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The DRC & ZMB’s Top Mining News Platform
Your top stories this week
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AVZ Minerals Limited filed the first of two International Chamber of Commerce (ICC) arbitrations against Dathomir Mining Resources SARL…
AVZ Minerals Limited through its wholly owned subsidiary AVZ International Pty Ltd (AVZI), on 1 December 2022 filed the first of two International Chamber of Commerce (ICC) arbitrations against Dathomir Mining Resources SARL (Dathomir) (First Dathomir Arbitration) and expects to file the second arbitration shortly (Second Dathomir Arbitration) (together the Dathomir Arbitrations). The purpose of… Read full details
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Shareholders of ZCCM Investments Holdings Plc (ZCCM-IH) have approved an K85.3 million dividend at K0.53 per share…
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Shareholders of ZCCM Investments Holdings Plc (ZCCM-IH) have approved an K85.3 million dividend at K0.53 per share during the 18th Annual General Meeting held today virtually. This follows a Group profit of K2.1 billion (compared to K307 million in 2019)and a Company profit of K568 million (compared to K153 million in 2019) recorded for the 2020 financial year end. This represents 594% and 271% in … Read full details
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The phased restart will commence with the processing of the mined Kiwana fines at Luita concession…
The phased restart of Boss Mining will commence with the processing of the historically mined Kiwana fines at its Luita concession, paving the way for further development. Eurasian Resources Group (ERG) and its joint-venture partner, La Générale des Carrières et des Mines (Gécamines), celebrated the kick-off of the restart of operations at Boss Mining with a ceremony held at its concession on… Read full details
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High demand from battery makers and shortages have propelled lithium prices to record highs…
Healthy demand from battery makers and shortages have propelled lithium prices to record highs, but increased supply and the removal of subsidies for electric vehicles by China mean a pullback is to be expected. Battery-grade lithium prices trading near $85,000 per ton are more than double the levels seen in early 2022 and four times the levels seen in September 2021. China, which bought one in… Read full details
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The Swiss firm said it will pay the Democratic Republic of Congo $180 million to settle all alleged corruption claims…
Miner and commodities giant Glencore (LON: GLEN) said on Monday it will pay the Democratic Republic of Congo $180 million to settle all alleged corruption claims in the country between 2007 and 2018. The Swiss firm said the latest deal covers all activities that have been the subject of probes by the DRC’s National Financial Intelligence Unit and Ministry of Justice, and the United States Department… Read full details
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