Governance - Copperbelt Katanga Mining

Global Witness publishes details of fraudulent export of Congolese minerals from Rwanda 1

The ITSCI, a mechanism meant to provide a reliable chain of custody for 3T minerals, facilitates the laundering of contraband minerals from mines controlled by armed groups and benefiting neighboring Rwanda. These are the claims made by Global Witness in a report published a few hours ago. According to the report, 90% of the quantities of coltan (main source of tantalum), tin and tungsten, three minerals better known as “3T minerals”, exported by Rwanda are illegally introduced from the DRC. The British NGO, which specializes in the fight against the plundering… Read More Here

Mining in Zambia Governance

Vedanta urges Zambia to halt search for new KCM investor

June 28, 2022July 4, 2022 admin

Zambia should halt the search for a new investor in Konkola Copper Mines (KCM) until litigation with Vedanta Resources is settled, the Indian mining company said on Tuesday. Zambia’s previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with Vedanta Resources, KCM’s parent company. The government accused Vedanta of failing to honour licence conditions, including promised investment. Vedanta has repeatedly denied it broke the terms of its licence. KCM provisional liquidator Celine Nair said on June 7 that the company would appoint an adviser to help it to find an… Read More Here

Mining in DRC Governance

Despite the closure of part of the DRC border with Uganda, Alphamin continues to export tin

June 19, 2022June 19, 2022 arnbethnic

The mining company Alphamin Resources continues to export tin from the Democratic Republic of Congo (DRC) across the border with neighboring Uganda despite the closure of part of the border following fighting between the DRC Armed Forces and the M23 rebels supported by the Rwandan army. In a press release published on Wednesday June 15, 2022, Alphamin Resources indicates that exports usually use the border posts of Aru and Mahagi before reaching Uganda. However, these two entities are located about 1,000 km north of the town of Bunagana, the epicenter of… Read More Here

Mining in Zambia Copper Governance

First Quantum to make biggest foreign investment in Zambia in a decade

May 10, 2022May 10, 2022 admin

First Quantum Minerals has announced the largest foreign investment in Zambia in more than a decade, providing a much-needed boost for the cash-strapped government of President Hakainde Hichilema as he attempts to complete a debt restructuring. The Toronto-listed company said it would invest $1.25bn to extend the life of its Kansanshi copper mine until 2044 and a further $100mn to finish the development of its Enterprise nickel project. “There is an improving investment climate in Zambia whereas in other jurisdictions it is looking a little… Read More Here

Mining in DRC Governance

Agreement between the Congolese State and Ventora group allows the DRC to circumvent the long legal process with an uncertain outcome”

May 10, 2022May 10, 2022 admin

The National Movement of Affected Consumers (MNCL) gave its opinion, this Monday, May 09, after having participated in the round table organized by the Presidency of the Republic around the agreement signed between the Ventora group of Dan Gertler and the DRC, relating to the return of oil and mining assets. Led by Joël Lamika, this civil society platform, an activist for the socio-economic rights of Congolese men and women, finds that this agreement brings significant advantages in favor of the DRC. “From our research and investigations, it emerges that… Read More Here

Mining in DRC Economy Governance

DRC investment climate has improved under Felix Tshisekedi’s administration, US report says

May 1, 2022May 1, 2022 arnbethnic

From openness to foreign direct investment to the fight against corruption, including the return of the DRC to AGOA, the implementation of reforms to improve the judicial system, transparency in the management of public finances, the facilitation business through the Single Window for Business Creation (GUCE), the raising of the country’s sovereign rating, are all assets taken into account by an American report on investments in the DRC and which make the administration of Félix Tshisekedi in his efforts to improve the business climate. At a time when all the… Read More Here

Mining in DRC Economy Governance

GED Africa and the DRC government have signed a major long-term infrastructure development agreement

April 12, 2022April 12, 2022 arnbethnic

GED Africa, the DRC Ministry of Infrastructure and the Agence Congolaise des Grands Travaux (ACGT) are finalizing the 25-year Concession Agreement outlining the infrastructure development needs of the DRC segment of the GED Africa Route. Kinshasa, Democratic Republic of Congo, April 11, 2022- The signing of this Concession Agreement marks a critical milestone for the project, and paves the way for the construction of a new road between Kasomeno, in the Democratic Republic of Congo (DRC) and Mwenda , in Zambia. Key features of this multilateral infrastructure project include a… Read More Here

Mining in DRC Governance

World: mining governance in the DRC is the weakest of all the countries in the world

March 30, 2022March 30, 2022 admin

Although it has significant reserves of raw materials in the world, the Democratic Republic of Congo is failing through its governance in this sector, observers from the NGO Natural Resource Governance Institute (NRGI) report in a report published recently. According to the 2021 Natural Resource Governance Index, the governance of the mining industry in 7 out of 13 countries is “ weak ” or “ insufficient ”. Mining governance in the Democratic Republic of Congo is the weakest of all countries. This governance, presented as the weakest of all, keeps local communities in the… Read More Here

Mining in Zambia Copper Governance

Provisional liquidator of Zambia’s Konkola Copper Mines, Milingo Lungu resigns

March 20, 2022March 20, 2022 arnbethnic

The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), a company over which Vedanta Resources and the government have been locked in a long dispute, Milingo Lungu has resigned. Lungu has resigned from his position as Konkola Copper Mines Plc Provisional Liquidator with immediate effect. According to his resignation letter dated March 17, 2022 and addressed to KCM official receiver Natasha Kalimukwa, Lungu did not give any reasons for his decision. “This serves to inform you that I have with immediate effect resigned as Provisional Liquidator of Konkola Copper Mines… Read More Here