Gecamines Spearheads Efforts for Equity and Growth in the DRC's Mining Sector 1 Mining in DRC Battery Metals Cobalt Copper 

Gecamines Spearheads Efforts for Equity and Growth in the DRC’s Mining Sector

he Democratic Republic of Congo’s (DRC’s) state miner, Gecamines, is embarking on a comprehensive strategy to maximize returns from its copper and cobalt joint ventures. With a focus on renegotiating higher stakes and asserting greater influence in management, Gecamines aims to capitalize on the global demand for minerals crucial to the green energy transition. Gecamines, under the leadership of chairperson Guy Robert Lukama, is advocating for increased representation of local executives on joint venture boards to ensure more effective asset management and decision-making. Lukama emphasizes the need to rectify past… Read More Here
Canada to accelerate critical mineral mining – energy minister 2 International Battery Metals 

Canada to accelerate critical mineral mining – energy minister

Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, energy minister Jonathan Wilkinson told Reuters on Tuesday. Ottawa is focused on six critical minerals key to making electric vehicles and wind turbines: lithium, graphite, nickel, cobalt, copper, and so-called rare earth elements. Wilkinson said the mining and processing of critical minerals was currently too dominated by China. “(We’re) looking at how do we optimize the regulatory and permanent processes so you can… Read More Here
Glencore Plans Closure or Sale of Unprofitable Nickel Mines in New Caledoni 3 International Battery Metals Lithium 

Glencore Plans Closure or Sale of Unprofitable Nickel Mines in New Caledoni

Glencore’s joint venture, Koniambo Nickel SAS (KNS), in New Caledonia, is set to transition into care and maintenance due to high operating costs and weak nickel market conditions, the company announced on Monday. Acquired as part of Glencore’s 2013 Xstrata transaction, KNS has struggled with profitability despite efforts by the French government to support the nickel industry in New Caledonia. Glencore expressed gratitude for the government’s initiatives but stated that KNS remained unsustainable, and funding further losses was not justifiable for its shareholders. The company plans to seek a new… Read More Here
Premier African Minerals Secures Funding for Zulu Lithium and Tantalum Project 4 International Battery Metals Lithium 

Premier African Minerals Secures Funding for Zulu Lithium and Tantalum Project

Aim-listed Premier African Minerals has announced plans to raise £2.48 million to advance its Zulu lithium and tantalum project. The funds will be utilized for direct operating expenses at Zulu, including final payments for equipment, mining costs, and day-to-day operations. CEO George Roach emphasized the importance of this funding, stating that it ensures the startup of plant operations at Zulu. The company remains focused on its objective and targets to commence production by next week, pending suppliers meeting their obligations. Premier has expanded its mining operations to optimize ore delivery… Read More Here
Africa Nears Milestone with First Cobalt Sulphate Refinery 5 Battery Metals Cobalt Mining in DRC Mining in Zambia 

Africa Nears Milestone with First Cobalt Sulphate Refinery

Africa is on the brink of achieving a significant milestone with plans for its inaugural cobalt sulphate refinery, poised to be operational by the end of 2025. This development, spearheaded by Nigeria-based Africa Finance Corp. (AFC) and backed by mining luminary Mick Davis’ Vision Blue, marks a crucial step in diversifying the global battery supply chain beyond China, a dominant player in cobalt refining. Last week, AFC signed an expression of interest to provide $100 million in financing to Kobaloni Energy for the construction of the refinery in Zambia. According… Read More Here
EGC and Gécamines Forge Exclusive Agreement for Cobalt Mining Rights 6 Mining in DRC Battery Metals Cobalt 

EGC and Gécamines Forge Exclusive Agreement for Cobalt Mining Rights

During the Mining Indaba event in Cape Town, South Africa, Entreprise Générale du Cobalt (EGC) and Gécamines announced an exclusive agreement granting mining rights for five squares to EGC. This deal empowers EGC to oversee artisanal cobalt mining fully. Established in 2019 as a Gécamines subsidiary, EGC monopolizes the purchase and sale of artisanal cobalt in the Democratic Republic of Congo. The recent agreement aims to normalize artisanal cobalt mining and promote local entrepreneurship, ensuring fair remuneration and better protections for workers. Gino Buhendwa Ntale, EGC’s Chairman, emphasized the importance… Read More Here
President Tshisekedi Urges Regulation to Stabilize DRC's Cobalt Market 7 Mining in DRC Battery Metals Cobalt 

President Tshisekedi Urges Regulation to Stabilize DRC’s Cobalt Market

The unchecked artisanal exploitation of cobalt ore in the Democratic Republic of Congo (DRC) is contributing to its declining prices in international markets, according to President Félix Tshisekedi. During a recent Council of Ministers meeting on February 9, 2024, President Tshisekedi highlighted the decrease in cobalt prices, which have dropped from $31,000 to $28,727 per ton since the beginning of the fourth quarter of the previous year. In response to this trend, President Tshisekedi urged the Congolese Government to implement urgent measures to regulate the cobalt market effectively and increase… Read More Here
ZCCM-IH and Kobold Mingomba JV Unveils Zambia's Biggest Copper Find in a Century 8 Mining in Zambia Battery Metals Cobalt Copper Lithium New Mining Projects Nickel 

ZCCM-IH and Kobold Mingomba JV Unveils Zambia’s Biggest Copper Find in a Century

Yesterday, Joint venture partners ZCCM-IH and KoBold Metals, a Silicon Valley company using artificial intelligence to discover critical minerals for the electric vehicle and renewable energy revolutions, discussed the details of their recent copper discovery at the Mingomba deposit.“ZCCM-IH’s goal is to ensure that Zambia’s finite mineral resources are optimized and benefit the people of Zambia,” said ZCCM-IH Board Chair Mr. Kakenenwa Muyangwa. “ZCCM-IH is proud to be an active investor partnering with Kobold Metals in the Mingomba Deposit, which is well-positioned to help create new jobs, bring significant new… Read More Here
President Hakainde Hichilema Delivers Keynote speech at the Mining Indaba 2024 9 Mining in Zambia Battery Metals Copper Events & Expos 

President Hakainde Hichilema Delivers Keynote speech at the Mining Indaba 2024

In his address at the 2024 African Mining Indaba in Cape Town, Zambia’s President Hakainde Hichilema highlighted the significant strides made in the country’s mining sector and called for continued investment to power Africa’s future. President Hichilema began by expressing condolences on the passing of Namibian President Hage G. Geingob and extended sympathies to his family and the people of Namibia. He then expressed gratitude to His Excellency President Cyril Ramaphosa and other dignitaries present. Reflecting on the progress since his last address in 2022, President Hichilema highlighted key investments… Read More Here
PRIME MINISTER OF THE DEMOCRATIC REPUBLIC OF CONGO TOATTEND MINING INDABA 2024 10 Battery Metals Events & Expos Sponsored Content 

PRIME MINISTER OF THE DEMOCRATIC REPUBLIC OF CONGO TOATTEND MINING INDABA 2024

Investing in African Mining Indaba is honoured to announce that the Prime Minister of the Democratic Republic of Congo (DRC), Jean-Michel Sama Lukonde will be attending Mining Indaba 2024 where he will deliver a keynote address on Monday 5 February at the official opening ceremony.  As one of the world’s largest producers of green metals, it is expected that Prime Minister Sama Lukonde will highlight key investment opportunities in the DRC’s mining sector at Mining Indaba. Attendees can also expect to get the latest on the partnership between the DRC… Read More Here

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