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Jubilee Metals Achieves Record Chrome Production 1 Copper 

Jubilee Metals Achieves Record Chrome Production

Constance
Jubilee Metals, listed on both the AIM and ASX, has achieved remarkable milestones in its South African chrome operations, marking record production levels for both the month of March and the quarter ending March 31, the third quarter of the company’s 2024 financial year. Chrome output totaled 408,710 tonnes for the quarter, up from 381,114 tonnes in the previous quarter, with a record monthly production of 145,102 tonnes in March alone. The company’s chrome concentrate production for the nine months ended March 31 saw a significant increase of 19.2% year-on-year,… Read More Here
World Bank and AfDB Collaborate to Electrify Africa 2 International Electricity 

World Bank and AfDB Collaborate to Electrify Africa

Constance
The World Bank and the African Development Bank (AfDB) have joined forces with the ambitious goal of providing electricity access to 300 million people in Africa by 2030. Currently, approximately 600 million individuals on the continent lack access to electricity, hindering economic growth and job creation. Under this partnership, the World Bank aims to connect 250 million people through distributed renewable energy systems or the distribution grid. This endeavor requires an estimated $30 billion in public sector funding and presents a significant $9 billion investment opportunity for the private sector.… Read More Here
Shanta Gold Reports Encouraging Exploration Results at West Kenya Project 3 International Exploration Gold 

Shanta Gold Reports Encouraging Exploration Results at West Kenya Project

Constance
Shanta Gold, a mining company, has unveiled promising findings from its latest exploration activities at the West Kenya project in Kenya. The company’s successful drilling efforts have led to the conversion of resources from the inferred to indicated category, indicating significant commercial potential. During the exploration period spanning from Q4 2023 to Q1 2024, Shanta Gold drilled a total of 2,911 meters across 24 holes at the Ramula deposit. This focused drilling campaign is expected to culminate in a mineral resource estimate by Q2 2024, demonstrating the project’s progress towards… Read More Here
UAE's IRH Targets Majority Stake in Vedanta's Zambian Copper Assets 4 Copper Mining in Zambia 

UAE’s IRH Targets Majority Stake in Vedanta’s Zambian Copper Assets

Constance
Abu Dhabi’s International Resources Holding (IRH), backed by the UAE’s prominent conglomerate, is aiming to secure a controlling interest in Vedanta Resources’ Zambian copper assets, signaling a strategic move to strengthen its position in Africa’s copper mining sector. Sources familiar with the matter revealed to Reuters that IRH, a subsidiary of International Holding Company, has proposed a deal surpassing $1 billion to acquire a 51% stake in Konkola Copper Mines plc (KCM), currently owned by Vedanta. IRH’s ambitious bid follows its recent acquisition of a majority share in Mopani Copper… Read More Here
South Africa's Mining Sector Records Strong Rebound in February 5 International Economy 

South Africa’s Mining Sector Records Strong Rebound in February

Constance
South Africa’s mining industry has shown robust growth in February, bouncing back from a challenging start to the year, according to the latest data released by Statistics SA. The Bureau for Economic Research’s (BER) Weekly Review highlighted that mining activity exceeded expectations, with production surging by 9.9% year-on-year (y-o-y). This represents the most significant growth in mining output since mid-2021, surpassing market forecasts of a 3.5% y-o-y expansion. Iron ore production led the way, increasing by 42.9% y-o-y and contributing 5.1 percentage points to the overall growth. Coal production also… Read More Here
Confronting the China Challenge in Africa: The Lobito Corridor 6 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Confronting the China Challenge in Africa: The Lobito Corridor

Constance
The Lobito Corridor project in Africa is a significant infrastructure initiative aimed at creating a vital trade route. It seeks to connect the mineral-rich Democratic Republic of the Congo (“DRC”) and Zambia to Angola’s Atlantic coast port city of Lobito. This project holds particular interest for some Western nations, potentially serving as a counterpoint to China’s expansive Belt and Road Initiative (“BRI”). China remains a dominant economic force in Africa, having invested $1.8 billion in the first half of 2023 alone, marking a year-on-year increase of 4.4 percent. Chinese investments… Read More Here
South Africa’s President Concludes Visit to South Sudan 7 International Governance 

South Africa’s President Concludes Visit to South Sudan

Constance
South Africa’s President Cyril Ramaphosa has concluded his working visit to South Sudan to strengthen bilateral relations. During the working visit – which took place from 16-18 April –, President Ramaphosa received an update from his South Sudanese counterpart President Salva Kiir Mayardit on the implementation of the Revitalized Agreement on the Resolution of Conflict in the Republic of South Sudan (R-ARCSS), which was signed in September 2018. “We are encouraged by the progress achieved thus far. The ceasefire agreement is holding and threats to the country’s peace and stability have been… Read More Here
Ivanhoe Mines publishes 7th Annual Sustainability Report 8 Mining in DRC Press Release 

Ivanhoe Mines publishes 7th Annual Sustainability Report

Constance
The 2023 Sustainability Report underscores Ivanhoe’s commitment to “Mining with a greater purpose” and its pursuit to be a global leader in responsible mining JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Yesterday published its seventh annual Sustainability Report, summarizing the company’s sustainability achievements, activities, and results during 2023. Ivanhoe Mines’ sustainability strategy is shaped by our ethos of “Mining with a greater purpose”. Ivanhoe aims to provide both the critical metals needed for the energy transition, as well as be an innovator in its approach to mining. The 2023 Sustainability… Read More Here
South Africa's President Visits South Sudan to Expand Cooperation 9 International Governance 

South Africa’s President Visits South Sudan to Expand Cooperation

Constance
South Africa’s President Cyril Ramaphosa is undertaking a working visit to South Sudan to discuss security and stability while strengthening bilateral relations. Having already established ties in fields such as petroleum exploration and production, the visit aims to promote collaboration across various segments of the economy. During a meeting with his South Sudanese counterpart President Salva Kiir Mayardit from 16-18 April, President Ramahposa is expected to receive a status update on the implementation of the Revitalized Agreement on the Resolution of Conflict in the Republic of South Sudan (R-ARCSS) –… Read More Here
Zimbabwe Grapples with Economic Uncertainty Amidst Currency Woes 10 International Economy 

Zimbabwe Grapples with Economic Uncertainty Amidst Currency Woes

Constance
The economic landscape of Zimbabwe is clouded with uncertainty as the informal sector, a key contributor to the nation’s economy, refuses to embrace the local RTGS dollar. Compounding the issue is the delayed introduction of the new gold-backed currency, ZiG, originally slated for April 8th but now postponed until April 30th. Representing approximately 75% of national employment, Zimbabwe’s informal traders have ceased accepting the RTGS dollar due to concerns over its dwindling value, leaving the US dollar as the predominant currency in circulation. Economist Happy Zengeni voices criticism over the… Read More Here

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