Partnership - Copperbelt Katanga Mining

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

Angola Mining in DRC Oil & Gas Partnership

Angola and DRC Sign Historic Cooperation Agreement

July 13, 2023July 13, 2023 Constance

Angola and the Democratic Republic of Congo (DRC) have signed a significant cooperation agreement for the exploration, production, and development of hydrocarbons in the Common Interest Zone located on their maritime border. The historic deal was signed on July 13th in Kinshasa by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and DRC’s Minister of Hydrocarbons, Didier Ntubanga. This agreement marks the culmination of almost two decades of negotiations between the two countries and establishes the terms and general principles for exploration activities, production sharing, and ownership of… Read More Here

International Partnership

EU and Germany join forces to boost Rwanda’s mining sector

July 12, 2023July 12, 2023 Constance

This collaborative effort between the EU, Germany, and RMB aims to bolster Rwanda’s contribution to the regional, continental and global mining industry During the EU-Rwanda Business Forum in Kigali, the Rwanda Mines, Petroleum, and Gas Board (RMB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH launched the ‘Sustainable Development of the Mining Sector in Rwanda’ project – underscoring their commitment to driving sustainable growth in the country’s mining industry. The project launch, officiated by EU Director-General for International Partnerships, Mr. Koen Doens; RMB CEO, Amb. Yamina Karitanyi and GIZ… Read More Here

Battery Metals Mining in DRC Partnership

South Africa eyes electric batteries deal in DRC investment talks

July 12, 2023July 12, 2023 Constance

President Cyril Ramaphosa has won big in his talks with his Democratic Republic of the Congo (DRC) counterpart where a deal on the manufacture electric batteries will be explored. Presidents Felix Tshisekedi and Ramaphosa undertook to ensure the implementation of various agreements concluded during the 12th session of the Joint Grand Committee. DRC’s lithium vital in electric batteries In light of the DRC’s abundant lithium mineral reserves, the production of electric batteries is an excellent area of cooperation between South Africa and the DRC. Lithium helps make lithium-ion batteries, which… Read More Here

International Gold Partnership

Twiga Transforms Tanzanian Mining, Sets Standard for Industry

July 11, 2023July 11, 2023 Constance

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said yesterday July 10th. Briefing media at a mine visit, Bristow said in 2019 when Barrick took control over North Mara and Bulyanhulu — the mines that now form the Twiga complex — both were rundown and at a virtual standstill due to a deadlocked dispute between… Read More Here

Mining in Zambia Partnership

New Power Station to Boost Tanzania-Zambia Economic Ties

June 28, 2023June 28, 2023 Constance

A $100 million energy facility will be built in Zambia by the liquefied petroleum gas (LPG) company Taifa Gas of Tanzania in partnership with the local business Delta Marimba. 24 months after receiving regulatory permits from the Zambian government, including the Environmental Impact Assessment, the factory, which will be located in northern Zambia, will begin producing. Taifa Gas says it will explore more LPG opportunities such as cooking gas. The LPG power station will contribute 100 megawatts to Zambia’s national grid once it is operating. According to Taifa Gas Executive… Read More Here

Mining in DRC Oil & Gas Partnership

Angola and the DRC to Ink Block 14 Agreement on July 13

June 27, 2023June 27, 2023 Constance

The Democratic Republic of the Congo’s Hydrocarbons Minister Didier Budimbu and his Angolan counterpart Diamantino Pedro Azevedo have agreed to sign the Memorandum of Understanding (MoU) for the development of Block 14 on July 13 in Kinshasa. The signing of the MoU will formalize the Block’s ownership, with the DRC and Angola set to take a 30% share while global energy major – and operator of the block – Chevron will own a 40% stake, and follows a series of meetings held between the two countries. The signing date was agreed upon during… Read More Here

International Copper Partnership

Anglo American and Jiangxi Copper collaborate on responsible copper

June 23, 2023June 23, 2023 Constance

The agreement was signed during a visit to Jiangxi Copper’s headquarters in Nanchang, China, and is part of Anglo American’s work with customers to create sustainable value chains beyond its own mining operations, recognising consumers’ increasing expectations for sustainably sourced and supplied raw materials. Peter Whitcutt, CEO of Anglo American’s Marketing business, said: “We are developing a series of partnerships to shape a more sustainable and customer-centric value chain – one that meets consumer-driven demand for copper with demonstrably strong provenance credentials. That value chain begins with our portfolio of… Read More Here

Mining in DRC Partnership

DRC and Angola Agree to Jointly Exploit Hydrocarbon Resources in ZIC

June 23, 2023June 23, 2023 Constance

The Democratic Republic of Congo (DRC) and the Republic of Angola have agreed on the joint exploitation of hydrocarbon resources in the maritime zone of common interest between the two countries. It was during a joint meeting held in Luanda from June 20 to 21, 2023 between the two parties represented respectively by their Minister of Hydrocarbons. During these two days of work, Diamantino Pedro Azevedo, Angolan Minister of Hydrocarbons and Didier Budimbu Ntubuanga from the DRC also discussed the joint mechanism for the exchange of petroleum products. The first… Read More Here