CKM NEWSLETTER 15-07-2024

EMR Capital has sold its 80% shareholding in Lubambe Copper Mines Limited to JCHX Mining Management Company Limited…

ZCCM-IH announced yesterday July 10th 2024, that EMR Capital has sold its 80% shareholding in Lubambe Copper Mines Limited to JCHX Mining Management Company Limited. This acquisition was executed through JCHX’s wholly owned overseas subsidiary, Sundimo Mining Investments Limited, which will now hold 80% of the issued share capital of Lubambe, including claims on shareholder loans…  Read full details

• UN Warns Companies of Sanctions Over Conflict Minerals from Central Africa
• Zijin Mining Projects Up to 50% Surge in First-Half Net Profit
• Zambia Approves Construction of Second Coal-Fired Power Plant Amid Energy Crisis
• Tanzania and Zambia Strengthen Railway Collaboration
• World Bank to Boost Support for DRC’s Energy and Infrastructure Projects
• India to Launch Geological Mapping and Mineral Exploration in Zambia
• Controversy Erupts Over $70 Million Allegation Involving Former DRC Mines Minister
• Copper Crisis Looms as Miners and Analysts Predict Supply Shortfall
• Anil Agarwal Foresees $1 Trillion Investment Boom in India’s Mineral and Energy Sectors

• CMOC Group Plans to Double Copper Output in the DRC by 2028
• Maamba Collieries Limited Announces New 300 Mw Power Plant Project
• IMF Applauds DRC’s Infrastructure Commitment with Sicomines
• Ivanhoe Mines Reports Q2 2024 Production Results for the Kamoa-Kakula Copper Complex
• Stalled Oil and Gas Projects in the DRC Raise Concerns
• Moanda Urges Socir Revival for Local Oil Refining in DRC
• Abu Dhabi Mining Executive Implicated in Gold Smuggling Dealings
• A.I. Technology Uncovers Vast Copper Deposit in Zambia
• DRC Ministers Discuss Financing for Key Energy Projects
• Perenco Denies Environmental Damage Amid Criticism of Oil Exploitation in Moanda

Companies from the ERG Africa group, previously listed as ineligible subcontractors, have officially opened their capital to seven Congolese shareholders…

Four companies from the ERG Africa group, previously listed as ineligible subcontractors, have officially opened their capital to seven Congolese shareholders. This milestone was celebrated during a ceremony in Kolwezi, Lualaba province, where the constitutive acts of these companies were signed. The four companies, which partner with METALKOL, were among nine sanctioned by the ARSP for non-compliance… Read full details

Maamba Collieries  has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin)…

On 08th July 2024, ZCCM Investments Holdings Plc (ZCCM-IH) announced that its investee company, Maamba Collieries Limited (MCL), in which it has a shareholding of 35%, has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin) in the Southern Province of Zambia. MCL intends to commence exploration as soon as possible… Read full details

Gecamines has invited bids for its portion of cobalt output from CMOC Group’s Tenke Fungurume mine, where it holds a 20% interest…

The Democratic Republic of Congo’s (DRC) state miner, Gecamines, is looking to sell its share of cobalt from a joint venture project as the country aims to assert greater control over metals crucial to the energy transition. Gecamines has invited bids for its portion of cobalt output from CMOC Group’s Tenke Fungurume mine, where it holds a 20% interest, according to sources familiar with the matter… Read full details

• CMOC Group Plans to Double Copper Output in the DRC by 2028
• Maamba Collieries Limited Announces New 300 Mw Power Plant Project
• IMF Applauds DRC’s Infrastructure Commitment with Sicomines
• Ivanhoe Mines Reports Q2 2024 Production Results for the Kamoa-Kakula Copper Complex
• Stalled Oil and Gas Projects in the DRC Raise Concerns
• Abu Dhabi Mining Executive Implicated in Gold Smuggling Dealings
• A.I. Technology Uncovers Vast Copper Deposit in Zambia
• DRC Ministers Discuss Financing for Key Energy Projects
  

Stefano Gatti, Director General for Development at the Italian Ministry of Foreign Affairs Cooperation, announced a commitment of €320 million for the initiative…

A major development has emerged for Zambia’s infrastructure plans, as Italy has pledged support for the Lobito Corridor project. During a meeting with Zambian President Hakainde Hichilema, Stefano Gatti, Director General for Development at the Italian Ministry of Foreign Affairs Cooperation, announced a commitment of €320 million for the initiative. The Lobito Corridor is a crucial infrastructure…Read full details