CKM NEWSLETTER 21-10-2024

Positive economic outlooks in the United States and China will contribute to upward pressure on copper prices…

Copper prices are anticipated to average around US$10,265 per tonne in the final quarter of 2024, according to estimates from Fastmarkets. Analysts at Reuters, a commodity price intelligence firm, suggest that positive economic outlooks in the United States and China will contribute to upward pressure on copper prices. Goldman Sachs has also predicted a gradual increase in copper prices in the…  Read full details

• Former Glencore Executives Await 2027 Trial for Bribery Charges
• DRC Minister of Mines Advocates for Reforms in Mining Sector at CAMI Press Caf
• Cobalt Mining in Kolwezi Poses Serious Risks to Women’s Reproductive Health
• DRC’s Minister of Mines Commits to Eradicating Child Labor in Cobalt Mining
• DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection
• ZEMA Approves 116 Projects Worth $1.91 Billion to Boost Zambia’s Development
• Chinese Mining Enterprises Actively Participate in The First Zambia Mining and Investment Insaka
• DRC Criticizes US Department of Labor for Including Congolese Cobalt on Forced Labor List

• Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth
• Congolese Minister of Mines Opposes New Financial Authority for Mining Sector
• DRC Set to Gain 922.4 Billion CDF from Sino-Congolese Contract Renegotiation
• Minister Kizito Pakabomba Urges Local Communities to Leverage Mining Subsidies for Development
• Goma Mining Conference Promotes Tax Compliance and Economic Development
• Zambia Launches Outward Trade Mission to Boost Relations with DRC
• Gecamines Bids for Chemaf Resources Amid Ongoing Controversy Over Chinese Sale
• Barrick Gold Reports Lower Q3 Production Amid Challenges at Nevada Mines
• Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges
• GoviEx Uranium Completes Successful Metallurgical Testwork at Zambia’s Muntanga Project
• Glencore’s 6th Annual DRC Mining Conference Highlights ESG and Sustainability Efforts
• Fuel Prices Drop by 13% in DRC’s West Zone as Govt Moves to Combat High Cost of Living
• DRC and Angola Sign Key Agreement on Revenue Sharing for Block 14/23 Oil Exploitation
• Cobalt Institute Hosts Roundtable in Kinshasa to Address Concerns Over Child Labor in Congolese Cobalt Production
• Newmont Sells Akyem Mine in Ghana to Zijin Mining for Up to $1 Billion

Aim-listed Tertiary Minerals has successfully concluded its first drilling program at the Mushima North copper project in Zambia…

Aim-listed Tertiary Minerals has successfully concluded its first drilling program at the Mushima North copper project in Zambia. The objective was to test the A1 and C1 copper, zinc, and arsenic soil anomalies identified through last year’s soil sampling. The program involved drilling 25 reverse circulation holes, reaching a maximum depth of 112 meters, with three drill traverses at the A1 anomally…  Read full details

The inaugural batch of concentrated germanium will be shipped this week to Umicore, a Belgium-based mining company, for further processing and utilization in advanced technological applications…

The Democratic Republic of Congo (DRC) is set to make its first export of locally processed germanium concentrate, produced in Lubumbashi by Soci t Terril de Lubumbashi (STL), a subsidiary of G camines. Germanium is a strategic metal crucial for various high-tech applications, including aerospace, optical technologies, and space exploration. According to a press release from G camines, the inaugural… Read full details

Manara, a joint venture between Saudi mining company Ma’aden, is in advanced discussions to purchase a 15% to 20% equity share in FQM, Zambian operations…

Saudi Arabia’s Manara Minerals is close to finalizing a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel assets, sources familiar with the matter told Reuters. Manara, a joint venture between Saudi mining company Ma’aden and the $925-billion Public Investment Fund, is in advanced discussions to purchase a 15% to 20% equity share in the Zambian operations… Read full details

• DRC and Angola Sign Key Agreement on Revenue Sharing for Block 14/23 Oil Exploitation
• Cobalt Institute Hosts Roundtable in Kinshasa to Address Concerns Over Child Labor in Congolese Cobalt Production
• Newmont Sells Akyem Mine in Ghana to Zijin Mining for Up to $1 Billion
• Mali Seeks $512 Million in Tax Claims from Barrick Gold Amid Mining Revenue Drive
• Former Glencore Executives Await 2027 Trial for Bribery Charges
• DRC Minister of Mines Advocates for Reforms in Mining Sector at CAMI Press Caf
• Cobalt Mining in Kolwezi Poses Serious Risks to Women’s Reproductive Health
• DRC’s Minister of Mines Commits to Eradicating Child Labor in Cobalt Mining
• DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection
• ZEMA Approves 116 Projects Worth $1.91 Billion to Boost Zambia’s Development
• Chinese Mining Enterprises Actively Participate in The First Zambia Mining and Investment Insaka
• DRC Criticizes US Department of Labor for Including Congolese Cobalt on Forced Labor List
• Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth

• Congolese Minister of Mines Opposes New Financial Authority for Mining Sector
• DRC Set to Gain 922.4 Billion CDF from Sino-Congolese Contract Renegotiation
• Minister Kizito Pakabomba Urges Local Communities to Leverage Mining Subsidies for Development
• Goma Mining Conference Promotes Tax Compliance and Economic Development
• Zambia Launches Outward Trade Mission to Boost Relations with DRC
• Gecamines Bids for Chemaf Resources Amid Ongoing Controversy Over Chinese Sale
• Barrick Gold Reports Lower Q3 Production Amid Challenges at Nevada Mines
• Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges
• GoviEx Uranium Completes Successful Metallurgical Testwork at Zambia’s Muntanga Project
• Glencore’s 6th Annual DRC Mining Conference Highlights ESG and Sustainability Efforts
• Fuel Prices Drop by 13% in DRC’s West Zone as Govt Moves to Combat High Cost of Living

Pakabomba emphasized that internationally recognized best practices for certifying mineral reserves involve a set of standards and methodologies…

During the 17th Council of Ministers meeting on Friday, October 11, in Kinshasa, Congolese Minister of Mines Kizito Pakabomba presented an information note on the government’s need to establish mechanisms for certifying mining reserves. Pakabomba emphasized that internationally recognized best practices for certifying mineral reserves involve a set of standards and methodologies used to evaluate… Read full details