Partnership - Copperbelt Katanga Mining

EU Signs Crucial Partnerships with DRC and Zambia for Sustainable Raw Materials Value Chains 1

At the recent “Global Gateway” forum in Brussels, Jutta Urpilainen, the European Union’s Commissioner for international partnerships, signed significant memoranda of understanding with key African counterparts. On October 26, 2023, she joined hands with the Democratic Republic of Congo’s Minister of Transport, Marc Ekila Likombo, for a partnership on critical and strategic raw materials value chains. Furthermore, a strategic partnership on sustainable raw materials value chains was established with Zambia’s Minister of Finance, Situmbeko Musokotwane. This momentous event follows the G20 Summit in New Delhi, India, in September 2023, where… Read More Here

Mining in Zambia Copper Gold Partnership

Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment

October 4, 2023October 4, 2023 Constance

Barrick’s transformation of its Lumwana mine into a world-class producer will provide strong impetus for the government’s thrust to revive the country’s copper industry, president and chief executive Mark Bristow said on September 3rd after a meeting with Zambian President Hakainde Hichilema. Barrick is investing almost $2 billion in an expansion project designed to increase Lumwana’s annual production to an estimated 240,000 tonnes of copper from a 50 million tonne per annum process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front rank of copper… Read More Here

International Gold Partnership

Barrick Acknowledges Twiga Partnership’s Mining Impact

September 29, 2023September 29, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow. Speaking to media, Bristow said Barrick’s pioneering Twiga partnership with the government, which equally shares the economic benefits generated by the North Mara and Bulyanhulu mines, should be a model for successful cooperation, notably in developing countries. Not only is Barrick now the largest contributor to the Tanzanian economy… Read More Here

Mining in Zambia Battery Metals Cobalt Lithium Mining in DRC Partnership

EU Nurtures Partnerships with DRC and Zambia to Secure Critical Materials

September 28, 2023September 28, 2023 Constance

The European Union (EU) is working on partnerships with the Democratic Republic of Congo (DRC) and Zambia to strengthen local industries in the face of growing competition with China for essential resources in the green and digital sectors. A forthcoming memorandum of understanding will signify the EU’s support for cultivating local value chains, especially since a significant portion of critical material processing, such as lithium and cobalt, currently occurs in China. The EU’s objective is to diversify the suppliers of crucial resources and counter China’s substantial infrastructure investments in regions… Read More Here

Mining in DRC Oil & Gas Partnership

DRC Signs ‘Production Sharing’ Agreement for Lake Kivu Gas Blocks

September 15, 2023September 15, 2023 Constance

The government represented by the Ministers of Hydrocarbons Didier Budimbu, that of Finance Nicolas Kazadi and the companies (Winds Exploration and Production and Alfajiri Energy) signed on Saturday September 9, 2023 in Kinshasa, the “production sharing” contract for the exploitation of two gas blocks from Lake Kivu open to exploration and production in the DRC. A procedure which respected the rules was unanimously testified by the two companies concerned alongside the Société Nationale des Hydrocarbures (SONAHYDROC SA) representing the Congolese State and which will have an exclusive 20% of the… Read More Here

Mining in DRC Battery Metals Cobalt Lithium Partnership

Glencore Strikes Strategic Agreement with Tantalex

September 15, 2023September 15, 2023 Constance

The Canadian company Tantalex Lithium Resources operating in the Democratic Republic of Congo (DRC) and Glencore concluded a memorandum of understanding at the end of last week according to which Glencore will have to partly finance the development of its lithium residue project in Manono. Under the terms of the memorandum of understanding, Glencore must obtain, in exchange for financing, the right to purchase and market the lithium that will be produced at Manono. And the funding itself will be divided into three tranches. A first of 2 million USD and… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia Partnership

Lobito Corridor Secures Support from U.S.-EU Partnership

September 13, 2023September 13, 2023 Constance

The U.S. and the European Union (EU) have formed a partnership to provide technical and financial support for the development of the Lobito Corridor in southern Africa amid efforts by the country and bloc to stimulate investment in strategic infrastructure corridors worldwide. Through the partnership, the U.S. and EU will work collaboratively with Lobito Corridor host countries Angola, Zambia and the Democratic Republic of the Congo (DRC) to upgrade critical infrastructure and unlock economic benefits for the countries. The Lobito Corridor is a transregional infrastructure project connecting southern DRC and… Read More Here

Mining in DRC Angola Battery Metals Exploration Mining in Zambia Partnership

Japan Expands Critical Mineral Exploration Partnerships in Africa to Diversify Supply Chain

August 30, 2023August 30, 2023 Constance

In a strategic effort to reduce dependency on China for crucial minerals essential in high-tech industries, Japan has inked agreements with five African nations. The agreements were signed to facilitate the exploration and extraction of critical minerals like rare earths, cobalt, lithium, and nickel, aiding Japan’s drive to secure its supply chain. Minister of Economy, Trade and Industry Yasutoshi Nishimura, accompanied by Ichiro Takahara, Chairman and CEO of Japan’s state-owned Organization for Metals and Energy Security, embarked on a week-long journey to Namibia, the Democratic Republic of the Congo (DRC),… Read More Here

Mining in Zambia Copper Mining Personality Partnership

SIBANYE-Stillwater CEO Expresses Confidence in Bidding for Zambia’s Mopani Copper with Chinese Partner

August 30, 2023August 30, 2023 Constance

SIBANYE-Stillwater CEO Neal Froneman said he rated his firm’s chances of bidding successfully for Zambia’s Mopani Copper after jointly submitting an offer with a “substantial Chinese copper company”. “I do think we can involve eastern partners and help resolve a conflict Zambia is dealing with between east and west,” said Froneman in an interview. “Zambia did not request it.” A decision from Mopani’s current owner, the state-owned ZCCM-IH, was about “two to three weeks away” after which the successful bidder would begin negotiations on a long-term fiscal regime, royalties and… Read More Here

Copper International Partnership

FQM and Rio Tinto Announce Completion of the La Granja Agreement

August 28, 2023August 28, 2023 Constance

Canadian firm First Quantum Minerals and mining major Rio Tinto have finalised the establishment of a joint venture (JV) to develop the La Granja copper project in Peru. Located at a high altitude in Cajamarca, Northern Peru, La Granja is a complex orebody with a potential for a large, long-life operation. The project’s indicated and inferred mineral resources total at 4.32 billion tonnes at 0.51% of copper. After fulfilling conditions such as regulatory clearances in Peru, First Quantum picked a 55% interest in the project from Rio Tinto, in a $105m deal.… Read More Here