| DRC & Zambian top mining news Our premier CKM stories this week 
| Tshisekedi called for sanctions against all mafia networks operating in the DRC In his speech delivered on Tuesday, September 21 from the United Nations podium for the 76th General Assembly, the DRC Head of State Félix Tshisekedi called for sanctions against all mafia networks operating in the DRC, and all multinational companies who illegally exploit minerals there. “Severe and exemplary sanctions be taken against all mafia networks, whether in transit countries… Read full article Read Also: Sandvik: The Majority of Our Mining Vehicles will be Electric by 2030 | Sponsored advertisement | More top mining stories | | 
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| KCM Liquidation in the spotlight | Zambia’s mines minister on Monday criticised the previous administration’s push to liquidate Vedanta’s Konkola Copper Mines (KCM) unit, which sparked years of wrangling. Vedanta and the government have been in a legal dispute over the mine and smelter since May 2019 when Zambia, which owns 20% of KCM through state mining investment firm ZCCM-IH, handed control of the business to a liquidator… Read full article Read Also: DRC: 818 Tonnes of Coltan Exported in the First Half of 2021 for a Value of 98.7 Million USD |
| Total of 1 billion 93,283 USD in Mining Royalty in DRC According to data from the DRC’s Ministry of Mines, the mining royalty, recorded and liquidated, in the two provinces of Katanga, Lualaba and Haut-Katanga, with regard to copper and cobalt, is estimated at 647,208,290.68 USD for the first half of 2021 and 446,072,091.31 USD for the months of July and August 2021, for a total of 1 billion 93,283 USD. Among the mining companies the largest providers of… Read full article | 
| TFM faces a serious problem of energy deficit Chinese-owned Tenke Fungurume Mining (TFM) is one of the largest copper producers in the DRC and the largest cobalt producer in the world. TFM achieves an average annual copper production of around 180,000 tonnes and its average annual cobalt production varies between 16,500 to 18,000 tonnes. But it faces a serious problem of energy deficit due to the poor quality and untimely cuts of the electric … Read Full Article | | 
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| Gemfields posted a $23.8 million net profit after reopening Precious gemstones miner Gemfields (LON: GEM) (JSE: GML) has swung to a first-half net profit after it reopened mines and demand for its emeralds and rubies surged. The company, which returned to the London Stock Exchange’s market for juniors last year, posted a $23.8 million net profit, which compares to a loss of $56.7 million in the same period last year as revenue increased 548% to $97.2 million… Read full article | 
| Copper miners in the DRC so far exported 1 million 39,670.30 tonnes of copper Copper mining companies operating in the Democratic Republic of the Congo exported 1 million 39,670.30 tonnes of copper at the end of August 2021, of which 65,444.60 tonnes were sold locally in the DRC and 974,225.71 tonnes were exported, according to data from the Ministry of Mines. In the 1st half of 2021, mining operators produced 871,956.36 tonnes of copper in the 1st half of 2021, including… Read full article |
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