President Tshisekedi and Brookings Institution Discuss Profitable Mineral Exploitation for the DRC 1 Mining in DRC 

President Tshisekedi and Brookings Institution Discuss Profitable Mineral Exploitation for the DRC

President Félix Tshisekedi held a videoconference on Wednesday, July 24, with representatives from the American think tank, The Brookings Institution, to discuss strategies for making the exploitation of Congolese minerals more beneficial for the local population. During the meeting, they discussed not only the revision of existing mining contracts but also the importance of profitable exploitation and on-site mineral processing to create jobs and foster a local industry. President Tshisekedi emphasized that this approach aligns with efforts to diversify the Congolese economy and promote agriculture. The discussions, centered on the… Read More Here
CAMI and Sankuru Collaborate for Mining Sector Development 2 Mining in DRC 

CAMI and Sankuru Collaborate for Mining Sector Development

On Thursday, July 25, the Director General of the Mining Cadastre, Popol Mabolia Yenga, met with the Governor and Vice-Governor of Sankuru province to discuss the current state of mining activities and policies aimed at fostering integrated development. During the meeting, the provincial authorities requested detailed cadastral data and information on Sankuru’s natural resources, with a particular focus on potential mining assets. DG Popol Mabolia encouraged the provincial leaders to explore all available development opportunities, highlighting Sankuru’s strategic position and its potential to become a pivotal province in the Democratic… Read More Here
FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE 3 Mining in Zambia Copper Press Release 

FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE

 First Quantum Minerals has partnered with the University of Zambia (UNZA) and Copperbelt University (CBU) to create a comprehensive residential applied fieldwork course aimed at providing students with practical insights into the mineral exploration industry.   The course, spanning seven days, is conducted in an exploration field camp setting, featuring modules that replicate the entire exploration lifecycle from target generation to drill testing and related activities.  Some 15 fourth and fifth year UNZA students took part in the inaugural course earlier this month through the UNZA Society of Economic Geologist’s… Read More Here
Over 700 Children Exploited in Mining Sites in Haut-Uélé 4 Mining in DRC 

Over 700 Children Exploited in Mining Sites in Haut-Uélé

More than 700 children have been exploited at mining sites in Menze and Babarau, Haut-Uélé province, for the past seven months, according to an alert from the NGO Network of Environmentalists and Natural Resources Communicators, issued on July 24 in Isiro. The report highlights that these children are subjected to heavy labor in artisanal quarries, including transporting minerals, putting them at risk of various diseases. Girls are especially vulnerable, often forced into small-scale donut businesses and facing the threat of sexual violence. Dieu Merci Thuambe, coordinator of the NGO, has… Read More Here
Cape Town Mining Summit to Highlight the DRC’s Critical Mineral Investment Prospects 5 Events & Expos 

Cape Town Mining Summit to Highlight the DRC’s Critical Mineral Investment Prospects

CMA 2024 will take place under the theme Innovate. Enact. Invest in African Critical Minerals to Sustain Global Growth CAPE TOWN, South Africa, July 24, 2024/ — The Democratic Republic of Congo (DRC)’s state-owned mining firm, Gecamines, and Canadian company Ivanhoe Mines have resumed operations at the high-grade Kipushi zinc-copper mine (https://apo-opa.co/4bZo9ij). The mine is expected to produce up to 140,000 tons of zinc concentrate this year and up to 278,000 tons annually over the next five years, with upgrades to the mine’s new concentrator currently underway. This resumption of… Read More Here
DRC Minister Of foreign trade Advocates for Duty-Free Mining Exports to the U.S. 6 Mining in DRC 

DRC Minister Of foreign trade Advocates for Duty-Free Mining Exports to the U.S.

Julien Paluku, the Minister of Foreign Trade of the Democratic Republic of Congo (DRC), has advocated for the duty-free export of mining products to the United States. His remarks came during a meeting last Tuesday in Washington, D.C., focused on the African Growth and Opportunity Act (AGOA). In his address, Paluku expressed his commitment to enhancing foreign trade in Sub-Saharan Africa. “I was received at the U.S. Congress in Washington, where I urged national senators and representatives to renew AGOA, which allows eligible sub-Saharan African countries to export most of… Read More Here
ZCCM-IH DELIVERS A K146 MILLION DIVIDEND TO IDC 7 Mining in Zambia Copper 

ZCCM-IH DELIVERS A K146 MILLION DIVIDEND TO IDC

ZCCM Investments Holdings Plc (ZCCM-IH) has handed over a K146 million dividend cheque to its majority shareholder, the Industrial Development Corporation (IDC), for the 2023 financial year. ZCCM-IH CEO, Dr Ndoba J.Vibetti handed over the dividend cheque to IDC CEO Mr Cornwell Muleya, earlier today. Some key highlights from Dr. Vibetti’s remarks during the handover ceremony: • Dividend Consistency: This marks the 9th consecutive year that ZCCM-IH has paid a dividend to the IDC. Last year, a record dividend of K436 million was paid for the financial year 2021 and 2022.… Read More Here
Mozambique Loses Millions in Unpaid Taxes from Gold and Limestone Mining 27 International Gold Mining tax 

Mozambique Loses Millions in Unpaid Taxes from Gold and Limestone Mining

The Mozambican state loses around 50 million meticais annually in unpaid and underpaid taxes from gold and limestone exploitation in Sofala province, according to the Centre for Public Integrity (CIP). A CIP document accessed today highlights illegal exploitation, lack of transparency in production data, poor supervision, failure to properly channel taxes to local communities, unfulfilled promises, suspicions of corruption, high prices for mining-related products, and significant environmental impacts as key issues contributing to the shortfall. These practices are linked to at least three companies and one association operating in the… Read More Here
URA Holdings Acquires Majority Stake in Curlew Emerald Mine 28 International Gemstones Mergers & Acquisitions 

URA Holdings Acquires Majority Stake in Curlew Emerald Mine

London-listed URA Holdings, owner and operator of the Gravelotte emerald mine in Limpopo, South Africa, has acquired a majority interest in Prasinus Exploration, the owner of the Curlew emerald mine in Western Australia’s Pilbara region. URA purchased a 65% interest in Prasinus for A$450,000 (approximately £237,000) and has the option to acquire the remaining 35% interest for an additional A$300,000 (about £158,000) in URA shares after a 12-month period, which expires on October 18, 2025. “We are thrilled to add a controlling interest in the Curlew mine to our portfolio.… Read More Here

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