©®™Uguba™ndubuisi™blog |: Weekly Roundup: Major Mining Developments in DRC-Zambia

Thursday, 31 October 2024

Weekly Roundup: Major Mining Developments in DRC-Zambia

Saudi Arabia's Manara Minerals closing a deal to buy minority stake in Zambia copper mine by end of the year

Manara Minerals, a new venture between the Saudi Arabian Mining Company (Ma'aden) and the Public Investment Fund (PIF) is set to close on a deal to buy a minority stake in Canadian miner, First Quantum Minerals' Zambian copper and nickel assets by the end of the year.

First Quantum Minerals reports 13% rise in copper production for Q3
First Quantum Minerals has reported a 13 percent increase in copper production for the third quarter of this year, accompanied by a doubling of income tax payments globally.
Production at the company's Kansanshi mine in Solwezi rose to 49,810 tonnes of copper up 20 percent or 8,303 tonnes compared with the previous quarter, while its Sentinel mine in Kalumbila produced 58,412 tonnes, up 9 percent or 4,817 tonnes compared with the second quarter of 2024.

Immersive Technologies Secures Multiple Workforce Development Contracts for Major Underground Mining Projects

In the second and third quarters of 2024, Immersive Technologies secured contracts to provide workforce training solutions for four significant underground mining projects in the U.S., Canada, Chile, and Indonesia. These solutions encompass machine simulation, digital learning technologies including virtual reality, 3D virtual machines, and training program development.

A strong partnership delivers advanced solutions in the valves sector
BMG delivers state-of-the-art valve solutions to diverse industries across Africa, in collaboration with InterApp – global leaders in the design and manufacture of high-quality valves. "Our shared commitment to quality, innovation and customer service ensures that we provide the best possible flow control products to our customers, helping them optimise their operations, enhance safety and minimise downtime," states Susan Victor, Sales Manager, BMG's Fluid Technology division.

Zambia to develop dozens of mining licenses with investors, aims to boost copper output by early next decade
Zambia, Africa's second-biggest producer of copper is planning to develop dozens of mining licenses together with investors with an aim to more than quadruple production of the mineral in the country by early next decade.

Rawbank s'associe à OADC pour Accélérer la Transformation Numérique et l'Inclusion Financière en RDC
Rawbank, leader de l'innovation bancaire en RDC, a annoncé son partenariat avec OADC – Texaf Kinshasa, le premier centre de données neutre en termes de réseau et certifié Tier- III par l'Uptime Institute dans le pays. Cette initiative s'inscrit dans la stratégie de Rawbank visant à améliorer ses services bancaires numériques et à promouvoir l'inclusion financière en investissant dans une infrastructure de classe mondiale.

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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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