Category: Uncategorized

The first batch of 275 new container wagons, purchased from South Africa’s Galison Manufacturing, has arrived in Lobito, Angola, to enhance the transport capacity of the Lobito Atlantic Railway (LAR). This strategic investment is part of LAR’s broader expansion and modernization plan, aimed at boosting railway infrastructure over the next three years. Arriving earlier this week, the new wagons are equipped with a modern pneumatic braking system and a lightweight steel structure, ensuring safer and more efficient transport operations. Each wagon weighs 13.5 tons and has a load capacity of… Read More Here

                          The DRC & ZMB’s Top Mining News Platform Mining Stories to Kick Start Your Week       The Ministry of Mines and Minerals Development, and the Zambia Chamber of Mines have expressed their support for the Geological and Minerals Development Bill 2024… The Government of Zambia, through the Ministry of Mines and Minerals Development, and the Zambia Chamber of Mines have expressed their support for the Geological and Minerals Development Bill 2024. This announcement follows a… Read More Here

Neelkanth Metals Limited has been fined 900,000 Kwacha by the Ndola Chief Resident Magistrate across three charges related to illegal handling and acquisition of copper scrap. The fines include 300,000 Kwacha for trading in scrap metal without a license, another 300,000 for failing to maintain transaction records, and an additional 300,000 for acquiring scrap metal without a clearance certificate. If payment is not made by November 4, 2024, authorities may issue a warrant of distress, allowing asset seizure to recover the fines. Additionally, over 4,000 kilograms of confiscated copper cables… Read More Here

The Democratic Republic of Congo (DRC) is actively seeking new investors to diversify its mining sector, currently dominated by China, according to Mines Minister Kizito Pakabomba. The DRC, home to world-class deposits of key metals like copper and cobalt, is looking to attract a wider range of investors by streamlining customs and tax processes and partnering with the United Arab Emirates. In an interview, Pakabomba outlined plans to modernize the country’s infrastructure, including revamping a railway system that would facilitate the export of minerals via a port along the Atlantic… Read More Here

Mining giant BHP has confirmed that it will not proceed with a firm offer to acquire Anglo American, following the rejection of its £39 billion takeover proposal. Last month, BHP made an unsolicited, non-binding all-share buyout offer to Anglo American. The proposal included plans for separate demergers, requiring Anglo American to distribute its interests in South Africa’s Anglo American Platinum and Kumba Iron Ore to shareholders. Despite later sweetening its bid, BHP’s offer was again declined by the Anglo American board. BHP argued that its offer would provide immediate value… Read More Here

The Minister of Green Economy and Environment, Hon. Eng. Collins Nzovu MP, has expressed Zambia’s keen interest in learning from India’s experiences and collaborating on climate change mitigation efforts. In a meeting with India’s High Commissioner to Zambia, His Excellency Mr. Ashok Kumar, Minister Nzovu highlighted the significant contributions of Zambia’s vibrant Indian community to the country’s economy, holding key positions across various sectors.  He also noted India’s substantial investments in Zambia, particularly in the mining sector, which exceed US$5 billion, with notable ventures such as Vedanta Resources in Konkola… Read More Here

First Quantum Minerals Ltd. says it remains committed to Panama and its flagship mine, even as the company follows orders from the government to indefinitely shutter the $10 billion operation. First Quantum received an initial “framework” from Panamanian authorities on Tuesday for closing the mine by June of next year, and will follow up with the government to discuss the details of executing the shutdown, chief executive officer Tristan Pascall said in an interview. Panama’s decision to close the massive mine in the wake of countrywide protests has sent shockwaves… Read More Here