Governance - Copperbelt Katanga Mining

Shutting huge Panama copper project shows why miners worry about starting them 1

Panama’s decision to close a giant copper mine couldn’t come at a worse time for the market and highlights the risk of investing big in some projects. Just when the world faces a looming shortage of copper — a metal essential for the green revolution — Panama on Thursday said it will halt commercial operations at the Cobre Panamá operated by Canada’s First Quantum Minerals Ltd. It followed the breakdown of tax talks and is a rare move among Latin American countries. The mine, which is one of the world’s newest and… Read More Here

Governance Economy

The DRC industrialization master plan amounts to 58.4 billion USD – Julien Paluku

December 12, 2022December 12, 2022 arnbethnic

The Industrialization Master Plan for the Democratic Republic of Congo amounts to 58.4 billion US dollars (USD). This was stated by the Congolese Minister of Industry, Julien Paluku, on Wednesday, December 7, 2022, in the various panels and “B2B” of the 4th German-African Business Summit in Johannesburg, South Africa (RSA). In front of the German Vice-Chancellor, the Ministers of Economy, Trade and Climate as well as the management staff of the German Chamber of Commerce and Industry headed by Peter Adrian,investors the different opportunities that offers the DRC in various fields… Read More Here

Governance Events & Expos Mining in DRC

“The DRC, a solution country” – Sama Lukonde at the 10th Summit of African, Caribbean & Pacific States in Angola

December 12, 2022December 12, 2022 arnbethnic

Prime Minister Jean-Michel Sama Lukonde spoke on Friday December 9 at the 10th summit of the Organization of African, Caribbean and Pacific States in Luanda, Angola, where he represents the President of the Republic, Félix Antoine Tshisekedi Tshilombo. This summit was centered on the theme: Three continents, three oceans, a common destiny: building a resilient and sustainable OACPS”. Before Heads of State and Government members of this organization, the European Union and the United Nations, Prime Minister Jean-Michel Sama Lukonde not only condemned the acts of instability perpetrated by armed groups… Read More Here

Economy Governance

Moody’s has raised the rating of the DRC

November 19, 2022November 19, 2022 arnbethnic

The financial rating agency Moody’s Investors Service on Friday raised the DRC’s rating from Caa1 to B3, outlook stable. The decision explains, the agency, is explained by the strengthening of the economic and budgetary prospects of the country favored by the institutional improvements supported by the program of the International Monetary Fund since July 2021. To this is added the good health of foreign exchange reserves. . “At the same time, the national ceilings in local currency (LC) and in foreign currency (FC) of the DRC have been raised to B2… Read More Here

Mining in Zambia Governance

Zambia gets a new lease of life – Albert Halwampa

November 11, 2022November 11, 2022 Copperbelt Katanga News

ZDA acting director says investor confidence has returned Beyond all the turbulence of the past few years, Zambia has been through a lot. In November 2020, it became the Africa’s first Covid-era debt casualty and underwent negotiations to restructure its debt. Following the election of president Hakainde Hichilema last year, the country has made strides to get back on track, including securing an a IMF package of support worth $1.3bn in September. Albert Halwampa, acting director at the Zambia Development Agency (ZDA), tells fDi why the country’s improved economic climate is instilling… Read More Here

Mining in Zambia Governance

Kolwezi-Lumwana Road And The Lusaka-Ndola Dual Carriageway Concession Agreements To Be Signed

November 6, 2022November 6, 2022 arnbethnic

The Zambian Government will in the next three weeks sign a concession agreement under a Public-Private Partnership financing model for the construction of a dual carriageway from Ndola to Lusaka. Finance and National Planning Minister SITUMBEKO MUSOKOTWANE has announced during the 2023 Post Budget Symposium in Kitwe on the Copperbelt. Dr. MUSOKOTWANE has further disclosed that government will proceed to sign two more concession agreements to work on the Ndola – Mufulira Road and a build a road from Kolwezi in the Democratic Republic of Congo -DRC- to Lumwana to… Read More Here

Mining in DRC Governance

“Rwanda actually has expansionist tendencies with the main interest being the appropriation of DRC’s minerals”, Félix Tshisekedi

November 5, 2022November 5, 2022 Copperbelt Katanga News

Congolese Head of State Félix Tshisekedi has accused Rwanda of wanting to appropriate minerals from the DRC through its expansionist ambitions. It was during his speech filmed and broadcast on November 4, 2022, on national television. Felix Tshisekedi reiterated his opinion that the destabilization of the eastern part of the DRC is the work of the land of a thousand hills under cover of the M23. “Indeed, under the fallacious accusation of FARDC support for the FDLR, Rwanda actually has expansionist inclinations with the main interest of appropriating our minerals and… Read More Here

Mining in Zambia Governance

Govt to issue statement on KCM & Mopani

October 27, 2022October 27, 2022 arnbethnic

Mines and Minerals Development Minister PAUL KABUSWE says Government will this week make a final statement on the status of both Konkola Copper Mines -KCM and Mopani Copper Mines. Mr. KABUSWE says the two mining giants are very important in the economic transformation of Copperbelt towns. The minister says that is why he wants to update the nation on how far the ministry has gone with negotiations for both KCM and Mopani. Mr KABUSWE, who is also Chililabombwe Member of Parliament, says by the end of this year a lot… Read More Here