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Zambia Approves K2.46 Billion Investment in Energy Sector 1 Mining in Zambia Energy Oil & Gas 

Zambia Approves K2.46 Billion Investment in Energy Sector

Constance
The Energy Regulation Board (ERB) in Zambia has approved thirty-four license applications and five construction permits within the renewable energy and petroleum sub-sectors. These approvals, totaling an investment of K2.46 billion (US$98.4 million), were granted during the July licensing committee meeting. ERB Public Relations Manager Namukolo Kasumpa announced that thirty-five applications were reviewed, with one license application being rejected due to non-compliance with safety standards and regulations. “The stringent licensing process demonstrates the Board’s commitment to promoting investment and growth in the energy sector while maintaining strict adherence to safe… Read More Here
DRC Faces Energy Deficit, Relies on Imports from Neighbors 2 Mining in DRC Electricity Mining in Zambia 

DRC Faces Energy Deficit, Relies on Imports from Neighbors

Constance
The Democratic Republic of Congo (DRC) relies heavily on electricity imports to support its mining sector and overall economy. During a press briefing organized by the Ministry of Communication and Media on Thursday, Minister of Water Resources and Electricity, Teddy Lwamba Muba, discussed the challenges and potential solutions to address this growing dependency. Dr. Teddy Lwamba Muba, an electromechanical engineer and former Deputy Director General of the National Electricity Company (SNEL), highlighted the stagnation in the country’s electricity production since 1982. “The history of electricity production in the DRC effectively… Read More Here
DRC Plans to Enhance Energy and Water Supply Infrastructure 3 Mining in DRC Energy Infrastructural Development 

DRC Plans to Enhance Energy and Water Supply Infrastructure

Constance
The Democratic Republic of Congo (DRC) currently has an electrical energy capacity of 2,800 Megawatts (MW), but only 2,100 MW are utilized, according to data shared on Thursday, July 18, 2024, by Minister of Hydraulic Resources and Electricity, Teddy Lwamba Muba. The information was provided during a press briefing co-hosted with the Minister of Communication and Media, Patrick Muyaya Katembwe. Minister Lwamba outlined the government’s strategy to improve water and electricity supply, emphasizing a multi-phase approach. “The electricity sector in the DRC is growing and developing. Today, we have an… Read More Here
DRC's Mining Sector Consumes 1,400 MW, Generating $35 Billion GDP 4 Mining in DRC Electricity 

DRC’s Mining Sector Consumes 1,400 MW, Generating $35 Billion GDP

Constance
The Democratic Republic of Congo’s mining sector consumes 1,400 MW of electricity, contributing $35 billion to the country’s GDP. This information was shared by Minister of Hydraulic Resources and Electricity, Teddy Lwamba Muba, during a press briefing on July 18, 2024, alongside Communication and Media Minister Patrick Muyaya. Lwamba highlighted that mining is a significant economic driver, stating, “For every 1 MW produced, approximately $20 million is generated in GDP.” He emphasized the importance of prioritizing energy allocation to the industrial sector to boost production. Lwamba outlined the government’s strategic… Read More Here
Twelve Congolese Companies Secure Subcontracting Deals with Kamoa Copper 5 Mining in DRC Copper Mining Supply Tenders 

Twelve Congolese Companies Secure Subcontracting Deals with Kamoa Copper

Constance
Twelve Congolese companies have been granted subcontracting contracts with Kamoa Copper, a subsidiary of Ivanhoe Mines operating in Lualaba province. This significant milestone is attributed to the diligent efforts of the Private Sector Subcontracting Regulatory Authority (ARSP). During his visit to Lualaba province, Miguel Kashal participated in the signing of contracts between these subcontractors and Kamoa Copper. He was accompanied by members of the ARSP Board of Directors, senior executives, and a strong delegation of entrepreneurs. The companies awarded the contracts include startups and local community members. The ARSP Director… Read More Here
Gold Prices Surge as DRC Poised for Increased Production in 2024 6 Mining in DRC Economy Gold 

Gold Prices Surge as DRC Poised for Increased Production in 2024

Constance
The price of gold has stabilized above $2,400 per ounce, with recent trading at $2,412 per ounce, nearing its historic high of $2,450 reached in May 2024. This positive trend comes as welcome news for the Democratic Republic of Congo (DRC), which is anticipating a rise in gold production this year. According to data from Bloomberg and other sources, gold prices have surged by 17% since the beginning of 2024. This increase has occurred despite challenges such as high interest rates and persistent inflation. On July 11, 2024, gold prices… Read More Here
Report: Africa can Boost Critical Minerals Supply Chains Through Strategic Investments and Technology 7 Battery Metals 

Report: Africa can Boost Critical Minerals Supply Chains Through Strategic Investments and Technology

Constance
African countries have the potential to enhance their position in the global critical minerals supply chain by leveraging technology for exploration, fostering attractive investment environments, and diversifying their international partnerships. This is the key finding of a report published on July 1, 2024, by the American think tank Atlantic Council. Titled “From Greenfield Projects to Green Supply Chains: Critical Minerals in Africa as an Investment Challenge,” the report highlights Africa’s central role in the global energy transition due to its vast mineral resources crucial for a low-carbon economy. The continent… Read More Here
DRC Chamber of Mines Honors Former President Louis Watum at Kinshasa Gala 8 Mining in DRC 

DRC Chamber of Mines Honors Former President Louis Watum at Kinshasa Gala

Constance
On Wednesday, July 17, 2024, the Chamber of Mines of the Democratic Republic of Congo held a special dinner at the Hilton Hotel in Kinshasa to honor Louis Watum, its former President and newly appointed Minister of Industry in the Suminwa Government. John Nkono, Secretary General of the Congolese Business Federation (FEC), spoke on behalf of the FEC President, conveying congratulations to Watum. Nkono recalled that just a week prior, FEC executives had celebrated Watum and his two colleagues appointed in the new government. “The President advised them to remember… Read More Here
Zambia's National Pension Scheme Authority Announces $200 Million Investment for Maamba Collieries Expansion 9 Mining in Zambia Infrastructural Development 

Zambia’s National Pension Scheme Authority Announces $200 Million Investment for Maamba Collieries Expansion

Constance
The National Pension Scheme Authority (NAPSA) has announced a significant investment of up to $200 million in debt to support the phase two expansion project of Maamba Collieries Ltd. This investment was revealed during a press briefing on July 16 by NAPSA Chairperson Shipango Muteto. Muteto emphasized that the expansion project represents a promising diversification within the authority’s energy sector investment portfolio. The Maamba Collieries expansion is expected to generate 1,200 jobs during the construction phase and 400 additional jobs once operational. This initiative marks NAPSA’s second major investment of… Read More Here
Turkey Seeks Access to Niger’s Uranium Deposits Amidst Shifts in Mining Rights 10 International Uranium 

Turkey Seeks Access to Niger’s Uranium Deposits Amidst Shifts in Mining Rights

Constance
On Wednesday, Turkey’s foreign, defense, and energy ministers visited Niger to negotiate access to the country’s substantial uranium reserves. This move comes in the wake of Niger’s recent revocation of mining rights held by Canadian and French companies, following the military coup that took control of the West African nation in July 2023. The Turkish delegation, led by Foreign Minister Hakan Fidan and accompanied by top intelligence official Ibrahim Kalin, aims to tap into Niger’s uranium resources to support Turkey’s expanding nuclear power sector. This interest is particularly relevant as… Read More Here

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