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FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3  1 Mining in Zambia Copper Economy 

FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3 

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First Quantum Minerals (FQM) has reported a 13 percent increase in copper production for the third quarter of this year, accompanied by a doubling of income tax payments globally. Production at the company’s Kansanshi mine in Solwezi rose to 49,810 tonnes of copper up 20 percent or 8,303 tonnes compared with the previous quarter, while its Sentinel mine in Kalumbila produced 58,412 tonnes, up 9 percent or 4,817 tonnes compared with the second quarter of 2024. “While it is pleasing to see continued strong operational performance from the Zambian operations… Read More Here
CKM NEWSLETTER 28-10-2024 2 Uncategorized 

CKM NEWSLETTER 28-10-2024

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                          The DRC & ZMB’s Top Mining News Platform Mining Stories to Kick Start Your Week       The Ministry of Mines and Minerals Development, and the Zambia Chamber of Mines have expressed their support for the Geological and Minerals Development Bill 2024… The Government of Zambia, through the Ministry of Mines and Minerals Development, and the Zambia Chamber of Mines have expressed their support for the Geological and Minerals Development Bill 2024. This announcement follows a… Read More Here
GECAMINES Advances Mining Transparency with Secure Certificate Initiative 22 Mining in DRC Corporate News 

GECAMINES Advances Mining Transparency with Secure Certificate Initiative

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GECAMINES, a cornerstone of the mining sector in the Democratic Republic of Congo (DRC), has entered a new phase in securing its operations by obtaining the first secure certificates for its mining titles. The formal presentation of these certificates took place on Friday, October 18, 2024, in Kinshasa, conducted by the Mining Registry (CAMI). During the event, Guy Robert Lukama, Chairman of the Board of Directors of GECAMINES, received the certificates from Popol Mabolia Yenga, the Director General of CAMI. This initiative is part of the implementation of tamper-proof certificates… Read More Here
Zambia Backs Geological and Minerals Development Bill 2024 23 Mining in Zambia Copper 

Zambia Backs Geological and Minerals Development Bill 2024

Constance
The Government of Zambia, through the Ministry of Mines and Minerals Development, and the Zambia Chamber of Mines have expressed their support for the Geological and Minerals Development Bill 2024. This announcement follows a high-level stakeholder engagement meeting held last week. The event, organized under the Public Private Dialogue Forum (PPDF), brought together representatives from the Chamber of Mines, the Mine Suppliers Association, civil society organizations, chambers of commerce, multilateral organizations, the diplomatic community, and policy think tanks to review and discuss the Bill. Both the Ministry and the Chamber… Read More Here
China State Construction Engineering to Support Kinshasa Expansion Project 24 Mining in DRC Infrastructural Development 

China State Construction Engineering to Support Kinshasa Expansion Project

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The Chinese state-owned company, China State Construction Engineering, has pledged its support for the Kinshasa city expansion project. This commitment was made during a meeting between Governor Daniel Bumba and a delegation from the firm on Tuesday, October 22, 2024, at the Hilton Hotel. This urbanization initiative aims to alleviate congestion in the Congolese capital and significantly reduce traffic and sanitation issues. The project designates 486 square kilometers for the development of a new city, representing approximately 5% of Kinshasa’s total area. Kinshasa authorities have selected China State Construction Engineering… Read More Here
Prime Minister Judith Suminwa Urges Congolese Diaspora to Support National Development 25 Mining in DRC Governance 

Prime Minister Judith Suminwa Urges Congolese Diaspora to Support National Development

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Prime Minister Judith Suminwa Tuluka has called on the Congolese diaspora to play an active role in the development of the Democratic Republic of Congo. During her visit to Brussels, she emphasized the importance of integrating the concerns of expatriates into national public policies. “I left Belgium 27 years ago, and I never imagined that I would one day return as Prime Minister. This sentiment resonates with many. While some may view this role as an honor or a source of pride, for me, it is a heavy responsibility. I… Read More Here
Montage Gold Secures $825 Million for Construction of Côte d'Ivoire's Largest Gold Mine 26 Gold International New Mining Projects 

Montage Gold Secures $825 Million for Construction of Côte d’Ivoire’s Largest Gold Mine

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Montage Gold has successfully raised $825 million in Côte d’Ivoire to finance the construction of the country’s largest gold mine, which is expected to achieve an annual production capacity of 301,000 ounces during its first eight years of operation. This project is set to significantly bolster gold production in Ivory Coast in the long term. In a press release dated October 24, 2024, Montage announced that the funding was secured through a combination of loans and advance sales of future gold production. This financing involved collaboration with one of its… Read More Here
Maniema Province Ushers in New Era with Oil Tax Agreement 27 Mining in DRC Oil & Gas Petroleum 

Maniema Province Ushers in New Era with Oil Tax Agreement

Constance
A new era is emerging for Maniema Province following a significant development on Monday, October 21. Oil companies and the provincial government signed a historic memorandum of understanding to establish a conventional tax on petroleum products. This tax, set at 300 Congolese francs per liter, aims to fund ambitious projects to improve the province’s infrastructure. The revenue generated from this tax will be allocated to road infrastructure projects, enhance public services, and stimulate the local economy. The decision, reached after extensive negotiations, was met with enthusiasm from all stakeholders. During… Read More Here
DRC Govt Addresses Foreign Presence in Mining Areas Amid Recent Arrests 28 Mining in DRC 

DRC Govt Addresses Foreign Presence in Mining Areas Amid Recent Arrests

Constance
The presence and movement of foreigners in mining sites were key topics during the eighteenth meeting of the Council of Ministers, held on Friday, October 18, 2024. In his remarks, Head of State Félix-Antoine Tshisekedi highlighted concerns regarding illegal foreign operations in the country’s mining regions. The President pointed out that, despite the liberalization of the mining sector—enshrined in the Mining Code—foreign operators must comply with legal regulations. He stated, “The abandonment of the ban on the movement of foreigners in mining areas should not be interpreted as a lack… Read More Here
Rawbank Partners with ARSP to Boost Funding for 20,000 SMEs in DRC 29 Mining in DRC Economy 

Rawbank Partners with ARSP to Boost Funding for 20,000 SMEs in DRC

Constance
RAWBANK CEO Mustafa Rawji is leveraging the expertise of the Private Sector Subcontracting Regulatory Authority (ARSP) to reach 20,000 small and medium-sized enterprises (SMEs) that will benefit from the $200 million allocated by the financial institution. He made this announcement during a working session held at the ARSP. “Rawbank is seizing an opportunity to create substantial wealth and expand SMEs in the DRC, particularly in the mining sector and other industries regulated by the ARSP. Traditionally, banks have focused on financing large companies, but we recognize the urgent need to… Read More Here

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