ZCCM-Investment Holding (ZCCM-IH) has acquired an additional 50% shareholding in Kariba Minerals Limited from Gemfields Limited at a cost of US$2.5m. The acquisition means that ZCCM-IH now owns 100% shares in Kariba Minerals Limited. According to the directors’ interim unaudited financial results for ZCCM-IH and its subsidiaries for the sixContinue Reading
Liberum Capital has been appointed as a consultant and joint broker to Pensana Rare Earths, with a particular focus on environment, social and governance (ESG) matters. The Chairman, Paul Atherley, said that the London broker is looking to help establish the world’s first fully sustainable mine to magnet supply chainContinue Reading
MMG Ltd has announced progress with two major expansions at its mining operations. The firm has approved extending the life of its Kinsevere copper operation in the Democratic Republic of Congo (DRC) for at least 13 years; while in Peru, the Ministry of Energy and Mines has released the regulatory approvalContinue Reading
China Molybdenum, one of the largest copper and cobalt miners in the world has been ordered to stop controlling operations at Tenke Fungurume, where the Chinese control an 80% stake, while the DRC owns 20%. Commercial Court of Lubumbashi issued the suspension Lubumbashi in favour of the government and itsContinue Reading
The Democratic Republic of Congo has recovered the mining and oil assets worth about $2 billion that was being controlled by Israeli investor Dan Gertler. The recovery follows a commission that was set up for negotiations. Concluded terms of a memorandum of understanding (MoU) enabled the government to recover aContinue Reading
Zimbabwe has earned close to US$2Bn from mineral exports in the first nine months of the year. The haul is for minerals whose marketing falls under the ambit of the Minerals Marketing Corporation of Zimbabwe (MMCZ) and excludes gold and silver that are also high value minerals. Gold, one ofContinue 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
“We hope to move projects to further stages where financiers are more comfortable to get involved” A presentation by Nigeria’s Solid Mineral Development Fund (SMDF) during a session on financing operations in the country’s burgeoning mining sector created a lot of excitement on Tuesday during Nigeria Mining Week’s Digital Event. “The SMDF has beenContinue 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
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
