Energy - Copperbelt Katanga Mining

DRC's Oil and Gas Exploitation Faces Backlash Amid Global Shift to Renewable Energy 1

As the world transitions from fossil fuels to renewable energy, the Democratic Republic of Congo (DRC) has launched a project to exploit its oil and gas blocks, initiating calls for tender since July 2023. Despite committing to global environmental standards, this move has sparked controversy. According to environmental organizations, activating these oil and gas blocks contradicts the DRC’s agreement to protect the Congo Basin tropical forest, an agreement that secured $500 million in international investments over the first five years. Congolese authorities maintain that all international recommendations to limit climate… Read More Here

Mining in Zambia Energy Partnership

Zambia Partners with Power China to Address Energy Crisis

July 14, 2024July 14, 2024 Constance

President Hakainde Hichilema has announced a partnership with Power China to tackle Zambia’s pressing energy crisis. A delegation led by Group Executive Vice President Jason K. Liu recently met at State House to solidify plans for collaborative efforts in energy, mining, agriculture, and infrastructure development. The partnership focuses on constructing small to medium-sized power plants to swiftly address the country’s energy shortages, exacerbated by El Niño-induced drought. Three implementing teams from Power China are set to arrive in Zambia shortly, emphasizing a proactive approach to enhancing the energy, water, and… Read More Here

Mining in DRC Energy

DRC Ministers Discuss Financing for Key Energy Projects

July 9, 2024July 9, 2024 Constance

In a bid to revitalize the energy sector, a crucial pillar for the Democratic Republic of Congo’s development, Minister of Finance Doudou Fwamba Likunde and Minister of Hydrological Resources Teddy Lwamba met on Sunday, July 7, 2024, to discuss the financing of impactful rapid projects. The ministers reviewed major initiatives such as the Grand Inga project, undertaken in partnership with the World Bank and the African Development Bank (AfDB), as well as other significant projects like Katende, Kakobola, and Tshopo II. “It is essential to invest in this sector. We… Read More Here

Mining in Zambia Electricity Energy Green Energy

Zambia Promotes Solar Energy Adoption to Mitigate Electricity Challenges for SMEs

July 7, 2024July 7, 2024 Constance

To address the disruptions caused by electricity load shedding, the Zambian government is actively promoting the adoption of solar energy among small and medium-sized enterprises (SMEs). The initiative aims to enable businesses to maintain operations smoothly even during power cuts. Hon. Elias Mubanga, MP, Minister of Small and Medium Enterprise Development, is leading this effort. He emphasized the importance of supporting small businesses through reliable and sustainable energy solutions like solar power. “We want to ensure small businesses can thrive, even in the face of power outages,” Mubanga stated. “Solar… Read More Here

Mining in Zambia Energy Green Energy

ENGIE Energy Access Launches Construction of 15 Solar Mini-Grids in Zambia

July 3, 2024July 3, 2024 Constance

ENGIE Energy Access, Africa’s leading provider of Pay-As-You-Go (PAYGO) and mini-grid solutions, has commenced the construction of 15 solar mini-grids in Zambia’s Eastern Province. This initiative is part of the transformative Increase Access to Electricity and Renewable Energy Production (IAEREP) program, supported by the 11th European Development Fund and the European Union. By expanding off-grid energy solutions in Zambia, ENGIE Energy Access aims to provide reliable electricity to underserved families and small businesses, fostering economic growth and enhancing socio-economic welfare in local communities. MySol Grid Zambia, a unit of ENGIE… Read More Here

International Energy Uranium

Bannerman Energy Raises A$85 Million to Advance Etango-8 Uranium Project

June 30, 2024June 30, 2024 Constance

Australia-listed uranium junior Bannerman Energy announced on Friday a placement to raise A$85 million for the continued development of its Etango-8 project in Namibia. The two-tranche placement consists of 25.8 million new fully paid ordinary shares issued to new and existing institutional and sophisticated investors at a price of A$3.30 each. Upon completion, Bannerman will have about A$100 million in cash reserves. “Proceeds from this placement will enable us to further progress our Etango-8 project, following positive outcomes from the recently announced front-end engineering design (FEED) and control budget estimates… Read More Here

Mining in DRC Electricity Energy

First Cogeneration Plant in DRC Ushers in a New Era of Clean Energy

June 29, 2024June 29, 2024 Constance

The Democratic Republic of Congo (DRC) has achieved a milestone with the inauguration of its first cogeneration plant, which can produce 140 kilowatts of electricity. The plant was officially opened on Tuesday, June 24, 2024, in Yangambi, located more than 100 km from Kisangani in the Tshopo province. This marks a historic moment for the country. According to information from ACP, this pioneering plant uses biomass to generate electricity. Developed by the International Forestry Research Center (CIFOR), the plant was handed over to the National Institute of Agronomic Research (INERA)… Read More Here

Mining in Zambia Energy Green Energy

CEC Renewables Marks Milestone with First Green Bond Coupon Payment

June 25, 2024June 25, 2024 Constance

CEC Renewables, a subsidiary of Copperbelt Energy Corporation PLC (CEC), has proudly announces its first Green Bond coupon payment of USD 2.4 million. This payment marks the sixth month anniversary of the bond, making it tradeable on the Lusaka Securities Exchange. This milestone underscores the role and viability of Green Bond investments in Zambia and highlights CEC Renewables’ commitment to delivering value to both the country and its investors. In partnership with CEC PLC, CEC Renewables launched Zambia’s first USD 200 million Green Bond Program, successfully issuing the first tranche… Read More Here

Mining in DRC Energy Events & Expos Gold

Kibali Gold Unveils Ambitious Plan for 100% Renewable Energy in DRC

June 16, 2024June 16, 2024 Constance

Kibali Gold, one of Africa’s largest gold mines, has announced an ambitious plan to transition to 100% renewable energy, supporting the energy transition in the Democratic Republic of Congo (DRC). The announcement was made on Wednesday, June 12, 2024, by Jean Paul Ilunga, an electrical engineer with Barrick Gold Corporation, during the inaugural day of the DRC Mining Week. During a forum focused on investment in the energy sector, Kibali Gold presented a series of innovative projects aimed at transforming its energy profile for a more sustainable future. Discussions centered… Read More Here

Mining in DRC Energy Events & Expos

Hugo Sinza Advocates for Congolese Energy Solutions at DRC Mining Week

June 16, 2024June 16, 2024 Constance

Speaking at the DRC Mining Week panel on “Building a Sustainable Energy Plan Using the DRC’s Energy Potential,” Hugo Sinza, Director of External Relations at TFM, emphasized the urgent need for Congolese solutions to the energy crisis. “Every minute we hesitate to make decisions on energy solutions, we lose millions for the country. Investors need energy. If we don’t produce energy, all these mining projects driving the economy will collapse. While we do import energy, our import capacity is very limited,” he declared. Sinza called for action over discourse, advocating… Read More Here