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DRC Reaffirms Global Cobalt Leadership and Push for Traceability at Cobalt Institute Conference 1 Uncategorized Battery Metals Cobalt Mining in DRC 

DRC Reaffirms Global Cobalt Leadership and Push for Traceability at Cobalt Institute Conference

Constance
At the opening of the Cobalt Institute’s 8th Annual Conference in Singapore, Democratic Republic of Congo (DRC) Minister of Mines, Kizito Pakabomba, emphasized the country’s pivotal role in the global energy transition. He noted that over 70% of the world’s cobalt originates from the DRC, underscoring its strategic importance in meeting the energy challenges of the 21st century. Addressing a gathering of industry experts, mining operators, and investors, Minister Pakabomba reaffirmed the DRC government’s commitment to promoting traceability of critical minerals. This, he said, is part of a broader effort… Read More Here
Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons 23 Uncategorized 

Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons

Constance
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
CKM NEWSLETTER 28-10-2024 24 Uncategorized 

CKM NEWSLETTER 28-10-2024

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                          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 Fined 900,000 Kwacha in Zambia for Illegal Copper Scrap Operations 44 Uncategorized 

Neelkanth Metals Fined 900,000 Kwacha in Zambia for Illegal Copper Scrap Operations

Constance
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
DRC Aims to Diversify Mining Sector with New Investors and Reduce China’s Dominance 45 Uncategorized 

DRC Aims to Diversify Mining Sector with New Investors and Reduce China’s Dominance

Constance
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
Zambia's Copper Production Set to Surge by 2027 46 Copper Economy Mining in Zambia Uncategorized 

Zambia’s Copper Production Set to Surge by 2027

Constance
Zambia’s annual copper production is projected to grow by more than 40% to reach 1 million tons by 2027, according to the country’s Finance Ministry. As Africa’s second-largest copper producer, Zambia aims to capitalize on the anticipated supply shortfall driven by the energy transition, which is increasing demand for copper in electric vehicles and wind farms. In 2023, Zambia’s copper output fell to a 14-year low of 698,566 tons due to frequent tax changes and conflicts with the previous government. However, the Ministry of Finance and National Planning’s medium-term budget… Read More Here
BHP Withdraws Acquisition Bid for Anglo American 47 Uncategorized 

BHP Withdraws Acquisition Bid for Anglo American

Constance
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
Copper’s new cycle: from women to the world 67 Uncategorized Copper Environment Social Governance (ESG) Mining in Zambia 

Copper’s new cycle: from women to the world

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A Kansanshi-supported value addition initiative has blossomed into a jewellery studio that’s building women’s careersIt’s 7am and 13 young women are seated around a table in the centre of Nsanshi Art’s spacious workshop, sunlight streaming through the wide windows. Clamps and jeweller’s saws and torches lie on workstations around them, waiting for the work day to start, when they will turn scraps of discarded copper into custom-made jewellery and other value-added products. These women are the latest students in Nsanshi Art’s two-year training programme, during which they will learn a set… Read More Here

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