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Global Energy Metals strikes uranium deal with Terra Balcanica Resources 1 International Uranium 

Global Energy Metals strikes uranium deal with Terra Balcanica Resources

Constance
Global Energy Metals Corp (TSX-V:GEMC) has terminated its agreement with Fulcrum Metals Plc and struck a new deal with Terra Balcanica Resources Corp, securing compensation and a royalty over highly prospective uranium projects in Saskatchewan. The agreement’s termination marks a strategic move for Global Energy Metals, as it facilitated a new partnership between Fulcrum and Terra Balcanica Resources. Under the option agreement between Terra and Fulcrum, Terra intends to acquire a 100% interest in Fulcrum’s uranium projects. In exchange for terminating the prior agreement with Fulcrum, Global Energy Metals will… Read More Here
Senegal's New President Initiates Audit of Extractive Sectors 2 International Governance Oil & Gas 

Senegal’s New President Initiates Audit of Extractive Sectors

Constance
In a televised address on Wednesday, newly elected President Bassirou Diomaye Faye announced Senegal’s plans to conduct a comprehensive audit of the oil, gas, and mining sectors. Faye’s landslide victory in the March election reflects the nation’s aspirations for change. The audit marks one of the initial policy actions undertaken since Faye’s inauguration on Tuesday. Emphasizing the importance of natural resource management, Faye stated, “The exploitation of our natural resources, which belong to the people according to the constitution, will be a top priority for my government.” While details about… Read More Here
South African Parliament speaker Nosiviwe resigns amid graft probe 3 International Governance 

South African Parliament speaker Nosiviwe resigns amid graft probe

Constance
Embattled South Africa’s National Assembly Speaker Nosiviwe Mapisa-Nqakula quit her job on Wednesday and surrendered to the police on Thursday morning, potentially ending a crisis for her party, the ruling African National Congress (ANC). But her troubles are set to only start. On Thursday, she was expected to appear in the Specialised Commercial Crime Court in Pretoria on charges of corruption, linked to an over R4-million ($215,000) bribery allegation. Mrs Mapisa-Nqakula arrived at the Lyttelton Police Station in Centurion, north of Johannesburg, on Thursday morning to hand herself over to… Read More Here
DRC Minister of Mines Launches Operational Phase of 0.3% Turnover Allocation Management 4 Mining in DRC 

DRC Minister of Mines Launches Operational Phase of 0.3% Turnover Allocation Management

Constance
During the 131st meeting of the Council of Ministers, Minister of Mines Antoinette N’Samba announced that specialized organizations responsible for managing the allocation of 0.3% of turnover are now operational, with 46 mining companies already engaged in this initiative. These organizations, having received allocations for community needs outlined in their local development plans, are focusing on projects aimed at constructing basic community infrastructure, providing access to clean water and electricity, improving hygiene and sanitation, and fostering job creation and entrepreneurship. Funds collected through these allocations have already facilitated the commencement… Read More Here
Organizations Urge President Tshisekedi to Pursue Embezzlement Cases at Gécamines 5 Mining in DRC 

Organizations Urge President Tshisekedi to Pursue Embezzlement Cases at Gécamines

Constance
In a joint press release, the Public Expenditure Observatory (ODEP) and the African Association for the Defense of Human Rights (ASADHO) have called upon President Félix Tshisekedi to urgently take measures to initiate legal proceedings against those allegedly involved in embezzling nearly $24.7 million from the Générale des Carrières et des Mines (Gécamines). Florimond Muteba, Chairman of the Board of Directors of ODEP, and Jean-Claude Katende, National President of ASADHO, have urged President Tshisekedi to direct the Minister of Justice to promptly transmit these cases to the Attorney General at… Read More Here
Artisanal Miners in Lwisha Battle Harassment and Exploitation 6 Mining in DRC Artisanal mining 

Artisanal Miners in Lwisha Battle Harassment and Exploitation

Constance
In the artisanal mining sites of Lwisha, located in the Haut-Katanga province, numerous state services, often illegally present, alongside artisanal diggers, decry arbitrary harassment and taxes. At sites like “Kasonga” or “Double Band,” where copper is extracted by artisanal diggers, abuses by state services have been highlighted. The locality, situated 75 km from Lubumbashi, faces persistent challenges. Artisanal miners endure deplorable conditions, with most of their earnings falling into the hands of various state services controlling the region. Each visit to the sites entails paying exorbitant and unjustified taxes and… Read More Here
Notables of Kailo Condemn Illegal Mining by Chinese Company 7 Mining in DRC 

Notables of Kailo Condemn Illegal Mining by Chinese Company

Constance
The notables of Kailo territory in the Maniema province of the Democratic Republic of Congo have strongly condemned the illegal and illicit mining activities carried out by the Chinese company Étoile d’Orient. According to a report from the Congolese Press Agency (ACP), the notables expressed deep concern over the fraudulent practices of the company, which seeks to obtain permits in violation of the standards outlined in the DRC’s mining laws and regulations. Benjamin Kawanga, representing the notables of Kailo territory, emphasized that this illegal mining has persisted for years, causing… Read More Here
Copper Prices Expected to Decline in DRC 8 Mining in DRC Copper Zinc 

Copper Prices Expected to Decline in DRC

Constance
The price of copper is anticipated to decrease during the first week of April 2024, disappointing hopes for producing countries like the Democratic Republic of Congo (DRC). Projections from experts at the National Mercurial Commission of the Ministry of Foreign Trade of the DRC suggest that copper will be priced at USD 8,763.30 per tonne from April 1 to 6, down from USD 8,866.65 per tonne the previous week, marking a significant drop of 103 USD per tonne. In 2023, mining companies in the DRC produced 2,842,022 million tonnes of… Read More Here
Women's Rights Advocates Applaud Appointment of Judith Tuluka Suminwa as DRC Prime Minister 9 Mining in DRC Governance 

Women’s Rights Advocates Applaud Appointment of Judith Tuluka Suminwa as DRC Prime Minister

Constance
Women’s rights organizations have expressed their support for Mrs. Judith Tuluka Suminwa’s appointment as Prime Minister of the Democratic Republic of Congo (DRC). Many see this decision as a testament to President Félix-Antoine Tshisekedi’s commitment to gender equality. First Lady Denise Nyakeru Tshisekedi also congratulated Suminwa on her appointment, hailing it as a significant step toward gender equality and women’s leadership. The Forum of Citizen and Committed Women (GDD), an NGO advocating for women’s rights and electoral culture, welcomed Suminwa’s appointment, highlighting its importance for gender representation in decision-making bodies.… Read More Here
ARSP Set to Release Recommended Subcontractors for TFM Major Contracts 10 Mining in DRC Governance 

ARSP Set to Release Recommended Subcontractors for TFM Major Contracts

Constance
The Regulatory Authority for Private Sector Outsourcing (ARSP) plans to publish, within the next few hours, the list of companies recommended for major markets within Tenke Fungurume.The announcement was made at the end of a working session between managers of the mining company TFM and the Director General of ARSP. Miguel Kashal also had a fruitful “conference call” with the majority shareholder of the China Molybdenum Company (CMOC) Group to which the TFM company belongs. “I personally had a conference with the majority shareholder of the CMOC Group whom I… Read More Here

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