Governance - Copperbelt Katanga Mining

Tshisekedi re-echoes the urgency of setting up a joint Sino-Congolese commission for the execution of contracts on a win-win basis

October 17, 2021October 17, 2021 arnbethnic

The question of the execution of the Sino-Congolese contract was once again raised during the meeting of the Council of Ministers on Friday, October 15. The Head of State, Félix Tshisekedi, reminded the Deputy Prime Minister and Minister of Foreign Affairs, Christophe Lutundula, the urgency, according to him, to set up a joint Sino-Congolese commission which will look at the whole subjects of common interest. For Mr. Tshisekedi, this will allow “the execution of contracts to be done in a mutual win-win basis”. In addition, in view of the report made… Read More Here

Mining in Zambia Governance Mining Policy

Illegal Mining to Stop – Zambian New Minister Of Mines

October 17, 2021October 17, 2021 arnbethnic

GOVERNMENT will deploy police officers in all mining areas to enhance monitoring and accountability of minerals being mined in Zambia, Minister of Mines and Minerals Development Paul Kabuswe has said. Mr Kabuswe said the illegal mining which was previously the order of the day would not be tolerated under the new dawn Government. He said it was the UPND administration’s desire to ensure that sanity was restored in the mining sector in Zambia by ensuring that the wanton illegal mining and destruction of the environment in other base metals, industrial… Read More Here

Mining in DRC Governance Mining Companies

Congo reviews $6.2bn China mining deal as criticism grows

September 29, 2021September 29, 2021 admin

The Democratic Republic of Congo (DRC) began reviewing a $6.2-billion minerals-for-infrastructure deal with China that’s faced growing criticism since President Felix Tshisekedi came to power almost three years ago. Congo’s council of ministers agreed to create a commission to investigate “major legal, technical and financial problems observed in the collaboration agreement” between the two countries, according to minutes from the meeting published on the website of the prime minister’s office. The council asked the commission to present its findings in two weeks. The contract, signed in 2008 and renegotiated several times since,… Read More Here

Mining in DRC Governance Mining Companies

Tshisekedi calls for severe and exemplary sanctions against companies that illegally exploit DRC’s minerals

September 22, 2021September 22, 2021 admin

In his speech delivered on Tuesday, September 21 from the United Nations podium for the 76th General Assembly, the Head of State Félix Tshisekedi called for sanctions against all mafia networks operating in the DRC, and all multinational companies who illegally exploit minerals there. “(…) Severe and exemplary sanctions be taken against all mafia networks, whether in transit countries, or of destination or against the multinationals which illegally exploit the minerals of my country and in return feed the armed groups with arms and ammunition, thus perpetuating the conflict in… Read More Here

Mining in DRC Governance Mining Companies

Félix Tshisekedi orders an investigation “within a reasonable time” into mining fraud scandals-DRC

September 20, 2021September 20, 2021 admin

The President of the Republic, Félix Tshisekedi, deplored, during the Council of Ministers of Friday, September 17, the various scandals of illegal exploitation of mineral resources. According to the report of this Council of Ministers, several economic operators (companies or individuals) holding research permits operate instead of actual research. For the Head of State, there is “an imperative need to assess this situation with the Mining Cadastre and to initiate an investigation within a reasonable time”. In the same section, the President of the Republic instructed the Minister of Mines… Read More Here

Mining in DRC Governance Mining Companies

Bahati Lukwebo: “I have no business in the mines

September 15, 2021September 15, 2021 admin

Bahati Lukwebo has responded to allegations spread on social media about his alleged cases in the mining sector. Messages circulating on several digital platforms attributed by the company Régal Mining to the current President of the Senate. “On social networks, there are those who are busy waging war against political opponents. I read what was written on Régal Mining. I don’t know Régal Mining. I salute the mission that has been delegated in the province of South Kivu, in the territory of Mwenga, ”said Modeste Bahati Lukwebo during a press conference organized this Tuesday… Read More Here

Mining in DRC Governance Mining Companies

Félix Tshisekedi demands evaluation of the projects included in the Sino-Congolese contract- DRC

September 14, 2021September 14, 2021 admin

In his communication during the nineteenth meeting of the Council of Ministers, held on Friday, September 10, the President of the Republic Félix Tshisekedi asked the Minister of State, Minister of Infrastructure and Public Works to present, during the twenty- and-first meeting of the Council of Ministers, the state of play of the technical and financial execution of the projects included in the Sino-Congolese contract, and to the Minister of Mines to do the same in her sector. Félix Tshisekedi wants to see clearly about the technical and financial execution… Read More Here

Mining in DRC Governance Mining Policy

DRC agrees to IMF deal but players worry over looming purge of sector

September 13, 2021September 13, 2021 arnbethnic

IMF committed to a three-year credit to the tune of $1.5 billion. But it came with conditions, one of which was to enhance the fight against graft as well as clean up messy or lopsided mining agreements granted to foreign firms. The arrangement is such that the DRC must revise old agreements for mining as well as set up policies that will prevent future deals from being one-sided. One such contract has stepped on the toes of Chinese investors who signed a contract in 2008 to extract minerals in Lualaba… Read More Here

Governance Mining in Zambia Mining Policy

Zambian president promises to cut deficit, review mining policies

September 10, 2021September 13, 2021 admin

Zambian President Hakainde Hichilema said on Friday during the ceremonial opening on the 1st session of the 13 national assemble that his new government would implement policies to reduce the fiscal deficit, restore economic growth and review mining policies. In his first address to parliament since his election in August, Hichilema said officials would also review agricultural policies, revise electricity prices and reform state power firm Zesco. Last November Africa’s second-biggest copper producer became the first country on the continent to default on its sovereign debt during the pandemic, after failing to… Read More Here

Mining in DRC Governance Mining Companies

The National Assembly sends a delegation of deputies to gather information on illegal explorations in South Kivu- DRC

September 9, 2021September 9, 2021 admin

Following the revelations on the illicit exploitation of minerals by Chinese companies in the territory of Mwenga (South Kivu), the office of the National Assembly dispatched a delegation of 8 national deputies led by Jean-Claude Kibala to collect informations. The mission is made up of elected officials from South Kivu and members of the environment, tourism, natural resources and sustainable development committee. It will not only collect information on the illegal exploitation of natural resources, but also on the destruction of the environment. “We want to go and see how… Read More Here