Energy - Copperbelt Katanga Mining

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

Mining in DRC Energy

DRC: The experience of SICOMINES SA with the Busanga dam to be capitalized in the 217 hydroelectric sites of the DRC

January 20, 2022January 20, 2022 admin

A group of mining experts suggested capitalizing on the experience of the Sino-Congolese Mining Company (Sicomines SA) with its Busanga dam, in improving the energy production of the 217 hydroelectric sites of the Democratic Republic of Congo (DRC). These experts indicate in the publication of their research that the Sino-Congolese cooperation remains more active and reassuring messages from President Félix Tshisekedi sent to investors contribute strongly to improving the business climate in the Democratic Republic of Congo. On the other hand, they revealed two recent events which marked the Chinese… Read More Here

Mining in DRC Energy

DRC: Busanga becomes the first hydroelectric dam in Katanga thanks to SICOMINES SA

January 11, 2022January 11, 2022 admin1 Comment

If it could be told, the story would say that there once was, in the heart of the country-continent called “Democratic Republic of Congo”, a hydroelectric power station which had been built 110 km from Kolwezi, capital of Lualaba, one of the four provinces forming the Grand Katanga considered as the mining lung of the country. “This project is a support for the SICOMINES mining project resulting from the Collaboration Agreement between the DRC and China to build infrastructure for socio-economic development in the DRC. It is also the first major… Read More Here

Energy Mining in Zambia

IDC takes steps to restructure ZESCO, seeks to split firm into three separate units

January 5, 2022January 5, 2022 admin

The Industrial Development Corporation has announced plans to restructure state power utility ZESCO. Through a tender published in the Daily Mail of Tuesday, January 4th 2022, the IDC wants to engage a Consultant who will undertake financial and operational restructuring of ZESCO. The IDC says the Consulant should also assess the possibility of segregating ZESCO’s main divisions such as generation, transmission and distribution into separate units. IDC stated that the splitting of ZESCO should not only provide financial relief by disposing off loss making assets but will also enhance control… Read More Here

Mining in DRC Electricity Energy

Makutano 7: the DRC only consumes around 13 to 14 million megawatts per year

December 12, 2021January 5, 2022 arnbethnic

Since it is a question that holds the attention of the Governments of the world and international organizations, the energy transition to fight in particular against climate change was one of the themes addressed at the seventh (7th) edition of the Makutano business network. organized on Tuesday, December 7, 2021, at the Pullman Grand Hôtel in Kinshasa. Experts were gathered around the theme entitled: “Energy transition, a business opportunity for the Democratic Republic of Congo?” In response to this question, Fabrice Lusinda, an executive at the National Electricity Company (SNEL),… Read More Here

Mining in DRC Energy New Mining Projects

Kamoa-Kakula: Study work for Phase 3 expansion advancing; excavation underway on a new box cut

December 9, 2021January 6, 2022 admin

The scope of Kamoa-Kakula’s Phase 3 expansion includes a third concentrator plant to be located adjacent to the Kansoko Mine (at the Kansoko Sud orebody), approximately 10 kilometres north of the Kakula Mine. The Phase 3 concentrator is being designed to have a larger nameplate milling capacity than the 3.8-Mtpa nameplate milling capacity of the Phase 1 and 2 concentrators. The planned Phase 3 concentrator is expected to be supplied by ore from the established mine at Kansoko, as well as from two new planned mines, named Kamoa 1 and… Read More Here

Energy Mining in DRC New Mining Projects

Kamoa Copper’s green energy focus now on the Inga II hydropower plant to power Kamoa expansions

December 9, 2021January 25, 2022 admin

In August 2021, Kamoa-Kakula’s energy company signed an extension of the existing financing agreement with the DRC’s state-owned power company SNEL to upgrade turbine 5 at the Inga II hydropower complex. Since June 2021, rehabilitation scoping works and technical visits have been conducted by Stucky Ltd. of Renens, Switzerland, and Voith Hydro of Heidenheim, Germany, a leading engineering group. Voith Hydro, the contractor for the turbine 5 upgrade, has successfully rehabilitated two turbine generators at the adjoining Inga I hydropower plant, a project that was financed by the World Bank.… Read More Here