CKM NEWSLETTER 05-09-2022

More Tax Exemptions by Suspending Import Taxes on Mining Equipment and Machinery…

Zambia’s Finance Minister Situmbeko Musokotwane has yet again given mining companies more tax exemptions by suspending import taxes on mining equipment and machinery. This is additional to the making of mineral royalty tax deductible which resulted in the country losing about $200 million in lost revenue. Mineral Royalty Tax (MRT) was introduced to bring certain loss making mining companies on the tax base… Read full details

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• Haut-Uélé and Ituri: Several Foreign Companies Carry Out Artisanal Mining Under the Cover of Political and Military Authorities
• Kamoto Copper Company Materializes its Commitments for the Benefit of the Communities Affected by its Operations
• Lucapa Finds Angola Mine’s Sixth-Largest White Diamond
• Atlas Copco Has Acquired Danish Manufacturer of On-Site Gas Generation Equipment
• Introducing the New Chair of Jubilee Metals | Ollie Oliveira
• The DRC Government and The Gemcorp Group Plan to Set Up a Financing Facility of USD 500 Million for the Benefit of Oil Companies
• The Price of Cobalt Could Rise To 49,257.00 USD Per Ton This Week (Mercuriales) DRC

• FEC Calls on DGDA to Cancel all STDA-Related Missions in Haut-Katanga, Lualaba and Tanganyika in the DRC
• The DRC 2023 Draft Budget Amounted to 14.6 Billion USD
• Mining in the DRC at the Center of a Training Workshop for Heads of Provincial Divisions of Mines and Geology
• The Makuta Ya Maendeleo Consortium Launches the Interactive Platform for Information on the Management of Mining Royalties.

The mining company TFM owes Gécamines and the Congolese Government…

The Dynamics of Women on Natural Resources (DYFREN) published, this Wednesday, August 31, 2022, in Lubumbashi, its report evaluating the fiscal and parafiscal obligations of Tenke Fungurume Mining SA, located in Lualaba, report published with the support of the Carter Center entitled: “No one is perfect”. It reveals that the mining company TFM owes Gécamines and the Congolese Government nearly… Read full details

Jubilee Metals Ramping up Production…

Jubilee Metals Group plc CEO Leon Coetzer talks through the key highlights over the previous period, the significant progress being made in Zambia, PGM prices, its strengthened Board ready for ramping up production and what we can look out for over the next 6 months. Jubilee Metals Group plc is an industry leading metal recovery business focused on retreatment and metals recovery… Read full details

A total of 6 million 225.223 carats of diamonds for a value of 82 million 650.118 USD in the 1st half of 2022…

The Democratic Republic of Congo exported a volume of 6 million 225.223 carats of diamonds for a value of 82 million 650.118 USD in the 1st half of 2022, according to statistics from the Ministry of Mines. Of this volume of diamonds exported, approximately half was sold in the countries of the European Union and mainly in Belgium, ie 3 million 206,015 carats of diamonds. The second diamond destination… Read full details

• Mining in the DRC at the Center of a Training Workshop for Heads of Provincial Divisions of Mines and Geology
• Haut-Uélé and Ituri: Several Foreign Companies Carry Out Artisanal Mining Under the Cover of Political and Military Authorities
• Kamoto Copper Company Materializes its Commitments for the Benefit of the Communities Affected by its Operations

With the IMF-Supported Program Approved, What’s Next for Zambia…

Now that Zambia has finally received approval of a long-awaited IMF-supported program, what will it do for the country? Renowned economist Prof. Oliver Saasa gave Mining For Zambia this exclusive comment: “At the end of the day, in Zambia, the entry of the IMF spells good tidings. It allows us to go back to being a member of the global village where there is fiscal prudence and management of our… Read full details

FQM Announces the appointment of CFO and COO…

First Quantum Minerals Ltd. announced the appointment of Ryan MacWilliam as Chief Financial Officer (“CFO”) and Rudi Badenhorst as Chief Operating Officer (“COO”), effective September 1, 2022. Mr. MacWilliam joined First Quantum in 2019 and has been leading the business development and investor relations functions. Prior to joining First Quantum, Mr. MacWilliam was the CFO of Nevsun Resources… Read full details