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Only 44% of African Households Have Reliable Electricity Supply 1 Electricity 

Only 44% of African Households Have Reliable Electricity Supply

Constance
A new report from the Pan-African Afrobarometer Research Network, published on April 11, 2024, sheds light on the state of electricity access across the African continent, revealing significant disparities despite the presence of hydroelectric dams. Based on a survey conducted between 2021 and 2023 with a sample size of 53,444 individuals across 39 African countries, the report titled “The Electricity Gap: Small and Uneven Progress Yet to Reach Many Africans” highlights that only 44% of households enjoy a reliable electricity supply. The survey underscores considerable discrepancies among countries, with reliable… Read More Here
ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine 2 Mining in Zambia Copper Press Release 

ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has issued a statement to address recent misinformation circulating on social media platforms concerning its royalty transactions with Kansanshi Mine. The company unequivocally refutes the claims made in the video/audio content, asserting that they are misleading, inaccurate, and lacking factual basis. First and foremost, ZCCM-IH emphasizes that it is not a shareholder in First Quantum Minerals (FQM) Group. Instead, the company holds an interest in Kansanshi Mine, where FQM is the majority shareholder. It is crucial to understand that the figures presented in the misleading… Read More Here
Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia 3 International Press Release 

Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia

Constance
Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia Initial 76 km2 Typhoon™ Survey on the Umm Ash Shalahib Exploration License Surrounding Ma’aden’s Al Amar Gold-Copper-Zinc Mine is Complete Computational Geosciences Rapidly Processed the Initial Typhoon™ Results and Identified Two High Priority Anomalies for Drill Testing Construction and Delivery of the First of Three New Generation Typhoon™ Units Ordered by the Joint Venture is Complete Next Stage Mapping and Sampling Commencing on Additional Joint Venture Lands in the Al Amar and Wadi… Read More Here
MMG releases 2024 First Quarter Production Report 4 International Press Release Zinc 

MMG releases 2024 First Quarter Production Report

Constance
MMG Limited (MMG, the Company) yesterday 23rd April released its First Quarter Production Report for the three months ended 31 March 2024, producing 67,129 tonnes of copper and 59,247 tonnes of zinc. This follows the completion of the acquisition of the Khoemacau mine for an effective Enterprise Value of US$ 1,875 million, last month. This important acquisition aligns to MMG’s vision of creating a leading international mining company for a low carbon future and will create meaningful long-term value for MMG shareholders. MMG Interim CEO Liangang Li, noted: “Total copper… Read More Here
Shortages key to copper's upward price trajectory to new peaks 5 International Copper 

Shortages key to copper’s upward price trajectory to new peaks

Constance
 Upward momentum that has propelled copper prices to within a whisker of the psychological $10,000 a metric ton mark is expected to be sustained by the appearance of shortages over the coming months. Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition applications such as electric vehicles and new technology such as artificial intelligence and automation. A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to… Read More Here
Japanese Govt Pledges K38 Billion Investment in Zambia's Mining Sector 6 Mining in Zambia Copper Economy 

Japanese Govt Pledges K38 Billion Investment in Zambia’s Mining Sector

Constance
The Japanese Government has committed to invest K38 billion to support Japanese ventures in Zambia’s mining industry, aiming to bolster bilateral cooperation in this crucial sector. During a bilateral meeting held in Tokyo, Japan’s Minister of Economy, Trade and Industry, Saito Ken, expressed the Japanese Business Corporation’s keen interest in investing in Zambia’s mining industry. Vice Minister Taku Ishii further highlighted collaboration efforts between the Japan Organization for Metals and Energy Security (JOGMEC) and the Zambian Government on exploration projects. In response, Zambia’s Minister of Mines and Minerals Development, Paul… Read More Here
IMF Director Urges Zambia to Maintain Economic Momentum Amidst Climate Challenges 7 Mining in Zambia Economy 

IMF Director Urges Zambia to Maintain Economic Momentum Amidst Climate Challenges

Constance
During a meeting in Washington DC, IMF Managing Director Kristalina Georgieva underscored the importance for Zambia to sustain its economic transformation despite short-term setbacks caused by drought and climate change. Georgieva commended the country’s policy reforms, acknowledging them as driving forces for progress. She also praised Zambia’s recent deal with bondholders as a significant milestone in its economic recovery. Finance Minister Situmbeko Musokotwane expressed gratitude to the IMF for its support during economic challenges, emphasizing President Hichilema’s commitment to Zambia’s economic transformation. Musokotwane highlighted Zambia’s 5% annual GDP growth in… Read More Here
Zambia Aims for Three Million Tonnes of Copper Production by 2031 8 Mining in Zambia Copper 

Zambia Aims for Three Million Tonnes of Copper Production by 2031

Constance
The Zambian government is gearing up to launch an initiative aimed at boosting copper production to three million tonnes annually by 2031. This ambitious goal was unveiled during the African Minerals Development Center Assessment workshop in Lusaka, focusing on sustainable mineral resource management and alignment with the African Mining Vision (AMV). Tobias Musonda, Director of Planning and Information for Mines and Minerals Development, announced that the strategy to achieve this target is nearing completion. The initiative will involve collaboration between existing mining companies and artisanal small-scale miners. Dr. Marit Kitaw,… Read More Here
Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement 9 Mining in Zambia 

Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement

Constance
Unionised employees of Mopani Copper Mine will see a 13% salary boost as part of the 2024 agreement between the union and the mine. The agreement, celebrated during a signing ceremony in Kitwe, entails a salary increment alongside a bonus scheme. Under the new agreement, the most junior unionised workers will enjoy a K800 raise, while senior employees will receive K1400. Additionally, Mopani Copper Mines plans to hire 441 new miners, a move praised by Employee Relations Manager Justine Chiwama. Chiwama commended the swift negotiations, attributing the success to the… Read More Here
Mining Cadastre Addresses Protestant University of Congo in Kinshasa 10 Mining in DRC 

Mining Cadastre Addresses Protestant University of Congo in Kinshasa

Constance
The Director General of the Mining Cadastre, Mr. Popol MABOLIA YENGA, delivered a keynote address at a conference organized by the student structure “Agora Juridique” at the Protestant University of Congo (UPC) on April 19, 2024. The conference, themed “The mining sector of the Democratic Republic of Congo: challenges and prospects,” aimed to educate law students about the intricacies of the mining industry and foster dialogue on its future. Mr. MABOLIA emphasized the need for the younger generation to familiarize themselves with the mining sector and the Mining Code, urging… Read More Here

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