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PRESIDENT FELIX TSHISEKEDI BEGINS WORKING VISIT TO GERMANY 1 Mining in DRC Governance 

PRESIDENT FELIX TSHISEKEDI BEGINS WORKING VISIT TO GERMANY

Constance
Head of State Felix Tshisekedi, accompanied by the distinguished First Lady Denise Nyakeru, arrived in Berlin, Germany, on Sunday for a mission focused on economic cooperation and security. Last evening, at 7 p.m. (local time), the President of the Republic had a one-on-one meeting with Federal Chancellor Olaf Scholz. This meeting was followed by a joint working dinner with the delegations of the two countries. At a press conference, Christiane Hoffmann, First Deputy Spokesperson of the German Federal Government, announced that the discussions will focus first on economic relations between… Read More Here
Construction Advances at Blackwater Mine in British Columbia 2 International Gold 

Construction Advances at Blackwater Mine in British Columbia

Constance
Construction at the Blackwater mine in central British Columbia continues to advance according to schedule, positioning the mine for its inaugural gold pour in the latter half of the year. As of March 31, overall construction progress reached approximately 73%, with approximately C$523 million of the guided capital budget, ranging between C$730 million to C$750 million, already expended, as reported by TSX-V-listed Artemis Gold. Steven Dean, Chairperson and CEO, emphasized the pivotal role of the dedicated team overseeing the development of the Blackwater mine. “Execution is paramount in all projects,… Read More Here
Glencore now sees FY trading division profit between $3bn-$3.5bn 3 International 

Glencore now sees FY trading division profit between $3bn-$3.5bn

Constance
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an elevated interest rate and high commodity price environment, it said on Tuesday. The miner and trader expects full-year marketing earnings before interest and tax (EBIT) in the $3 billion-$3.5 billion range, around the top-end of the firm’s long-term $2.2 billion-$3.2 billion forecast range. However, the company left its full-year production forecast unchanged. For the first quarter, Glencore reported total copper production of about 239,700 metric tons, down 2%… Read More Here
CMOC Reports Significant Growth in Copper and Cobalt Production for Q1 4 Copper Cobalt Mining in DRC 

CMOC Reports Significant Growth in Copper and Cobalt Production for Q1

Constance
Chinese mining company CMOC announced substantial increases in copper and cobalt production for the first quarter of the year, showcasing growth rates of 123% and 392%, respectively. Operating primarily in the Democratic Republic of Congo, CMOC reported production figures of 147,500 metric tons of copper and 25,200 tons of cobalt during the first three months of the year. The company’s Tenke Fungurume Mining (TFM) site expanded its mining capacity in March, elevating its annual capacity to 450,000 tons of copper and 37,000 tons of cobalt. This achievement propels TFM into… Read More Here
South Africa Reacts to BHP Group's Bid for Anglo American 5 International 

South Africa Reacts to BHP Group’s Bid for Anglo American

Constance
President Cyril Ramaphosa’s spokesperson addressed BHP Group’s proposed bid for Anglo American, framing it as “normal market activity” that South Africa is monitoring closely. BHP is reportedly contemplating an enhanced offer for Anglo American after its initial $39 billion bid was rebuffed by the London-listed miner, according to a source cited by Reuters. Vincent Magwenya, the spokesperson, emphasized that it is still early in the process regarding BHP’s proposal to Anglo. He stated, “We will follow, like everybody else, the process as it unfolds. We don’t, as a country, go… Read More Here
Vedanta Seeks Capital to Revitalize Konkola Copper Mines in Zambia 6 Mining in Zambia Copper 

Vedanta Seeks Capital to Revitalize Konkola Copper Mines in Zambia

Constance
Vedanta Resources Ltd, led by billionaire Anil Agarwal, is in discussions with trading houses to raise capital for the revival of the Konkola copper mining and smelting complex in Zambia. According to sources familiar with the matter, Vedanta has explored tolling and prepayment arrangements with commodity traders, including Mercuria Energy Group, for the output from Konkola Copper Mines Plc. In addition to discussing tolling and prepayment facilities, Vedanta is considering the sale of a minority stake in KCM to address creditor obligations and invest in the mines, which were placed… Read More Here
The US asserts that it is a better option for Africa than Russia and China 7 International Governance 

The US asserts that it is a better option for Africa than Russia and China

Constance
A recent poll found that China and Russia have higher approval ratings in Africa than America. In 2023, the United States had a 56% approval rating, China 58%, and Russia 64%. The Commerce Secretary of the United States, Gina Raimondo, disclosed to the American news network CNN, that the United States, remains Africa’s best option. According to her, for African countries, the United States is the ideal partner, “without strings attached.” She also pointed out that Africa is free to make its own decisions and that this notion will not… Read More Here
PetroAngola Advocates Angolan Businesses in Angola-DRC Common Interest Zone 8 Mining in DRC Oil & Gas Petroleum 

PetroAngola Advocates Angolan Businesses in Angola-DRC Common Interest Zone

Constance
PetroAngola, under the leadership of Chairman Patrício Quingongo, is urging Angolan entrepreneurs to explore the potential business opportunities emerging from the Zone of Common Interest (ZIC) between Angola and the Democratic Republic of Congo (DRC). Quingongo believes that this initiative presents a unique chance for Angolan companies to spearhead significant segments of the oil market in the DRC. With a keen understanding of the Democratic Congo market, PetroAngola sees Angolans playing a pivotal role, leveraging their expertise and resources to tap into other lucrative regions within the DRC. This ambitious… Read More Here
President Holds Talks with Foreign Ambassadors on Eastern DRC Situation 9 Mining in DRC Governance 

President Holds Talks with Foreign Ambassadors on Eastern DRC Situation

Constance
President Félix Tshisekedi of the Democratic Republic of Congo (DRC) convened a meeting with Ambassadors Roxane De Bilderling of Belgium, Lucy Tamlyn of the United States of America, and Bruno Aubert of France at the African Union City on Thursday to address the security and humanitarian challenges in the eastern region of the country. During the discussions, Ambassador Roxane De Bilderling emphasized the pressing security issues in the East, drawing from her recent visits to Goma and Bunia. She highlighted Belgium’s commitment to forming a rapid reaction brigade to address… Read More Here
PRESIDENT FELIX TSHISEKEDI ARRIVES IN PARIS FOR A 3-DAY OFFICIAL VISIT 10 Mining in DRC Governance 

PRESIDENT FELIX TSHISEKEDI ARRIVES IN PARIS FOR A 3-DAY OFFICIAL VISIT

Constance
It was in the early morning of Monday, April 29 that the President of Felix Tshisekedi arrived in Paris, France, for an official visit of 3 days. On this occasion, the French Republic has unfurled the entire protocol for hosting a State visit in two stages. At Paris Orly Airport, the Head of State and the distinguished First Lady Denise Nyakeru were received by Mrs. Chrysoula ZACHAPOPOULI, Secretary of State for Development and International Partners. The other moment of solemn welcome was at the mythical Place des Invalides in the… Read More Here

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