CKM NEWSLETTER 19-02-2024

February 20, 2024February 20, 2024 Copperbelt Katanga News

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Vedanta Resources, a global natural resources company, has commenced financial support for Konkola Copper Mines (KCM) in Zambia… Vedanta Resources, a global natural resources company, has commenced financial support for Konkola Copper Mines (KCM) in Zambia, with an initial disbursement of $25 million allocated for employee salaries, contract labor, and critical services to uphold the asset’s integrity. The company has deployed a technical team to collaborate with KCM’s current management to assess the condition of the… *Read full details*
	IMF forecasts 4.7% Economic Growth for Zambia in 2024, Citing Mining Sector Reopenings ARSP Director Highlights DRC’s Value Chain Development at Mining Indaba Barrick Announces New Share Buyback Program	FQM Dominates Zambia’s Extractive Sector Contributions FQM Expands Central Africa Copperbelt Licences Vedanta Resources Sells $209 Million Stake in Vedanta Ltd DRC Takes the Lead in Advancing Gas initiatives BRICS: South Africa Announces Five New Confirmations FQM To Sell 120,000 Tons of Copper in Panama Mine Canada to Accelerate Critical Mineral Mining – Energy Minister Glencore Plans Closure or Sale of Unprofitable Nickel Mines in New Caledonia

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Entreprise Generale du Cobalt (EGC) and Gecamines announced an exclusive agreement granting mining rights for five squares to EGC…

During the Mining Indaba event in Cape Town, South Africa, Entreprise G n rale du Cobalt (EGC) and G camines announced an exclusive agreement granting mining rights for five squares to EGC. This deal empowers EGC to oversee artisanal cobalt mining fully. Established in 2019 as a G camines subsidiary, EGC monopolizes the purchase and sale of artisanal cobalt in the Democratic Republic of Congo… Read full details


ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon… ZCCM Investments Holdings Plc (ZCCM-IH) has come forward to address recent allegations circulating in certain media outlets regarding the purported loss of control over the Kasenseli Gold Mine. Contrary to these reports, ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon, following the amicable resolution of disputes and the necessary consent to mine… *Read full details*

Gecamines has made a concrete offer to buy off selected copper and cobalt assets from Eurasian Resources Group (ERG) in the country… Gecamines, the state miner of Congo, has made a concrete offer to acquire select copper and cobalt assets from Eurasian Resources Group (ERG) in the country. This move aims to regain control over projects previously owned by partners and bolster reserves in metals crucial for the green transition. According to Robert Lukama, Chairman of Gecamines, the mining unit is targeting three of ERG’s assets… *Read full details*
FQM Dominates Zambia’s Extractive Sector Contributions FQM Expands Central Africa Copperbelt Licences Vedanta Resources Sells $209 Million Stake in Vedanta Ltd DRC Takes the Lead in Advancing Gas initiatives BRICS: South Africa Announces Five New Confirmations FQM To Sell 120,000 Tons of Copper in Panama Mine

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Africa is about to achieve a significant milestone with plans for its inaugural Cobalt Sulphate Refinery, to be operational by the end of 2025…

Africa is on the brink of achieving a significant milestone with plans for its inaugural Cobalt Sulphate Refinery, poised to be operational by the end of 2025. This development, spearheaded by Nigeria-based Africa Finance Corp. (AFC) and backed by mining luminary Mick Davis’ Vision Blue, marks a crucial step in diversifying the global battery supply chain beyond China, a dominant player in cobalt… Read full details

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