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Category: News in Brief

Tanzanian President Commends Zambia's Economic Progress 1 Mining in Zambia Economy News in Brief 

Tanzanian President Commends Zambia’s Economic Progress

Constance
Tanzanian President Samia Suluhu Hassan has praised Zambia for its significant economic advancements achieved in the past two years under President Hakainde Hichilema’s leadership. President Samia emphasized the need for both countries to strengthen their diplomatic, business, and people-to-people relationships for mutual benefits. During a State banquet ahead of Zambia’s 59th Independence Day, President Samia highlighted the positive impact of shared economic corridors on fostering closer relations and business connections between the two nations. President Hichilema reaffirmed Zambia’s commitment to enhancing the partnership with Tanzania and continuing the legacy of… Read More Here
Barrick Declares Q2 Dividend 2 International Gold News in Brief 

Barrick Declares Q2 Dividend

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has announced the declaration of a dividend of $0.10 per share for the second quarter of 2023. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022. The Q2 2023 dividend will be paid on September 15, 2023 to shareholders of record at the close of business on August 31, 2023. “As a result of the continuing overall strength of our business and balance sheet, we have maintained the distribution of a robust base dividend to our shareholders, while our… Read More Here
Sandvik wins SEK 460 million mining equipment order in Australia 3 International Mining Equipment News in Brief 

Sandvik wins SEK 460 million mining equipment order in Australia

Constance
Sandvik has received a major order from a customer in Australia for the supply of underground mining equipment. The order includes Toro™ TH663i underground trucks, Toro™ LH517i and Toro™ LH621i underground loaders as well as a DD422i development drill rig with dual control. The order is valued at around SEK 460 million and was booked in the second quarter 2023. Delivery of the equipment is planned to begin in the third quarter 2023 and continue into the second quarter 2025. Read More Here
Lobito Corridor to Generate Two Thousand Jobs in the Initial Phase 4 Transport and Logistics Angola News in Brief 

Lobito Corridor to Generate Two Thousand Jobs in the Initial Phase

Constance
Around two thousand jobs will be created along the Lobito Corridor when it is fully operational, according to Angola’s Minister of Transport, Ricardo D’Abreu. “On the one hand, there are direct jobs related to all those who will be directly involved in port and railway operations and indirect jobs via other sectors”, he stressed on Tuesday July 4th, in statements. For the consortium, he advanced, there is an obligation to invest in the order of US$450 million in the near future. Read More Here
The DRC nearly produced 600,000 tonnes of copper in the 1st quarter of 2023 5 Mining in DRC Copper News in Brief 

The DRC nearly produced 600,000 tonnes of copper in the 1st quarter of 2023

Constance
The mining industry in the Democratic Republic of Congo produced 595,142.92 tonnes of copper in the first quarter of 2023, according to the Ministry of Mines. Of the 595,142.92 tonnes of copper produced, mainly in the provinces of Haut-Katanga and Lualaba, 555,217.98 tonnes were exported from the Democratic Republic of Congo. Recall that in 2022, the Democratic Republic of the Congo produced more than 2.3 million tonnes of copper, which was a record production in the history of copper production in the DRC. Read More Here
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 6 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 7 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 8 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 9 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

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