CKM NEWSLETTER 17-07-2023

CMOC has resumed exports of copper and cobalt from TFM…

China’s CMOC Group said on Monday July 10th that it has resumed exports of copper and cobalt from its TFM mine in the Democratic Republic of Congo, in the first confirmation of shipments after it resolved a dispute with the state miner in April. Exports from the Tenke Fungurume Mining (TFM) operation, which in 2021 supplied 10% of the world’s cobalt, were halted in July 2022 after a row erupted… Read full details

• Global Demand for Critical Minerals Expected to More Than Double by 2030
• Stronger Q2 Puts Barrick on Track to Achieve 2023 Targets
• Global Cobalt Prices Surge to $31,549.00 USD Per Tonne
• DRC’s Miba Produces 16.6k Carats of Diamonds in Q1 2023
• Angola and DRC Sign Historic Cooperation Agreement
• South Africa Eyes Electric Batteries Deal in DRC Investment Talks
• Lobito Atlantic Railway Assumes Operatorship of Lobito Corridor
• Sugilite: A Captivating Gemstone with Unique Properties

• Top 5 Copper and Cobalt Mines in Africa by Potential Production
• Zambia’s Bondholders Advance $3B Debt-Restructuring Talks
• Twiga Transforms Tanzanian Mining, Sets Standard for Industry
• Sandvik Wins Sek 460 Million Mining Equipment Order in Australia

• DRC Records Impressive Zinc Production of 3,625.71 Tons in Q1 2023
• DRC’s Kibali Records 9 Impressive Achievements in Q2-2023
• Beka Schréder Announces Launch of New Decorative Solar Post Top Luminaire
• Global Demand for Critical Minerals Expected to More Than Double by 2030

Hon. Paul Kabuswe Provides Updates on Various Mining Activities…

In a recent press briefing, Zambia’s Mines Minister, Paul Kabuswe, provided updates on several important issues related to the country’s mining sector. The briefing aimed to inform the nation about the progress and plans of the Ministry of Mines and Mineral Development. The minister discussed topics such as the status of Mopani Copper Mine (Mopani) and Konkola Copper Mines (KCM), the suspension… Read full details

Cobalt and other battery minerals at the heart of the opposition of interests between the United States and China…

The very rare riches of the Democratic Republic of Congo’s subsoil, cobalt as a bonus, are at the heart of the opposition of interests between the United States and China in a world in the midst of a race to control strategic minerals for the energy transition. A bill requiring the establishment of a U.S. national strategy to secure critical mineral supply chains from the Democratic Republic of Congo… Read full details

Zambia is losing over $10 million per annum in forex due indefinite closure of the Kasenseli gold mine…

Zambia is losing over $10 million per annum in forex due to lost production hours and revenues following the indefinite closure of the Kasenseli gold mine in Mwinilunga, North Western Province. Revelations indicate that during the first full year of the mine’s operation (from approximately June 2020 to October 2021), it produced a total of about 143 kilograms of gold worth over $10 million… Read full details

• Stronger Q2 Puts Barrick on Track to Achieve 2023 Targets
• Global Cobalt Prices Surge to $31,549.00 USD Per Tonne
• DRC’s Miba Produces 16.6k Carats of Diamonds in Q1 2023
• Angola and DRC Sign Historic Cooperation Agreement
• South Africa Eyes Electric Batteries Deal in DRC Investment Talks

Beka Schreder Supplies Underground Lighting Solution to Kipushi Project…

Beka Schréder has supplied the underground lighting solution to the Kipushi Project in the Democratic Republic of Congo (DRC). The Kipushi Project, a historical underground mine located in the DRC’s province of Haut-Katanga, is adjacent to the town of Kipushi and approximately 30 kilometres southwest of the provincial capital of Lubumbashi, DRC. Kipushi Corporation (KICO), a joint venture between… Read full details