Category: CKM Newsletter

          DR Congo & Zambia’s Premier Mining News Your top stories this week       FQM Approves US$ 1.2 Billion for Kansanshi S3 Expansion and Enterprise Nickel Project First Quantum Minerals Ltd. is pleased to announce that the Company’s Board of Directors has approved the S3 Expansion at the Kansanshi mine and the Enterprise nickel project. “First Quantum has been working constructively with the Government of Zambia’s New Dawn administration as part of their efforts to reform the mining sector, attract investment and increase Zambia’s… Read More Here

            DR Congo & Zambia’s Premier Mining News Our top stories this week Félix Tshisekedi and Hakainde Hichilema decide to harmonize their development policies and strategies for their two countries DRC Head of State Félix Tshisekedi and his Zambian counterpart Hakainde Hichilema decide to harmonize their development policies and strategies vis-à-vis the mining and industrial sector for the success of the market relating to the establishment of a value in the electric battery and clean energy sector. To do this, they have set up a… Read More Here

          DR Congo & Zambia’s Premier Mining News Our top stories this week   DRC Adds Glencore’s Subsidiary, to the Ongoing Process of Renegotiating Mining Contracts The Democratic Republic of Congo has added Glencore’s subsidiary, namely Mutanda Mining (MUMI), to the ongoing process of renegotiating mining contracts. The decision to investigate Mutanda comes as President Félix Tshisekedi makes no secret of his intention to review extractive deals made under his predecessor, Joseph Kabila. Already, the Presidency of the Republic is reviewing the copper and… Read full… Read More Here

              DR Congo & Zambia’s Premier Mining News Our top stories this week       Kamoa Copper’s New Production Record for First Quarter 2022, 55,602 Tons Kolwezi, Democratic Republic of Congo – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new quarterly production record in the first quarter of 2022, with 55,602 tonnes of copper in concentrate produced. Kamoa Copper… Read More Here

            DR Congo & Zambia’s Premier Mining News Our top stories this week     Moxico Resources plans to invest $100 million Britain’s Moxico Resources plans to invest $100 million to expand its majority-owned Mimbula copper mine in Zambia, UK Minister for Africa Vicky Ford said on Wednesday. The investment will create new jobs and increased tax revenues for Zambia’s government, Ford said in a statement released by the British High Commission in Zambia while she was on a visit to the country. Ford was… Read More Here

        DR Congo & Zambia’s Premier Mining News Our top stories this week     Four mining companies based in the DRC produced 41% of the global cobalt stock Four mining companies based in the Democratic Republic of Congo produced nearly 41% of the cobalt stock produced worldwide, according to a report by the NGO Natural Resource Governance Institute (NRGI). These companies include Kamoto, Tenke Fungurume, Metalkol RTR and Etoile operating in a market that concerns relatively few countries and companies. According to this report, this concentration…… Read More Here

          DR Congo & Zambia’s Premier Mining News Our top stories this week    Kamoa- Kakula Phase 2, 3.8 million TPA Concentrator Commissioned Ahead of Schedule Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chair Robert Friedland is pleased to announce today at the Financial Times Global Commodities Summit, to an audience of international mining and market leaders, the start of hot commissioning of the Phase 2, 3.8-million-tonne-per-annum concentrator plant at the Kamoa-Kakula Mining Complex. In addition, the first filtered copper concentrate production from… Read full details   … Read More Here

    DR Congo & Zambia’s Premier Mining News Our top stories this week Milingo Lungu has resigned from his position as Konkola Copper Mines Plc Provisional Liquidator with immediate effect The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), a company over which Vedanta Resources and the Zambian government have been locked in a long dispute, has resigned. Milingo Lungu has resigned from his position as Konkola Copper Mines Plc Provisional Liquidator with immediate effect. According to his resignation letter dated March 17, 2022 and addressed to KCM official… Read More Here

      DR Congo & Zambia’s Premier Mining News Our top stories this week   Zambia and the DRC agree to set up a common governance framework, called the DRC-ZAMBIA Battery Council As part of the cooperation agreement on the establishment of a value chain on the manufacture of batteries and clean energies in the very next few days, between the Congolese President Félix Antoine TSHISEKEDI TSHILOMBO and his Zambian counterpart Hakande HICHILEMA, the Minister of Finance, Nicolas KAZADI, took an active part in a meeting in LUSAKA in… Read More Here

      DR Congo & Zambia’s Premier Mining News Our top stories this week   African Energy Metals has acquired Whiskey Cobalt Mining’s (WCM’s) interest in the Manono tin, tantalum and lithium project TSX-V-listed African Energy Metals has acquired Whiskey Cobalt Mining’s (WCM’s) interest in the Manono tin, tantalum and lithium project, in the prolific Manono area in the Tanganyika province of south-east Democratic Republic of Congo. The disposal by WCM of the project, comprising an exploitation permit covering about 30 km2, will involve WCM assigning African Energy Metals… Read More Here