Breaking News
Loncor Gold Sells Makapela Property in the DRC 22 Mining in DRC Gold 

Loncor Gold Sells Makapela Property in the DRC

Constance
Loncor Gold, a Canadian gold exploration firm, has finalized a deal to sell its Makapela property in the Democratic Republic of Congo (DRC) for C$13.5 million in cash. The transaction structure involves a series of progressive payments, starting with an initial C$2 million deposit. CEO John Barker highlighted that Loncor had explored various partnerships over the past 18 months, some of which could have led to considerable equity dilution. However, the sale of the non-core Makapela property is viewed as an opportunistic means to secure significant non-dilutive financing. Barker emphasized… Read More Here
Zambia Tops Global Emerald Production but Faces Local Industry Dilemma 23 Mining in Zambia Diamond Emeralds Precious Stones 

Zambia Tops Global Emerald Production but Faces Local Industry Dilemma

Constance
Amidst Cheers and Conundrums in Emeralds Zambia claims the crown in global emerald production, marking a milestone in President Hakainde Hichilema’s tenure. This success, however, is shadowed by a perplexing issue: local companies in Zambia are unable to acquire these precious stones from their homeland. The enigmatic reasons behind this oddity cast uncertainties on the gemstone market and the Zambian economy. While Zambia revels in its emerald prowess, the inability of domestic companies to secure these stones poses a dilemma. This paradox poses a threat to the growth of the… Read More Here
felix tshisekedi Gecamines 111 Mining in DRC 

Félix Tshisekedi promises urgent solutions to Miba and Sacim

Constance
In his speech delivered on Tuesday, December 12, 2023, upon his arrival in Mbuji-Mayi, as part of his electoral campaign, the President of the Republic, Félix Antoine Tshisekedi Tshilombo, expressed his commitment to personally invest in finding urgent solutions concerning the Bakwanga Mining Company (Miba) and the Anhui Congo Mining Investment Company (Sacim Sarl). ” The problem of Sacim and Miba, let me take care of it. I promise you more jobs, food self-sufficiency, more purchasing power and I will put an end to economic instability,” said President Félix Tshisekedi.… Read More Here
SICOMINES undertakes to respect the requirements of the law on subcontracting 24 Mining in DRC Mining Policy 

SICOMINES undertakes to respect the requirements of the law on subcontracting

Constance
After more than 15 years of activity, SICOMINES is finally committed to transferring all its secondary activities to Congolese subcontractors. Hence the satisfaction of the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal. According to the subcontracting policeman, the commitment made by the mining company SICOMINES is the result of the control carried out by the ARSP in execution of the firm instructions of the Head of State, Félix-Antoine Tshisekedi. The latter wants companies with predominantly Congolese capital to be involved in the… Read More Here
Mining Giant Anglo American to Cut Copper and Iron Ore Production 25 International Copper Iron Ore 

Mining Giant Anglo American to Cut Copper and Iron Ore Production

Constance
Anglo American plans to reduce iron ore and copper output in the near term to lower costs, one of the world’s top mining companies said last week as it fights to boost its share price that has slumped by over 30% this year. After the production, capex, and costs guidance on Friday last week, shares of Anglo American – which produces copper, nickel, platinum group metals, and diamonds, among others – slumped by 6.5% on the London Stock Exchange in the early morning.Year to date, Anglo American’s stock has lost… Read More Here
Vedanta Resources Nears $1.25 Billion Fundraising with Standard Chartered Bank 26 International 

Vedanta Resources Nears $1.25 Billion Fundraising with Standard Chartered Bank

Constance
Vedanta Resources, the London-based parent of India’s oil-to-metals conglomerate Vedanta, is close to finalizing a $1.25 billion loan availed jointly from Standard Chartered Bank and Cerberus Capital Management that could help it avert a default on bonds due in January, said people aware of the matter. Standard Chartered Bank will underwrite $950 million of the $1.25 billion financing while New York-based Cerberus Capital will cover the remaining $300 million, the people said. Standard Chartered Bank is in talks with Davidson Kempner, Ares Management and Varde Partners to distribute a portion… Read More Here
Angola, DRC, and Zambia Experts Conclude Lobito Corridor Transport Meeting 27 Transport and Logistics Mining in DRC Mining in Zambia 

Angola, DRC, and Zambia Experts Conclude Lobito Corridor Transport Meeting

Constance
Experts from Angola, the Democratic Republic of Congo (DRC), and Zambia wrapped up a multi-day meeting in Lobito today December 15th, focusing on groundwork for the inaugural session of the Transport Facilitation Agency of Lobito Corridor Transit (AFTTCL) Ministers Committee. The initial discussions centered on the ratification of the Lobito Corridor Tripartite Transit Transport Facilitation Agreement among the three member states. Additionally, key aspects included the establishment of the AFTTCL Provisional Secretariat and deliberations on the master plan for the corridor. Pedro Maza, Director of the Legal and Exchange Office… Read More Here
Glencore to update climate plan in 2024 after investor pressure 28 International Coal 

Glencore to update climate plan in 2024 after investor pressure

Constance
Glencore will publish an updated climate action transition plan in March 2024, it said on Wednesday, after some investors rejected its climate progress report and it agreed to buy Canadian miner Teck Resources’ steelmaking coal business. More than 30% of Glencore’s investors, including major shareholder BlackRock, rejected the company’s climate report at its annual meeting in May, demanding more clarity on how it will meet its commitments to cut emissions. Around 29% of shareholders also backed a resolution seeking more disclosure on progress in scaling back its production of thermal… Read More Here
Billionaires' Backed KoBold Metals on Global Hunt for Lithium 29 Lithium Battery Metals Mining in DRC Mining in Zambia 

Billionaires’ Backed KoBold Metals on Global Hunt for Lithium

Constance
KoBold Metals, with endorsements from figures like Bill Gates and Jeff Bezos, ventures across four continents in pursuit of lithium reserves. The California-based startup, employing AI-driven exploration methods, expands its search for this vital metal—integral to electric vehicles and cutting-edge technology. CEO Kurt House revealed KoBold’s endeavor to uncover lithium in South Korea, Canada (Quebec), the United States, Australia, and Africa. The company, previously focused on nickel and copper, now adds lithium to its mining interests following successful explorations in Canada and Zambia. “By harnessing the insights from our lithium… Read More Here
FQM’S KANSANSHI MINE SETS NEW ENVIRONMENTAL MILESTONES WITH GREEN INITIATIVES  30 Mining in Zambia Copper Environment Social Governance (ESG) Press Release 

FQM’S KANSANSHI MINE SETS NEW ENVIRONMENTAL MILESTONES WITH GREEN INITIATIVES 

Constance
Plastic waste pollution has emerged as a pressing global issue, one that affects our environment, wildlife, and human health. The production and consumption of plastics have skyrocketed over the past few decades. And while plastic has undoubtedly revolutionised industries and made everyday life more convenient, its disposable nature has led to a crisis. However, transitioning to more sustainable practices, such as recycling and adopting alternative materials, can lead to cost savings and new economic opportunities, not just for the country but also for companies that consume plastics on a daily… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.