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DR Congo & Zambia’s Premier Mining News
Your top stories this week
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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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Chambishi Metals Plc becoming operational, more than two years after it was placed on care and maintenance
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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
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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
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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
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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
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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
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