As advancements in cobalt-free electric vehicle battery technology progress, Congolese officials are conflicted over the idea of implementing export restrictions on cobalt. The Democratic Republic of Congo (DRC), which is responsible for about 70% of the world’s cobalt supply, is considering export quotas to increase cobalt prices. This news wasContinue Reading
This week in Lusaka, Zambia, an international forum focused on enhancing the artisanal and small-scale mining (ASM) of Development Minerals is underway. Development Minerals include construction materials, industrial minerals, and semi-precious stones, which sustain the livelihoods of millions, predominantly in Africa. The Forum on Sustainable and Inclusive Mineral Value ChainsContinue Reading
The World Bank has initiated a $700 million program in March 2024 to bolster Zambia’s electricity sector. This initiative, named the National Energy Advancement and Transformation Program, seeks to enhance energy infrastructure in alignment with the government’s goal of achieving 10% GDP growth by 2030 and expanding job opportunities. ToContinue Reading
Xtract Resources has announced a joint venture (JV) agreement with Oval Mining, which is in collaboration with Cooperlemon Consultancy, to potentially acquire up to a 70% stake in Zambia’s Silverking copper mine and its accompanying exploration licence. The initial option period spans 18 months, during which Xtract must invest $500,000Continue Reading
The Lobito Corridor, spanning from Zambia and the Democratic Republic of the Congo to the Angolese port of Lobito, represents a massive initiative aimed at countering China’s influence in the region. This ambitious project involves constructing approximately 800 kilometers of new railway tracks across Africa. Initial funding of $1.6 billionContinue Reading
Copper surged to a 14-month peak, buoyed by investors gravitating towards this key industrial metal amidst escalating supply concerns and optimism over a worldwide demand resurgence. The metal’s prices soared by as much as 1.5% on Thursday, fueled further by Federal Reserve Chair Jerome Powell’s dovish remarks. This momentum buildsContinue Reading
Xtract Resources PLC announced on Wednesday its partnership with Oval Mining Ltd, in collaboration with mining consultant Cooperlemon Consultancy Ltd, to form a joint venture. The venture is set on the Australian and Zambian-based mining company securing a 70% stake in the Silverking copper mine, along with its license, locatedContinue Reading
Dubai’s International Holding Company (IHC), the emirate’s reigning corporate titan, has set its sights on Zambia’s prized Lubambe Copper Mine, throwing a wrench into a deal already clinched by China’s JCHX Mining. Industry insiders are abuzz with talk of a potential bidding war, with Zambia caught in the middle ofContinue Reading
Ensuring that condition monitoring customers whose maintenance staff undergo ongoing technical skills training earn significant returns from their investment into the training courses, is a priority for condition monitoring specialist company, WearCheck. Maintenance crew members can choose from more than 15 courses that are conducted by WearCheck’s experts in variousContinue Reading
The government has encouraged Zambian citizens to actively participate in the ongoing reforms within the mining sector. Edward Shabani, Senior Planner for Mines and Minerals Development, stated that the government aims to implement several policy reforms in mining to boost copper production and ensure local benefits through increased local content.Continue Reading
