CKM NEWSLETTER 11-09-2023

Vedanta Resources reinstated to run Konkola Copper Mines (KCM)…

In a significant development for Zambia’s mining industry, Hon. Paul Kabuswe, the Minister of Mines and Minerals Development, announced on September 5, 2023, that Vedanta Resources will be reinstated to run Konkola Copper Mines (KCM). This announcement marks a pivotal moment in Zambia’s economic revival under the New Dawn government’s leadership, signaling the country’s commitment to sustainable… Read full details

• CMOC Group Expands Copper Production in the DRC
• Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity?
• DRC Achieves 215.7 Billion Cdf in Oil Revenue Mobilization by July 31, 2023
• UK Drops Corruption Charges Against Eurasian Natural Resources Corp in DRC Mining Case
• Lobito Corridor Attracts New Companies
• DRC Urged to Apply Past Lessons for Sustainable Battery Mineral Extraction

• Vedanta Explores Chris Griffith as Potential Head of African Base Metals Business
• Vedanta Resources’ Pledge to Revitalize Konkola Copper Mines in Zambia
• Mopani Copper Mines Reports Declining Output and Deeper Losses

• Trafigura–Led Lobito Rail Upgrade Awaits its First Users
• 197 Investors Sue Glencore Over “Untrue Statements” in its Prospectuses
• Japan and UK to Jointly Invest in African Critical Minerals for Supply Chain Stability

Kamoa Copper has ordered Epiroc’s Minetruck MT65 S haulers…

Kamoa Copper has ordered Minetruck MT65 S haulers, the world’s highest payload underground truck in the field, as well as Scooptram ST18 S loaders, Boomer 282 face drilling rigs, and Simba E70 S production drilling rigs. The machines will be used to expand operations at the Kamoa-Kakula Copper Mining Complex, which is projected to be among the world’s lowest greenhouse gas-emitting copper mines… Read full details

Glencore plans to increase its exposure to the Democratic Republic of Congo to source metals vital to electric car batteries…

Glencore plans to increase its exposure to the Democratic Republic of Congo to source metals vital to electric car batteries, as the commodity trading giant seeks to expand in the rapidly growing market. Glencore is making its first-ever investment in a lithium mine in the central African nation after agreeing a deal with Tantalex, a Toronto-listed group exploring for lithium in the DRC. The deal… Read full details

Twenty-nine mining companies have had their mining rights cancelled by the DRC government…

On the date of the issuance of the decree, July 31st, by Michel Kibonge Nyekuma, the Chief of Staff of the Minister of Mines, several of these companies had not yet signed their memorandum of understanding. Twenty-nine mining companies, including Cico, Cilu, Congolaise de Mines et du D veloppement (Comide), Boss Mining, Ruashi Mining, PPC Barnet, and Chemaf, owned by Congolese, German, Kazakh… Read full details

• CMOC Group Expands Copper Production in the DRC
• Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity?
• DRC Achieves 215.7 Billion Cdf in Oil Revenue Mobilization by July 31, 2023
• UK Drops Corruption Charges Against Eurasian Natural Resources Corp in DRC Mining Case

AVZ Minerals shareholders are set to convene at a General Meeting on November 23 to appoint three directors…

AVZ Minerals shareholders are set to convene at a General Meeting on November 23 to appoint three directors, with the primary objective of rebuilding trust with the Congolese Government and all stakeholders involved in the “Manono lithium” project. The relationship between AVZ and government entities in the Democratic Republic of Congo (DRC) has soured significantly, six years after the Australian… Read full details