Category: CKM Newsletter

          The DRC & ZMB’s Top Mining News Platform Your top stories this week     Zambia limits mining companies to five licenses…   “We have reviewed the mining sector regime in order to encourage more investment and increase the participation of Zambians in the mineral value chain. We are in the process of re-opening the Mining Cadastre Department and floating bids for the blocked mining rights to companies which are wholly or partly owned by Zambians. Furthermore, we will restrict to only five, the number… Read More Here

        The DRC & ZMB’s Top Mining News Platform Your top stories this week   Mining giants operating in the DRC have expressed an interest in taking joint action to improve the social conditions of children…   Mining giants operating in the Democratic Republic of Congo (DRC) including Kamoa Copper, Tenke Fungurume Mining, MMG and KICO have expressed an interest in taking joint action to improve the social conditions of children whose lives are negatively impacted by mining in the province of Haut-Katanga. This initiative was welcomed… Read More Here

        The DRC & ZMB’s Top Mining News Platform Your top stories this week   Kamoa Copper sets a new quarterly production record in the third quarter of 2022, with 97,820 tonnes of copper concentrate produced …   Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new quarterly production record in the third quarter of 2022, with 97,820 tonnes of copper in concentrate produced. Kamoa-Kakula’s Phase 1 and 2 concentrator plants set a monthly production record in September 2022 of 33,484 tonnes of… Read More Here

        The DRC & ZMB’s Top Mining News Platform Your top stories this week   Zambia plans to reduce its budget deficit next year, even as it makes further cuts to copper mining royalties…   Zambia plans to reduce its budget deficit next year, even as it makes further cuts to copper mining royalties, Finance Minister Situmbeko Musokotwane said. The spending shortfall will shrink to 7.7% of gross domestic product in 2023, from a revised 9.8% forecast for this year, Musokotwane told lawmakers Friday in Lusaka, the… Read More Here

        The DRC & ZMB’s Top Mining News Platform Your top stories this week Ivanhoe mines is quoted by Vidiye in his corruption and influence peddling case… The Canadian mining company whose activity is concentrated in the Democratic Republic of the Congo around production from the copper mine in joint venture of Kamoa-Kakula and the historical mine of zinc-copper-germanium-silver of Kipushi, Ivanhoe mines is quoted in a case of corruption and influence peddling. In a widely shared video revealing the direct involvement of a close associate of… Read More Here

          The DRC & ZMB’s Top Mining News Platform Your top stories this week   DRC & Zambia Cobalt Marketing Could Draw Inspiration from SADC’s Diamond Sales System   The NGO Southern African Resources Watch (SARW) has in a recently published policy brief entitled “Harmonization of lithium battery manufacturing policies in Southern Africa: collaboration between the DRC and Zambia”, recommended to the Democratic Republic of Congo and Zambia to draw inspiration from the marketing systems used by the SADC countries, in their implementation of the joint… Read More Here

        DR Congo & Zambia’s Top Mining News Platform Your top stories this week     Kamoa Copper floated 34,408 tonnes of copper, a monthly record…   During the month of August, Kamoa Copper milled 686,217 tonnes of ore at an average feed grade of 5.8% copper, equivalent to an annualized processing rate of approximately 8.2 million tonnes for Phase 1 and 2. Kamoa Copper floated 34,408 tonnes of copper, a monthly record, and produced 31,150 tonnes of filtered copper in concentrate for sale. The floated copper… Read More Here

          DR Congo & Zambia’s Top Mining News Platform Your top stories this week   More Tax Exemptions by Suspending Import Taxes on Mining Equipment and Machinery…   Zambia’s Finance Minister Situmbeko Musokotwane has yet again given mining companies more tax exemptions by suspending import taxes on mining equipment and machinery. This is additional to the making of mineral royalty tax deductible which resulted in the country losing about $200 million in lost revenue. Mineral Royalty Tax (MRT) was introduced to bring certain loss making mining… Read More Here

          DR Congo & Zambia’s Top Mining News Platform Your top stories this week   Top Global Mining Companies are getting increasingly involved in the Central African Copper Belt… Major mining companies are getting increasingly involved in the Central African Copper Belt, expanding existing operations and exploring for new discoveries as the positive fundamentals for copper in terms of soaring demand and limited new supply remain in place. Those groups include Barrick Gold, Anglo American, Ivanhoe Mines and First Quantum, which are stepping up their investments… Read More Here

          DR Congo & Zambia’s Top Mining News Platform Your top stories this week   For Kamoa-Kakula, Ivanhoe Mines announced the sale to a volume of 85,794 tons of copper bringing in revenues of 494.1 million USD… According to the related report, 253.1 million USD were made in the Democratic Republic of Congo (DRC) as profits. For Kamoa-Kakula alone, a mining complex operated in the DRC by the Kamoa Copper company, Ivanhoe Mines announced the sale to a volume of 85,794 tons of copper bringing in… Read More Here