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CTPD Urges Zambia to Develop Comprehensive Oil Exploration and Production Policy 1 Mining in Zambia Exploration Oil & Gas 

CTPD Urges Zambia to Develop Comprehensive Oil Exploration and Production Policy

Constance
The Centre for Trade Policy and Development (CTPD) has called on the Zambian government to urgently develop an Oil Exploration and Production (E&P) Policy to attract significant investment in the oil and gas sector. Since the enactment of the Petroleum (Exploration and Production) Act in 2008, Zambia has faced challenges in attracting substantial investment in oil and gas exploration. Despite the country’s potential, geological risks and a lack of funding commitments have hindered progress. Dr. Stephen Kambani, Associate Researcher for Extractives at CTPD, noted that Zambia has conducted three licensing… Read More Here
Sibanye-Stillwater Resolves Illegal Sit-In at Kroondal Mine, Plans Employee Engagement 2 International 

Sibanye-Stillwater Resolves Illegal Sit-In at Kroondal Mine, Plans Employee Engagement

Constance
Multinational mining and metals processing group Sibanye-Stillwater announced it will engage with employees and representative unions at its Kroondal mine following the end of an illegal underground sit-in at the Kwezi shaft. Sibanye confirmed that all employees involved in the sit-in had exited the Kwezi shaft and returned to the surface by mid-afternoon on Wednesday. The sit-in, which began on Monday, June 3, involved more than 200 employees. The protest was initiated due to grievances over the non-receipt of employee share option payments. However, the company clarified that Kroondal employees… Read More Here
Peru Authorizes Barrick Gold for Southern Border Mining Exploration 3 International Exploration Gold 

Peru Authorizes Barrick Gold for Southern Border Mining Exploration

Constance
Peru’s government has granted Barrick Gold permission to conduct mining explorations in the country’s southern border region, Prime Minister Gustavo Adrianzen announced on Wednesday. According to Peru’s constitution, foreign private investment within 50 km of the country’s border requires approval from the Cabinet of Ministers. “The expansion of our mining portfolio is essential, given that this activity drives the economic reactivation process,” Adrianzen stated during a press conference. Mining is a crucial component of Peru’s economy, accounting for 60% of the nation’s exports, primarily from the copper sector. The government… Read More Here
Snow Lake Resources Launches 2024 Exploration Program at Engo Valley Uranium Project 4 Uranium Exploration 

Snow Lake Resources Launches 2024 Exploration Program at Engo Valley Uranium Project

Constance
Snow Lake Resources has established a field camp at the Engo Valley Uranium Project, marking the start of its 2024 exploration program. The company recently entered into a binding letter of intent with Namibia Minerals and Investment Holding, a private British Columbia company, to acquire up to 85% of the project. Namibia Minerals and Investment Holding holds 100% of the rights, title, and interests in EPL-5887. Although the acquisition is still subject to customary closing conditions, Snow Lake has planned a multi-phase exploration program for 2024. Field crews began mobilizing… Read More Here
B2Gold Announces Extensive Drilling Plan for Antelope Underground Project in 2024 5 International Gold 

B2Gold Announces Extensive Drilling Plan for Antelope Underground Project in 2024

Constance
B2Gold plans to drill 39,000 meters at the Antelope underground project in 2024. The Antelope Deposit is located approximately 3 km south of the Phase 5 open pit at the Otjikoto Mine. In 2023, B2Gold completed 20,715 meters of drilling in 37 holes at the Antelope deposit, which includes the Springbok Zone, with intersections of 12.88 g/t Au over 7.60 meters, and the Oryx Zone, with 9.86 g/t Au over 7.48 meters. In January 2024, the company announced positive exploration results from the Antelope deposit, suggesting its potential for underground… Read More Here
HARNESSING ZAMBIA’S MINES FOR CLIMATE CHANGE INVESTMENT: A GREEN INITIATIVE TAKES ROOT 6 Mining in Zambia Copper Environment Social Governance (ESG) Press Release 

HARNESSING ZAMBIA’S MINES FOR CLIMATE CHANGE INVESTMENT: A GREEN INITIATIVE TAKES ROOT

Constance
Zambia, renowned for its abundant mineral resources, is now emerging as a potential leader in climate change investment. However, in recent years, Zambia’s landscape has not been spared the effects of climate change, from erratic weather patterns to dwindling natural habitats. Amidst these challenges, a beacon of hope emerges: the role of mines as potential investors in climate change programmes. In a ground-breaking move, several mining companies operating within Zambia have begun to recognise their role in combating climate change and have taken proactive steps to invest in sustainable initiatives.… Read More Here
Four More Bodies Recovered from Sensele Mine Accident 7 Mining in Zambia Mining safety News in Brief 

Four More Bodies Recovered from Sensele Mine Accident

Constance
Tthe bodies of four miners have been retrieved from tunnels at Sensele Mine, in Chingola as the search continues for over 30 small-scale miners trapped underground since December 2023. Copperbelt Permanent Secretary Augustine Kasongo confirmed the recovery. The four bodies were removed from the same site where 13 bodies and one survivor were previously found. Mr. Kasongo expressed optimism that more bodies will be recovered from sites one and two. Preparations for a mass burial are underway as families work to identify the recovered bodies. SOURCE:znbc Read More Here
Russia and Senegal Strengthen Ties with Economic Collaboration Plans 8 International Governance 

Russia and Senegal Strengthen Ties with Economic Collaboration Plans

Constance
Russia and Senegal, a West African country, have announced plans for deeper collaboration. In April, Russian Foreign Ministry spokesperson Maria Zakharova expressed confidence in Senegal’s newly elected president, Bassirou Diomaye Faye, affirming that Russia’s ties with Senegal would be reinforced during his administration. The Russian newspaper Sputnik recently interviewed Russian Ambassador to Senegal Dmitry Kurakov, who disclosed Russia’s intention to enhance its partnership with Senegal under President Bassirou Diomaye Faye’s leadership. “We are looking forward to establishing a joint commission on economic cooperation. Now, it all depends on the Senegalese… Read More Here
Russia Eyes Uranium Assets in Niger Amid Strengthening Ties with Military-Led Authorities 9 International Uranium 

Russia Eyes Uranium Assets in Niger Amid Strengthening Ties with Military-Led Authorities

Constance
Reports indicate that Russia is exploring the acquisition of uranium assets in Niger currently held by the French state-controlled company Orano SA, according to sources familiar with the matter. Rosatom, Russia’s state nuclear company, has engaged in discussions with Niger’s military-led authorities regarding the potential acquisition of assets owned by Orano SA, as revealed by a source in Moscow who requested anonymity, as reported by Bloomberg. A western diplomat based in the region suggested that the discussions likely involve mining permits. Niger accounted for approximately 4% of global uranium mine… Read More Here
China Monitors Zambia's Debt Restructuring, Pledges Continued Support 10 Mining in Zambia Economy Governance 

China Monitors Zambia’s Debt Restructuring, Pledges Continued Support

Constance
China is closely monitoring negotiations surrounding Zambia’s debt restructuring and has reaffirmed its commitment to supporting the African nation. At a recent press conference in Beijing, Chinese Foreign Ministry spokesman Mao Ning emphasized China’s leading role in Zambia’s debt relief efforts. He noted that China was the first official creditor to offer debt relief and co-chaired the Committee of Official Creditors, which played a key role in achieving significant progress on restructuring Zambia’s debt. Mao Ning stated China’s intention to continue collaborating with relevant parties to monitor the progress of… Read More Here

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