CKM NEWSLETTER 07-11-2022

HAKAINDE HICHILEMA commissioned the Luongo Manganese Mine…

President HAKAINDE HICHILEMA has commissioned the Luongo Manganese Mine in Chipili District of Luapula Province. Luongo Manganese Mine has over 40 million tonnes of ore and is projected to last for 20 years. The mine has been developed by Mineral Geologist SIXTUS MULENGA through his exploration company MUSAMU Resources. Speaking when he commissioned the mine, President HICHILEMA said the development… Read full details

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• TFM Declares a Q3, 2022 Production of 61,992 tons of Copper Contributing 308.86 Million USD to the DRC Public Treasury
• Zambian Govt Looking for Mopani Copper Mines’ Partner
• Establishment of the Electric Battery Manufacturing Plant, the Wishes of the People of Tanganyika and Haut-Lomami Submitted to Julien Paluku
• Ngo Survey Commends FQM for Community Engagement
• “Rwanda actually Has Expansionist Tendencies With the Main interest being the appropriation of DRC’s Minerals”, Félix Tshisekedi
• GHH Raises the Bar With Neo With New Loader in the 10-ton Class
• Greening Global Economy Brings Dependence on Critical Minerals
• Partnering With BHP for Long-Term Risk Reduction – SRK
• Glencore Flew Bribe Cash across africa in Private Jets, Court told

• 4.3 Million Barrels of Oil Produced in the DRC By the Oil industry in 8 Months
• Tesla Held Talks Over Buying Stake in Glencore – Report
• Kolwezi-Lumwana Road and the Lusaka-Ndola Dual Carriageway Concession agreements to be Signed

• Zambian Mines Challenged on Safety

Tantalex’s 70% owned DRC subsidiary United Cominiere SAS has been notified that research permits PR 12447 and PR12448 have now been transformed to Mining Concessions….

“This is an incredible milestone for the Company as this will be generating positive cashflow for the company in early 2023. It will be the most modern alluvial plant in operation in the DRC and we believe this is likely only the first one of many more that we will install. As we progress with the development of the Manono Lithium Tailings Project, our Titan project demonstrates to our investors… Read full details

Kagem Mining continued to put Zambia’s gemstones at the forefront as it unveiled a giant 37kg cluster of emeralds…

Lufwanyama-based Kagem Mining continued to put Zambia’s gemstones at the forefront of world demand this week as it unveiled a giant 37kg cluster of emeralds. The team’s find – named the Kafubu Cluster –  is expected to be the most expensive single emerald piece ever sold by the company when it comes up for auction this month, generating foreign exchange for the nation as proceeds are repatriated… Read full details

DRC government has exercised the option of no longer injecting money sporadically into MIBA…

The DRC government has exercised the option of no longer injecting money sporadically into MIBA, considering recent experiences where funds poured into this company from the state portfolio have yielded nothing. For the Sama Lukonde Government, it is rather necessary to implement a global MIBA recovery plan estimated at more than 161 million USD. “As regards the relaunch of MIBA, I myself… Read full details

• TFM Declares a Q3, 2022 Production of 61,992 tons of Copper Contributing 308.86 Million USD to the DRC Public Treasury
• Zambian Govt Looking for Mopani Copper Mines’ Partner
• Establishment of the Electric Battery Manufacturing Plant, the Wishes of the People of Tanganyika and Haut-Lomami Submitted to Julien Paluku

Two mines on global top 10 located in the Democratic Republic of Congo, namely Tenke Fungurume and Kamoa-Kakula…

On this list, we discover two mines located in the Democratic Republic of Congo, namely Tenke Fungurume which is in 7th place and Kamoa-Kakula which is in 9th place. The discovery of Tenke Fungurume in the Congo dates back to the 1970s, but Kamoa Kakula stands out for its youth with its first production only in May 2021, although the high-grade copper deposit in the DRC was first discovered in the… Read full details