Breaking News
DRC and Saudi Arabia Forge Collaborative Mining Ties at FMF24 Forum 21 Mining in DRC Exploration 

DRC and Saudi Arabia Forge Collaborative Mining Ties at FMF24 Forum

Constance
In a significant development, the Democratic Republic of Congo (DRC) and Saudi Arabia ratified a memorandum of understanding (MOU) on January 9, 2024, during the “Future Minerals Forum (FMF24)” in Riyadh, aimed at fostering cooperation in geological exploration, mining, environmental protection, and technology exchange. The agreement, initiated by the Congolese Minister of Mines, Antoinette N’samba Kalambayi, and her Saudi counterpart, seeks to capitalize on the substantial mining potential of the DRC. The FMF24 forum, which concluded on Thursday, January 11, gathered mining industry leaders, investors, policymakers, and experts from Africa,… Read More Here
Kinshasa Authorities Assure No Risk of Fuel Shortage in DRC 22 Mining in DRC Economy Oil & Gas Petroleum 

Kinshasa Authorities Assure No Risk of Fuel Shortage in DRC

Constance
The city of Kinshasa, capital of the Democratic Republic of Congo (DRC), will not experience a stock shortage of petroleum products despite the flooding of the Congo River. These assurances were given by the Ministry of the National Economy in response to rumors circulating on social networks suggesting a possible exhaustion of fuel stocks in Kinshasa. “From information obtained from SEP Congo officials, the rumor about the fuel stock shortage linked to the flooding of the Congo River is completely false. Consumers are advised to ignore this. », writes the… Read More Here
Multinational Rio Tinto to explore base metals in Angola 23 International 

Multinational Rio Tinto to explore base metals in Angola

Constance
The Angolan Government and the Anglo-Australian multinational Rio Tinto Explotation LTD will sign, next Wednesday, January 17th, a mining investment contract, for the prospecting and exploration of base metals. According to a source from the Ministry of Mineral Resources, Oil and Gas, the project called “Moxico Concession” is located in the province of Moxico, and has an extension of 9,959 square kilometers. Operations in Angola Last year, the Australian multinational Rio Tinto, the second largest minerals company in the world, began prospecting operations for   kimberlites and diamonds in the commune of… Read More Here
CEC Green Bond Listing to Boost Zambia's Green Growth and Climate Resilience 24 Mining in Zambia Energy Green Energy 

CEC Green Bond Listing to Boost Zambia’s Green Growth and Climate Resilience

Constance
The recent listing of the Green Bond by the Copperbelt Energy Corporation (CEC) has been hailed as a significant stride towards supporting Zambia’s Green Growth Strategy, according to Hon. Eng. Collins Nzovu, Minister of Green Economy and Environment. Speaking during the CEC Green Bond Listing Ceremony, Hon. Nzovu emphasized the pivotal role of public-private partnerships in advancing the country’s commitment to environmental sustainability. The Green Bond listing not only opens up Zambia’s capital markets but also aligns with the nation’s determined contribution to reducing carbon emissions, as outlined in its… Read More Here
Angola: Port of Lobito Records Improved Ship Movements 25 Transport and Logistics International 

Angola: Port of Lobito Records Improved Ship Movements

Constance
Angola’s second largest port, the Port of Lobito, has recorded an increase of 7.57% in ship movement since 2022, with 351 ships docked at the port handling 1,332,451 tons of cargo in 2023. Announced by Celso Rosas, Chairman of the Board of Directors of the Port of Lobito, it was highlighted that the port collected revenues of more than $16.6 million in 2023. Despite an increase in ship movements, however, the Port of Lobito recorded a reduction of 14.9% in terms of tons of cargo while simultaneously recording a decrease… Read More Here
Rio Tinto to Launch $20B Mine in Guinea-Conakry in 2024 26 International Iron Ore 

Rio Tinto to Launch $20B Mine in Guinea-Conakry in 2024

Constance
Backed by a $20 billion investment, development of the Simandou iron ore mining project will commence this year following anticipated investment approvals from Beijing for the state-owned Chinese partner, Chinalco. Situated in the Simandou mountains in south-eastern Guinea-Conakry, the project represents the largest mining development in the world. The iron ore, rail, and port development project will be developed as a joint venture between global mining group, Rio Tinto, the Guinean government, and multiple Chinese companies. First ore from the project is expected for shipment by 2025, with full production… Read More Here
DRC: CMOC dethrones Glencore as the world’s leading cobalt producer 27 Mining in DRC Battery Metals Cobalt 

DRC: CMOC dethrones Glencore as the world’s leading cobalt producer

Constance
At a time of energy transition, there is a real rush towards the mining sector of the Democratic Republic of Congo, whose contribution to the national economy is no less. However, in this copper-cobalt El Dorado, two giants of the sector, namely the Chinese CMOC and the Swiss Glencore, are waging a merciless battle, centered on competitiveness. Thanks to its Kisanfu copper-cobalt mine based in the Democratic Republic of Congo in the Haut-Katanga province, with a capacity of 30,009 tonnes, inaugurated in 2023, the giantChinese group CMOC thus becomes the… Read More Here
from January 1 to December 11, 2023, Primera Gold exported 4.3 tonnes of artisanal gold 28 Gold Artisanal mining Mining in DRC 

from January 1 to December 11, 2023, Primera Gold exported 4.3 tonnes of artisanal gold

Constance
The Primera Gold company exported, from January 1 to December 11, 2023, 4.3 tonnes of artisanal gold from the Democratic Republic of Congo (DRC) to the Dubai market. This export volume should generate revenues of around 261.5 million US dollars if we stick to the sale price on the Dubai Stock Exchange as of January 9, 2023, i.e. 59,580 dollars for a kilogram of gold. In a press release published on September 30, 2023, the communications department of Primera Gold announced that this company had succeeded in exporting, in nine… Read More Here
Affirma Capital Invests $145 Million to Boost Power Supply for Copper Mines in DRC and Zambia 29 Mining in DRC Copper Electricity Mining in Zambia 

Affirma Capital Invests $145 Million to Boost Power Supply for Copper Mines in DRC and Zambia

Constance
(Agence Ecofin) – The Democratic Republic of Congo (DRC) and Zambia are the two leading copper producers in Africa. While the electricity supply for mines remains a challenge in these two countries, the investment announced by Affirma Capital can contribute to improving the situation. On January 8, Affirma Capital, the former private equity branch of Standard Bank, announced a $145 million investment in the Copperbelt Energy Corporation (CEC). With a $50 million contribution from Standard Bank of South Africa, this investment will be used to enhance access to electricity for… Read More Here
Investing in African Mining Indaba 2024: An exciting lineup of influential speakers who will engage in thought-provoking discussions 30 Events & Expos Sponsored Content 

Investing in African Mining Indaba 2024: An exciting lineup of influential speakers who will engage in thought-provoking discussions

Constance
Mining Indaba is the pinnacle event for promoting long-term investment in African mining. Attracting a broad and prominent speaker lineup, including industry professionals, policymakers, and stakeholders from around the country and beyond in order to promote economic growth and foster positive changes in the mining industry. The 2024 conference aims to celebrate Mining Indaba’s 30th anniversary by taking a new direction and purpose. The theme, “Embracing the power of positive disruption: A bold new future for African mining,” reflects the objective of finding solutions and paths towards positive change in… Read More Here

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