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Zambia's Mines Minister Warns Mining Licence Holders Against Illegal Mining 1 Mining in Zambia Artisanal mining Copper 

Zambia’s Mines Minister Warns Mining Licence Holders Against Illegal Mining

Constance
Mines and Minerals Development Minister Paul Kabuswe has emphasized that the responsibility to curb illegal mining lies with licence holders, not the government. He warned that licence holders allowing illegal activities on their tenements risk losing their licences. In a media briefing last week, Kabuswe clarified that according to the Mines and Minerals Act, it is the duty of licence holders to ensure security on their tenements. He specifically addressed concerns about illegal mining at Sensele Mine, stating that the government does not own the mine, and the responsibility for… Read More Here
President Tshisekedi Urges Fuel Price Reduction Amid Rising Costs 2 Mining in DRC Oil & Gas Petroleum 

President Tshisekedi Urges Fuel Price Reduction Amid Rising Costs

Constance
During the eighth meeting of the Council of Ministers, President Félix Tshisekedi called for urgent measures to lower fuel prices in the Democratic Republic of Congo (DRC). He highlighted potential opportunities within the current petroleum pricing structure that could lead to reduced costs at the pump for consumers. President Tshisekedi emphasized the need to reassess the average border price (PMF), logistics and operational costs, and various taxation elements. He instructed the Vice Prime Minister, the Minister of National Economy, the Minister of Hydrocarbons, and the Minister of Finance to evaluate… Read More Here
Zambia’s Finance Minister Urges Private Sector to Boost Growth and Productivity 3 Mining in Zambia Economy 

Zambia’s Finance Minister Urges Private Sector to Boost Growth and Productivity

Constance
Zambia’s Finance and National Planning Minister, Dr. Situmbeko Musokotwane, has urged the private sector to maintain its growth momentum and enhance productivity across all sectors. In meetings with representatives from various commercial banks, Dr. Musokotwane expressed optimism that the country’s current challenges, including the energy deficit and food security issues worsened by drought, will significantly improve by next year. The Minister stressed the need for continued investment in the energy sector to support the government’s efforts to diversify energy sources. He emphasized the role of public-private partnerships (PPPs) in driving… Read More Here
Zambia Temporarily Closes Key Border Crossings with DRC Amid Safety Concerns 4 Mining in Zambia Mining in DRC Regional conflict 

Zambia Temporarily Closes Key Border Crossings with DRC Amid Safety Concerns

Constance
The Zambian government has temporarily closed three major border crossings with the Democratic Republic of Congo (DRC) on the Copperbelt, citing safety concerns and the need to protect property amid ongoing protests in the neighboring country. The affected borders—Kasumbalesa, Mokambo, and Sakania—are vital trade routes between the two nations. Commerce, Trade, and Industry Minister Chipoka Mulenga confirmed the closures, emphasizing the decision was made to safeguard Zambian citizens and assets due to the unrest in the DRC. The protests in the DRC, which have intensified over the past ten days,… Read More Here
Zambia to Fully Map Mineral Resources to Combat Illegal Mining 5 Mining in Zambia Copper 

Zambia to Fully Map Mineral Resources to Combat Illegal Mining

Constance
Zambia’s Minister of Mines and Minerals Development, Hon. Paul C. Kabuswe, MP, has stressed the importance of continued support and collaboration in the mining sector. During a speech in Lusaka on August 9th, Minister Kabuswe highlighted the Government’s commitment, alongside key stakeholders, to fully map Zambia’s geological landscape. This initiative is crucial for combating illegal mining and uncovering untapped mineral resources. Currently, only 49 percent of the country is mapped, a situation the Minister noted has worsened illegal mining activities. Once the full mapping is completed, the Government will have… Read More Here
Ghana Unveils First Gold Refinery to Curb Smuggling and Add Value 6 International Gold 

Ghana Unveils First Gold Refinery to Curb Smuggling and Add Value

Constance
The Royal Ghana Gold Refinery, which will process 400 kilograms of gold daily, primarily sources raw materials from artisanal and small-scale mines. These mines contribute about one-third of Ghana’s annual gold output of roughly 4 million ounces, according to Bloomberg. Bank of Ghana Governor Ernest Addison stated that the refinery will play a crucial role in curbing gold smuggling, a persistent issue in the country, by providing a ready market for artisanal and small-scale miners. “This refinery can mitigate the incentive for smuggling and help promote transparency and accountability in… Read More Here
Rome Resources Begins Drilling at Kalayi Prospect in DRC 7 Mining in DRC Drilling 

Rome Resources Begins Drilling at Kalayi Prospect in DRC

Constance
Aim-listed Rome Resources has commenced drilling at its Kalayi prospect in North Kivu province, Democratic Republic of Congo (DRC). Kalayi, along with the Mont Agoma and Mont Agoma Northwest prospects, forms part of the Bisie North projects. Local contractor Mole Drilling Congo has completed site setup and staff orientation and has initiated drilling at Kalayi’s first diamond core drill hole. Two more diamond core drill rigs are scheduled to be deployed to additional sites, one at Kalayi and another at Mont Agoma, with drilling expected to begin within the next… Read More Here
BHP Plans to Sell Brazilian Copper and Gold Assets Acquired from Oz Minerals 8 International Copper Gold 

BHP Plans to Sell Brazilian Copper and Gold Assets Acquired from Oz Minerals

Constance
BHP Group, the world’s largest miner, is planning to sell the Brazilian copper and gold assets it acquired through its $6.3 billion takeover of Oz Minerals in May 2023, according to sources familiar with the matter. The company has enlisted Banco Santander SA to advise on a potential sale following a strategic review of these assets. This acquisition was BHP’s largest in over a decade and was aimed at increasing the company’s exposure to critical materials used in clean energy and electric vehicles. However, BHP has no plans to divest… Read More Here
Jubilee Resources Begins Operations at Upgraded Roan Project in Zambia 9 Copper Mining in Zambia 

Jubilee Resources Begins Operations at Upgraded Roan Project in Zambia

Constance
Diversified metals producer Jubilee Resources Group has initiated operations at its newly upgraded Roan project in Zambia. The launch of the project’s front-end section enhances the processing capacity and operational flexibility of the existing milling and flotation units. The newly constructed front-end section, located adjacent to the current milling and flotation circuits, boosts Roan’s overall processing capacity to a maximum of 13,000 tons per year of copper. This upgrade is part of Jubilee’s broader strategy to increase operational capacity, which also includes ongoing upgrades to the Sable refinery. The combined… Read More Here
Namibia Tightens Mining License Approvals Amid Underperformance 10 International Lithium Uranium 

Namibia Tightens Mining License Approvals Amid Underperformance

Constance
Namibia has announced that less than half of its approved mining projects are currently operational, leading the government to adopt a stricter approach to issuing permits. Of the 162 mining licenses approved by the country, only 68 are active, according to Mines and Energy Minister Tom Alweendo, who spoke at a conference in Windhoek on Wednesday. As the world’s third-largest uranium producer and a nation rich in lithium and rare earth minerals like dysprosium and terbium, Namibia is seeking to better manage its resources to benefit its citizens. The government… Read More Here

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