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Category: Mining Companies

Zambian Jerabos eye for Mopani shares 1 Mining Companies Mining in Zambia 

Zambian Jerabos eye for Mopani shares

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A CONSORTIUM of small-scale miners, commonly known as jerabos, have shown great interest in buying shares in the giant Mopani CopperMines (MCM). Chapamo Mineral Processing Company, which was recently empowered with a 10 percent share in the slag dump, popularly known as Black Mountain, wants a stake in the mine. Government and Glencore, the owners of the mine, are in talks following Zambia Consolidated Copper Mines–Investment Holdings (ZCCM-IH)’s interest to increase its shareholding in the mining company. Currently, ZCCM-IH owns only 10 percent shares in the mine but now wants… Read More Here
Gécamines Mining in DRC Mining Companies 

Tshisekedi called upon, to allow audits of partnerships between Gécamines and foreign mining companies

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The president of the LICOCO (Congolese League for the fight against corruption), Ernest Mpararo, launched an appeal, this Wednesday, September 23, to the President of the Republic, Félix Tshisekedi, to allow an audit of all the partnerships concluded between Gécamines and foreign mining companies. According to Mr Mpararo, the audit would provide resources to Gécamines, especially since he considers that these contracts are “unbalanced” for Gécamines. “We want this audit because we have found that a lot of companies are lying. They say they don’t have a lot of money,… Read More Here
Omnia Mining Chemicals Mining Companies Explosives Mineral Processing Mining Chemicals 

Omnia solidifies its position as a pioneer in the mining sector

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Mining division delivers ground-breaking “world first in Africa” solution for purer metals extraction and initiates the largest detonator blast in South Africa Diversified chemicals group, Omnia Holdings (Omnia), is celebrating record-breaking achievements across Protea Mining Chemicals and BME, which together form the Group’s mining division. Protea Mining Chemicals Copper Production Solution Protea Mining Chemicals has become the first in its field – globally – to develop a solution that helps copper and cobalt mines reduce product contamination (improving metal purity levels) and maximise throughput in the solvent extraction process. This… Read More Here
Dafo Vehicle Fire Protection expands its business in the African continent 2 Mining in Zambia Mining Companies 

Dafo Vehicle Fire Protection expands its business in the African continent

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Dafo Vehicle Fire Protection expands its business in the African continent by signing up a new partner in Zambia – ASM Global. ASM Global is a family owned business managed by Managing Director Mr. Piers Holl and located in Kitwe in the Copperbelt. Assets, Service and Management thereof comes with a major cost in any business. The Mining Industry is one of the harshest environments where large capital is employed. Mindful of this ASM Global has established its presence in this market sector to bring trusted Industry Standard quality products with reliable service… Read More Here
Jubilee's mining licence renewed- Zambia 3 Mining Companies Mining in Zambia 

Jubilee’s mining licence renewed- Zambia

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Aim- and AltX-listed Jubilee Metals’ application for the renewal of a small-scale mining licence in Kabwe, Zambia, has been granted by the Zambian Minister of Mines and Mineral Development. The licence is in respect of lead, zinc, copper and cobalt and has been renewed for ten years CEO Leon Coetzer says that, as Jubilee continues to aggressively drive its expansion across both its Zambian and South African operations, the renewal of the licence in Zambia is an endorsement of the work that the company is doing on the ground at Kabwe and the… Read More Here
Zambia seeks to take control of Mopani 4 Mining in Zambia Mining Companies 

Zambia seeks to take control of Mopani

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Zambia’s state-owned mining investment company (ZCCM-IH) is seeking to take control of Glencore subsidiary Mopani Copper Mines, Mines minister Richard Musukwa announced on Tuesday. Mopani, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by ZCCM-IH. A 10% stake was “not sufficient” to determine Mopani’s future, Musukwa said in a statement, and ZCCM-IH was therefore seeking a larger stake “with a view to holding a controlling stake in Mopani”. The mines minister told Reuters ZCCM-IH was seeking a 51%… Read More Here
eiti-drc Mining Companies Cobalt Copper Mining in DRC 

EITI-DRC report does not capture enough information on the SICOMINES mining project, according to AFREWATCH

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The African Observatory of Natural Resources (AFREWATCH) focused on the SICOMINES mining project, in its analysis note of the draft framework of the EITI-DRC reports 2018-2020, made public during this month of August. AFREWATCH specifies that the EITI report today does not capture enough information on the SICOMINES project nor does it allow to create a citizen debate around this project, while the risk of indebtedness for the country remains very high.  Therefore, the African Observatory of Natural Resources suggests the improvement of the submission forms in order to integrate… Read More Here
gécamines Copper Economy Mining Companies Mining in DRC 

GÉCAMINES equipped with new governance tools, says Portfolio Minister | DRC

arnbethnic
After participating on the Board of Directors in Lubumbashi, the capital of Nagorno-Katanga province, focused on assessing the state of play of THE GSAS, currently endowed with the new leadershop, the Portfolio Minister Clement Kuete Nymi welcomes the dynamism of the central government for equipping The General of Quarries and Mines with new governance tools, before expressing optimism about the recovery of this company , the most important in maximizing revenue. The Minister of The Portfolio has expressed optimism about the recovery of GECAMINES, indicating that by taking stock of… Read More Here
Mining Companies in DRC Mining in DRC Economy Mining Companies 

Miners who do not repatriate 60% of export earnings in the DRC government’s crosshairs

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  An ongoing hunt will be organized for mining companies that do not repatriate 60% of their export revenues to the DRC. The challenge is to supply the foreign exchange market in dollar and mitigate the volatility of the Congolese franc following the effects of the covid-19. The Council of Ministers has already instructed the Central Bank of Congo (BCC) to identify mining companies that do not repatriate export revenues to the tune of 60% as required by the Mining Code. “We are witnessing a significant decline in the supply… Read More Here
Zest WEG Africa Mining in DRC Electricity Mining Companies 

Zest WEG Partners with Panaco for DRC Service Supply

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Zest WEG Africa business development executive Taylor Milan said Panaco will be its value-added reseller (VAR). The company is boosting its focus on local equipment and services supply; Panaco, which is locally owned, has existing relationships with most of its clients, it said.  “Panaco has the ability to assist us in growing the comprehensive WEG product portfolio well beyond our traditional low-voltage motor and drive business,” he said. “It has business facilities in Lubumbashi, Kolwezi and Kinshasa – bringing our services and support closer to customers in this fast-growing region,” Milan said.… Read More Here

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