Mining Companies - Copperbelt Katanga Mining

World’s largest miners including Glencore and Barrick Gold commit to net zero carbon emissions by 2050

October 6, 2021October 6, 2021 admin

The world’s largest miners pledged on Tuesday to a goal of zero direct and indirect net carbon emissions by 2050 or earlier, the International Council on Mining and Metals (ICMM) said. “The collective commitment of ICMM members to net zero (direct) and two (indirect) greenhouse gas emissions by 2050 is a pivotal moment in our history,” said the CEO Rohitesh Dhawan in an open letter signed by the 28 heads of the world’s largest miners. The announcement comes ahead of next month’s United Nations climate meeting that aims to implement… Read More Here

Mining in DRC Mining Companies

Renegotiation of Sino-Congolese mining contracts: the arguments of the Chinese ambassador, Zhu Jing

October 1, 2021October 1, 2021 admin

Chinese Ambassador to the DRC Zhu Jing addressed the issue of Sino-Congolese mining contracts during an interview held Thursday, September 30, with journalists at his residence in Kinshasa. According to the Chinese diplomat, the DRC is the main beneficiary of the Sino-Congolese contracts. He indicated that during the first seven months of the year 2021, the DRC earned 4.7 billion USD out of the 7.9 billion USD made in Sino-Congolese trade. “During the first 7 months of 2021, trade between China and the DRC reached USD 7.9 billion. This represents an… Read More Here

Mining in Zambia Copper Mining Companies

Provisional liquidator of Zambia’s Konkola Copper Mines arrested

September 29, 2021September 29, 2021 admin

The State-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2-million, Zambia’s Drug Enforcement Commission, which also handles money-laundering cases, said on Wednesday. DEC Spokesman Mathias Kamanga announced the arrest during a news briefing in Lusaka . “The money is said to have come into his possession by virtue of being the Provisional Liquidator for Konkola Copper Mines,” the commission said. Lungu did not immediately respond to Reuters phone calls and a written request for comment. The commission alleged that Lungu,… 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

Diamond Mining Companies

DRC: the Sino-Congolese contract executed at 27.4% on the infrastructure and 77% on the mining investment component

September 27, 2021September 27, 2021 admin

The Minister of State, Minister of Infrastructures and Public Works, Mr Gisaro, made, during the Council of Ministers of September 24, the state of play of the technical and financial execution of the infrastructure projects selected within the framework of the Sino-Congolese program. It emerges that out of a planned financing of 3 billion USD, the amount invested by the Chinese side amounts to 825 million USD (interest not included). This shows an execution rate of 27.5% of this second part of the Sino-Congolese contract. This amount has been allocated to… Read More Here

Mining in DRC Mining Companies

DRC: “SICOMINES SA” has allocated more than 1 billion USD from 2008 to 2021 in the construction of infrastructures

September 27, 2021September 27, 2021 admin

The Sino-Congolaise des Mines (SICOMINES), is a Joint-venture, established in DR Congo in accordance with the Collaboration Agreement relating to the development of a Mining Project and an Infrastructure Project, signed between the Congolese Government and the Groupement Chinese Companies in 2008. The share capital is 100 million USD, Gécamines SA (RDC) 20% and SIMCO SAS (RDC) 12%, CHINA RAILWAY holds 41.72% of shares, POWERCHINA 25.28%, ZHEJIANG HUAYOU 1%. As part of its infrastructural achievements in the DRC, SICOMINES has allocated from 2008 to date more than 1 billion USD, of… 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

Equipment & Technology Mining Companies

Engineered Flow Aids resolve bulk material handling issues

September 21, 2021September 21, 2021 admin

In order to achieve controlled and consistent flow on conveyors handling large volumes of bulk material, transfer chutes and vessels must be designed not just to accommodate — but to actually facilitate — the flow of the cargo they will be handling. Unfortunately, because so many conditions can hamper effective cargo flow, engineering a conveyor and chutework that would handle every material situation is virtually impossible. Even modest changes in moisture content can cause adhesion to chute or vessel walls or agglomeration at low temperatures, especially if the belt is… Read More Here

Mining in DRC Mining Companies

DRC: towards the forfeiture of 16 mining titles across the province of Ituri

September 20, 2021September 20, 2021 admin

Shabani Kimariki, head of the provincial mining division, recently announced the forfeiture of 16 mining titles across Ituri province, during an interview with the press. He also indicated that among the measures taken by the Mining Cadastre (CAMI) at the end of the work of the States General of the Ministry of Mines, also appears the forfeiture in progress of 10 (ten) other mining titles for non-payment of taxes. or surface duty per square meter and 11 (eleven) others remain in the event of force majeure due to insecurity. Mr.… 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