Battery Metals - Copperbelt Katanga Mining

DRC Requires a Minimum of $30 Billion for Electric Battery Industry Development 1

The Arise firm has unveiled the results of its pre-feasibility study on the development of the electric battery industry in the Democratic Republic of Congo (DRC) on Thursday, September 21, 2023, in New York, United States. The report indicates that the investment required for this ambitious project is approximately $30 billion. Although preliminary, the study reaffirms the feasibility of manufacturing battery precursors within the DRC. Julien Paluku Kahongya, the Congolese Minister of Industry, hailed the significance of this study, emphasizing its potential to attract partners interested in investing in Africa,… Read More Here

DRC to Set up “Financial Vehicles”, a New Tool for Investment in Electric Vehicle Batteries

September 24, 2023September 24, 2023 Copperbelt Katanga News

The Government of the Democratic Republic of Congo (DRC) will now establish a new tool called “financial vehicles” to allow small Congolese savers, meaning anyone who wants to invest in the electric battery value chain, to benefit from the effects of this value chain. This was revealed by the Deputy General Director of the Congolese Battery Council (CCB) of the Democratic Republic of Congo, Vuko Kakule, on Thursday, September 21, 2023, in Kinshasa, during the second day of the DRC-Africa Forum dedicated to battery metals. Speaking on a panel dedicated… Read More Here

Mining in DRC Battery Metals

18 Recommendations to Improve Mining and Industrial Governance from the DRC-Africa Battery Metals Forum 2023

September 24, 2023September 24, 2023 arnbethnic

After two days of deliberation, from September 20 to September 21, 2023, on improving mining and industrial governance in Africa as a whole and particularly in the Democratic Republic of the Congo (DRC), participants in the Forum DRC-Africa 2023 have formulated 18 recommendations to achieve this goal. Organized under the theme: “Creating wealth in the value chain of the battery metals industry in the Democratic Republic of the Congo and Africa,” this economic gathering brought together various economic stakeholders operating in the mining sector and political decision-makers, including those from… Read More Here

Mining in Zambia Battery Metals Mining in DRC

Global Electric Battery Market Projected to Reach USD 1,298.32 Billion by 2027

September 23, 2023September 23, 2023 Constance

The global electric battery market is projected to reach a staggering $1,298.32 billion by 2027. This substantial figure has captured the attention of nations such as the Democratic Republic of Congo (DRC), the Republic of Zambia, and various other African countries, which possess valuable minerals essential for electric battery production. These statistics were unveiled by Professor Jean-Baptiste Ngagoma Kushinganine, a faculty member at the Catholic University of Bukavu, during the inaugural day of the DRC-Africa Forum on battery metals held in Kinshasa from September 20 to 21, 2023. Professor Jean-Baptiste… Read More Here

Mining in DRC Battery Metals Cobalt Mining revenue

DRC Claims Only 3% of the Global Cobalt Value Chain

September 23, 2023September 23, 2023 Constance

The Democratic Republic of Congo (DRC), the world’s leading producer of cobalt, holding nearly 70% of the world’s reserves of this mineral, captures very little of the revenue generated in this sector. According to the figures recorded by Professor Jean-Baptiste Kushinganine during the first day of the just ended DRC-Africa 2023 forum on battery metals, which was organized in Kinshasa, from September 20 to 21, 2023, only 3% captured from the global cobalt value chain. “Confined to the role of exporters of raw materials, the DRC is at the bottom… Read More Here

Mining in Zambia Battery Metals Lithium

Zambia Revenue Authority Seizes Truck Carrying Lithium in Anti-Smuggling Operation

September 20, 2023September 24, 2023 Constance

The Zambia Revenue Authority (ZRA) has taken action to intercept and seize a truck attempting to smuggle one of Zambia’s strategic minerals, Lithium, at the Kazungula One Stop Border Post (OSBP). This operation was conducted in cooperation with the Ministry of Mines and Minerals Development as part of ongoing efforts to combat illicit mineral exports. The incident unfolded when ZRA officials, working alongside Ministry of Mines and Minerals Development personnel, initiated an investigation into a group of exporters suspected of misclassifying valuable mineral products for export. Acting on a tip-off,… Read More Here

Mining in DRC Battery Metals Cobalt Copper Lithium

EU Commissioner Reassures Investment in DRC’s Critical Minerals

September 15, 2023September 15, 2023 Constance

During a meeting in Lubumbashi, Didier Reynders, the European Union Commissioner for Justice, conveyed strong support from European economic operators for investing in the development of critical minerals in the southeastern region of the DRC, as well as emphasizing the importance of addressing the social aspects of mining. Reynders explained, “The goal is to establish strategic partnerships in the mining sector for critical minerals, enabling European operators to actively engage in enhancing the social aspects of mining exploitation. We are committed to increasing the value of work in the mining… Read More Here

Mining in DRC Battery Metals Cobalt Lithium Partnership

Glencore Strikes Strategic Agreement with Tantalex

September 15, 2023September 15, 2023 Constance

The Canadian company Tantalex Lithium Resources operating in the Democratic Republic of Congo (DRC) and Glencore concluded a memorandum of understanding at the end of last week according to which Glencore will have to partly finance the development of its lithium residue project in Manono. Under the terms of the memorandum of understanding, Glencore must obtain, in exchange for financing, the right to purchase and market the lithium that will be produced at Manono. And the funding itself will be divided into three tranches. A first of 2 million USD and… Read More Here

Mining in Zambia Battery Metals

Zambia’s President Champions Electric Vehicles for a Cleaner Future

September 13, 2023September 13, 2023 Constance

Zambia’s President Hakainde Hichilema has emphasized the pivotal role of electric motor vehicles in addressing environmental challenges linked to traditional gasoline and diesel vehicles. He underscores the importance of their continued development and adoption in achieving a sustainable and cleaner future for transportation. During his visit to BYD, one of the world’s largest electric motor vehicle manufacturing plants in Shenzhen, China, President Hichilema expressed Zambia’s commitment to collaborating with companies that can advance the Electric Vehicle (EV) sector within the country. BYD Chairman and President Wang Chuanfu affirmed his company’s… Read More Here

Mining in DRC Battery Metals Lithium

Glencore Boosts DRC Presence in Ambitious Lithium Expansion Move

September 10, 2023September 10, 2023 Constance

Glencore plans to increase its exposure to the Democratic Republic of Congo to source metals vital to electric car batteries, as the commodity trading giant seeks to expand in the rapidly growing market. Glencore is making its first-ever investment in a lithium mine in the central African nation after agreeing a deal with Tantalex, a Toronto-listed group exploring for lithium in the DRC. The deal will see London-listed Glencore provide up to $55mn to Tantalex in three stages, in return for getting the rights to sell lithium from Tantalex’s Manono tailings project… Read More Here