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ARSP Cancels Fraudulent Certificates for ERG Group's Subcontractors in DRC 1 Mining in DRC Economy Governance 

ARSP Cancels Fraudulent Certificates for ERG Group’s Subcontractors in DRC

Constance
Michel Kashal, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), has taken decisive action against nine subcontracting companies associated with the ERG group. These companies were found to have fraudulently obtained registration certificates. The announcement was broadcast on Monday, May 20, 2024, via Radio Télévision Nationale Congolaise (RTNC 1). Among the implicated subcontractors are METALKOL, FRONTIER, BOSS MINING, and COMIDE, all entangled in the practice of nominee registrations. Following their removal from the subcontracting market in the Democratic Republic of Congo (DRC), the ARSP… Read More Here
Hydrogen Council appoints Ivana Jemelkova as New CEO 2 International Energy Mining Personality 

Hydrogen Council appoints Ivana Jemelkova as New CEO

Constance
Global CEO-led initiative the Hydrogen Council has appointed Ivana Jemelkova as CEO, following an extensive, international search. She succeeds Daryl Wilson, who stepped down as executive director of the Hydrogen Council in September 2023 owing to health reasons. During the nine-month transition period, Hydrogen Council operations director Steven Libbrecht acted as interim executive director, while policy and partnerships director Daria Nochevnik took on additional external representation duties.  Jemelkova, who will assume her new role on June 3, is a recognised leader in energy and sustainability, with a record of building and managing successful coalitions and partnerships to accelerate… Read More Here
Natural Oilfield to Replace Fortescue in DRC’s Grand Inga Hydropower Project 3 Mining in DRC Electricity Hydro power plant 

Natural Oilfield to Replace Fortescue in DRC’s Grand Inga Hydropower Project

Constance
An Australian mining company, previously led by billionaire Andrew Forrest, has stepped back from developing the world’s largest hydropower project in the Democratic Republic of Congo (DRC). President Felix Tshisekedi’s office announced that Natural Oilfield Services, a Nigerian oil producer, will now take the reins. The revised plan involves constructing a 7-GW facility on the Congo River, scaled down from Fortescue’s ambitious Grand Inga project, which aimed to generate around 40 GW of hydropower. Additionally, the proposal includes an aluminum foundry and a refinery capable of processing millions of tons… Read More Here
President Tshisekedi Highlights Shift Towards BRICS Amid Criticism of Western Attitudes 4 Mining in DRC Economy Governance 

President Tshisekedi Highlights Shift Towards BRICS Amid Criticism of Western Attitudes

Constance
During his recent official visit to France in early May, President Félix-Antoine Tshisekedi of the Democratic Republic of Congo (DRC) discussed his country’s international stance in an interview with French journalist Darius Rochebin on LCI. President Tshisekedi criticized Western nations, particularly in Europe, for their lack of understanding of African realities and their perceived arrogance in giving lessons. He emphasized his preference for engaging with Russia and China over Western countries. DRC’s Engagement with BRICS and the Shift in Global Power At the 15th BRICS Summit last September, the DRC… Read More Here
Zimbabwe's President Mnangagwa Extends Condolences to Iran Over President Raisi's Death 5 International Governance 

Zimbabwe’s President Mnangagwa Extends Condolences to Iran Over President Raisi’s Death

Constance
President Emmerson Mnangagwa of Zimbabwe has extended his heartfelt condolences to the people of Iran following the tragic death of Iranian President Ebrahim Raisi in a helicopter crash in northwestern Iran. The crash also claimed the lives of the governor of East Azerbaijan province and other senior officials, including Iran’s Foreign Minister. In a statement reported by The Herald, President Mnangagwa reaffirmed Zimbabwe’s commitment to collaborating with Iran in advancing mutual socio-economic development goals despite existing sanctions. He expressed optimism for continued cooperation in memory of President Raisi’s legacy, recalling… Read More Here
Anglo’s second largest investor demands BHP bid revision 6 International 

Anglo’s second largest investor demands BHP bid revision

Constance
Anglo American’s (LON: AAL) second largest investor said on Wednesday it believes BHP’s (ASX: BHP) takeover bid requires “meaningful revision” in public remarks made just hours before the deadline for the larger miner to lodge a formal bid or withdraw. South African state-owned asset manager the Public Investment Corporation (PIC), which owns shares in both miners, said any proposal by BHP should reflect “the embedded value of existing Anglo assets” as well as the potential future benefits the bidder can gain, particularly from the target company’ unlisted assets. “This would… Read More Here
Six new large mines need to come online annually by 2050 to meet global copper demand – study 7 International Copper 

Six new large mines need to come online annually by 2050 to meet global copper demand – study

Constance
A study by researchers at the University of Michigan and Cornell University has found that copper cannot be mined quickly enough to keep up with current US policy guidelines to transition the country’s electricity and vehicle infrastructure to renewable energy. The paper, published by the International Energy Forum, examined 120 years of global data from copper mining companies and calculated how much copper the US electricity infrastructure and car fleet would need to upgrade to renewable energy. It found that renewable energy’s copper needs would outstrip what copper mines can… Read More Here
President Hichilema Strengthens Ties with Norway 8 Mining in Zambia Economy Energy Governance 

President Hichilema Strengthens Ties with Norway

Constance
President Hakainde Hichilema of Zambia recently held a bilateral meeting with Ms. Anne Beathe Kristiansen Tvinnereim, Minister of International Development of Norway, during the Africa Fertiliser and Soil Health Summit.  The meeting focused on deepening cooperation between Zambia and Norway for mutual socio-economic benefits. President Hichilema emphasized Zambia’s desire to enhance collaboration in areas that promote socio-economic development, resilience building, and business partnerships.  He highlighted the need to address climate change impacts and create an investment-friendly environment in the agriculture sector. Ms. Tvinnereim praised President Hichilema’s approach to climate change… Read More Here
Minister of Technology Mutati Highlights Benefits of Lusaka-Ndola PPP Project 9 Mining in Zambia Infrastructural Development Transport and Logistics 

Minister of Technology Mutati Highlights Benefits of Lusaka-Ndola PPP Project

Constance
At the groundbreaking ceremony for the Lusaka-Ndola dual carriageway, Minister of Technology and Science, Hon. Felix Mutati MP, highlighted the significance of Zambia’s first major Public-Private Partnership (PPP) project, which promises numerous benefits. The $650 million USD contract with AVIC will allocate 20% of the work to Zambian subcontractors, involving local companies in the project alongside AVIC. Minister Mutati emphasized the importance of dedication and high-quality work from these subcontractors, hoping this experience will enable them to manage similar projects independently in the future. To equip Zambian youths with necessary… Read More Here
President Hichilema Breaks Ground on Lusaka-Ndola Dual Carriageway Project 10 Mining in Zambia Infrastructural Development Transport and Logistics 

President Hichilema Breaks Ground on Lusaka-Ndola Dual Carriageway Project

Constance
President Hakainde Hichilema officiated the groundbreaking ceremony for the Lusaka-Ndola dual carriageway, marking a historic milestone for Zambia. This major infrastructure initiative, under the Public-Private Partnership (PPP) model, aims to save government funds while significantly improving the nation’s road network. President Hichilema highlighted the project’s importance in enhancing Zambia’s transportation infrastructure. The Lusaka-Ndola dual carriageway is expected to increase travel safety, reduce travel times, and strengthen connectivity between key economic areas. “We are committed to enhancing transportation efficiency and fostering economic growth,” the President stated. He urged developers to ensure… Read More Here

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