Transport and Logistics - Copperbelt Katanga Mining

DRC Senate Approves Ratification of Lobito Corridor Agreement

December 15, 2024December 15, 2024 Constance0 comment

The Senate of the Democratic Republic of Congo (DRC) ratified the agreement establishing the Lobito Corridor Transit Transport Facilitation Agency (AFTTCL) during a plenary session on December 2, 2024. The agreement, signed on January 27, 2023, in Lobito, Angola, involves a partnership between the DRC, Angola, and Zambia. The bill, first presented to the Senate on November 22, 2024, was referred to the “External Relations” Committee for detailed review. The committee, led by Senator Lutundula Apala Pen Apala, recommended ratification, emphasizing the corridor’s strategic importance to the DRC’s economy and… Read More Here

Mining in Zambia Angola Mining in DRC Transport and Logistics

U.S. Investment Boosts Africa’s Strategic Rail Link for Mining and Economic Growth

December 6, 2024December 6, 2024 Constance0 comment

The Lobito Corridor is set to become the largest American investment in African railways, according to US President Joe Biden. This strategic railway link, connecting the Democratic Republic of Congo (DRC) and Angola, is poised to transform the transportation of essential metals used in vehicle manufacturing and wind turbines from mining sites to the port. Stretching 1,344 kilometers, the Lobito Corridor is designed to facilitate the transport of critical minerals, including copper and cobalt, which are vital for the global energy transition. The DRC, responsible for 70% of the world’s… Read More Here

Mining in Zambia Angola Governance Mining in DRC Transport and Logistics

US President Joe Biden Announces $560 Million Funding for Lobito Trans-African Corridor

December 6, 2024December 6, 2024 Constance0 comment

On Wednesday, December 4, 2024, US President Joe Biden unveiled more than $560 million in funding for the Lobito Trans-African Corridor, during a meeting in Lobito with Angolan President João Lourenço, DRC President Félix Tshisekedi, Zambian President Hakainde Hichilema, and the Vice President of Tanzania. The project, designed to connect the mining basins of the Democratic Republic of Congo (DRC) and Zambia to the port of Lobito, is crucial for transporting key natural resources such as copper and cobalt. President Biden emphasized that the Lobito Corridor represents a transformative opportunity… Read More Here

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Félix Tshisekedi Highlights Strategic Importance of the Lobito Corridor for Regional Prosperity

December 6, 2024December 6, 2024 Constance0 comment

The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, emphasized the strategic significance of the Lobito Corridor during a multilateral meeting in Benguela, Angola, on Wednesday, December 4, 2024. This corridor, linking the DRC, Zambia, and Angola, is set to become a vital trade route, aiming to transport up to 20 million tonnes of goods annually by 2030. Tshisekedi highlighted its potential to drive economic development, particularly in the DRC’s copper and cobalt sectors, which are crucial to the global energy transition. “The Lobito Corridor, designed to transport… Read More Here

Transport and Logistics Angola Infrastructural Development Mining in DRC Mining in Zambia

Biden Announces $600 Million in New Financing for African Railway Infrastructure

December 5, 2024December 5, 2024 Constance0 comment

President Joe Biden is concluding his trip to Angola with a significant announcement of $600 million in new financing for a multi-country railway, a move aimed at boosting U.S. investment in critical minerals infrastructure across Africa and countering China’s growing influence on the continent. This latest announcement builds on the $553 million pledged earlier this year by the U.S. International Development Finance Corporation (DFC) for the Lobito Trans-Africa Corridor, which will connect the Central African copperbelt to the Angolan coast. The new funding will support not only rail infrastructure but… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia Press Release

President Biden visits Lobito Atlantic Railway to view copper exports to the USA

December 5, 2024December 5, 2024 Constance0 comment

Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC). The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the Lobito Corridor in linking Southern Africa and international markets. Nicolas Gregoir, Director of Operations (COO) at LAR, presented to… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

World Bank Announces $300 Million Project for the Lobito Corridor

December 2, 2024December 2, 2024 Constance0 comment

The World Bank is preparing a $300 million project for the Lobito Corridor, according to Victoria Kwakwa, the institution’s Vice President for Eastern and Southern Africa. She emphasized that participating countries must create favorable conditions for foreign investment. “The three countries involved must also focus on improving connectivity. Each must establish conditions to boost trade, address regulatory barriers, and develop infrastructure that enhances regional connectivity. This will enable the region to become a hub of commerce and development,” Kwakwa stated, as reported by Lusa. Highlighting the strategic importance of the… Read More Here

Mining in Zambia Economy Transport and Logistics

Zambia Advances SME Growth with Lobito Corridor Trade Facilitation Project

November 30, 2024November 30, 2024 Constance0 comment

Zambia has taken a major step toward supporting Small and Medium Enterprises (SMEs) by signing a Memorandum of Understanding (MOU) for the Lobito Corridor Trade Facilitation Project. This initiative, backed by the African Development Bank (AfDB), involves collaboration between Zambia’s Ministry of Commerce, Trade, and Industry and the Ministry of Small and Medium Enterprise Development. The project seeks to strengthen trade among the Lobito Corridor states—Zambia, Angola, and the Democratic Republic of Congo (DRC). The MOU was signed during a ceremony in Lusaka attended by senior government officials, directors, and… Read More Here

Mining in DRC Governance Infrastructural Development Transport and Logistics

DRC Plans Strategic Partnership with China to Advance Transport and Infrastructure Projects

November 30, 2024November 30, 2024 Constance0 comment

The Democratic Republic of Congo (DRC) is strengthening its collaboration with China to accelerate development in key sectors, including transport. Deputy Prime Minister and Minister of Transport, Communication Routes, and Disenclavement, Jean-Pierre Bemba Gombo, emphasized this partnership during a Council of Ministers meeting on November 22, 2024. Bemba presented an information note detailing efforts to prepare a comprehensive list of projects to be submitted to Chinese financial institutions as part of the Sino-Congolese cooperation framework. According to the minutes of the Council of Ministers, the finalized project lists were discussed… Read More Here

Mining in Zambia Copper Transport and Logistics

Cold Box Unit Completes Successful Journey to Kansanshi Mine in Zambia

November 25, 2024November 25, 2024 Constance0 comment

The Cold Box Unit has successfully arrived at Kansanshi Mine in Solwezi, completing a challenging journey that began on October 29, 2024, at the Katima Mulilo Border in Zambia’s Western Province. After a well-coordinated transport effort, the load passed through multiple provinces, navigating various terrains and logistical hurdles before arriving at the Kansanshi Mine boom gate at 16:50 hours. Transporting this large and complex piece of equipment posed significant challenges due to its abnormal size and weight. The operation required meticulous planning and coordination between transport authorities, logistics teams, and… Read More Here