CKM NEWSLETTER 06-12-2021

Albert Yuma Mulimbi removed as chairman of the state mining firm Gecamines

The DRC president Felix Tshisekedi has removed Albert Yuma Mulimbi as chairman of the state mining firm Gecamines. The now former chairman of Gecamines was ousted on Friday after longtime allegations that billions of dollars in revenue had gone missing, a move officials said was intended to fight corruption as the country becomes increasingly important in the global clean energy revolution… Read full article

      Sponsored advertisement

• DRC: Reinforcement of Security Measures Around Shinkolobwe, a Mining Site Rich in Uranium
• Sandvik Buys ICAM Technologies
• Lithium-Ion Battery Factory Estimated at 39 Million USD in the DRC Against 112 Million USD in China
• Copper Price Stable as Omicron Concerns Ease

• Kaputo Kalubi Alphonse Appointed to the Post of PCA of Gécamines in DRC
• Infrastructures, TFM Lays the Groundwork for a Sustainable Development of Communities in DRC
• Sandvik Expands Digital Software Offering
• Metso Outotec Launches Reactorwell
• Rolls-Royce Extends TBO Intervals of MTU Series 4000 Engines for Commercial Marine Application
• Gold Falls to One-Month Low on Powell’s Hawkish Remarks
• Solid-State Batteries Promise Electric Car Popularity Boost, but Technical Mountains Await
• Metso Outotec Unveils Virtual Inspection Tool
• Botswana’s Debswana Diamond Sales Jump 73% in First Nine Months of 2021

Making Zambia a more attractive destination for investment is the number one shared priority of Zambia

Making Zambia a more attractive destination for investment is the number one shared priority of Zambia’s brightest financial brains. Investment in the country’s mining sector, in particular, has the enormous potential of putting Zambia back on a growth trajectory, with the direct economic benefits from new and expanded mining operations second only to the economic multiplier effects that can… Read full article

No cases of the new variant have been detected at the company’s Kamoa-Kakula and Kipushi projects…

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) reports that the new COVID-19 variant, Omicron, has had no impact on any of its mining or mine development operations in South Africa or the Democratic Republic of Congo (DRC). No cases of the new variant have been detected at the company’s Kamoa-Kakula and Kipushi projects in the DRC and, while there have been some recent infections among employees… Read full article

The outlook for copper, in particular, remains buoyant

Metals processor Jubilee Metals Group sees a rosy outlook for the copper and platinum group metal (PGM) markets in the years ahead. “The outlook for copper, in particular, remains buoyant, with many predictions that 2030 will see a doubling in demand for copper. I for one, see the supply side being severely challenged, with Chile as a major contributor to the copper supply, being challenged… Read full article

• Rolls-Royce Extends TBO Intervals of MTU Series 4000 Engines for Commercial Marine Application
• Gold Falls to One-Month Low on Powell’s Hawkish Remarks
• Solid-State Batteries Promise Electric Car Popularity Boost, but Technical Mountains Await
• DRC: Reinforcement of Security Measures Around Shinkolobwe, a Mining Site Rich in Uranium

The DRC could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low- lithium-ion battery cathode emission producer

In a study released during DRC AFRICA BUSINESS FORUM, some foreign media argues that the Democratic Republic of the Congo could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low-emission producer country lithium-ion battery cathode precursors. The research paper estimates that it would cost $ 39 million to build a 10,000 metric tonne cathode precursor plant in…  Read full article

DRC’s state cobalt monopoly plans to start buying artisanal cobalt in January, says it’s CEO Jean-Dominique Takis

Democratic Republic of Congo’s state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world’s biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62 000 a tonne, is used in many of the batteries that power electric vehicles, sales of which are expect… Read full article

Sponsored advertisement

• Kaputo Kalubi Alphonse Appointed to the Post of PCA of Gécamines in DRC
• Infrastructures, TFM Lays the Groundwork for a Sustainable Development of Communities in DRC
• Sandvik Expands Digital Software Offering
• Metso Outotec Launches Reactorwell