CKM NEWSLETTER 25-07-2022

The Zambian government is considering reversing the Glencore – Mopani deal…

The Zambian government is considering reversing the Glencore – Mopani deal. The Zambian Mines Minister Hon. Paul Kabuswe said in a statement, that the deal’s contract does not seem to favor Zambian interests at all. This is made worst by the fact that this deal was made at a time close to Glencore’s recently revealed corruption scandals. Last year ZCCM-IH got overwhelming support from its… Read full details

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• Epiroc To Deliver Advanced Autonomous Drilling Solutions To Snim In Mauritania
• Cameroon’s Anti-Graft Agency Says Investigations Into Glencore Bribery Underway
• Copper Price Down As Growth Outlook Deteriorates
• Metso Outotec To Supply Plant Equipment To Kamoa Copper In DRC
• Greenpeace Denounces The Auctioning Of Oil And Gas Blocks In The Drc
• Copper Price Rises As Risk Appetite Returns

• Gold Gains As Investors Weigh Growth Concerns; Palladium Jumps
• De Beers Boosts 2022 Guidance Despite Drop In Output
• Beka Schréder (Pty) Ltd Is Excited To Announce The Launch Of Their New Led Lowbay, The Ledtec!
• Shanta Records Strong Second-Quarter Performance
• Gold Price Sinks Below $1,700 Ahead Of Key Central Bank Meetings
• Epiroc Records ‘Best Quarter Ever For Electrification’
• Auction Of Oil And Gas Blocks In The Drc: Modero Nsimba Refutes The Denunciations Of Greenpeace

CMOC suspend marketing and export of its production …

CMOC’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator. A CMOC spokesman did not immediately reply to a request for comment but had said on Friday that the mine, which accounted for more than 10% of worldwide cobalt output in 2021, had not issue … Read full details

FQM has built a solid operating base in the Zambia …

First Quantum Minerals (FQM), a large mining company with a TSX listing, plans to make significant investments in the expansion of its Kansanshi copper and gold mine. This shows not only the persistent demand for these two metals from international markets, but also the company’s dedication to a nation that recently welcomed a new political leadership that aims to raise Zambia’s status as a min … Read full details

Patrick Muyaya reminded this NGO that there are current oil drilling techniques that are safe for the ecosystem..

The Minister of Communication, Patrick Muyaya insisted on the need for the Democratic Republic of Congo to exploit its oil and gas blocks in order to allow the country to benefit from the advantages of its wealth. During the joint briefing with the Ministry of Tourism, held on Wednesday July 20, the government spokesperson responded to the denunciations of the international environmental… Read full details

• Gold price rebounds from near 11-month low as dollar retreats
• Copper price extends recovery on china’s efforts to tame housing woes
• Copper is the new gold that will start the next war
• Gold deposits found in Nkhata Bay in Malawi
• DRC Auctions Off 27 Oil Blocks And 3 Gas Blocks

The DRC Public Treasury Lose More than four (4) Billion US Dollars Per Year Due To The Illicit Exploitation of Coltan…

This figure emerges from the latest report published by ENACT Africa, a European Union project aimed at strengthening the fight against transnational organized crime in Africa. In this report, the organization has highlighted some of the evils that hinder the responsible exploitation of Congolese coltan. Among the evils raised by ENACT Africa, there is in particular the collusion of the… Read full article

Democratic Republic of the Congo produced 572,983 tonnes of copper in 2022 compared to 379,755 tonnes of copper in the same period in 2021…

The mining industry in the Democratic Republic of the Congo produced 572,983 tonnes of copper between January and March 2022 compared to 379,755 tonnes of copper in the same period in 2021, an increase in production of 193,228 tonnes, according to Bank data. central Congo in its compendium of statistical information. During the first three months of this year, Gécamines produced 805 tons of… Read full details