Angola: Government and Rio Tinto sign investment contract today 2 International Contracts & tenders Exploration Mining Projects News in Brief 

Angola: Government and Rio Tinto sign investment contract today

The second largest metals and mining company in the world, Rio Tinto, signs today 16th January, in Luanda, with the Angolan Government, a mining investment contract for prospecting and exploration of base metals in the province of Moxico. The information was provided by the Ministry of Mineral Resources, Oil and Gas, pointing out as the target of the contract the so-called “Moxico Concession”, which covers an area of ​​9,959 square kilometers. The list of base metals includes ores such as copper, lead, tin, aluminum, nickel and zinc. Rio Tinto, which officially entered Angola… Read More Here
SANDVIK EQUIPMENT TENDER TO BOLSTER KAMOA-KAKULA COPPER OPERATION 3 Mining Equipment Contracts & tenders Mining in DRC Mining Supply Tenders 

SANDVIK EQUIPMENT TENDER TO BOLSTER KAMOA-KAKULA COPPER OPERATION

JMMC, a subsidiary of JCHX Mining Management Co., Ltd., has announced a significant collaboration with Sandvik Mining and Rock Solutions. The deal involves the procurement of 15 new units of underground equipment destined for the Kamoa-Kakula copper operation situated in the Democratic Republic of the Congo (DRC). The comprehensive order consists of eight Toro™ TH663i trucks, five Toro™ LH621i loaders, and two Sandvik DL432i longhole production drills. The deliveries are scheduled across the initial three quarters of 2024. This acquisition will notably expand the Sandvik mobile fleet, establishing a count… Read More Here
DRC Ministry of Hydrocarbons Defends Tender Process as Transparent, Impartial, and Competitive 4 Mining in DRC Contracts & tenders Oil & Gas Petroleum 

DRC Ministry of Hydrocarbons Defends Tender Process as Transparent, Impartial, and Competitive

An investigation by the Bureau of Investigative Journalism and Reuters revealed on Thursday (November 2) that the bidding for oil and gas blocks in the Democratic Republic of Congo was tainted by apparent preferential treatment and secret deals. According to this investigation consulted by ACTUALITE.CD, a gas block was awarded to the Canadian company Alfajiri Energy Corporate even though it does not meet the prerequisites of the law regarding Hydrocarbons. In reaction, the Congolese government, through the Ministry of Hydrocarbons, believes that this investigation of people of “bad will” has… Read More Here
Panama suspends debate for First Quantum's new Mining Contract 5 International Contracts & tenders Copper 

Panama suspends debate for First Quantum’s new Mining Contract

Panama’s National Assembly decided on Thursday September 28th, to suspend the debate for a new contract with Minera Panama, the local subsidiary of Canadian miner First Quantum, as lawmakers seek a government revision of the current proposal. The assembly’s trade commission decided to suspend discussions on the contract and recommended its withdrawal for a review. Earlier this month, some members of Panama’s congress visited First Quantum’s copper mine to resolve doubts over the contract expressed across the Central American country as it debates the new changes. The contract concerns First Quantum’s flagship… Read More Here
Underground Lighting Solution for Kipushi Mining Project 6 Technology & Innovation Contracts & tenders Mining Supply Tenders 

Underground Lighting Solution for Kipushi Mining Project

BEKA Schréder has supplied the underground lighting solution to the Kipushi Project in the Democratic Republic of the Congo (DRC). The Kipushi Project, a historical underground mine located in the DRC’s province of Haut-Katanga, is adjacent to the town of Kipushi and approximately 30 kilometres southwest of the provincial capital of Lubumbashi, DRC. Kipushi Corporation (KICO), a joint venture between Ivanhoe Mines and state-owned mining company Gécamines (La Générale des Carrières et des Mines), owns the project. The mine is expected to become one of the largest zinc mines in… Read More Here
Metso Awarded Contract to Supply Processing Equipment for FQMs' Kansanshi Copper Mine Expansion 7 Mining in Zambia Contracts & tenders Copper Mining Equipment 

Metso Awarded Contract to Supply Processing Equipment for FQMs’ Kansanshi Copper Mine Expansion

Metso has received a contract from Canadian company First Quantum Minerals (FQM) for the delivery of minerals processing equipment to the Kansanshi copper mine S3 expansion in Zambia. Under the contract, which is valued at more than €20m ($21.78m), Metso will supply equipment such as apron feeders, mechanical flotation cells, high-intensity Concorde Cell units, HRT thickeners and a clarifyer. Metso said that most of the separation equipment is part of its Planet Positive offering. Metso flotation vice-president Antti Rinne said: “Kansanshi’s flotation flowsheet combines the well-proven, energy-efficient TankCell flotation cells… Read More Here
Zambia Cancels Zambezi Power Station Contract Over Cost and Procurement Issues 8 Mining in Zambia Contracts & tenders Electricity 

Zambia Cancels Zambezi Power Station Contract Over Cost and Procurement Issues

Zambia has disclosed that it will cancel a building contract given to General Electric Co. and Power Building Corp. of China because the project to construct a 2,400-megawatt power station on the Zambezi River is excessively expensive. In remarks aired last week on the state-run Zambia National Broadcasting Corp., and reported by the American news agency, Bloomberg, Zambia’s energy minister, Peter Kapala, noted that proper procurement procedures weren’t followed when the purchase was made. The dam’s development is overseen by the state-run Zambezi River Authority, which predicted last year that the project… Read More Here
DRC Govt and Chinese Companies Renegotiate Contract Amid Sabotage Attempts 10 Mining in DRC Contracts & tenders 

DRC Govt and Chinese Companies Renegotiate Contract Amid Sabotage Attempts

While the Government of the Democratic Republic of Congo (DRC) and the group of Chinese companies meet on a table to revisit the contract that binds them, some ill-intentioned people allow themselves to torpedo the efforts of the DRC. The alert was launched by the Congolese League for the Fight against Corruption (LICOCO), through a press release signed by the executive secretary of this structure, Ernest Mpararo. In a press release made public on Monday April 3, 2023, LICOCO warns these people whom it describes as “black Chinese”. While welcoming… Read More Here

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