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The DRC & ZMB’s Top Mining News Platform
Your top stories this week
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The current shutdown of one of the two 150MW units for Maamba Collieries Limited’s 300MW Thermal Power Station is due to routine planned maintenance…
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Maamba Collieries Limited and ZESCO Limited jointly clarify that the current shutdown of one of the two 150MW units for Maamba Collieries Limited’s 300MW Thermal Power Station is due to routine planned maintenance and strongly refute suggestions in some quarters, that the maintenance is being used as an ‘arm-twisting’ mechanism by Maamba Collieries to demand funds owed to them by… Read full details
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The 2023 fiscal year’s Finance Law anticipates mining revenues to reach 10,887.9 billion Congolese Francs (CDF)…
The 2023 fiscal year’s Finance Law anticipates mining revenues to reach 10,887.9 billion Congolese Francs (CDF), equivalent to over 5.4 billion US dollars. Document 4 of the Finance Law for the 2023 financial year relating to revenue-generating acts indicates that these revenues have increased by 146.3% compared to their level in the 2022 financial year, which amounted to 4,419.9 billion Congolese… Read full details
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Copper demand is expected to increase up to threefold by 2040 while cobalt demand is expected to rise over 20 fold…
At last year’s US Africa leaders summit in Washington the US signed an historic memorandum of understanding with Zambia and the Democratic Republic of Congo to develop an electric vehicle battery supply chain. At the summit, Zambian President Hakainde Hichilema also announced that Kobold metals, an exploration firm backed by billionaires Bill Gates, Jeff Bezos and Richard Branson, will invest… Read full details
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ZESCO announced that Zambia has begun rationing electricity to mining companies due to decreased power generation…
On Tuesday, 10.01.2023 the chairman of state-owned power utility Zambia Electricity Supply Cooperation (Zesco) announced that Zambia has begun rationing electricity to mining companies due to decreased power generation as a result of a significant decline in water levels in Lake Kariba. The Zambezi River Authority, responsible for managing the dam, reported that on Monday, 09.01.2023 the water… Read full details
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