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Zambia Revenue Authority Detects Discrepancies in Mining Audits 1 Mining in Zambia Environment Social Governance (ESG) Mining tax 

Zambia Revenue Authority Detects Discrepancies in Mining Audits

arnbethnic
ZAMBIA Revenue Authority (#ZRA) says mining entities are audited on a regular basis and discrepancies have been detected in some of the financial records that have been assessed. ZRA commissioner for domestic tax division Joseph Nonde said the audits in the mines are conducted on a risk profile basis, checking for specific queries that need to be addressed. Mr Nonde said currently there are audits taking place in some of the large-scale mines and some discrepancies have been found. “Audits are done on a regular basis in mining entities here… Read More Here
FQM touts interest in its Zambia copper operations 2 Mining in Zambia Copper 

FQM touts interest in its Zambia copper operations

Constance
First Quantum Minerals Ltd. has attracted interest from multiple parties wanting to buy a minority stake in its Zambian copper operations, as the Canadian miner continues efforts to shore up its balance sheet. First Quantum has signed non-disclosure agreements with several groups interested in the African mines, and expects to soon provide access to a data room for due diligence, said First Quantum Chairman Robert Harding. He didn’t specify details about the parties or a timeline for signing a potential deal. Talks to sell a minority stake in the Zambian… Read More Here
Zambia Develops Plans to Address Electricity Needs Amid Drought Threat to Hydropower 19 Mining in Zambia Electricity Energy 

Zambia Develops Plans to Address Electricity Needs Amid Drought Threat to Hydropower

Constance
Zambia has developed strategies to import and manage electricity as a severe drought threatens to impact hydropower generation, the nation’s primary power source, as reported by Reuters. The ongoing dry spell, declared a national disaster, is anticipated to negatively affect food production and could have repercussions on the mining sector, a vital component of Zambia’s economy as the second-largest copper producer in Africa. President Hichilema highlighted that the energy sector is projected to face a deficit of nearly 450 to over 500 megawatts this year due to the prolonged dry… Read More Here
Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production 20 Mining in Zambia Battery Metals Nickel 

Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production

Constance
Enterprise Mine, a nickel-producing operation managed by Trident Limited in Kalumbila District, Zambia’s North Western Province, is targeting a production of approximately 20,000 tonnes of nickel this year. According to Junior Keyser, Outgoing General Manager of Trident Limited, the mine is fully operational and currently employs around 750 contractors and 250 direct employees. Keyser notes that the enterprise is currently generating about 1,000 tonnes of final product nickel per month as production continues to increase at its plant. He emphasizes the mine’s intention to capitalize on the high demand for… Read More Here
Zambian Govt to Monitor Contractor Conditions at Mopani Copper Mines 21 Mining in Zambia Copper 

Zambian Govt to Monitor Contractor Conditions at Mopani Copper Mines

Constance
In response to the acquisition of Mopani Copper Mines by Abu Dhabi’s International Resources Holdings, the government has announced plans to closely monitor the working conditions of contractors. Minister of Mines, Paul Kabuswe, asserts that this oversight aims to uphold fair wages and decent standards of work. During an appearance on Radio Mafken’s express chit-chat programme, Minister Kabuswe emphasized the government’s commitment to ensuring that the transition of Mopani to a new investor benefits all workers, including contractors and suppliers. Highlighting the significance of the issue, Minister Kabuswe disclosed plans… Read More Here
DRC's ARSP and South African BEE sign a collaboration memorandum of understanding 22 Mining in DRC 

DRC’s ARSP and South African BEE sign a collaboration memorandum of understanding

arnbethnic
After several months of technical work, ARSP and the South African BEE signed a memorandum of understanding for the sharing of information and experience in the field of subcontracting. This initiative follows diplomatic relations promoted by the Heads of State of two countries, namely Félix Tshisekedi for the DRC and Cyril Ramaphosa for South Africa, which has already experienced the development of its middle class and whose experience will be shared with the DRC. The signing ceremony of the memorandum of understanding took place in Kinshasa in the presence of… Read More Here
Kibali and ARSP team up to promote local content in the DRC 23 Mining in DRC Gold Press Release 

Kibali and ARSP team up to promote local content in the DRC

arnbethnic
Africa’s largest gold mine, Kibali, and the Autorite de Regulation de la Sous-Traitance dans le Secteur Prive (ARSP), the body which oversees the DRC’s sub-contracting sector, have agreed to collaborate on a range of local content initiatives. The partnership has been designed to increase the mine’s already extensive use of Congolese contractors and suppliers in line with parent company Barrick’s global policy of supporting local businesses and employing host country nationals. Since 2009, Kibali has spent more than $2.6 billion with local suppliers. Of its more than 6,500 employees, 95%… Read More Here
EITI Board Meeting in Toronto Sees DRC Push for Sustainable, Inclusive Mineral Supply Chains in Artisanal Mining 24 Artisanal mining Events & Expos Mining in DRC 

EITI Board Meeting in Toronto Sees DRC Push for Sustainable, Inclusive Mineral Supply Chains in Artisanal Mining

arnbethnic
The Democratic Republic of Congo took part, from February 29 to March 1, 2024, in the work of the Board of Directors of the Extractive Industries Transparency Initiative (EITI) held in Toronto, Canada. Placed under the theme “Disclosures on artisanal and small-scale mining in an informal world”, these meetings benefited from the contribution of the EITI-DRC, whose national coordinator, Jean-Jacques Kayembe, spoke , according to the ACP, for “support for sustainable and inclusive mineral supply chains”.  The national coordinator of the EITI-DRC was not alone in this work, he was… Read More Here
Angola Mediates Congolese-Rwandan Talks to Address Eastern Congo Crisis 25 Mining in DRC Governance 

Angola Mediates Congolese-Rwandan Talks to Address Eastern Congo Crisis

Constance
Angolan President Joao Lourenço, acting as a mediator appointed by the African Union, welcomed his Congolese counterpart, President Antoine Félix Tshisekedi Tshilombo, in Luanda last week to discuss the prevailing situation in eastern Democratic Republic of Congo (DRC). The key outcome of the meeting was President Tshisekedi’s acceptance of the principle of a meeting with President Paul Kagame of Rwanda, according to Foreign Relations Minister Tete António. “The Republic of Angola, in its role as mediator, bears the responsibility of facilitating the necessary steps to materialize this meeting,” Minister António… Read More Here

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