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Jubilee Metals production performance ‘strong’ in second quarter 21 Copper Mining in Zambia 

Jubilee Metals production performance ‘strong’ in second quarter

Constance
Jubilee Metals Group PLC highlighted a robust production performance in the second quarter, with a significant surge in chrome concentrate output while copper production faced a decline. The London-based metal processing company disclosed that Inyoni platinum group metal production remained steady at 10,131 ounces in the three months ending December 31. However, copper output witnessed a 20% decline to 749 tonnes. Chrome concentrate production exhibited substantial growth, rising by 13% to 381,114 tonnes in Q2, attributed to the successful achievement of full production targets at the Thutse project. Despite operational… Read More Here
ZAMBIAN MINERS still TRAPPED IN FLOODED SHAFT 22 Mining in Zambia Copper Mine Safety Safety & Health 

ZAMBIAN MINERS still TRAPPED IN FLOODED SHAFT

Constance
In a bid to accelerate the dewatering process of shaft number THREE at Macro Link mine on the Ndola-Mufulira road, management has secured and implemented a larger pump from Mopani Copper Mines. The mine manager, Joseph Manyepa, conveyed ongoing efforts to rescue the seven trapped miners in the flooded underground mine. As of the latest update, water is continuously being pumped out of the shaft where the miners are stranded. The mine manager highlighted the installation of the more powerful pump to expedite the rescue operation. Copperbelt Province Police Commissioner… Read More Here
Ivanhoe Mines Extends Congratulations to DRC President Félix Tshisekedi on Re-Election and Inauguration 23 Mining in DRC Governance 

Ivanhoe Mines Extends Congratulations to DRC President Félix Tshisekedi on Re-Election and Inauguration

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete, have extended their congratulations to His Excellency Félix Tshisekedi on his re-election and inauguration as the President of the Democratic Republic of the Congo. Ivanhoe Founder and Executive Co-Chairman Robert Friedland commented: “On behalf of Ivanhoe Mines, we extend our congratulations to His Excellency Mr. Tshisekedi on winning a second term. This is the nation’s fourth successful election since the turn of the century, which is a positive sign of the ongoing development of… Read More Here
Lumwana Super Pit Project On Track for First Production in 2028 24 Mining in Zambia Copper 

Lumwana Super Pit Project On Track for First Production in 2028

Constance
The Lumwana copper mine’s Super Pit expansion project has been accelerated with first production now scheduled for 2028, Barrick president and chief executive Mark Bristow advised Zambian president Hakainde Hichilema at their meeting yesterday. The project will transform Lumwana into one of the world’s major copper mines, with projected annual production of around 240,000 tonnes per year over a +30-year life1. It is a key component of the Zambian government’s drive to revive the country’s copper industry over the next 10 years. The estimated cost of the project is almost… Read More Here
Japan Pledges Support for Energy and Mining in the DRC 25 Mining in DRC Energy 

Japan Pledges Support for Energy and Mining in the DRC

Constance
In a press release issued by the Deputy Prime Minister of the Economy on Saturday, January 20, 2024, DESKECO.COM reported the Japanese government’s commitment to assist the Congolese government in energy projects. The delegation, led by Deputy Parliamentary Minister of Foreign Affairs Fukazawa Yolchi, expressed Japan’s interest in supporting the Inga project, renewable energy development, and local ore exploitation. Japan, congratulating President Félix Antoine Tshisekedi on his re-election, presented two key energy projects. The first involves non-repayable financing for energy substations in Kinshasa, and the second offers a repayable loan… Read More Here
Uganda Grants License for Mukuutu Heavy Rare Earths Project 26 International Rare Earth Metals 

Uganda Grants License for Mukuutu Heavy Rare Earths Project

Constance
Ugandan rare earth mining company Rwenzori Rare Metals has received approval from the Ministry of Energy & Mineral Development to proceed with the development of the Makuutu Heavy Rare Earths Project in eastern Uganda. A mining license has been issued – the first under the 2022 Mining Act. The milestone brings the Makuutu project closer to a final investment decision, which is expected this year. Rwenzori Rare Metals plans to start production in 2026, with the company also securing a renewal of its exploration license for the area from the… Read More Here
Mineral Exports Trigger Record Volumes at Mozambique Port in 2023 27 International Coal 

Mineral Exports Trigger Record Volumes at Mozambique Port in 2023

Constance
The Port of Maputo in Mozambique achieved a record volume of 31.2-million tons of cargo in 2023. Of the total cargo recorded, approximately 25-million tons comprised various ores, including chromium, ferrochrome, magnetite, coal, phosphate ore, vanadium, titanium, copper, and vermiculite. Announced by privately held Mozambican company, the Maputo Port Development Company (MPDC), the uptick represents a 16% year-on-year growth compared to 2022, while contributing over $41 million in fixed and variable fees to the country’s government. “The handling of these cargoes reflects the diversification strategy on which the Port of… Read More Here
PRESIDENT FÉLIX TSHISEKEDI OFFICIALLY SWORN IN 28 Mining in DRC Governance 

PRESIDENT FÉLIX TSHISEKEDI OFFICIALLY SWORN IN

Constance
On Saturday January 20th 2024, President Félix Tshisekedi officially took office for a second five-year term at the head of the Democratic Republic of Congo (DRC). He was sworn in before the Constitutional Court during a solemn public and mobile session held at the Stadium of the Martyrs of Pentecost. After the ecumenical prayer, the Head of State swore before God and the nation, among other things, “to observe and defend the Constitution and the laws of the Republic, to maintain its independence and the integrity of its territory, to… Read More Here
U.S. Secretary of State Travels to Africa on Four-Nation Tour 29 International Economy Transport and Logistics 

U.S. Secretary of State Travels to Africa on Four-Nation Tour

Constance
U.S. Secretary of State Antony Blinken has undertaken a four-nation tour of Africa to boost infrastructure investment and trade with the continent.During the tour, Blinken will visit Cape Verde, Côte d’Ivoire, Nigeria, and Angola. The six-day tour, which began on 21 January in Cape Verde, will focus on regional security, conflict prevention, democracy promotion, and trade, with particular emphasis being placed on the U.S.’s strategic partnership with Angola. Blinken is expected to expand on the Biden Administration’s partnership with Angola in the areas of economic investment, food security, health and… Read More Here
Zambian Miners Trapped in Flooded Shaft 30 Mining in Zambia Mine Safety Mining safety News in Brief Safety & Health 

Zambian Miners Trapped in Flooded Shaft

Constance
In a morning incident at Macro Link Mine on the Ndola-Mufulira road, seven miners find themselves trapped in a flooded underground shaft. Augustine Kasongo, Copperbelt Permanent Secretary, confirmed the occurrence, which took place around 07:00 hours, today January 22nd. Among the trapped miners, five are Zambians, and two are Chinese nationals. The mine, currently in its development stage, has suspended operations in response to the emergency. Kasongo revealed that the mine’s safety department is actively engaged in pumping out water as part of ongoing efforts to rescue the stranded miners.… Read More Here

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