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Ghanaians Protest Against Illegal Mining, Call for Government Action 20 International Artisanal mining Gold 

Ghanaians Protest Against Illegal Mining, Call for Government Action

Constance
Hundreds of Ghanaians took to the streets for a second consecutive day, urging the government to crack down on illegal mining in the country, which is Africa’s top gold producer. Protesters carried placards demanding action to stop illegal mining, which they blame for polluting rivers and degrading soil across Ghana. A final day of demonstrations is planned for Saturday, according to a Bloomberg report. “This is not just a crisis; it’s a fight for the soul of our nation,” said Brownson Adatsi, lead convener of the Free The Citizens Movement,… Read More Here
President Hichilema Commits to Strengthening Zambia's Mining Sector for Economic Stability 21 Mining in Zambia Economy Events & Expos 

President Hichilema Commits to Strengthening Zambia’s Mining Sector for Economic Stability

Constance
President Hakainde Hichilema has expressed his commitment to growing Zambia’s mining sector to a level where minor shocks will not disrupt the stability of the economy. He emphasized that fluctuations within the mining industry have far-reaching effects on the entire economy. To achieve this goal, the government has set an ambitious target of producing three million tonnes of copper by 2031. During the official opening of the Mining Insaka in Lusaka, President Hichilema highlighted that reaching this target will help the mining sector become more resilient against minor disturbances. The… Read More Here
DRC Targets Companies Sourcing Conflict Minerals from Eastern Region 22 Mining in DRC Gold Tin 

DRC Targets Companies Sourcing Conflict Minerals from Eastern Region

Constance
The Democratic Republic of Congo (DRC) plans to intensify its crackdown on companies sourcing minerals from the conflict-ridden eastern region, where smuggling fuels one of the world’s most severe humanitarian crises. The government has already raised concerns with Apple Inc. regarding the potential connection between its sourcing of metals like tin, tantalum, and gold and the ongoing violence in the DRC. These minerals, vital to the tech industry, are reportedly being smuggled through neighboring Rwanda, according to a Bloomberg report. In April, the DRC alerted Apple to possible conflict minerals… Read More Here
Ivanhoe Mines Reports Q3 2024 Production Results 23 Mining in DRC Copper Press Release 

Ivanhoe Mines Reports Q3 2024 Production Results

Constance
Kamoa-Kakula milled a record 3.3 million tonnes, producing a record 116,313 tonnes of copper in concentrate during Q3, with the Phase 3 concentrator in ramp-up Phase 3 concentrator ramp-up approaching steady-state throughput and recovery as at quarter end Kamoa-Kakula’s 2024 production guidance range adjusted to 425,000 – 450,000 tonnes of copper Kipushi produced 17,817 tonnes of zinc in concentrate during ramp-up in Q3 2024 Kipushi’s 2024 production guidance range lowered to 50,000 – 70,000 tonnes of zinc Kipushi concentrator now achieving recoveries in excess of 90%, as ramp-up continues to… Read More Here
BHP to test Caterpillar’s new energy transfer system on its mining trucks 24 International Mining Equipment 

BHP to test Caterpillar’s new energy transfer system on its mining trucks

Constance
BHP Group said it plans to test US-based equipment manufacturer Caterpillar’s new technology, which transfers energy to diesel-electric and battery-electric large mining trucks while they are working on a mine site. Caterpillar launched its Cat Dynamic Energy Transfer (DET) system earlier this month, saying that the use of this technology would lead to lower operating costs for miners and a reduction in greenhouse gas emissions. The DET system can also charge the batteries of electric trucks while they are under operation, providing extra speed and upgraded efficiency. Mining giant BHP… Read More Here
DRC Oil Prices Rise 2.91% Amid Commodity Fluctuations 25 Mining in DRC Oil & Gas Petroleum 

DRC Oil Prices Rise 2.91% Amid Commodity Fluctuations

Constance
The price of a barrel of oil, a key export for the Democratic Republic of Congo (DRC), saw a 2.91% increase, trading at USD 74.52 during the week of September 13–20, 2024. This marks a notable rise from the previous week, as reported by the Central Bank of Congo (BCC). According to the BCC’s economic report, oil prices on the international market had earlier shown fluctuations, with the week of September 6–13, 2024, witnessing a slight 0.92% drop, bringing prices down to USD 72.41 per barrel. This is a 7.87%… Read More Here
Yellow Malawi and Zambia’s RDG Collective Secure $3.25 Million for Off-Grid Solar Expansion 26 Mining in Zambia Energy 

Yellow Malawi and Zambia’s RDG Collective Secure $3.25 Million for Off-Grid Solar Expansion

Constance
Off-grid solar companies, Yellow Malawi and Zambia’s RDG Collective, have secured a combined $3.25 million in debt financing from Acumen’s Hardest-to-Reach (H2R) initiative. The funding is aimed at expanding access to clean energy in underserved areas of Africa. Yellow Malawi, a distributor of solar home systems and mobile phones to off-grid rural communities, received $2 million, while RDG Collective, a Zambian company that provides renewable energy products, secured $1.25 million. The funding comes from H2R, a $250 million initiative that invests in off-grid solar companies working to provide energy access… Read More Here
Copper Demand Remains Strong Despite EV Sales Slowdown 27 Copper Battery Metals International 

Copper Demand Remains Strong Despite EV Sales Slowdown

Constance
The demand for metals like copper, critical for electric vehicles (EVs), remains strong despite concerns over slowing EV sales, according to Tom Mackay, head of refined metals at commodity trader IXM. However, forecasting demand remains challenging as the market is still evolving. EV sales have slowed due to several factors, including inadequate charging infrastructure and concerns over resale values. “The electric vehicle industry is still in its early stages, with many variables such as penetration rates and battery chemistries, making accurate demand forecasting difficult,” Mackay explained. Despite the slowdown, EV… Read More Here
DRC Poised to Profit from Tin Price Surge as Alphamin Boosts Output 28 Mining in DRC Economy Tin 

DRC Poised to Profit from Tin Price Surge as Alphamin Boosts Output

Constance
The Democratic Republic of Congo (DRC) is well-positioned to benefit from a 34% rise in tin prices in 2024, driven by increased production at Alphamin Resources. The mining company reported a 28% growth in output, reaching 12,087 tonnes in the first nine months of the year, according to its latest figures. The price of tin surged to $33,810 per tonne on the London Stock Exchange, primarily due to supply disruptions in Indonesia and Myanmar, which together account for 40% of global tin production. This has created a significant opportunity for… Read More Here
Burkina Faso to Withdraw Mining Permits from Foreign Companies 29 International Gold 

Burkina Faso to Withdraw Mining Permits from Foreign Companies

Constance
Burkina Faso plans to withdraw mining permits from certain foreign companies in an effort to boost its own gold production, announced junta leader Ibrahim Traore on Saturday. However, he did not specify which permits would be canceled. “We know how to mine our gold, and I don’t understand why we should allow multinationals to come and mine it,” Traore stated in a radio address marking two years since he took power in a coup. Traore confirmed the intention to revoke mining permits but provided no further details or specifications regarding… Read More Here

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