Breaking News
DRC's $7 Billion Infrastructure Deal with China Tied to Copper Prices 21 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 22 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 23 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
Tshisekedi - Russia and China's Transparency Surpasses the West 24 Mining in DRC Governance 

Tshisekedi – Russia and China’s Transparency Surpasses the West

Constance
China and Russia continue to gain prominence over the West in Africa, a trend that has been accentuated in recent times. The President of the Democratic Republic of Congo (DRC), Felix Tshisekedi, recently shared his perspective on why Eastern influence is surpassing Western influence in the continent, particularly in the DRC, citing the conduct of the parties involved. According to a report by the Russian newspaper Sputnik, President Tshisekedi highlighted the ease of doing business with Russia and China compared to the West. He emphasized that Russia and China engage… Read More Here
Montage Gold Discovers Large Gold Deposit in Ivory Coast 25 Gold International News in Brief 

Montage Gold Discovers Large Gold Deposit in Ivory Coast

Constance
Canadian mining company Montage Gold has made a significant gold discovery at the Koné mining project, located in Ivory Coast. Construction of the Koné mine, with an expected lifespan of around 20 years, is set to start in the last quarter of 2024, with production scheduled to commence in 2027. The processing plant at the Koné project is projected to have an annual capacity of 11 million tons of ore. Martino De Ciccio, CEO of Montage Gold revealed: “The mineral resources of this deposit, the largest mine in the country… Read More Here
The Lobito Corridor, a Route to African Development? 44 Mining in Zambia Angola Mining in DRC Transport and Logistics 

The Lobito Corridor, a Route to African Development?

Constance
In this article, Veronica Bolton Smith makes the case that the participating countries in the Lobito Corridor need to do more to become part of the $60 billion Electric Vehicle (EV) battery supply chain. The stakes are high for Africa as the EV battery market is anticipated to more than double in size to $141.6 billion by 2032, according to Apollo Research. A primary goal of the Lobito Corridor initiative is to improve and expand the existing railway and supporting infrastructure to allow efficient flows of critical raw materials from… Read More Here
UNDP Announces Plans for Mining Technology Hub in Zambia 45 Mining in Zambia Mining technology 

UNDP Announces Plans for Mining Technology Hub in Zambia

Constance
The United Nations Development Programme (UNDP) has unveiled its intention to establish a Mining Technology (MinTech) hub in Zambia, with an investment exceeding K160 million. This initiative, disclosed during the Timbuktoo Retreat Strategy in Cape Town, South Africa, aims to foster innovation and collaboration within Zambia’s mining sector, leveraging technology to enhance sustainability, efficiency, and safety. Ahunna Eziakonwa, UNDP’s Regional Director for Africa, revealed that Zambia was not initially included in the list of countries earmarked for this investment. However, following discussions with President Hichilema, the decision was made to… Read More Here
President Hichilema Pledges to Boost Mining Sector in North Western Province 46 Mining in Zambia 

President Hichilema Pledges to Boost Mining Sector in North Western Province

Constance
During his visit to Solwezi Airport, President Hakainde Hichilema assured the residents of North Western Province of his government’s commitment to opening more mines in the region. Highlighting the potential for development, President Hichilema emphasized the importance of reopening mines such as Kasenseli and Kalengwa, which could significantly benefit the province. He commended the reinvestment efforts of major mines like Kansanshi and First Quantum Minerals, stating that his administration aims to create more job opportunities for the local population. The President’s remarks were well-received by the people, who expressed their… Read More Here
Tshisekedi Outlines Second Term Priorities to the Congolese Diaspora in Paris 47 Mining in DRC 

Tshisekedi Outlines Second Term Priorities to the Congolese Diaspora in Paris

Constance
This Wednesday in Paris, at the end of his stay in France, President Félix Tshisekedi, accompanied by the distinguished First Lady Denise Nyakeru, met with the Congolese diaspora based in France. At the outset, the Head of State thanked his compatriots abroad who massively voted for him in the December 2023 presidential election. In front of his compatriots, President Tshisekedi presented the six priorities of his governance over the next 5 years. These include “job creation, security, improved purchasing power, diversification of the economy, access to basic services and modernization… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.