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Nigeria Leads Shell's Payments to Governments, Receiving Record $4.92 Billion in 2023 1 International Oil & Gas Petroleum 

Nigeria Leads Shell’s Payments to Governments, Receiving Record $4.92 Billion in 2023

Constance
In 2023, Nigeria emerged as the top recipient of payments from Shell, receiving the highest payments in the form of production entitlements, royalties, taxes, and fees amounting to $4.92 billion, marking the highest figure recorded in four years. Shell’s total payments to governments across 27 countries in 2023 amounted to $29.51 billion. Following Nigeria, Oman and Norway ranked as the second and third highest recipients, receiving payments of $4.09 billion and $3.81 billion, respectively. Nigeria’s payout from Shell increased by 8.85 percent compared to the previous year, representing 16.67 percent… Read More Here
Minister of Technology Encourages Zambians to Embrace Digital Innovation for Progress 2 Mining in Zambia Technology & Innovation 

Minister of Technology Encourages Zambians to Embrace Digital Innovation for Progress

Constance
Minister of Technology and Science, Felix Mutati, urged Zambians to leverage the potential of the internet and artificial intelligence (AI) for positive transformation, emphasizing the importance of contributing to knowledge through innovation and entrepreneurship. His remarks were made during the recent launch of a digital marketing book at the University of Zambia. Minister Mutati highlighted the pivotal role of digital technology in revolutionizing marketing strategies, empowering consumers, and facilitating financial interventions. He commended the authors, Clement and Rachel Sinyangwe, for their dedication in sharing knowledge through their book titled “Digital… Read More Here
Kitoko – Ivanhoe’s New High-Grade Copper Discovery 3 Mining in DRC Copper Press Release 

Kitoko – Ivanhoe’s New High-Grade Copper Discovery

Constance
In late 2023, Ivanhoe Mines announced a significant, high-grade copper discover in the Western Foreland, adjacent to the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The discover, coined Kitoko, means “beautiful” or “gift” in several local languages spoken throughout the DRC. This exciting discovery confirms the presence of a significant high-grade copper mineralizing system between 1,000 meters and 1,140 metres below the surface. Kitoko is a fine-grained copper mineralization hosted in flat-lying siltstone in the lower Grand Conglomerate, like Kamoa, Kakula, Makoko, and Kiala deposits, with the… Read More Here
Mopani Copper Mines Relaunch Marks New Era for Zambia 4 Mining in Zambia Copper Partnership 

Mopani Copper Mines Relaunch Marks New Era for Zambia

Constance
In a historic event for Kitwe, the Copperbelt, and Zambia’s mining sector, Mopani Copper Mines celebrated its revitalization, heralding a significant economic shift for the region and the nation. President Hakainde Hichilema expressed deep appreciation for the collaborative efforts that led to the relaunch, emphasizing the meticulous negotiations with International Resource Holdings (IRH) from Abu Dhabi. The partnership, characterized by mutual respect and equitable benefits, ensures Zambian citizens retain a 49% shareholding through ZCCM-IH, showcasing a commitment to national prosperity. IRH’s $1.1 billion investment marks a groundbreaking milestone, representing the… Read More Here
Volcan Mines Halt Operations in Peru for Regulatory Updates 5 International 

Volcan Mines Halt Operations in Peru for Regulatory Updates

Constance
Peruvian zinc, lead, and silver miner Volcan, supported by global commodities giant Glencore, announced plans to cease operations at three of its mines in the country starting Tuesday. This decision comes as the company focuses on updating the operating permit for its Rumichaca tailings dam. According to a statement released to the local regulator, Volcan will suspend activities at the San Cristobal, Carahuacra, and Ticlio mines in central Peru for a period of up to 30 days. Peru, being the world’s second-largest producer of copper, silver, and zinc, relies significantly… Read More Here
Piedmont Lithium Appoints Dawne Hickton to Board of Directors 6 International Battery Metals Lithium Mining Personality 

Piedmont Lithium Appoints Dawne Hickton to Board of Directors

Constance
Piedmont Lithium, a North America-focused company listed on the ASX, announced the appointment of Dawne Hickton to its board of directors. Hickton, known for her leadership roles in aerospace, energy, and metals industries, brings extensive manufacturing expertise to further diversify the board’s executive guidance. President and CEO Keith Phillips praised Hickton’s transformative leadership and cross-industry experience, highlighting her track record in steering organizations through periods of growth. Piedmont aims to emerge as a major lithium hydroxide producer in North America by processing spodumene concentrate from its assets. These include the… Read More Here
Sibanye suspends production at shaft in Rustenburg following damage to infrastructure 7 International 

Sibanye suspends production at shaft in Rustenburg following damage to infrastructure

Constance
Sibanye-Stillwater has suspended production from its Siphumelele shaft, in Rustenburg, South Africa, after some surface infrastructure suffered damage on February 29. An ore collector bin attached to the shaft headgear sheared off and fell to ground, damaging a surface ore conveyor belt system. There were no injuries as a result of the incident, however, the incapacitation of the ore collector bin and collapse of the conveyor system necessitated suspension of production, the company says. Investigations into the cause of the incident are under way and the impact on yearly production… Read More Here
DRC Central Bank Report Highlights Surge in Copper Prices and Oil Prices 9 Mining in DRC Copper Economy 

DRC Central Bank Report Highlights Surge in Copper Prices and Oil Prices

Constance
The Central Bank of Congo’s economic report reveals that the price of copper soared by 4.56% to reach USD 9,050.00 on March 14, 2023. Factors such as expectations of lower US interest rates, a weakening dollar, and copper supply issues for Chinese smelters contributed to this increase. Compared to December 31, 2023, copper prices surged by 6.08%. Additionally, there was a 1.29% increase compared to March 2023. In the same period, the price of oil also saw a notable rise, reaching USD 85.27 per barrel on March 14, 2024, marking… Read More Here
World Bank's $100M Grant to ZESCO Drives Zambian Energy Reforms 10 Mining in Zambia Electricity Energy 

World Bank’s $100M Grant to ZESCO Drives Zambian Energy Reforms

Constance
Energy expert Johnstone Chikwanda asserts that the disbursement of a $100 million grant to Zambia, allocated for ZESCO Limited by the World Bank, will accelerate ongoing energy sector reforms aimed at enhancing access to sustainable clean energy. Dr. Chikwanda emphasizes that Zambia, as a signatory to United Nations Sustainable Development Goal Number 7, stands to benefit significantly from this support as it strives to achieve universal access to clean energy by 2030. He underscores the timeliness of the disbursement, noting the government’s unprecedented efforts to diversify the electricity generation mix.… Read More Here

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