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Angola to Link National Rail Corridors -Transport Minister 1 International Transport and Logistics 

Angola to Link National Rail Corridors -Transport Minister

Constance
Ricardo D’Abreu, Angola’s Minister of Transport, has reiterated the government’s commitment to connecting the country’s three main national rail corridors, signaling a significant step towards enhancing transportation infrastructure. These corridors encompass the Northern Corridor, spanning the provinces of Luanda, Cuanza-Norte, and Malange; the Central Corridor, famously known as the Lobito Corridor, traversing Benguela, Huambo, Bié, and Moxico provinces; and the Southern Corridor, stretching from Moçâmedes in Namibe to Menongue in Cuando Cubango. D’Abreu disclosed that the government is currently conducting a comprehensive study for the project, with the subsequent focus… Read More Here
Zambia's Cabinet Approves Beira Development Corridor Agreement 2 Mining in Zambia Transport and Logistics 

Zambia’s Cabinet Approves Beira Development Corridor Agreement

Constance
The Zambian Cabinet, under the leadership of President Hakainde Hichilema, has given the green light to the Beira Development Corridor Agreement, a significant move poised to bolster regional trade and infrastructure development. This agreement involves Zambia, the Democratic Republic of Congo, Malawi, Mozambique, and Zimbabwe, aiming to establish a cooperative framework for the Beira Corridor, a pivotal trade route for landlocked nations in the area. Chairing the cabinet meeting, President Hichilema paved the way for this strategic decision. Frank Tayali, Minister of Transport and Logistics, expressed optimism regarding the agreement’s… Read More Here
Zambia's Mining Industry Faces Scrutiny Over Exclusion of Local Truck Drivers 3 Mining in Zambia Copper Transport and Logistics 

Zambia’s Mining Industry Faces Scrutiny Over Exclusion of Local Truck Drivers

Constance
Zambia’s mining industry, a key driver of the nation’s economy, is facing scrutiny over the exclusion of Zambian truck drivers from import and export operations. The Parliamentary Committee on Transports, Works, and Supply has raised concerns about this issue, which came to light during a meeting between the committee, led by Chairperson Mubika Mubika of the Shang’ombo constituency, and the management of Mopani Copper Mines. The committee found that Zambian truck drivers were systematically overlooked for hauling goods and services, hindering local business opportunities and overall economic growth. In response,… Read More Here
US Official Accuses China’s CMOC of Predatory Pricing in Cobalt Market 4 Mining in DRC Battery Metals Cobalt 

US Official Accuses China’s CMOC of Predatory Pricing in Cobalt Market

Constance
China’s CMOC Group Ltd. is being accused by a senior US official of employing “predatory” tactics to suppress cobalt prices by flooding the market with the metal sourced from the Democratic Republic of Congo mines. “What we’re seeing now, I feel, is a variation of predatory pricing,” said Jose Fernandez, Under Secretary for Economic Growth, Energy, and the Environment, during a Cobalt Institute conference in New York. His remarks highlight the US’s efforts to reduce China’s dominance in critical metals essential for the energy transition from fossil fuels. Cobalt, vital… Read More Here
Trafigura and IXM Scramble to Cover Short Positions as Copper Prices Hit Record Highs 5 International Copper 

Trafigura and IXM Scramble to Cover Short Positions as Copper Prices Hit Record Highs

Constance
Commodity traders Trafigura and IXM are seeking to buy physical copper to cover substantial short positions on the US exchange CME, where copper prices reached unprecedented levels on Wednesday, according to five sources with direct knowledge of the matter. Short positions can represent bets on declining prices or producers hedging their output. A short squeeze occurs when holders of these positions are compelled to buy them back at a loss or deliver physical copper to close them out. Copper prices on COMEX, part of the CME Group, soared to a… Read More Here
Manara Minerals Appoints Pierre Chenard as First Permanent CEO to Lead Expansion Efforts 6 International Mining Personality 

Manara Minerals Appoints Pierre Chenard as First Permanent CEO to Lead Expansion Efforts

Constance
Saudi Arabia’s Manara Minerals Investment Co., backed by the Saudi sovereign wealth fund, has appointed Pierre Chenard as its first permanent chief executive officer. Chenard, a seasoned dealmaker, joins the mining investment firm as it seeks to expand its portfolio. Chenard brings a wealth of experience, having previously served as head of corporate development and strategy at AngloGold Ashanti Plc, and holding a similar role at Rio Tinto’s aluminum unit, according to sources familiar with the appointment. Manara, under Chenard’s leadership, aims to accelerate Saudi Arabia’s ambitious plan to establish… Read More Here
BHP shareholders see room for one more sweetened Anglo bid 7 International 

BHP shareholders see room for one more sweetened Anglo bid

Constance
Shareholders in BHP Group Ltd. and takeover target Anglo American Plc expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday. Anglo has twice rejected all-share approaches from BHP that would require it to spin off listed South African businesses, arguing the proposal created “significant uncertainty” for shareholders. Instead, to counter the latest $43 billion move, it has said it will itself exit diamonds,… Read More Here
Anglo American to Sell De Beers Amid Industry Turmoil 8 International Diamond 

Anglo American to Sell De Beers Amid Industry Turmoil

Constance
Anglo American announced on Tuesday its plans to spin off or sell its De Beers diamond business, ending an almost century-long association with the industry’s most renowned name. This decision is part of a broader restructuring strategy aimed at countering a $43 billion takeover bid from BHP Group, marking a significant shift in the diamond world. The diamond industry is currently under pressure from slumping prices, sanctions on Russia affecting trade, and the rising popularity of lab-grown gems, which are encroaching on traditional markets. The uncertainty surrounding the future operation… Read More Here
US tariffs on minerals leave out markets that China dominates 9 International 

US tariffs on minerals leave out markets that China dominates

Constance
President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the critical minerals where Beijing’s grip on global supply is greatest. The commodities that made the duties list include ores of aluminum, manganese and chromium; rare elements, such as actinium and curium; and metals like tin and zinc. For the most part, the US doesn’t rely heavily on these products that now face a 25% import levy. The narrow scope of… Read More Here
EU and DRC Collaborate on Mineral Traceability Amid Tensions with Rwanda 10 Mining in DRC Regional conflict 

EU and DRC Collaborate on Mineral Traceability Amid Tensions with Rwanda

Constance
The European Union is working with the Democratic Republic of Congo (DRC) to improve the traceability of the country’s vast natural resources, following accusations from Kinshasa that Rwanda is looting its mineral wealth. This collaboration comes after a contentious supply deal between the EU and Rwanda. DRC President Felix Tshisekedi has criticized the EU-Rwanda agreement, signed in February, as a “provocation.” The DRC and Rwanda have long been at odds, with Kinshasa accusing Kigali of supporting the Tutsi-led M23 rebel group. This group has seized significant territories in eastern DRC… Read More Here

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