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India to Launch Geological Mapping and Mineral Exploration in Zambia 1 Mining in Zambia Exploration New Mining Projects 

India to Launch Geological Mapping and Mineral Exploration in Zambia

Constance
India is planning to initiate geological mapping and mineral exploration in Zambia to secure critical resources and strengthen bilateral relations. Last month, a delegation from India’s Ministry of Mines met with Zambian officials to begin negotiations. “We have discussed cooperation in geological mapping and mineral exploration with the Zambian government and are confident of signing a pact soon,” a government official stated. India’s goal is to better understand Zambia’s resources, secure access to critical minerals, diversify its supply chain, boost domestic industries, and enhance bilateral ties, the official explained. In… Read More Here
Epiroc Expands Live Work Elimination Products to Boost Mining Safety 2 International Mining Equipment Mining safety 

Epiroc Expands Live Work Elimination Products to Boost Mining Safety

Constance
Epiroc has set long-term 2030 sustainability targets within the areas of people and planet, in line with the Paris Agreement and the UN 2030 Agenda for Sustainable Development. The target under “People – Health and Safety” is to have no work-related injuries. To contribute to this, Epiroc has established a “Live Work Elimination” program, which is wider than the product offering. “The goal of our LWE program is to make sure that when people work on our equipment, they are not exposed to any energy that would put them in… Read More Here
African Mines to Supply Nearly 10% of Global Rare Earths by 2029 3 International Rare Earth Minerals 

African Mines to Supply Nearly 10% of Global Rare Earths by 2029

Constance
African mines are set to supply almost 10% of the world’s rare earth elements within the next five years, climbing from zero today and introducing new players into a market currently dominated by China. According to Benchmark Mineral Intelligence, eight mines in countries like Tanzania, Angola, Malawi, South Africa, and Uganda are expected to start production by 2029, contributing to 9% of the global supply. China currently mines about 70% of the world’s rare earths and refines almost all of them. These 17 elements are essential for producing magnets used… Read More Here
Barrick Continues to Invest in Mali 4 Gold International 

Barrick Continues to Invest in Mali

Constance
 Barrick president and chief executive Mark Bristow said on Tuesday, July 9th the need to guarantee the long-term viability of the Loulo-Gounkoto gold mining complex was of the utmost importance to ensure the Malian mining industry’s sustainability and maintain its substantial contribution to the country’s economy. Speaking to local media and stakeholders, Bristow noted that over the past 29 years Barrick had invested more than $10 billion in the Malian economy, with its mines accounting for between 5% and 10% of the country’s gross domestic product (GDP) annually. In the… Read More Here
A.I. Technology Uncovers Vast Copper Deposit in Zambia 5 Mining in Zambia Copper Economy 

A.I. Technology Uncovers Vast Copper Deposit in Zambia

Constance
Last year in California, data scientists peered into their screens and witnessed a remarkable revelation: a massive copper deposit deep in Zambia’s bedrock. This discovery, driven by years of A.I.-based research, marks a significant milestone for KoBold Metals. On Thursday, KoBold announced this potentially largest copper discovery in over a decade. Estimates reviewed by The New York Times suggest the mine could produce at least 300,000 tons of copper annually, translating to billions of dollars over decades. An independent third-party assessment largely confirmed the size of the deposit. KoBold anticipates… Read More Here
CMOC Group Plans to Double Copper Output in the DRC by 2028 6 Mining in DRC Cobalt Copper Economy 

CMOC Group Plans to Double Copper Output in the DRC by 2028

Constance
CMOC Group plans to more than double its copper output from mines in the Democratic Republic of Congo (DRC) over the next four years, anticipating stronger future demand for the metal. The Chinese producer aims to increase its copper production to between 800,000 and 1 million tons by 2028 by expanding operations at its flagship Tenke Fungurume and Kisanfu (KFM) mines in the DRC, according to a company spokesperson. In 2023, CMOC produced approximately 420,000 tons of copper and is forecast to increase output to about 570,000 tons this year.… Read More Here
JCHX Acquires 80% Stake in Lubambe Copper Mines from EMR Capital 7 Mining in Zambia Copper Mergers & Acquisitions 

JCHX Acquires 80% Stake in Lubambe Copper Mines from EMR Capital

Constance
The Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) announced yesterday July 10th 2024, that EMR Capital has sold its 80% shareholding in Lubambe Copper Mines Limited (“Lubambe”) to JCHX Mining Management Company Limited (“JCHX”). This acquisition was executed through JCHX’s wholly owned overseas subsidiary, Sundimo Mining Investments Limited (“Sundimo”), which will now hold 80% of the issued share capital of Lubambe, including claims on shareholder loans, via a Share Sale and Purchase Agreement. As the principal funder, JCHX, through Sundimo, plans to invest approximately USD 300 million… Read More Here
Maamba Collieries Limited Announces New 300 MW Power Plant Project 8 Mining in Zambia Electricity Hydro power plant 

Maamba Collieries Limited Announces New 300 MW Power Plant Project

Constance
The Board of ZCCM Investments Holding Plc (ZCCM-IH) has announced that Maamba Collieries Limited (MCL) has successfully reached an agreement with its anchor lenders to secure financing for the construction and installation of an additional 300 MW power plant, known as the Phase II Project. MCL has solidified its commitment to this project by signing a 20-year Power Purchase Agreement (PPA) with ZESCO Limited, Zambia’s national electricity utility company. This agreement will ensure the long-term viability and sustainability of the Phase II Project. Maamba Collieries Limited has a rich history,… Read More Here
DRC Ministers Discuss Financing for Key Energy Projects 9 Mining in DRC Energy 

DRC Ministers Discuss Financing for Key Energy Projects

Constance
In a bid to revitalize the energy sector, a crucial pillar for the Democratic Republic of Congo’s development, Minister of Finance Doudou Fwamba Likunde and Minister of Hydrological Resources Teddy Lwamba met on Sunday, July 7, 2024, to discuss the financing of impactful rapid projects. The ministers reviewed major initiatives such as the Grand Inga project, undertaken in partnership with the World Bank and the African Development Bank (AfDB), as well as other significant projects like Katende, Kakobola, and Tshopo II. “It is essential to invest in this sector. We… Read More Here
Perenco Denies Environmental Damage Amid Criticism of Oil Exploitation in Moanda 10 Mining in DRC Oil & Gas 

Perenco Denies Environmental Damage Amid Criticism of Oil Exploitation in Moanda

Constance
Facing criticism over the environmental impact of its oil operations in Moanda, Kongo-Central province, the Franco-British company Perenco firmly denies any involvement in environmental degradation. In a consultative meeting in Moanda with Kongo Central national deputies and various civil society groups, Minister of Hydrocarbons Molendo Sakombi, and Arthur Gueriot, general director of Perenco in the DRC, addressed the accusations. Gueriot insisted that Perenco operates in compliance with current environmental standards and is regularly inspected by both national and international organizations. According to Gueriot, the allegations of environmental harm are baseless… Read More Here

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