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Illegal Chinese Gold Mining Leaves An Open Wound In Ghana 21 International Gold 

Illegal Chinese Gold Mining Leaves An Open Wound In Ghana

Constance
Chinese national En “Aisha” Huang is well known in Ghana as the “Galamsey Queen,” a nickname bestowed by the local media to describe her status as a kingpin of illegal gold mining operations. Her arrest and recent sentencing are emblematic of Ghana’s serious, ongoing problem with Chinese involvement in illegal artisanal small-scale gold mining (ASM). A Ghanaian court on December 4 sentenced Huang to 4½ years in prison and levied a $4,000 fine for running an illegal mining operation. Authorities told reporters that she will be deported after serving the… Read More Here
First Cargo Train of Copper Ore Arrives at Lobito 22 Copper Mining in DRC Transport and Logistics 

First Cargo Train of Copper Ore Arrives at Lobito

Constance
On Sunday morning, December 31st, Lobito witnessed the arrival of a groundbreaking cargo train carrying 960 tons of unprocessed copper ore from the Democratic Republic of Congo’s Kolwezi region. Departing from the Luau station in Moxico province on a Friday evening at 4:30 PM, the seventeen-vehicle train, including a GE C30ACi locomotive and 16 LC-type wagons, traveled 1,289 kilometers for 38 hours to reach the Lobito Commercial Port. This monumental arrival signaled the first ore shipment post the transfer agreement of railway services and logistics support for the Lobito Corridor… Read More Here
Dundee to acquire Osino’s Twin Hills gold project in Namibia for $214 million 23 International Gold 

Dundee to acquire Osino’s Twin Hills gold project in Namibia for $214 million

Constance
Dundee Precious Metals (TSX: DPM) is buying Osino Resources (TSXV: OSI) for C$287 million ($214m) in cash and shares to acquire its advanced-stage Twin Hills gold project in Namibia. The half-stock, half-money deal gives Dundee all of Osino’s shares for C$0.775 each plus 0.0801 of a Dundee share, representing a premium of 44% on the 30-day, volume-weighted average price of Osino stock as of Dec. 15. Osino shareholders will get 7% of the company in the transaction expected to close by June. Twin Hills is an open-pit project with a… Read More Here
Mopani Copper Mines New Mining Projects Mining in Zambia 

Baker McKenzie worked with ZCCM-IH on Mopani’s US$1.1 billion partnership with IRH

arnbethnic
Baker McKenzie, a prominent global law firm, provided legal counsel to ZCCM Investments Holdings Plc in connection with its execution of an investment agreement with International Resources Holding RSC Limited (IRH), a leading mining entity in Abu Dhabi. The agreement entails IRH’s commitment to invest $1.1 billion in Mopani Copper Mines Plc (Mopani), a key copper mining operation in Zambia. The completion of the transaction is contingent upon the satisfaction of specific conditions precedent, including the restructuring of the longstanding relationship between Glencore International AG and Mopani. Mopani plays a… Read More Here
DRC's Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume 41 Mining in DRC Economy Governance 

DRC’s Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume

arnbethnic
At the end of November 2023, the volume of trade between the DRC and the rest of the world increased by 6.87% compared to the corresponding period of 2022. The trade balance showed a surplus of 3,153.96 million USD compared to that of 3,146.26 million recorded at the end of November 2022. Relative to GDP, this surplus represents 4.60% against 4.78% in 2022. This development is essentially due to the more pronounced increase in imports compared to that of exports, from one year to the next. Indeed, exports increased by… Read More Here
Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC's Presidential Showdown! 42 Mining in DRC Governance 

Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC’s Presidential Showdown!

arnbethnic
Re-elected with 73% of the votes, Félix Tshisekedi has 5 years to consolidate the achievements of the first five-year term. At 4:02 PM (1 hour later in the eastern provinces of the DRC), under the daylight, the president of the CENI, Denis Kadima, began reading decision 130 of the CENI proclaiming the provisional results of the presidential election on December 20, 2023. Surrounded by members of the electoral commission, Denis Kadima indicated that candidate Felix Tshisekedi received a total of 13 million votes out of 18 million voters, representing 73%… Read More Here
According to the DRC elections body, CENI, 64,196 polling stations opened out of the 75,478 planned 43 Mining in DRC Governance Mining Policy 

According to the DRC elections body, CENI, 64,196 polling stations opened out of the 75,478 planned

arnbethnic
The results of the presidential election published Sunday afternoon by the CENI firstly reveal the significant gap between the different candidates. With 73%, Félix Tshisekedi is far ahead of his direct rival Moïse Katumbi, who reaches 18%. These two candidates stand out as the only ones to exceed the one million vote mark.  Félix Tshisekedi is in the lead with more than 13 million 200 thousand votes, followed by the former governor of Katanga with 3 million 200 thousand votes. In third position, Martin Fayulu received just over 960,000 votes, representing 5%. The… Read More Here
Saudi mining company Ma’aden announces 'significant' gold discovery 44 Gold International 

Saudi mining company Ma’aden announces ‘significant’ gold discovery

Constance
Saudi Arabian Mining Company (Ma’aden), the biggest mining company in the Arab world, has announced the discovery of a “significant gold resource potential” in the kingdom. The new discovery extends along a 100km stretch from the existing Mansourah Massarah gold mine, the company said on Thursday. It is the “first find from the company’s extensive exploration programme, launched in 2022, aimed at building Ma’aden’s production pipeline”, it said. “These discoveries are a significant demonstration of the untapped potential of mineral resources in Saudi Arabia, supporting the diversification of the country… Read More Here
Botswana Minister Greenlights MMG's Acquisition of Khoemacau Copper Mine 45 International Copper 

Botswana Minister Greenlights MMG’s Acquisition of Khoemacau Copper Mine

Constance
The Minister of Minerals and Energy in Botswana, Honorable Lefoko Moagi, has granted approval for the acquisition of Khoemacau by the Hong Kong-listed company MMG Limited. In a recent development announced in late November, MMG and Khoemacau confirmed their agreement for MMG to acquire 100% ownership of Cuprous Capital, the holding company of Khoemacau Copper Mine. MMG disclosed that the purchase agreement involves a substantial consideration of $1.89 billion (approximately P25 billion) for this acquisition. However, the acquisition is contingent upon several approvals, including the crucial change in control of… Read More Here

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