Breaking News
Uganda’s Makuutu Rare Earth Project Nears First Production 1 Mining in Uganda 

Uganda’s Makuutu Rare Earth Project Nears First Production

Constance
First production at the Makuutu Rare Earth project in Uganda is scheduled for this March, following the commissioning of a technical facility and demonstration plant at the mine. Developed by mining company Rwenzori Rare Metals Limited, construction took nine months to complete, signaling the completion of Phase 1 of the project. Tim Harrison, Managing Director of Ionic Rare Earths – the parent firm of Rwenzori Rare Metals Limited – said the project “reaffirms our position as a strategic resource for near-term development and a secure, long-term supply of magnet and… Read More Here
IMF backs Uganda's growth agenda with $120 million 2 International Economy 

IMF backs Uganda’s growth agenda with $120 million

Constance
Uganda is set to receive a fresh loan from the International Monetary Fund (IMF). The global lender recently approved a $120 million loan to the East African country following approval from the IMF board. The loan under an Extended Credit Facility follows a line of disbursements that dates back to 2021. According to a report seen in The East Africa, Uganda has been granted a loan of $120 million following the the fifth evaluation of the Multilateral Lender’s Extended Credit Facility (ECF) program, which may see Kampala receive up to… Read More Here
Nigeria reiterates its intention to join the BRICS group 3 International Economy 

Nigeria reiterates its intention to join the BRICS group

Constance
In an interview with the Russian news publication, Sputnik Africa, Yusuf Tuggar noted that Nigeria is planning to apply to join the BRICS group of nations once the required internal processes are completed. “We intend to do it. Like I said before, Nigeria runs a deliberative democratic system. So there tends to be a lot of engagement with different interest groups, different internal bodies before such an action is taken,” Tuggar said. He mentioned the 2023 BRICS Summit in South Africa, which the Vice President of the country, Kashim Shettima’… Read More Here
Africa Global Logistics Commences Operations at Port of Lobito 4 International Transport and Logistics 

Africa Global Logistics Commences Operations at Port of Lobito

Constance
Africa Global Logistics (AGL) marked a significant milestone last week as it received the first cargo ship at the Port of Lobito in the Benguela province of Angola. The arrival of the ship at the general cargo terminal signals the formalization of AGL’s activities in operating the Multipurpose terminal at Porto do Lobito. Managed by the firm Seatrade, the cargo ship, measuring 169.37 meters long, brought 6,500 tons of rice to the port. It has been docked at the south pier since Tuesday to commence unloading operations. This historic moment… Read More Here
Copperbelt Energy Corporation Reports 171% Profit Growth to US$137.6 Million in 2023 5 Mining in Zambia Energy 

Copperbelt Energy Corporation Reports 171% Profit Growth to US$137.6 Million in 2023

Constance
Copperbelt Energy Corporation (#CEC) has recorded an increase in profit by 171 percent, from US$50.8 million in 2022 to US$137.6 million in 2023. According to CEC’s latest financial report signed by company secretary Julia Chaila, the energy firm also recorded an increase in revenue from US$374.4 million in 2022 to US$382.3 million in 2023, representing a two percent increase. Ms Chaila stated that the increase in revenue was underpinned by local and regional power sales that increased by five percent and two percent respectively. “The increase in earnings is as… Read More Here
BRICS: China Enters Western Territory, Buys Gold Company With Hard Cash 6 International Economy 

BRICS: China Enters Western Territory, Buys Gold Company With Hard Cash

Constance
BRICS member China is entering Western territory and buying gold exploration companies with hard cash worth millions. China’s Yintai Gold firm struck a sale deal with Canada’s gold exploration company Osino for CAD 368 million, which is equivalent to $272 million. China will completely buy the Canadian gold exploration firm by paying hard cash worth $272.53 million. Before selling the company to China’s Yintai Gold, Osino will end its CAD 287 million deal with Canadian gold miner Dundee Precious Metals. The talks began in December last year between China’s Yintai… Read More Here
Tantalex Lithium Resources Corp Announces Production Milestone in DRC's TiTan Plant 7 Mining in DRC Lithium Tin 

Tantalex Lithium Resources Corp Announces Production Milestone in DRC’s TiTan Plant

Constance
Canadian company Tantalex Lithium Resources Corp, led by Eric Allard, has announced that its tin and tantalum plant, TiTan, based in the DRC, has produced its first batch of export-ready tin and tantalum concentrates. A first batch of 10 tonnes of tin concentrates (SnO2) has been fully processed at its Manono mining site. Additionally, 2.5 tonnes of tantalum concentrates (Ta2O5) have also been produced. All of TiTan’s production is sold under an operating agreement with AfriMet Resources Ag, a Swiss company based in Zug, founded by Hadley Natus in 2019,… Read More Here
Federal Court Clears Tech Giants of DRC Cobalt Child Labor Accusations 8 Mining in DRC Battery Metals Cobalt 

Federal Court Clears Tech Giants of DRC Cobalt Child Labor Accusations

Constance
A federal appeals court has dismissed a case accusing major technology companies, including Alphabet, Apple, Dell Technologies, Microsoft, and Tesla, of complicity in child labor practices within cobalt mining operations in the Democratic Republic of the Congo (DRC). Sixteen plaintiffs, representing children allegedly affected by cobalt mining, brought the case to court. The U.S. Court of Appeals for the District of Columbia ruled in favor of the technology companies, stating that their purchasing of cobalt did not constitute direct involvement in the use of child labor, as outlined in federal… Read More Here
Fraudulent Mineral Trafficking Thrives in Eastern DRC: Civil Society 9 Mining in DRC 

Fraudulent Mineral Trafficking Thrives in Eastern DRC: Civil Society

Constance
In a press release received this Friday, March 8, 2024 at DESKECO.COM, the territorial coordination of the Civil Society Forces Fives of Masisi alerts both national and international opinion on the fraudulent trafficking of minerals from the exploitation perimeter (PE) 4731 in the RUBAYA region by RWANDA and company via the M23 label in complicity with certain black sheep (traitors) at the local level.  The press release warns that several tons of strategic minerals, notably coltan… are being evacuated at night from the RUBAYA region to the city of MUSHAKI… Read More Here
ZCCM-IH Shareholders Unanimously Approve the Mopani Copper Mines Transaction 10 Mining in Zambia Copper Press Release 

ZCCM-IH Shareholders Unanimously Approve the Mopani Copper Mines Transaction

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), has agreed to acquire a 51% shareholding in Mopani for a total investment of up to US$1.1 billion. The approval was given at the Shareholder’s Extraordinary General Meeting (EGM) held in Lusaka on 23rd February 2024. ZCCM-IH will retain 49% shares in Mopani, with 3 out of 9 board seats (5 by Delta and 1 by GRZ), and thus continue to participate… 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.