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EU Pledges $35 Million in Grants to Boost South Africa’s Green Hydrogen Sector 20 Mining in Zambia 

EU Pledges $35 Million in Grants to Boost South Africa’s Green Hydrogen Sector

Constance
The European Union has announced two grants worth approximately $35 million to support South Africa’s green hydrogen initiatives, aimed at accelerating its decarbonization goals. The first grant, valued at 140 million rand ($7.8 million), is intended to assist South African state-owned enterprise Transnet with infrastructure upgrades. The funds will be used to enhance critical logistics, including railways, ports, and pipelines, which are necessary for developing the green hydrogen sector. The second grant, amounting to 25 million euros ($27.6 million), will help South Africa further develop its green hydrogen value chain,… Read More Here
CMOC Secures Clean Energy to Power DRC Copper Mining Operations 21 Mining in DRC Copper Green Energy Hydro power plant 

CMOC Secures Clean Energy to Power DRC Copper Mining Operations

Constance
China-founded CMOC (formerly China Molybdenum) has partnered with Lualaba Power to boost clean energy supply for its copper mining operations in the Democratic Republic of Congo (DRC). This renewable energy initiative aims to support the company’s energy-intensive mining and smelting activities while improving regional power stability. The agreement, signed on May 25, involves the construction of the 200-megawatt Nzilo II hydroelectric project on the Lualaba River, downstream from the existing Nzilo I dam. This project will leverage the river’s natural flow and integrate solar power storage, with water being pumped… Read More Here
Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle 22 Mining in Zambia Economy Electricity 

Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle

Constance
Zambia is set to shut down its hydropower plant at Kariba Dam on September 14, limiting households and businesses to just three hours of electricity per day. Meanwhile, Zimbabwe has warned it may be forced to turn off turbines at its hydropower station by December due to dwindling water levels caused by an El Niño-induced drought. Both Zambia and Zimbabwe are grappling with the effects of severe drought, driven by climate change, which has led to a dramatic drop in water levels at Kariba Dam—the world’s largest man-made lake and… Read More Here
DRC Strengthens Sino-African Cooperation to Boost Economic Diversification and Growth 23 Mining in DRC Economy Partnership 

DRC Strengthens Sino-African Cooperation to Boost Economic Diversification and Growth

Constance
The Democratic Republic of Congo (DRC) is working to deepen its trade partnership with China, following commitments made at the 2024 Forum on China-Africa Cooperation (FOCAC). On Monday, September 9, President Félix Tshisekedi briefed government officials on the outcomes of his recent mission to China. During the visit, China reaffirmed its commitment to Africa’s development, pledging $50 billion over the next three years to support infrastructure, agriculture, and green energy projects across the continent. President Tshisekedi views this pledge as a “tremendous opportunity” for the DRC to secure a significant… Read More Here
Ivanhoe Mines Announces MOU with Govt of Zambia to Facilitate Exploration & Development Activities 24 Mining in Zambia Mining in DRC New Mining Projects 

Ivanhoe Mines Announces MOU with Govt of Zambia to Facilitate Exploration & Development Activities

Constance
Lusaka, Republic of Zambia–(Newsfile Corp. – September 10, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that on August 26, 2024, a memorandum of understanding (MOU) was signed with the Ministry of Mines and Minerals Development (Ministry of Mines) of the Government of the Republic of Zambia to support Ivanhoe Mines in commencing exploration activities in the country. The signing ceremony was attended by the Minister of the Ministry of Mines and Minerals Development, Hon. Paul Kabuswe MP, and Permanent… Read More Here
GoviEx to acquire 51% interest in Zambia exploration license 25 Mining in Zambia Exploration Uranium 

GoviEx to acquire 51% interest in Zambia exploration license

Constance
TSX- and OTCQX-listed GoviEx Uranium has obtained an option to acquire a 51% interest in the Lundazi exploration licence from Stalwart Investments. This move is a key part of GoviEx’s strategy to expand its footprint in Zambia’s uranium sector. The Lundazi licence spans 817.9 km², an area notable for the Karoo Supergroup formations, which are known to host significant sandstone-based uranium deposits. This geological setting makes the Lundazi region a promising site for uranium exploration. The geology in Lundazi closely mirrors that of GoviEx’s ongoing Muntanga project, also located in… Read More Here
Citizens' Forum Criticizes DRC's Handling of Mineral Resources at China-Africa Cooperation Forum 26 Mining in DRC Events & Expos 

Citizens’ Forum Criticizes DRC’s Handling of Mineral Resources at China-Africa Cooperation Forum

Constance
During the ninth Forum on China-Africa Cooperation (FOCAC) held in Beijing from September 3 to 6, the Citizens’ Forum in the Democratic Republic of Congo (DRC) strongly criticized the Congolese delegation’s approach, accusing it of compromising the nation’s mineral resources in favor of China. Forum Citoyen, a coalition of several Congolese civil society organizations, expressed disappointment in the delegation’s failure to protect the country’s interests. Central to their concerns is Amendment 5 of the Sicomines contract, signed last March, which they claim has led to massive losses for the DRC—estimated… Read More Here
DRC-China Forum: Minister of Mines Unveils Major Investment Opportunities in Congolese Mining 27 Mining in DRC Events & Expos 

DRC-China Forum: Minister of Mines Unveils Major Investment Opportunities in Congolese Mining

Constance
At the DRC-China Economic Forum held in Beijing from September 2 to 3, 2024, Democratic Republic of Congo’s Minister of Mines, Kizito Pakabomba, emphasized the significant potential and investment opportunities within the Congolese mining sector, urging Chinese investors to seize these prospects. In his address on Tuesday, September 3, Minister Pakabomba outlined the various facilitation and support mechanisms that the DRC government has implemented to foster mutually beneficial partnerships. Speaking to an audience of Chinese economic operators, he reiterated that mining is the primary driver of economic growth and development… Read More Here
Kamoa Copper Signs Partnerships with 13 Congolese SMEs to Boost Local Economy 28 Mining in DRC Economy 

Kamoa Copper Signs Partnerships with 13 Congolese SMEs to Boost Local Economy

Constance
On August 22, Kamoa Copper formalized new partnership agreements with thirteen Congolese small and medium-sized enterprises (SMEs), under the oversight of the Regulatory Authority for Subcontracting in the Private Sector (ARSP). This initiative underscores Kamoa Copper’s commitment to supporting SME growth and fostering the development of a dynamic middle class in the Democratic Republic of Congo (DRC). In her address, Annebel Oosthuizen, Commercial Director of Kamoa Copper, expressed pride in the company’s role in organizing such initiatives. She emphasized Kamoa Copper’s crucial contribution to the DRC, the world’s leading cobalt… Read More Here
South Kivu Governor Bans Import of Fuel to Boost Local Revenue 29 Mining in DRC Oil & Gas Petroleum 

South Kivu Governor Bans Import of Fuel to Boost Local Revenue

Constance
Jean Jacques Purusi, Governor of South Kivu province, has implemented a ban on mining companies and other businesses importing petroleum products from foreign countries, including Rwanda. He is now requiring that all fuel be sourced from local oil companies to prevent revenue loss for the province. “Chinese mining companies and road construction firms have been refueling in Rwanda each year. This practice is now strictly forbidden; all fuel must be purchased within the province,” Governor Purusi announced at a meeting held on Sunday, September 8, at Concorde Stadium. The governor… Read More Here

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