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Swedish Delegation Explores Zambia's Mining Sector & Green Transition at Kansanshi Mine 19 Mining in Zambia Copper 

Swedish Delegation Explores Zambia’s Mining Sector & Green Transition at Kansanshi Mine

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A Swedish delegation, led by Sweden’s Ambassador to Zambia, Johan Hallenborg, toured First Quantum Minerals’ subsidiary, Kansanshi Mining Plc, to gain insights into Zambia’s mining sector and the ongoing green transition efforts. With a keen interest in understanding both the challenges and opportunities within Zambia’s mining industry, the Swedish delegation engaged in a series of discussions and briefings during their visit. The primary focus was on sustainability practices and environmental stewardship initiatives being implemented by Kansanshi Mine. Kansanshi Mine Assistant General Manager Axel Kottgen led the delegation through a detailed… Read More Here
DRC Hydrocarbons Minister Addresses SEP Financial Challenges 20 Mining in DRC Economy 

DRC Hydrocarbons Minister Addresses SEP Financial Challenges

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Didier Budimbu, the Minister of Hydrocarbons in the Democratic Republic of Congo (DRC), discussed the recent developments surrounding the Société des Pétroles (SEP) in an interview with Radio Okapi. He shed light on the company’s decision to scale back operations due to financial constraints, primarily stemming from delayed payments by the government. Minister Budimbu reassured the public that steps were being taken to address the financial issues facing SEP and other oil companies. He mentioned progress made in settling a portion of the debt owed to these companies, with SEP… Read More Here
Kenyan President Hails Zimbabwe's Gold-Backed Currency as Economic Boon 21 International Economy 

Kenyan President Hails Zimbabwe’s Gold-Backed Currency as Economic Boon

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Kenyan President William Ruto recently commended Zimbabwe’s new gold-backed currency, ZiG, expressing optimism about its potential to drive economic recovery in the southern African nation. During his address at an international trade fair in Bulawayo, Ruto lauded the introduction of ZiG as a bold move by the Zimbabwean government to rejuvenate the economy amid numerous challenges and pressures, as reported by Bloomberg. Ruto emphasized the significant impact of Zimbabwe’s vast reserves of copper, lithium, gold, platinum, silver, and other precious metals on the nation’s wealth. He highlighted the importance of… Read More Here
Uganda's Gold Exports Surge, Overcoming Tax Disputes 22 International Gold 

Uganda’s Gold Exports Surge, Overcoming Tax Disputes

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Uganda’s Ministry of Finance recently revealed that gold has reclaimed its position as the country’s primary export. Over the past 12 months leading up to February, the gold trade contributed to 37% of Uganda’s total export revenues. This resurgence follows a period of disruption caused by tax disputes, which reportedly cost Uganda Ush600 billion ($160.77 million). Initially, tax issues had significantly hindered Uganda’s gold trade, which accounts for a substantial 44% of the nation’s export income, as reported by the Bank of Uganda. However, after nearly a year of interruption… Read More Here
Invictus Energy Signs MoU to Power Zimbabwe’s Eureka Gold Mine 23 International Gold Mining Projects 

Invictus Energy Signs MoU to Power Zimbabwe’s Eureka Gold Mine

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Independent upstream oil and gas company Invictus Energy signed a Memorandum of Understanding (MoU) with energy firm Himoinsa Southern Africa Proprietary Limited and mining company Dallaglio Investments Pvt Ltd. for the development of a gas-to-power project to supply electricity to Eureka Gold Mine in Zimbabwe. Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel the proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. Electricity generated from the plant will be transmitted via the national grid to power operations at Dallaglio Investments’ Eureka Mine, located 50km away… Read More Here
SkyPower Global and ZESCO Sign Landmark 1000 MW Power Purchase Agreement in Zambia 24 Mining in Zambia Copper Electricity 

SkyPower Global and ZESCO Sign Landmark 1000 MW Power Purchase Agreement in Zambia

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SkyPower Global, a renowned leader in large-scale solar energy solutions, and Zambia Electricity Supply Corporation (ZESCO) have sealed a groundbreaking 1000 MW Power Purchase Agreement (PPA). This significant milestone is a cornerstone of Zambia’s Integrated Renewable Energy Plan, aimed at substantially boosting the nation’s renewable energy capacity to foster sustainable growth. Zambia’s President, Hakainde Hichilema, hailed the Green Giant Zambia project as a vital component of the country’s renewable energy strategy, especially amidst the current climate-induced drought. The initiative seeks to ramp up Zambia’s renewable capacity to meet present and… Read More Here
Bringing simplicity to technological innovation in the mining industry - Kuchera GmbH 25 Technology & Innovation Mining technology Sponsored Content 

Bringing simplicity to technological innovation in the mining industry – Kuchera GmbH

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There’s no argument that the mining industry needs more innovative solutions if we are to keep pace with the increasing demand for minerals, legislative developments and the decreasing number of people working in the industry. But, it’s something we’ve been talking about as an industry for decades, and having visited several mines since founding Kuchera in 2022, Kumbirai Chipadza, their Chief Marketing Officer, has noticed that everyone still relies heavily on pen-and-paper practices. On a visit to a mining company, the Kuchera team met a CFO who used a picture… Read More Here
DRC Raises Concerns with Apple Over Alleged Use of Conflict Minerals 26 Mining in DRC Tin 

DRC Raises Concerns with Apple Over Alleged Use of Conflict Minerals

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The Democratic Republic of Congo (DRC) has conveyed apprehensions to Apple Inc. regarding the potential presence of conflict minerals sourced from the country within the tech giant’s supply chain. International lawyers representing the Congolese state submitted inquiries to Apple on April 22, expressing concerns about the origin of minerals like tin, tungsten, and tantalum, collectively known as 3T minerals, as reported by Bloomberg. This development follows a recent US court ruling that cleared several tech companies, including Apple, of child labor charges in cobalt mines across Africa. In a statement… Read More Here
Vale CEO Confirms Minas-Rio Project Unaffected by BHP's Bid for Anglo American 27 International 

Vale CEO Confirms Minas-Rio Project Unaffected by BHP’s Bid for Anglo American

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During a conference call on Thursday, Vale SA’s CEO, Eduardo Bartolomeu, assured analysts that BHP Group’s bid for Anglo American would have no impact on Vale’s Minas-Rio project. Bartolomeu emphasized that the ongoing project under Anglo American’s management would be respected regardless of any future developments. Responding to inquiries about potential interest in Anglo’s assets, Bartolomeu stated that while Vale would indeed be interested, the company currently prioritizes internal projects over external acquisitions. “We don’t see any impact on the Minas-Rio deal. It’s being done, of course, by Anglo and… Read More Here
South Africa scrutinizes BHP bid for Anglo weeks before election 28 International Copper 

South Africa scrutinizes BHP bid for Anglo weeks before election

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South Africa’s government is scrutinizing BHP Group’s proposed deal to buy Anglo American, a spokesperson said, with the deal likely to concern officials the coming weeks before a general election where the governing party’s majority is at risk. The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in South Africa. It could trigger large capital outflows and further dent the country’s reputation as a destination for mining investment. Anglo’s potential exit would mark the end of an era for a company founded in… Read More Here

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