CKM NEWSLETTER 24-04-2023

Mwembeshi Resources is expected to start production before the end of this year…

Mwembeshi Resources Limited, the company granted a license to conduct copper mining in the Lower Zambezi national park, is expected to start production before the end of this year, according to Emmanuel Tembo, the Member of Parliament for FEIRA constituency. Tembo confirmed that preparations for mining have progressed, with the first production set to take place this year. The decision by Zambia’s… Read full details

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• DRC’s Oil Industry Yielded a Meager USD 364.6 Million from 2020 to 2021
• Prices of Copper Slightly Fall on the Market to $8,829 Per Tonne This Week in DRC
• DRC and Angola Nearing Agreement with Chevron for Oil and Gas Block 14c
• Licoco Warns of Attempts to Undermine Revision of Chinese Contract in DRC, Praises LGF Report on Sicomines
• The Price of Copper Reaches USD 9,001.0 Per Tonne on the International Market (BCC)
• DRC Announces the Submission Deadlines for the Call for Tenders for 3 Oil Blocks
• First Meeting of the National Consultation Framework of Stakeholders in the DRC Mining Sector
• Global: Tin Prices Surge to 33,394.18 USD Per Ton, Marking a 10% Rise

• Over 356 Mining Rights Were Granted in DRC from 2020 to May 2022
• Zambia’s Mines Minister: Konkola Copper Mines Deal to be Announced Soon
• DRC-Zambia-USA Tripartite Evaluates the Agreement on the Battery Industry
• Barrick on Track to Achieve 2023 Targets
• DRC Govt Got Around $61m in Loans from Gecamines in June 2022
• IMF Delegation Assesses Mining Statistics with Antoinette N’samba Kalambayi

Ivanhoé Mines not only aims to provide the critical metals needed for the energy transition, but also seeks to be a forerunner in its approach to mining…

The report states that Ivanhoé Mines not only aims to provide the critical metals needed for the energy transition, but also seeks to be a forerunner in its approach to mining. Indeed, the approach used in the 2022 Sustainability Report is based on the principles of good governance of people, planet and prosperity, as defined by the World Economic Forum and in line with the company’s vision to… Read full details

ANGLO American is returning to full-scale exploration for copper in Zambia…

ANGLO American is returning to full-scale exploration for copper in Zambia after signing the provisional JV agreement it struck with London-listed junior Arc Minerals in May last year. In terms of the deal Anglo will own up to 70% of the JV company in return for the investment of up to $88.5m including up to $14.5m in cash.  Arc – through its subsidiary Unico – will retain a meaningful 30% stake… Read full details

The latest development could enable CMOC to begin exporting its stockpile of battery metals to global markets…

China’s CMOC Group Ltd. has made a breakthrough in its long-running dispute with state-owned partner Gécamines over mining royalties in the Democratic Republic of Congo (DRC). This development could enable CMOC to begin exporting its stockpile of battery metals to global markets. According to a filing made by CMOC on the Hong Kong stock exchange on Wednesday 19th April, both companies have reached… Read full details

• Over 356 Mining Rights Were Granted in DRC from 2020 to May 2022
• Zambia’s Mines Minister: Konkola Copper Mines Deal to be Announced Soon
• DRC-Zambia-USA Tripartite Evaluates the Agreement on the Battery Industry
• DRC Govt Got Around $61m in Loans from Gecamines in June 2022

FOR THE FIRST TIME IN ITS HISTORY, THE DEMOCRATIC REPUBLIC OF CONGO (DRC) EXCEEDED THE MILESTONE OF 2 MILLION TONNES OF COPPER PRODUCED ANNUALLY…

As a result, the DRC is now competing for second place among the producing countries of the red metal in the world. In early 2023, the Mining Statistical Bulletin (BEM) published by the General Directorate of Mining Promotion and Sustainability, the Peru … Read full details