Breaking News
DRC Lawyers Pursue Apple Over Alleged 3T Mineral Laundering 1 Mining in DRC Tin 

DRC Lawyers Pursue Apple Over Alleged 3T Mineral Laundering

Constance
Lawyers representing the Democratic Republic of Congo (DRC) have secured government approval to explore legal avenues against tech giant Apple. The case centers on the alleged laundering of critical minerals—tin, tantalum, and tungsten—through Rwanda and private entities within Apple’s supply chain. Led by Robert Amsterdam (Amsterdam and Partners LLP, Washington DC) and William Bourdon (Bourdon et Associés, Paris), the DRC legal team claims to possess compelling evidence related to these so-called “blood” minerals. Whistleblowers have stepped forward, corroborating existing information about Apple’s operations in the DRC. The lawyers express concern… Read More Here
China's Coal Output Faces Challenges Amid Safety Checks and Increased Demand 2 International Coal 

China’s Coal Output Faces Challenges Amid Safety Checks and Increased Demand

Constance
China’s coal production growth for this year is expected to be in the range of -1% to 1%, a revision from the previously forecast 1% expansion, according to Li Xuegang, deputy chairman of the China Coal Transportation and Distribution Association (CCTD). Speaking at a seminar on Wednesday, Li highlighted the difficulties facing the industry. In 2023, China, the world’s largest coal producer, mined 4.66 billion metric tons of coal, marking a 2.9% year-on-year increase, according to the National Bureau of Statistics. However, meeting the production target for 2024 is proving… Read More Here
Trafigura's Head of Mergers and Acquisitions, Jesus Fernandez, to Retire 3 International Mergers & Acquisitions Mining Personality 

Trafigura’s Head of Mergers and Acquisitions, Jesus Fernandez, to Retire

Constance
Jesus Fernandez, the head of mergers and acquisitions at Trafigura Group, is set to retire, marking the latest senior departure from the commodity trading giant. Fernandez’s retirement follows nearly 20 years with the firm. Patrick Burke, another seasoned Trafigura dealmaker, will succeed him. Fernandez’s departure comes amid a period of significant turnover in the upper echelons of Trafigura, one of the world’s largest traders of oil, gas, and metals. Over the past 12 months, the company has experienced several senior exits and underwent a major reshuffle in September. Additionally, in… Read More Here
Solaris Resources Abandons Stake Sale to Zijin Mining Due to Canadian Regulatory Hurdles 4 International 

Solaris Resources Abandons Stake Sale to Zijin Mining Due to Canadian Regulatory Hurdles

Constance
Solaris Resources has terminated its plans to sell a minority stake to China’s Zijin Mining Group, citing concerns that the deal would not meet Canada’s stringent foreign investment standards in a timely manner, the Canadian company announced on Tuesday. In January, Solaris revealed its intention to sell a 15% stake in the company to state-owned Zijin for C$130 million (approximately $95 million) to support the development of its Warintza copper project in Ecuador. However, the transaction required approval under the Investment Canada Act, which was revised in late 2022 to… Read More Here
Companies Boycott Minerals from Conflict Zones in Eastern DRC 23 Mining in DRC Regional conflict 

Companies Boycott Minerals from Conflict Zones in Eastern DRC

Constance
Numerous companies have opted to refrain from purchasing minerals originating from areas under the control of M23/RDF rebels in Masisi territory, located in the province of North Kivu, Eastern Democratic Republic of Congo (DRC). This strategic decision aims to halt the financing of armed groups and combat human rights abuses associated with mining activities in conflict zones. Yvette Mwanza, the provincial president of the North Kivu Chamber of Mines, announced this collective boycott during an address to the local press. She emphasized the need for strict adherence to international standards… Read More Here
Zimbabwe Advances Plans for Local Production of Battery-Grade Lithium 24 International Battery Metals 

Zimbabwe Advances Plans for Local Production of Battery-Grade Lithium

Constance
Zimbabwe is making strides in its efforts to enhance its lithium industry, with four mining companies presenting proposals to produce battery-grade lithium within the country. This move reflects Zimbabwe’s ambition to refine lithium locally, a mineral crucial for electric vehicle batteries and renewable energy storage, aiming to bolster its economy. As Africa’s leading lithium producer, Zimbabwe is urging miners to process the mineral domestically, shifting away from the current practice where Chinese lithium miners primarily export lithium concentrates to China for further processing. Last November, Zimbabwe’s finance minister Mthuli Ncube… Read More Here
Tanzanians Encouraged to Invest in the Mining Sector 25 International 

Tanzanians Encouraged to Invest in the Mining Sector

Constance
As the clock ticks closer to the Third Forum on the Implementation of Tanzanian Participation in the Mining Sector, scheduled to kick off on May 22, 2024, Engineer Yahya Samamba, Executive Secretary of the Mining Commission, has emphasized the critical importance of capitalizing on investment opportunities within the Mining Sector. With Tanzania’s mining industry poised as a cornerstone of economic development, Engineer Samamba underscored its potential to significantly bolster the national economy through job creation and increased tax revenue. As Tanzanians eagerly anticipate the upcoming forum, set to take place… Read More Here
South African President Ramaphosa Commends DRC for Thwarting Coup Attempt 26 Mining in DRC Governance 

South African President Ramaphosa Commends DRC for Thwarting Coup Attempt

Constance
South African President Cyril Ramaphosa expressed his satisfaction following the failed coup attempt in the Democratic Republic of Congo (DRC) on Sunday, May 19. During an interview broadcast on his X account on Monday, May 20, 2024, Ramaphosa emphasized that the coup’s success would have been a “devastating blow” for the Southern African Development Community (SADC). “I spoke to Kinshasa yesterday. I wanted to know what had happened. They explained to me that they had managed to contain the attempted coup, to manage those who had attempted it, and to… Read More Here
Jean-Luc Mélenchon Blames Rwanda for Failed Coup Attempt in DRC 27 Mining in DRC Governance 

Jean-Luc Mélenchon Blames Rwanda for Failed Coup Attempt in DRC

Constance
Jean-Luc Mélenchon, president of the political party “La France Insoumise,” has reacted to the attempted coup on Sunday, May 19, in Kinshasa. Mélenchon, an opponent of Emmanuel Macron, accused Rwanda and its allies of orchestrating the failed coup. “Full support for the institutions of the DRC and President Tshisekedi who defeated a coup attempt by foreign agents linked to Rwanda and its allies,” wrote Mélenchon on his social media account. The DRC authorities have long accused Rwanda of supporting the M23 rebel group, which has been responsible for terror and… Read More Here

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