Breaking News
Ghana's Lithium Project Faces Delays Amid Falling Global Prices 20 International Lithium 

Ghana’s Lithium Project Faces Delays Amid Falling Global Prices

Constance
Ghana is concerned that a slump in global lithium prices could jeopardize its first lithium mining project in Ewoyaa, according to the head of the country’s mining sector regulator. In October 2023, Ghana, a West African nation known for its gold and cocoa production, granted a 15-year lease to Australian mining company Atlantic Lithium to establish its first lithium mine by the fourth quarter of 2024. However, recent developments have raised concerns about the project’s future. The company received environmental approval for the project last Thursday, but delays in parliamentary… Read More Here
Zambian Copper mines Turn to Eskom for Power Amid Severe Energy Crisis 21 Mining in Zambia Electricity Energy 

Zambian Copper mines Turn to Eskom for Power Amid Severe Energy Crisis

Constance
Zambia’s largest mines are turning to an unexpected source of power as the country grapples with an unprecedented energy crisis: South Africa’s Eskom Holdings SOC Ltd. Eskom, which faced its own severe electricity deficit until March, is now providing crucial support. The crisis in Zambia has been exacerbated by an historic drought that has crippled hydropower generation, which supplies about 85% of the country’s electricity. As a result, households are experiencing power cuts of up to 21 hours a day, and companies like First Quantum Minerals Ltd. are forced to… Read More Here
Five Companies Secure $73 Million in Contracts with SICOMINES 22 Mining in DRC Contracts & tenders Mining Supply Tenders 

Five Companies Secure $73 Million in Contracts with SICOMINES

Constance
Five subcontracting companies have secured contracts totaling USD 73 million with SICOMINES Mining Company, following a competitive selection process. This achievement was made possible through the support of the Private Sector Subcontracting Regulatory Authority (ARSP). The contracting companies are: 1.Exel Global Services SARLU 2.Bishworld SARL 3.Bofa SARL 4.Jadex Constructions SARL 5.Lake Region Venture The contract signing ceremony, held in Lualaba, was attended by ARSP Director General Miguel Kashal, who traveled from Kolwezi for the event. This milestone aligns with President Félix-Antoine Tshisekedi Tshilombo’s vision for entrepreneurship and local economic development.… Read More Here
WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value 23 Lithium Battery Metals Cobalt Mining in Zambia 

WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value

Constance
On Tuesday, September 12, 2024, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala urged Africa to process its strategic mining products locally instead of exporting them raw. In a media briefing, she emphasized the need for an integrated approach to develop full value chains on the continent, particularly in resource-rich countries like the DRC. “Why continue to export raw materials?” Okonjo-Iweala questioned. “We should process these critical minerals locally, in partnership with neighboring countries such as Zambia, to create jobs and increase value addition in the region.” She highlighted Africa’s potential… Read More Here
President Tshisekedi Launches Mineral Certification System for Better Resource Management 24 Mining in DRC Governance 

President Tshisekedi Launches Mineral Certification System for Better Resource Management

Constance
On September 9, 2024, President Félix Tshisekedi initiated a groundbreaking project aimed at improving the management of natural resources in the Democratic Republic of Congo (DRC) by introducing a certification system for mineral reserves. This was announced during the first extraordinary meeting of the Council of Ministers. The certification system marks a major step toward transparency and traceability in the mining sector, which plays a vital role in the country’s economy. The system will ensure that each allocated mining concession is cataloged and assessed according to international standards, promoting fair… Read More Here
Seven Miners Die in Mungwalu Gold Mine Tragedy Amid Heavy Rain 25 Mining in DRC Artisanal mining Gold 

Seven Miners Die in Mungwalu Gold Mine Tragedy Amid Heavy Rain

Constance
On Thursday, September 12, 2024, a tragic incident occurred in the mining region of Mungwalu, Djugu Territory, about 85 kilometers north of Bunia in Ituri, where seven artisanal gold miners lost their lives after heavy rainfall flooded the “Makala” gold mine. According to local civil society reports shared with Radio Okapi, torrential rain caused water to flow from surrounding hills, flooding the mine and trapping the workers inside, unable to escape. This tragedy highlights the unsafe working conditions faced by artisanal miners in the region. Without proper safety measures, miners… Read More Here
FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila 26 Mining in Zambia Copper 

FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila

Constance
First Quantum Minerals (FQM) has once again opened its doors to local entrepreneurs by hosting its annual business clinic in Kalumbila, aimed at empowering small and medium-sized enterprises (SMEs). Held in collaboration with the Zambia Development Agency (ZDA), the event attracted government officials, financial institutions, and industry leaders under the theme “Driving Local Economic Growth Through Sustainable Partnerships.” The clinic, organized by FQM’s Trident Foundation, focuses on integrating local businesses into the mining supply chain, offering practical knowledge, networking opportunities, and support to foster SME growth within the North-Western Province.… Read More Here
Feasibility Study on Lumwana Super Pit Expansion Expected by Year-End 27 Mining in Zambia Copper New Mining Projects 

Feasibility Study on Lumwana Super Pit Expansion Expected by Year-End

Constance
The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the potential to transform the Lumwana mine into a long-life, high yielding, Top 25 copper producer1 and a Tier One2 copper mine, capable of contending with the volatility… Read More Here
Glencore, Trafigura, and Mercuria Secure Copper Deals from DRC's Gecamines 28 Mining in DRC Contracts & tenders Copper Mining Supply Tenders 

Glencore, Trafigura, and Mercuria Secure Copper Deals from DRC’s Gecamines

Constance
Glencore Plc, Mercuria Energy Group, and Trafigura Group have successfully secured copper purchases from the Democratic Republic of Congo’s (DRC) state-owned mining company, Gecamines. This marks the first time Gecamines has marketed copper from its joint-venture projects. The three major commodity trading firms won bids to purchase copper from the Tenke Fungurume mine, a vast operation owned by China’s CMOC Group Ltd. and Gecamines. According to sources familiar with the deal, the Tenke Fungurume mine is one of the DRC’s largest copper and cobalt producers, with exports of 361,000 tons… Read More Here
KCM's Nampundwe Mine Relaunch Key to Sustaining Zambia's Copper Operations 29 Mining in Zambia Copper 

KCM’s Nampundwe Mine Relaunch Key to Sustaining Zambia’s Copper Operations

Constance
Konkola Copper Mines (KCM) Chief Operating Officer Malcolm Mewett underscored the importance of Nampundwe Mine in ensuring the company’s profitability, emphasizing that without pyrite production from this mine, KCM’s operations are not sustainable. Speaking at the relaunch of Nampundwe Mine last week, Mewett stressed the need for modernization and increased output to secure the mine’s future. “Nampundwe is crucial for producing pyrite, which is essential for running the Nchanga Smelter. Without pyrite, our smelter cannot function, and without the smelter, KCM cannot remain profitable. Over the next 12 months, we… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.