CKM NEWSLETTER 02-01-2023

DRC Mining Industry Records Over 2.1 Million Tonnes of Copper for 2022…

The mining companies established in the Democratic Republic of the Congo produced an estimated volume of 2 million 190,818 tonnes of copper during the first 11 months of 2022 against 1 million 607,485 tonnes in the same period in 2021, i.e. an increase in production of more than of 583,000 tons, informs the Central Bank of Congo in its Summary of statistical information. In this volume of production… Read full details

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Zambia Scraps 25% Import Tax on Gasoline…

Amidst energy price pressures in Africa’s copper producer, Zambia, the Energy Ministry on December 27, announced an extermination of customs duty on petroleum products into 2023. This was contained in a communique from the energy authorities to the Oil Marketing Companies. The Zambian authorities, have amended the customs duty rate in Chapter 27 of the Customs and Excise Act Cap 322 from 25% to… Read full details

Gécamines, a state holding company, produced 4,114 tonnes of copper and 18,844 tonnes of cobalt…

From January to November 2022, Gécamines, a state holding company, produced 4,114 tonnes of copper and 18,844 tonnes of cobalt, according to figures provided by the Central Bank of Congo in its Digest of statistical information for the month. from December 2022. In both segments, we observe that Gécamines has increased its production volume compared to the same period in 2021 when this state-owned… Read full details

“The DRC segment of CEC has scaled up quite well…

“The DRC [Democratic Republic of Congo] segment of the business has scaled up quite well and is, today, performing well and contributing significantly to the revenue and the bottom line of our financial performance”, Copperbelt Energy Corporation Plc (CEC) Managing Director, Owen Silavwe has disclosed. In a recent interview on various aspects of the business, Silavwe was confident that the DRC… Read full details

• First Quantum Says no Disruption to Panama Ops Amid Dispute
• How Virtual Reality Makes Geology More Accessible
• CAT Rope Shovels Achieve Highest Availability in the World
• Independent Oil Companies in Africa increasingly Becoming a Larger Presence in the Continent’s Oil & Gas Industry
• The DRC Accelerates the Process of Launching its Development Bank

The Chief Executive Officer of Canadian miner First Quantum Minerals met Panama’s commerce and industry minister…

The Chief Executive Officer of Canadian miner First Quantum Minerals met Panama’s commerce and industry minister on Monday to discuss disagreements over the firm’s copper operations in the country, a person familiar with the matter said. First Quantum CEO Tristan Pascall flew to Panama over Christmas to attend the meeting in person with the minister, Federico Alfaro, according to the source, who… Read full details