Category: Uncategorized

The Democratic Republic of the Congo is having a good year 2022 economically. According to statistical data from the Central Bank of Congo, the DRC is recording an increase in production in several vital economic sectors. In the mining sector for example, for the first time the mining industry achieves a copper production volume exceeding the 2 million ton mark. The same is true for cobalt, the DRC produced more than 104,000 tonnes in 11 months this year, exceeding production for the whole of 2021. There is also an increase in production… Read More Here

Glencore in the Democratic Republic of Congo organized its 4th annual conference in Kinshasa this Tuesday, December 13, 2022. The theme of this conference is: Glencore, a partner for the energy transition and for the sustainable development of the DRC, was attended by representatives of the National Assembly elected from Lualaba, province which hosts Glencore’s activities in the DRC, representatives of the government, the Presidency of the Republic, and public institutions of the DRC, representatives of diplomatic missions, representatives of civil society, experts from the mining sector, economic operators as well as… Read More Here

Zimbabwe’s miners do not expect any significant impact from the government’s proposal to collect royalties in the form of refined minerals, the country’s Chamber of Mines said on Monday. President Emmerson Mnangagwa announced on Sunday that Zimbabwe would require companies mining gold, diamonds, lithium and platinum group metals (PGMs) to pay part of their royalties in refined metal rather than cash. The Chamber of Mines, which represents major mining companies, said it was not worried about the pronouncement because it would not increase existing royalty rates. “We respect the government’s position. It’s… Read More Here

With mining seeing a more sustained improvement in many Southern African Development Community (SADC) countries, miners, and supply partners with experience on the ground are set to have greater gains in the coming year. Miners in the region are not only currently enjoying high commodity prices, but also benefiting from improved supply chains, despite the global disruptions because of the pandemic, and stronger production performances, marking an encouraging first half of the year for the sector. The positive trend is set to continue in the second half. This year’s Investing… Read More Here

The Executive Board of the International Monetary Fund has concluded the 2022 consultations and the review of the Extended Credit Facility for the Democratic Republic of the Congo. All indicative targets were met except for social spending. The IMF points to persistent shortcomings in inter-ministerial coordination.  He also points out other weaknesses and calls for caution. For this year, growth was reduced to 6.1% (against 6.4% previously).  Despite excess liquidity, credit to the private sector remains weak (at 7% of GDP) and the banking sector vulnerable, she said.  The IMF… Read More Here

Blockchain mineral traceability firm Minexx has been approved by Rwanda’s government to support artisanal miners. In collaboration with the Rwanda Mines, Gas and Petroleum Board (RMB), Minexx will deploy and supervise blockchain powered technology to record and track mines’ key transactions, including miners’ payments, mineral traceability, minerals taxation, export process, supply chain corrective actions and community relations.  ASM operators will be using Minexx digital platforms and due diligence processes.  This will ensure that when ASMs extract tin, tungsten, tantalum, niobium and gold, they are transported, processed, exported and traded in… Read More Here

More severe-than-expected sanctions against Russia will disrupt Russian mining activities in Sub‑Saharan Africa without having a serious negative impact on domestic mining sectors themselves, a recent report by The Economist Intelligence Unit states. According to the research and analysis division of The Economist Group, sanctions on Russian miners, including both metals and energy producers, in Africa will create manageable downside risks, which are outweighed by risks to the upside stemming from steep increases in commodity prices.  However, given that most Russian mining operations in Africa are joint ventures that rely in part… Read More Here

The President of South Africa, President Cyril Ramaphosa, is confirmed to attend the 2022 Investing in African Mining Indaba, taking place in Cape Town from 9 – 12 May 2022. The President will deliver a Keynote Address on Tuesday, 10 May. The President’s attendance, along with Minister of Mineral Resources and Energy Gwede Mantashe, signals the continued importance of mining to the South African economy as a cornerstone creator of value through investment, procurement, job creation and community investment, and its contribution to the fiscus. The industry more than proved… Read More Here