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Tanzania Seeks to Import 100MW of Ethiopian Power via Kenya 1 Electricity International 

Tanzania Seeks to Import 100MW of Ethiopian Power via Kenya

Constance
Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has confirmed receiving an application from Tanzania to import 100 megawatts of electricity from Ethiopia using Kenya’s transmission network. EPRA Director General Daniel Kiptoo stated that the request involves a collaboration between Ethiopia Electric Power, Kenya Electricity Transmission Company (KETRACO), and Tanzania Electric Supply Company Limited (TANESCO). He added that the application is under review, with a final decision expected by the end of March after evaluating its technical and economic feasibility. “We are currently assessing both the technical and economic aspects. The… Read More Here
AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC 2 Mining in DRC Battery Metals Corporate News Lithium 

AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC

Constance
Australia’s AVZ Minerals has secured a legal victory against the Democratic Republic of Congo (DRC) and China’s Zijin Mining in a dispute over rights to the Manono lithium mine. The company is now in talks with U.S. investors to secure funding for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) has ordered DRC’s state-owned mining company, Cominiere, to pay a €39.1 million penalty for failing to comply with previous rulings preventing it from terminating its joint venture with AVZ. AVZ initially held the permit… Read More Here
Shuka Minerals Nears Completion of Kabwe Zinc Mine Acquisition in Zambia 3 Mining in Zambia Mergers & Acquisitions New Mining Projects Zinc 

Shuka Minerals Nears Completion of Kabwe Zinc Mine Acquisition in Zambia

Constance
AIM-listed Shuka Minerals has secured nearly all regulatory approvals for its acquisition of Leopard Exploration and Mining, which includes Zambia’s Kabwe zinc mine. Only one approval remains outstanding from Zambia’s Competition and Consumer Protection Commission, which Shuka expects to receive in the second quarter. In December, the company signed a conditional share purchase agreement to acquire 100% of Leopard’s share capital through a cash-and-share transaction. The acquisition was initially set to close by March 13, pending regulatory approvals and the successful completion of a debt or equity capital raise. However,… Read More Here
Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension 4 International Corporate News Gold 

Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension

Constance
Barrick Gold remains “fully engaged and committed to reaching a mutually beneficial resolution” with the Malian government to settle an ongoing dispute over its mining assets, according to a memo from Sebastiaan Bock, the company’s chief operating officer for Africa and the Middle East, seen by Reuters on Saturday. The dispute, which began in 2023, centers on Mali’s new mining code, which grants the state a larger stake in Barrick’s Loulo-Gounkoto gold mining complex. Tensions escalated when the government seized approximately three metric tons of gold from Barrick’s operations and… Read More Here
China’s Refined Copper Imports Surge as Congo Supply Booms 5 Copper Mining in DRC 

China’s Refined Copper Imports Surge as Congo Supply Booms

Constance
China is set to increase its imports of off-exchange refined copper this year, driven by soaring production in the Democratic Republic of Congo (DRC) and concerns over potential supply disruptions from U.S. scrap restrictions, according to analysts and traders. The surge highlights China’s growing dependence on Congolese refined copper, which now accounts for a significant share of its imports. The DRC, bolstered by years of Chinese investment in mining, has become the world’s second-largest copper producer. Much of its exports to China consist of equivalent grade (EQ) copper—metal that meets… Read More Here
Explorations Manager Career International Copper Exploration New Mining Projects 

BHP to Invest A$40 Million in Botswana Copper Exploration with Cobre

Constance
Mining giant BHP has committed up to A$40 million to explore potential Tier 1 copper-silver deposits in Botswana through a partnership with Australia-listed Cobre. Announced on Monday, the agreement provides funding to advance Cobre’s Kitlanya East and Kitlanya West copper projects, located along the northern and southern basin margins of the Kalahari Copper Belt. Under the earn-in agreement, BHP will invest up to $25 million (approximately A$40 million) in exploration expenditure to acquire a 75% stake in the Kitlanya projects. An initial $5 million will be invested within the first… Read More Here
Botswana Diamonds Expands Exploration with 11 New Prospecting Licences 6 International Exploration New Mining Projects 

Botswana Diamonds Expands Exploration with 11 New Prospecting Licences

Constance
AIM-listed Botswana Diamonds has applied for 11 prospecting licences in Botswana, targeting copper, silver, cobalt, gold, nickel, zinc, and platinum group metals. This move follows the company’s AI-driven exploration programme, which initially focused on diamonds but uncovered hidden polymetallic deposits across the country. The nationwide AI exploration initiative began with a focus on diamonds. However, during data analysis, it became evident that the technology could also identify undiscovered polymetallic targets. “Our analysis has revealed a series of promising targets in copper, cobalt, zinc, and gold,” said chairperson John Teeling. “We… Read More Here
DRC’s Copper Exports Hit Record 3.1 Million Tonnes in 2024 7 Mining in DRC Copper Economy 

DRC’s Copper Exports Hit Record 3.1 Million Tonnes in 2024

Constance
For the first time in its mining history, the Democratic Republic of Congo (DRC) exported a record 3.1 million tonnes of copper in 2024, according to a March 6 report from the Congolese Ministry of Mines. This represents a 13% increase from 2023, driven by strong performances from the country’s largest copper mines. Key Contributors to Growth Copper exports from the DRC could grow further in 2025, supported by a 3.7% increase in global demand, as forecasted by Commodity Insights. Additionally, the CRU Group estimates that the DRC’s copper output… Read More Here
DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum 8 Mining in DRC Corporate News 

DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum

Constance
The anti-corruption platform “Congo is Not for Sale” (CNPAV) is set to host a high-level forum on March 14, 2025, at the Cercle de Kinshasa in Gombe. The event will evaluate the implementation of Amendment 5 to the Sicomines Convention, signed one year ago between the Democratic Republic of Congo (DRC) and its Chinese partners. In 2008, the DRC signed a “Minerals for Infrastructure” deal with a consortium of Chinese companies, establishing the Sicomines project. While initially presented as a mutually beneficial partnership, the agreement has faced widespread criticism, particularly… Read More Here
Barrick International Gold 

UK Court Orders Barrick Gold to Pay $2 Million to Ian Hannam’s Firm

Constance
LONDON – Canada’s Barrick Gold has been ordered to pay $2 million plus expenses to British dealmaker Ian Hannam’s firm, Hannam & Partners, for its role in the 2018 acquisition of gold miner Randgold Resources, London’s High Court ruled on Wednesday. Hannam, a former top banker at JPMorgan, earned the nickname “king of mining” for brokering major resource sector deals, including the 2001 merger that created BHP Billiton and the 2012 Glencore-Xstrata merger. Hannam & Partners sued Barrick over an alleged agreement made before the Randgold acquisition, claiming it was… Read More Here

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