CKM NEWSLETTER 25-12-2023

The agreement, involving a total investment commitment of US$1.1 billion by IRH…

ZCCM Investments Holdings Plc (ZCCM-IH) has sealed a significant pact with International Resources Holding RSC Limited (IRH) for a strategic collaboration involving Mopani Copper Mines Plc (MCM). The agreement, involving a total investment commitment of US$1.1 billion by IRH, marks a transformative phase in the relationship between Glencore International AG (Glencore) and MCM, subject to specific… Read full details

• IMF Disburses US $187 Million to Zambia, Praises Economic Resilience
• Minister Foresees Three-Month Search for Trapped Miners in Zambia
• South African Court Dismisses Kabwe Lead-Poisoning Case Against Anglo American Mining

• Urgent Solutions to MIBA and SACIM
• Sicomines Undertakes to Respect the Requirements of The Law on Subcontracting
• Angola’s Electric Vehicle Fleet Grows 100% In 2024

• Caterpillar Showcases Sustainable Underground Solutions To Newmont
• Bell Equipment Appoints Ashley Bell as New CEO
• Integrated Pump Technology Secures Exclusive Distribution for Godwin Pumps in Zambia and The DRC

• FQM’s Kansanshi Spends Over 5 Million Kwacha on Six Solwezi Co-Operatives
• Epiroc Launches New Digital Solutions for Surface Mining
• Council of State Clears Accused G camines Officials
• Panama Starts Process for First Quantum’s Mine ‘Definitive’ Closure

The consortium comprises of Azule Energy, BP & ENI joint venture (20 percent), ETU Energias (20 percent), Galp (9 percent), Sonangol (10 percent), and Sonahydroc SA (10 percent)…

In a landmark development, Cabinda Gulf Oil Company Limited (CABGOC) has inked a consequential Production Sharing Agreement (PSA) to operate in the prized Block 14/23 concession, nestled within the Zone of Common Interest (ZIC) in the maritime expanse shared by Angola and the Democratic Republic of Congo (DR Congo). Under this monumental PSA, co-signed with the Governments of Angola and DR Congo… Read the full article

Ivanhoe Mines announced that it had closed its previously announced private placement offering of 47,917,050 Class A common shares (the at a price of C$12.00 per Common Share…

Robert Friedland, Founder and Executive Co-Chairman of Ivanhoe Mines commented: “We would like to extend our gratitude to the major institutional shareholders of Ivanhoe Mines for cornerstoning the offering. The financing reinforces our strong balance sheet taking our cash balance to over US$600 million. The funding enables us to quadruple our exploration budget into next year, following the… Read full details

Zambia’s Ministry of Mines and Minerals Development is charting a new course to capitalize on global shifts toward electric batteries and green energy…

Zambia’s Ministry of Mines and Minerals Development is charting a new course to capitalize on global shifts toward electric batteries and green energy. Spearheaded by Permanent Secretary Hapenga Kabeta, the ministry has crafted a visionary draft of a critical minerals strategy aimed at seizing emerging opportunities in the electric battery and sustainable energy sectors. Kabeta emphasized that the… Read full details

• IMF Disburses US $187 Million to Zambia, Praises Economic Resilience
• Minister Foresees Three-Month Search for Trapped Miners in Zambia
• South African Court Dismisses Kabwe Lead-Poisoning Case Against Anglo American Mining
• Caterpillar Showcases Sustainable Underground Solutions To Newmont

TFM has made significant financial contributions to the Public Treasury and various public administrative services, totaling around $987 million…

Tenke Fungurume Mining (TFM), situated over 190 km from Lubumbashi, the capital of Haut-Katanga province in the southeastern Democratic Republic of Congo (DRC), has made significant financial contributions to the Public Treasury and various public administrative services, totaling around $987 million. As detailed in the 2022 environmental, social, and governance report released on October 31, 2023 … Read full details