©®™Uguba™ndubuisi™blog |: First Mining Drc-Zambia's biggest news from the week

Thursday, 4 July 2024

First Mining Drc-Zambia's biggest news from the week

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Chinese firm in a deal to buy Zambia's Lubambe copper mine as the Asian nation aims to lead global green energy transition

Chinese firm JCHX Mining Management is nearing the completion of a deal to acquire Zambia's Lubambe copper mine as the East Asian country aims at topping global green energy revolution. The deal which is at its approval stage is poised to see the Shanghai-listed mining services and contracting company hold 80 per cent stake in the mine, currently held by Australian-based investment firm EMR Capital.

A bigger and better government offering, strongly positioned, and elevated at Mining Indaba 2025 (MI25), designed with attendees in mindAs the African mining industry continues to grow, the role government must fulfil in ensuring sustainable investment and development is becoming increasingly important. In acknowledgement of this, Mining Indaba is investing significantly in ensuring the presence of a larger mining government contingency in 2025.

IRH, UAE's IHC unit withdraws bid to acquire 51% stake in Vedanta's Zambian copper mines

The International Resources Holding (IRH), a unit of United Arab Emirate (UAE)'s International Holding Company (IHC) has announced its bidding withdrawal to acquire 51 per cent stake in Vedanta Resources' Zambian copper mines.
This is after talks collapsed on Wednesday this week because of a failure to agree on the assets' value.

Mutanda Mining and Equity-BCDC launch a development project in the agri-food sector.
At a workshop held at the Kisenda school in Lualaba province, on 20 June 2024, Mutanda Mining (a Glencore Group company in partnership with the DRC government) and Equity-BCDC launched a development project in the agrifood sector, aimed at empowering communities around its operations.

Gravitas® co-creates sustainable separation, process solutions through strategic partnerships
Separation or process solutions for commodities from chrome to iron ore must comply, or exceed, any mining company's Environmental, Social, and Governance (ESG) strategy. This is where a holistic separation solutions technology provider like Gravitas® Minerals can co-create an optimal solution based on its 40 years' collective experience in commodities, technologies, and systems.

Aggreko to install two solar farms providing renewable energy to Gove communities
Energy solutions company Aggreko, world leader in the supply of modular power, will install two 5.25MW solar farms through its agreement with Rio Tinto enabling renewable energy to be made available to communities on the Gove peninsula, including the township of Nhulunbuy in the Northern Territory.

Ivanhoe Mines completes construction of Kipushi concentrator ahead of schedule
Ivanhoe Mines , Executive Co-Chair Robert Friedland and President Marna Cloete announce today the completion of construction and the restart of the historic ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the Democratic Republic of the Congo (DRC)...

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First Mining DRC-Zambia is a journal that focuses on creating a networking forum for the decision makers in businesses and Governments across Africa's Copper belt region, who are either directly or indirectly involved in mining Developments. We inform ,educate and create business and networking opportunities for all Companies that are interested in expanding their business across DRC, Zambia and beyond. FMDZ is a bi-monthly magazine for the mining industry.

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