Energy - Copperbelt Katanga Mining

Decarbonisation will need more, better mining

February 9, 2021February 9, 2021 admin

The World Bank (WB) estimates, for instance, that production of minerals like graphite, lithium and cobalt could grow by 500 percent in the next three decades to meet demand for clean energy technologies. This comes on the backdrop that mining remains a vital part of a low-carbon future, a fact that was confirmed by the topics prioritised at the recent Investing in African Mining Indaba’s virtual conference this week. “The message was clear: mining is part of the solution as the planet addresses climate change through a range of renewable… Read More Here

Energy International

Aggreko to make big investments to back miners’ clean energy transition

February 4, 2021February 4, 2021 admin

Aggreko (LSE: AGK), a supplier of mobile, modular power generation equipment, announced that it is partnering with some big names in the mining industry to reach net-zero emissions by 2050. In a press release, the Scottish company said it has vowed to invest between $342 million and $470 million per year to support its energy transition, including big spends in bringing solar, wind, and natural gas to mine sites. “Power generation for our customers has become more complex, and Aggreko has a responsibility to create power that is healthier for the… Read More Here

Mining in DRC Energy

DRC: Hydrocarbons Scientific Days recommend the revisiting legal framework and the creation of a structure for the management of funds for future generations

February 4, 2021February 4, 2021 admin

After two days of work, the scientific days of hydrocarbons ended on Friday 29 January. Organized under the theme: “the challenges of the development of the Hydrocarbons sector in the Democratic Republic of Congo”, these meetings addressed several issues relating to all links in the oil chain, namely: legal framework, economic framework, upstream oil, downstream oil company, environment, collaboration mechanisms of the Ministry of Hydrocarbons with university institutions in the sector, development strategies for the hydrocarbons sector. At the end of the discussions between participants, several recommendations emerged, in particular: The… Read More Here

Energy Mining in Zambia

CEC terminates contract with KCM- ZAMBIA

February 1, 2021February 1, 2021 admin

Copperbelt Energy Corporation has issued a warning to shareholders that its power supply agreement with Konkola Copper Mines (KCM) had come to an end. According to the company, the contractual lapse removes any contractual obligations for CEC to continue supplying electricity to KCM. The development comes after KCM had accumulated a debt of USD144.7 million in unpaid power charges and signed a term sheet with ZESCO for power supply. However, the government has issued a statutory instrument declaring CEC transmission and distribution lines as ‘Common Carrier’, enabling ZESCO to transport… Read More Here

Energy Iron Ore

Metso Outotec wins China pelletizing plant order

January 29, 2021January 29, 2021 admin

Finnish mining equipment group Metso Outotec has secured its second order for an iron ore pelletizing plant in China in just six months. Metso Outotec was chosen by Beijing Shougang International Engineering Technology (BSIET) to build the plant in southwest China – financial details of the deal were not yet disclosed. The plant will feature Metso Outotec’s travelling grate pellet indurating furnace at its core, which has a grate area of 432 square metres. The company’s travelling grate technology uses a green balling section where, after the mixing stage, green… Read More Here

Mining in DRC Energy

DRC: 69 containers of materials from the Katende power plant blocked in Lubumbashi for lack of disbursement of USD 798,000 for transport

December 29, 2020December 29, 2020 admin

69 of 71 containers of materials and accessories for the construction of the Katende hydroelectric power station have been blocked in SNCC warehouses in Lubumbashi since December 2015. These 69 containers, which represent 3840 tonnes of materials, are part of the batch of 71 containers of 593,293 tons with the materials intended for the construction of the hydroelectric power station of Katende in Kasaï Central. This emerges from the mission report carried out by a team from the Kasai Central Provincial Assembly led by Vice President Mathieu Ntolo thanks to… Read More Here

Energy

China to abolish access restrictions on foreign investment in energy sector

December 24, 2020December 24, 2020 admin

China will fully lift access restrictions on foreign investment in coal, oil, gas, power generation, excluding nuclear, as well as the new energy businesses, according to a sector white paper released on Monday. Separately, a top energy official told reporters that recent power shortages in some Chinese regions are singular cases and the nation’s energy supplies including power are generally secure. Source: Mining.com Read More Here

Mining in DRC Energy

Inga I and II power distribution revamp not before mid-2021 – DRC

December 17, 2020December 17, 2020 admin

Initially planned for 2020, the new distribution station for the DRC’s Inga I and Inga II hydropower plants will now not be ready until June 2021. Read More Here

Mining in DRC Energy

DRC: “the financing of the Grand Inga project is in the process of being finalized with several developers and buyers” (Félix Tshisekedi)

December 15, 2020December 15, 2020 admin

President Félix-Antoine Tshisekedi announced significant advances in financing the gigantic large Inga project. It was during his speech on the state of the nation this Monday, December 14 in front of the parliament meeting in congress. “Regarding the Grand Inga Project, funding is in the process of being finalized with several developers and off-takers (buyers). It is obvious that when these works are fully operational, the Democratic Republic of Congo will resume its role as African leader in energy for the well-being of all its populations and even of the continent ”,… Read More Here

Mining in DRC Energy

Cactus Investments Targets Strategic Sectors in the DRC

November 19, 2020November 19, 2020 admin

Cactus Investments Limited is a London-based investment and consultancy company focused on Africa. Trésor Chovu, CEO of Cactus Investments, spoke to Africa Oil & Power about how Cactus is helping to enhance investments in traditionally strategic sectors such as power, mining, infrastructure, oil and gas. What projects are you currently operating in the DRC? In the DRC we took advantage of the improvement of the regulation of the local content via our subsidiary, Cactus Investments SARL, to become more involved in the mining sector. In collaboration with Ocean Fuel in… Read More Here