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Caracal Gold Secures Mining License for Kanegele Project in Tanzania 20 International Gold New Mining Projects 

Caracal Gold Secures Mining License for Kanegele Project in Tanzania

Constance
London-listed Caracal Gold has obtained a mining license for its Kanegele project in Tanzania. Caracal’s subsidiary, Tyacks Gold, successfully applied for two mining licenses in December 2023, and the Kanegele project, located within the Nyakafuru area, has now received its first permit. Located in the Lake Victoria Gold Fields, Kanegele lies 140 km southwest of Mwanza, Tanzania’s second-largest city, and benefits from established infrastructure. The Kanegele project encompasses four main deposits—Voyager, Mentelle, Cullen, and Leeuwin—with a Joint Ore Reserve Committee (JORC)-compliant resource estimate of 658,000 oz. Substantial historical mining and… Read More Here
Zimbabwe to Replace US Dollar with Gold-Backed ZiG as Exclusive Legal Tender 21 International Economy 

Zimbabwe to Replace US Dollar with Gold-Backed ZiG as Exclusive Legal Tender

Constance
Zimbabwe’s ruling party, Zanu-PF, has passed a resolution to make the gold-backed ZiG currency the country’s sole legal tender, moving to phase out the US dollar. The resolution, finalized at Zanu-PF’s annual conference, mandates the government to “expedite dedollarization efforts” and prioritize the ZiG currency, though no specific timeline was provided. The ZiG, short for Zimbabwe Gold, marks Zimbabwe’s sixth currency shift in 15 years as an alternative to the US dollar, which remains legal tender until at least 2030 under current law. President Emmerson Mnangagwa has hinted at accelerating… Read More Here
Haut-Katanga Assembly Launches Environmental Probe into MMG Kinsevere Amid Community Concerns 22 Mining in DRC Corporate News 

Haut-Katanga Assembly Launches Environmental Probe into MMG Kinsevere Amid Community Concerns

Constance
Following environmental concerns raised by local communities over MMG Kinsevere’s mining activities, Michel Kabwe Muamba, President of the Haut-Katanga Provincial Assembly, has initiated a joint commission to investigate. On October 28, 2024, Kipushi Territory Administrator Gaunce Bupe Kapalo officially launched the commission’s work, which includes independent experts and representatives of affected parties. “We are here to fulfill our mandate from the Assembly President,” Kapalo said, calling on residents to remain calm as the commission aims for swift findings, expected by Friday. Representing MMG, Charles Kyona, Deputy General Manager for Stakeholder… Read More Here
Prime Minister and Asia Minerals Limited Discuss Manganese Investment in DRC 23 Mining in DRC Battery Metals 

Prime Minister and Asia Minerals Limited Discuss Manganese Investment in DRC

Constance
On Saturday, October 26, 2024, Prime Minister Judith Suminwa Tuluka met with a delegation from Asia Minerals Limited (AML Group), a global mining company, led by President Eric Chung. The company, specializing in manganese mining—particularly in South Africa—expressed strong interest in exploring investment opportunities within the Democratic Republic of Congo’s mining sector. Following the meeting, Eric Chung praised the productive discussions and highlighted the Congolese government’s openness and dedication to mining industry standards. He noted the positive state of relations between Japan and the DRC, which date back to the… Read More Here
FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3  24 Mining in Zambia Copper Economy 

FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3 

Constance
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 25 Uncategorized 

CKM NEWSLETTER 28-10-2024

admin
                          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 45 Mining in DRC Corporate News 

GECAMINES Advances Mining Transparency with Secure Certificate Initiative

Constance
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 46 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 47 Mining in DRC Infrastructural Development 

China State Construction Engineering to Support Kinshasa Expansion Project

Constance
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 48 Mining in DRC Governance 

Prime Minister Judith Suminwa Urges Congolese Diaspora to Support National Development

Constance
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

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