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Train Derailment on Angola’s Lobito Corridor Disrupts Copper and Sulfur Transport 1 Transport and Logistics Copper 

Train Derailment on Angola’s Lobito Corridor Disrupts Copper and Sulfur Transport

Constance
A train derailment on Angola’s Lobito Corridor has disrupted the transportation of key commodities, including copper concentrates, the railway operator reported on Today. The Lobito Corridor is a crucial trade route connecting the mineral-rich Democratic Republic of Congo (DRC) with Angola’s Lobito port on the Atlantic Ocean. This corridor holds strategic importance for the United States and the European Union, both of which are seeking greater access to the minerals essential for the global shift to cleaner energy technologies. The derailment occurred on Thursday between the Cavimbe and Cangumbe stations… Read More Here
DRC's Renegotiated Mining Contract with Chinese Enterprise Sparks Debate Over Missed Potential 2 Mining in DRC Cobalt Copper 

DRC’s Renegotiated Mining Contract with Chinese Enterprise Sparks Debate Over Missed Potential

Constance
The recently signed contract on March 14 between the Democratic Republic of Congo (DRC) and the Chinese Enterprise Group (GEC) continues to fuel discussions. Bodom Matungulu, president of the think tank RDC Stratégie, which specializes in public policy, argues that the renegotiated contract, known as “Amendment No. 5,” could potentially generate over $117 billion for the DRC, thanks to the significant reserves of copper and cobalt within the country’s subsoil. However, he contends that the contract represents only a small fraction of the DRC’s vast mining potential. “The deposits covered… Read More Here
Copper Prices Stabilize as DRC-Zambia Border Reopens After Brief Crisis 3 Mining in DRC Copper Economy Mining in Zambia 

Copper Prices Stabilize as DRC-Zambia Border Reopens After Brief Crisis

Constance
Global copper prices have stabilized below the USD 9,000 per tonne mark following the resolution of a brief but intense border dispute between the Democratic Republic of Congo (DRC) and Zambia. Earlier concerns about a potential disruption to one of the world’s key copper export corridors had driven prices up for two days. However, after reaching around USD 8,900 per tonne on August 13, 2024, prices dipped slightly below USD 8,800 as tensions eased. The border crisis began when the DRC unilaterally banned the import of beer, soft drinks, and… Read More Here
Kasenseli Gold Mine to Reopen After K42 Million Investment in Safety Upgrades 4 Gold Mining in Zambia Mining safety New Mining Projects 

Kasenseli Gold Mine to Reopen After K42 Million Investment in Safety Upgrades

Constance
The Zambia Gold Company (ZGC) has approved a K42 million investment for remedial works at the Kasenseli Gold Mine in Mwinilunga District, North Western Province. This decision paves the way for the mine’s reopening, which had been suspended by the government in 2021 following a series of fatalities related to illegal mining activities. Guy Phiri, Chairperson of the ZGC Board of Directors, announced that the mine is expected to resume full operations by September this year. “We anticipate creating around 500 jobs once the mine is fully operational, with a… Read More Here
Lusaka-Ndola Dual Carriageway Project Employs 1,747 Zambians 5 Mining in Zambia Infrastructural Development 

Lusaka-Ndola Dual Carriageway Project Employs 1,747 Zambians

Constance
The Road Development Agency has confirmed the employment of 1,747 Zambians as progress continues on the Lusaka-Ndola Dual Carriageway project. The project, led by MOIC-LN Consortium Limited, began on May 21, 2024, following a groundbreaking ceremony officiated by President Hakainde Hichilema. The initiative involves upgrading 327 kilometers of the Lusaka-Ndola Road and rehabilitating 45 kilometers of the Masangano-Fisenge-Luanshya Road under a Public-Private Partnership (PPP) Financing Model. Among the 1,747 employed, 865 are general workers, 233 are plant operators, 38 are engineers, 33 serve as administrators, and 578 are engaged in… Read More Here
Zambia and DRC Resolve Trade Dispute, Reopen Border to Restore Commerce 6 Mining in Zambia Mining in DRC Transport and Logistics 

Zambia and DRC Resolve Trade Dispute, Reopen Border to Restore Commerce

Constance
Zambia and the Democratic Republic of Congo (DRC) have agreed to reopen their shared border on Monday after resolving a trade dispute that led to its closure over the weekend. In a joint statement, the commerce ministers of both nations announced, “The Zambian party informed the Congolese party that the border will be reopened to allow the free movement of people and goods between the Democratic Republic of Congo and the Republic of Zambia.” The agreement followed a meeting between Zambia’s Minister of Commerce, Trade, and Industry, Chipoka Mulenga, and… Read More Here
Vedanta to Sell 3.3% Stake in Hindustan Zinc for Over $950 Million 7 International Corporate News 

Vedanta to Sell 3.3% Stake in Hindustan Zinc for Over $950 Million

Constance
Indian mining giant Vedanta has announced plans to sell a 3.3% stake in its subsidiary Hindustan Zinc, exceeding the 2.6% stake it initially intended to divest. The sale involves 140 million Hindustan Zinc shares, valued at approximately ₹80.05 billion ($954 million) based on the company’s closing stock price of ₹571.75 on Wednesday. The share sale is scheduled for August 16 and 19, with a floor price set at ₹486 per share, according to a BSE circular. Following the announcement, Hindustan Zinc’s stock dropped 1.4%. Vedanta’s decision to increase the stake… Read More Here
Zambia Launches Nationwide Aerial Survey to Uncover Mineral Wealth 8 Mining in Zambia Copper New Mining Projects 

Zambia Launches Nationwide Aerial Survey to Uncover Mineral Wealth

Constance
President Hakainde Hichilema of Zambia has officially launched a nationwide high-resolution aerial geophysical survey aimed at uncovering the country’s hidden geological assets. This initiative utilizes advanced airborne geophysical technology to identify mineral and water resources, significantly reducing exploration costs and fostering new investment opportunities. This ambitious project is part of the government’s broader strategy to unlock Zambia’s untapped mineral wealth, with the ultimate goal of reaching 3 million tonnes of copper production by 2031. The detailed mapping effort will enhance exploration and help accurately determine the market value of Zambia’s… Read More Here
South Africa's Mining Production Falls 3.5% Year-on-Year in June 9 International 

South Africa’s Mining Production Falls 3.5% Year-on-Year in June

Constance
South Africa’s mining production declined by 3.5% year-on-year in June, primarily due to decreases in gold, platinum group metals (PGMs), coal, and other metallic minerals. Gold production dropped by 12.6% compared to June last year, while PGM output decreased by 5.8%. Coal production fell by 3.3%, and other metallic minerals experienced a significant decline of 21.3%. Seasonally adjusted mining production fell by 1.6% in June compared to May, following month-on-month increases of 0.1% in May and 0.8% in April. For the second quarter of this year, seasonally adjusted mining production… Read More Here
DRC Lifts Mining Suspension in South Kivu, Excluding Gold Extraction 10 Mining in DRC Gold 

DRC Lifts Mining Suspension in South Kivu, Excluding Gold Extraction

Constance
The Democratic Republic of Congo (DRC) has lifted a suspension on mining activities in South Kivu province, with the exception of gold extraction, as announced by the region’s governor on Thursday. Gold, tin ore (cassiterite), and high-tech mineral coltan are primarily mined by artisanal miners using rudimentary methods in this eastern province. However, the DRC’s gold production is often underreported, with significant quantities of the precious metal smuggled into global supply chains through neighboring countries. Governor Jean-Jacques Purusi Sadiki suspended all mining activities in the region in July, ordering companies… Read More Here

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