CKM NEWSLETTER 01-05-2023

Ivanhoe announced the signing of an off-take and financing term to return the historic Kipushi zinc-copper-lead-germanium mine to production …

Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Chairman Guy-Robert Lukama Nkunzi and General Manager Placide Nkala Basadilua of Gécamines, the Democratic Republic of Congo’s state-owned mining company, announced the signing of an off-take and financing term sheet to return the historic Kipushi zinc-copper-lead-germanium mine to production… Read full details

 CKM eMagazine Special Edition

Less than 2 weeks remaining for you to Maximize Your Exposure at DRC Mining Week 2023 through CKM Special Edition Click here for more details..

• Kamoto Copper Company Reports Progress of Local Entrepreneurship Program
• DRC’s Finance Minister Insists on Certifying Miba’s Reserves Before Implementing $453m Recovery Plan
• Tesla’s Co-Founder Makes Game-Changing Announcement About the Future of EV Batteries
• Friedland’s Copper and Africa Mining Predictions Coming True
• Over 20,000 Mining Employees Miss Out on Napsa’s Benefits in Zambia
• Glencore to Fund Restart of World’s Highest Grade Zinc Mine at Kipushi
• DRC’s Glencore Yields 61,800 Tonnes of Copper and 9,800 Tonnes of Cobalt in Q1 of 2023

Volvo Launches R60 Rigid Hauler

• The Price of Gold Continues to Fall Below the Bar of 2000 USD Per Ounce
• DRC Govt Encouraged to Reduce Economy’s Dependence on Mining Sector
• Ivanhoe Mines to Unveil First Quarter Financials on May 3rd
• DRC’s President Advocates Transparency and Fund Security Through the Reactivation of Fomin

Eurasian Resources Group (ERG), a Kazakh Company Registered in Luxembourg, Plans to Invest Us$1.8 Billion in the Development of its Mines in the DRC & Zambia…

According to the words of the Managing Director of this company, Benedikt Sobotta, the company intends to develop the minerals produced in the Democratic Republic of Congo (DRC). ERG thus envisages significant production of copper and cobalt in this year 2023, with a focus on its mining operations in the Democratic Republic of Congo as well as in Zambia. “Regions like the DRC that produce the mate… Read full details

First Quantum Minerals, a Canadian mining company, reported a significant drop in earnings in Q1 2023…

First Quantum Minerals, a Canadian mining company, reported a significant drop in earnings in Q1 2023, with profits falling by over 80% to $75 million compared to $385 million in the same period last year. The decline in earnings was attributed to a series of operational challenges affecting the company’s top three operations. Copper production in Q1 reached almost 139,000 tonnes, down 33% from… Read full details

Zambia’s annual cobalt production in 2022 has reached 251 tons, representing a 2% increase from the 247 tons produced in 2021…

Official data from the Ministry of Mines and Minerals Development shows that Zambia’s annual cobalt production in 2022 has reached 251 tons, representing a 2% increase from the 247 tons produced in 2021. The country’s cobalt production had previously decreased after the collapse of international prices. The Ministry of Mines and Minerals Development, revealed that the country produced 251 metric… Read full details

• Kamoto Copper Company Reports Progress of Local Entrepreneurship Program
• DRC’s President Advocates Transparency and Fund Security Through the Reactivation of Fomin
• DRC’s Finance Minister Insists on Certifying Miba’s Reserves Before Implementing $453m Recovery Plan
• Friedland’s Copper and Africa Mining Predictions Coming True

MIBA expects the government to finance its recovery plan estimated at 453 million USD to be implemented in 5 years…

The “MIBA SA” has been experiencing serious difficulties for twenty years, the first visible signs of which appeared around 1998. They worsened over time to lead to the cessation of production in November 2008 and to resume in 2011 to date at an insignificant level. This company expects the government to finance its recovery plan estimated at 453 million USD to be implemented in 5 years… Read full details