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President Tshisekedi Discusses Eastern DRC Security with Angolan Counterpart 1 Mining in DRC Governance News in Brief 

President Tshisekedi Discusses Eastern DRC Security with Angolan Counterpart

Constance
President Félix Tshisekedi arrived in Luanda, Angola, on Tuesday morning for a one-on-one meeting with his Angolan counterpart to address the security situation in eastern DRC. Upon the Angolan President’s initiative, this closed session in Luanda follows up on the mini-summit on security in eastern DRC held on February 18 in Addis Ababa, Ethiopia, during the 37th Ordinary Session of the African Union Heads of State and Government. During the discussions, the DRC reiterated its stance, emphasizing the immediate withdrawal of Rwandan military troops from Congolese territory, cessation of hostilities… Read More Here
Tertiary Minerals to own 90% of Zambia copper assets in new JV 2 Mining in Zambia Copper 

Tertiary Minerals to own 90% of Zambia copper assets in new JV

Constance
Tertiary Minerals PLC announced on Monday a new joint venture deal with Zambia-based Mwashia Resources Ltd, consolidating ownership of the Jacks, Mukai, and Mushima North exploration licenses into a new Zambian company. Tertiary Minerals, a mineral exploration and development company focusing on energy transition metals, operates projects in the US and Zambia. Under the agreement, the new company will be 90% owned by Tertiary’s Zambian subsidiary, Tertiary Minerals (Zambia) Ltd, with Mwashia holding the remaining 10%. Previously, all licenses were held by Mwashia. Tertiary possesses the right to a 90%… Read More Here
Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference 3 Mining in DRC Copper Gold Nickel Press Release 

Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference

Constance
Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden were pleased to present, ahead of the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, the company’s financial results for the year ended December 31, 2023, and provided an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding operations at the world-class Kamoa-Kakula Copper Complex (Kamoa-Kakula) in the Democratic Republic of Congo… Read More Here
Sibanye-Stillwater Faces $2.58 Billion Impairments Amid Metal Price Decline 4 International 

Sibanye-Stillwater Faces $2.58 Billion Impairments Amid Metal Price Decline

Constance
Multinational mining and metals processing giant Sibanye-Stillwater grapples with impairments totaling $2.58 billion (approximately R47.45 billion) for the 2023 fiscal year due to plummeting metal prices and operational challenges. CEO Neal Froneman highlighted the adverse impact of sharply declining commodity prices on the group’s profitability, particularly affecting platinum group metal (PGM) operations in the United States and South Africa, as well as zinc operations in Australia. The average rand-denominated platinum, palladium, rhodium, and gold (4E) PGMs basket price decreased by 32%, while the average dollar-denominated platinum and palladium (2E) PGMs… Read More Here
European Union Reaffirms Commitment to Lobito Corridor Development in Angola 21 Transport and Logistics Mining in DRC Mining in Zambia 

European Union Reaffirms Commitment to Lobito Corridor Development in Angola

Constance
In a recent meeting held in Luanda, the European Union (EU) reiterated its dedication to financing ongoing feasibility studies and professional training initiatives aimed at enhancing productivity and profitability within the Lobito Corridor. The assurance came during discussions between European Commissioner Jutta Urpilainen and Angolan Minister of Transport, Ricardo Viegas D’Abreu. The primary focus of this meeting was to underscore the EU’s unwavering support for the development of the Lobito Corridor. Through its Global Gateway Strategy initiative, the EU has already allocated three million euros for feasibility studies aimed at… Read More Here
CAMI and DGRAD Launch Surface Rights Collection Campaign for 2024 22 Mining in DRC 

CAMI and DGRAD Launch Surface Rights Collection Campaign for 2024

Constance
The Mining Cadastre (CAMI) and the General Directorate of Administrative, Judicial, State and Participation Revenue (DGRAD) have initiated the annual campaign to collect surface rights for the 2024 financial year. These rights serve as CAMI’s primary source of income, particularly following the implementation of the 2018 code, which granted financial autonomy to the public establishment. A portion of these funds is allocated to the DGRAD, highlighting the significance of surface rights collection in upholding the requirements of the mining code. According to a joint statement from CAMI and DGRAD, failure… Read More Here
Buenassa Secures $3.5M Grant for Sustainable Metal Refinery in DRC 23 Mining in DRC Battery Metals Cobalt Copper 

Buenassa Secures $3.5M Grant for Sustainable Metal Refinery in DRC

Constance
Buenassa, a pioneering company in the metal processing and trading sector, has reached a significant milestone with the award of a $3.5 million grant from the Democratic Republic of the Congo (DRC) Government through the Fonds de Promotion de l’Industrie (FPI). This grant marks the initial tranche of funding for Buenassa’s ambitious Project Preparation Facility, paving the way for an innovative copper and cobalt refinery project in the province of Lualaba. The venture represents not only a leap forward in industrial development but also a commitment to sustainable practices and… Read More Here
Controversy Erupts as European Union Signs MOU with Rwanda 24 Mining in DRC 

Controversy Erupts as European Union Signs MOU with Rwanda

Constance
The European Union’s “Global Gateway” strategy took a controversial turn on Monday, February 19, 2024, as it signed a memorandum of understanding with Rwanda, eliciting a strong reaction from the NGO JUSTICIA Asbl. This organization, operating out of the Democratic Republic of Congo and dedicated to promoting human rights and sustainable development, voiced deep concern over the decision. JUSTICIA Asbl finds it perplexing that the European Union, which prides itself on being the guardian of universal values ​​such as peace, democracy, and human rights, would enter into such an agreement.… Read More Here

APCSC Launches Inspection for SICOMINES SA Post-Renegotiation

Constance
In fulfillment of its mission to steer, coordinate, and monitor collaboration agreements, notably the SINO-CONGOLESE contract, the Director General of the Agency for Steering, Coordination, and Monitoring of Collaboration Agreements with Private Partners (APCSC) announced a series of inspection missions within the mining company SICOMINES SA, on Friday, February 23, 2024. It is essential to emphasize that within the execution of the Collaboration Agreement between the Congolese Government and the Chinese Enterprise Group (GEC), the APCSC serves as the direct interface responsible for engaging in discussions and ensuring the smooth… Read More Here

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