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Category: Corporate News

Jubilee Metals Group Appoints New CFO and Head of Energy Metals for Strategic Expansion 1 Mining in Zambia Corporate News New Mining Projects 

Jubilee Metals Group Appoints New CFO and Head of Energy Metals for Strategic Expansion

arnbethnic
Jubilee Metals Group PLC announced on Monday that they’ve chosen Neal Reynolds as the new finance leader, starting on October 1. They’ve also selected Ricus Grimbreek to head up their efforts in energy-related metals. The company, which is based in London and deals with metal processing, mentioned that Pedja Kovacevic, who is currently the temporary finance leader, will continue to handle the company’s strategic planning even after Reynolds joins. Grimbreek will be in charge of Jubilee Metals’ push into energy metals, with a special focus on their plan for Zambian… Read More Here
ERG Africa signs Community Development Plan Agreement at COMIDE in the DRC 2 Environment Social Governance (ESG) Corporate News Mining in DRC 

ERG Africa signs Community Development Plan Agreement at COMIDE in the DRC

Copperbelt Katanga News
COMIDE commits to community initiatives that will deliver sustainable socio-economic benefits to its host communities over the next five years On 9 August 2023, ERG Africa’s COMIDE asset, committed to its Community Development Plan Agreement (Cahier des Charges), which outlines sustainable development initiatives benefitting 16 communities. The signing ceremony, which was held on COMIDE’s site in the Lualaba Province, was attended by the Honorable Pierrot Mwimbi, Vice-President of the Lualaba Provincial Assembly; His Excellency Mr Deodat Kapenda Wa Kapenda, Provincial Minister of the Interior (representing His Excellency Mr Jacques Kaumba… Read More Here
Barrick CEO wants to search for more copper in Zambia and Congo 3 Mining in DRC Corporate News Mining in Zambia 

Barrick CEO wants to search for more copper in Zambia and Congo

arnbethnic
Barrick Gold (ABX.TO) is keen to explore for more copper deposits in Zambia and Democratic Republic of Congo as the miner seeks to expand its presence on the African copperbelt, its CEO said on Friday. The world’s No. 2 gold miner wants to explore for deposits of the metal in southern parts of Congo, while expanding and extending the life of its Lumwana mine in Zambia, CEO Mark Bristow said. “We are looking at exploration opportunities across the country just as we are looking for exploration opportunities in southern Congo,” Bristow said… Read More Here
DRC President Visits Huawei Headquarters during China State Visit 4 Mining in DRC Corporate News 

DRC President Visits Huawei Headquarters during China State Visit

Constance
The President of the Republic, Félix-Antoine Tshisekedi Tshilombo, currently on a state visit to China, visited Huawei’s headquarters in Shenzhen on Sunday May 28, 2023. The Congolese Head of State was welcomed on site by Dr. Liang Hua, Chairman of the Board of Directors of Huawei. Together, they visited Huawei’s headquarters showroom dedicated to the latest trends in technology and the digital economy. This visit was an opportunity for the DRC and Huawei to continue their in-depth discussions on joint efforts to promote Information and Communication Technologies (ICT), digital transformation of… Read More Here
DRC President Engages with Congolese Diaspora in China, Emphasizing the Potential Benefits of China's Experience 5 Mining in DRC Corporate News 

DRC President Engages with Congolese Diaspora in China, Emphasizing the Potential Benefits of China’s Experience

Constance
The day after his arrival in Beijing, China for a four-day state visit, the Congolese Head of State, Félix-Antoine Tshisekedi, met on Thursday, May 25, 2023, with members of the Congolese community. in China. In front of his compatriots gathered at the headquarters of the Embassy of the Democratic Republic of Congo (DRC) in Beijing, President Félix Tshisekedi gave an overview of the situation prevailing in the country on the security, economic and political levels. and social. With regard to bilateral relations with the People’s Republic of China, the Congolese… Read More Here
UNDP Botswana Collaborates with Kansanshi Mining Plc to Boost Local Business Development 6 Mining in Zambia Corporate News 

UNDP Botswana Collaborates with Kansanshi Mining Plc to Boost Local Business Development

Constance
The United Nations Development Programme (UNDP) Botswana recently visited Kansanshi Mining Plc as part of an exchange program focused on Local Business Supplier Development. Facilitated by the Zambia Chamber of Mines and UNDP Zambia, the visit aimed to enhance understanding of Zambia’s mining industry and key interventions for promoting local business development. Led by UNDP Zambia Economic Advisor Domingos Mazivila, the delegation, received by Kansanshi Mining Plc’s Corporate Affairs Manager Kyansenga Chitoshi, toured the mine site and explored the company’s Corporate Social Responsibility (CSR) initiatives at the Kansanshi Community Centre.… Read More Here
Processing and Issuance of Mining Licenses in Zambia to Improve 7 Mining in Zambia Corporate News 

Processing and Issuance of Mining Licenses in Zambia to Improve

Constance
The Ministry of Mines and Minerals Development Permanent Secretary, Dr. Hapenga Monty Kabeta, announced today 12th may that the Mining Cadastre Department has been facing a significant backlog of mining license applications. The backlog accumulated during an eight-month closure of the Cadastre Office, which aimed to review and streamline its operations, following its reopening in November 2022. Since resuming operations, the department has received over 2000 applications, which are currently being processed. Dr. Kabeta has assured mining stakeholders that the backlog of mining license applications will be cleared by 31st… Read More Here
Over 20,000 Mining Employees Miss Out on NAPSA's Benefits in Zambia 8 Mining in Zambia Copper Corporate News 

Over 20,000 Mining Employees Miss Out on NAPSA’s Benefits in Zambia

Constance
Successive Zambian government has awarded tax and non-tax incentives to large-scale mining companies resulting in over 20,000 employees and ex-employees of Konkola Copper Mines (KCM) and Mopani Copper Mines (MCM) missing out on the National Pension Scheme Authority (NAPSA) partial withdrawal benefits even after working for over a decade for the two mining houses. Although the National Pension Scheme Amendment Bill 2023 has been signed into law, allowing for the partial withdrawal of pensions, about 12,000 KCM employees and ex-employees and over 10,000 Mopani employees and ex-employees do not qualify… Read More Here
Zimbabwe to Launch Gold-Backed Digital Currency 9 International Corporate News 

Zimbabwe to Launch Gold-Backed Digital Currency

Constance
Zimbabwe’s central bank has announced plans to introduce a gold-backed digital currency to the public from May 8th. The move is aimed at stabilizing the country’s currency, which has fallen 35% against the US dollar this year, and providing an alternative to the US dollar for transactions. The digital tokens will be sold through banks in local and foreign currency at a 20% margin above the interbank mid-rate, and will be introduced in two phases. Initially, they will be used for investment purposes before being rolled out for transactions. According… Read More Here
DRC'S Finance Minister insists on certifying MIBA's reserves before implementing $453M recovery plan 10 Mining in DRC Corporate News 

DRC’S Finance Minister insists on certifying MIBA’s reserves before implementing $453M recovery plan

Constance
The “MIBA SA” has been experiencing serious difficulties for twenty years, the first visible signs of which appeared around 1998. They worsened over time to lead to the cessation of production in November 2008 and to resume in 2011 to date at an insignificant level. This company expects the government to finance its recovery plan estimated at 453 million USD to be implemented in 5 years.  The Minister of Finance, Nicolas Kazadi addressed the issue relating to the recovery plan for the Minière de Bakwanga (MIBA) during the press briefing held… Read More Here

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