation. But the huge pit in Shabara, about 45 kilometres (30 miles) from Kolwezi, is also emblematic of a headache. Around 20,000 people work at the mine, in shifts of 5,000 at a time. The mining… Read More Here

Copper International

Copper Market Faces Uncertainty Due To Volatility In Supply & Demand In 2022

January 10, 2023January 10, 2023 Constance

Looking at the 2022 copper price trends, it can be seen that the copper market has been nearly as volatile as other metals such as nickel and aluminum. Currently, copper prices are attempting to break previous highs but have not yet succeeded. As copper approaches short-term resistance levels, there is a possibility of a decrease in price. However, it should be noted that the copper market environment is uncertain, and the intraday price movements are hard to predict. Copper prices in 2022 were quite unstable due to a number of… Read More Here

Mining in Zambia Copper

Opportunities For Copper Mining Growth In Zambia As Climate Change Mitigation Efforts Increase

January 10, 2023January 10, 2023 Constance

At last year’s US Africa leaders summit in Washington the US signed an historic memorandum of understanding with Zambia and the Democratic Republic of Congo to develop an electric vehicle battery supply chain. At the summit, Zambian President Hakainde Hichilema also announced that Kobold metals, an exploration firm backed by billionaires Bill Gates, Jeff Bezos and Richard Branson, will invest US$150 million to develop a new mine in Zambia. Zambia is particularly well positioned to supply what the world needs. It has substantial reserves of copper and cobalt, critical metals for the transition… Read More Here

Gold International Mining Companies

Caledonia Completes Bilboes Gold Project Acquisition In Zimbabwe

January 9, 2023January 9, 2023 Constance

Caledonia Mining Corporation has announced that, following the satisfaction of conditions precedent, it has completed the acquisition of Bilboes Gold. Bilboes is the parent company which owns, through its Zimbabwe subsidiary, Bilboes Holdings, the Bilboes gold project in Zimbabwe. As a reminder, the total consideration payable is, subject to adjustment, 5,123,044 shares representing approximately 28.5 per cent of Caledonia’s fully diluted share capital and a 1 per cent net smelter royalty on the project’s revenues. Based on the last trading day’s closing share price on NYSE American of US$12.82 per… Read More Here

International Coal Energy

Arq Process Converts Fine Coal Waste Into Microfine Hydrocarbon

January 9, 2023January 9, 2023 Constance

Arq, an innovator in recovery and transformation of coal waste into an entirely new source of high-value energy, recently installed eight 18-foot Eriez® CavTube flotation columns in its first commercial facility located in Corbin, Kentucky. The Arq process converts fine coal waste into Arq Fuel™, a high value, microfine hydrocarbon with an average particle size of less than 5 microns and less than 1% mineral matter that can be blended into oil products. Arq Fuel™ behaves like oil without the costs of the oil industry. Eriez’ CavTube columns, which are… Read More Here

Electricity Mining in DRC

DRC Produced More Than 12.3 Million Megawatts Of Electricity As Of November 2022

January 9, 2023January 9, 2023 Constance

The production of electricity in the Democratic Republic of Congo (DRC) saw a slight increase over the eleven months of 2022, according to the Central Bank of Congo’s (BCC) latest report. The total volume of electricity produced in the DRC reached approximately 12.3 million megawatts at the end of November 2022, slightly higher than the level recorded during the same period in 2021. The BCC’s statistical data shows that electricity production in the DRC was just over 12 million megawatts at the end of November 2021. For the entire year… Read More Here

Oil & Gas

DRC Produces 1.783 Million Barrels Of Crude Oil As Of November 30, 2022

January 9, 2023January 9, 2023 Constance

As of November 30, 2021, figures from the Central Bank of Congo (BCC) indicate that oil companies operating in the Democratic Republic of Congo produced 1.783 million barrels of crude oil. The Central Bank of Congo made this known in its latest summary of statistical information published on December 23, 2021 on its website. During the period under analysis, crude oil production in the Democratic Republic of Congo increased slightly compared to the same period in 2020. In November 2021, the same document informs that the oil industries of the… Read More Here

International Battery Metals

RAW BASE MINERAL ORE EXPORTS BANNED IN ZIMBABWE

January 9, 2023January 9, 2023 Constance

Exports of all unprocessed ores and minerals have been banned with immediate effect in Zimbabwe, unless special exemptions are obtained. The Base Minerals Export Control (Unbeneficiated Base Mineral Ores) Order, 2023, which was gazetted in Statutory Instrument 5 of 2023, prohibits the export of any mined or quarried materials until they have reached a certain level of processing. The order was issued by Mines and Mining Development Minister Winston Chitando using powers granted to him under the Base Minerals Export Control Act. The order defines “ore” as any form of… Read More Here

International Mining Companies

Canada’s First Quantum Could Suspend Panama Jobs Due To Government Order To Halt Operations

January 9, 2023January 9, 2023 Constance

Canada-based miner First Quantum would suspend a “significant amount” of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter. “If we have to reduce operations to care and maintenance mode, the company will need to take steps to reduce expenditure across the business. We could be forced to suspend a significant amount of our valued workforce,” the letter sent to employees and seen by Reuters said. The company’s Cobre Panama mine generates about… Read More Here