CKM NEWSLETTER 30-08-2021

DRC is reviewing its $6-billion “infrastructure-for-minerals” deal with Chinese investors

The Democratic Republic of Congo’s (DRC’s) government is reviewing its $6-billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader examination of mining contracts, Finance Minister Nicolas Kazadi told Reuters. President Felix Tshisekedi said in May that some mining contracts could be reviewed because of concerns they are not sufficiently benefiting Congo, which is… Read full article

Read Also; Improving Sino-Congolese Cooperation in The Mining Sector | DRC

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Turning the nation’s economic fortunes around barely a week into the job- Hakainde Hichilema

Zambia’s new president, Hakainde Hichilema, is turning the nation’s economic fortunes around barely a week into the job. The southern African nation’s currency and dollar bonds have surged to become the world’s best performers since he was announced the winner of Aug. 12 elections. His pick of economist Situmbeko Musokotwane as finance minister has gone down well with investors, as have his… Read full article  

Read Also: Tin Price Hits Record Highs at $ 35,955 Per Tonne

12.4% to 15.35% gain as Jubilee effectively secures the missing processing capacity

Mining outfit Jubilee Metals (JLP:AIM) gained 12.4% to 15.35% as it effectively secured the missing processing capacity to take it to the 25,000 tonnes per year of copper production it has been targeting in Zambia. Today’s gain takes the one-year advance for Jubilee shares to nearly 190% as it moves closer to taking full advantage of its opportunities in Zambia. In its own words, Jubilee… Read full article

Group Navodaya had an audience with the Minister of Mines, Antoinette N’SAMBA KALAMBAYI over Kisenge

The members of the company Group Navodaya had an audience with the Minister of Mines, Antoinette N’SAMBA KALAMBAYI. The members of the Navodaya Group were received this Monday, August 23, 2021, by the Minister of Mines, Antoinette N’Samba Kalambayi. This company, which is based in Dubai and operates in the mining sector. The company has already carried out several activities in Africa… Read full article

• Ranked: World’s 10 Biggest Copper Mining Companies
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• Tin Price Hits Record Highs at $ 35,955 Per Tonne

Investigation against China Moly commences at its TFM, DRC Mine

The Democratic Republic of Congo established a commission to ensure China Molybdenum Co. is complying with its contractual obligations regarding the giant Tenke Fungurume copper and cobalt project. The office of President Felix Tshisekedi authorized the investigation earlier this month into CMOC’s mineral reserve data and the financing costs for the project, according to documents seen by…  Read full article

Gecamines in good financial health state, despite Covid 19

The Générale des Carrières et des Mines SA (Gécamines SA) has released its consolidated financial statements for fiscal year 2020. A publication that responds to the principle of transparency and accountability of public companies in the portfolio of the Congolese State. This detailed report shows that the state company is in good financial health these days, despite the health crisis caused by… Read full article

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• Improving Sino-Congolese Cooperation in The Mining Sector | DRC
• Sandvik to Acquire CNC Software
• DRC: Entreprise Générale Du Cobalt Still Not Operational 4 Months After its Official Launch