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Category: Battery Metals

4IR Technologies to Boost Competitiveness of Africa’s Mining Industry 1 Mining technology Battery Metals Cobalt Copper Diamond Environment Social Governance (ESG) Equipment & Technology Gold International 

4IR Technologies to Boost Competitiveness of Africa’s Mining Industry

Constance
In addition to serving as an important aspect of the global energy transition, critical mineral resources represent a crucial source of revenue for many African nations. As a result, the continent is well-positioned to leverage and embrace Fourth Industrial Revolution (4IR) technologies – including artificial intelligence (AI), automation, data analytics and predictive modeling – to optimize production processes, enhance decision-making and render its mining sector more competitive globally. Set to define the future of mining, real-time data analytics provide additional insights into underlying mining systems and enable short interval control… Read More Here
KoBold Metals Aims to Revolutionize Copper Mining in Zambia 2 Mining in Zambia Battery Metals Cobalt Copper Exploration 

KoBold Metals Aims to Revolutionize Copper Mining in Zambia

Constance
KoBold Metals, backed by a group of influential billionaires, including Bill Gates and Jeff Bezos, has unveiled ambitious plans to establish a copper-cobalt mine in Zambia within the next decade. The California-based company, which allocated $150 million to the Mingomba project earlier this year, intends to explore additional copper deposits at this site, hailed as the world’s highest-grade undeveloped copper resource. KoBold, boasting the world’s leading mining company, BHP, among its shareholders, anticipates completing further exploration at the property in the coming year. Mfikeyi Makayi, CEO of KoBold Metals, remarked,… Read More Here
DRC Requires a Minimum of $30 Billion for Electric Battery Industry Development 3 Mining in DRC Battery Metals 

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

Constance
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 4 Battery Metals Mining in DRC Mining Policy 

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

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
18 Recommendations to Improve Mining and Industrial Governance from the DRC-Africa Battery Metals Forum 2023 5 Mining in DRC Battery Metals 

18 Recommendations to Improve Mining and Industrial Governance from the DRC-Africa Battery Metals Forum 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
Global Electric Battery Market Projected to Reach USD 1,298.32 Billion by 2027 6 Mining in Zambia Battery Metals Mining in DRC 

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

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
DRC Claims Only 3% of the Global Cobalt Value Chain 7 Mining in DRC Battery Metals Cobalt Mining revenue 

DRC Claims Only 3% of the Global Cobalt Value Chain

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
Zambia Revenue Authority Seizes Truck Carrying Lithium in Anti-Smuggling Operation 8 Mining in Zambia Battery Metals Lithium 

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

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
EU Commissioner Reassures Investment in DRC's Critical Minerals 9 Mining in DRC Battery Metals Cobalt Copper Lithium 

EU Commissioner Reassures Investment in DRC’s Critical Minerals

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
Glencore Strikes Strategic Agreement with Tantalex 10 Mining in DRC Battery Metals Cobalt Lithium Partnership 

Glencore Strikes Strategic Agreement with Tantalex

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

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