CKM NEWSLETTER 07-02-2022

Mining will go ahead but under strict adherence to measures set by the Zambia Environmental Management Agency-ZEMA

Zambian Government says the embattled open pit mining project in the heart of the Lower Zambezi National Park will go ahead but under strict adherence to measures set by the Zambia Environmental Management Agency-ZEMA– to limit damage to the environment to a minimum. Green Economy and Environment Minister Collins Nzovu said that with the whole process exhausted and the courts dismissing… Read full article

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Gold Set for Worst Month Since September on Fed Rate-Hike Prospects

A New Partnership Framework Between the World Bank and the Democratic Republic of Congo

The DRC Announces the Possibility of a Public-Private Partnership to Help Complete Construction Works on the Kasumbalesa Dry Port

Glencore to Build UK Battery Recycling Plant

• DRC: Pollution of the Kasaï and Tshikapa Rivers, the Chances of Repair are Less (Expert)
• First Quantum Provides Notice of Fourth Quarter and Year-End 2021 Results
• DRC: “Wolframite” Production and Exports Generated USD 10.9 Million Between 2015 and 2019 
• DRC: Between 2015 and 2019, More Than 5.9 Million Tonnes of Copper Were Produced in the Country
• Debswana Annual Diamond Sales Jump 64%
• World: 2021 Ended With Rising Gold Demand (WGC)
• Africa: With a New Acquisition of a 15% Stake in Orca Gold, Perseus Mining Expands its Gold Footprint in the Continent
• Sandvik to Upgrade EL Teniente in Two Phases
• Glencore’s Output Falls Amid Covid Challenges

The takeover of the Lweshe Mine at the center of discussions between the DRC Minister of Mines & Ximei Delegation…

The takeover of the Lweshe Mine in Rusthuru was at the center of exchanges between the DRC Minister of Mines and the delegation of the company XIMEI resources. The DRC Minister of Mines Antoinette N’SAMBA KALAMBAYI received on Thursday, January 27, 2022 in the meeting room of her cabinet a delegation of the company Ximei Resources led by the National Deputy François Nzekuye, elected from Rutshuru… Read full article

FQM welcomes the dialogue to designate the long-awaited Kalumbila Multi-Facility Economic Zone (MFEZ)…

First Quantum Minerals has welcomed Zambian Government’s decision to engage the mining firm in dialogue to designate the long-awaited Kalumbila Multi-Facility Economic Zone (MFEZ). The company believes the economic zone will bring about enhancement of local supplier competitiveness, not just in Kalumbila District, but in North-Western Province and beyond. First Quantum has invested over US$90 million… Read full article

The United States was offering the Democratic Republic of Congo another “model of development”

Faced with China and its “opaque” mining contracts that do not or very little benefit the population, a senior American official said on Saturday in Kinshasa that the United States was offering the Democratic Republic of Congo another “model of development “. “For too long the great wealth of the DRC has not translated into a better quality of life for the Congolese,” Daleep Singh, US deputy national… Read full article

• Download CKM eMagazine | Jan- Feb 2022 Edition (4mb PDF File Size)
• Gold Set for Worst Month Since September on Fed Rate-Hike Prospects
• A New Partnership Framework Between the World Bank and the Democratic Republic of Congo
• Glencore to Build UK Battery Recycling Plant

Gemfields produced 32.01-million carats for the year 2021…

Gemstone miner Gemfields reports that by December 31, its 75%-owned Zambia–based Kagem emerald mine had produced 32.01-million carats for the year, at an average grade of 191 ct/t and ore thoroughput of 12.38-million tonnes, compared with the 9.38-million carats, 202 ct/t and 46.4-million tonnes achieved, respectively, in 2020. For the year, the Kagem mine’s expenditure on plant, property and…  Read full article

The market is severely short of cobalt…

The situation in the global cobalt market is such that prices could climb to new highs through 2022 and beyond, according to the chief executive officer of diversified mining company Eurasian Resources Group (ERG). Benedikt Sobotka said that the surging price of the metal, which rose by 119% in 2021, was giving a very clear message: the market is severely short of cobalt, a key ingredient in… Read full article

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• DRC: Pollution of the Kasaï and Tshikapa Rivers, the Chances of Repair are Less (Expert)
• First Quantum Provides Notice of Fourth Quarter and Year-End 2021 Results
• DRC: “Wolframite” Production and Exports Generated USD 10.9 Million Between 2015 and 2019