Partnership - Copperbelt Katanga Mining

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

Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Partnership

Insights from U.S.-DRC-Zambia EV Battery Deal on New U.S. Africa Approach

August 25, 2023August 25, 2023 Constance

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals? In December 2022, at a sideline event during the U.S.-Africa Leaders Summit in Washington, the United States signed a trilateral memorandum of understanding (MOU) with the Democratic Republic of the Congo (DRC) and Zambia for the development of an integrated value chain for the production of electric vehicles (EV) batteries. This… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Energy Partnership

UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership

August 6, 2023August 6, 2023 Constance

The British Government has agreed a partnership with Zambia covering clean energy and critical mineral supply worth more than $3.7bn (£2.91bn). Under the clean energy and green investment partnership, the UK will aim to generate $3.1bn of private sector investment for the Zambian mining and renewable energy industries. A further $600m of funding will come in the form of UK Government-backed investments. Approximately 70% of Zambia’s export earnings come from mining. In 2022, Zambia was the world’s eighth-largest copper producer, and second in Africa. In the same year, it was also the world’s 13th-largest… Read More Here

Partnership Gold International

Barrick Gold Faces Tough Quest in Seeking a Partner

August 6, 2023August 6, 2023 Constance

Barrick Gold Corporation (NYSE: GOLD) is a major gold and copper producer worldwide, but its efforts to increase its copper production through acquisitions have been unsuccessful. First Attempt: Barrick Gold’s Merger with Freeport-McMoRan A potential merger between Barrick Gold and Freeport-McMoRan made sense due to both companies producing gold and copper, with Freeport-McMoRan being predominantly a copper producer. Barrick’s CEO, Mark Bristow, expressed a desire to grow the company’s copper segment, but the merger could not be achieved. Second Unsuccessful Attempt: Acquisition of Canadian Miner First Quantum Minerals Barrick Gold’s… Read More Here

Mining in Zambia Battery Metals Partnership

Zambia and Russia Explore Collaboration in Electric Vehicle Battery Production

July 31, 2023July 31, 2023 Constance

In a groundbreaking move aimed at bolstering the electric vehicle (EV) industry, the Russian motor vehicle sector is actively seeking partnerships with Zambia to manufacture advanced EV batteries. The Russian President, Vladimir Putin, recently expressed his country’s interest in establishing joint ventures with Zambia to facilitate the production of cutting-edge EV batteries. Both nations have enjoyed a long history of warm bilateral relations, making this collaboration a natural progression. The announcement was made during the Russia-Africa Economic and Humanitarian Forum in Saint Petersburg, Russia, where Zambian Foreign Affairs and International… Read More Here