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FQM WORKS WITH ZESCO TO EASE ENERGY PRESSURE 21 Mining in Zambia Copper Electricity Press Release 

FQM WORKS WITH ZESCO TO EASE ENERGY PRESSURE

Constance
First Quantum Minerals (FQM) is working with ZESCO to help source imported power and enable the state utility company to reduce the burden on the national grid. As Zambia’s largest copper producer, FQM operates the Kansanshi and Trident mines in North-Western Province, making a critical economic contribution to national export earnings, government revenue and employment. The company currently buys an average of 224,000 megawatt hours of electricity every month from ZESCO, which recently invoked the force majeure clause in its power supply agreements with some mines, signalling a need for… Read More Here
Angola and US Sign Financing Agreements for Lobito Corridor Development 22 International Transport and Logistics 

Angola and US Sign Financing Agreements for Lobito Corridor Development

Constance
Angola and the United States of America inked financing agreements worth $1.3 billion in Dallas on Tuesday for the development of the Lobito Corridor, a key beneficiary of the Global Investment and Infrastructure Partnership (PGI). The signed documents, exchanged between Angolan Finance Minister Vera Daves and Reta-Jo Lewis, President of the US Export-Import Bank (EXIM Bank), will fund three infrastructure projects associated with the Lobito Corridor. Additionally, they target investments in clean energy, connectivity, radio signal expansion, and transport infrastructure. President João Lourenço, who attended the event, emphasized the significance… Read More Here
Mingomba Mining Limited Welcomes International Talent to Zambia 23 Mining in Zambia Mining Personality New Mining Projects News in Brief 

Mingomba Mining Limited Welcomes International Talent to Zambia

Constance
Mingomba Mining Limited, a collaboration between KoBold Metals and ZCCM Investments Holdings Plc, has announced the appointment of Mr. Kalimina Mwinga PMP as Project Control Manager and Mr. Fanuel K Banda, P.E., PMP as Chief Mining Engineer. Both Mwinga and Banda bring a wealth of international experience to their roles, having spent over a decade honing their skills in South Africa and the USA, respectively. Commenting on the appointments, KoBold Metals Africa CEO Mfikeyi Makayi stated, “We aren’t seeking the best talent solely within Zambia; rather, we are committed to… Read More Here
White House Urges Responsible Mining in DRC and Zambia for Global Energy Transition 24 Mining in Zambia Mining in DRC 

White House Urges Responsible Mining in DRC and Zambia for Global Energy Transition

Constance
A senior White House official emphasized the necessity of encouraging mining projects in countries such as the Democratic Republic of Congo (DRC) and Zambia to secure a reliable and sustainable global supply of critical minerals essential for combating climate change. Amos Hochstein, White House senior adviser for energy and investment, stressed the significance of these mineral-rich nations in meeting the soaring global demand for clean energy components and infrastructure to support advancements like artificial intelligence, offering an alternative to China’s dominance. Hochstein highlighted the need for initiatives similar to President… Read More Here
Zambia to Kickstart Car Battery Manufacturing, Boosting Economic Growth 25 Mining in Zambia Battery Metals 

Zambia to Kickstart Car Battery Manufacturing, Boosting Economic Growth

Constance
Zambia is gearing up to launch car battery production by the end of July this year, with the arrival of essential manufacturing equipment. During a recent visit to the Jiangxi Multi Facility Economic Zone in Chibombo district, General Manager Xu Jianfeng outlined the upcoming two-month period dedicated to equipment testing and plant finalization before full-scale production commences. In the initial phase, the facility plans to produce 400,000 batteries, with production capacity set to double upon reaching full operational status. With nine investment agreements already secured, totaling over $100 million, the… Read More Here
Former B2Gold Manager to Lead Avanti's Masisi Gold Project 26 Mining in DRC Gold Mining Personality 

Former B2Gold Manager to Lead Avanti’s Masisi Gold Project

Constance
Canadian mining company Avanti Gold has appointed Lan MacLean, a former manager at B2Gold, as the General Manager for their Masisi gold project in the Democratic Republic of Congo (DRC). The announcement, made on May 7, 2024, underscores Avanti’s commitment to advancing their mining endeavors in Africa. With over 25 years of experience in the mining industry, MacLean brings a wealth of expertise to his new role. His tenure at B2Gold, where he managed operations in Mali and Namibia, positions him well to lead the development of the Masisi project.… Read More Here
Fatal Shooting Claims Another Life in North Kivu Displacement Camp 27 Mining in DRC Regional conflict 

Fatal Shooting Claims Another Life in North Kivu Displacement Camp

Constance
A young man has tragically lost his life after being struck by a bullet while sleeping in his cabin at the Kibati displaced persons camp in Nyiragongo territory, North Kivu. Thierry Gasasiro, a local civil society rapporteur, reported that the camp experienced multiple hours of gunfire during the night, amidst the presence of FARDC soldiers, Wazalendo militiamen, and armed bandits. Gasasiro revealed that the victim was hit by a bullet of unknown origin, highlighting the escalating insecurity in Nyiragongo since the onset of the M23/RDF conflict. Incidents of murder, theft,… Read More Here
Prospect Resources Completes Deal with Orpheus Uranium 28 Mining in Zambia Copper New Mining Projects Uranium 

Prospect Resources Completes Deal with Orpheus Uranium

Constance
Prospect Resources Limited (PSC: ASX, 5E8:FRA) has finalized a significant deal with Orpheus Uranium Limited (ASX: ORP), marking a milestone in the advancement of their Mumbezhi Copper Project in Zambia. The agreement, announced publicly on April 9, 2024, provides Prospect with access to crucial data to propel their project forward. As part of the agreement, Prospect paid Orpheus A$1.0 million in fully paid PSC shares, serving as partial reimbursement for prior exploration expenses. Additionally, three options to acquire ordinary PSC shares were granted for every four shares issued, priced at… Read More Here
Renewed Clashes in Eastern DRC Heighten Tensions near Sake 29 Mining in DRC Regional conflict 

Renewed Clashes in Eastern DRC Heighten Tensions near Sake

Constance
Fresh clashes erupted early Wednesday morning, May 8, 2024, on several hills surrounding the strategically important city of Sake in the Masisi territory, approximately twenty kilometers from Goma. The confrontations involved M23 rebels, backed by the Rwandan army (RDF), and the Congolese Armed Forces (FARDC), supported by the Volunteers for the Defense of the Fatherland (VDP), also known as “Wazalendo.” Reports from local civil society sources indicate that the M23 rebels initiated the attack with the intention of seizing Sake but were ultimately repelled. Olivier Munguiko, a civil society representative… Read More Here
DRC Receives Praise for Economic Progress at World Bank and IMF Spring Meetings 30 Mining in DRC Economy Events & Expos 

DRC Receives Praise for Economic Progress at World Bank and IMF Spring Meetings

Constance
During the 134th Council of Ministers, the Minister of Finance shared positive feedback from the recent Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) held in Washington, United States. The Democratic Republic of Congo (DRC) was commended for its peaceful December 2023 elections and macroeconomic advancements. According to the minutes of the meeting, senior representatives from the Bretton Woods institutions praised the DRC for its peaceful elections and macroeconomic achievements, particularly robust economic growth and increased international reserves. However, the IMF highlighted the need for… Read More Here

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