CKM NEWSLETTER 21-06-2021

June 21, 2021June 28, 2021 arnbethnic

DRC & Zambian top mining news

Our top stories this week


Demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal… The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo. Congo holds more than half the world’s cobalt reserves, but the market’s negative perception of the central African nation’s business climate means companies will soon find alternative ways to create the power needed for the green energy revolution, Louis Watum of the… Read full article *Read Also;* DRC: Carter Center Calls on Government to Get Involved to Insure Minerals are Processed Locally and Benefit the People
Sponsored advertisement	*More top mining stories*
		Africa’s Legend Has Fallen (Dr Kenneth Kaunda 1924-2021) CEO Vacuum at Anglogold Turns it into World’s Worst Mining Stock Metso Outotec Launches LCS for Filters Market: China Wants to Free up its Copper, Aluminum and Zinc Reserves to Stabilize Prices
Copper Price Crashes 5% on Talk China Will Release Strategic Reserves Zambia Vs Democratic Republic of Congo Metso Outotec Wins Africa Pelletising Plant Order New Mining Minister Kicks Off DRC Mining Week Online Event		.

Zambian government has been urged to address impediments to investment inflows…

Zambia Chamber of Mines president Dr Godwin Beene last week said it was imperative to rectify negative investor perceptions of the mining sector in the country. “Our sector, like any other sector that thrives on engagement with foreigners, is sensitive to public perception. Since the year 2000, when Zambia’s investment policy changed, the new mining sector has been battling a bad press leading to Government putting various measures in place to… Read full article


Alphamin has identified an anomaly that could become the fifth tin province in the world… If a company discovers a tin deposit with an average grade of more than 4.5%, there are no second thoughts. Despite the risks and challenges, Canadian listed Alphamin Resources (TSX.V:AFM) pursued the Bisie deposit in the DRC relentlessly until they started extracting the ore and mitigated the risks. Good rocks do not lie, and there seems to be a lot of them at Bisie. Most have not even been discovered yet. However, all indications are that Alphamin has identified an anomaly that could become the fifth tin province in the world… *Read full article*

Fortescue Metals Group would develop the Grand Inga hydroelectric power project… Democratic Republic of Congo’s (DRC’s) government said on Tuesday last week Fortescue Metals Group would develop the Grand Inga hydroelectric power project, including a 4,800-megawatt dam that has already been committed to Chinese and Spanish developers. Australia’s Fortescue confirmed earlier on Tuesday that it was in talks with Congo to develop a series of dams that could become the world’s largest hydroelectric project, but it said no formal binding agreement had been concluded… Read full article
	DRC: For Albert Yuma, the Energy Deficit and Lack of a Quality Railway Justify the Inability to Process Congolese Minerals at the Local Level Sandvik Makes Leopard DI 650i Fully Autonomous One of Only Four 1,000 Carat-Plus Diamonds Ever Found Dug up in Botswana

An emergency fire & rescue station has been set up in Kalumbila…

A new 24-hour emergency fire and rescue station has been set up in Kalumbila to safeguard people’s lives and protect property as the town continues to grow. The centre, which will be operated round-the clock by a 12-member team, has been provided with state-of-the-art equipment, including a fire engine, multi-casualty trailer and utility vehicle, by First Quantum Minerals’ Kalumbila Minerals. The new facility will help protect the growing community near the company’s Sentinel Mine, as well as the… Read full article

Loncor Gold sits on the Ngayu Belt of the Democratic Republic of the Congo…

Loncor’s flagship project, Imbo, sits on the eastern portion of the Ngayu belt and contains numerous targets including three resource-bearing gold deposits. A mineral resource released in April 2020 outlined an inferred resource for the Adumbi, Manzako and Kitenge deposits at nearly 30.7 million tons grading at 2.6 grams per ton gold for just over 2.5 million ounces of the yellow metal, most of which comes from the high-priority Adumbi target. Loncor currently owns a nearly 85% interest in the project… Read full article

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