CKM NEWSLETTER 06-06-2022

Kamoa-Kakula Mining Complex has set a new monthly production record in May, with 29,800 tonnes of copper

Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce today that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new monthly production record in May, with 29,800 tonnes of copper in concentrate produced. Kamoa Copper’s record monthly production was achieved despite planned interruptions during the month… Read full details

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• Provincial Division of Mines and Geology Caused The Loss of Several Million Dollars in Mining Royalties–DRC
• Signing of a Joint Decree Granting 0.3% Turnover of 12 Mining Companies, for The Benefit of Community Development Projects– DRC
• Glencore Denies SA Involvement in Corruption Charges
• The American Investment Bank “RBC Capital Markets” Expects a Surplus of Copper on the Market in 2023 And 2024
• On June 1, 2022, the Price of a tonne of Cobalt Fell to 73,630.00 USD
• Arbitration Hearing Set for January in Vedanta-Zambia Dispute
• Glencore Bribery Cases Draw in Billionaire Former Executives
• Uranium Investors Await Price Rally To Revive Namibia Projects
• Download the Latest CKM eMagazine | May-June 2022 Edition (5.3 MB Pdf File Size)
• DRC Industry Resilient, But Current Challenges Require Closer Engagement
• Electra Mining Africa 2022 Roars Back Into Life

• Download the Latest CKM eMagazine | May-June 2022 Edition (5.3 MB Pdf File Size)
• DRC Industry Resilient, But Current Challenges Require Closer Engagement
• Electra Mining Africa 2022 Roars Back Into Life

• Copper Price Scales $10,000 on Chinese Stimulus, Lockdown Reprieve
• Gold Price Rises on Dollar Slump, Weak Private Payroll Data
• DRC: Towards The Development of The Grand Kasaï Diamond

Chambishi Metals Plc becoming operational, more than two years after it was placed on care and maintenance

Negotiations between the Zambian Govt, a new investor, and the previous owners of Chambishi Metals Plc are nearly completed, according to the government, and will result in the asset becoming operational, more than two years after it was placed on care and maintenance due to a lack of feed for production. Another mining asset that the government is working to reopen is Luanshya’s shaft 28… Read full details

USAID and Equity BCDC to support small-scale artisanal miners in eastern Democratic Republic of Congo (DRC)

The United States Agency for International Development (USAID) and Equity BCDC have partnered to unlock financial services and products for small-scale artisanal miners in eastern Democratic Republic of Congo (DRC) through the Zahabu Safi Project (Clean Gold) from USAID. As one of the largest banks in the DRC, Equity BCDC will invest USD 500,000 of its own funds combined with USD 200,000 grant… Read full details

ZCCM-IH and Zanaco signed an MoU aimed at supporting small and medium sized enterprises (SMEs) in the mining supply value chain in Zambia

ZCCM-IH and Zanaco signed a Memorandum of Understanding (MoU) on Wednesday, 1 June 2022. The MoU is aimed at fostering and providing growth opportunities that contribute to the participation of small and medium sized enterprises (SMEs) in the mining supply value chain in Zambia. The MoU provides a framework of cooperation and collaboration between the two entities, that goes beyond providing… Read full details

• Arbitration Hearing Set for January in Vedanta-Zambia Dispute
• Glencore Bribery Cases Draw in Billionaire Former Executives
• Uranium Investors Await Price Rally To Revive Namibia Projects
•  Download the Latest CKM Emagazine | May-June 2022 Edition (5.3 MB Pdf File Size)

The DRC, Minister of Hydrocarbons seeks to sign a cooperation agreement with the Republic of Zambia to facilitate exploration operations…

The report states that the market will be driven up by sales of lithium-ion batteries. According to Global Data analyst Michael Orme, it is the Chinese battery manufacturer CATL that today symbolizes this dominance. “  CATL rose from almost nothing five years ago to capture more than 30% of the global market, which is twice the share of the former battery oligarch Panasonic. In 2018, CATL… Read full article

A series of five sequential mini-auctions of emeralds held by gemstone miner Gemfields

A series of five sequential mini-auctions of emeralds held by gemstone miner Gemfields from May 9 to 26 saw all 38 lots on offer being sold and set a new record for the highest revenue and the highest average price per carat achieved, at $43.3-million and $155.90/ct, respectively. Gemfields has held 41 auctions of Kagem-sourced emeralds since July 2009, generating $835.3-million in total revenue… Read full details