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Jubilee Metals Ventures into High-Yield Copper Recovery in Zambia 21 Copper Mining in Zambia 

Jubilee Metals Ventures into High-Yield Copper Recovery in Zambia

Constance
Jubilee Metals Group PLC has solidified a groundbreaking collaboration to extract copper from a sizable waste rock reserve in Zambia. The venture aims to yield over 20,000 tonnes annually, utilizing innovative modular copper units for extraction. With a commitment to processing copper at less than US$4,000 per tonne, Jubilee targets a substantial source in Zambia, where years of copper mining have amassed substantial waste rock reserves. Scheduled to commence construction in the first quarter of 2024, the eco-friendly processing units are poised to be operational within a swift 12-month period… Read More Here
Anglo American Venture TraxIQ to disrupt haulage approach in mining and quarrying 38 International Equipment & Technology Mining technology Technology & Innovation 

Anglo American Venture TraxIQ to disrupt haulage approach in mining and quarrying

Constance
TraxIQ has been launched, a new Anglo American Venture that has set out with the specific aim of disrupting the status quo in haulage in quarrying and mining. It is being led by Luke Smith, who is Principal, Technology Development at Anglo American, working with other key team members including Anglo American Venture Builder Aljoscha Gleser. Smith says TraxIQ is making bold progress towards a smarter, safer, more sustainable future for mining and quarrying, as when your trucks aren’t operating, you’re losing money. He says its autonomous vehicles will reduce… Read More Here
China increases cobalt production in DRC 39 Mining in DRC Battery Metals Cobalt 

China increases cobalt production in DRC

Constance
Chinese mining firms have significantly boosted cobalt production in the Democratic Republic of the Congo (DRC) in a bid to expand their market share, intensifying the strain on a commodity facing a sharp price decline. Cobalt, a crucial component in electric vehicle (EV) batteries, is often combined with nickel to enhance the energy density of lithium-ion batteries. Yet, to address environmental and geopolitical concerns, some EV manufacturers like Tesla Inc. (NASDAQ:TSLA) have shifted from Nickel Manganese Cobalt (NMC) batteries to Lithium Iron Phosphate (LFP) batteries, minimizing their reliance on cobalt.… Read More Here
DRC: lithium prices fall by almost 90%, what is the future of the Manono lithium project?  40 Lithium Battery Metals Mining in DRC 

DRC: lithium prices fall by almost 90%, what is the future of the Manono lithium project? 

Constance
The drop in lithium carbonate futures below US$10,000 per tonne has raised concerns in the market, particularly after the metal reached an impressive US$70,000 per tonne at a point in 2022. This decrease in value has significantly impacted the once-prominent Manono lithium project, rendering it unviable for further development. The Australian company AVZ, responsible for the project, has faced the fallout, bearing the weight of the irreparable losses incurred by the State of the DRC and the public company Cominière. To illustrate the severity of the situation, a comparison is… Read More Here
CNPAV takes legal action against EGAL, CCC and Gécamines for alleged acts of corruption 41 Mining in DRC Mining Policy 

CNPAV takes legal action against EGAL, CCC and Gécamines for alleged acts of corruption

Constance
The Coalition Congo is not for Sale (CNPAV) lodged three complaints at the Office of the Attorney General at the Court of Cassation of the Democratic Republic of Congo in Kinshasa on Friday, December 8, 2023. These complaints detail allegations of corruption, money laundering, and the misappropriation of public funds. During a press conference held at the Memling hotel in Kinshasa on the same day, CNPAV specified the contents of the files. They cited cases involving political figures from both current and previous regimes, along with their relatives, accusing them… Read More Here
MIBA Retirees Urge Payment of Overdue Salaries and Seek World Bank Support 42 Mining in DRC 

MIBA Retirees Urge Payment of Overdue Salaries and Seek World Bank Support

Constance
Retired agents from the Bakwanga mining company (MIBA) recently made a direct appeal to the Minister of Portfolio, Adèle Kahinda, demanding the immediate settlement of over 10 million US dollars in salary arrears. The Union of Retirees MIBA (Syremi Asbl), in an open letter to the Minister, urged for prompt action. They asked the Minister to correspond with Nicolas Kazadi, the Finance Minister, to secure the disbursement of these funds, intended for the accounts managed by the National Social Security Fund (CNSS) benefiting MIBA retirees. In addition to seeking the… Read More Here
CFM discusses Rail links Between South-Zambia and Namibia 43 Mining in Zambia Angola Transport and Logistics 

CFM discusses Rail links Between South-Zambia and Namibia

Constance
During the conference titled “Revitalization of Transport and Export Processes for Iron Ore and Ornamental Rocks in Southern Angola” on December 7th in Menongue, 84 attendees stressed the critical necessity of establishing railway connections in the region. Their focus was on expanding the Moçâmedes Railway (CFM) to create links between Menongue-Malanje (extending further to Zambia) and connecting Namibe to a terminal in Namibia. They urged for a link between Menongue-Malanje (leading to Zambia) via the Moçâmedes Railway (CFM) and another connection from Namibe to Namibia’s terminal. The initiative not only… Read More Here
Ivanhoe Mines to Quadruple 2024 Exploration Budget 44 Mining in DRC New Mining Projects 

Ivanhoe Mines to Quadruple 2024 Exploration Budget

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Ivanhoe Mines Founder and Executive Co-Chair Robert Friedland and President Marna Cloete announced that the company is substantially increasing its group exploration activities and budget for 2024. The group budget for 2024 will quadruple to approximately $90 million, with exploration activities primarily focused on the 2,654-square-kilometre Western Foreland Exploration Project. The budget increase follows the November 28, 2023 announcement of the geologically significant, high-grade Kitoko copper discovery, as well as the maiden Mineral Resource estimates for the Makoko and Kiala high-grade copper discoveries, as announced on November 13, 2023, in the Western Forelands. The… Read More Here
Global Gold Prices Rise 0.93% to Reach $64.97 USD/kg in DRC This Week 45 Mining in DRC Gold 

Global Gold Prices Rise 0.93% to Reach $64.97 USD/kg in DRC This Week

Constance
The general price trend of mining products exported from the Democratic Republic of Congo (DRC) should be stable on the different markets during the period from December 4 to 9, 2023.Only three products including gold, copper and silver are expected to record a slight price increase at the start of December 2023. According to the projections of the National Mercurial Commission of the Ministry of Foreign Trade, gold should trade this week at 64.97 USD per kg against 64.37 USD per kg a week previously, an increase of 0.93 %.… Read More Here

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