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ARSP and FEC Resolve Subcontracting Contract Disputes 21 Mining in DRC Governance 

ARSP and FEC Resolve Subcontracting Contract Disputes

Constance
The Minister of Entrepreneurship and SMEs, Désiré N’zinga, recently convened a productive session with Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), and Robert Malumba Kalombo, the national president of the Federation of Congolese Enterprises (FEC). The meeting aimed to address divergences between the two entities concerning subcontractor recommendations for contracts within various sectors. Following the discussions, FEC’s president confirmed that the parties had reached consensus on the key issues that previously divided them. “There were discrepancies between our structures, the ARSP… Read More Here
DRC Lifts Suspension on Chinese-Owned Copper-Cobalt Mine Amid Radiation Concerns 22 Mining in DRC Cobalt Copper 

DRC Lifts Suspension on Chinese-Owned Copper-Cobalt Mine Amid Radiation Concerns

Constance
The government of the Democratic Republic of Congo has revoked the suspension order on a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd. Last month, Congo’s mines ministry halted the activities of the COMMUS project, in which Zijin owns a 72% stake, due to high radiation levels detected in mineral products returned from South Africa. However, in a letter dated May 10, seen by Reuters, the mines ministry confirmed that it had received a report on the investigation’s findings and subsequently lifted the suspension. Mining… Read More Here
Sandvik Coromant enhances sustainability insights with Productivity Analyzer 23 International Equipment & Technology Mining Equipment Press Release 

Sandvik Coromant enhances sustainability insights with Productivity Analyzer

Constance
Tooling solutions provider Sandvik Coromant introduces advanced sustainability features in its Productivity Analyzer tool, enabling precise measurement of energy consumption and carbon footprint for customers in the manufacturing industry. The updated analyzer offers detailed sustainability metrics, including energy usage per manufactured component, yearly energy consumption and CO2 emissions. New parameters such as efficiency and energy cost empower manufacturers to optimize operations for reduced environmental impact. Trials with a leading automotive manufacturer demonstrated a significant 15% increase in productivity, credited to the analyzer’s comprehensive analysis capabilities. By analyzing machine and tool costs… Read More Here
Chile truckers protest rising crime in threat to mine transport 24 International Transport and Logistics 

Chile truckers protest rising crime in threat to mine transport

Constance
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, demanding greater safety amid an up-tick in violent crime. Drivers at small and mid-sized transport firms belonging to the Northern Force Confederation, or CTFN by its Spanish initials, partially blocked highways near the northern cities of Arica and Coquimbo and on the outskirts of Santiago, snarling morning traffic. There were no immediate reports of disruptions at Chile’s giant copper and lithium operations. The protests are the latest sign of growing concern… Read More Here
EU Ambassador Urges Rwanda to Withdraw Troops from DRC 25 Mining in DRC Regional conflict 

EU Ambassador Urges Rwanda to Withdraw Troops from DRC

Constance
Nicolas Berlanga, the European Union Ambassador to the Democratic Republic of Congo (DRC), reiterated the EU’s condemnation of any support provided by Rwanda to the M23 rebels during Europe Day celebrations. Speaking to the press on May 9, Berlanga called for Rwandan troops to vacate Congolese territory. Expressing solidarity with the EU’s stance, Berlanga condemned the M23 offensive and Rwanda’s backing of the rebel group, stressing the imperative need for the withdrawal of Rwandan military forces from Congolese soil. Rejecting a military resolution to the conflict in eastern DRC, Berlanga… Read More Here
US Dollar to Lose Global Dominance with Emergence of 'BRICS Gold Crypto - Robert Kiyosaki 26 International Economy 

US Dollar to Lose Global Dominance with Emergence of ‘BRICS Gold Crypto – Robert Kiyosaki

Constance
Renowned financial investor and author of “Rich Dad Poor Dad,” Robert Kiyosaki, issued a stark warning during his visit to South Africa, suggesting that the US dollar’s status as the global reserve currency is under threat. According to Kiyosaki, the emergence of a new BRICS currency backed by gold could potentially trigger hyperinflation in the United States, leading to the downfall of the dollar. Kiyosaki emphasized the importance of diversifying investments into alternative assets like gold, silver, and Bitcoin (BTC) to safeguard against the impending crash of the US dollar.… Read More Here
Queensland Contemplates Glencore's Carbon Storage Plan Amid Environmental Concerns 45 International Environment Social Governance (ESG) 

Queensland Contemplates Glencore’s Carbon Storage Plan Amid Environmental Concerns

Constance
Australia’s Queensland state is poised to decide on Glencore’s proposal to bury liquefied carbon dioxide (CO2) in the country’s largest aquifer, a move contested by farm groups over concerns of water contamination. Glencore, aiming to contribute to global carbon capture and storage (CCS) efforts, plans a three-year, A$210-million pilot project to inject 330,000 metric tons of CO2 from a coal-fired power plant underground. While Glencore asserts the project’s safety, farm groups fear it could contaminate the Great Artesian Basin, a vital groundwater source for agriculture. Michael Guerin of AgForce farm… Read More Here
Austral Resources Emerges from Receivership with Glencore's Support 46 International Copper 

Austral Resources Emerges from Receivership with Glencore’s Support

Constance
Austral Resources, a copper producer, announced on Monday the conclusion of its receivership, with Glencore Australia stepping in as the senior secured creditor, acquiring the debt from Win Finance No 356 (Wingate). CEO Dan Jauncey expressed optimism about the company’s future, stating, “This is a very positive outcome for the company, it puts us back in a strong position to move forward.” Throughout the receivership period, Austral maintained its focus on production, with 810 tonnes of LME copper cathode inventory ready for sale on site. Operations, including haulage, crushing, and… Read More Here
Chile's Copper Output Dips in March, Codelco Records Decline 47 International Copper 

Chile’s Copper Output Dips in March, Codelco Records Decline

Constance
Data released by Chile’s copper commission Cochilco on Friday revealed a slight decrease in copper production in March, with a mixed performance among major mines in the country. While output at Codelco, the world’s leading copper supplier, declined by 10.1% to 107,300 tonnes, other key mines demonstrated varied trends. BHP’s Escondida mine, boasting the largest known copper deposit globally, recorded a 9.7% increase, reaching 101,400 tonnes. Conversely, production surged by 16.1% at the Collahuasi mine, jointly operated by Glencore and Anglo American, totaling 49,800 tonnes. Despite these fluctuations, Chile’s overall… Read More Here

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