Breaking News
China Monitors Zambia's Debt Restructuring, Pledges Continued Support 1 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
Newly re-elected Haut-Katanga Governor Jacques Kyabula Katwe to speak at DRC Mining Week in June 2 Events & Expos Mining in DRC Sponsored Content 

Newly re-elected Haut-Katanga Governor Jacques Kyabula Katwe to speak at DRC Mining Week in June

arnbethnic
“Advancing the industry in Haut-Katanga Province and beyond”  The organisers of DRC Mining Week have announced that the newly re-elected governor of Haut-Katanga, Jacques Kyabula Katwe, will return to the event in June and deliver the welcome address on the opening day on 12 June. The 19th edition of this long-running flagship event by VUKA Group is taking place in Lubumbashi from 12–14 June. H.E. Jacques Kyabula Katwe was re-elected as governor of Haut-Katanga at the end of April.In a letter to the organisers, Governor Kyabula Katwe congratulated the DRC Mining… Read More Here
Sibanye-Stillwater's Cost-Cutting Measures to Save R6.6 Billion Annually 3 International 

Sibanye-Stillwater’s Cost-Cutting Measures to Save R6.6 Billion Annually

Constance
Green metals and gold mining company Sibanye-Stillwater has implemented measures to address loss-making assets, which are expected to secure annual savings and capital expenditure deferrals of R6.6 billion, announced Chairperson Dr. Vincent Maphai at the company’s online AGM on Tuesday. The Johannesburg- and New York-listed platinum group metals major is focusing on strategic essentials, such as reducing operating and capital costs and improving efficiencies. While prepared for an extended period of low prices, the company remains optimistic about the outlook for its produced metals. Despite the low prices, Sibanye-Stillwater, which… Read More Here
Lobito Corridor to Enhance Freight Capacity with 275 New Wagons from South Africa's Galison Manufacturing 4 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor to Enhance Freight Capacity with 275 New Wagons from South Africa’s Galison Manufacturing

Constance
In furtherance of the commitment to invest $455 million in Angola, the Lobito Atlantic Railway—a consortium of Trafigura, Mota-Engil, and Vecturis—has awarded a contract to South Africa’s Galison Manufacturing to supply 275 container wagons over 30 months. This investment, part of a larger procurement plan for 35 locomotives and 1555 wagons, aims to enhance the Lobito Corridor’s freight capacity. The Lobito Atlantic Railway, a consortium of Trafigura, Mota-Engil, and Vecturis, has previously pledged to invest $455 million in Angola, much of which will go towards procuring 35 locomotives and 1555… Read More Here
USAID Administrator Announces New Investments Along the Lobito Corridor 5 International Transport and Logistics 

USAID Administrator Announces New Investments Along the Lobito Corridor

Constance
USAID Administrator Samantha Power and Deputy Secretary Richard Verma visited Luanda, Angola, on April 23-25, 2024. They focused on enhancing the business environment, particularly in agriculture with special focus on Lobito Corridor developments. A key announcement included a $235 million USAID investment over five years to support Angola’s National Development Plan and fund a variety of programs within the Lobito Corridor. Administrator Samantha Power and Deputy Secretary of State for Management and Resources Richard Verma visited Luanda, Angola, on April 23, 2024. During their visit, they met with government officials,… Read More Here
FQM AFFIRMS COMMITMENT TO ZAMBIA'S GROWTH WITH OVER $727.8M CONTRIBUTION IN 2023  6 Mining in Zambia Copper Mining tax Taxes 

FQM AFFIRMS COMMITMENT TO ZAMBIA’S GROWTH WITH OVER $727.8M CONTRIBUTION IN 2023 

Constance
First Quantum Minerals (FQM), has reaffirmed its commitment to transparency and sustainable development in Zambia by announcing US$727.8 million of contributions to the nation in 2023, according to the company’s latest Tax Transparency and Contributions to Government Report.  The report highlights FQM’s contributions to the Zambian economy and local communities through its Kansanshi copper mine in Solwezi, Trident projects in Kalumbila, as well as First Quantum Mining and Operations (FQMO). In 2023, FQM’s Kansanshi contributed US$153.3 million, while FQM Trident contributed US$263 million in taxes and royalties. Of the royalties paid at… Read More Here
President Tshisekedi Fires Intelligence Chief Following Failed Coup Attempt 7 Mining in DRC Governance 

President Tshisekedi Fires Intelligence Chief Following Failed Coup Attempt

Constance
President Félix Tshisekedi of the Democratic Republic of Congo has swiftly responded to a recent failed coup attempt by removing Daniel Lusadisu from his position as the head of the National Intelligence Agency (ANR). This decisive action is part of Tshisekedi’s broader efforts to strengthen national security after the attempted overthrow threatened the country’s stability. Lusadisu’s dismissal was confirmed by the government on Friday, following a direct order from President Tshisekedi. The President, known for his commitment to reform and fortify national security measures, is reportedly planning additional changes within… Read More Here
South African Peacekeeper Killed in Clashes with M23 Rebels in Eastern DRC 8 Mining in DRC Regional conflict 

South African Peacekeeper Killed in Clashes with M23 Rebels in Eastern DRC

Constance
The South African National Defence Force (SANDF) has confirmed the death of one of its peacekeeping soldiers following violent clashes with M23 rebels near the city of Sake in North Kivu province, eastern Democratic Republic of Congo. The city is located 27 kilometers west of Goma. The SANDF reported that 13 other soldiers were wounded in the intense confrontation with the M23 rebels. The clashes were triggered by an ambush initially launched by the Congolese army (FARDC), to which the M23 rebels retaliated fiercely. “The members of the SANDF came… Read More Here
Illegal Gold Mining Threatens Okapi Wildlife Reserve in Ituri Province 9 Mining in DRC Gold 

Illegal Gold Mining Threatens Okapi Wildlife Reserve in Ituri Province

Constance
During a workshop organized by the Wildlife Conservation Society (WCS) to present their research findings, it was revealed that over 70 gold mining sites are operating illegally within the Okapi Wildlife Reserve (RFO) in Mambasa territory, Ituri province. Rodrigues Kiluka, Coordinator of stakeholders in the RFO mining industry, highlighted that this illicit gold mining is contributing significantly to the destruction of this protected area. He also condemned the involvement of certain militias in these illegal activities. Mining stakeholders, who are initiating projects to protect the reserve, have expressed their concerns… Read More Here
Congolese Civil Society Criticizes Inconsistent Electrification Policy in Open Letter to President Tshisekedi 10 Mining in DRC Hydro power plant 

Congolese Civil Society Criticizes Inconsistent Electrification Policy in Open Letter to President Tshisekedi

Constance
Concerned about the lack of vision and repeated trial-and-error approaches to the electrification policy in the Democratic Republic of Congo (DRC), Congolese civil society has voiced its apprehensions. United within the Wakisha collective, 18 member organizations sent an open letter to President Félix Tshisekedi following the signing of a new agreement on the Inga 3 project. The Wakisha collective expressed serious concerns about the new memorandum of understanding (MoU) for the Inga 3 dam, a mega project aimed at building a new dam with a minimum capacity of around 7,000… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.