Energy - Copperbelt Katanga Mining

Calls for tenders for the acquisition and exploitation of 16 oil blocks- DRC

May 3, 2022May 3, 2022 admin

The Congolese Minister of Hydrocarbons, Didier Budimbu, announces that he will proceed to calls for tenders for the exploitation of the oil blocks recovered by the Government from July 28 to 29, 2022 in Kinshasa. These operations will take place under the high patronage of the Congolese Head of State, Félix Antoine Tshisekedi, informs the communication service of the Ministry of Hydrocarbons. Through these tenders, the Government intends to get its hands on investors capable of enabling the country to increase its oil exploitation. According to the Minister of Hydrocarbons,… Read More Here

Mining in DRC Electricity Energy

DRC government called on to make country’s electrification project urgent

May 1, 2022May 1, 2022 arnbethnic

The President of the Republic Félix Tshisekedi during the 51st meeting of the Council of Ministers reminded the members of the government that the constitution of the republic enshrines the right of access to drinking water and electricity for anyone on the Congolese soil. This right is therefore constitutive of an obligation of execution for the government in spite of the ultra-priority nature of the electrification of the country. According to him, the situation in this sector is slowly changing. “This situation weighs heavily on the social life of our fellow… Read More Here

Mining in Zambia Energy

Fuel prices set to affect number of investors willing to invest in the mining sector- Zambia

April 21, 2022April 21, 2022 admin

The Emeralds and Semi-Precious Stones Mining Association of Zambia-ESMAZ have stated that due to the high cost of fuel, the mining sector is expected to attract low investment this year. The increase in fuel prices, according to Association President Victor Kalesha, will reduce the number of investors willing to invest in the mining sector because mining is a high-cost venture, and an increase in fuel prices will result in higher production costs. In an exclusive interview, Kalesha said that artisanal small-scale miners and other small-scale miners had hoped that the… Read More Here

Copper Energy Mining in Zambia

Green energy transition presents ‘unparalleled’ opportunity for Zambia

March 31, 2022March 31, 2022 admin

The green energy transition presents an “unparalleled” opportunity for Zambia, but for it to work, the mining sector needs a fair, predictable and stable regulatory framework, law firm Herbert Smith Freehills partner and Africa co-chair Peter Leon said during an address at the Chatham House Conference, in Lusaka, Zambia, on March 30. The administration of President Hakainde Hichilema has previously stated its intention to increase the country’s copper production from about 800 000 t/y to about three-million tons a year within the next decade to meet the surge in demand for materials that enable the green energy transition. Mining is currently Zambia’s dominant industry, accounting… Read More Here

Mining in DRC Energy Oil & Gas

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

March 22, 2022March 22, 2022 admin

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