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Category: News in Brief

Cobalt Mining in DRC Cobalt Economy News in Brief 

The DRC produced 21,170 tons of cobalt in the 1st quarter of 2023

Constance
The Ministry of Mines says the Democratic Republic of Congo produced 21,170.43 tonnes of cobalt in the first quarter of 2023. According to data from the DRC Ministry of Mines, the entire volume produced in the first quarter of the year was exported abroad, 21,170.43 tons of cobalt. In the year 2022, the Democratic Republic of Congo had produced 115,371 tons of cobalt. Read More Here
Presidents of Zambia and DRC meet in Benguela 1 Mining in DRC Mining in Zambia News in Brief Transport and Logistics 

Presidents of Zambia and DRC meet in Benguela

Constance
The Presidents of Zambia, Hakainde Hichilema, and of the Democratic Republic of Congo, Félix Tshisekedi, have already arrived in the city of Benguela to witness the signing ceremony of the Contract for the Transfer of the Concession of Railway Services and Support Logistics for the Lobito Corridor, which is scheduled to take place today, July 4th. According to the agenda, following their visit to the Benguela Railway, the statesmen will also receive explanations on the functioning of the port infrastructure. Read More Here
Zambia's FQM Trident Limited Strengthens Security in Kalumbila District with Handover of Police Facilities 2 Mining in Zambia Corporate social responsibility News in Brief 

Zambia’s FQM Trident Limited Strengthens Security in Kalumbila District with Handover of Police Facilities

Constance
In its commitment to bolstering government efforts to ensure security in Kalumbila District and its surrounding communities in North-Western Province, First Quantum Minerals’ FQM Trident Limited mine has officially handed over the Kalumbila Police Station and Kisasa Police Post to the Ministry of Home Affairs and Internal Security. The Minister of Home Affairs and Internal Security, Hon Jack Mwiimbu, presided over the formal commissioning of the facility. Minister Mwiimbu was joined by North-Western Province Minister Robert Lihefu, Inspector General Graphel Musamba of the Zambia Police Service, Dr. Godwin Beene (FQM… Read More Here
DRC Unveils High-End Buses Built to Conquer Challenging Road Conditions 3 Mining in DRC News in Brief Transport and Logistics 

DRC Unveils High-End Buses Built to Conquer Challenging Road Conditions

Constance
The DRC will now have its own high-end, robust, and equipped buses to tackle road traffic conditions. This factory has a production capacity of 25 buses per month and meets the standards of the prestigious German brand, Mercedes Benz. The establishment of Suprême Motors is just a step that paves the way for other similar projects. It confirms that improving the business climate in the DRC is a reality acknowledged by foreign investors. Read More Here
Deputy Prime Minister of the DRC Establishes Fixed Fuel Prices in the Western Zone 4 Mining in DRC News in Brief Petroleum 

Deputy Prime Minister of the DRC Establishes Fixed Fuel Prices in the Western Zone

Constance
In an order signed on Wednesday, June 7, 2023, the Deputy Prime Minister in charge of the Economy, Vital Kamerhe signed an order fixing fuel prices in the western zone of the Democratic Republic of Congo. The new price list fixes the liter of gasoline at 2,995 FC; diesel at 2,985 FC; oil at 2,450 FC (has not changed); the FOMI at 2,061.06 FC; and GAS at 4,831.57 FC. For petrol and diesel, this is a price increase of 5% compared to the prices fixed since November 30, 2022. Read More Here
Ivanhoé will produce its first copper concentrate at the Kipushi mine in the third quarter of 2024 5 Copper Mining in DRC New Mining Projects News in Brief 

Ivanhoé will produce its first copper concentrate at the Kipushi mine in the third quarter of 2024

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In an interview with Mining Review Africa, President Marna Cloete of Ivanhoé Mines says that Ivanhoé’s Kipushi mine redevelopment project in the DRC is expected to produce its first copper concentrate in the third quarter of next year. According to Ivanhoé’s president Marna Cloete, “construction of the mill is now also well advanced.” Indeed, the Kipushi project is based on the high-grade zinc-copper mine which is located in the central African copper belt and which produces approximately 60 million tonnes for a zinc content of 11%, and 7 % in… Read More Here
China Commits to Finding Better Solution for Zambia's Debt Issues 6 Mining in Zambia Economy News in Brief 

China Commits to Finding Better Solution for Zambia’s Debt Issues

Constance
China’s foreign ministry expressed its commitment to addressing Zambia’s debt issues, emphasizing its longstanding dedication to the matter. Wang Wenbin, spokesperson for the ministry, confirmed during a routine press briefing that China will collaborate with Zambia in finding an improved solution. The statement comes in response to Zambian President Hakainde Hichilema’s expressed desire to meet with President Xi Jinping, seeking assistance in restructuring Zambia’s debt. Read More Here
Zambia's Energy Regulation Board Reduces Electricity Tariffs for Low-Income Households in 2023 7 Mining in Zambia Electricity News in Brief 

Zambia’s Energy Regulation Board Reduces Electricity Tariffs for Low-Income Households in 2023

Constance
Starting May 1st, 2023, low-income households consuming 100 units or less per month will benefit from a reduction in electricity tariffs, according to the Energy Regulation Board (ERB). Previously, these households would pay K47 for 100 units, but with this new adjustment, their expenditure will decrease to K40. It is important to note that this tariff reduction will only be applicable for the year 2023. Read More Here
Toyota aims to sell 1.5 million vehicles 8 International News in Brief 

Toyota aims to sell 1.5 million vehicles

Constance
Toyota Motor announced, Saturday 8th April, the intention to expand its catalog of electric vehicles, at the mercy of the introduction of 10 more models, still aiming to sell 1.5 million of these cars by 2026. Toyota’s executive chairman, Koji Sato, quoted by EFE, was peremptory in saying that “we are going to do everything possible to move forward with electrification”, at the same time that we want to “achieve carbon neutrality”. In addition to focusing on the production of fully electric vehicles, the brand wants to continue to focus… Read More Here
President HH urged to act on Gold mine reopening delays 9 Mining in Zambia Gold News in Brief 

President HH urged to act on Gold mine reopening delays

Constance
Mwinilunga Town Council Chairperson, Jonathan Chinyimba, has urged the President of Zambia, Hakainde Hichilema, to expedite the reopening of Kasenseli Gold mine. Chinyimba stated that the delay in reopening the mine has caused increased levels of poverty and unemployment in Mwinilunga, and has hindered the district’s overall development. Chinyimba emphasized the potential economic benefits of reopening the mine, including improved infrastructure, job creation, and increased revenue for the council to invest in the community. He noted that the delay has led to limited revenue for the council and hampered business… Read More Here

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