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Paratus Group provides resilient network capacity solutions 1 Technology & Innovation International Press Release 

Paratus Group provides resilient network capacity solutions

Constance
Multiple outages on undersea cables are disrupting internet and online services and have been affecting millions of people in Africa for the past two weeks. This disruption could have far-reaching consequences not only for commercial operations and personal communications but also for the healthcare and education sectors. The recent outages have been caused by cuts affecting the undersea cables near Abidjan, Côte d’Ivoire, namely the West Africa Cable System (WACS), the Africa Coast to Europe (ACE), MainOne and SAT3 cables. These submarine cable systems play a critical role in connecting… Read More Here
Redpath Mining Inc. Expands Global Presence with Acquisition of RUC Mining Contractors Pty Ltd 2 International Mergers & Acquisitions 

Redpath Mining Inc. Expands Global Presence with Acquisition of RUC Mining Contractors Pty Ltd

Constance
Redpath (Australia) Holdings Pty Ltd, a subsidiary of Redpath Mining Inc, has announced the signing of a share purchase agreement to acquire RUC Mining Contractors Pty Ltd (RUC), pending regulatory approvals. The completion of the acquisition, expected by June 2024, will integrate RUC into the Redpath Group, reinforcing its status as a leading global provider of mine development, shaft sinking, and raise drilling services. George Flumerfelt, CEO of The Redpath Group, expressed confidence in the acquisition, emphasizing RUC’s reputation for quality service and expertise. He anticipates that the combined capabilities… Read More Here
Bassirou Diomaye Faye: Senegal's Unexpected Path to Presidential Victory 3 International Governance 

Bassirou Diomaye Faye: Senegal’s Unexpected Path to Presidential Victory

Constance
Bassirou Diomaye Faye’s ascension from relative obscurity to Senegal’s presidency marks a remarkable chapter in the nation’s political landscape. Once a tax collector with no political aspirations, Faye’s journey captivates amid a tumultuous period in Senegalese politics, culminating in his historic win as Africa’s youngest elected president. Nicknamed “Mr. Clean,” Faye’s rise follows a turbulent narrative, including a stint in jail alongside his ally and influential figure, Ousmane Sonko. Released just before the presidential election, Faye swiftly captured the attention of the nation with promises of sweeping reforms. Described as… Read More Here
Rio Tinto's Global Tax and Royalty Contributions in 2023 4 International Mining tax Taxes 

Rio Tinto’s Global Tax and Royalty Contributions in 2023

Constance
Rio Tinto, a diversified mining company, reported substantial tax and royalty payments totaling $8.5 billion worldwide in 2023, with the majority allocated to Australia, where it conducts nearly half of its global operations. Compared to the $10.8 billion paid in 2022, which included $1.5 billion in Australian corporate tax payments related to previous years, the 2023 figure reflects a decrease. In Australia, tax and royalty payments amounted to $6.6 billion in 2023, inclusive of $4.1 billion in corporate tax payments. Additionally, Rio Tinto disbursed significant sums in Canada ($601 million),… Read More Here
Kansanshi Rising: Inside S3 with Anthony Mukutuma 5 Mining in Zambia Copper 

Kansanshi Rising: Inside S3 with Anthony Mukutuma

Constance
In May 2022, First Quantum Minerals (FQM) reinforced its commitment to Zambia by investing $1.25 billion in an expansion project at Kansanshi, known as the ‘S3 project’. The project will extend the life of the mine by 20 years, protect thousands of jobs, and ensure that the company’s widespread and varied support for the community can continue. S3 involves expanding Kansanshi’s mining pit, building a new processing plant, and enlarging the mine’s on-site smelter – all in the name of producing more copper. Following a conversation with the mine’s General… Read More Here
CKM EMAGAZINE MARCH – APRIL 2024 EDITION (PDF FORMAT) 6 Mining in DRC CKM eMagazine Mining in Zambia 

CKM EMAGAZINE MARCH – APRIL 2024 EDITION (PDF FORMAT)

arnbethnic
Just in case you have not yet receive the March– April edition of the CKM eMagazine, Here’s your free copy and don’t forget to share with your colleagues who might not only need this but would also benefit from the news and information provided in this special edition. The CKM eMagazine is massively distributed digitally reaching top decision makers in all the mining houses of Zambia and the DRC. We currently have over 96,000 followers on LinkedIn with over 53,000 CKM Newsletter subscribers. Our upcoming May – June 2024 edition will shared at the DRC Mining Week in Lubumbashi, DRC. This… Read More Here
Abu Dhabi's IRH and Jubilee Metals Group Forge Joint Venture for Copper Project in Zambia 7 Mining in Zambia Copper 

Abu Dhabi’s IRH and Jubilee Metals Group Forge Joint Venture for Copper Project in Zambia

Constance
Abu Dhabi’s International Resources Holding (IRH) has affirmed its commitment to form a joint venture (JV) with Jubilee Metals Group, a diversified metals processor, to undertake a copper waste rock project in Zambia. Additionally, IRH aims to advance the upgrade of Jubilee’s Roan copper facility and expand its chrome operations. The waste rock project is designed to process over 260 million tonnes of copper-containing surface material. Initially, four modular processing plants will be installed with a combined capacity of 2.4 million tonnes per year. This setup is projected to yield… Read More Here
Toxic River Water near DRC's Mining Sites Raises Health Concerns 8 Mining in DRC Safety & Health 

Toxic River Water near DRC’s Mining Sites Raises Health Concerns

Constance
Recent research conducted by scientists from the University of Lubumbashi in the Democratic Republic of Congo (DRC) has revealed alarming levels of toxicity in river water near some of the country’s largest copper and cobalt mines. The findings, commissioned by UK-based corporate watchdog RAID and Congo’s African Resources Watch, highlight potential health risks posed by acidic water contamination. The preliminary report indicates that water samples from four rivers near major mining sites tested “hyper-acidic” or “very acidic,” rendering them unsuitable for supporting aquatic life and potentially hazardous to human and… Read More Here
Andrada Mining Reports Significant Production Increase in Namibia Operations 9 International Lithium 

Andrada Mining Reports Significant Production Increase in Namibia Operations

Constance
Andrada Mining, a company with mining and exploration assets in Namibia, has announced a remarkable 60% year-on-year increase in ore processed for the financial year ended February 29, reaching 915,599 metric tons. The Uis mine, a key asset of Andrada Mining, witnessed a notable surge in tin concentrate production, up by 54% to 1,474 metric tons, with contained tin production also rising by 51% to 885 metric tons. During this period, plant availability at the Uis mine improved to 91%, compared to 87% in the previous financial year. Additionally, the… Read More Here
Zambia's Inflation Surges to Over Two-Year High Amid Severe Drought 10 Mining in Zambia Economy 

Zambia’s Inflation Surges to Over Two-Year High Amid Severe Drought

Constance
Zambia’s annual inflation rate has soared to its highest level in over two years due to the country’s worst drought on record, resulting in a sharp increase in food prices. According to acting Statistician General Chola Daka, the consumer price index rose to 13.7% in March, compared to 13.5% the previous month, with prices rising by 1.2% within the month. The spike in inflation was primarily driven by surging prices of bread, cereals, and meat, causing food inflation to jump to 15.6% from 14.1% in the previous month. However, non-food… Read More Here

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