Partnership - Copperbelt Katanga Mining

DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement 1

The governments of the Democratic Republic of Congo (DRC) and Indonesia are set to sign a cooperation agreement in the mining and environmental sectors in the coming days. This was confirmed following a videoconference on Saturday, December 14, 2024, between DRC President Félix Tshisekedi and his newly inaugurated Indonesian counterpart, Prabowo Subianto. During the exchange, President Subianto extended an official invitation to President Tshisekedi for a state visit to Indonesia in the near future, as announced on the DRC presidency’s X account. Indonesia, a recognized leader in the mining sector… Read More Here

Mining in DRC Partnership

DRC and EU Launch Strategic Roadmap for Sustainable Development and Energy Transition

December 13, 2024December 13, 2024 Constance0 comment

On an official visit to Belgium for Raw Materials Week, Democratic Republic of Congo (DRC) Minister of Mines Kizito Pakabomba delivered a pivotal speech in Brussels on Wednesday, December 11, 2024. The event marked the official launch of the DRC-EU roadmap, following the signing of a Memorandum of Understanding (MoU) between the DRC and the European Union on October 26, 2023. In his address, Minister Pakabomba emphasized the importance of this strategic partnership, rooted in shared values of sustainability, transparency, and inclusive development. He reaffirmed the DRC’s commitment to playing… Read More Here

International Mining Equipment Partnership

Fortescue Partners with XCMG for $400M Zero-Emission Mining Equipment Deal

November 28, 2024November 28, 2024 Constance0 comment

Australian iron ore giant Fortescue has signed a contract with Chinese heavy machinery manufacturer XCMG to acquire over 100 zero-emission heavy mobile mining equipment units. The deal, valued at more than $400 million, is XCMG’s largest mining equipment contract outside China. It includes battery-electric wheel loaders, wheel dozers, water carts, float prime movers, and graders for Fortescue’s Pilbara mining operations. The adoption of these zero-emission machines is expected to eliminate millions of liters of fossil fuel consumption over the lifespan of the equipment. Initial deployments are scheduled for 2026, with… Read More Here

Mining in Zambia Economy Partnership

Zambia and Eswatini Strengthen Economic Ties with Strategic Partnership

November 16, 2024November 16, 2024 Constance

The Zambia Development Agency (ZDA) and the Eswatini Investment Promotion Authority (EIPA) have reinforced their commitment to deepening economic cooperation through a newly signed Memorandum of Understanding (MoU). The agreement sets the stage for enhanced investment and trade relations between the two nations, focusing on institutional capacity-building and creating business linkages. Key areas of collaboration include investment promotion, trade facilitation, and the exchange of critical information on trade policies, regulations, and opportunities. The MoU also prioritizes fostering connections among small and medium-sized enterprises (SMEs) in Zambia and Eswatini, encouraging local… Read More Here

Mining in Zambia Copper Partnership

Zambia to Retain Majority Stake in Key Mining Projects

October 11, 2024October 11, 2024 Constance

Zambia’s government plans to maintain a majority stake in certain promising mining licenses identified through an ongoing mapping exercise, while inviting private investors to develop these assets through joint ventures with the state. Mines Minister Paul Kabuswe announced that the government has established a special purpose vehicle (SPV) to facilitate investment as part of Zambia’s strategy to boost copper production. As Africa’s second-largest copper producer, Zambia aims to surpass 1 million tonnes of copper output by the end of 2025. The SPV will hold licenses for key areas and seek… Read More Here

Mining in DRC Economy Partnership

DRC Strengthens Sino-African Cooperation to Boost Economic Diversification and Growth

September 11, 2024September 11, 2024 Constance

The Democratic Republic of Congo (DRC) is working to deepen its trade partnership with China, following commitments made at the 2024 Forum on China-Africa Cooperation (FOCAC). On Monday, September 9, President Félix Tshisekedi briefed government officials on the outcomes of his recent mission to China. During the visit, China reaffirmed its commitment to Africa’s development, pledging $50 billion over the next three years to support infrastructure, agriculture, and green energy projects across the continent. President Tshisekedi views this pledge as a “tremendous opportunity” for the DRC to secure a significant… Read More Here

Mining in Zambia Mining in DRC Partnership

Zambia’s Ministry of Mines and Ivanhoe Forge Strategic MoU

August 29, 2024August 29, 2024 Constance

The Zambian government has taken a major step to enhance its mining sector by signing a Memorandum of Understanding (MoU) with Ivanhoe Mines. The agreement, facilitated by the Ministry of Mines and Minerals Development, is designed to drive growth and development within the country’s vital mining industry. During the signing ceremony, Mines Minister Paul Kabuswe expressed optimism about the collaboration, emphasizing the potential benefits for Zambia’s mining sector. He praised Ivanhoe’s strong investment record across Africa, highlighting the company’s expertise as a valuable asset for Zambia’s mineral resource development. Hapenga… Read More Here

Mining in Zambia Hydro power plant Partnership

Jubilee Metals signs Power deal with Zambia’s Lunsemfwa Hydro Power Company

August 28, 2024August 28, 2024 Constance

Jubilee Metals Group, a diversified metals producer listed on the AIM, has signed a three-year power purchase agreement (PPA) with Lunsemfwa Hydro Power Company (LHPC), an independent producer of hydropower and solar energy in Zambia. The PPA guarantees that the power needs of Jubilee’s Roan concentrator facility and Sable refinery will be met continuously at competitive rates starting September 1. Additionally, Jubilee has the option to acquire up to 10 MW of solar-generated power at rates discounted by over 30% from the initial PPA terms. This agreement secures the company’s… Read More Here

Mining in DRC Economy Governance Partnership

ARSP and FOGEC Unite to Strengthen Congolese Entrepreneurship and Middle-Class Growth

August 20, 2024August 20, 2024 Constance

In a recent working session, leaders from two key public institutions under the Ministry of Industry and SME Development—ARSP (Regulatory Authority of Subcontracting in the Private Sector) and FOGEC (Entrepreneurship Guarantee Fund in Congo)—met to discuss their roles in supporting the growth of a genuine Congolese middle class. The meeting focused on practical strategies to empower local entrepreneurs and ensure the successful implementation of projects, aligning with President Félix Tshisekedi’s vision of job creation and economic development. The discussion included the FOGEC royalty on the subcontracting market, a critical topic… Read More Here

Mining in Zambia Copper New Mining Projects Partnership

Tertiary Minerals’ Zambian Subsidiary Signs Strategic Agreement with FQM on Mukai Copper Project

August 8, 2024August 8, 2024 Constance

Tertiary Minerals’ newly established Zambian subsidiary, Copernicus Minerals, has signed a binding letter of agreement (BLA) with First Quantum Minerals (FQM) for the Mukai copper project in Zambia. Copernicus Minerals is 90% owned by Tertiary Minerals (Zambia), which is 96% owned by Tertiary Minerals. Under the agreement, FQM is granted an initial 24-month exploration due diligence period, during which it is committed to funding a minimum of $1.5 million in exploration expenses, with $500,000 allocated for the first year (Phase 1). FQM can earn an initial 51% stake in the… Read More Here