Partnership - Copperbelt Katanga Mining

Jubilee Metals signs Power deal with Zambia’s Lunsemfwa Hydro Power Company 1

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

Mining in Zambia Energy Partnership

Zambia Partners with Power China to Address Energy Crisis

July 14, 2024July 14, 2024 Constance

President Hakainde Hichilema has announced a partnership with Power China to tackle Zambia’s pressing energy crisis. A delegation led by Group Executive Vice President Jason K. Liu recently met at State House to solidify plans for collaborative efforts in energy, mining, agriculture, and infrastructure development. The partnership focuses on constructing small to medium-sized power plants to swiftly address the country’s energy shortages, exacerbated by El Niño-induced drought. Three implementing teams from Power China are set to arrive in Zambia shortly, emphasizing a proactive approach to enhancing the energy, water, and… Read More Here

Angola Mining in DRC Mining in Zambia Partnership Transport and Logistics

ProMarks and Trafigura sign MOU with the Angolan government

July 5, 2024July 5, 2024 Constance

ProMarks, an international engineering company specialized in the energy sector and Trafigura, a market leader in the global commodities industry, yesterday signed a Memorandum of Understanding (MOU) with the Government of Angola to conduct a technical and economic viability study and to develop a Public Private Partnership model for a major regional power transmission and supply project. The signing ceremony was held in Luanda in the presence of government representatives from Angola, alongside other diplomatic guests and representatives from the private sector. The MOU was witnessed by His Excellency João… Read More Here

Mining in DRC Mining Equipment Partnership

Sandvik DRC Secures Subcontracting Rights through Local Partnership

July 3, 2024July 3, 2024 Constance

Kinshasa – Sandvik DRC has secured the right to engage in subcontracting activities in the Democratic Republic of Congo (DRC) following a strategic move to open its share capital to a Congolese partner holding a majority stake of 51%. The announcement, made on Monday, July 1, 2024, by the Regulatory Authority for Subcontracting in the Private Sector (ARSP), marks a significant milestone for the mining equipment company. The memorandum of understanding signed between Sandvik DRC and ARSP, in the presence of senior executives including Managing Director Miguel Katemb Kashal and… Read More Here

International Mining Equipment Partnership

Liebherr and Fortescue announce partnership for development of Autonomous Haulage Solution

July 3, 2024July 3, 2024 Constance

Building on the ongoing cooperative efforts between Liebherr and Fortescue, the two companies have announced that they will further combine their areas of expertise to develop and validate an Autonomous Haulage Solution (AHS). The AHS will be integrated with the zero emission haul trucks that the companies are currently co-developing, with the aim to be the first AHS operating zero emissions vehicles globally. In August 2023, Liebherr announced the deployment of a fleet of four T 264 autonomous trucks in Western Australia for onsite validation, which marked the next stage… Read More Here

Mining in DRC Economy Partnership

Russia Seeks Stronger Ties with the Democratic Republic of the Congo

June 29, 2024June 29, 2024 Constance

Russia has expressed a strong interest in strengthening its relationship with the Democratic Republic of the Congo (DRC). The Kremlin views the Central African nation as a highly promising partner for developing bilateral relations. This assessment was highlighted following the Congolese President’s visit to Moscow on Tuesday. The President of the DRC is equally enthusiastic about the prospect of collaboration with Russia across various industries. According to a report by the Russian newspaper Sputnik, Russia is keen to enhance its economic ties with the DRC, seeing significant potential for growth… Read More Here

International Equipment & Technology Mining Equipment Partnership

Sandvik and Byrnecut Partner to Develop Diesel-Electric Mining Equipment

June 21, 2024June 21, 2024 Constance

Mining equipment maker Sandvik has announced a partnership with contract miner Byrnecut to develop diesel-electric loaders and trucks aimed at enhancing sustainability and productivity in underground mining operations. This initiative, formalized at The Electric Mine 2024 conference in Perth, Australia, will tailor equipment to Byrnecut’s specific requirements and optimize its underground activities. Pat Boniwell, Managing Director of Byrnecut Australia, stated, “Diesel-electric equipment combines the low-maintenance benefits of electric machines with the flexibility of diesel. Our long-standing association with Sandvik allows us to provide input and feedback that will shape the… Read More Here

Mining in Zambia Copper Partnership

Mopani Copper Mines Relaunch Marks New Era for Zambia

March 22, 2024March 22, 2024 Constance

In a historic event for Kitwe, the Copperbelt, and Zambia’s mining sector, Mopani Copper Mines celebrated its revitalization, heralding a significant economic shift for the region and the nation. President Hakainde Hichilema expressed deep appreciation for the collaborative efforts that led to the relaunch, emphasizing the meticulous negotiations with International Resource Holdings (IRH) from Abu Dhabi. The partnership, characterized by mutual respect and equitable benefits, ensures Zambian citizens retain a 49% shareholding through ZCCM-IH, showcasing a commitment to national prosperity. IRH’s $1.1 billion investment marks a groundbreaking milestone, representing the… Read More Here