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DRC Achieves Milestone with First Local Export of Germanium Concentrate 20 Mining in DRC 

DRC Achieves Milestone with First Local Export of Germanium Concentrate

Constance
The Democratic Republic of Congo (DRC) is set to make its first export of locally processed germanium concentrate, produced in Lubumbashi by Société Terril de Lubumbashi (STL), a subsidiary of Gécamines. Germanium is a strategic metal crucial for various high-tech applications, including aerospace, optical technologies, and space exploration. According to a press release from Gécamines obtained by DESKECO, the inaugural batch of concentrated germanium will be shipped this week to Umicore, a Belgium-based mining company, for further processing and utilization in advanced technological applications. Previously, STL relied on a refiner… Read More Here
DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection 21 Mining in DRC Copper 

DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection

Constance
During a recent Council of Ministers meeting in Kinshasa, the Minister of Mines emphasized the necessity for the Congolese government to participate in the selection of buyers for Kamoa Copper. This mining company, located 25 kilometers west of Kolwezi in the Mutshatsha territory of Lualaba province, is recognized by international mining consultant Wood Mackenzie as the largest undeveloped high-grade copper discovery in the world. The Democratic Republic of Congo (DRC) is Africa’s leading copper producer and ranks fifth globally, contributing 5% of total world production. The Kamoa mine is notable… Read More Here
ZEMA Approves 116 Projects Worth $1.91 Billion to Boost Zambia's Development 22 Mining in Zambia 

ZEMA Approves 116 Projects Worth $1.91 Billion to Boost Zambia’s Development

Constance
The Zambia Environmental Management Agency (ZEMA) has approved 116 projects with a total investment value of approximately $1.91 billion during its ninth sitting in September 2024. Out of 121 projects considered, this approval signifies a substantial boost for Zambia’s development across various sectors. The mining and mineral processing sector led the way with 46 approved projects, reflecting Zambia’s ongoing focus on resource extraction and processing. The manufacturing and processing sector followed closely with 29 approved projects, while the energy sector secured third place with 24 projects. Other sectors, including infrastructure… Read More Here
Zambia Launches Outward Trade Mission to Boost Relations with DRC 23 Mining in Zambia Economy Mining in DRC 

Zambia Launches Outward Trade Mission to Boost Relations with DRC

Constance
The Zambia Outward Trade Mission to the Democratic Republic of Congo (DRC) officially commenced in Lubumbashi on October 17, marking a significant step towards enhancing trade relations between the two neighboring countries. The Zambian government has reiterated its commitment to supporting local businesses in accessing new export markets for their products and services. During the event, Lillian Bwalya, Permanent Secretary of the Ministry of Commerce, Trade and Industry, represented the government and emphasized the importance of building long-term networks to foster trade and investment between Zambia and the DRC. “The… Read More Here
Gecamines Bids for Chemaf Resources Amid Ongoing Controversy Over Chinese Sale 24 Mining in DRC Cobalt Copper 

Gecamines Bids for Chemaf Resources Amid Ongoing Controversy Over Chinese Sale

Constance
The Democratic Republic of Congo’s state-owned miner, Gecamines, has submitted a bid for Chemaf Resources Ltd.’s unit in the country. This move comes months after Gecamines announced its intention to block a previous deal that would sell the copper and cobalt miner to a Chinese investor. Chemaf, which is backed by Trafigura Group, spent nine months searching for a buyer before announcing a sale to China’s Norin Mining Ltd. in June. Although Chemaf is still working to finalize that deal, it has faced opposition from the government and Gecamines, which… Read More Here
Peru’s August copper output jumps 11% after five-month decline 25 International Copper 

Peru’s August copper output jumps 11% after five-month decline

Constance
Peru’s copper production rose by 10.7% in August compared to a year earlier, reaching the highest level of any month this year, the Andean nation’s energy and mines ministry said on Wednesday, though accumulated output remained below 2023 levels. The monthly increase follows five months of consecutively lower year-on-year output. August’s production landed at 246,568 metric tons, bringing the accumulated output from January through August to 1.76 million metric tons, 0.7% less than in the same period in 2023, the ministry said. Peru, the world’s third largest copper producer, produced… Read More Here
Barrick Gold Reports Lower Q3 Production Amid Challenges at Nevada Mines 26 Gold International 

Barrick Gold Reports Lower Q3 Production Amid Challenges at Nevada Mines

Constance
Barrick Gold reported lower-than-expected gold production in the third quarter, attributed to a decline in output at its Carlin and Cortez mines in Nevada, the Canadian miner announced on Wednesday. The Carlin and Cortez mines are part of Nevada Gold Mines, a joint venture between Barrick and U.S.-based Newmont. Total gold output at Nevada Gold Mines decreased to 385,000 ounces in the July-September quarter, down from 401,000 ounces in the previous three months. Despite the decline, Barrick, the world’s second-largest gold producer, anticipates a “materially stronger fourth quarter.” The completion… Read More Here
Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges 27 Mining in Zambia Corporate News Corporate social responsibility 

Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges

Constance
Mining services provider Makor Resources and Jubilee Metals Zambia have joined forces to support the Zambian government’s efforts in aiding subsistence farmers affected by a recent drought, which has severely impacted agriculture and food security across the country. Ndola District Commissioner Joseph Phiri, along with Makor Resources CEO Brooke Bibeault and Jubilee Metals Zambia MD Ricus Grimbeek, distributed Compound-D and Urea fertilizer, as well as drought-resistant maize seeds, to farmers in Ndola’s Munkulungwe ward. The event, hosted by the Bwana Mkubwa resettled families, was also attended by local leaders, including… Read More Here
Saudi's Manara Minerals Eyes Stake in First Quantum's Zambian Mines 28 Mining in Zambia Copper Mergers & Acquisitions Nickel 

Saudi’s Manara Minerals Eyes Stake in First Quantum’s Zambian Mines

Constance
Saudi Arabia’s Manara Minerals is close to finalizing a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel assets, sources familiar with the matter told Reuters. Manara, a joint venture between Saudi mining company Ma’aden and the $925-billion Public Investment Fund, is in advanced discussions to purchase a 15% to 20% equity share in the Zambian operations. The stake is estimated to be worth between $1.5 billion and $2 billion. First Quantum’s sale of the stake is expected to be completed by year-end, though there… Read More Here
GoviEx Uranium Completes Successful Metallurgical Testwork at Zambia’s Muntanga Project 29 Mining in Zambia Uranium 

GoviEx Uranium Completes Successful Metallurgical Testwork at Zambia’s Muntanga Project

Constance
TSX-V-listed GoviEx Uranium has successfully completed an extensive metallurgical testwork program at Mintek in South Africa, aimed at demonstrating the viability of the heap leach process for its Muntanga project in Zambia. The testwork confirmed that uranium recoveries of 90% or higher were achieved from the main deposits, Muntanga and Dibbwi East, which represent 80% of the measured and indicated resources. Additionally, it showed short recovery times within 20 days, low acid consumption, and fast kinetic rates, supporting the feasibility of small on-off leach pads for the project. The program… Read More Here

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