News in Brief - Copperbelt Katanga Mining

Ivanhoé will produce its first copper concentrate at the Kipushi mine in the third quarter of 2024 1

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

Mining in Zambia Economy News in Brief

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

May 20, 2023May 20, 2023 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

Mining in Zambia Electricity News in Brief

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

April 21, 2023April 21, 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

International News in Brief

Toyota aims to sell 1.5 million vehicles

April 11, 2023April 11, 2023 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

Mining in Zambia Gold News in Brief

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