CKM NEWSLETTER 26-12-2022

John Robertson takes over from Jan Trouw as MD…

In the DRC, Alphamin Bisie Mining (ABM) will now be headed by John Robertson Subject to regulatory approval, he will succeed current CEO Jan Trouw, said a December 14 statement issued by Alphamin Resources, which holds an 84% stake in ABM. Robertson is a mining specialist with 30 years of experience in Francophone and Anglophone Africa. He has already worked with Jan Trouw, which could facilitate… Read full details

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• Diamond Auction Sales Increased by 20% in 2022
• Glencore Annual Conference in The Democratic Republic of Congo – Kinshasa 2022
• Ivanhoe Mines Responds to Misleading Bloomberg Headline
• Panama & First Quantum Mull Fresh Talks on Copper Mine Next Week
• Nigerian Professor Applauds Zimbabwe’s Lithium Ban
• Africa Could Make €1 Trillion of Green Hydrogen a Year, EIB Says
• Komatsu to Expand Underground Mining Equipment Offering With GHH Acquisition
• Copper Price Rises on Hopes for Better Demand in 2023

• Lithium Export Ban Now in Force in Zimbabwe
• Panama Orders First Quantum to Halt Copper Mine Operations
• Copper Mining Finally Expands But Smelters Can’t Keep Up
• Yakutumba & Biloze Bishambuke Groups Continue to Fight for Control of Mining Sites

The Price of Tin Has almost Doubled over the past 12 months…

The price of tin has almost doubled over a year and is on the verge of recording its strongest annual increase in more than thirty years (30 years), note experts in the sector. On the international market, tin is trading at 23,724.00 USD per ton on the London Stock Exchange this Monday, December 19, 2022, an increase of around +0.53%. According to some experts, this surge in the price of tin is… Read full details

Zambian State Power Utility Agrees to Settle Outstanding Arrears to Maamba Collieries…

Zambia’s state power utility ZESCO has agreed in international arbitration in London to pay Maamba Collieries Ltd $518 million by August to settle arrears outstanding arrears for power supplied. Maamba through its parent company Nava has been pursuing international arbitration against ZESCO for outstanding debt. The arbitral tribunal has issued a consent award, and as per the award, ZESCO shall, by August… Read full details

Critical Metals formalized on Monday December 19 the takeover of Madini Occidental Ltd…

The British mining company Critical Metals formalized on Monday December 19 the takeover of Madini Occidental Ltd, a shareholder company in the Molulu copper-cobalt mine. That 100% stake now gives Critical a 70% stake in Molulu, up from 55% previously. “We are absolutely delighted that Madini Minerals has accepted our offer to acquire the remaining 21.5% of Madini Occidental Ltd… Read full details

• Lithium Export Ban Now in Force in Zimbabwe
• Panama Orders First Quantum to Halt Copper Mine Operations
• Yakutumba & Biloze Bishambuke Groups Continue to Fight for Control of Mining Sites
• Diamond Auction Sales Increased by 20% in 2022
• Glencore Annual Conference in The Democratic Republic of Congo – Kinshasa 2022

Zambia’s stable and consistent policies have sparked a resurgence in direct foreign investment…

Zambia’s stable and consistent policies have sparked a resurgence in direct foreign investment, according to the nation’s largest mining company, First Quantum Minerals (FQM). “We’re now responding to the incentives, stability and consistency of policy. Mines can now seek capital whether it’s self-generated or from the wider international financial institutions,” said FQM’s Kansanshi Mining… Read full details