Transport and Logistics - Copperbelt Katanga Mining

Zambia Embraces US-Backed Project to Transform Copper Mining Logistics

March 3, 2024March 3, 2024 Constance

Zambian President Hakainde Hichilema has hailed a transformative initiative supported by the United States, aiming to link the nation’s copper mines to the Angolan port of Lobito, presenting what he calls a “once-in-a-lifetime” opportunity for Zambia. The ambitious project involves the construction of new railway infrastructure in Zambia, connecting mining operations owned by companies such as Barrick Gold Corp. and First Quantum Minerals Ltd. to the Atlantic Ocean port of Lobito in Angola. The United States is contributing to the refurbishment of the Angolan railway with a $250 million loan,… Read More Here

Transport and Logistics Mining in DRC Mining in Zambia

European Union Reaffirms Commitment to Lobito Corridor Development in Angola

February 26, 2024February 27, 2024 Constance

In a recent meeting held in Luanda, the European Union (EU) reiterated its dedication to financing ongoing feasibility studies and professional training initiatives aimed at enhancing productivity and profitability within the Lobito Corridor. The assurance came during discussions between European Commissioner Jutta Urpilainen and Angolan Minister of Transport, Ricardo Viegas D’Abreu. The primary focus of this meeting was to underscore the EU’s unwavering support for the development of the Lobito Corridor. Through its Global Gateway Strategy initiative, the EU has already allocated three million euros for feasibility studies aimed at… Read More Here

Mining in DRC Transport and Logistics

USD 956 million needed for the modernization of the Matadi-Kinshasa railway

February 19, 2024February 19, 2024 Constance

The Matadi-Kinshasa railway modernization project necessitates a budget of $956 million, as revealed by Adel Kayinda, Minister of State and Minister of Portfolio, during the recent Council of Ministers meeting held on February 16, 2024. Kayinda outlined the essential steps required for the successful execution of this transformative railway project in the Democratic Republic of Congo (DRC), emphasizing positive assessments from the Analysis Commission regarding technical, financial, and legal aspects. Four critical conditions were highlighted for the project’s success: 1.Establishment of a project company to oversee the CFMK. 2.Formation of… Read More Here

Copper Mining in DRC Press Release Transport and Logistics

Ivanhoe Mines’ Kamoa-Kakula to Export Copper via Lobito Railway

February 12, 2024February 12, 2024 Constance

Term sheet allocates Kamoa-Kakula up to 240,000 tonnes of annual capacity for export of copper products along the Lobito Corridor from 2025 ■ Lobito Corridor passes through Ivanhoe’s Western Foreland licences and within five kilometres ofKamoa-Kakula ■ Lobito Corridor will transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional economic development ■ Lobito Corridor is supported by the United States and G7 nations through the Partnership for Global Infrastructure and Investment Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna… Read More Here

Mining in Zambia Coal Transport and Logistics

Zambia’s Govt Inaugurates Chambeshi Railway Siding Depot to Boost Logistics in the Country

January 31, 2024January 31, 2024 Constance

The Zambian government has officially launched a railway siding depot at Sunline Zambia logistics company in Kalulushi District, Copperbelt. The depot aims to facilitate the transportation of fifteen thousand metric tonnes of coal monthly, contributing to efforts to enhance the railway sector and alleviate road congestion caused by heavy cargo transport. Transport and Logistics Minister Frank Tayali emphasized the project’s significance, praising the government’s economic policies that attracted a three-million-dollar investment from the Chinese company into the Chambeshi railway siding. Johnny Jiang, Chairman of Sunline International Logistics, commended the Zambian… Read More Here

Mining in Zambia Transport and Logistics

Zambia and Botswana Establish Kazungula Bridge Authority for Regional Economic Growth

January 31, 2024January 31, 2024 Constance

Zambia and Botswana have successfully concluded discussions to establish the Kazungula Bridge Authority, which will be headquartered in Botswana. During a meeting with Botswana President Mokgweetsi Masisi, Zambian President Hakainde Hichilema announced the outcomes of the discussions. The key agreement is that the Chief Executive Officer of the Kazungula Bridge Authority will be a Zambian. President Masisi shared that, once formalities are completed, the authority will focus on expanding access roads and implementing advanced ICT technology to enhance service delivery. Ministers from both countries have been assigned to address outstanding… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

Lobito Atlantic Railway Assumes Control of Benguela Railway Operations

January 30, 2024January 30, 2024 Constance

In a significant development reported on January 25, the Lobito Atlantic Railway S.A. officially assumed operational control of the Benguela Railway, a pivotal rail infrastructure within the Lobito Corridor. The inaugural departure of the first two trains was sanctioned at 5:00, with the Board of Directors of the Caminho de Ferro de Benguela in attendance, as shared on Vecturis’ LinkedIn page. The Lobito Atlantic Railway S.A. represents a collaborative joint venture involving Trafigura, Mota-Engil, and Vecturis, tasked with managing the primary railway concession integral to the Lobito Corridor. A key… Read More Here

Mining in DRC Angola Transport and Logistics

All-American Rail Group Inks MOU to Assist Angola to Extend Northern Corridor Rail to DRC

January 30, 2024January 30, 2024 Constance

On December 9, 2023, the All-American Rail Group (“AARG”) codified its commitment to provide advisory services to Angola’s rail and infrastructure development through the signing of a Memorandum of Understanding (“MOU”) with Angola’s Ministry of Transport. The entire Lobito Corridor project is valued at $4.5 billion and includes infrastructure through more than 340 kilometers (i.e., 830 miles) of land through Angola, the DRC and Zambia. This MOU is related to the Angola portion of the track between Luanda, Angola’s capital, and the Democratic Republic of Congo’s (DRC) southern city of… Read More Here

International Economy Transport and Logistics

U.S. Secretary of State Travels to Africa on Four-Nation Tour

January 22, 2024January 22, 2024 Constance

U.S. Secretary of State Antony Blinken has undertaken a four-nation tour of Africa to boost infrastructure investment and trade with the continent.During the tour, Blinken will visit Cape Verde, Côte d’Ivoire, Nigeria, and Angola. The six-day tour, which began on 21 January in Cape Verde, will focus on regional security, conflict prevention, democracy promotion, and trade, with particular emphasis being placed on the U.S.’s strategic partnership with Angola. Blinken is expected to expand on the Biden Administration’s partnership with Angola in the areas of economic investment, food security, health and… Read More Here

Mining in Zambia Mining in DRC Transport and Logistics

Zambia’s Transport Minister Commends Ratification of Walvis Bay-Ndola-Lubumbashi Corridor

January 22, 2024January 22, 2024 Constance

Zambia’s Transport and Logistics Minister, Frank Tayali, expresses immense satisfaction following the recent ratification of the Walvis Bay-Ndola-Lubumbashi Corridor. This development, involving the Democratic Republic of Congo, Namibia, and Zambia, is poised to be a game-changer, fostering economic growth not only within member countries but also beyond. Tayali underscores the significance of this corridor in propelling economic development, aligning with the Zambian Government’s vision to transform the nation into a pivotal transport and logistics hub within the region. This strategic move resonates with the government’s broader goal of steering Zambia… Read More Here