Battery Metals - Copperbelt Katanga Mining

Critical Metals Secures Offtake Deal for 20,000 Tons of Copper Oxide Ore in DRC

October 9, 2023October 9, 2023 Constance

Critical Metals has recently finalized an offtake agreement with OM Metal & Resources. This agreement paves the way for the sale of a minimum of 20,000 tons of copper oxide ore originating from its flagship project, the Molulu copper/cobalt venture, situated in the Democratic Republic of Congo (DRC). The agreement is valid from October 4 to December 31 and can be renewed upon mutual agreement by both parties. Throughout the contract duration, Critical Metals aims to supply OM with copper ore featuring an average minimum acid-soluble copper grade of 1.5%.… Read More Here

International Battery Metals

Kenya Proposes Comprehensive Mining Act Reform to Boost Industry Growth

October 6, 2023October 6, 2023 Constance

Kenya’s parliament has put forward a series of reforms aimed at revitalizing the country’s mining sector, building stronger government control, and overseeing critical minerals. These proposals, introduced in October, seek to modernize the existing Mining Act of 2016. One of the key reforms involves the establishment of a Mining Regulatory Authority. This authority will play a pivotal role in supervising every aspect of the critical minerals value chain, spanning exploration, extraction, production, processing, refining, transportation, storage, importation, and sale. Traditionally, the government has provided advisory support to the mineral industry.… Read More Here

Mining in Zambia Battery Metals Copper

Sibanye Stillwater Sees Opportunity in Mopani Copper Mines Investment

October 5, 2023October 5, 2023 Constance

Sibanye Stillwater, a contender among investors vying to acquire Mopani Copper Mines, has emphasized that the required funds for expanding production and ensuring profitable operation of the Zambian assets are not exorbitant. The South African precious metals producer, headquartered in Johannesburg, has secured a place on the shortlist of potential buyers for the copper mines owned by a Zambian government subsidiary. The future owner of Mopani is expected to make substantial investments aimed at increasing copper production to approximately 200,000 tons per year by 2027. According to Neal Froneman, CEO… Read More Here

Mining in DRC Battery Metals Mining in Zambia

DRC Aims to Transform Battery Supply Chain

October 1, 2023October 1, 2023 Constance

The Democratic Republic of Congo (DRC) is looking to shift its focus from exporting raw materials to processing them locally to enhance economic benefits. And Zambia’s Minister of Mines, Paul Chanda Kabuswe, emphasized the importance of moving up the value chain to benefit local communities during the recent DRC-Africa Battery Metals Forum. Congo currently holds a significant share of global cobalt production, mainly exporting the metal for battery manufacturing. Both Congo and Zambia have plans to establish a special economic zone for processing raw materials into preliminary products for the… Read More Here

Mining in DRC Battery Metals Cobalt

DRC’s Prime Minister Launches Workshop for Responsible Supply Standards in the Cobalt Sector

September 29, 2023September 29, 2023 Constance

Prime Minister Jean-Michel Sama Lukonde inaugurated the validation workshop for the General Company of Cobalt’s (EGC) responsible supply standards on September 28, 2023, at the Espace Roméo golf venue in Kinshasa Gombe. The workshop aims to refine the EGC responsible sourcing standards (‘EGC Standards’) developed and approved by the EGC Technical Committee, aligning with the Democratic Republic of Congo’s (DRC) laws and standards set by ARECOMS, the Small Scale Mining Assistance and Supervision Service (SAEMAPE), and the Center of Expertise, Evaluation, and Certification of Precious and Semi-Precious Mineral Substances (CEEC).… Read More Here

Mining in Zambia Battery Metals Cobalt Lithium Mining in DRC Partnership

EU Nurtures Partnerships with DRC and Zambia to Secure Critical Materials

September 28, 2023September 28, 2023 Constance

The European Union (EU) is working on partnerships with the Democratic Republic of Congo (DRC) and Zambia to strengthen local industries in the face of growing competition with China for essential resources in the green and digital sectors. A forthcoming memorandum of understanding will signify the EU’s support for cultivating local value chains, especially since a significant portion of critical material processing, such as lithium and cobalt, currently occurs in China. The EU’s objective is to diversify the suppliers of crucial resources and counter China’s substantial infrastructure investments in regions… Read More Here

Mining in DRC Battery Metals Cobalt

Cobalt Prices Slide in 2023 in DRC, Posing Climate Change Challenge

September 27, 2023October 1, 2023 Constance

Since the start of the current year (2023), the price of cobalt, a strategic mineral for the fight against climate change, has continued to fall on international markets. This mineral, highly coveted in particular by automobile manufacturers, should once again experience a drop in price during the period from September 25 to 30, 2023, inform experts from the National Mercurial Commission of the Ministry of Foreign Trade of the Democratic Republic of Congo ( DRC). According to the source, a tonne of cobalt should trade at USD 32,731.00 this week… Read More Here

Mining in DRC Artisanal mining Battery Metals Cobalt Copper Mining in Zambia

DRC Partners with Buenassa for Pioneering Copper-Cobalt Plant

September 26, 2023September 26, 2023 Constance

The Democratic Republic of Congo (DR Congo) has embarked on a strategic initiative to formalize artisanal mining while contributing to the global shift towards electric vehicles. DR Congo is a major player in the green-energy transition, being a leading supplier of cobalt, a crucial element in electric vehicle batteries, and ranking among the world’s top copper producers. To bolster these efforts, DRC is throwing its support behind Buenassa, a domestically owned company, to establish a new copper-cobalt plant. This pioneering project is set to cost approximately $350 million, with Delphos… Read More Here

Mining in DRC Battery Metals Events & Expos

DRC’s public and private sectors called upon to work together for a qualified workforce

September 26, 2023September 26, 2023 Constance

During the inaugural day of the DRC-Africa Forum on battery metals, the issue of a qualified workforce in the Democratic Republic of Congo (DRC) took center stage. The forum, themed “Creating Wealth in the Battery Metals Value Chain in the DRC and Africa,” brought together stakeholders from both the private sector and government to discuss this critical matter. Mining companies in the DRC emphasized the need for a change in the national training policy to address the shortage of skilled labor, which has been a concern for investors. They highlighted… Read More Here

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

September 26, 2023September 26, 2023 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