Breaking News
South Sudan President in DRC for Regional Peace Tour 1 Mining in DRC Governance 

South Sudan President in DRC for Regional Peace Tour

Constance
South Sudan’s President Salva Kiir embarked on a diplomatic mission to ease tensions and foster cooperation in East Africa, meeting with his counterpart, President Felix Tshisekedi of the Democratic Republic of Congo (DRC). In his capacity as Chairperson of the East African Community, President Kiir visited the DRC on March 25, aiming to address tensions between Rwanda and the DRC. Presidential Press Secretary Lily Adhieu Martin emphasized that this visit is part of President Kiir’s ongoing regional peace tour, seeking to diplomatically engage countries to mitigate tensions along their borders.… Read More Here
glencore london International Coal 

Glencore Investors Push Against Coal Spin-Off, Citing Financial and Environmental Benefits

Constance
A growing number of Glencore investors are advocating for the company to retain its coal assets instead of spinning them off, citing financial prospects and environmental considerations. Glencore, set to expand its coal operations with the acquisition of Teck’s assets, plans to list the combined coal unit separately in New York. However, investors argue that coal remains a lucrative option for the foreseeable future, even amid a shift towards renewable energy. The acquisition of Teck’s coal business is expected to significantly boost Glencore’s free cash flow, with analysts estimating $5-6… Read More Here
Minister Updates Child Welfare Project in Cobalt Supply Chain 2 Mining in DRC Cobalt 

Minister Updates Child Welfare Project in Cobalt Supply Chain

Constance
During a council meeting on Friday, March 21, Minister of Social Affairs, Humanitarian Actions, and National Solidarity, Modeste Mutinga, shared the interim outcomes of a project aimed at removing children from artisanal cobalt mines and transitioning their families into agribusiness. The initiative seeks to provide economic alternatives to diversify the local economy and offer socio-professional integration opportunities for the population. Key achievements include the support of 13,587 children, who were referred to schools near cobalt mining sites in Haut-Katanga and Lualaba. Additionally, plans are in place to construct 18 social… Read More Here
ARSP Funds $10,000 for 'Makala Eco' Biodegradable Waste Recycling Project 3 Mining in DRC Governance 

ARSP Funds $10,000 for ‘Makala Eco’ Biodegradable Waste Recycling Project

Constance
The “Makala Eco” Project, designed to recycle biodegradable waste into a sustainable energy source, received a funding of $10,000 from the Private Sector Subcontracting Regulatory Authority (ARSP). The project was adopted during a conference held at the University of Kinshasa on March 19, 2024. The initiative aims to repurpose organic waste like banana flowers, sugar cane, and corn cob leaves into a valuable energy resource. Through carbonization, these waste materials are transformed into a paste that serves as an eco-friendly alternative to traditional fuels. Students behind the “Makala Eco” project… Read More Here
Minister Paluku Proposes DRC's Battery Industry Development Program 4 Mining in DRC Battery Metals 

Minister Paluku Proposes DRC’s Battery Industry Development Program

Constance
Minister of Industry, Julien Paluku, presented three information notes to the Council on March 15, focusing on Congo’s position in the global battery, renewable energy, and electric car value chain. The study conducted by Cabinet BICOTIM highlights socio-economic conditions favoring Congo’s battery industry growth. The study proposes leveraging Kamina’s strategic advantages, including its geographical location, existing infrastructure, proximity to metal supply sources for electric batteries, access to hydroelectric power stations, and its position along National Road number 1. This initiative aims to establish a “National Program for the Development of… Read More Here
Fortescue eyes developing its copper assets, not looking at Cobre Panama 5 International Copper 

Fortescue eyes developing its copper assets, not looking at Cobre Panama

Constance
Australia’s Fortescue, the world’s fourth-largest iron ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairman told Reuters on Saturday. “The company has choices in front of it … we have a lot of copper options on the table. And when we feel the time is right, we’ll pull the trigger,” Andrew Forrest said during a visit to Beijing. However, he said the company was not looking at First Quantum’s idled Cobre Panama copper mine. Cobre Panama, one of… Read More Here
Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast 6 Copper Battery Metals Nickel 

Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast

Constance
Ivanhoe Electric Announces Completion of Earn-In to Acquire a 60% Interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast Joint Venture Partner Sama Resources Announced a New Preliminary Economic Assessment for the Project Delivering a Pre-tax NPV8 of US$463M and a Pre-tax IRR of 28.2%, with an Estimated Initial Capital Cost of US$338M The Project has the Potential for a 16-Year Mine Life Producing a Conventional 26% Copper Concentrate and a 13% Nickel Concentrate, with Associated Platinum, Palladium and Cobalt By-Products PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE… Read More Here
Zambian Chief Urges Govt Action on Mineral Exploration 7 Mining in Zambia Exploration 

Zambian Chief Urges Govt Action on Mineral Exploration

Constance
Chief NDAKE of Nyimba District has urged the government to accelerate mineral exploration efforts across the country, emphasizing the importance of understanding the nation’s mineral resources. Highlighting the abundance of mineral deposits in areas like Eastern Province, Chief NDAKE emphasized the need for these resources to be tapped into for development. His remarks were made during the launch of a Mining Study by Caritas Chipata, aimed at enhancing transparency and accountability in mining activities within Lusangazi and Nyimba Districts. And John Zulu, the Programmes Officer of Caritas Chipata Governance Unit,… Read More Here
Zijin Mining Group Expresses Concern Over US-Led Mineral Control Efforts 8 International 

Zijin Mining Group Expresses Concern Over US-Led Mineral Control Efforts

Constance
Zijin Mining Group, a prominent Chinese mining conglomerate, has voiced apprehension regarding the impact of US-led initiatives aimed at curbing China’s dominance in the mineral sector, potentially hindering the company’s global expansion. During a media briefing, Zijin’s Chairman Chen Jinghe remarked on the growing challenges faced by the Chinese economy and mining industry, attributing them to the perceived containment efforts by developed nations. He expressed a belief that Zijin would inevitably become a target of such measures. With Beijing’s significant influence in critical mineral supply chains crucial for various industries,… Read More Here
Newmont Initiates Sale of Akyem Gold Mine in Ghana Amid Surging Metal Prices 9 Gold International 

Newmont Initiates Sale of Akyem Gold Mine in Ghana Amid Surging Metal Prices

Constance
Newmont Corp. has commenced the process of selling its Akyem gold mine in Ghana, with Chinese producers expressing early interest in the asset as gold prices soar, according to sources familiar with the matter. The disposal of the Akyem mine is being facilitated by Citigroup Inc., who has begun reaching out to potential buyers, including Shandong Gold Mining Co. and Zijin Mining Group Co., among others. Chifeng Jilong Gold Mining Co. and Australian miner Perseus Mining are also reportedly considering the acquisition. While discussions are in the preliminary stages, it’s… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.