Infrastructural Development - Copperbelt Katanga Mining

DRC Prime Minister & Chinese Delegation Discuss Cooperation and Infrastructure Development 1

On Friday, July 19, Prime Minister Judith Suminwa met with a delegation from the Chinese Enterprise Group, the majority shareholders of Sicomines. The meeting, led by the Prime Minister, focused on enhancing Sino-Congolese bilateral cooperation and improving the business climate in the Democratic Republic of Congo (DRC). During the discussions, the Prime Minister reiterated the government’s commitment to creating a favorable environment for foreign investors. The Chinese delegation expressed its desire to maintain strong relations with the DRC and to contribute to national development through the construction of high-quality infrastructure.… Read More Here

Mining in DRC Energy Infrastructural Development

DRC Plans to Enhance Energy and Water Supply Infrastructure

July 20, 2024July 20, 2024 Constance

The Democratic Republic of Congo (DRC) currently has an electrical energy capacity of 2,800 Megawatts (MW), but only 2,100 MW are utilized, according to data shared on Thursday, July 18, 2024, by Minister of Hydraulic Resources and Electricity, Teddy Lwamba Muba. The information was provided during a press briefing co-hosted with the Minister of Communication and Media, Patrick Muyaya Katembwe. Minister Lwamba outlined the government’s strategy to improve water and electricity supply, emphasizing a multi-phase approach. “The electricity sector in the DRC is growing and developing. Today, we have an… Read More Here

Mining in Zambia Infrastructural Development

Zambia’s National Pension Scheme Authority Announces $200 Million Investment for Maamba Collieries Expansion

July 20, 2024July 21, 2024 Constance

The National Pension Scheme Authority (NAPSA) has announced a significant investment of up to $200 million in debt to support the phase two expansion project of Maamba Collieries Ltd. This investment was revealed during a press briefing on July 16 by NAPSA Chairperson Shipango Muteto. Muteto emphasized that the expansion project represents a promising diversification within the authority’s energy sector investment portfolio. The Maamba Collieries expansion is expected to generate 1,200 jobs during the construction phase and 400 additional jobs once operational. This initiative marks NAPSA’s second major investment of… Read More Here

Mining in Zambia Infrastructural Development Transport and Logistics

Italy Commits €320 Million to Enhance Zambia’s Lobito Corridor Project

July 14, 2024July 14, 2024 Constance

A major development has emerged for Zambia’s infrastructure plans, as Italy has pledged support for the Lobito Corridor project. During a meeting with Zambian President Hakainde Hichilema, Stefano Gatti, Director General for Development at the Italian Ministry of Foreign Affairs Cooperation, announced a commitment of €320 million for the initiative. The Lobito Corridor is a crucial infrastructure project aimed at improving trade connectivity between Zambia, Angola, and the Democratic Republic of Congo (DRC). This initiative involves upgrading and expanding the existing rail corridor, linking Zambia’s copper and cobalt-rich regions to… Read More Here

Mining in DRC Economy Infrastructural Development

World Bank to Boost Support for DRC’s Energy and Infrastructure Projects

July 12, 2024July 12, 2024 Constance

The World Bank aims to accelerate its support for energy and infrastructure projects to boost growth in the Democratic Republic of Congo (DRC). This was revealed during discussions between DRC Finance Minister Doudou Fwamba and World Bank Operations Director Albert Zeufack on July 10, 2024. The discussions centered on the development of micro-dam projects and the importance of providing access to energy for the Congolese population. “We discussed several critical issues, including reforms to help Congo realize its vision, enabling the President of the Democratic Republic of Congo to create… Read More Here

Mining in DRC Economy Infrastructural Development

IMF Applauds DRC’s Infrastructure Commitment with Sicomines

July 9, 2024July 9, 2024 Constance

Gabriel Leost, the IMF representative in the Democratic Republic of Congo (DRC), commended the government’s dedication to including $324 million annually in the finance law over seven years for road infrastructure construction. This commitment is part of a contract between the DRC and the Chinese Enterprise Group (GEC), specifically Sino-Congolese Mines (Sicomines). “This marks a significant achievement compared to previous years. The authorities have published most of the mining contracts, including the latest amendment with Sicomines. As part of the latest review, they committed to incorporating revenues and expenditures related… Read More Here

Mining in Zambia Coal Infrastructural Development

Zambia Approves Construction of Second Coal-Fired Power Plant Amid Energy Crisis

July 9, 2024July 9, 2024 Constance

Zambia’s Energy Regulation Board has approved the construction of a second coal-fired power plant as the country faces its worst drought in decades, which has significantly reduced output from its hydroelectric dams that supply the majority of its energy. The new 300 MW facility will be built in the southern region of Zambia, doubling the capacity of an existing plant at the site, according to a statement released on Monday. Maamba Collieries, primarily owned by Hyderabad, India-based Nava, will lead the project. Zambia generates about 85% of its power from… Read More Here

Mining in DRC Copper Infrastructural Development Press Release

Ivanhoe Mines Completes Construction of Kipushi Concentrator Ahead of Schedule

July 5, 2024July 7, 2024 Constance

First ore to Kipushi concentrator achieved on May 31; first concentrate produced on June 14 Kipushi sets 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate Kipushi zinc production capacity to average 278,000 tonnes per annum over first five years, making Kipushi the fourth-largest zinc mine globally Basic engineering underway to increase processing capacity of concentrator by 20% to 960,000 tonnes per annum Off-take agreements signed with CITIC Metal and Trafigura, plus $170 million in financing facilities agreed Kipushi reconfirmed as the world’s lowest carbon-emission intensive… Read More Here

Infrastructural Development Angola Mining in DRC Mining in Zambia Transport and Logistics

G-7 Summit Pledges Boost to African Infrastructure Investment

June 27, 2024June 27, 2024 Constance

At the G-7 summit in Puglia, Italy, global leaders reaffirmed their commitment to bolstering Africa’s infrastructure to spur economic growth and development on the continent. Co-chaired by US President Joseph Biden and Italian Prime Minister Giorgia Meloni, a special meeting focused on infrastructure development under the G7’s Partnership for Global Infrastructure and Investment (PGII), aligning closely with Italy’s Mattei Plan for Africa. Private sector representatives from Italy and the US, heavily invested in African ventures, also participated, emphasizing the importance of public-private collaboration. Italy made a significant announcement, pledging an… Read More Here

Mining in DRC Infrastructural Development

President Tshisekedi Launches Construction of Kinshasa Ring Roads

June 23, 2024June 23, 2024 Constance

On Saturday, June 22, 2024, President Félix-Antoine Tshisekedi officially launched the construction of the South-West and South-East ring roads in Kinshasa from the Mitendi site. These new peripheral roads are designed to create a rapid route around part of the city to alleviate congestion in the central arteries of Kinshasa. This project is part of the “infrastructure” component of the 5th amendment to the Chinese contract. Prior to the commencement of construction, extensive studies were conducted by experts from the Congolese Agency for Major Works (ACGT), the Office of Roads… Read More Here