CKM NEWSLETTER 05-07-2021

AVZ Minerals has has received firm commitments for a placement to raise $40 million for Manono in DRC…

AVZ Minerals is pleased to announce it has received firm commitments for a placement to raise $40 million (before costs) from sophisticated, professional and institutional investors to accelerate the advancement of the Tier 1 Manono Lithium and Tin Project (“Manono Project”) in the Democratic Republic of the Congo (“DRC”). The capital raising was… Read full article

      Sponsored advertisement

                More top mining stories

• Copper Price Set For Smallest Quarterly Gain Since March 2020
• FQM in Crackdown on Job Scams
• Red Rock starts drilling at DRC copper/cobalt project
• DRC: the “Makuta ya Maendeleo” consortium notes inconsistencies in 2018-2020 EITI report on mining royalties

• DRC-Rwanda: Tshisekedi and Kagame to regulate illegal exploitation in gold sector and establish peace
• DRC-Rwanda: three cooperation agreements on investments, taxation and mining
• Anglo’s Tax, Economic Contribution to South Africa Totals Nearly $8.5bn In 2020

.

Kamoa-Kakula mine will significantly boost the volume of copper production in DRC…

The entry into production on May 25, 2021 of the Kamoa-Kakula mine in the province of Lualaba will significantly boost the volume of copper production in the Democratic Republic of the Congo. This is supported in particular by the rating agency Fitch which estimates a growth of 7.8% in world copper production which will be induced by production from the DRC. For Fitch, copper mines currently operating… Read full article  

Ø  Read Also: Zimbabwe to Allow Miners to Export Portion of their Gold

Good prospects for the mining companies in the DRC which produce all these minerals…

These analysts’ forecasts indicate good prospects for the mining companies in the DRC which produce all these minerals. Bloomberg NEF (BNEF), a provider of strategic research, has increased its forecast for annual lithium-ion battery demand by more than a third from its previous forecast due to expectations of rapid growth in the passenger vehicle segment, mining.com reports. According to the… Read full article

Argonaut announced additional placement of share under its existing placement capacity to fund a drilling work in Zambia…

Junior Argonaut Resources announced that it has placed 693.3-million shares, at a price of 0.75c a share, under its existing placement capacity to fund a drilling work in Zambia. The firm has completed a A$5.2-million private placement to professional and sophisticated investors to fund the Zambian venture. “The funds raised will allow Argonaut to resume drilling at the Nyungu copper/cobalt… Read full article

• DRC: downward trend in metal export prices on the market from June 26 to July 3, 2021 (Mercuriale)
• DRC-Rwanda: Tshisekedi and Kagame to regulate illegal exploitation in gold sector and establish peace
• DRC-Rwanda: three cooperation agreements on investments, taxation and mining

 Central African Gold has acquired multiple precious and base metals projects in DRC…

Central African Gold (TSXV:CAGR) announced today that it acquired multiple precious and base metals projects located in the Democratic Republic of Congo. Central African signed a deal with La Societe Miniere de Bakwanga SA (MIBA) to enter a joint venture to develop and exploit the Musefu Gold Project located in Kasai Central Province in southern DRC. Kevin Torudag, Senior Advisor to the… Read full article

The Inga in DRC a possible key to the green electrification of Africa…

The Inga hydropower scheme in the Democratic Republic of Congo (DRC) could be the key to the green electrification of Africa, according to a new report from Wood Mackenzie. Could the project also be a catalyst for the development of vast under-utilised resources, creating a centre for low carbon metals production? Julian Kettle, WoodMac’s Senior Vice Chair, Metals and Mining, believes so… Read full article

Sponsored advertisement

• Copper Price Set For Smallest Quarterly Gain Since March 2020
• Red Rock starts drilling at DRC copper/cobalt project
• DRC: the “Makuta ya Maendeleo” consortium notes inconsistencies in 2018-2020 EITI report on mining royalties