Cobalt - Copperbelt Katanga Mining

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

Mining in DRC Cobalt Copper Mining in Zambia

Top 5 copper and cobalt mines in Africa by potential production

July 13, 2023July 13, 2023 Constance

Used for the production of lithium-ore batteries, copper and cobalt are becoming increasingly sought after as nations move to transition to a renewable energy future. A 2023 Battery Metals report by Creamer Media anticipates global copper production to increase by an average rate of 3.2% a year between 2022 and 2031, with output rising from 2.1 million tons to 28.2 million tons per year (t/y) during the same period. In this scenario, the report states that Africa – rich in copper and cobalt among other critical minerals – stands to… Read More Here

Mining in DRC Cobalt Copper

China’s CMOC restarts copper and cobalt exports from DRC’s TFM mine

July 11, 2023July 11, 2023 Constance

China’s CMOC Group said on Monday July 10th that it has resumed exports of copper and cobalt from its TFM mine in the Democratic Republic of Congo, in the first confirmation of shipments after it resolved a dispute with the state miner in April. Exports from the Tenke Fungurume Mining (TFM) operation, which in 2021 supplied 10% of the world’s cobalt, were halted in July 2022 after a row erupted with state miner Gecamines over mineral royalty payments. The dispute was resolved in April, but at the time, neither side disclosed… Read More Here