CKM NEWSLETTER 22-08-2022

For Kamoa-Kakula, Ivanhoe Mines announced the sale to a volume of 85,794 tons of copper bringing in revenues of 494.1 million USD…

According to the related report, 253.1 million USD were made in the Democratic Republic of Congo (DRC) as profits. For Kamoa-Kakula alone, a mining complex operated in the DRC by the Kamoa Copper company, Ivanhoe Mines announced the sale to a volume of 85,794 tons of copper bringing in revenues of 494.1 million USD, with an operating profit of 253 .1 million US dollars and an EBITDA… Read full details

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• DRC: Most of the Congolese Diamond Comes From Artisanal Production, i.e. 71% in 2021
• Fresh Projects are Needed for Mining to Meet Demand
• DRC: Saemape Sensitizes Mining Operators on the Process of Granting Technical Advice
• Copper Price Rises Despite Global Economic Pessimism
• Gold Price Drops With China Slowdown, Fed Minutes in Focus
• Zimbabwe Offers Target-Beating Incentive for Biggest Gold Miners
• DRC: Tenders for Oil and Gas Blocks, Budimbu Reassures ICCN on Respect for the Environment
• Copper Prices Rise Again This Week to More Than 8,000 USD Per Ton (Mercuriales)
• Gold Price Heads for Weekly Drop as Fed Officials Reiterate Rate Hikes

• Blasting’s Role in Making Mining More Sustainable
• Doors to Mining Opened by Women Engineers and Scientists
• Ivanhoe Mines Issues Second Quarter 2022 Financial Results, Review of Mine Construction & Exploration Activities
• Barrick Gold Boss Tells Miners to Brace for More Inflation
• Glencore Profit More Than Doubles Thanks to Soaring Coal Price
• Africa: On Tour for Security and Mining Issues? Anthony Blinken Held to the Duty to Respect the Choices of the DRC

Kalengwa mine which is believed to have the highest copper ore grades in Zambia remains undecided…

Expansion of Zambia’s total annual copper production remains a challenge as the re-opening date of Mufumbwe’s Kalengwa mine which is believed to have the highest copper ore grades in Zambia remains undecided. North-Western Province Permanent Secretary – PS disclosed that he is yet to meet Moxico Resources Zambia (MRZ), a company which has taken over the running of Kalengwa mine in Mufumbwe… Read full details

SADC Summit held on Wednesday in Kinshasa on the industrialization of the sixteen member countries of the sub-region…

A dozen heads of state of the Economic Community of Southern African States (SADC) held a summit on Wednesday in Kinshasa on the industrialization of the sixteen member countries of the sub-region, called upon to develop their own “Value Chains”, noted an AFP team. The theme chosen was: “Promoting industrialization through agro-processing, mineral beneficiation and the development of regional… Read full details

160 Megawatts in a solar-hydroelectric hybrid system, in the province of Haut-Katanga…

The Congolese company KIPAY Energy has set itself the challenge of producing more than 160 Megawatts in a solar-hydroelectric hybrid system, in the province of Haut-Katanga. This ambitious project led by a Congolese, Eric Monga Sombe Sombe, should help reduce the energy deficit in this mining province of the Democratic Republic of Congo. The investment is valued at over US$400 million. This pro … Read full details

• DRC: Most of the Congolese Diamond Comes From Artisanal Production, i.e. 71% in 2021
• Fresh Projects are Needed for Mining to Meet Demand
• Copper Price Rises Despite Global Economic Pessimism
• Gold Price Drops With China Slowdown, Fed Minutes in Focus
• Zimbabwe Offers Target-Beating Incentive for Biggest Gold Miners

Consolidating its goal of providing support for the most critical social sectors in Zambia, such as education | Kagem Mining Ltd

KITWE, ZAMBIA – Further consolidating its goal of providing support for the most critical social sectors in Zambia, such as education, Kagem Mining Ltd has signed a Memorandum of Understanding (MoU) with the Copperbelt University (CBU) to ensure its continued support for the university through a scholarship programme, amongst other forms of assistance. Through the MoU, Kagem will provide scholarships… Read full details

10X Business Accelerator Programme to build business capacity for local contractors in Barrick’s mining supply chain…

Zambian miner Barrick Lumwana, in collaboration with the Accelerated Growth for Micro, Small and Medium-sized Enterprises in Zambia (AGS) programme and the Women’s Entrepreneurship Access Center (WEAC), has launched the 10X Business Accelerator Programme to build business capacity for local contractors in Barrick’s mining supply chain. The programme will be implemented by WEAC to build local… Read full details