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DRC Targets Local Ownership in Subcontracting 1 Mining in DRC Governance 

DRC Targets Local Ownership in Subcontracting

Constance
In the Democratic Republic of Congo (DRC), the Regulatory Authority for the Control of Subcontracting in the Private Sector (ARSP) currently registers 15,000 subcontracting companies. Director General Miguel Kashal Katemb announced plans to increase this number to 50,000 to 60,000 by the end of 2024 during a briefing with Minister of Communication and Media, Patrick Muyaya. Efforts are underway to ensure that Congolese businesses secure significant contracts, particularly in the mining sector, according to Kashal. Since 2017, the ARSP has enforced laws requiring subcontracting to be predominantly owned by Congolese… Read More Here
Barrick to Grow Production and Value on Global Asset Foundation 2 Gold Copper International Press Release 

Barrick to Grow Production and Value on Global Asset Foundation

Constance
Barrick’s peerless gold and rapidly growing copper portfolios now extend across all the major gold and copper districts worldwide, providing the company with a solid base from which to grow its production and value, directed by a proven strategy and supported by a broad spectrum of skills, says president and chief executive Mark Bristow in the 2023 Annual Report published today. “Discovery and development are the true drivers of value and our strong focus on exploration is evident in our widespread hunt for new discoveries with Tier One1 potential as… Read More Here
Theta Gold Secures Approvals for Mining Operations at MR 83 in South Africa 3 International Gold 

Theta Gold Secures Approvals for Mining Operations at MR 83 in South Africa

Constance
Theta Gold, a mining company, announces that it has obtained all necessary approvals to initiate mining activities at Mining Right (MR) 83, encompassing the Beta, CDM, and Frankfort mines, located in South Africa’s Mpumalanga province. “We are delighted to confirm that MR 83 has secured all requisite permits, marking a significant milestone for potential project financing as previously disclosed,” stated Theta’s chairperson, Bill Guy. “With this accomplishment, our focus shifts to finalizing funding arrangements and collaborating with our chosen engineering, procurement, and construction contractor to construct the gold processing plant.”… Read More Here
President Tshisekedi Meets British Minister to Discuss Eastern DRC Security 4 Mining in DRC Governance 

President Tshisekedi Meets British Minister to Discuss Eastern DRC Security

Constance
President Félix Tshisekedi met on Wednesday at the African Union City with a British delegation led by Richard Henry Ronald Benyon, Britain’s Minister of State for Foreign Affairs, Environment and Climate. The security crisis in the east of the country was among the topics discussed. “We want to help the DRC find solutions to this terrible situation. We will use all channels of communication to focus on peace in the DRC,” Lord Benyon said. In addition, Lord Benyon reiterated the UK’s commitment to creating a mutually beneficial partnership with the… Read More Here
Copperbelt Province Minister Urges Mopani Copper Mines to Settle Debts 5 Mining in Zambia Copper 

Copperbelt Province Minister Urges Mopani Copper Mines to Settle Debts

Constance
Copperbelt Province Minister Elisha Matambo has called upon Mopani Copper Mines (MCM) to initiate the repayment of outstanding debts owed to Kitwe City Council (KCC) following the recent unlocking of the mining firm. MCM’s substantial indebtedness to the local authority has reportedly impeded the provision of essential services. Last month, shareholders of ZCCM-IH unanimously approved the acquisition of a 51 percent shareholding in Mopani Copper Mines Plc by Delta Mining Limited, a subsidiary of International Resource Holdings (IRH), representing an investment of up to US$1.1 billion. While ZCCM-IH retains a… Read More Here
US Turns to Africa to Diversify Battery Metal Supply Chains 6 Cobalt Battery Metals Copper Lithium 

US Turns to Africa to Diversify Battery Metal Supply Chains

Constance
The United States is seeking to Africa to reduce reliance on Chinese-controlled battery metals and diminish Russia’s influence on mineral markets, US Deputy Treasury Secretary Wally Adeyemo stated on Thursday. In light of the pandemic and geopolitical tensions, Western nations are striving to decrease dependency on Chinese supply chains and disentangle their economies from Russia. As the US advances its energy transition agenda, it aims to catch up with China’s decade-long efforts to secure access to minerals crucial for electric vehicle batteries and solar panels. “We don’t want to overly… Read More Here
President Tshisekedi Oversees Renegotiation of Mining Contract with Chinese Group 7 Mining in DRC Cobalt Copper 

President Tshisekedi Oversees Renegotiation of Mining Contract with Chinese Group

Constance
In Kinshasa this Thursday, President Félix Tshisekedi led the signing of the renegotiated mining contract with the Chinese Enterprises Group (GEC), marking the fifth amendment to the collaboration agreement initiated in April 2008 for mining and infrastructure projects in the Democratic Republic of Congo (DRC). The contract amendment aims to establish a mutually beneficial partnership, including a significant increase in infrastructure investment from USD 3.2 billion to USD 7 billion, with plans for constructing approximately 5,000 km of roads, according to Alexis Gisaro, Minister of State for Infrastructure and Public… Read More Here
DRC Grants $3.5M to Buenassa for Copper-Cobalt Plant 8 Mining in DRC Battery Metals Cobalt Copper 

DRC Grants $3.5M to Buenassa for Copper-Cobalt Plant

Constance
Buenassa SARL has been granted $3.5 million by the Democratic Republic of Congo’s Industry Promotion Fund to facilitate the establishment of a copper and cobalt refinery in Lualaba province. The company announced this development in a recent press release. The funding, allocated by the Industry Minister Julien Paluku, is intended to kickstart the project aimed at bridging the gap between mining and the production of battery precursors. The initial focus will be on conducting studies, with production slated to commence in 2027. Buenassa SARL has set ambitious targets of producing… Read More Here
Thunder Gold Completes Sale of 25% Stake in Namibia's Kalahari Copper Belt Project to Noronex 9 International Copper Gold 

Thunder Gold Completes Sale of 25% Stake in Namibia’s Kalahari Copper Belt Project to Noronex

Constance
Thunder Gold Corp, formerly known as White Metal Resources, has completed its exit from Namibia by selling its remaining 25% interest in the Kalahari Copper Belt to its joint venture partner Noronex. The belt includes the Witvlei and Dordabis projects, collectively known as the DorWit projects, boasting a current JORC (2012) compliant resource of 10 million tons at 1.3% Cu, with significant exploration potential. Noronex’s acquisition of Larchmont Investments in November 2020 led to a majority stake in Aloe 237 Investments, the owner of the Kalahari Copper Belt licenses. Now,… Read More Here
Ivanhoe Electric to Implement Advanced Software at Tintic Copper-Gold-Silver Project 10 Technology & Innovation Copper Exploration Gold International Mining technology Press Release 

Ivanhoe Electric to Implement Advanced Software at Tintic Copper-Gold-Silver Project

Constance
Ivanhoe Electric Announces Application of Latest Computational Geosciences Inc. Software at Tintic Copper-Gold-Silver Project in Utah Recent Advancements in CGI’s Machine Learning-based Software Improve Quality and Speed of Typhoon™ Data Processing Updated Interpretation of Typhoon™ Survey Data at Tintic Resulted in Refined Drill Targets Ivanhoe Electric and CGI Are Utilizing the Latest Software in Recent U.S. Surveys and in the Company’s Saudi Arabian Exploration Joint Venture with Ma’aden PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American: IE; TSX: IE) and its subsidiary, Computational Geosciences Inc. (“CGI”), are pleased to… Read More Here

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