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Zambia Sees Growth in Urban Electricity Access, Report Shows 20 Mining in Zambia Electricity 

Zambia Sees Growth in Urban Electricity Access, Report Shows

Constance
Zambia has recorded a significant increase in urban electricity access, according to the 2023 National Energy Access Baseline Survey report. The report reveals that, out of more than 1.5 million households in the country, over 80% now have access to electricity, a notable rise from the 64% recorded in previous surveys. Peter Mumba, Permanent Secretary of the Ministry of Energy, attributed this progress to the ministry’s ongoing initiatives in collaboration with various stakeholders. He highlighted that these efforts have played a crucial role in expanding electricity access across urban areas.… Read More Here
Panama president sees no immediate risk from First Quantum mine 21 International Copper Corporate News 

Panama president sees no immediate risk from First Quantum mine

Constance
Panama’s President Jose Raul Mulino said a government report shows there are no immediate environmental or safety risks from Cobre Panama, the First Quantum Minerals Ltd. copper mine that was shut in 2023. Mulino cited a recent report conducted by the environment ministry, which examined minerals and other materials stored at the site. Mulino said the government will start to study a “conservation plan” for the mine in January. “Right now, there is no irreversible contamination,” Mulino said Thursday. “Even though it doesn’t represent an imminent risk for the country… Read More Here
Bank of Zambia Announces Plan to Phased Out Cheques by 2026 22 Mining in Zambia Economy 

Bank of Zambia Announces Plan to Phased Out Cheques by 2026

Constance
The Bank of Zambia (BoZ) has unveiled a comprehensive plan to phase out the use of bank cheques nationwide, with the final discontinuation scheduled for June 24, 2026. This major decision comes in response to an 80% decline in cheque transactions over the past decade. In an official statement, the BoZ cited the rapid rise of electronic payment methods and growing concerns over security as key factors driving the transition. The bank pointed out that cheques are highly susceptible to fraud, including forgery, alteration, theft of cheque books, and unauthorized… Read More Here
DRC President Announces $50 Million Investment to Revive MIBA Mining Company 23 Mining in DRC Corporate News New Mining Projects 

DRC President Announces $50 Million Investment to Revive MIBA Mining Company

Constance
The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, has announced a $50 million investment to revive the struggling Bakwanga Mining Company (MIBA). The announcement was made on Thursday, December 26, 2024, during his visit to Mbuji-Mayi, the capital of Kasaï Oriental province, as part of his ongoing tour of the country’s provinces. Amidst a warm welcome from the local population, President Tshisekedi emphasized the importance of strict oversight in the use of these funds to ensure the revitalization of MIBA, which has faced decades of financial challenges.… Read More Here
DRC Coltan Exports Surge Despite M23 Rebel Group's Control in North Kivu 24 Mining in DRC 

DRC Coltan Exports Surge Despite M23 Rebel Group’s Control in North Kivu

Constance
Exports of coltan (tantalum concentrate) from the Democratic Republic of Congo (DRC) reached 265.90 tonnes, generating USD 6.76 million during the first quarter of 2024, according to provisional data released by the Ministry of Mines. The Haut-Katanga region leads the country’s coltan exports, with 99.64 tonnes valued at USD 1.83 million. South Kivu follows closely with 67.40 tonnes, worth USD 1.73 million, while Tanganyika ranks third with 58.80 tonnes, generating USD 1.86 million. North Kivu, where the M23 rebel group continues to destabilize the region, ranks fourth with 40.06 tonnes… Read More Here
Congolese Mining Sector Boosted by Rising Tin and Gold Prices 25 Mining in DRC Gold Tin 

Congolese Mining Sector Boosted by Rising Tin and Gold Prices

Constance
The Congolese mining sector is experiencing a significant revival, driven by the recent surge in the price of tin on international markets. According to the latest data from the National Commission of Mercuriales within the Ministry of Foreign Trade, the price of a tonne of tin reached $29,306 USD during the week of December 23–28, 2024. This marks a 1.06% increase compared to the previous week. The Commission’s report also highlights that the price of tin stood at $28,998 USD per tonne during the week of December 16–22, 2024, reflecting… Read More Here
DRC Diamond Exports Continue Strong Performance in Early 2024 26 Diamond Economy Mining in DRC 

DRC Diamond Exports Continue Strong Performance in Early 2024

Constance
In the first quarter of 2024, the Democratic Republic of Congo (DRC) reported diamond exports totaling 1,970,188.55 carats, generating revenues of USD 17.96 million, according to the Technical Cell for Coordination and Mining Planning (CTCPM). This underscores the DRC’s sustained significance in the global diamond industry. The primary markets for Congolese diamonds remain Belgium and the United Arab Emirates, both of which play pivotal roles in the international diamond trade. Belgium, historically a key diamond trading hub, imported 890,005.74 carats, valued at USD 7.28 million. Of these exports, industrial diamonds… Read More Here
Sibanye-Stillwater Secures $500 Million Streaming Deal with Franco-Nevada 27 International Corporate News 

Sibanye-Stillwater Secures $500 Million Streaming Deal with Franco-Nevada

Constance
Multinational metals and mining group Sibanye-Stillwater has finalized a $500-million streaming agreement with Franco-Nevada (Barbados) Corporation, a subsidiary of Franco-Nevada Corporation. The deal grants Franco-Nevada access to gold and platinum streams from Sibanye-Stillwater’s Marikana, Kroondal, and Rustenburg operations in South Africa, in exchange for an upfront payment of $500 million. Under the terms of the agreement, Sibanye-Stillwater will deliver: Sibanye-Stillwater will also receive a production payment equal to 5% of the spot price of the respective metals during the initial delivery periods, increasing to 10% for gold once 237,000 ounces… Read More Here
Midnight Sun Secures License Renewal for Solwezi Copper Project in Zambia 28 Mining in Zambia Copper New Mining Projects 

Midnight Sun Secures License Renewal for Solwezi Copper Project in Zambia

Constance
Midnight Sun Mining Corp. (TSXV: MMA) announced Monday the renewal of the exploration license for Kazhiba, a key target area within its flagship 506-sq.-km Solwezi copper project in Zambia. The project is located just 10 km from the Kansanshi mine, Africa’s largest copper mining complex, operated by First Quantum Minerals (TSX: FM). Midnight Sun has an exploration agreement with First Quantum to develop the area. The Zambian government recently rectified an earlier error in rejecting the license renewal for Kazhiba. This resolution removes any doubts about the project’s future. “The… Read More Here
Gemfields Warns of Potential Disruptions at Mozambique Ruby Mine Amid Rising Unrest 29 International Gemstones 

Gemfields Warns of Potential Disruptions at Mozambique Ruby Mine Amid Rising Unrest

Constance
Gemfields Group announced on Tuesday that disruptions could affect operations at its largest ruby mine in Mozambique, following escalating unrest tied to October’s disputed election. The violence, which includes protests from opposition groups claiming election fraud, has resulted in significant unrest, particularly after Mozambique’s top court confirmed the victory of the ruling Frelimo party on Monday. According to civil society group Plataforma Decide, at least 130 people have been killed in clashes with police. Foreign mining operations in Mozambique, including those of South32, have also been impacted by the unrest.… Read More Here

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