CKM NEWSLETTER 16-12-2024

Electric Vehicle (EV) battery plant in Chibombo, operated by the Zambia Jiangxi Multi-Facility Economic Zone, is conducting battery trials…

Commerce, Trade, and Industry Minister Chipoka Mulenga has announced that the Electric Vehicle (EV) battery plant in Chibombo, operated by the Zambia Jiangxi Multi-Facility Economic Zone, is conducting battery trials. The batteries are expected to enter the market by January 2025. Speaking at the 38th Annual General Meeting of the Zambia Association of Manufacturers (ZAM) in Lusaka, Mulenga emphasized …  Read full details

• Zambia’s Finance Minister Refutes Tax Holidays for Multinational Mining Companies
• Zambia Seeks EU Support to Strengthen Mining and Economic Development
• Codelco and Enami Explore Collaboration on Copper Smelting Expansion
• DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement
• Fortescue Metals Secures $10 Million for Development of Fast Chargers for Heavy Mining Equipment 
• President Tshisekedi Unveils Ambitious Rural Infrastructure Plan for 2025
• Zesco Settles $82 Million Loan Prepayment to China Exim Bank for Kariba North Bank Extension 

• Zambia Hosts Timbuktoo Mine Technology Hub to Transform Africa’s Mining Industry
• DRC Orders Audits of Perenco’s Oil Operations and Environmental Impact
• DRC Govt Takes Charge of Kamoa Mining Product Sales
• EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector
• DRC Advances Energy Sector with Inga II and Renewable Projects
• Miguel Kashal Highlights DRC’s Value Chain Potential at Global Citizen Forum
• AfDB Approves $108 Million Loan to Boost Zambia’s Economic Reforms
• Zimbabwe to Seek 26% Stake in New Mining Projects
• Arbitration Proceedings Over Cobre Panama Mine Escalate as Investors Await Panama’s Decision
• Gemfields Records $46.2 Million in Revenue from Latest Ruby Auction Despite Market Challenges
• MMG Kinsevere Boosts Community Inclusion with Youth Recruitment Initiative
• President Tshisekedi Unveils Ambitious Rural Infrastructure Plan for 2025
• DRC and EU Launch Strategic Roadmap for Sustainable Development and Energy Transition
• President Tshisekedi Highlights DRC’s Economic Resilience Amid Global Challenges

The agreement, signed on January 27, 2023, in Lobito, Angola, involves a partnership between the DRC, Angola, and Zambia…

The Senate of the Democratic Republic of Congo (DRC) ratified the agreement establishing the Lobito Corridor Transit Transport Facilitation Agency (AFTTCL) during a plenary session on December 2, 2024. The agreement, signed on January 27, 2023, in Lobito, Angola, involves a partnership between the DRC, Angola, and Zambia. The bill, first presented to the Senate on November 22, 2024, was referred…  Read full details

This investment constitutes a significant portion of the $1 billion pledged by Vedanta Resources Limited for KCM’s growth…

Konkola Copper Mines (KCM) has announced a $700 million investment over the next five years to unlock the full potential of its operations in Chililabombwe, Zambia. KCM Chief Operating Officer Malcolm Mewett revealed that this investment constitutes a significant portion of the $1 billion pledged by Vedanta Resources Limited for KCM’s growth. He emphasized that the funds will primarily focus on…  Read full details

Glencore highlighted its intention to deepen its engagement with the Democratic Republic of Congo (DRC) and its citizens…

Glencore Group CEO Gary Nagle held discussions with President F lix Tshisekedi and Prime Minister Judith Suminwa in Kinshasa on Tuesday, December 10. In a press release issued after the meeting, Glencore highlighted its intention to deepen its engagement with the Democratic Republic of Congo (DRC) and its citizens, especially in communities hosting its operations at Mutanda Mining (MUMI) and Kamoto Copper Company (KCC)… Read full details

• Zambia Hosts Timbuktoo Mine Technology Hub to Transform Africa’s Mining Industry
• DRC Orders Audits of Perenco’s Oil Operations and Environmental Impact
• DRC Govt Takes Charge of Kamoa Mining Product Sales
• EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector
• DRC Advances Energy Sector with Inga II and Renewable Projects
• Miguel Kashal Highlights DRC’s Value Chain Potential at Global Citizen Forum
• AfDB Approves $108 Million Loan to Boost Zambia’s Economic Reforms
• Zimbabwe to Seek 26% Stake in New Mining Projects
• Arbitration Proceedings Over Cobre Panama Mine Escalate as Investors Await Panama’s Decision
• Gemfields Records $46.2 Million in Revenue from Latest Ruby Auction Despite Market Challenges
• MMG Kinsevere Boosts Community Inclusion with Youth Recruitment Initiative

• DRC and EU Launch Strategic Roadmap for Sustainable Development and Energy Transition
• President Tshisekedi Highlights DRC’s Economic Resilience Amid Global Challenges
• Barrick Gold Seeks Buyer for C te d’Ivoire’s Tongon Mine Amid Gold Price Surge
• Zambia’s Finance Minister Refutes Tax Holidays for Multinational Mining Companies
• Zambia Seeks EU Support to Strengthen Mining and Economic Development
• Codelco and Enami Explore Collaboration on Copper Smelting Expansion
• DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement
• Fortescue Metals Secures $10 Million for Development of Fast Chargers for Heavy Mining Equipment
• Zesco Settles $82 Million Loan Prepayment to China Exim Bank for Kariba North Bank Extension 
• President Tshisekedi Unveils Ambitious Rural Infrastructure Plan for 2025

Morocco, recognized as a leader in Africa’s automotive industry, brings its expertise in vehicle production, including electric models, to the partnership…

Morocco, the Democratic Republic of Congo (DRC), and Zambia have launched a groundbreaking initiative to establish a regional value chain for electric mobility in Lusaka, Zambia, aimed at transforming Africa’s automotive sector. Led by the United Nations Economic Commission for Africa (ECA) Office for North Africa, the initiative entered its second phase on December 9, with representatives from all three nations.. Read full details