CKM NEWSLETTER 21-02-2022

A New Agreement to Get Back the Ultra High Grade Kipushi Mine production

Kipushi, Democratic Republic of Congo – Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Alphonse Kaputo Kalubi (Chairman) and Bester-Hilaire Ntambwe Ngoy Kabongo (CEO) of Gécamines, DRC’s state-owned mining company, are pleased to announce that Kipushi Holding, an Ivanhoe Mines wholly-owned subsidiary, and Gécamines have signed a new agreement to return… Read full details

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• Sandvik to Supply Major Potash Project
• Market: Copper at 9,825 USD Per Tonne, Cobalt at 74,970 USD Per Tonne
• DRC: Congolese Expertise Increasingly Proven In Environmental Studies, Says OEMS CEO
• Lithium Battery Manufacturers Race To Develop Low-Emission Heavy Equipment for Mining
• Glencore Sets Aside $1.5bn to Settle Bribery Probes

• ZCCM IH Board Director Bishop Mambo Tells Chinese Mining Firm to Start Paying Dividends to Govt
• Small Scale Miners Looking Forward to the Resumption of Operations at The Black Mountains- Zambia
• Interventions in Mining And Other Key Sectors to Prop Zambia’s GDP
• Gold Pushes Above $1 900 As Ukraine Crisis Spurs Haven Demand
• Asante Reports ‘Significant Interest’ In $100m Raise for Bibiani
• Sandvik Trials Largest Capacity Electric Truck
• Mines And Minerals Minister Paul Kabuswe Threatens to Grab Black Mountain if Caderism Shows its Head

Mopani Now Producing About 9,000 Tonnes per Month…

The ZCCM-IH Board of Directors and Management toured the Mopani Copper Mines Henderson Shaft, underground and the refinery in Mufulira, this morning. The Board is elated with the Zambian management team’s performance at Mopani post the acquisition. Months prior to the acquisition on 31 March 2021, Mopani produced a monthly production averaging 3, 500 tonnes of copper cathodes, but now produces… Read full article

A 4 Point Argument for Mining in the Lower Zambezi National Park in Zambia…

“For as long as we are disconnected from the land economically, preserving it is not a priority.” – Munyumba Mutwale. This statement could not be more consistent with the reality of the matter, especially for a people that are trying to overcome poverty, debt, economic stagnation and underutilization of the abundant resources within the land. What then are we truly “preserving” if preserving and… Read full article

AVZ and CATH Agreement Reached for a $240 Million Investment

ASX-listed AVZ Minerals on Wednesday reached an agreement with private investment firm Suzhou CATH Energy Technologies over a $240-million investment into the Manono lithium and tin project, in the Democratic Republic of the Congo (DRC). The two companies in September last year struck a deal under which CATH will earn a 24% equity interest in a multi-faceted joint venture to develop the Manono… Read full article

• Copper Edges Higher as Russian Troops Return To Base
• DRC: Celebration of 50 Years of The FEC, Albert Yuma Announces a Series of Activities by July 27
• DRC: Sama Lukonde Receives Explanations From the FEC on the Difficulties Encountered in the Private Sector
• DRC Has The Potential for Better Resource Development: Condra Cranes

Government authorities are investigating the purported cancellation of exploration licence…

Argonaut Resources has advised relevant Zambian Government authorities are investigating the purported cancellation of exploration licence 22399-HQ-LEL, Lumwana West following in person representations by Argonaut. Lindsay Owler, Director and CEO commented: “Our circumstance has arisen at a time when the newly elected Government is working hard to restore investor confidence in the Zambian…  Read full article

DRC President Exercised Concerns the Contracts on the Mining and Oil Concessions of the Fleurette Group …

As part of the cleaning up of the mining and hydrocarbons sector, the Head of State Félix Tshisekedi, in his communication during the 41st meeting of the Council of Ministers on Friday, February 18, reminded the government of its option exercised concerns the contracts on the mining and oil concessions of the Fleurette Group for a comprehensive and amicable settlement of all disputes. The objective… Read full article

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• ZCCM IH Board Director Bishop Mambo Tells Chinese Mining Firm to Start Paying Dividends to Govt
• Small Scale Miners Looking Forward to the Resumption of Operations at The Black Mountains- Zambia
• Interventions in Mining And Other Key Sectors to Prop Zambia’s GDP