Mining Policy - 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 Policy

Why miners can be first movers in the hydrogen economy

September 21, 2021September 21, 2021 Chilombo MahambaGreen Hydrogen

Scarcely a day goes by without seeing a new headline about the (re)emergence of hydrogen, specifically the production of “green” hydrogen from renewable energy sources. National governments continue to announce funding of hydrogen-related initiatives; new technologies are being released; hydrogen motor vehicle companies are being formed; steel mills are dabbling in replacing coal with hydrogen in steel production; and hydrogen-focused companies have seen hefty increases in share prices. While perhaps not obvious to some, mining companies may have a unique role to play in accelerating the use of and benefitting… 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 Mining Policy

Antoinette N’samba to raise awareness on compliance with the mining code and regulations- DRC

September 7, 2021September 7, 2021 admin

The Minister of Mines, Antoinette N’samba Kalambayi, arrived this Monday, September 6, 2021 in Lubumbashi, capital of Haut-Katanga to educate the different layers of the population on compliance with the Congolese mining code and regulations. For seven days, the objective will be to fight against the illegal exploitation of minerals and to make everyone understand that the mining code and regulations must be respected at all costs so that the country’s wealth benefits the Congolese State and the different investors. “We are in the process of roaming around the issue… Read More Here

Mining Policy

Tycoon may have shifted assets to Zimbabwe after US sanctions

August 13, 2021August 13, 2021 admin

Zimbabwe’s government is pressing ahead with a plan to combine its mining assets under a massive private-public enterprise, even as evidence mounts that the project could be linked to a tycoon sanctioned by the US and UK. Previously unreported documents, including correspondence among executives and shareholders, show that weeks after Kudakwashe Tagwirei was sanctioned by the US, his Mauritius-based Sotic International Ltd. began planning to shift its assets to a newly created Zimbabwean holding company — Ziwa Resources Ltd. Ziwa is the only private shareholder in the partnership, called Kuvimba… Read More Here

Mining in DRC Mining Policy

DRC: Mike Hammer launches the “Makuta ya Maendeleo” for mining royalties paid to ETDs

July 27, 2021July 27, 2021 admin

The Ambassador of the United States in the DRC, Mike Hammer, launched this Monday July 26 in Kinshasa, the project “Makuta ya Maendeleo” or “Money for Development”. A project supported by the US State Department, through its embassy in the DRC, implemented by the Carter Center, Resource Matters, and their partners, which focuses on transparent and prudent management of mining royalties paid to Territorial Entities Decentralized (ETDs) and the Mining Fund for Future Generations, (FOMIN). In his speech, Mike Hammer, American ambassador to the DRC, hammered home the concern of the… Read More Here

Mining in DRC Mining Policy

Barrick working with new DRC govt on outstanding legal, fiscal issues

July 12, 2021July 12, 2021 admin

Gold miner Barrick Gold is strengthening ties with the recently appointed government in the Democratic Republic of the Congo (DRC) and is working towards an “amicable solution of some outstanding legal and fiscal issues”, CEO Mark Bristow has said. Briefing the media about developments at the Kibali mine, in the DRC, and the Tongon mine, in Côte d’Ivoire, at the weekend, he said Barrick’s success in building and operating the Kibali mine in a remote part of the DRC was attributable to the mutually beneficial partnerships it had forged with its in-country… Read More Here

Mining in DRC Mining Policy

Kinsevere and government meetings in Kinshasa

July 10, 2021July 10, 2021 admin

The status of Kinsevere activities, business climate challenges, environmental tax as well as value added tax (VAT) reimbursement and Central Bank BCC matters, were recently discussed with Democratic Republic of Congo (DRC) Government officials. Kinsevere is advocating in good faith with DRC authorities in a bid to reassure our shareholders that we are serious about forming a win-win partnership. The MMG Commercial and Stakeholder team, led by Deputy GM Mr Dexiao Qi, met with Nicole Bwatsha the President Deputy Chief of Staff in charge of Legal / Diplomatic matters, Antoinette… Read More Here