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HUAWEI SA ready to receive the list of subcontractors recommended by the ARSP 1 Mining in DRC 

HUAWEI SA ready to receive the list of subcontractors recommended by the ARSP

Constance
After consultation with the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, the HUAWEI company agrees to give market opportunities to eligible companies based on the recommendations made by the ‘ARSP.The announcement was made by the Director General of ARSP. This is one of the results of the control carried out by the ARSP in companies which continues to produce positive effects in different sectors of activity. For the ARSP, this measure is a huge step forward in the promotion of the… Read More Here
DRC Condemns Rwanda and M23 for Imposing New Taxes on Rubaya Mines 2 Mining in DRC Mining tax 

DRC Condemns Rwanda and M23 for Imposing New Taxes on Rubaya Mines

Constance
The Government of the Democratic Republic of Congo (DRC), through its Ministry of Mines, has condemned the new taxes imposed by Rwanda and its proxies, the March 23 Movement (M23), on the Rubaya mines in Masisi territory, North Kivu province. In a press release, Minister of Mines Antoinette Nsamba Kalambayi expressed grave concern over the situation. She protested that traders and artisanal miners at the Rubaya mining site, currently occupied by M23 with Rwandan support, are being forced to pay exorbitant taxes: $3,000 per tonne for coltan and $2,000 per… Read More Here
Rwanda and M23 Rebels Intensify Illicit Mineral Exploitation in Rubaya 3 Mining in DRC Regional conflict 

Rwanda and M23 Rebels Intensify Illicit Mineral Exploitation in Rubaya

Constance
Rwanda and the M23 rebels are escalating their exploitation of 3T minerals (tin, tungsten, and tantalum), in Rubaya, a mining town in North Kivu province, These ores are purchased from artisanal miners, stored in the large Mushake deposits, and then transported to Rwanda. On May 8, 2024, Antoinette N’Samba, the Minister of Mines of the Democratic Republic of Congo (DRC), issued a press release appealing to the United Nations and the International Conference on the Great Lakes Region (ICGLR) to address the illicit exploitation of minerals in Rubaya by Rwanda… Read More Here
US Government Considers Easing Sanctions on Billionaire Dan Gertler in Exchange for Congo Exit 4 Mining in DRC 

US Government Considers Easing Sanctions on Billionaire Dan Gertler in Exchange for Congo Exit

Constance
The US government is considering easing sanctions on billionaire mining magnate Dan Gertler if he agrees to give up his business operations and assets in the Democratic Republic of Congo (DRC). This move aims to address the tension between Washington’s interest in critical minerals and Gertler’s problematic royalties ownership. The Treasury Department is prepared to offer limited sanctions relief to Gertler, an Israeli citizen, as an incentive for him to exit Congo entirely. This includes relinquishing his royalty streams from three strategic mining projects, according to two US officials who… Read More Here
Anglo American freezes hiring amid global shake-up 5 International 

Anglo American freezes hiring amid global shake-up

Constance
Anglo American (LON: AAL), the takeover target of mining giant BHP (ASX: BHP), has frozen hiring globally as it works on a company-wide restructuring announced earlier this week. The decision, first reported by Reuters, affects recruitment of all non-site-based permanent employees and contractors. “Having set out the results of our strategy review and the changes we will be making to our portfolio, this is an appropriate measure,” a spokesman told the news agency. “Clearly there will be exceptions for critical roles.” Anglo American to sell De Beers, Amplats to fend… Read More Here
Gemfields aids authorities in securing prison sentences for bribery totalling 5 years 9 months 6 Mining in Zambia Emeralds Press Release 

Gemfields aids authorities in securing prison sentences for bribery totalling 5 years 9 months

Constance
The former chief of staff to Andry Rajoelina, the President of Madagascar, was jailed for three and a half years by a London court on Friday 10 May 2024 for soliciting a bribe from Gemfields, the 75% owner of Kagem Mining Ltd. The former chief of staff, Romy Andrianarisoa (47) and her French accomplice, Philippe Tabuteau (54) sought nearly USD 300,000 by wire transfer plus 5% of any Gemfields mining operation in Madagascar in return for assisting Gemfields in establishing a gemstone joint venture in the country. Tabuteau, who had… Read More Here
Barrick Advances Clean Energy Transition Across Global Operations 7 Gold 

Barrick Advances Clean Energy Transition Across Global Operations

Constance
Barrick’s commitment to reducing greenhouse gas (GHG) emissions is gaining momentum as it reaches key milestones in its transition to clean energy. The commissioning of 50% of the TS Solar Power facility at Nevada Gold Mines (NGM) in April signifies a significant step forward in its greenhouse gas reduction roadmap. With an initial energy-producing capacity of 100 megawatts, the solar facility began supplying power to NGM’s operations in April. Upon completion of the second phase in the second quarter of 2024, adding another 100 megawatts, the solar array will meet… Read More Here
IMF Director Urges Europe to Pursue Bold Reforms for Sustainable Growth 8 International Economy 

IMF Director Urges Europe to Pursue Bold Reforms for Sustainable Growth

Constance
In a recent seminar hosted by the European Central Bank (ECB), Alfred Kammer, Director of the International Monetary Fund’s European department, delivered a keynote speech outlining Europe’s path to enduring growth amidst global challenges. Mr. Kammer began by acknowledging Europe’s successful navigation through recent crises, including Russia’s invasion of Ukraine and energy shocks. Despite these hurdles, Europe’s recovery remains on track, buoyed by domestic demand and improving consumer sentiment. However, Mr. Kammer stressed the need for sustained efforts to lift Europe’s medium-term growth outlook, identifying low productivity as a critical… Read More Here
Rio Tinto CEO Jakob Stausholm Emphasizes Prudent Approach to Mergers and Acquisitions 9 International Mergers & Acquisitions 

Rio Tinto CEO Jakob Stausholm Emphasizes Prudent Approach to Mergers and Acquisitions

Constance
Amidst ongoing discussions regarding mergers and acquisitions (M&A) in the mining sector, Rio Tinto CEO Jakob Stausholm has reiterated the company’s openness to such endeavors while emphasizing the importance of a cautious approach. Speaking at this week’s Bank of America global metals, mining, and steel conference in Miami, Stausholm made it clear that Rio Tinto is not averse to M&A activities. However, he emphasized that the company’s growth strategy is not solely reliant on such ventures. Stausholm highlighted the strength of Rio Tinto’s organic growth options and its improved project… Read More Here
Tertiary Minerals Receives Environmental Approval for Mupala Copper Project in Zambia 10 Mining in Zambia Copper New Mining Projects 

Tertiary Minerals Receives Environmental Approval for Mupala Copper Project in Zambia

Constance
Tertiary Minerals, an AIM-listed mineral exploration and development company, has secured approval for the environmental project brief (EPB) for its Mupala Copper Project in Zambia. This milestone allows Tertiary Minerals to commence mineral exploration activities at the Mupala project, following the approval granted by the Zambia Environmental Management Agency. The approval comes after obtaining a letter of consent from the Sailunga Chiefdom earlier this year. Preparations are underway to kickstart work programs next month, which will include soil sampling to verify identified anomalies and assist with surface regolith mapping. Situated… Read More Here

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