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Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio 1 Mining in Zambia Energy Exploration 

Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio

Constance
Anglo American, a leading mining company, is making significant strides in early-stage exploration in Zambia’s Northwestern Province to uncover potential copper and cobalt reserves. This move, announced by Anglo American CEO Duncan Wanblad in Cape Town, signifies the company’s commitment to fostering a more resilient mining industry in southern Africa. “Wanblad expressed optimism about Zambia’s mining sector, highlighting its potential for renewed activity, which bodes well for both Zambia and African mining as a whole,” stated the CEO. “Despite being in the early stages, we are determined to make a… Read More Here
DRC's Prime Minister Urges Responsible Mining Investment at Mining Indaba 2024 2 Mining in DRC Events & Expos 

DRC’s Prime Minister Urges Responsible Mining Investment at Mining Indaba 2024

Constance
During the DRC Breakfast held alongside the 30th edition of the Investing in African Mining Indaba 2024, Prime Minister Jean Michel Sama Lukonde urged mining operators to prioritize responsible and sustainable investment for local development in the Democratic Republic of Congo (DRC). Addressing over 300 attendees, including mining companies, service providers, and banks, Prime Minister Sama Lukonde emphasized the importance of benefiting local communities and improving investment conditions. “In the name of His Excellency Mr. President of the Republic, I clearly indicated the vision of what is expected, first of… Read More Here
CMOC Group Eyes Copper and Cobalt Market Expansion in DRC and Beyond 3 Mining in DRC Cobalt Copper 

CMOC Group Eyes Copper and Cobalt Market Expansion in DRC and Beyond

Constance
Chinese mining firm CMOC Group is considering acquiring additional assets in the Democratic Republic of Congo (DRC) and sees growth opportunities in South America and Indonesia, according to Julie Liang, CMOC’s vice president for ESG. Speaking at the Africa Mining Indaba, Liang emphasized the company’s interest in expanding its presence in the DRC, particularly in copper and cobalt-rich regions, to capitalize on the growing demand for these metals driven by green technologies such as electric vehicles. CMOC has become the world’s leading cobalt mining company, with last year’s production reaching… Read More Here
Vedanta weighs sale of minority stake in Zambian copper assets 4 Mining in Zambia Copper 

Vedanta weighs sale of minority stake in Zambian copper assets

Constance
Vedanta Base Metals CEO Chris Griffith said last week that the company is talking to a range of financing partners to raise money for a restart of its Konkola Copper Mines unit in Zambia, including the sale of a minority stake in KCM. Vedanta will remain the majority shareholder in the unit if a minority stake is sold, Griffith said in an interview on the sidelines of an African mining conference in Cape Town. “We are in the fundraising process at the moment to raise $1.3 billion,” he said. That… Read More Here
Zambia to Pursue Larger Holdings in New Mining Projects 5 Mining in Zambia 

Zambia to Pursue Larger Holdings in New Mining Projects

Constance
Zambia aims to negotiate larger stakes in new mining projects to enhance revenue and promote social initiatives, according to Mines Minister Paul Kabuswe. The initiative, spearheaded by Lusaka through state-owned ZCCM-IH, will focus on future agreements and excludes existing mines to ensure investor confidence, Kabuswe informed Reuters. As Africa’s second-largest copper producer, Zambia holds interests ranging from 10% to 20% in various mines, including those owned by Barrick Gold, Vedanta Resources, and First Quantum Minerals. Recently, ZCCM sold a 51% stake in Mopani Copper Mines, retaining the remainder previously owned… Read More Here
President Tshisekedi Urges Regulation to Stabilize DRC's Cobalt Market 6 Mining in DRC Battery Metals Cobalt 

President Tshisekedi Urges Regulation to Stabilize DRC’s Cobalt Market

Constance
The unchecked artisanal exploitation of cobalt ore in the Democratic Republic of Congo (DRC) is contributing to its declining prices in international markets, according to President Félix Tshisekedi. During a recent Council of Ministers meeting on February 9, 2024, President Tshisekedi highlighted the decrease in cobalt prices, which have dropped from $31,000 to $28,727 per ton since the beginning of the fourth quarter of the previous year. In response to this trend, President Tshisekedi urged the Congolese Government to implement urgent measures to regulate the cobalt market effectively and increase… Read More Here
Zambia's Direct Copper Trading Strategy to Reshape Economy 7 Mining in Zambia Copper Economy 

Zambia’s Direct Copper Trading Strategy to Reshape Economy

Constance
In a strategic move set to transform Zambia’s copper industry, the nation plans to directly purchase and sell a portion of its copper production, challenging industry giants like Mercuria Energy and Glencore. Jito Kayumba, senior economic adviser to President Hakainde Hichilema, emphasized the aim of ensuring fairness and commercial viability for mining companies in this new approach. Zambia aligns itself with neighboring countries such as Botswana and the Democratic Republic of Congo, seeking to maximize economic benefits from mineral resources by gaining direct access to commodities for sale. Despite holding… Read More Here
Ivanhoe Mines' Kamoa-Kakula to Export Copper via Lobito Railway 8 Copper Mining in DRC Press Release Transport and Logistics 

Ivanhoe Mines’ Kamoa-Kakula to Export Copper via Lobito Railway

Constance
Term sheet allocates Kamoa-Kakula up to 240,000 tonnes of annual capacity for export of copper products along the Lobito Corridor from 2025 ■ Lobito Corridor passes through Ivanhoe’s Western Foreland licences and within five kilometres ofKamoa-Kakula ■ Lobito Corridor will transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional economic development ■ Lobito Corridor is supported by the United States and G7 nations through the Partnership for Global Infrastructure and Investment  Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna… Read More Here
Uganda Strengthens Border Control Measures for Gold Shipments 9 International Gold Mining in Uganda 

Uganda Strengthens Border Control Measures for Gold Shipments

Constance
Uganda has recently implemented stringent measures to enhance the verification of products entering its borders, particularly focusing on gold shipments. The Uganda Revenue Authority (URA) issued a notice informing clearing officers of a new rule aimed at ensuring the legitimacy of such imports. According to a report by the East African, the URA has written to Ugandan airlines, warning that gold shipments will be denied unless exporters provide proof of payment clearance. This move comes as a response to concerns about the violation of East African Community Customs Management due… Read More Here
DRC and China Settle 16-Year Mining Dispute with $5.8 Billion Deal 10 Mining in DRC Governance 

DRC and China Settle 16-Year Mining Dispute with $5.8 Billion Deal

Constance
A rift between China and the Democratic Republic of Congo has been averted owing to the intervention of the Congolese government. The Congolese government noted that it recently resolved the controversial mining deal between it and China. The contentious deal had felt like it would sour the relationship between both countries. A report by the East African showed that DRC government officials disclosed recently that open talks with Beijing led to the new agreement. It happened sixteen years after the two parties signed “the contract of the century,” as described… Read More Here

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