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Mining in DRC Electricity Hydro power plant

Natural Oilfield to Replace Fortescue in DRC’s Grand Inga Hydropower Project

May 22, 2024May 22, 2024 Constance

An Australian mining company, previously led by billionaire Andrew Forrest, has stepped back from developing the world’s largest hydropower project in the Democratic Republic of Congo (DRC). President Felix Tshisekedi’s office announced that Natural Oilfield Services, a Nigerian oil producer, will now take the reins. The revised plan involves constructing a 7-GW facility on the Congo River, scaled down from Fortescue’s ambitious Grand Inga project, which aimed to generate around 40 GW of hydropower. Additionally, the proposal includes an aluminum foundry and a refinery capable of processing millions of tons… Read More Here

Mining in DRC Aluminium Hydro power plant

DRC Signs Agreement for 7,000 MW Hydroelectric Dam and Major Aluminum Industry Projects

May 15, 2024May 15, 2024 Constance

The Democratic Republic of Congo (DRC) is set to embark on an ambitious infrastructure project involving the construction of a 7,000 megawatt hydroelectric dam, an aluminum foundry plant, an aluminum refinery, and a port terminal. This development follows the signing of a memorandum of understanding between the Agency for the Development and Promotion of the Grand Inga Project (ADPI-RDC) and Natural Oilfield Services Limited (NOFLS). According to a press release received by MINES.CD on Tuesday, May 14, 2024, NOFSL has committed to conducting technical, environmental, social, and financial studies for… Read More Here

Mining in Zambia Hydro power plant

Zambia and Zimbabwe to Retender Batoka Gorge Hydropower Project

March 28, 2024March 28, 2024 Constance

According to Bloomberg, Zambia and Zimbabwe are planning to retender the Batoka Gorge hydropower project, valued at approximately $5 billion and with a capacity of 2.4GW. The Zambezi River Authority (ZRA), a collaborative effort between the two nations, will be accepting bids by April 2025, with the expectation of selecting new developers by September of the same year. Situated on the Zambezi River, 54km downstream from Victoria Falls and spanning the border between Zambia and Zimbabwe, the Batoka Gorge hydropower plant has garnered significant interest from potential developers. Originally awarded… Read More Here

Mining in DRC Hydro power plant

Zanaga Iron Ore Surges 26% on Hydroelectric Power Deal for Congo Project

December 29, 2023December 29, 2023 Constance

Zanaga Iron Ore Co Ltd (AIM:ZIOC) witnessed a notable surge of 26% in its shares on Thursday, driven by a significant announcement regarding its Republic of Congo project. The company disclosed the signing of a memorandum of understanding with China Machinery Engineering Corporation (CMEC) aimed at implementing hydroelectric power solutions for the iron ore project in Congo. This includes potential funding for these power projects, along with preliminary agreements involving the Republic of Congo government and other relevant entities. Chairman Clifford Elphick expressed optimism, stating, “Our feasibility study update process… Read More Here

Mining in DRC Hydro power plant

AfDB Injects $9.72 Million into Modernizing Africa’s Hydropower Systems

December 27, 2023December 27, 2023 Constance

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has allocated $9.72 million to drive the Africa Hydropower Modernization Program (AHMP), aiming to overhaul hydropower systems across the continent. The funds will expand ongoing AHMP efforts, focusing on 12 private sector-led projects in eight countries. Noteworthy projects include upgrading the cooling water system of Sudan’s 280 MW Roseires plant to mitigate forced outages and replacing electromechanical equipment at the 7 MW Lubilanji 1 plant in the Democratic Republic of the Congo. “About half of Africa’s… Read More Here

Mining in DRC Energy Hydro power plant

DRC Seeks Hydropower Partners, Expands UAE Mining Investments

September 23, 2023September 23, 2023 Constance

The Democratic Republic of Congo (DRC) continues its search for partners for the world’s largest hydropower project while anticipating increased mining investments from the United Arab Emirates (UAE) in preparation for December elections. Talks regarding the 44-GW Grand Inga project with Australian billionaire Andrew Forrest and his company, Fortescue Future Industries, have stalled. However, President Felix Tshisekedi revealed in New York that there is interest from other potential partners, including the World Bank, Chinese investors, Europeans, and possibly Fortescue. Tshisekedi aims to position the resource-rich country as an attractive destination… Read More Here

Mining in DRC Gold Hydro power plant

Kibali Set to Roll Out New 10-Year Plan on Back of Production Ramp-Up and Reserve Replacement

July 7, 2023July 7, 2023 Constance

Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance. At the same time, successful exploration is expected to more than replace reserves depleted by mining again this year. Briefing media on Wednesday July 5th, Barrick president and chief executive Mark Bristow said the 10-year-old mine was now rolling out its business plan for the next decade, securing its status as one of the company’s elite portfolio of Tier One mines… Read More Here

Hydro power plant Electricity

ZESCO Agrees To Redress Maamba Collieries, with $518 Million By August 2023

December 23, 2022December 26, 2022 Constance

State power utility ZESCO has agreed in international arbitration in London to pay Maamba Collieries Ltd $518 million by August to settle arrears outstanding arrears for power supplied. Maamba through its parent company Nava has been pursuing international arbitration against ZESCO for outstanding debt. The arbitral tribunal has issued a consent award, and as per the award, ZESCO shall, by August 2023, discharge the outstanding and overdue arrears aggregating to about $518 million. “This is a consent award issued by an international arbitration tribunal based in London,” Sultan Baig, chief… Read More Here

Hydro power plant Green Energy Mining in DRC

Félix Tshisekedi wants Kakobola hydroelectric power plant, operational by the end of April 2023

June 12, 2022June 12, 2022 arnbethnic

In order to finalize the work of the construction of the Kakobola hydroelectric power plant, the President of the Republic Félix Tshisekedi said to have relaunched cooperation between the two countries through a diligent mission in India. In his speech at the 57th meeting of the Council of Ministers, he revealed that this process resulted in obtaining from the Government of India the happy settlement of the files put on the back burner, in particular that of the construction of lines and distribution networks of the Kakobola power plant in… Read More Here

Mining in DRC Hydro power plant

Tender for the Construction of the Cobalt Recovery Plant and Tailings Storage Facility (TSF3) at MMG Kinsevere, DRC

October 25, 2021October 31, 2021 Janet

MMG Kinsevere SARL hereby announces to the public of the Democratic Republic of Congo that the following tender is being prepared and finalized for future work to be undertaken on the MMG Kinsevere site. – Construction of the Kinsevere Expansion Project Cobalt Recovery Plant -Installation of Waste Storage (TSF3) of the Kinsevere Expansion Project All interested and qualified entities must submit their respective companies’ dossiers in accordance with the list of requirements below, detailing their expression of interest in the subject above, no later than October 29, 2021. All potential contractors must… Read More Here