News in Brief - Copperbelt Katanga Mining

President HH urged to act on Gold mine reopening delays

April 9, 2023April 9, 2023 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

Mining in Zambia Energy News in Brief

EU and Ministry of Energy Collaborate on clean Energy access via Global Gateway Strategy

March 9, 2023March 9, 2023 Constance

Through the EU Global Gateway Strategy, the EU and the Ministry of Energy are making progress towards increasing access to clean, reliable, and affordable energy. On 23rd February 2023, the Rural Electrification Authority (REA) through the IAEREP-TA2 project launched the Capacity Building Implementation Plan which is expected to directly benefit around 400 professionals through an EU investment of around EUR 300,000 (ZMW 6 million). The Capacity Building Implementation Plan sets forth various training activities centered around; feasibility studies, technical know-how on mini-grid operation and maintenance, Public Private Partnership Training, Strategic… Read More Here

Mining in DRC News in Brief

DRC Mining Exports, except Tantalum, Fall from Feb 20-25

February 24, 2023February 24, 2023 Constance

The general trend of the main mining export products of the Democratic Republic of the Congo shows a downward trend during this week from February 20 to 25, 2023, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. The only product showing a stable trend is tantalum which is still trading this week around 380 USD per kg on the international market. All other mining products show a drop in price as shown in the table below: Read More Here

Mining in DRC Battery Metals News in Brief

DRC Exports 2,220 Tons of Tantalum Concentrates Worth $79M in 2022

February 14, 2023February 14, 2023 Constance

The Democratic Republic of Congo exported during the year 2022 a volume of 2,220 tons of tantalum concentrates representing a value of 79.1 million USD, according to data from the Ministry of Mines. Almost half of the tantalum exported by the DRC comes from the province of North Kivu, i.e. 1080 tons exported for a market value of 58 million USD. The other provinces that contribute to tantalum exports in the DRC are South Kivu for 415 tons; the Maniema for 10 tons; and the former Katanga with 713 tons. Tantalum is… Read More Here

Mining in DRC News in Brief

DRC Govt Plans to Implement Procedures Manual for Sale of Public Mining Company Assets

February 13, 2023February 13, 2023 Constance

The Minister of State in charge of the Portfolio, Adèle Kayinda, submitted to the Council on Friday, February 10, the Draft Decree on the Manual of procedures relating to transactions on the mining assets of public companies in the Democratic Republic of Congo. This text of the law, the draft of which was adopted at this meeting of members of the government, aims, among other objectives, to guarantee: (i) transparency and consistency in carrying out the transaction; (ii) the preservation of the interests of the State and the public enterprises concerned; (iii) the… Read More Here

Mining in DRC News in Brief

DRC’s Tin Exports Outperform Diamonds, Bringing in $428 Million in 2022

February 12, 2023February 12, 2023 Constance

The tin industry generates more revenue in the Democratic Republic of Congo than that of diamond mining. In 2022, the 32,854 tons of tin exported brought in 428.8 million USD to economic operators in the sector, according to statistics from the Ministry of Mines of the Democratic Republic of Congo. On the other hand, in the diamond sector, the 11 million 683 439 carats of diamonds exported in 2022 brought in only 145.9 million USD. In other words, the tin industry brings in three times more income than the diamond industry… Read More Here

Mining in DRC Events & Expos News in Brief

DRC Seeks Increased Participation in Mining at 2023 Indaba in Africa

February 8, 2023February 8, 2023 Constance

Visible through two stands at the opening of the 2023 edition of the Indaba International Mining Conference in Cape Town (South Africa), the Democratic Republic of Congo (DRC) hopes to attract people to its mining sector. A mining country par excellence, the DRC has an exhibition stand at the Indaba mining conference where the Ministry of Mines presents investment opportunities in the mining sector. Another specific stand dedicated to Gécamines, so the country does not want to be in the background. Indaba mining is an important conference held each year in… Read More Here

Copper Mining in Zambia News in Brief

Zambian businessman proposes Acquisition of Mopani Copper Mine.

February 7, 2023February 7, 2023 Constance

A South African company owned by a Zambian, Bizwell Mutale, has offered to buy Mopani Copper Mines for $2.8 billion. The offer was made in a letter addressed to Rothschild and Company, who are consultants for Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH). The letter proposes that $1 billion will be used for Mopani Copper Mine’s internal operations. And The offer has also been sent to the mines minister, ZCCM-IH CEO, financial investment director, and the CEO of Business Gate Kingdom of Saudi Arabia. The letter also states the company’s… Read More Here

Gold Mining in DRC News in Brief

Raw Gold Production in DRC Declines by 4,111 kg in 2022 Compared to 2021

February 3, 2023February 3, 2023 Constance

The production of raw gold fell significantly during the year 2022 in the Democratic Republic of Congo (DRC). According to statistical data published by the Central Bank of Congo (BCC), the production of raw gold during the period mentioned is around 27,798 kg. This production amounted to 31,903 Kg of raw gold during the year 2021. This represents a drop of around 4,111 during the year 2022. It should be noted that the source did not specify the volume of production achieved by the industrial sector, let alone that achieved… Read More Here

Mining in Zambia Cobalt Copper News in Brief

Mineral Prices This Week

January 27, 2023January 27, 2023 Constance

Copper, cobalt, nickel, coal, and oil are all natural resources that are commonly used in various industries. Copper is a versatile metal that is used in electrical wiring, plumbing, and construction, while cobalt is used in the production of batteries, magnets, and super alloys. Nickel is used to make stainless steel and other alloys, as well as being used in the production of coins and batteries. Coal is primarily used to generate electricity, while oil is used to fuel vehicles and power plants, as well as being a key ingredient… Read More Here