CKM Newsletter 05-02-2024 | Zambia Aims for Glencore Debt Restructuring With New Mopani Investor...

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Zambia is in the process of restructuring a $1.5 billion debt owed by Mopani Copper Mines to Glencore…

Zambia is in the process of restructuring a $1.5 billion debt owed by Mopani Copper Mines to Glencore, originating from Glencore’s acquisition of Mopani in 2021, ZCCM-Investment Holdings (ZCCM-IH) announced on Friday. A Glencore spokesperson confirmed ongoing discussions on the debt restructuring but emphasized that no final agreement had been reached. In 2022, Glencore had written down the Mopani… Read full details

• Rio Tinto Strengthens Mining Ties with Angola Through Second Investment Contract
• All-American Rail Group Inks Mou to Assist Angola to Extend Northern Corridor Rail to DRC
• FQM Dominates Zambia’s Extractive Sector Contributions
• IMF Forecasts 4.7% Economic Growth for Zambia in 2024, Citing Mining Sector Reopenings

• Prime Minister of The Democratic Republic of Congo to attend Mining Indaba 2024
• President Cyril Ramaphosa to Attend the 30th Anniversary Celebration of The Mining Indaba
• FQM To Sell 120,000 Tons of Copper in Panama Mine
• Gemfields Achieves Strong Auction Revenues in 2023 Despite High-Quality Emerald Auction Withdrawal
• Zambia and Botswana Establish Kazungula Bridge Authority for Regional Economic Growth

• Disruptions in Rail Transport Cause Historic Drop in Richards Bay Coal Terminal Shipments
• Barrick Continues to be a Major Value Creator for Mali
• Uganda Harnesses Oil and Gas Resources for Economic Transformation
• Kenya Confirms Coltan Discovery

The largest gold mine in Africa, is now also one of the greenest mines on the African continent…

Kibali, the largest gold mine in Africa, is now also one of the greenest mines on the African continent, Barrick president and chief executive Mark Bristow told media at a briefing on Monday January 29th. Much of the electricity that drives Kibali is already supplied by its three hydropower stations. Once the mine’s new 16 megawatt solar plant and additional battery energy storage infrastructure… Read full details

Lumwana copper mine’s Super Pit expansion project has been accelerated with first production now scheduled for 2028…

The Lumwana copper mine’s Super Pit expansion project has been accelerated with first production now scheduled for 2028, Barrick president and chief executive Mark Bristow advised Zambian president Hakainde Hichilema at their meeting yesterday. The project will transform Lumwana into one of the world’s major copper mines, with projected annual production of around 240,000 tonnes per year over a +30… Read full details

The depot aims to facilitate the transportation of fifteen thousand metric tonnes of coal monthly...

The Zambian government has officially launched a railway siding depot at Sunline Zambia logistics company in Kalulushi District, Copperbelt. The Zambian government has officially launched a railway siding depot at Sunline Zambia logistics company in Kalulushi District, Copperbelt. The depot aims to facilitate the transportation of fifteen thousand metric tonnes of coal monthly… Read full details

• Prime Minister of the Democratic Republic of Congo to attend Mining Indaba 2024
• President Cyril Ramaphosa to Attend the 30th Anniversary Celebration of The Mining Indaba
• FQM to Sell 120,000 Tons of Copper in Panama Mine
• Gemfields Achieves Strong Auction Revenues in 2023 Despite High-Quality Emerald Auction Withdrawal

A delegation, led by Deputy Parliamentary Minister of Foreign Affairs, expressed Japan’s interest in supporting the Inga project, renewable energy development, and local ore exploitation…

In a press release issued by the Deputy Prime Minister of the Economy on Saturday, January 20, 2024, the press statement reported the Japanese government’s commitment to assist the Congolese government in energy projects. The delegation, led by Deputy Parliamentary Minister of Foreign Affairs Fukazawa Yolchi, expressed Japan’s interest in supporting the Inga project, renewable energy development, and… Read full details

MORE MINING STORIES YOU MIGHT HAVE MISSED

• Prime Minister of the Democratic Republic of Congo to attend Mining Indaba 2024
• President Cyril Ramaphosa to Attend the 30th Anniversary Celebration of The Mining Indaba
• FQM to Sell 120,000 Tons of Copper in Panama Mine
• Gemfields Achieves Strong Auction Revenues in 2023 Despite High-Quality Emerald Auction Withdrawal
• Zambia and Botswana Establish Kazungula Bridge Authority for Regional Economic Growth
• Disruptions in Rail Transport Cause Historic Drop in Richards Bay Coal Terminal Shipments
• Barrick Continues to be a Major Value Creator for Mali
• Uganda Harnesses Oil and Gas Resources for Economic Transformation
• Kenya Confirms Coltan Discovery
• Rio Tinto Strengthens Mining Ties with Angola Through Second Investment Contract
• All-American Rail Group Inks Mou to Assist Angola to Extend Northern Corridor Rail to DRC
• FQM Dominates Zambia’s Extractive Sector Contributions
• IMF Forecasts 4.7% Economic Growth for Zambia in 2024, Citing Mining Sector Reopenings

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