The global energy landscape is undergoing a profound transformation, driven by the need for cleaner and more sustainable alternatives. Hydrogen, often referred to as the “fuel of the future,” is emerging as a promising solution that has the potential to revolutionise the energy sector in Africa and beyond. The 16th …
Read More »Anglo American joins efforts to create sustainable mining taxation solutions
Anglo American joined representatives of government, civil society and other stakeholders in the mining sector at a global conference in Lusaka to discuss the future of resource taxation, as part of the launch of a new guide on the subject by the Inter-governmental Forum (IGF) on Mining. Those attending were …
Read More »KIBALI SET TO ROLL OUT NEW 10-YEAR PLAN ON BACK OF PRODUCTION RAMP-UP AND RESERVE REPLACEMENT
Barrick Gold Corporation, Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance. At the same time, successful exploration is expected to more than replace reserves depleted by mining again this …
Read More »Metso to deliver a large minerals processing equipment package to Kansanshi copper mine
Canadian First Quantum Minerals (FQM) has placed an additional order with Metso for the delivery of minerals processing equipment to their Kansanshi copper mine S3 expansion announced in 2022 in Zambia. The value of the order exceeds EUR 20 million, and it has been booked in the Minerals segment’s second-quarter …
Read More »Zambia Nears Selection of Investor for Mopani Copper Mine Acquisition
The Zambian government is edging closer to choosing an investor to take over the operations of Mopani Copper Mines, a decision is expected by the end of this month. Minister of Finance and National Planning, Situmbeko Musokotwane, revealed that the country is currently evaluating bids from four short-listed companies. China’s Zijin Mining Group, Norinco Group, Sibanye …
Read More »FQM’S KANSANSHI MINE HANDS OVER K1.2M IN CHEQUES TO SIX SOLWEZI COOPERATIVES
First Quantum Minerals’ Kansanshi Mining PLC has handed over cheques amounting to K 1.2 million to six cooperatives engaged in various business activities, each receiving K 200,000 in a continued effort to support and improve the welfare and livelihood of communities in Solwezi. The mining firm is alive of the …
Read More »GLENCORE DRC OPERATIONS HOST COMMUNITY TOWNHALL
Glencore recognises that robust and respectful engagement with stakeholders is essential for its industrial assets to maintain their licence to operate. Kamoto Copper Company S.A. (KCC) and Mutanda Mining SARL (MUMI) host a community townhall in Kolwezi on 29 June 2023. Community townhalls are one of the engagement platforms available …
Read More »Zambia short-lists investors to buy Mopani Copper Mines.
Zambia’s state-owned ZCCM Investment Holdings (ZCCM.LZ) confirmed on Monday that China’s Zijin Mining (601899. SS) and Sibanye Stillwater (SSWJ.J) are among the investors short-listed to buy Mopani Copper Mines. The list includes those companies, China’s Norinco Group and an investment vehicle owned by ex-Glencore officials, Reuters reported on June 20, citing sources. The search for a new investor …
Read More »ACTIS SIGNS DEAL TO SELL RENEWABLE YET ANOTHER ENERGY PLATFORM
London-based private equity firm Actis has agreed to sell its 100% stake in African green energy platform BTE Renewables to French companies Engie and Meridiam in a deal valued at $1bn. Under the Sales and Purchase Agreement signed with Actis, Engie will acquire BTE’s South African assets while Meridiam will acquire the …
Read More »MINING COMPANIES AND TRADERS EXPECT HUMAN RIGHTS DUE DILIGENCE
Over the last couple of years, we have witnessed a growing number of recommendations and legal requirements on responsible business practices and broader ESG full value chain due diligence, which place greater expectations on companies along the entire minerals value chain. Today, when it comes to discussing the respect and …
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