Energy - Copperbelt Katanga Mining

Expo Dubai 2020: Didier Budimbu touts DRC oil reserves estimated at 22 billion barrels 1

The Minister of Hydrocarbons of the Democratic Republic of Congo, Didier Budimbu, presented investment opportunities in the Hydrocarbons sector, highlighting the country’s oil reserves estimated at 22 billion barrels. Present at the Business Forum with the employers of the United Arab Emirates at the Dubai Chamber of Commerce, the Minister of Hydrocarbons, Didier Budimbu, praised, on Monday March 21, 2022, the projects and opportunities to invest in the DRC in this promising sector. He informed investors in the United Arab Emirates that the DRC is full of enormous potential in… Read More Here

Energy Mining in Zambia

ZDA follows up on Central African Renewable Energy Corp on Fuel Project

March 22, 2022March 22, 2022 admin

Recently the Zambia Development Agency took time to tour the Central African Energy Corporation (CARE) demonstration site in Shantumbu area on a fact finding mission. The tour was meant to help the Agency understand and get firsthand information on the fuel project. So far the company has invested over US$250 000 in research and the construction of the demonstration plant which is currently able to produce 600 liters of fuel per day. The company is not only producing the much needed FUEL which is very key in propelling economic development… Read More Here

Copper Energy Mining in Zambia

First Quantum to power Zambia copper mines with wind, solar

March 22, 2022March 22, 2022 admin

First Quantum Minerals Ltd. plans to power its copper mines in Zambia through a $500 million solar and wind energy installation funded by a TotalEnergies SE-backed company and Chariot Ltd. Electricity shortages have, in the past decade, hurt mining operations in the southern African nation that relies almost completely on hydropower. The project is also a shift for Vancouver-based First Quantum that had planned on investing in a 300-megawatt coal-power project in neighboring Botswana to supply the Zambian mines. A 230-megawatt solar plant and 200-megawatt wind farm will be built… Read More Here

International Energy

World: Ukraine-Russia war, four products exported by the two countries should experience a price increase

March 19, 2022March 19, 2022 admin

With the Russian invasion in Ukraine, the various commodity markets around the world were shaken. According to several analysts, commodity prices also rose due to supply disruptions caused by the Russian invasion. A situation that has blocked the flow of grain and metals from the region. Given the strategic role that Russia and Ukraine play in international commodity markets, both are major exporters of commodities such as wheat and grains, petroleum, natural gas, coal, gold and other precious metals. Below are the main export products from Ukraine and Russia whose distribution… Read More Here

Energy

Ivanhoe invests initial R200m in Renergen to secure clean energy for Platreef

March 14, 2022March 14, 2022 admin

Canadian miner Ivanhoe Mines has invested R200.6-million ($13.3-million) in South African natural gas and helium producer Renergen by buying more than 5.6-million Renergen shares, at R35.625 a share. The placement is within the company’s existing pre-approved placement capacity, and means that Ivanhoe will now acquire an initial strategic shareholding in Renergen and, subject to its evaluation of the company and the scalability of operations, may thereafter become a strategic partner and major shareholder in Renergen. The conditional option provides for Ivanhoe to potentially invest up to $250-million in Renergen, with… Read More Here

Energy Oil & Gas

Namibia’s new era of hydrocarbon exploration and production

March 8, 2022March 8, 2022 admin

As Namibia’s second important discovery in recent weeks, Namibia’s oil and gas industry is set to create an influx of new investment, and local content opportunities for the country. The African Energy Chamber (EnergyChamber.org) sat with Ian Cloke, COO Afentra to discuss the enormous potential of what could engineer Namibia’s new era of hydrocarbon exploration and production for the country. How will Namibia’s growing oil and gas sector transform the country’s economy? Oil and gas development, depending on the scale, can lead to a transformation of a country’s economy; delivering high skilled… Read More Here

International Energy Oil & Gas

World: War in Ukraine,barrel of oil goes from 104 to 113.02 USD in one week on the international market

March 3, 2022March 3, 2022 admin

The consequences of Russian military operations in Ukraine are likely to be disastrous for the global economy. On the sixth day of the war in Ukraine, crude oil prices continued to soar on the international market. The West Texas Intermediate (WTI), also called Texas Light Sweet which is a variation of crude oil serving as a standard in the fixing of the price of crude and as a raw material for oil futures contracts with the Nymex (New York Mercantile Exchange ), the stock market specializing in energy, rose on… Read More Here

Mining in DRC Energy

The Inga 3 project is far from being a priority for the DRC, say three civil society structures

February 21, 2022February 21, 2022 admin

Three structures of the company operating in the energy sector have estimated that the Inga 3 project is far from being a priority for the Democratic Republic of Congo (DRC). In a report titled “Inga 3: Too High a Price – A Study of the Socio-Economic Costs of the Inga 3 Dam for South Africa”, the Coalition of Civil Society Organizations engaged in monitoring reforms and public action (CORAP), lnternational Rivers & Women and Solidarity Woman (FESO). Indeed, this report is based on studies conducted by financial experts from the… Read More Here

Energy Oil & Gas

Congo’s Gas Master Plan Promises to Expand Export Opportunities and Domestic Development

January 27, 2022January 27, 2022 admin

In a bid to optimize the country’s gas potential and revitalize its hydrocarbons sector, the Congo has put together and launched, at the end of 2021, a plan to put its estimated 10 trillion cubic feet of natural gas reserves to good use. The new Gas Master Plan (GMP) is designed to promote gas utilization and attract foreign direct investment, while reducing its dependency on oil revenues and expanding the country’s power grid. Developed by the Ministry of Hydrocarbons and Wood Mackenzie, guided by Société Nationale des Pétroles du Congo… Read More Here

Mining in DRC Energy Petroleum

DRC is revising the price structure of petroleum products in the South and East zones

January 23, 2022January 23, 2022 arnbethnic

The question of the shortage of petroleum products in the South and East zones was the subject of discussions, on Wednesday January 19, 2022, between the Minister of the National Economy and that of Hydrocarbons. In the light of these exchanges, the two members of the Sama Lukonde Government did not rule out a possible update of the price structure of petroleum products in these two zones considered by the end of this week. Having taken into account the measure of the current overheating, the two Ministers who are trying… Read More Here