Breaking News
Copper Theft Intercepted in Haut-Katanga 1 Mining in DRC Copper 

Copper Theft Intercepted in Haut-Katanga

Constance
Security services in the Haut-Katanga province of the Democratic Republic of Congo have seized two trucks loaded with approximately 60 tonnes of stolen copper cathodes in Likasi, announced the provincial Governorate. Four individuals accompanying the stolen minerals were arrested and brought before the courts in Lubumbashi for a public trial to be held, stated Governor Jacques Kyabula. He emphasized the need for transparency in revealing the sponsors and perpetrators behind such crimes. The intercepted trucks, carrying copper cathodes, are believed to have originated from Kolwezi, a mining town in the… Read More Here
CADM Workshop in Kinshasa Advocates for Sustainable Mineral Governance 2 Mining in DRC 

CADM Workshop in Kinshasa Advocates for Sustainable Mineral Governance

Constance
Kinshasa, the capital of the Democratic Republic of Congo (DRC), hosted an awareness workshop on the governance of sustainable mineral resource management on Friday, March 22, 2024, initiated by the African Mining Development Center (CADM). Dr. Marit Kitaw, Acting Director of CADM, underscored the center’s mission to advocate for transparency, equity, and optimal development of mineral resources in Africa. She emphasized the shift towards a mineral-driven development model that prioritizes sustainable growth and socio-economic development, moving away from a revenue-first extractive approach. Dr. Kitaw urged the DRC and Gabon to… Read More Here
DRC Achieves 23% Rating for Mineral Resource Governance (Study) 3 Mining in DRC 

DRC Achieves 23% Rating for Mineral Resource Governance (Study)

Constance
The Democratic Republic of Congo (DRC) received a provisional rating of 23% in alignment with the African mining vision, as revealed during an awareness seminar on sustainable mineral resource management in the Central African States (ECCAS) held on March 22, 2024. These findings stem from an evaluation study conducted on the governance of mineral resources in the DRC. The study assessed various aspects, including the legal framework, geological information systems, taxation and income management, linkages, investments and diversification, artisanal small-scale mining, and environmental and social issues, based on criteria established… Read More Here
DRC Surpasses Peru as Second-Largest Copper Producer 4 Mining in DRC Copper Mining in Zambia 

DRC Surpasses Peru as Second-Largest Copper Producer

Constance
The Democratic Republic of Congo (DRC) has achieved a significant milestone by surpassing Peru as the world’s second-largest copper producer. Previously, Peru held this position, trailing behind Chile, one of the leading copper producers globally. The DRC, renowned for its abundant mineral resources, particularly copper, has seen a notable rise in its copper production. Initial estimates from Statista projected Chile to produce 5.3 million metric tons of copper in 2023, with Peru following closely at 2.6 million metric tons and the DRC at 2.5 million metric tons. However, recent reports… Read More Here
MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana 5 International Copper Mergers & Acquisitions 

MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana

Constance
MMG Limited, a Hong Kong-listed base metals miner, has finalized the acquisition of the Khoemacau Copper Mine, a cutting-edge copper asset located in northwestern Botswana. The completion of the acquisition was announced today, March 22, 2024, marking a significant milestone for MMG Limited. The acquisition adds a high-quality growth project to MMG’s portfolio, signifying a transformative move for the company. As part of the acquisition, MMG paid an Aggregate Consideration of approximately US$1,734,657,000 (over P23 billion) to the sellers, with possible adjustments post-Completion. Additionally, MMG advanced approximately US$348,580,000 (over P4.5… Read More Here
Building energy reliability for the mining industry 6 Corporate News Energy 

Building energy reliability for the mining industry

arnbethnic
The mining sector faces considerable headwinds across the faltering global and local economies, geopolitical complexity, and power instability. Energy supply shortages are affecting mining organisations – the sector has had to navigate soaring costs, increasingly demanding sustainability regulations, and unreliable power supply while dealing with mercurial markets and fluctuating economies. They need an integrated energy approach that leverages natural and available resources in a solid and well-structured ecosystem which is cost-effective, reliable, and sustainable. Protecting this asset from the vagaries of an unreliable energy supply is crucial. And yes, the… Read More Here
Human rights court orders Peru to pay damages to mining town 7 International 

Human rights court orders Peru to pay damages to mining town

Constance
The Inter-American Court of Human Rights on Friday ordered Peru to pay damages to residents of an Andean town for violations of their right to a healthy environment from years of air, water and soil pollution from a nearby mine. The court ruled the state failed to comply with its duty to regulate and supervise La Oroya Metallurgical Complex, which was active for nearly a century before debts and environmental regulations forced it to close in 2009. The court said it corroborated that exposure to lead, cadmium, arsenic and sulfur… Read More Here
TFM launches asphalting work on 2.3 km of the Tenke road 24 Mining in DRC Corporate social responsibility 

TFM launches asphalting work on 2.3 km of the Tenke road

Constance
TFM, in alignment with its social responsibility initiatives, has diligently worked since its establishment in the region to provide essential services to its neighboring community. Through the Dotation-TFM, formerly known as the Community Social Fund, significant efforts have been made to bolster infrastructure in the Tenke agglomeration. Notably, 2.3 kilometers of asphalt road are slated for construction, augmenting the existing 5-kilometer stretch already delivered through the TFM Community Social Fund. The road slated for rehabilitation serves as the main artery of Tenke town, facilitating connectivity to national road no. 39,… Read More Here
Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival 25 Mining in Zambia Copper 

Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival

Constance
The National Ex-Miners and Allied Workers Association of Zambia have lauded President Hakainde Hichilema and his government for their role in unlocking Mopani Copper Mines. Lucky Zulu, Acting President of the Association, described the development at Mopani as a source of relief, bringing fresh air and hope to former miners. He emphasized the Association’s intention to communicate with Mopani management and the government, urging them to prioritize the reinstatement of ex-miners in light of the $1.1 billion investment into the mines by International Resources Holdings. Zulu expressed these sentiments in… Read More Here

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