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Galileo Resources to Launch Phase 3 Drilling at Zambia’s Shinganda Copper/Gold Project 1 Mining in Zambia Copper Drilling Gold 

Galileo Resources to Launch Phase 3 Drilling at Zambia’s Shinganda Copper/Gold Project

Constance
Aim-listed Galileo Resources has announced the commencement of a Phase 3 drilling program at its Shinganda copper/gold project in Zambia. This phase aims to validate the company’s belief that near-surface copper and gold mineralization occurs along the Shinganda fault splay over a strike length of more than 4 km, potentially leading to the development of a preliminary mineral resource. Phases 1 and 2 of the drilling program confirmed the presence of copper and gold mineralization associated with major regional and localized structures. Mineralization has been identified in vein and alteration… Read More Here
Jubilee Metals Acquires Two Opencast Copper Mines in Zambia 2 Mining in Zambia Copper Mergers & Acquisitions 

Jubilee Metals Acquires Two Opencast Copper Mines in Zambia

Constance
Johannesburg- and London-listed Jubilee Metals has acquired two opencast copper mining operations in Zambia. “The strategic acquisition of these two opencast operations demonstrates our ability to leverage our process capabilities to secure significant near-surface copper resources already in operation,” said Jubilee CEO Leon Coetzer. Jubilee Metals, chaired by former Mpumalanga Premier Mathews Phosa, continues to advance as a diversified metals producer. Jubilee, listed on AltX and Aim, specializes in the recovery of metal from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials, and tailings in South Africa… Read More Here
CEC Renewables Marks Milestone with First Green Bond Coupon Payment 3 Mining in Zambia Energy Green Energy 

CEC Renewables Marks Milestone with First Green Bond Coupon Payment

Constance
CEC Renewables, a subsidiary of Copperbelt Energy Corporation PLC (CEC), has proudly announces its first Green Bond coupon payment of USD 2.4 million. This payment marks the sixth month anniversary of the bond, making it tradeable on the Lusaka Securities Exchange. This milestone underscores the role and viability of Green Bond investments in Zambia and highlights CEC Renewables’ commitment to delivering value to both the country and its investors. In partnership with CEC PLC, CEC Renewables launched Zambia’s first USD 200 million Green Bond Program, successfully issuing the first tranche… Read More Here
US Supports Angola's Transition to Clean Energy and Critical Minerals 23 International Battery Metals Oil & Gas 

US Supports Angola’s Transition to Clean Energy and Critical Minerals

Constance
The United States is backing Angola’s shift away from its oil-dominated economy towards becoming a major processor and exporter of critical minerals and clean energy, a senior official confirmed. Geoffrey Pyatt, US Assistant Secretary of State for Energy Resources, highlighted the alignment between Angola and the US on energy access, security, decarbonization, and critical minerals during an online media briefing on Tuesday. Angola, a significant crude oil producer in Africa, has emerged as a strategic focus for the US in its efforts to secure critical minerals like copper, amid competition… Read More Here
Africa: the continent's hydroelectric potential estimated at 42 GW in 2023 (IHA) 24 Hydro power plant 

Africa: the continent’s hydroelectric potential estimated at 42 GW in 2023 (IHA)

Constance
Africa, boasting the world’s largest untapped hydroelectric potential estimated at 42 GW, faces a stark reality where over 570 million people still lack access to electricity, as highlighted in a recent report by the International Hydropower Association (IHA). Hydropower remains pivotal to Africa’s energy landscape, currently supplying 40% of electricity in sub-Saharan Africa. The competition for leadership in hydroelectric capacity among African nations is intense. According to the report, Ethiopia leads with 4,825 MW, followed by Angola at 3,836 MW, and South Africa at 3,600 MW. Nigeria, Uganda, DRC, Tanzania,… Read More Here
President Tshisekedi Launches Construction of Kinshasa Ring Roads 25 Mining in DRC Infrastructural Development 

President Tshisekedi Launches Construction of Kinshasa Ring Roads

Constance
On Saturday, June 22, 2024, President Félix-Antoine Tshisekedi officially launched the construction of the South-West and South-East ring roads in Kinshasa from the Mitendi site. These new peripheral roads are designed to create a rapid route around part of the city to alleviate congestion in the central arteries of Kinshasa. This project is part of the “infrastructure” component of the 5th amendment to the Chinese contract. Prior to the commencement of construction, extensive studies were conducted by experts from the Congolese Agency for Major Works (ACGT), the Office of Roads… Read More Here
EU's MoU with Rwanda on Critical Raw Materials Sparks Controversy in DRC 26 Mining in DRC 

EU’s MoU with Rwanda on Critical Raw Materials Sparks Controversy in DRC

Constance
During his visit to the Democratic Republic of Congo (DRC), Janez Lenarčič, European Commissioner for Humanitarian Aid, addressed ACTUALITE.CD readers to clarify the context and objectives of the recently signed memorandum of understanding (MoU) between the European Union (EU) and Rwanda regarding critical raw materials. “The MoU with Rwanda on critical raw materials is part of a broader initiative aimed at transforming regional mineral trafficking into sustainable trade,” Lenarčič explained. “This builds on the MoU signed with the DRC in October 2023, which shares the same goal: to foster a… Read More Here
ARSP publishes 7 calls for tenders from the mining company KISANFU on its website 27 Mining in DRC Mining Supply Tenders 

ARSP publishes 7 calls for tenders from the mining company KISANFU on its website

Constance
KISANFU SARL Issues Seven Tenders for Essential Mining and Construction Supplies The Regulatory Authority for Subcontracting in the Private Sector has announced the publication of seven calls for tenders from KISANFU SARL, a subsidiary of the CMOC Group. These tenders pertain to the supply of various essential goods necessary for mine operations and the construction of the company’s infrastructure and facilities. The goods required by KISANFU SARL include fuel oil, sulfuric acid, quicklime, limestone, cement, gravel, and sand. The details of the tenders are as follows: 1.Supply of fuel oil:… Read More Here
Zambia Proposes K41.9 Billion Supplementary Budget to Combat Severe Drought and Manage Debt 28 Mining in Zambia Economy 

Zambia Proposes K41.9 Billion Supplementary Budget to Combat Severe Drought and Manage Debt

Constance
Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, presented the Supplementary Estimates of Expenditure No. 1 of 2024 to Parliament, proposing a K41.9 billion budget to address the severe impacts of the ongoing drought and manage the country’s debt obligations. Dr. Musokotwane detailed the grave situation necessitating this supplementary budget. The drought, described as the worst in nearly sixty years, has affected over 9.8 million people—nearly 48 percent of the population—causing significant crop loss, water scarcity, and power generation issues. The agricultural sector is expected to decline by… Read More Here

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