CKM NEWSLETTER 04-09-2023

Sibanye rates its chances of bidding successfully for Mopani Copper Mines after jointly submitting an offer with a “substantial Chinese copper company”…

SIBANYE-Stillwater CEO Neal Froneman said he rated his firm’s chances of bidding successfully for Zambia’s Mopani Copper after jointly submitting an offer with a “substantial Chinese copper company”. “I do think we can involve eastern partners and help resolve a conflict Zambia is dealing with between east and west,” said Froneman in an interview. “Zambia did not request it.” A decision from Mopani… Read full details

• DRC Finance Minister Nicolas Kazadi Refutes Deputy Alfred Maicha’s Allegations on Primera RDC
• Xi Jinping’s Visit to South Africa Builds New Consensus on South-South Cooperation
• ERG Africa’s Boss Mining Signs Community Development Plan Agreement in DRC
• FQM and Rio Tinto Announce Completion of the La Granja Agreement
• International Markets Witness Growing Demand for Cobalt, the ‘Energy Transmission Ore’
• The Significance of Copper and Cobalt
• DRC: Ongoing Debate Over Government Grants to Primera Sparks Controversy

• DRC: Ongoing Debate Over Government Grants to Primera Sparks Controversy
• DRC President Satisfied with Government’s Efforts to Support Local Entrepreneurship
• 125 Mining Police Deployed in South Kivu to Combat Mineral Fraud

• Lake Kivu Gas Exploitation Hindered by Hydrocarbon Code’s Silent Gas Tax Regime
• Boss Mining and Lualaba Host Communities Sign Development Agreement
• Zambia Raises Petrol and Diesel Prices Amidst Oil Price Surge
• Caterpillar Celebrates 130 Years of Earthmoving Innovation in South Milwaukee, Wisconsin

CMOC has recorded a turnover of 12.22 billion US Dollars in its mines in the DRC in the first half of 2023, down 5.49% year-on-year…

CMOC Group Limited announced that it has recorded a turnover of 12.22 billion US Dollars in its mines in the Democratic Republic of Congo (DRC) in the first half of 2023, down 5.49% year-on-year. In a press release published on Wednesday August 30, 2023, CMOC explains that these results are due to the impact of the disruption of exports of TFM copper and cobalt products and the negative evolution… Read full details

ZEMA has issued a Notice of Cancellation of Decision Letter to Mwembeshi Resources Limited, regarding their mining operations in the Lower Zambezi National Park…

The Zambia Environmental Management Agency (ZEMA) has taken a significant step by issuing a Notice of Cancellation of Decision Letter to Mwembeshi Resources Limited, regarding their large-scale mining operations in the Lower Zambezi National Park under Licence No. 15547-H9-LML in Luangwa District. In an announcement that reverberated through environmental and mining circles, ZEMA informed that the… Read full details

Cobalt is witnessing a surge in demand across global industrial sectors and the DRC is responsible for producing 70% of the world’s supply…

Designated a crucial mineral propelling the shift toward sustainable energy, cobalt is witnessing a surge in demand across global industrial sectors. Despite this escalating demand, the Democratic Republic of Congo (DRC), responsible for producing 70% of the world’s cobalt, reaps a meagre share of revenue from its raw cobalt exports. In the recent weekly assembly of the Council of Ministers… Read full details

• DRC: Ongoing Debate Over Government Grants to Primera Sparks Controversy
• 125 Mining Police Deployed in South Kivu to Combat Mineral Fraud
• FQM and Rio Tinto Announce Completion of the La Granja Agreement
• International Markets Witness Growing Demand for Cobalt, the ‘Energy Transmission Ore’
  

The DRC has witnessed a decrease in the tax rate for the export of artisanal gold, dropping from 1.5% to 0.5%…

Since the close of 2022, the Democratic Republic of Congo (DRC) has witnessed a decrease in the tax rate for the export of artisanal gold, dropping from 1.5% to 0.5%. According to the arguments put forward by the Congolese Minister of Finance, Nicolas Kazadi, during the press briefing on Monday August 28, 2023, this measure was necessary in the context of non-competitive or even confiscatory… Read full details