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FQM inks $500 million copper deal with Jiangxi amid Panama mine struggles 1 Mining in Zambia Copper 

FQM inks $500 million copper deal with Jiangxi amid Panama mine struggles

Constance
First Quantum Minerals (TSX: FM) said on Wednesday it would get a $500-million shot in the arm from Jiangxi Copper, the Canadian miner’s largest shareholder, that will help it to shore up finances. The three-year, prepay arrangement with Jiangxi will see First Quantum deliver 50,000 tonnes of copper anode per year to the Chinese miner. The material will be extracted at the Kansanshi mine in Zambia and is payable at market prices, the company said. “This arrangement is a reminder of the strategic nature of copper as supply challenges abound… Read More Here
Midnight Sun Partners with KoBold Metals to Explore Dumbwa Target in Zambia 2 Mining in Zambia Exploration New Mining Projects 

Midnight Sun Partners with KoBold Metals to Explore Dumbwa Target in Zambia

Constance
Midnight Sun Mining Corp. (TSX-V: MMA / OTCQB: MDNGF) has announced the signing of an earn-in agreement with KoBold Metals Company, marking a significant milestone in the exploration of the Dumbwa Target within the Solwezi Project in Zambia. KoBold Metals Company, renowned for its innovative approach to battery metal exploration, will undertake exploration activities on Dumbwa. Backed by investors such as Breakthrough Energy Ventures and Andreessen Horowitz, KoBold aims to leverage its advanced technology to accelerate the discovery of critical minerals. Under the agreement, KoBold can earn a 75% interest… Read More Here
Solwezi MP Stafford Mulusa Leads Delegation to Review Kansanshi Mine's Expansion 3 Mining in Zambia Copper 

Solwezi MP Stafford Mulusa Leads Delegation to Review Kansanshi Mine’s Expansion

Constance
In a demonstration of commitment to progress and community engagement, Kansanshi Mine in Solwezi welcomed Solwezi Central Member of Parliament, Stafford Mulusa, along with a delegation of civic leaders, including Solwezi Mayor Remmy Kalepa and Town Clerk Stanley Mbewe, as well as all twelve district councillors. The visit aimed to provide insights into the ongoing expansion projects at Kansanshi Mine and their impact on the local community. Kyansenga Chitoshi, Corporate Affairs Manager at Kansanshi Mining, warmly greeted the delegation upon their arrival at the mine site. They were then led… Read More Here
DRC Prime Minister Resigns to Assume Legislative Role 4 Mining in DRC Governance 

DRC Prime Minister Resigns to Assume Legislative Role

Constance
In a surprising turn of events, Prime Minister Jean-Michel Sama Lukonde of the Democratic Republic of Congo (DRC) has tendered his resignation to President Félix Tshisekedi. This decision comes just eight days after the validation of his mandate as a national Deputy, signaling a swift transition from executive to legislative responsibilities. Under the unique electoral provisions of the DRC, government officials who are elected as National Deputies are granted an 8-day window to decide whether to accept their elected posts. As the deadline approached on Tuesday, February 20th at midnight… Read More Here
Gecamines Spearheads Efforts for Equity and Growth in the DRC's Mining Sector 5 Mining in DRC Battery Metals Cobalt Copper 

Gecamines Spearheads Efforts for Equity and Growth in the DRC’s Mining Sector

Constance
he Democratic Republic of Congo’s (DRC’s) state miner, Gecamines, is embarking on a comprehensive strategy to maximize returns from its copper and cobalt joint ventures. With a focus on renegotiating higher stakes and asserting greater influence in management, Gecamines aims to capitalize on the global demand for minerals crucial to the green energy transition. Gecamines, under the leadership of chairperson Guy Robert Lukama, is advocating for increased representation of local executives on joint venture boards to ensure more effective asset management and decision-making. Lukama emphasizes the need to rectify past… Read More Here
ARSP Director Highlights DRC's Value Chain Development at Indaba Mining 22 Mining in DRC Events & Expos 

ARSP Director Highlights DRC’s Value Chain Development at Indaba Mining

Constance
During the dynamic conference on the second day of the 30th edition of the Indaba Mining forum, Miguel Kashal Katemb, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), showcased the investment potential inherent in the development of the value chain in the Democratic Republic of Congo (DRC) to leaders of multinational companies. Kashal emphasized the imperative implementation of the Law on subcontracting and elaborated on President Félix-Antoine Tshisekedi’s vision for promoting local content to foster the emergence of a robust Congolese middle class. “In… Read More Here
DRC's Main Mining Exports Witnessed Price Decline Last Week 23 Mining in DRC Gold Tin 

DRC’s Main Mining Exports Witnessed Price Decline Last Week

Constance
The average prices of the primary mining export products from the Democratic Republic of Congo exhibited a downward trajectory on the international market last week, from February 12 to 17, 2024, as projected by experts from the Commission Nationale des Mercuriales du Ministry of Foreign Trade. Tin witnessed a slight improvement during the week, trading at 25,805 USD per tonne compared to 25,602 USD per tonne the previous week, marking an increase of 202 USD. Gold also experienced an upward trend, reaching 65.72 USD per gram, up from 65.56 USD… Read More Here
USD 956 million needed for the modernization of the Matadi-Kinshasa railway 24 Mining in DRC Transport and Logistics 

USD 956 million needed for the modernization of the Matadi-Kinshasa railway

Constance
The Matadi-Kinshasa railway modernization project necessitates a budget of $956 million, as revealed by Adel Kayinda, Minister of State and Minister of Portfolio, during the recent Council of Ministers meeting held on February 16, 2024. Kayinda outlined the essential steps required for the successful execution of this transformative railway project in the Democratic Republic of Congo (DRC), emphasizing positive assessments from the Analysis Commission regarding technical, financial, and legal aspects. Four critical conditions were highlighted for the project’s success: 1.Establishment of a project company to oversee the CFMK. 2.Formation of… Read More Here
Three dead as bus carrying B2Gold employees attacked in Mali 25 International Mining safety 

Three dead as bus carrying B2Gold employees attacked in Mali

Constance
B2Gold Corp on Thursday last week said that three of its employees died after sustaining injuries in an attack on an employee transport convoy in Mali. A bus transporting B2Gold employees from the Fekola mine to Bamako was attacked approximately 75 kilometres west of Bamako, the Canadian miner said. Mining and processing activities at the Fekola mine have not been impacted by the incident, B2Gold said, adding that it is working with the Malian government to understand further details of the attack. Initial reports indicate several other employees travelling on… Read More Here

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