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First Africa Metals Confirms High-Grade Lithium at Misika Project in Zambia 20 Mining in Zambia Battery Metals Lithium New Mining Projects 

First Africa Metals Confirms High-Grade Lithium at Misika Project in Zambia

Constance
UK-based mining exploration company First Africa Metals has reported that rock chip sampling has confirmed exceptionally high-grade lithium-bearing pegmatites at its Misika project in Zambia’s Southern Province. Independent laboratory analysis of the rock chip samples, along with X-ray diffraction (XRD) data, reveals that outcropping pegmatites from existing shallow artisanal open pits contain spodumene, montebrasite, pollucite, and lepidolite. The highest-grade lithium-bearing samples (>7% lithium oxide) consist primarily of montebrasite, a lithium ore noted for its low impurity levels. The Misika pegmatite zone is currently identified as approximately 1 km wide with… Read More Here
Barrick-Tanzania Partnership Generates Bulk of Nation’s Mining Revenue 21 Gold International 

Barrick-Tanzania Partnership Generates Bulk of Nation’s Mining Revenue

Constance
The Twiga partnership between Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the Tanzanian government is contributing 51% of the government’s revenue from the extractive industry, according to the latest report of the Tanzania Extractive Industry Transparency Initiative. Twiga comprises the North Mara and Bulyanhulu gold mines. Both mines also led the industry’s safety performance, with Bulyanhulu winning this year’s Occupational Safety and Health Award and North Mara named as the best company for caring for workers with special needs by Tanzania’s Occupational Safety and Health authority. Speaking to the media and local… Read More Here
Jubilee Metals Increases Stake in Zambia's Project G and Secures Renewable Energy Supply 22 Mining in Zambia Copper Electricity Energy 

Jubilee Metals Increases Stake in Zambia’s Project G and Secures Renewable Energy Supply

Constance
Diversified metals producer Jubilee Metals has completed its due diligence on Project G, an open-pit copper mining operation in Zambia, and has decided to increase its ownership from 51% to 65%. This acquisition, initially announced in August, marks Jubilee’s second open-pit copper venture in Zambia, following the implementation of Project Munkoyo. In a related move, Jubilee has expanded its power allocation under the recently announced private power purchase agreement (LHPC agreement), securing an additional 2 MW of electricity. This will ensure that all Zambian operations, including the Roan concentrator, operate… Read More Here
TotalEnergies Eyes Copper Trading to Capitalize on Energy Transition 23 International Copper 

TotalEnergies Eyes Copper Trading to Capitalize on Energy Transition

Constance
France’s TotalEnergies is exploring the possibility of expanding its oil trading operations into copper, aiming to benefit from the growing demand for metals driven by the global energy transition, according to a report by the Financial Times. Rahim Azouni, Senior Vice President of Crude, Fuel, and Derivatives Trading at TotalEnergies, revealed at a private conference in London that the company is “studying the case” for entering the copper trading market. However, no final decision has been made, according to sources present at the event. This move would follow the path… Read More Here
Zambia Secures $50 Million from BADEA for Kalabo-Sikongo-Angola Border Road Project 24 Mining in Zambia Infrastructural Development 

Zambia Secures $50 Million from BADEA for Kalabo-Sikongo-Angola Border Road Project

Constance
Zambia has signed a cooperation agreement with the Arab Bank for Economic Development in Africa (BADEA), securing a $50 million investment for the construction of the Kalabo-Sikongo-Angola Border Road in Western Province. The agreement was formalized in Riyadh, Saudi Arabia, by Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, and BADEA President, Dr. Sidi Ould Tah. Alongside the road project, a $500,000 capacity-building initiative was also agreed upon to support the training of public officials in finance, trade, and energy development. During the signing ceremony, Dr. Musokotwane emphasized… Read More Here
Lusaka-Ndola Dual Carriageway Project Advances 25 Mining in Zambia Infrastructural Development 

Lusaka-Ndola Dual Carriageway Project Advances

Constance
The National Road Fund Agency (NRFA) and the Road Development Agency (RDA) have announced significant progress on the Lusaka-Ndola Dual Carriageway Public-Private Partnership (PPP) project. The handover of three toll gates to the Macro Ocean Investment Consortium (MOIC) is scheduled for November 30, 2024, as part of a broader agreement to upgrade the road to a dual carriageway. The toll gates to be transferred are located at Katuba (between Lusaka and Kabwe), Manyumbi (between Kabwe and Kapiri Mposhi), and Kafulafuta (between Kapiri Mposhi and Ndola). Despite the transition, NRFA Public… Read More Here
Zambia Aims for Copper Production Surge Amid $12 Billion Investment Boom 26 Copper Economy Mining in Zambia 

Zambia Aims for Copper Production Surge Amid $12 Billion Investment Boom

Constance
Zambia’s Minister of Mines and Minerals Development, Hon. Paul Kabuswe, MP, recently announced that the country’s mining sector has successfully attracted US$12 billion in investments. However, despite this impressive capital influx, the minister raised concerns about stagnant copper production, which has plateaued at 750,000 metric tons. Minister Kabuswe reaffirmed the government’s commitment to significantly increase production, with a target of three million metric tons within a set timeframe. “The mining sector remains the key driver of our country’s economic transformation,” Kabuswe stated, underscoring the sector’s essential role in fostering national… Read More Here
Forbes Honors ARSP Director for Leadership in Congolese Entrepreneurship 27 Mining in DRC Governance 

Forbes Honors ARSP Director for Leadership in Congolese Entrepreneurship

Constance
During his visit to the United States, Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), received a diploma of merit from Forbes magazine. This recognition was awarded for his exemplary leadership in promoting entrepreneurship in the Democratic Republic of Congo (DRC), specifically in the subcontracting sector, where Congolese entrepreneurs have begun to secure substantial contracts with major companies. In 2024, Forbes celebrated several African leaders for their contributions to various sectors. At the event, Miguel Kashal expressed his gratitude to President Félix… Read More Here
Tshisekedi and Macron Discuss Security and Diplomatic Issues at Elysée Palace Meeting 28 Mining in DRC Governance 

Tshisekedi and Macron Discuss Security and Diplomatic Issues at Elysée Palace Meeting

Constance
On Friday, October 4, 2024, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) held a one-on-one meeting with French President Emmanuel Macron at the Elysée Palace. The two leaders discussed matters of mutual interest, focusing on key topics previously raised during their April 2024 meeting in France. According to the Congolese presidency, the discussions centered on the security and humanitarian crisis in eastern DRC, resulting from the conflict with Rwanda, as well as the progress of the Luanda Process, an initiative aimed at restoring dialogue between Kinshasa and… Read More Here
Uganda Establishes State-Owned Mining Company to Enhance Mineral Value 29 Mining in Uganda New Mining Projects 

Uganda Establishes State-Owned Mining Company to Enhance Mineral Value

Constance
Uganda has established a state-owned mining company to oversee the government’s equity interests in mining operations, announced Ruth Nankabirwa, the Minister for Energy and Mineral Development. Historically, all mining activities in the East African nation have been conducted by private firms operating under exploration and mining licenses. However, a new mining law approved in 2022 allows the government to compulsorily acquire a 15% free carry stake in all mining operations in Uganda. This initiative is part of broader efforts to increase the country’s share of the value derived from its… Read More Here

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