CKM NEWSLETTER 06-09-2021

Zambia’s mining sector is ready to invest in expansion projects worth more than US$2.5 billion

The Zambia Chamber of Mines (ZCM) has disclosed that Zambia’s mining sector is ready to invest in expansion projects worth more than US$2.5 billion next year in Zambia once the industry agrees on mineral royalties with the new Government. ZCM President Dr. Godwin Beene said First Quantum Minerals Limited (FQM) was ready to invest about US$1.5 billion into new expansion projects next year while… Read full article

Read Also; Copper Price Expected to Rise To 9,373.60 USD as of Next Week

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Lobito Refinery seeks to invest in exporting fuel to neighbouring countries

The new Lobito Refinery seeks to invest in exporting fuel to neighbouring countries. Located within the area covered by the Lobito Corridor, the refined products produced by the plant will be directly accessible to the adjacent markets of the Democratic Republic of Congo and the Republic of Zambia, where significant amounts of fuel are required to feed gigantic parks filled with diverse machinery… Read full article  

Read Also: Haut-Katanga: Mining Activities of Two Mining Companies Near the Shinkolobwe Site Suspended

Price per ton of Cobalt is expected to fall on the international market in the first week of September 2021

The price per tonne of cobalt is expected to fall on the international market in the first week of September 2021. In its report of August 30, 2021, the National Mercurial Commission of the Ministry of Foreign Trade informs that the main export mining products of the Democratic Republic of Congo (DRC) show a downward trend from August 30 to September 4, 2021. Cobalt is expected to drop from… Read full article

CKM Linkedin page celebrates the 17K milestone

Today marks a huge milestone and we would like to say, many thanks to all our 17,000+ followers. You give us daily motivation to do what we do best and update the world of mining with relevant news and project updates from DRC and Zambia. Thank you for your support… Follow the CKM Linkedin page

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871,956 tonnes of Copper and 44,654 tonnes of Cobalt in the first half of 2021

The Democratic Republic Of Congo (DRC) sold 871,956 tonnes of copper and 44,654 tonnes of cobalt in the first half of 2021, according to statistics provided by the services of the Ministry Of Mines. This biannual production places the country in a position to beat its own record of 1.6 million tonnes of copper produced in 2020, thus maintaining its position as a continental leader…  Read full article

VEDANTA Resources Limited committed to reinvesting US $1.5 billion in KCM

VEDANTA Resources Limited has committed to reinvesting US $1.5 billion (about K24 billion) in Konkola Copper Mines (KCM). In its latest statement dated September 1, 2021, Vedanta said the reinvestment would go towards operations and supporting community projects, among others. “Vedanta Resources remains committed to re-investing $1.5bn into KCM, supporting the community projects & local… Read full article

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• Sama Lukonde Calls on Govt to Crack Down Perpetrators of Illicit Mining Situation in South Kivu – DRC
• Soaring EV Demand Keeps Driving Lithium Price
• Vale Launches Self-Driving Trucks at its Largest Mine