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An investigation by Reuters and the TBIJ points to irregularities in the tender process for gas blocks in the DRC 2 Oil & Gas Mining in DRC Natural gas 

An investigation by Reuters and the TBIJ points to irregularities in the tender process for gas blocks in the DRC

Arnie
The Reuters news agency and The Bureau of Investigative Journalism (TBIJ) published an investigation on Thursday last week about the award of a gas block to the Canadian start-up Alfajiri Energy Corporation even though it does not meet the prerequisites of the law. President Félix Tshisekedi, who is seeking re-election in December, has promised to rid the DRC of its reputation for opacity and for the first time, the ministry of hydrocarbons has organized a call for tenders for dozens of oil and gas blocks, some in environmentally sensitive areas. The… Read More Here
First Quantum Minerals Announces The Suspension of Ore Processing Operations at Cobre Panamá 3 International Copper 

First Quantum Minerals Announces The Suspension of Ore Processing Operations at Cobre Panamá

Arnie
First Quantum Minerals, today announced that its subsidiary, Minera Panamá S.A. (“MPSA”), has suspended ore processing operations at the Cobre Panamá mine. This interruption to operations is the result of the Panamá Maritime Authority’s (“AMP”) refusal to permit copper concentrate loading operations at the mine’s port, Punta Rincón, in accordance with its Resolution No. 007-2023 (the ”Resolution”). The Company believes that all of AMP’s requirements under the Resolution have been duly met and exceeded, however, the AMP has continued to block MPSA’s export operations. MPSA will begin a partial demobilization… Read More Here
Madagascar Mining International Gemstones New Mining Projects Precious Stones 

How Madagascar is rebooting its mining sector

Arnie
The Malagasy government’s ambitions to reform mining legislation has been accelerated by the COVID-19 pandemic, following a failed attempt to introduce a new mining code in November 2019. The drive for reform stems from widespread perceptions nationally that mining projects have failed to deliver expected outcomes or benefits, particularly in terms of government revenues and local content contributions. The combination of outdated tax policies, commodity prices fluctuations and governance shortcomings have all contributed to relatively poor performance of the sector, which has been compounded by poor public perceptions towards the… Read More Here
Albert Yuma FEC Mining in DRC Economy Mining tax Taxes 

FEC denounces the detention of economic operators following inquiries into compensation for import duties and taxes

Arnie
The president of the Federation of Congo Enterprises (FEC), Albert Yuma, in a correspondence on August 18, 2020, wrote to the Attorney General at the Court of Cassation to denounce the detention of economic operators in the context of the rights compensation file. and import taxes. “We have recently witnessed a wave of arrests of which economic operators are subject, which are systematically followed by detentions by the courts, for offenses in the context of compensation for operations linked to claims of companies on public authorities with those relating to… Read More Here
G7 International Economy 

G7 calls on bilateral creditors to extend the suspension of debt service to poor countries until 2021

Arnie
At the end of their meeting held on Monday August 17 by video conference, the G7 finance ministers urged all official bilateral creditors to extend their G20 “Debt Service Suspension Initiative” (DSSI) until 2021. for low-income countries, reports Agence Ecofin. During this meeting, which was organized by US Treasury Secretary Steven Mnuchin, G7 finance ministers even agreed to consider additional options for the poorest countries. The leaders of the World Bank and the International Monetary Fund, present at these discussions, also supported this call, taking into account the economic impact of… Read More Here
Nickel Electricity Mining in DRC Nickel 

There is nickel and chromium in Kasai, DRC but not yet exploited due to lack of electricity

Arnie
The coordinator of the Sino-Congolese Program Coordination and Monitoring Office (BCPSC) or “Chinese Contract”, Moïse Ekanga, revealed in an interview with the Belgian media “La Libre Afrique” that at the beginning the Chinese were interested by the exploitation of Nickel and Chromium ores in Kasai but they changed their minds later because of the lack of electricity in the region. “In 2007, when we started talks with China, we thought we would sell them chromium and nickel. The Chinese were interested. They went to Kasai, where these raw materials are found.… Read More Here
MIBA Mining in DRC Diamond 

Félix Tshisekedi requests for urgency release of 5 million USD for relaunch of MIBA | DRC

Arnie
The President of the Democratic Republic of Congo, Félix Tshisekedi, during his communication to the 45th meeting of the Council of Ministers on Friday, August 21, echoed the urgency to release 5 million USD to allow the relaunch of MIBA (Minière de Bakwanga), in the application of decisions taken at previous meetings. Also, the Head of State said he found that MIBA has never again benefited from the revenues of the Anhui-Congo Mining Investment Company (SACIM) which operates the Tshibwe diamond deposit, in the Miabi territory, within the framework of… Read More Here
DRC Tshisekedi Oil & Gas Mining in DRC Natural gas 

Tshisekedi has made energy security and investment his top priority

Arnie
The administration of President Félix Antoine Tshisekedi has made energy security and investment its top priority, seeking to get massive hydropower projects off the ground. Surrounded by major African oil & gas producers Republic of Congo and Angola, the Democratic Republic of Congo (DRC) has so far remained relatively absent of Africa’s league of hydrocarbons producers. In 2019, only French independent Perenco produced from the DRC, at an average rate of 25,000 boepd from 11 onshore fields. In this context, the administration of President Félix Antoine Tshisekedi has made energy… Read More Here
Gold Autoclave International Gold Innovation Mining technology 

Polymetal installs ‘world’s largest’ gold autoclave

Arnie
Cyprus-based precious metals mining group Polymetal International has installed what it claims to be the world’s largest gold autoclave vessel at its Amursk POX-2 project in Russia’s Far East. Built by Belgium’s Coek Engineering, the autoclave is 50m long, has a diameter of 6m and weighs 1,100 tonnes, said Polymetal. It has cost US$27 million in total for the equipment and its shipment to Amursk. The vessel, which is made of steel and has a titanium lining, will operate at the temperature of up to 240 Celsius and a pressure… Read More Here

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