CKM NEWSLETTER 29-08-2022

Top Global Mining Companies are getting increasingly involved in the Central African Copper Belt…

Major mining companies are getting increasingly involved in the Central African Copper Belt, expanding existing operations and exploring for new discoveries as the positive fundamentals for copper in terms of soaring demand and limited new supply remain in place. Those groups include Barrick Gold, Anglo American, Ivanhoe Mines and First Quantum, which are stepping up their investments in copper… Read full details

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• Haut-Katanga, Lualaba, Kongo Central, Tanganyika and Maniema, the 5 Provinces With More Mining Titles in 2021- DRC
• The DRC’s National Order Of Civil Engineers “ONICIV” is Committed to Training its Members on Project Management in the PMI Standard
• The British Chamber of Commerce Zambia (BCCZ) Commends Government On Improved Investment Climate
• DRC: Here are the Five Provinces that Produced More Than 75% of Artisanal Gold in the First Half of 2022
• Epiroc to Acquire AARD Mining Equipment
• Artisanal Gold Mining at the Center of Exchanges Between Godard Motemona and the Provincial Ministers of South Kivu, Maniema and the USAID Representative
• Gold Hits 1-Month Low as Robust Dollar, Hawkish Powell Dent Appeal

• DRC’s Total Sum of Exports of “3T” Tin Products in the First Half of 2022 is Estimated at 347,878,393.64 USD
• DRC: In the First Half Of 2022, Copper-Cobalt Production is Estimated at 1,144,965.75 Tonnes of Copper, 61,774.64 Tonnes of Cobalt and 6,374.73 Tonnes of Zinc
• The Development of North Ubangi at the Centre of Exchanges Between the Governor and Minister of Mines- DRC
• Fortescue JV Signs Exploration Agreement for Belinga Project in Gabon
• In the Second Quarter of 2022, TFM Produced 62,952 Tonnes of Copper Cathodes and 5,357 Tonnes of Cobalt Metal– DRC

CMOC announced on August 22, 2022, its financial results for the first half of 2022…

China Molybdenum Co (CMOC) announced on Monday, August 22, 2022, its financial results for the first half of 2022, which met the objectives, according to the Chinese firm which has activities in Brazil, Australia, China and the Republic Democratic Republic of the Congo through Tenke Fungurume. As for its mining operations in Katanga, particularly in Lualaba, in the first half of 2022, Tenke Fungurume… Read full details

Expansion of Zambia’s total annual copper production remains a challenge…

Expansion of Zambia’s total annual copper production remains a challenge as the re-opening date of Mufumbwe’s Kalengwa mine which is believed to have the highest copper ore grades in Zambia remains undecided. North-Western Province Permanent Secretary – PS disclosed that he is yet to meet Moxico Resources Zambia (MRZ), a company which has taken over the running of Kalengwa mine in Mufumbwe District… Read full details

DRC plans to set up, with the Gemcorp Group, a financing facility to guarantee fuel supplies and reduce the cost of the oil subsidy…

With a view to providing a lasting solution to the problem of the rise in the price of petroleum products, the government, through the Ministry of The National Economy, plans to set up, with the Gemcorp Group, a financing facility to guarantee fuel supplies and reduce the cost of the oil subsidy.

It was Nicolas Kazadi, Congolese Minister of Finance, acting as Minister of the Economy, who announce … Read full details

• DRC: Here are the Five Provinces that Produced More Than 75% of Artisanal Gold in the First Half of 2022
• Epiroc to Acquire AARD Mining Equipment
• Artisanal Gold Mining at the Center of Exchanges Between Godard Motemona and the Provincial Ministers of South Kivu, Maniema and the USAID Representative
• Gold Hits 1-Month Low as Robust Dollar, Hawkish Powell Dent Appeal

Hon. Elisha Matambo undertook a familiarisation tour of Kagem Mine in Lufwanyama District…

LUFWANYAMA, ZAMBIA – The Copperbelt Province Minister Hon. Elisha Matambo undertook a familiarisation tour of Kagem Mine in Lufwanyama District recently. The minister, who was accompanied by the Copperbelt Province Permanent Secretary Augustine Kasongo and other officials, was impressed with Gemfields’ investment in the emerald mine and applauded its management’s professionalism… Read full details

The jump is mostly on the back of an astonishing 8-fold rise in the price of lithium over the period…

Elon Musk had plenty of advice for the mining and metals industry at the company’s Battery Day event in September 2020, where the road map to a $25,000 Tesla was laid out. A couple of days after the event Musk confirmed in a tweet that Tesla will reach production of 20 million vehicles per year “probably before 2030.” Tesla has been ramping up output at an impressive pace despite lockdowns… Read full details