CKM Newsletter 16-09-2024 | Five Companies Secure $73 Million in Contracts With Sicomines...

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Five subcontracting companies have secured contracts totaling USD 73 million with SICOMINES Mining Company, following a competitive selection process…

Five subcontracting companies have secured contracts totaling USD 73 million with SICOMINES Mining Company, following a competitive selection process. This achievement was made possible through the support of the Private Sector Subcontracting Regulatory Authority (ARSP). The contract signing ceremony, held in Lualaba, was attended by ARSP Director General Miguel Kashal, who traveled from Kolwezi…  Read full details

• FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila
• EU Pledges $35 Million in Grants to Boost South Africa ’s Green Hydrogen Sector
• Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle

• Gemfields Earns $2.3 Million from Auction of Sapphires, Corundum, and Rubies
• KCM ’s Nampundwe Mine Relaunch Key to Sustaining Zambia’s Copper Operations
• DRC Strengthens Sino-African Cooperation to Boost Economic Diversification and Growth
• Ivanhoe Mines Announces Mou with Govt of Zambia to Facilitate Exploration & Development Activities
• Goviex to Acquire 51% Interest in Zambia ’s Lundazi Exploration License

• Sibanye-Stillwater Reduces Production at US Mine , Secures New Metal Sales Deals
• Anglogold Ashanti Launches $2.5 Billion Takeover of Centamin
• Lobito Corridor to Reduce Oil Costs for Zimbabwe
• FQM Expects Feasibility Studies for Peru Mine By 2028
• Ghana’s Lithium Project Faces Delays Amid Falling Global Prices
• WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value
• President Tshisekedi Launches Mineral Certification System for Better Resource Management

South Africa’s Eskom Holdings SOC Ltd. Eskom, which faced its own severe electricity deficit until March, is now providing crucial support.…

Zambia’s largest mines are turning to an unexpected source of power as the country grapples with an unprecedented energy crisis: South Africa’s Eskom Holdings SOC Ltd. Eskom, which faced its own severe electricity deficit until March, is now providing crucial support. The crisis in Zambia has been exacerbated by an historic drought that has crippled hydropower generation, which supplies about 85% …  Read full details

CMOC (owners of Tenke Fungurume Mine) has partnered with Lualaba Power to boost clean energy supply for its copper mining operations in the Democratic Republic of Congo (DRC)… 

China-founded CMOC (formerly China Molybdenum) has partnered with Lualaba Power to boost clean energy supply for its copper mining operations in the Democratic Republic of Congo (DRC). This renewable energy initiative aims to support the company’s energy-intensive mining and smelting activities while improving regional power stability. The agreement, signed on May 25, involves the construction of… Read full details

The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025...

The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the potential to transform… Read full details

• Lobito Corridor to Reduce Oil Costs for Zimbabwe
• FQM Expects Feasibility Studies for Peru Mine By 2028
• Ghana’s Lithium Project Faces Delays Amid Falling Global Prices
• WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value
• President Tshisekedi Launches Mineral Certification System for Better Resource Management
• Seven Miners Die in Mungwalu Gold Mine Tragedy Amid Heavy Rain
• FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila
• EU Pledges $35 Million in Grants to Boost South Africa ’s Green Hydrogen Sector
• Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle

• Gemfields Earns $2.3 Million from Auction of Sapphires, Corundum, and Rubies
• KCM ’s Nampundwe Mine Relaunch Key to Sustaining Zambia’s Copper Operations
• DRC Strengthens Sino-African Cooperation to Boost Economic Diversification and Growth
• Ivanhoe Mines Announces Mou with Govt of Zambia to Facilitate Exploration & Development Activities
• Goviex to Acquire 51% Interest in Zambia ’s Lundazi Exploration License
• Sibanye-Stillwater Reduces Production at US Mine , Secures New Metal Sales Deals
• Anglogold Ashanti Launches $2.5 Billion Takeover of Centamin

Three major commodity trading firms won bids to purchase copper from the Tenke Fungurume mine, a vast operation owned by China’s CMOC and Gecamines…

Glencore Plc, Mercuria Energy Group, and Trafigura Group have successfully secured copper purchases from the Democratic Republic of Congo’s (DRC) state-owned mining company, Gecamines. This marks the first time Gecamines has marketed copper from its joint-venture projects. The three major commodity trading firms won bids to purchase copper from the Tenke Fungurume mine, a vast operation owned by... Read full details

MORE MINING STORIES YOU MIGHT HAVE MISSED

• Gemfields Earns $2.3 Million from Auction of Sapphires, Corundum, and Rubies
• KCM ’s Nampundwe Mine Relaunch Key to Sustaining Zambia’s Copper Operations
• DRC Strengthens Sino-African Cooperation to Boost Economic Diversification and Growth
• Ivanhoe Mines Announces Mou with Govt of Zambia to Facilitate Exploration & Development Activities
• Goviex to Acquire 51% Interest in Zambia ’s Lundazi Exploration License
• Sibanye-Stillwater Reduces Production at US Mine , Secures New Metal Sales Deals
• Anglogold Ashanti Launches $2.5 Billion Takeover of Centamin
• Lobito Corridor to Reduce Oil Costs for Zimbabwe
• FQM Expects Feasibility Studies for Peru Mine By 2028
• Ghana’s Lithium Project Faces Delays Amid Falling Global Prices
• WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value
• President Tshisekedi Launches Mineral Certification System for Better Resource Management
• Seven Miners Die in Mungwalu Gold Mine Tragedy Amid Heavy Rain
• FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila
• EU Pledges $35 Million in Grants to Boost South Africa ’s Green Hydrogen Sector
• Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle

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