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Trafigura Appoints Richard Holtum as New CEO, Effective January 2025 20 Press Release International Mining Personality 

Trafigura Appoints Richard Holtum as New CEO, Effective January 2025

Constance
Trafigura Group Pte Ltd (“Trafigura”) has announced that Richard Holtum will become Chief Executive Officer (CEO) of Trafigura, effective 1 January 2025 and will join the Trafigura Board of Directors from 1 October 2024. Jeremy Weir, Executive Chairman and CEO, will step down from his executive responsibilities on 1 January 2025 and will become Chairman of the Trafigura Group. Sipko Schat, Independent Non-Executive Director of the Board, said: “The Board of Directors unanimously selected Richard Holtum to lead the Trafigura Group. Richard has achieved extensive success in developing high-performing teams and… Read More Here
Zambia’s New $30 Million Copper and Cobalt Mine Set to Open in Mufulira District 21 Mining in Zambia Cobalt Copper New Mining Projects 

Zambia’s New $30 Million Copper and Cobalt Mine Set to Open in Mufulira District

Constance
A $30 million copper and cobalt mine is set to open in Mufulira District, located in Zambia’s Copperbelt Province. Chilibwe Mine, which will be positioned off the Ndola-Mufulira road, is expected to operate for a lifespan of 10 years. The mine covers an area of 20 hectares and aims to produce 2,000 metric tonnes of copper and cobalt each month. This initiative aligns with President Hakainde Hichilema’s goal to ramp up copper production to 3 million tonnes per annum by 2032. In a recent scoping meeting in Mufulira, the mine’s… Read More Here
Mumbwa Identified as Key to Growing Zambia's Gold Reserves as Kabeta Cracks Down on Smuggling 22 Mining in Zambia Gold 

Mumbwa Identified as Key to Growing Zambia’s Gold Reserves as Kabeta Cracks Down on Smuggling

Constance
Mines Permanent Secretary, Barnaby Kabeta, addressed hundreds of miners in Nangoma constituency, who were impacted by the closure of Lwili Mine due to safety concerns and illegal operations. The mine was shut down two weeks ago after the Zambian National Service was deployed to restore order following a rise in fatalities and other issues. In his address, Kabeta assured the affected miners that operations at Lwili Mine would resume soon. “The Nangoma mine area will reopen on Friday. We need to know who is entering the mine, as we currently… Read More Here
Panama eyes export of First Quantum’s stockpiled copper 23 International Copper 

Panama eyes export of First Quantum’s stockpiled copper

Constance
Panama’s finance chief sees no good reason why First Quantum Minerals Ltd. shouldn’t export the large volume of copper stockpiled at its shuttered mine in the country. The government is working with a third party on an environmental assessment to quantify the amount of copper concentrate stored at the mine and determine when it was extracted, Finance Minister Felipe Chapman said Friday. “The copper cannot lie sitting there forever. It has to be taken out, and if you are going to take it out, you might as well export it,”… Read More Here
Felix Tshisekedi Contracts Mining in DRC 

President Tshisekedi Reaffirms DRC’s Commitment to Carbon Market at UN Assembly

Constance
During the 79th United Nations General Assembly, President Félix Tshisekedi reaffirmed the Democratic Republic of Congo’s (DRC) commitment to enhancing its role in the global carbon market. “The DRC is implementing legal instruments and institutional mechanisms to solidify its position in this market while remaining open to partnerships that align with the Paris Agreement and our internal laws,” he stated. In his address, President Tshisekedi underscored the urgency of recognizing the connections between climate change, environmental degradation, and security. He urged the Security Council to establish international mechanisms that incorporate… Read More Here
South Kivu Governor Lifts Suspension on Mining Companies 24 Mining in DRC 

South Kivu Governor Lifts Suspension on Mining Companies

Constance
The Governor of South Kivu, Jean Jacques Purusi, has announced the lifting of measures that suspended mining operations across the province. This decision was revealed during an interview with mining operators last Monday. Governor Purusi stated that compliant companies are now permitted to resume their activities, but a control team will be deployed to oversee operations. “Today, we are opening all mining activities throughout South Kivu. We urge companies that are not in compliance to get organized. A team will be on the ground to investigate each company to ensure… Read More Here
U.S. Strengthens Partnership with DRC to Enhance Mineral Processing at UN General Assembly 25 Mining in DRC Copper Governance 

U.S. Strengthens Partnership with DRC to Enhance Mineral Processing at UN General Assembly

Constance
During the 79th United Nations General Assembly, Félix Tshisekedi met with José W. Fernandez, U.S. Under Secretary of State for Economic Growth, Energy, and the Environment. The meeting, which took place on Monday, included the Congolese Minister of Mines, the Chairman of the Board of Directors of Gécamines, and a delegation from Buenassa, the company spearheading a project to construct a copper and cobalt refinery in Lualaba province. Mr. Fernandez reiterated the United States’ interest in investing in the Democratic Republic of the Congo (DRC) to foster a local industry… Read More Here
DRC Environmental Group Raises Alarm Over Mining Companies’ Neglect of Climate Resilience and Biodiversity 26 Mining in DRC 

DRC Environmental Group Raises Alarm Over Mining Companies’ Neglect of Climate Resilience and Biodiversity

Constance
In a letter to the DRC’s Minister of Environment, DEC20, an organization of Congolese environmental entrepreneurs, voiced deep concerns about the failure of mining companies to address climate resilience and biodiversity loss in the Democratic Republic of Congo (DRC). The group highlighted that Gécamines, a state-owned mining company, has caused severe deforestation in Luena for fossil coal extraction without implementing a reforestation plan. This has led to water pollution, the decline of earthworm populations, the disappearance of natural pollinators, and a collapse of bee colonies. DEC20 also criticized MMR (Mining… Read More Here
EGC Reaffirms Commitment to Ethical and Transparent Artisanal Cobalt Mining Practices 27 Mining in DRC Cobalt 

EGC Reaffirms Commitment to Ethical and Transparent Artisanal Cobalt Mining Practices

Constance
Entreprise Générale du Cobalt (EGC) has reaffirmed its dedication to upholding rigorous ethical, transparent, and responsible practices in artisanal cobalt mining, in alignment with the commitments set forth by the government of the Democratic Republic of Congo (DRC). In a statement shared with DESKECO.COM, EGC emphasized its ongoing efforts to formalize artisanal cobalt mining with the goal of generating sustainable economic opportunities for local communities. The company highlighted its initiatives, developed through dialogue with various stakeholders, particularly the creation of pilot sites designed to establish a model for ethical and… Read More Here
Rio Tinto chairman warns mining deals won’t solve supply crisis 28 International Battery Metals Copper 

Rio Tinto chairman warns mining deals won’t solve supply crisis

Constance
The world needs more mines to cope with rising demand for key energy-transition metals like copper, as mergers and acquisitions will not plug a looming supply gap, Rio Tinto group chairman Dominic Barton said. “As an industry, we’re not going to inorganic our way out of this challenge,” Barton said in a Bloomberg TV interview, referring to growth through deals. “It’s huge, and it’s in at least five different commodity areas.” Global mining M&A has ramped up over recent months, as healthy cash flows and the outlook for key green… Read More Here

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