Copperbelt Katanga Mining - Page 376 of 3427 - African Copperbelt's Top Mining News

PRIME MINISTER OF THE DEMOCRATIC REPUBLIC OF CONGO TOATTEND MINING INDABA 2024 1

Investing in African Mining Indaba is honoured to announce that the Prime Minister of the Democratic Republic of Congo (DRC), Jean-Michel Sama Lukonde will be attending Mining Indaba 2024 where he will deliver a keynote address on Monday 5 February at the official opening ceremony. As one of the world’s largest producers of green metals, it is expected that Prime Minister Sama Lukonde will highlight key investment opportunities in the DRC’s mining sector at Mining Indaba. Attendees can also expect to get the latest on the partnership between the DRC… Read More Here

Mining in Zambia Copper Mining tax

FQM Dominates Zambia’s Extractive Sector Contributions

February 4, 2024February 4, 2024 Constance

First Quantum Minerals (FQM) emerged as the primary revenue contributor to the Zambian government from the extractive sector in 2022, according to the latest Zambia Extractive Industry Transparency Initiative (ZEITI) report. The independently audited report unveiled that FQM, a key player in the mining industry, significantly contributed over K25 billion in taxes, royalties, and various payments. The report, presented during the launch in Solwezi, North-Western Province, underscored FQM’s pivotal role in supporting the Zambian economy. The company made a substantial commitment of over a billion dollars for additional capital investment,… Read More Here

Events & Expos International Sponsored Content

PRESIDENT CYRIL RAMAPHOSA TO ATTEND THE 30th ANNIVERSARY CELEBRATION OF THE MINING INDABA

February 4, 2024February 4, 2024 Constance

President Cyril Ramaphosa will on Monday, 5 February 2024 deliver a keynote address during the 30th anniversary celebration of the Mining Indaba in Cape Town. This year’s theme “Embracing the power of positive disruption: A bold new future for African Mining,” marks three decades as Africa’s premier platform for deal-making and discussions on critical mining issues. The President’s participation underscores the significance of collaboration and sustainable development in the mining sector. His insights will contribute to disruptive discussions aimed at uncovering opportunities and addressing challenges within the industry. The event… Read More Here

Gemstones Mining in Zambia Precious Stones

Gemfields Achieves Strong Auction Revenues in 2023 Despite High-Quality Emerald Auction Withdrawal

February 1, 2024February 1, 2024 Constance

Gemstone mining company Gemfields reported robust auction revenues and pricing for both emeralds and rubies, reaching $242 million in 2023. This marks the second-highest year in Gemfields’ history, even with the withdrawal of the higher-quality emerald auction in November 2023. Gemfields’ 75%-owned Kagem emerald mine in Zambia witnessed a notable improvement in the quality and quantity of premium emeralds recovered in recent months. Emerald auction revenues for the year amounted to $90.4 million. The company’s 75%-owned Montepuez ruby mine in Mozambique earned $151.4 million for the year. Gemfields’ cumulative emerald… Read More Here

Mining in Zambia Coal Transport and Logistics

Zambia’s Govt Inaugurates Chambeshi Railway Siding Depot to Boost Logistics in the Country

January 31, 2024January 31, 2024 Constance

The Zambian government has officially launched a railway siding depot at Sunline Zambia logistics company in Kalulushi District, Copperbelt. The depot aims to facilitate the transportation of fifteen thousand metric tonnes of coal monthly, contributing to efforts to enhance the railway sector and alleviate road congestion caused by heavy cargo transport. Transport and Logistics Minister Frank Tayali emphasized the project’s significance, praising the government’s economic policies that attracted a three-million-dollar investment from the Chinese company into the Chambeshi railway siding. Johnny Jiang, Chairman of Sunline International Logistics, commended the Zambian… Read More Here

Mining in Zambia Copper Economy

IMF Forecasts 4.7% Economic Growth for Zambia in 2024, Citing Mining Sector Reopenings

January 31, 2024January 31, 2024 Constance

The Country Representative of the International Monetary Fund (IMF), Eric Lautier, has projected a robust economic growth of 4.7% for Zambia in 2024, surpassing last year’s recorded growth of 4.3%. Lautier attributes this positive outlook to the anticipated reopening of production at Konkola Copper and Mopani Copper Mines. The economic trajectory is expected to receive further impetus from increased investments in Kansanshi and Sentinel Mines. Lautier shared these insights in response to inquiries from various stakeholders in Zambia. However, he highlighted that the mining sector’s low production has adversely impacted… Read More Here

Mining in Zambia Transport and Logistics

Zambia and Botswana Establish Kazungula Bridge Authority for Regional Economic Growth

January 31, 2024January 31, 2024 Constance

Zambia and Botswana have successfully concluded discussions to establish the Kazungula Bridge Authority, which will be headquartered in Botswana. During a meeting with Botswana President Mokgweetsi Masisi, Zambian President Hakainde Hichilema announced the outcomes of the discussions. The key agreement is that the Chief Executive Officer of the Kazungula Bridge Authority will be a Zambian. President Masisi shared that, once formalities are completed, the authority will focus on expanding access roads and implementing advanced ICT technology to enhance service delivery. Ministers from both countries have been assigned to address outstanding… Read More Here

International Coal

Disruptions in Rail Transport Cause Historic Drop in Richards Bay Coal Terminal Shipments

January 31, 2024January 31, 2024 Constance

Shipments from South Africa’s primary coal export facility, Richards Bay Coal Terminal (RBCT), reached their lowest point in over three decades in 2023 due to disruptions in rail transportation affecting mines. RBCT, owned by 13 coal mining companies, including Thungela, Exxaro Resources, Seriti Resources, and Glencore’s South African subsidiary, recorded a shipment of 47.2 million tons of coal last year, the lowest figure since at least 1992. Despite RBCT’s annual export capacity of 91 million tonnes, operational challenges, such as a shortage of locomotives, derailments, and crime, have led to… Read More Here

Gold Economy International Mining revenue

Barrick Continues To Be a Major Value Creator for Mali

January 31, 2024January 31, 2024 Constance

Barrick Gold Corporation and its predecessor, Randgold Resources, has been a valuable partner to Mali for 27 years and, in the face of many challenges, continues to work tirelessly with the Transition Government of Mali and local stakeholders to plot a new course for the country’s mining industry and promote it as an investment destination, says president and chief executive Mark Bristow. Speaking to the media, Bristow said during this time its mines had contributed almost $10 billion to the Malian economy in the form of taxes, royalties, salaries and… Read More Here

Oil & Gas Economy Mining in Uganda

Uganda Harnesses Oil and Gas Resources for Economic Transformation

January 31, 2024January 31, 2024 Constance

Uganda is strategically positioning itself for economic growth by tapping into its rich oil and gas resources while simultaneously embracing a sustainable energy transition plan, as revealed by the Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu. The ambitious 25-year plan anticipates a substantial economic boost, with $8.6 billion injected into Uganda’s GDP by 2025, fueled by revenues from oil and gas production. The “last in, last out” approach discussed at the 28th UN Climate Change Conference enables developing nations like Uganda to leverage their resources. This approach aligns… Read More Here

CKM Digital Platforms

With Over 172,000 followers on LinkedIn and over 96,000 CKM Newsletter subscribers