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CNMC to Invest $1.5 Billion in Luanshya Copper Mines Expansion and New Samba Project 20 Mining in Zambia Copper 

CNMC to Invest $1.5 Billion in Luanshya Copper Mines Expansion and New Samba Project

Constance
China Non-ferrous Mining Corporation Limited (CNMC) has announced plans to invest nearly $1.5 billion to rehabilitate and expand operations at Luanshya Copper Mines in Zambia. This major investment aims to increase production and modernize the mining facilities, supporting Zambia’s growing copper industry. The dewatering of Shaft 28, a critical step in the mine’s rehabilitation, is expected to be completed by the end of 2025, according to CNMC. Additionally, CNMC Chairperson Wen Gang stated the company’s interest in developing a new mining site, named Samba Mines, which will further boost Zambia’s… Read More Here
New Maptek platform for automation and orchestration for strategic decision making 21 International Technology & Innovation 

New Maptek platform for automation and orchestration for strategic decision making

Constance
On the back of successful demonstrations at MINExpo International in Las Vegas in September, Maptek is excited to announce that its Maptek Vestrex ecosystem for automation and orchestration is open for early access customers. Vestrex creates extraordinary value by making connections between diverse data sources without constraints of product, application, process or format. Data in the cloud encourages stakeholders across mining roles, teams and organisations to collaborate and explore new use cases for their technical data beyond traditional applications. Automation streamlines operations through real-time data and process integration, and accelerates… Read More Here
Corks pop in Joburg to celebrate SRK’s 50-year legacy 22 Events & Expos 

Corks pop in Joburg to celebrate SRK’s 50-year legacy

Constance
As part of the group’s global 50th anniversary celebrations, SRK Consulting South Africa held a sparkling commemoration event at the Wanderers Club in Johannesburg last month – with memories and inspiration from local and overseas dignitaries. The memorable occasion brought together clients, industry participants, current and former SRK leaders, and members of the media to reflect on the groundbreaking journey of SRK’s last five decades. The evening’s high-profile speakers looked back on the legacy of SRK’s founders and looked ahead to the bright future this heritage promised. In a heartfelt… Read More Here
DRC Advances Local Content Law with New Subcontracting Guide 23 Mining in DRC Governance 

DRC Advances Local Content Law with New Subcontracting Guide

Constance
The recent signing of the Sectoral Guide on Subcontracting marks a major step forward in the Democratic Republic of Congo’s efforts to implement the Local Content Law, which is currently in development. This new guide aims to streamline the application of legal texts governing subcontracting across key sectors of the national economy. After months of collaborative work between the Agence de Régulation de la Sous-Traitance dans le Secteur Privé (ARSP) and the Federation of Congolese Enterprises (FEC), representatives from both organizations officially signed the validation report of the subcontracting sectoral… Read More Here
MIBA Faces Major Revival Challenges Amid Diamond Production Halt and Financial Struggles 24 Diamond Mining in DRC 

MIBA Faces Major Revival Challenges Amid Diamond Production Halt and Financial Struggles

Constance
The situation at Société Minière de Bakwanga (MIBA), a major mining company in Kasaï-Oriental province, remains critical. According to the latest data from the Cellule Technique de Coordination et de Planification Minière (CTCPM) within the Congolese Ministry of Mines, MIBA did not produce any diamonds in the second quarter of 2024 (April to June). In stark contrast, Société Anhui Congo d’Investissement (Sacim), another diamond producer in the region, reported over 873,000 carats produced during the same period, accounting for nearly 98% of the region’s industrial output, according to the Ministry.… Read More Here
Zambia Launches Construction of Gold Mining Centers in Rufunsa and Mumbwa 25 Gold Mining in Zambia 

Zambia Launches Construction of Gold Mining Centers in Rufunsa and Mumbwa

Constance
The construction of Zambia’s first two Gold Mining Centers in the Rufunsa and Mumbwa districts is now underway, with completion targeted for the end of this year. Mines and Minerals Development Minister Paul Kabuswe announced that the government has appointed Zamgold Limited as the official gold aggregator, responsible for purchasing gold from newly formalized gold markets. This initiative aims to regulate the sector and promote legal trade. In his statement to the National Assembly, Mr. Kabuswe highlighted that the establishment of these centers is a key step toward reducing illegal… Read More Here
Arc Minerals Discovers Copper at All Drilled Targets in Zambia JV with Anglo American 26 Mining in Zambia Copper Drilling 

Arc Minerals Discovers Copper at All Drilled Targets in Zambia JV with Anglo American

Constance
London-listed Arc Minerals has reported copper mineralization at each target drilled on its joint venture (JV) copper project with Anglo American in Zambia. The companies have identified priority targets for further investigation, and drilling is set to continue through Zambia’s rainy season. One high-priority target near Muswema has been elevated in importance due to its alteration mineralogy, which is similar to known deposits in the Domes region of the Zambian Copperbelt. Visible copper mineralization has been observed in core samples, according to Arc’s chairperson, Nick von Schirnding. Samples have been… Read More Here
DRC's 2025 Finance Law Faces Risks from Mining and Oil Price Volatility 27 Mining in DRC Economy 

DRC’s 2025 Finance Law Faces Risks from Mining and Oil Price Volatility

Constance
Price volatility in copper, cobalt, gold, and oil could jeopardize the DRC’s 2025 Finance Law, now under parliamentary review. According to draft law document 8, shifts in global commodity prices may lead to budget imbalances, given that mining and hydrocarbons constitute nearly all of the DRC’s exports. From 2019 to 2023, copper, cobalt, and gold dominated exports, accounting for 70.25%, 16.87%, and 6.74% of mining products, respectively. In 2022, almost 50% of government revenues came from mining, driven largely by rising copper, cobalt, and gold prices. This heavy reliance on… Read More Here
DRC Diamond Production Sees 27% Growth in Early 2024 Driven by Artisanal Mining 28 Diamond Artisanal mining Mining in DRC 

DRC Diamond Production Sees 27% Growth in Early 2024 Driven by Artisanal Mining

Constance
Diamond production in the Democratic Republic of Congo (DRC) remains primarily artisanal, according to recent provisional data from the Ministry of Mines’ Technical Unit for Coordination and Mining Planning (CTCPM). In the first half of 2024, artisanal mining operations produced 3,319,025 carats, accounting for nearly 68% of the country’s total diamond output. Kasaï-Oriental province reaffirmed its position as the leading artisanal diamond producer, contributing almost 99% of the sector’s production. Industrial mining also saw significant growth, yielding 1,544,190 carats, while semi-industrial mining contributed a modest 1,433 carats. In total, diamond… Read More Here
Zesco Introduces New 7-Hour Daily Power Rationing Schedule in Zambia 29 Mining in Zambia Electricity 

Zesco Introduces New 7-Hour Daily Power Rationing Schedule in Zambia

Constance
Zesco has announced a new power rationing schedule in Zambia, aiming to ensure a consistent 7-hour daily power supply for its customers. The update, shared by Zesco’s Corporate Affairs Department, seeks to improve service reliability by strategically optimizing power imports and maximizing contributions from Independent Power Producers. In its statement, Zesco clarified that while the utility is committed to upholding this schedule, it relies on the availability of imported power and may face unexpected challenges. Should disruptions occur, Zesco will issue real-time updates through SMS, its Facebook page, and other… Read More Here

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