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The Mining Process in the Democratic Republic of Congo 1 Mining in DRC Cobalt Copper Mining Process You got to know this 

The Mining Process in the Democratic Republic of Congo

Constance
The Democratic Republic of Congo (DRC) is a country rich in natural resources, particularly minerals, making mining a significant contributor to its economy. With vast reserves of cobalt, copper, gold, diamonds, and other minerals, the DRC holds a prominent position in the global mining industry. Let’s delve into the mining process in this mineral-rich nation. 1.Exploration: The mining process in the DRC typically begins with exploration activities aimed at identifying potential mineral deposits. Exploration methods may include geological surveys, remote sensing, drilling, and sampling to determine the size, grade, and… Read More Here
Congo-Brazzaville: Kore Potash and Power China in talks for the construction of a potash mine 2 New Mining Projects 

Congo-Brazzaville: Kore Potash and Power China in talks for the construction of a potash mine

Constance
Kore Potash is eyeing the signing of an engineering, procurement, and construction (EPC) contract for its Kola potash project in the Republic of Congo, targeted for the 2nd quarter of 2024. The UK-based mining company revealed this information in its financial results released at the end of March. Discussions are currently in progress with the Power China group, which submitted a proposal in February 2024. Under an agreement reached in June 2022, Power China is tasked with developing a 2.2 million tonne processing plant to operate the mine over a… Read More Here
SICOMINES SA Boosts Water Access on World Water Day 3 Mining in DRC Corporate social responsibility 

SICOMINES SA Boosts Water Access on World Water Day

Constance
La Sino-Congolaise des Mines (SICOMINES SA) has taken strides to enhance water access for five communities within its mining area by constructing water boreholes. These communities, including Kapata, Mutaka, Biwaya, Mapendo, and Yenge, have benefitted from this initiative, aligning with the theme of the 32nd World Water Day celebrated annually on March 22. The initiative underscores SICOMINES’ commitment to fulfilling its specifications outlined in the agreement signed in August 2021 for the betterment of surrounding communities. These specifications, set for a five-year term expiring in 2025, reflect the company’s dedication… Read More Here
Gold Ore Prices Show Increment in Early April 2024, Boosting DR Congo's Economy 4 Mining in DRC Economy Gold 

Gold Ore Prices Show Increment in Early April 2024, Boosting DR Congo’s Economy

Constance
Gold ore prices saw a slight increase in the first week of April 2024, continuing a trend that had been progressing well for several weeks. Data from the National Mercurial Commission of the Ministry of Foreign Trade of the Democratic Republic of Congo indicated that during the week of April 1 to 6, a gram of gold sold at 70.45 USD, compared to 69.91 USD the previous week, marking a 0.77% increase. This upward trajectory in gold prices globally is expected to positively impact the economy of the Democratic Republic… Read More Here
One Road Initiative Advances Green Energy Collaboration in DRC 5 Mining in DRC Energy 

One Road Initiative Advances Green Energy Collaboration in DRC

Constance
The One Belt, One Road project, initiated by President Xi Jinping in 2013, aims to rejuvenate ancient trade routes connecting Asia, Europe, and Africa, fostering global economic development through international cooperation. Recognizing the imperative of transitioning to sustainable energy amid climate challenges, renewable sources like solar, wind, and hydropower emerge as critical priorities within the project. By embracing clean technologies, participating nations can curb carbon emissions, generate green jobs, and foster sustainable economic growth. During the third International Cooperation Summit Forum on October 18, 2023, President Xi Jinping emphasized the… Read More Here
ARSP recommends 25 subcontracting companies for large contracts to TFM 6 Mining in DRC 

ARSP recommends 25 subcontracting companies for large contracts to TFM

Constance
The Regulatory Authority for Subcontracting in the private sector ARSP) published, on Friday April 5, 2024 in the evening, the partial list of 25 subcontracting companies that it recommended for the execution of major contracts in within the mining company Tenke Fungurume Mining located in the province of Lualaba. According to the Director General of ARSP, Miguel Kashal Katemb, this announcement is based on the memorandum of understanding signed with the Ministry of Mines as well as the FEC with the aim of facilitating the access of eligible companies to… Read More Here
Zambia's President Invites Botswana Investment Expertise to Mining Sector 7 Mining in Zambia Diamond News in Brief 

Zambia’s President Invites Botswana Investment Expertise to Mining Sector

Constance1 Comment
President Hakainde Hichilema has extended an invitation to Botswana to invest in Zambia’s mining sector, citing Botswana’s expertise in managing diamonds as a key factor. Speaking at the launch of the Lusaka International Arbitration Center (LIAC), President Hichilema emphasized the importance of learning from Botswana’s successful management of diamond resources and replicating similar strategies for Zambia’s emeralds. President Hichilema expressed confidence in attracting investors like Botswana to utilize LIAC for resolving disputes efficiently. He highlighted LIAC’s role in addressing commercial issues promptly, stressing its significance in maintaining Zambia’s positive reputation… Read More Here
Zambia Revenue Authority Exceeds Q1 Revenue Target 8 Mining in Zambia Economy Taxes 

Zambia Revenue Authority Exceeds Q1 Revenue Target

Constance
The Zambia Revenue Authority (ZRA) has reported a revenue collection of 28.4 billion kwacha in the first quarter of 2024, surpassing the targeted 28.1 billion kwacha by 339 million kwacha. ZRA Commissioner General, Dingani Banda, disclosed this in Lusaka today during a presentation at the Economics Association of Zambia (EAZ) Summit, delivered on his behalf by ZRA Acting Commissioner for Business Facilitation, Richard Kapasa. Mr. Banda outlined that ZRA aims to collect 125.3 billion kwacha through various taxes this year, marking a 21.5% increase from last year’s collection of 103… Read More Here
Xtract Resources Enters JV to Acquire Majority Stake in Zambia's Silverking Copper Mine 9 Mining in Zambia Copper 

Xtract Resources Enters JV to Acquire Majority Stake in Zambia’s Silverking Copper Mine

Constance
Xtract Resources has announced a joint venture (JV) agreement with Oval Mining, in collaboration with Cooperlemon Consultancy, aimed at acquiring up to a 70% stake in Zambia’s Silverking copper mine and its associated exploration license. The initial option period spans 18 months, during which Xtract is obligated to invest $500,000 in exploration activities to earn a 51% interest. Upon completion of the earn-in period or upon reaching the investment threshold, the JV will be formally established between Xtract and Cooperlemon. Xtract retains the option to increase its stake to 70%… Read More Here
Barrick Gold eyes Peru expansion 10 International Gold 

Barrick Gold eyes Peru expansion

Constance
Barrick Gold is looking to acquire assets in Peru as its push for global expansion continues. According to local newspaper Gestión, a subsidiary of the Canadian mining company, Barrick Peru, submitted a request to obtain a mining concession for 400 hectares of land in the Puno region in the south-east of Peru. Submission of the request marks a step towards further exploration and extraction of mineral resources in the area, where Barrick first carried out exploration two years ago. In a statement referring to the company’s financial results, president and… Read More Here

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