To increase access to renewable energy and expand power delivered to the grid in Mozambique, IFC and Electricidade de Moçambique, E.P. (EDM) signed today a collaboration agreement to develop small-scale solar Photovoltaic (PV) Plants and battery storage facilities. Under the collaboration agreement, announced on the sidelines of the Africa Energy Forum inContinue Reading
Zambia owes major mining companies US $215m in tax refunds as at June 30, 2019. Zambia’s Finance Minister Bwalya Ng’andu made the announcement last week, following the long-running dispute with the miners. In December 2018, the Zambian government reportedly withheld payment, justifying their actions with lack of what they termedContinue Reading
The US$240m deal for Manono lithium-tin project in Democratic Republic of Congo has been completed. The agreement between ASX-listed AVZ Minerals with Chinese operator Suzhou CATH Energy Technologies, provides certainty of funding to progress the venture, pending the award of a mining licence and collaboration development agreement with the local government. TheContinue Reading
DRC’s mining company Gecamines and Ivanhoe Mines IVN have inked a deal that will see Kipushi zinc mine in the Democratic Republic of Congo back to commercial production. The mine located in the province of Haut-Katanga and southeast of the company’s Kamoa discovery, is adjacent to the town of Kipushi and approximately 30 kilometresContinue Reading
The popular Junior Indaba, held in Johannesburg earlier this month, highlighted once again that South Africa is losing ground on the exploration and junior mining front – with exploration being discouraged by a range of factors. Unlike many other jurisdictions, it appeared that South Africa did not actively promote itsContinue Reading
Glencore, has signed a deal with China’s GEM Co, committing to sell approximately a quarter of its annual cobalt production over the next five years. The leading cobalt producer will sell at least 61,200 tonnes of cobalt hydroxide to GEM between 2020 and 2024. This is as Beijing moves toContinue Reading
AJN Resources Inc. is set to acquire a number of exploration permits in the highly prospective Kilo Moto Gold Belt in North-East DRC, which hosts Barrick’s Kibali Gold Mine. This is after the firm entered into a memorandum of understanding (MoU) with the Democratic Republic of the Congo. The deal followsContinue Reading
The Zambia Chamber of Mines (ZCM) is currently holding out hope that the forthcoming 2020 national budget will help restore the mining sector’s productivity and return Zambia to its previous position as one of the world’s leading copper producers. Furthermore, the Chamber has reiterated that Zambia is set to recordContinue Reading
The assets are from the end-of-mining contract of Majwe Mining Joint Venture and the auction will be conducted on-site in Jwaneng, Botswana on Friday July 8, 2022 from 09h00. Webcast bidding will be available for overseas buyers. On offer include; sought-after Caterpillar 777D 85 000-litre water trucks, Caterpillar 834H andContinue Reading
AVZ Minerals is set to invest $17.9m in early works and exploration drilling at the Manono Project in the Democratic Republic of the Congo (DRC). AVZ managing director, Nigel Ferguson revealed the report and said a portion of a recent A$75m capital raising, the funds are expected to help the firmContinue Reading
