CKM NEWSLETTER 14-03-2022

Zambia and the DRC agree to set up a common governance framework, called the DRC-ZAMBIA Battery Council

As part of the cooperation agreement on the establishment of a value chain on the manufacture of batteries and clean energies in the very next few days, between the Congolese President Félix Antoine TSHISEKEDI TSHILOMBO and his Zambian counterpart Hakande HICHILEMA, the Minister of Finance, Nicolas KAZADI, took an active part in a meeting in LUSAKA in Zambia at the Presidential Palace on Wednesday… Read full details

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• Electric Vehicles are Scarce and Expensive as Pump Prices Rise to Record Highs
• Russian Gold Hit With De Facto Ban From Key London Market
• Namibia’s New Era Of Hydrocarbon Exploration and Production
• Metso Outotec Launches Battery Metals AC Filter
• World: 1447.5 USD to Pay More for a Ton of Tin This Week
• Gold Rises Above $2 000 as Ukraine War Boosts Haven Demand
• Caterpillar Suspends Russian Manufacturing

• Market: Improvement in the Main Mining Export Products of the DRC During This Week From March 7 to 12
• DRC: Pabea-Cobalt Identifies 14,850 Children and 6,250 Young People in Mining Areas in Haut-Katanga and Lualaba
• DRC: For Adolphe Muzito, the Cobalt Mine Agreement With China was an “Injustice”, The Country Got Nothing

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Ivanhoe announced its financial results for the year ended December 31, 2021 on 8th March 2022

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) today the 8th March 2022 announced its financial results for the year ended December 31, 2021. Ivanhoe Mines is a leading Canadian mining company developing and expanding its four principal mining and exploration projects in Southern Africa: the Kamoa-Kakula copper mining complex in the Democratic Republic of Congo (DRC) that began commercial operations in… Read full article

Jubilee Metals has received notice from ACAM to convert $7.8-million (£5.89-million) of principal debt into ordinary shares in the company…

Aim- and AltX-listed metals processing company Jubilee Metals has received notice from ACAM to convert its remaining convertible loan notes, totalling $7.8-million (£5.89-million) of principal debt and accrued interest, into new ordinary shares in the company. The ACAM convertible loan note formed a key part in the funding of the acquisition and successful recapitalisation of Jubilee’s Sable Refinery… Read full article

AVZ Minerals said it has secured funding of around US$17.8 million to accelerate work on its Manono Lithium And Tin Project…

AVZ Minerals said it has secured funding of around US$17.8 million to accelerate work on its Manono Lithium And Tin Project in the province of Haut-Katanga in the Democratic Republic of Congo (DRC). According to AVZ Minerals, these funds raised will finance the initial construction of the mine and the continuation of the exploration program at Manono. Of the total expenditures to be incurred… Read full article

• DRC: Pabea-Cobalt Identifies 14,850 Children and 6,250 Young People in Mining Areas in Haut-Katanga and Lualaba
• DRC: For Adolphe Muzito, the Cobalt Mine Agreement With China was an “Injustice”, The Country Got Nothing
• Gold Rises Above $2 000 as Ukraine War Boosts Haven Demand

Alphamin will need at least US$116 million to develop it’s Mpama Sud Tin Project…

According to the results of the Preliminary Economic Assessment (PEA) of mining company Alphamin Resources’ Mpama Sud Tin Project in the Democratic Republic Of Congo (DRC), the company will need at least US$116 million to develop this project. This was revealed by the mining company on Monday, March 7, 2022, when publishing the results of the PEA of the said project. The same results also… Read full article

The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), Milingo Lungu, has been suspended…

The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), Milingo Lungu, has been suspended, the country’s Official Receiver said in a statement on Thursday. Zambia’s government, which owns 20% of KCM through State mining investment firm ZCCM-IH, handed control of KCM to Lungu in 2019, triggering a protracted dispute with Vedanta Resources, which owns the remaining 80%… Read full article