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The DRC & ZMB’s Top Mining News Platform
Mining Stories to Kick Start Your Week
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Zambia anticipates a significant rise in copper output, potentially reaching close to 1 million tons by 2026, driven by investments in expanding production at various mines…
Zambia anticipates a significant rise in copper output, potentially reaching close to 1 million tons by 2026, driven by investments in expanding production at various mines, including those owned by First Quantum Minerals, according to Finance Minister Situmbeko Musokotwane. Copper production, crucial for Zambia’s economic prosperity, has been experiencing a gradual decline in Africa’s second-largest… Read full details
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The DRC has suspended nine subcontracting companies operating at mines managed by ERG, citing non-compliance with Congolese ownership requirements…
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The Democratic Republic of Congo (DRC) has suspended nine subcontracting companies operating at mines managed by Eurasian Resources Group (ERG), adding to the challenges faced by the cobalt and copper producer in the country. The government announced the ban on March 14, citing non-compliance with Congolese ownership requirements. Despite a meeting with ERG representatives last week, the regulator… Read full details
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Antoinette N’Samba announced that specialized organizations responsible for managing the allocation of 0.3% of turnover are now operational, with 46 mining companies already engaged in this initiative…
During the 131st meeting of the Council of Ministers, Minister of Mines Antoinette N’Samba announced that specialized organizations responsible for managing the allocation of 0.3% of turnover are now operational, with 46 mining companies already engaged in this initiative. These organizations, having received allocations for community needs outlined in their local development plans, are focusing… Read full details
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ARSP published, on Friday April 5, 2024 in the evening, the partial list of 25 subcontracting companies that it recommended for the execution of major contracts at Tenke Fungurume Mining…
The Regulatory Authority for Subcontracting in the private sector (ARSP) published, on Friday April 5, 2024 in the evening, the partial list of 25 subcontracting companies that it recommended for the execution of major contracts in within the mining company Tenke Fungurume Mining located in the province of Lualaba. According to the Director General of ARSP, Miguel Kashal Katemb, this announcement… Read full details
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Xtract Resources has announced a joint venture agreement with Oval Mining, aimed at acquiring up to a 70% stake in Zambia’s Silverking Copper Mine…
Xtract Resources has announced a joint venture (JV) agreement with Oval Mining, in collaboration with Cooperlemon Consultancy, aimed at acquiring up to a 70% stake in Zambia’s Silverking Copper Mine and its associated exploration license. The initial option period spans 18 months, during which Xtract is obligated to invest $500,000 in exploration activities to earn a 51% interest. Upon completion … Read full details
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