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Loulo-Gounkoto Delivers Another Value-Creating Performance 1 Press Release Gold International 

Loulo-Gounkoto Delivers Another Value-Creating Performance

Constance
The Loulo-Gounkoto complex in Mali, one of the world’s largest gold producers, has contributed more than $1 billion to the Malian economy over the past 12 months, maintaining its long record as one of the country’s largest and most consistent revenue generators. The complex is on track to meet its production guidance for the current quarter and the year. There have been no lost time injuries or major environmental incidents during the quarter to date. Speaking to media and stakeholders at the mine today, Mark Bristow, president and chief executive… Read More Here
China’s copper smelters to discuss production cut as fees slump 2 International Copper 

China’s copper smelters to discuss production cut as fees slump

Constance
China’s biggest copper smelters are set to meet in Beijing next week to discuss measures to counter a plunge in ore processing fees to the lowest level in years, including potential production cuts. At least 15 smelters were invited to the meeting hosted by the China Nonferrous Metals Industry Association, said people familiar with the matter, who asked not to be identified as they aren’t authorized to speak publicly. The fees that companies receive to turn concentrate into refined metal, so-called treatment charges, have slumped to a record low in… Read More Here
US Calls For Progress On Zambia-Lobito Rail-Line 3 Mining in Zambia Angola Mining in DRC Transport and Logistics 

US Calls For Progress On Zambia-Lobito Rail-Line

Constance1 Comment
United States President JOE BIDEN’s Senior Advisor AMOS HOCHSTEIN has called for an accelerated path towards achieving a bankable concession agreement for the new Zambia-Lobito rail line. Mr. HOCHSTEIN says this must be aligned with host country laws, and coordinate additional investment projects that complement and benefit from the core transportation investment. He says the project will also come along with infrastructure investments in digital access, clean energy and energy supply chains, agribusiness and health. Mr. HOCHSTEIN has also expressed optimism that the construction of Lobito corridor will start in… Read More Here
Mozambique's Mining Export Oversight Strengthened with SGS Contract Approval 4 International 

Mozambique’s Mining Export Oversight Strengthened with SGS Contract Approval

Constance
The contract signed between the Mozambican government and SGS, a company specializing in verifying the specifications, prices, and quantities of the country’s mining export products, at the end of last year has now been approved by the Administrative Tribunal (TA). SGS, renowned for its expertise in inspection, verification, testing, and certification of mining exports, is now poised to commence operations as contracted through international public tender. Having already established a presence in the Mozambican market through its work with the Single Electronic Window (JUE), operated by the Mozambican Tax Authority… Read More Here
Panama asks FQM to suspend visitor program at disputed copper mine 5 International Copper 

Panama asks FQM to suspend visitor program at disputed copper mine

Constance
Panama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government before starting the community relations initiative. The Canadian miner announced the program to help the Panamanian society to get a first-hand experience of what was happening at the site of the copper mine, according to a post from the company’s Panama unit on social media platform X. “The ministry informed them (First Quantum) that these type of decisions,… Read More Here
FQM’s Panama mine closure to cost around $800m, minister says 6 Copper International 

FQM’s Panama mine closure to cost around $800m, minister says

Constance
The cost of the closure of Canadian miner First Quantum’s copper mine in Panama is estimated at around $800 million, Trade and Industry Minister Jorge Rivera said on Wednesday. An inter-ministry coalition, which is developing the mine’s closure plan, is working on alternative measures to recoup funds so that the cost does not come out of the state’s coffers, Rivera told journalists. Panama’s government ordered the shutdown in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the… Read More Here
Félix Tshisekedi Enhances Bilateral Relations during Qatar Visit 7 Mining in DRC Governance 

Félix Tshisekedi Enhances Bilateral Relations during Qatar Visit

Constance
Félix Tshisekedi embarked on a two-day working visit to Doha, Qatar, on Monday, aimed at bolstering bilateral relations between Qatar and the Democratic Republic of Congo (DRC) across various areas of mutual interest. Upon arrival, the Congolese president received a warm welcome from Dr. Ahmad bin Hassen Al Hammadi, Secretary General of the Qatari Ministry of Foreign Affairs, and Valerie Lusamba Kabeya, Ambassador of the DRC to Qatar. During the first day of his mission, President Tshisekedi visited the DRC embassy in Doha, where he engaged with the diplomatic staff… Read More Here
KoBold Metals Expedites High-Grade Copper Mine in Zambia 8 Mining in Zambia Copper New Mining Projects 

KoBold Metals Expedites High-Grade Copper Mine in Zambia

Constance
KoBold Metals, a California-based metals exploration company with backing from billionaires Bill Gates and Jeff Bezos, is considering partnerships as it aims to expedite the development of a new copper mine in Zambia, with an estimated cost of around $2 billion. The Silicon Valley start-up, renowned for its use of artificial intelligence in prospecting for copper, cobalt, nickel, and lithium, is also contemplating a potential public listing of its shares within the next three to four years, according to Josh Goldman, its co-founder and president, as reported by Reuters. Initially… Read More Here
FQM Supports Zambia's Export Tracking Framework 9 Mining in Zambia Copper Economy Mining tax Press Release 

FQM Supports Zambia’s Export Tracking Framework

Constance
 Zambia’s largest taxpayer First Quantum Minerals (FQM), has pledged its support for the Bank of Zambia’s Export Proceeds Tracking Framework directives, which aim to ensure revenue from exports of goods and services, and the use of these funds, can be tracked through local Zambian bank accounts.  The directives, which came into effect on January 1 this year, require exporters to match export records to funds flowing through Zambian bank accounts in order to give the Bank of Zambia greater visibility of both the source of the funds received and the… Read More Here
FQM Seeks Minority Stake Sale in Zambian Copper Operations 10 Mining in Zambia Copper 

FQM Seeks Minority Stake Sale in Zambian Copper Operations

Constance
First Quantum Minerals Limited is currently attracting interest from various parties interested in acquiring a minority stake in its Zambian copper operations, as the Canadian mining company endeavors to strengthen its balance sheet. Discussions regarding the sale of a minority stake in the Zambian business are underway, as the company faces pressure to bolster its financial position and generate cash following the closure of its flagship copper mine in Panama. This information was reported by Bloomberg News. Robert Harding, Chairman of First Quantum, indicated that the company is specifically seeking… Read More Here

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