Breaking News
ZESCO Imports Electricity Amid Drought-Induced Power Shortages 21 Mining in Zambia Electricity 

ZESCO Imports Electricity Amid Drought-Induced Power Shortages

Constance
ZESCO has announced the commencement of electricity imports to mitigate the impact of reduced capacity caused by an ongoing drought. The imported electricity will contribute 20% of the total power supply for a minimum of 12 months, according to a statement released by the power utility. Matongo Maumbi, ZESCO’s spokesperson, acknowledged potential challenges associated with the imported power. He stated that while efforts will be made to maintain existing load-shedding schedules, unforeseen disruptions may occur. However, ZESCO is committed to addressing any disruptions promptly to minimize inconvenience to customers. Maumbi… Read More Here
Glencore to Sell Stake in Volcan Compañia Minera to Integra Capital Subsidiary 22 International News in Brief 

Glencore to Sell Stake in Volcan Compañia Minera to Integra Capital Subsidiary

Constance
Swiss-based Glencore has finalized an agreement to divest its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will acquire Glencore’s stake in Volcan for $20 million. Volcan operates zinc, lead, and silver mines in Peru. As part of the agreement, Glencore has committed to providing Transition Metals with a secured facility of up to $40 million to fulfill certain mandatory tender offer obligations under Peruvian laws and regulations. The transaction does not require regulatory approvals and is anticipated to be completed this week. Read More Here
Sir Samuel Jonah Appointed as Director and Chairperson of Avanti Gold 23 Gold Mining Personality 

Sir Samuel Jonah Appointed as Director and Chairperson of Avanti Gold

Constance
Canada-listed Avanti Gold has recently appointed Sir Samuel Jonah as director and chairperson of the company, coinciding with its exploration endeavors in a newly acquired area of potential in Botswana. With a distinguished career spanning decades in the mining sector across Africa, Jonah brings invaluable experience to Avanti Gold. His notable roles include serving as the former president of gold miner AngloGold Ashanti and holding positions on the boards of esteemed companies such as Moto Gold Mines, Vodafone Group, Standard Bank Group, Roscan Gold, and Bank of America Corporation’s Global… Read More Here
Barrick Gold CEO Advocates Exploration Over Mergers for Copper Supply 24 International Copper Gold Mergers & Acquisitions 

Barrick Gold CEO Advocates Exploration Over Mergers for Copper Supply

Constance
Mark Bristow, CEO of Barrick Gold (NYSE: GOLD), expressed his belief that mergers and acquisitions (M&A) would not effectively expand the copper supply needed for the energy transition. While mining giant BHP (ASX: BHP) pursues a $39 billion deal for Anglo American (LON: AAL), Bristow emphasized to the Financial Times the importance of companies prioritizing investments in exploring and developing new copper deposits. He argued that BHP’s pursuit of Anglo underscores the necessity for industry investment in its future. Bristow cautioned against the misconception that consolidation automatically leads to increased… Read More Here
Kagem Mining welcomes national drive to upskill workforce 25 Mining in Zambia Emeralds Press Release 

Kagem Mining welcomes national drive to upskill workforce

Constance
LUFWANYAMA, ZAMBIA – On May 1, Kagem Mining Limited (Kagem) took part in the joint Labour Day celebrations, held at the Lufwanyama Boarding School Hall, which brought together representatives from government, mining companies, trade unions, as well as others operating in Lufwanyama, demonstrating its solidarity with the broader labour community across the district. At the occasion, Kagem welcomed the government’s call to bolster productivity in the workplace through continuous improvement and upskilling of staff to create an increasingly capable workforce. The Lufwanyama’s District Commissioner, Mr. Justin Mwalikwa, said, “In an… Read More Here
FQM SUPPORTS PRESIDENT’S CALL FOR SKILLS DEVELOPMENT TO COMBAT UNEMPLOYMENT 26 Mining in Zambia Copper Press Release 

FQM SUPPORTS PRESIDENT’S CALL FOR SKILLS DEVELOPMENT TO COMBAT UNEMPLOYMENT

Constance
 First Quantum Minerals (FQM) has pledged its support for President Hakainde Hichilema’s call to advance skills development in mining communities to combat unemployment. Speaking during Labour Day celebrations attended by the President this week, FQM Trident Human Resource Manager Brighton Mwiinga said the mining firm wanted to ensure that its employees were at the centre of helping rebuild the recovery of the economy, through improved productivity in the mining sector. Mr Mwiinga explained that while possessing the right knowledge and key competencies for a job was crucial, a well-coordinated workforce… Read More Here
South African unions urge Anglo holders to reject BHP bid 27 International 

South African unions urge Anglo holders to reject BHP bid

Constance
South Africa’s biggest labor union federation urged local shareholders, including the powerful Public Investment Corp., to oppose BHP Group Ltd.’s bid to buy Anglo American Plc. The Congress of South African Trade Unions, which includes the National Union of Mineworkers among its members, said a deal wouldn’t be in the national interest. South African shareholders hold about 26% of Anglo, with the PIC owning 8.4%, according to data compiled by Bloomberg. BHP’s proposal to acquire Anglo on April 25 raised the ire of some members of South Africa’s government, including… Read More Here
DRC's $7 Billion Infrastructure Deal with China Tied to Copper Prices 28 Mining in DRC Copper Infrastructural Development 

DRC’s $7 Billion Infrastructure Deal with China Tied to Copper Prices

Constance
Details published on Friday reveal that around $7 billion in infrastructure investments by Chinese companies in the Democratic Republic of Congo (DRC) under a revised minerals deal will be closely tied to copper prices. President Felix Tshisekedi’s government pushed for a review of the 2008 infrastructure-for-minerals deal with Sinohydro Corp and China Railway Group to secure greater benefits for the DRC, known as the world’s largest cobalt producer. The revised agreement was signed in March. Under the terms of the new agreement, the parties have agreed to maintain the current… Read More Here
FQM hopes new Panamanian leader brings fresh look to disputed copper mine 29 International Copper 

FQM hopes new Panamanian leader brings fresh look to disputed copper mine

Constance
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution to the Canadian company’s disputed Cobre Panama mine. Panama on Sunday elected Jose Raul Mulino as its new president. Analysts see the election result as a positive development for the Cobre Panama mine, which accounts for about 1% of global copper output. Panama’s outgoing government ordered the mine shut down last year after public protests over environmental damage from mining in the Central American country. Mulino won the election with… Read More Here
EU-Rwanda Deal Raises Concerns of Conflict Mineral Smuggling from DRC 30 Mining in DRC Regional conflict 

EU-Rwanda Deal Raises Concerns of Conflict Mineral Smuggling from DRC

Constance
As the European Union seeks to secure a steady supply of essential minerals for the green revolution, particularly from Rwanda, concerns arise regarding the potential smuggling of conflict minerals from the Democratic Republic of Congo (DRC). The EU’s memorandum of understanding (MoU) with Rwanda, aimed at fostering sustainable and resilient value chains for critical raw materials, is seen as a positive step towards supporting clean technology initiatives. However, the reality is far more complex. Rwanda, a country that exports more minerals than it mines, has been implicated in the smuggling… Read More Here

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