Cobalt - Copperbelt Katanga Mining

DRC Govt Defends Against Threat of Cobalt Banishment

August 2, 2023August 2, 2023 Constance

In an official statement, the Congolese Government, through the Ministry of Mines, being aware of the threats of banishment of Congolese cobalt on the international market, gives clarifications of all the efforts undertaken so far for the development and securing of the artisanal extractive sector in order to comply with both environmental requirements and those of governance and traceability of minerals. For the Minister of Ministers who signed this press release, the formalization of the artisanal mining sector is done in full respect of the Mining Code and its implementing… Read More Here

Divergent Policies in Zambia and Zimbabwe: Critical Minerals to Rescue?

July 31, 2023July 31, 2023 Constance

In late 2022, Lake Kariba, the world’s largest dam reservoir, experienced record-low water levels, leading Zimbabwe to halt electricity generation at the Kariba Dam’s South Power Station, while neighboring Zambia faced water rationing during an economic crisis. Both countries possess significant mineral reserves that could contribute to global energy transitions. However, they are grappling with climatological shifts that are destabilizing Southern African states, with floods, droughts, and cyclones becoming frequent and devastating events. The reliance on hydropower, which constitutes over 20 percent of the region’s energy mix, makes the impact… Read More Here

Mining in Zambia Battery Metals Cobalt Lithium Mining in DRC

Africa’s Rising Role in the Global Energy Transition: Striving for Sustainable Partnerships

July 26, 2023July 26, 2023 Constance

As global leaders unite to combat climate change and steer the world towards cleaner energy sources, the significance of critical minerals in the energy transition is becoming increasingly apparent. African countries, grappling with the consequences of climate change, are emerging as pivotal players in reducing global carbon emissions while possessing abundant reserves of vital minerals required for the shift. The African continent is a treasure trove of critical minerals essential for advancing the energy transition. These minerals encompass copper, crucial for power lines; cobalt, nickel, lithium, and graphite, necessary for… Read More Here

Mining in DRC Artisanal mining Cobalt

Families Depend on Income from Child Labour in DRC’s Cobalt Mines to Stave Off Hunger

July 26, 2023July 26, 2023 Constance

Amidst soaring expenses, countless families find it increasingly challenging to make ends meet, leaving many to suffer from hunger. In dire circumstances, children are compelled to work to contribute to their family’s income, leading to a dependence on child labor to cover basic necessities like food, clothing, and school fees. A recent research report titled “How Households Depend on Children’s Income: The Case for Improving Women’s Livelihoods to Eliminate Child Labor in Democratic Republic of Congo’s Cobalt Sector,” conducted by IMPACT reveals that women’s income plays a pivotal role in… Read More Here

Mining in DRC Cobalt Copper Events & Expos Gold

Equity Holding Showcases Congo’s Mining Potential in Kenya-DRC Roadshow

July 21, 2023July 21, 2023 Constance

As part of the Kenya-DRC Roadshow, the Equity Holding Group organized an investment promotion mission for the Democratic Republic of Congo, mobilizing all investors from several corners of the planet: United States, Dubai, United Kingdom and others. During a business lunch, the mining potential of the DRC was presented, this Wednesday, July 19, 2023, at the Hôtel du Fleuve in Kinshasa. According to the CEO of EquityBCDC, Célestin Mukeba, two mining giants have presented their success stories to encourage and encourage other investors to follow in their footsteps. “Generally, the… Read More Here

Mining in DRC Cobalt Copper

CMOC agrees to pay $800 million to end row with Congo’s Gecamines

July 20, 2023July 20, 2023 Constance

China’s CMOC Group has agreed to pay Congo state mining firm Gecamines $800 million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the country, the Chinese company said on Tuesday July18th. CMOC said in a statement it will start paying the settlement fee this year and complete payment by 2028. The Chinese mining company also said TFM will pay cumulatively at least $1.2 billion in dividends to Gecamines over the life of the project starting this year. “CMOC will further consolidate partnerships with Gecamines and expand… Read More Here

Mining in Zambia Cobalt Copper Mining tax

Anglo American joins efforts to create sustainable mining taxation solutions

July 17, 2023July 17, 2023 Constance

Anglo American joined representatives of government, civil society and other stakeholders in the mining sector at a global conference in Lusaka to discuss the future of resource taxation, as part of the launch of a new guide on the subject by the Inter-governmental Forum (IGF) on Mining. Those attending were seeking to find effective solutions to promote transparency and sustainable development in the mining sector. The conference was officially opened by the Minister of Finance and National Planning Dr Situmbeko Musokotwane, who expressed confidence in the three-day event’s potential to facilitate constructive… Read More Here

Mining in DRC Cobalt Copper Economy

Global Copper Prices Continue to Stay Below USD 8,000 per Tonne

July 14, 2023July 14, 2023 Constance

The general trend of mining products exported from the Democratic Republic of Congo (DRC) oscillates between rising and falling prices on international markets for the period from July 10 to 15, 2023. According to projections made by experts from the National Commission of Mercurials of the Ministry of Foreign Trade, copper should see a drop in price this week to trade this week at 8,265.70 USD against 8,445.85 USD last week. elapsed, i.e. a price drop of around 180.15 USD. Zinc and tantalum are also expected to experience lower prices… Read More Here

Mining in DRC Battery Metals Cobalt Copper

Global Cobalt Prices Surge to $31,549.00 USD per Tonne

July 14, 2023July 14, 2023 Constance

After almost a year of decline on the international markets, the cobalt market is again showing firmness, inform the specialists in the field. According to projections made by experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, cobalt should register a significant price increase on world markets during the period from July 10 to 15, 2023. According to the figures put forward by Congolese government experts, cobalt should trade at 31,549.00 USD per tonne this week against 28,840.00 USD a week earlier, i.e. a positive… Read More Here

Mining in DRC Battery Metals Cobalt

Sino-US Rivalry Intensifies for DRC’s Strategic Minerals

July 14, 2023July 14, 2023 Constance

The very rare riches of the Democratic Republic of Congo’s subsoil, cobalt as a bonus, are at the heart of the opposition of interests between the United States and China in a world in the midst of a race to control strategic minerals for the energetic transition. A bill requiring the establishment of a U.S. national strategy to secure critical mineral supply chains from the Democratic Republic of the Congo was introduced Tuesday, July 11, 2023, in the U.S. House of Representatives, by John James , president of the Africa… Read More Here