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Zijin’s Congo mine shipments returned due to radiation levels 1 Mining in DRC Cobalt Copper 

Zijin’s Congo mine shipments returned due to radiation levels

Constance
Mineral shipments from a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday. The letter, dated April 12, informed the COMMUS project in which Zijin owns a 72% stake that the ministry had suspended its licence while it investigated the issue. “I am informed of the return of your shipments that exported … mineral products to South Africa on the grounds that their radioactivity content… Read More Here
Sub-Saharan Africa's Energy Transition Minerals Valued at $2 Trillion by 2050 2 Battery Metals Cobalt Lithium Mining in DRC 

Sub-Saharan Africa’s Energy Transition Minerals Valued at $2 Trillion by 2050

Constance
Sub-Saharan Africa is poised to play a significant role in the global energy transition, with the potential to generate nearly $2 trillion from the production of essential metals by 2050, according to the International Monetary Fund (IMF). In a paper released on Friday, the IMF outlined that global revenue from mining key metals such as copper, cobalt, lithium, and nickel could soar to $16 trillion over the next 25 years, as projected by the International Energy Agency (IEA). Sub-Saharan Africa is expected to contribute around 12% of this total output.… Read More Here
Lobito Corridor Master Plan brings together Government and partners on Thursday 3 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor Master Plan brings together Government and partners on Thursday

Constance
Government officials, business leaders, international partners, and experts will convene for a workshop on Thursday to lay the groundwork for the Master Plan of the Lobito Corridor, also known as the Benguela Railway. The meeting, as reported by JA Online, will focus on mapping infrastructure gaps, discussing the design and significance of public-private partnerships, and exploring avenues for unlocking the corridor’s development potential. Organized jointly by the Ministries of Planning and Transport, in collaboration with the World Bank, the workshop adopts the theme “Diversify more by unlocking the potential of… Read More Here
Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products 4 Mining in Zambia Battery Metals Cobalt 

Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products

Constance
In response to recent misinformation circulating in the media, Musonoïe Mining Company SAS has issued a clarifying statement regarding its cobalt hydroxide products. The company, headquartered in Kolwezi, Democratic Republic of Congo, asserts that certain claims regarding radiation levels in its products are unfounded rumors. Reports suggesting the exceeding of radiation standards and sensationalized narratives, including the closure of mining areas and involvement of armed forces, have been addressed directly by the company. Contrary to these assertions, Musonoïe Mining Company affirms that it operates in strict adherence to national and… Read More Here
Unlocking Zambia’s Oil and Gas Potential 5 Mining in Zambia Oil & Gas 

Unlocking Zambia’s Oil and Gas Potential

Constance
Zambia, the world’s seventh-largest copper producer, is ramping up infrastructure and mineral exploration efforts while partnering with international firms to expand its renewable energy sector. Although its petroleum industry is relatively untapped, emerging developments driven by strategic positioning and promising geology present enticing opportunities for upstream investments. Regional Exploration Success Highlights Zambian Prospects Zambia shares geological similarities with neighboring countries that have witnessed significant exploration success, particularly in oil and gas. These include exploration in the East African Rift Basin – featuring the Lake Albert Rift Basin in Uganda and… Read More Here
Court Grants Appeal in Kabwe Lead Poisoning Case Against Anglo American 6 Mining in Zambia Environment Social Governance (ESG) 

Court Grants Appeal in Kabwe Lead Poisoning Case Against Anglo American

Constance
The Johannesburg High Court has greenlit an appeal for the class action certification denial involving 140,000 women and children in Kabwe, Zambia, who allege lead poisoning from a former Anglo American mine. Justice Leonie Wendell cited “reasonable prospects of success” and “compelling reasons” for the appeal. The case will now advance to the Supreme Court of Appeal of South Africa. Anglo American operated the Kabwe mine from 1925 to 1974. The claimants argue that the company failed to address lead pollution adequately, leading to health crises in the community. Anglo… Read More Here
Copper Nears $10,000 Amid Global Economic Recovery Optimism 7 International Copper 

Copper Nears $10,000 Amid Global Economic Recovery Optimism

Constance
Copper prices are approaching the $10,000 per ton mark following a strong April rally driven by expectations of a rebounding global economy and increased demand for industrial materials. In recent weeks, metals have experienced broad gains, with copper reaching a two-year high at the start of the week. Improvements in manufacturing activities, particularly in key economies like the US and China, have contributed to the positive sentiment surrounding metals. Additionally, persistent inflation concerns are renewing interest in commodities as investors seek assets that may act as hedges against rising prices.… Read More Here
China's Gold Demand Fuels Record-Breaking Rally, Surpassing $2,400 per Ounce 8 International Gold 

China’s Gold Demand Fuels Record-Breaking Rally, Surpassing $2,400 per Ounce

Constance
Gold has reached unprecedented heights, surpassing $2,400 per ounce this year, captivating global markets. At the forefront of this remarkable surge is China, the world’s largest producer and consumer of the precious metal. Driven by escalating geopolitical tensions and the anticipation of lower US interest rates, gold has become an attractive investment option. However, it’s the relentless demand from China across various sectors that has propelled the rally to new heights. Traditionally, China and India have competed for the title of the world’s largest gold buyer. Yet, recent trends show… Read More Here
Trafigura Forecasts Copper Demand Surge with Technology Advancements 9 International Copper 

Trafigura Forecasts Copper Demand Surge with Technology Advancements

Constance
Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity. Estimates of new demand from these applications vary, but Graeme Train, head of metals analysis at Swiss-based Trafigura, said one third of the 10… Read More Here
Sibanye-Stillwater provides updates on its SA PGM operations 10 International 

Sibanye-Stillwater provides updates on its SA PGM operations

Constance
Multinational mining and metals processing group Sibanye-Stillwater updates its stakeholders on the repairs at its Siphumelele shaft at its Rustenburg operation and its end-of-life 4 Belt (4B) shaft at its Marikana operation. Siphumelele shaft at the Rustenburg operation On 29 February 2024, damage to surface infrastructure at the Siphumelele shaft resulted in the suspension of production from the shaft. The incident occurred when an ore collector bin attached to the shaft headgear sheared off and fell to the ground, damaging a surface ore conveyor belt system. There were no injuries… Read More Here

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