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Category: Battery Metals

DRC Prime Minister Calls for EU Aid Against Illicit Mineral Exploitation at Global Gateway 2023 Forum 1 Mining in DRC Battery Metals Cobalt Events & Expos Lithium Nickel 

DRC Prime Minister Calls for EU Aid Against Illicit Mineral Exploitation at Global Gateway 2023 Forum

Constance
Prime Minister Jean-Michel Sama Lukonde has successfully concluded his visit to Brussels, Belgium, where he represented the President of the Democratic Republic of Congo, Félix Antoine Tshisekedi Tshilombo, at the Global Gateway Forum held on October 25 and 26, 2023. His mission was to engage European private investors and encourage their participation in the development of the Democratic Republic of Congo, focusing on digital, energy, and ecological transitions. During the forum, the Prime Minister played a pivotal role in addressing significant development issues and formalizing agreements. He shared a summary… Read More Here
Chemaf Resources in DRC Seeks Buyer Amid Cobalt Price Slump 2 Mining in DRC Battery Metals Cobalt 

Chemaf Resources in DRC Seeks Buyer Amid Cobalt Price Slump

Constance
A mining company in the Democratic Republic of Congo, supported by commodity trader Trafigura Group, has put itself up for sale due to the declining cobalt prices that have left the company struggling to complete its key projects. Chemaf Resources Ltd.’s expansion plans faced financial troubles, prompting the need for fresh investment. The company was aiming to construct one of the largest copper and cobalt mines in Congo and two new processing plants. Last year, it secured a $600 million loan from Trafigura. However, Bloomberg reported in August that Trafigura… Read More Here
EU Signs Crucial Partnerships with DRC and Zambia for Sustainable Raw Materials Value Chains 3 Mining in DRC Angola Battery Metals Mining in Zambia Partnership Transport and Logistics 

EU Signs Crucial Partnerships with DRC and Zambia for Sustainable Raw Materials Value Chains

Constance
At the recent “Global Gateway” forum in Brussels, Jutta Urpilainen, the European Union’s Commissioner for international partnerships, signed significant memoranda of understanding with key African counterparts. On October 26, 2023, she joined hands with the Democratic Republic of Congo’s Minister of Transport, Marc Ekila Likombo, for a partnership on critical and strategic raw materials value chains. Furthermore, a strategic partnership on sustainable raw materials value chains was established with Zambia’s Minister of Finance, Situmbeko Musokotwane. This momentous event follows the G20 Summit in New Delhi, India, in September 2023, where… Read More Here
Latest Developments in the Manono Lithium Evolution 4 Mining in DRC Battery Metals Lithium 

Latest Developments in the Manono Lithium Evolution

Constance
Contrary to AVZ Minerals’ claims in their announcement on October 9, 2023, it appears that there has been limited progress in the Memorandum of Understanding (MOU) between the Congolese Government and the Australian company. It seems that the Congolese side is growing frustrated with AVZ Minerals’ CEO, Mr. Nigel Ferguson, and his board for their handling of the “Manono Lithium” project. AVZ Minerals has been at the helm of this project for several years, and one would expect them to have anticipated and resolved the conflicts that are currently hindering… Read More Here
Zijin Mining Asserts Its Right to Develop Manono Lithium Mine in the DRC 5 Mining in DRC Battery Metals Cobalt Copper Lithium 

Zijin Mining Asserts Its Right to Develop Manono Lithium Mine in the DRC

Constance
China’s Zijin Mining is determined to move forward with the contentious Manono Lithium mine in the Democratic Republic of Congo (DRC) after being granted permission to develop the deposit. Originally owned by Australian AVZ Minerals, the mineral-rich site had its permit revoked by the DRC’s mines ministry due to slow development progress. As a top gold and copper miner in China, Zijin has been actively acquiring lithium assets in South America and Africa to supply the electric vehicle battery industry. Zijin’s subsidiary, Jinxiang Lithium, holds a 61% stake in Manono… Read More Here
Chinese Company to Create 2,000 Jobs in Zambia with Car Battery Manufacturing Venture 6 Mining in Zambia Battery Metals 

Chinese Company to Create 2,000 Jobs in Zambia with Car Battery Manufacturing Venture

Constance
Over 2,000 employment opportunities are on the horizon for Zambians in the coming year, courtesy of the Better Technology Group, a Chinese company set to embark on the manufacturing of motor vehicle batteries at the Jiangxi Multi Facility Economic Zone in Chibombo District. According to Company President Polly Wei, the production of car batteries is scheduled to commence by May 2024. Wei revealed that the necessary equipment for the manufacturing plant will be delivered to the country by December 2023, with installation expected to be finalized by March 2024. The… Read More Here
MMG Kinsevere Inaugurates $600 Million Cobalt Recovery Plant in the DRC 7 Mining in DRC Battery Metals Cobalt 

MMG Kinsevere Inaugurates $600 Million Cobalt Recovery Plant in the DRC

Constance
With a production capacity of 5,000 tonnes per year, MMG Kinsevere has established a new Cobalt recovery plant as part of the $600 million Expansion Project. The mining company MMG Kinsevere, based in Upper Katanga, now boasts a new Cobalt recovery plant. This facility was inaugurated on Saturday, October 14, 2023, within the MMG site located on the Kinsevere Road in Upper Katanga, in the southeastern part of the Democratic Republic of the Congo (DRC). Several dignitaries attended the event, including Antoinette N’samba, the national Minister of Mines; Claudine Ndusi,… Read More Here
Delphos Invests $350 Million in Copper and Cobalt Refinery in DRC's Katanga Province 8 Mining in DRC Battery Metals Cobalt Copper 

Delphos Invests $350 Million in Copper and Cobalt Refinery in DRC’s Katanga Province

Constance
In a significant development for the Democratic Republic of Congo (DRC), the Industry Promotion Fund (FPI) has confirmed that a mining company is allocating $350 million for the establishment of a copper and cobalt refinery in the former province of Katanga. This initiative is part of the broader plan to industrialize the DRC, and the FPI is actively involved in facilitating this endeavor. According to the FPI’s press release, both technical and legal commissions have been formed to expedite the signing of a protocol between the FPI and Buenassa, a… Read More Here
Satellites Uncover Mining Emissions in Africa's Copperbelt 9 Copper Battery Metals Cobalt Mining in DRC Mining in Zambia 

Satellites Uncover Mining Emissions in Africa’s Copperbelt

Constance
Emissions from mining operations in Africa’s Copperbelt, particularly for copper and cobalt, can now be quantified from space, according to a groundbreaking study led by the National Center for Atmospheric Research (NCAR). The research reveals the environmental impact of the mining boom on air quality in neighboring towns and villages and offers the potential for remote monitoring of mining activities in a region where surface monitoring is limited. Mining for copper and cobalt in Africa has seen rapid growth, largely driven by the increasing global demand for electric vehicles, smartphones,… Read More Here
Zambia's Government Commits to Electric Vehicle Procurement 10 Mining in Zambia Battery Metals 

Zambia’s Government Commits to Electric Vehicle Procurement

Constance
In a groundbreaking move towards reducing fuel dependency and mitigating greenhouse emissions, the Secretary to the Cabinet, Patrick Kangwa, has issued a directive to all permanent secretaries and procurement unit heads to prioritize the procurement of electric vehicles (EVs). Mr. Kangwa emphasized the Cabinet Office’s role as a driving force behind this initiative, aimed at lessening the country’s reliance on fossil fuels while promoting a cleaner environment. This decision aligns with the government’s broader strategy to cut fuel costs and reduce carbon emissions. During a test drive of an electric… Read More Here

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