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DR Congo & Zambia’s Premier Mining News
Our top stories this week
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Moxico Resources plans to invest $100 million
Britain’s Moxico Resources plans to invest $100 million to expand its majority-owned Mimbula copper mine in Zambia, UK Minister for Africa Vicky Ford said on Wednesday. The investment will create new jobs and increased tax revenues for Zambia’s government, Ford said in a statement released by the British High Commission in Zambia while she was on a visit to the country. Ford was visiting Zambia… Read full details
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Download Mar-April 2022 CKM eMagazine
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Alphamin Resources’ share price on the JSE rose by more than 9%
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Tin miner Alphamin Resources’ share price on the JSE rose by more than 9% on April 5 after the company announced that it expected to report record earnings before interest, taxes, depreciation and amortisation (Ebitda) of $98-million for the quarter ended March 31 – a 32% quarter-on-quarter improvement. Contained tin production of 3 061 t was in line with the previous quarter. Read full articler
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Castillo Copper has identified multiple copper-potential drill-testing targets at Mkushi Project…
London- and Sydney-listed base metal explorer Castillo Copper has identified multiple copper-potential drill-testing targets at its Mkushi project in Zambia, Africa’s second-largest copper producer. Castillo stated in a release to Mining Weekly on Tuesday that the formulation of a drilling campaign would be the next step towards further developing Mkushi, one of Castillo’s four projects that… Read full article
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The DRC plans to stop subsidizing mining companies in order to contain the shaken the oil sector since the start of the Russo-Ukrainian conflict,…
To contain the crisis that has shaken the oil sector since the start of the Russo-Ukrainian conflict, the government plans to stop subsidizing mining companies in particular. Finance Minister Nicolas Kazadi had expressed to elected officials his fears about the increase in the debt due to oil companies in terms of loss of earnings as part of their work exercise. This subsidy may increase to more… Read full article
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Gemfields recorded a record $42.3-million in revenue from the sale of emeralds sourced from its Zambia-based Kagem mine…
Gemfields recorded a record $42.3-million in revenue from the sale of emeralds sourced from its Zambia-based Kagem mine, at auctions of predominantly commercial-quality rough emeralds held in Jaipur, India, from March 15 to April 1. Of the 32 lots offered – 4.52-million carats in total – all were 100% sold out. Fifty-six companies placed bids and an average price of $9.37/ct was achieved… Read full article
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Deep-South Resources has signed a definitive earn-in agreement with Word Class Minerals Venture (WCMV) to acquire up to 80% of three copper exploration licences…
Mineral exploration and development company Deep-South Resources has signed a definitive earn-in agreement with Word Class Minerals Venture (WCMV) to acquire up to 80% of three copper exploration licences in the Zambian Copperbelt. “While reinstating the licence over the Haib copper project, in Namibia, remains our number one priority, we are very enthusiastic about the option to acquire these… Read full article
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