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Sibanye-Stillwater Secures $500 Million Streaming Deal with Franco-Nevada 17 International Corporate News 

Sibanye-Stillwater Secures $500 Million Streaming Deal with Franco-Nevada

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Multinational metals and mining group Sibanye-Stillwater has finalized a $500-million streaming agreement with Franco-Nevada (Barbados) Corporation, a subsidiary of Franco-Nevada Corporation. The deal grants Franco-Nevada access to gold and platinum streams from Sibanye-Stillwater’s Marikana, Kroondal, and Rustenburg operations in South Africa, in exchange for an upfront payment of $500 million. Under the terms of the agreement, Sibanye-Stillwater will deliver: Sibanye-Stillwater will also receive a production payment equal to 5% of the spot price of the respective metals during the initial delivery periods, increasing to 10% for gold once 237,000 ounces… Read More Here
Midnight Sun Secures License Renewal for Solwezi Copper Project in Zambia 18 Mining in Zambia Copper New Mining Projects 

Midnight Sun Secures License Renewal for Solwezi Copper Project in Zambia

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Midnight Sun Mining Corp. (TSXV: MMA) announced Monday the renewal of the exploration license for Kazhiba, a key target area within its flagship 506-sq.-km Solwezi copper project in Zambia. The project is located just 10 km from the Kansanshi mine, Africa’s largest copper mining complex, operated by First Quantum Minerals (TSX: FM). Midnight Sun has an exploration agreement with First Quantum to develop the area. The Zambian government recently rectified an earlier error in rejecting the license renewal for Kazhiba. This resolution removes any doubts about the project’s future. “The… Read More Here
Gemfields Warns of Potential Disruptions at Mozambique Ruby Mine Amid Rising Unrest 19 International Gemstones 

Gemfields Warns of Potential Disruptions at Mozambique Ruby Mine Amid Rising Unrest

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Gemfields Group announced on Tuesday that disruptions could affect operations at its largest ruby mine in Mozambique, following escalating unrest tied to October’s disputed election. The violence, which includes protests from opposition groups claiming election fraud, has resulted in significant unrest, particularly after Mozambique’s top court confirmed the victory of the ruling Frelimo party on Monday. According to civil society group Plataforma Decide, at least 130 people have been killed in clashes with police. Foreign mining operations in Mozambique, including those of South32, have also been impacted by the unrest.… Read More Here
Chile Files Four Environmental Charges Against Anglo American’s Los Bronces Mine 20 International 

Chile Files Four Environmental Charges Against Anglo American’s Los Bronces Mine

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Chile’s environmental regulator has filed four charges against Anglo American’s Los Bronces copper mine for failing to comply with environmental permits, the agency announced on Monday. The charges, which could result in a fine of nearly 17 billion pesos (approximately $17.17 million), were brought by the Superintendency of the Environment (SMA). Los Bronces, one of Chile’s largest copper mines with an output of 255,000 metric tons in the previous year, is a key asset for Anglo American, which has been the target of a potential takeover by larger rival BHP.… Read More Here
DRC and Burundi Strengthen Bilateral Cooperation for Economic Growth 21 Mining in DRC Economy Governance 

DRC and Burundi Strengthen Bilateral Cooperation for Economic Growth

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President Félix-Antoine Tshisekedi of the Democratic Republic of Congo (DRC) met with his Burundian counterpart, Évariste Ndayishimiye, on Sunday, December 22, 2024, in Bujumbura for a friendship visit aimed at enhancing bilateral relations and regional stability, key to the economic development of both nations. This two-hour meeting marks a significant step in revitalizing the economic ties between the DRC and Burundi. The two leaders emphasized the importance of deepening trade and cross-border collaborations, particularly in infrastructure, energy, and natural resources. According to a source close to the Congolese presidency, “The… Read More Here
DRC Energy Consultations Set Goal to Achieve 62% Electricity Access by 2030 22 Mining in DRC Electricity Energy Events & Expos 

DRC Energy Consultations Set Goal to Achieve 62% Electricity Access by 2030

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The “DRC Energy Compact” program, centered on the Democratic Republic of Congo’s (DRC) energy transition, concluded on Thursday, December 19, 2024, after two days of impactful discussions, innovative ideas, and strategic exchanges. Held under the patronage of President Félix-Antoine Tshisekedi, the event brought together experts, government officials, and institutional actors to address the challenges and opportunities in modernizing the DRC’s energy sector. Discussions focused on financing, international partnerships, and infrastructure development to expand access to sustainable energy across the nation. Supported by the World Bank and the African Development Bank… Read More Here
DRC President Promulgates $18 Billion Finance Law for 2025 23 Mining in DRC Economy Governance 

DRC President Promulgates $18 Billion Finance Law for 2025

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On December 22, 2024, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) officially promulgated the Finance Law for the 2025 fiscal year. The budget, unanimously adopted by both chambers of the Congolese Parliament, totals 51,553.54 billion Congolese francs (CDF), equivalent to approximately $18 billion at the budgetary exchange rate. The 2025 budget marks a 25.8% increase from the previous year, underscoring the government’s commitment to enhancing internal resource mobilization and optimizing financial authority performance. This significant growth reflects confidence in the national economy and bolsters the government’s credibility… Read More Here
Japan Commits $15 Million to Rehabilitate Maréchal Bridge in the DRC 24 Mining in DRC Infrastructural Development 

Japan Commits $15 Million to Rehabilitate Maréchal Bridge in the DRC

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On December 23, 2024, the Japanese government announced a $15 million investment to rehabilitate the Maréchal Bridge in Matadi, located in Kongo Central province. The commitment was formalized by Japan’s Ambassador Extraordinary and Plenipotentiary to the Democratic Republic of Congo (DRC), Ogawa Hidetoshi, during a cooperation agreement signing ceremony in Kinshasa. Ambassador Ogawa emphasized that the rehabilitation of the bridge and its access roads will significantly enhance the living conditions of Kongo Central residents. The project will also improve the flow of transport on this strategic route, which is critical… Read More Here
Temporary Suspension of Mining Operations at Kagem Due to Damaged Emerald Market 25 Mining in Zambia Emeralds 

Temporary Suspension of Mining Operations at Kagem Due to Damaged Emerald Market

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Kagem Mining Limited (“Kagem”) announces the temporary suspension of mining operations at Kagem. This decision is a direct consequence of disturbed emerald market dynamics arising from an oversupply of Zambian emeralds at discounted prices during the second half of 2024, compounded by conflicting emerald auction dates between the key Zambian emerald producers and giving rise to a destabilised Zambian emerald market outlook for at least the first half of 2025. These market dynamics are evidenced by the disappointing auction results from Kagem’s last commercial and higher-quality auctions held in September… Read More Here

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