Partnership - Copperbelt Katanga Mining

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

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