Kamoa Copper Signs 10-Year Agreement with CNMC's ...

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Central African Copperbelt mining journal (DRC & ZMB) EXPLORATION COULD DOUBLE ALPHAMIN'S RESOURCES AT BISIE - DRC 16 BARRICK GOLD OPENS DISCUSSION WITH DRC GOVT. ON CONTROVERSIAL 2018 MINING CODE 24 JUBILEE’S PROJECT ROAN STARTS PRODUCING COPPER IN ZAMBIA 5 VOLUME 09 | ISSUE 11 | US$ 6,50 CKM | July- August 2021 KAMOA COPPER SIGNS 10-YEAR AGREEMENT WITH CNMC’S LUALABA COPPER SMELTER Inside this edition

Transcript of Kamoa Copper Signs 10-Year Agreement with CNMC's ...

Central African Copperbelt mining journal (DRC & ZMB)

EXPLORATION COULD DOUBLE

ALPHAMIN'S RESOURCES AT

BISIE - DRC

16

BARRICK GOLD OPENS DISCUSSION

WITH DRC GOVT. ON CONTROVERSIAL

2018 MINING CODE

24

JUBILEE’S PROJECT ROAN

STARTS PRODUCING COPPER

IN ZAMBIA

5

VOLUME 09 | ISSUE 11 | US$ 6,50

CKM | July- August 2021

KAMOA COPPER SIGNS 10-YEAR AGREEMENT WITH CNMC’S

LUALABA COPPER SMELTERInside this edition

Contents

ADVERTISER INDEX

Elphinstone

BSi Steel

Prosteel

Blurock Mining

Sandvik

Beka Schreder

Insizwe

Elphinstone

DQS Academy

IFC

Page 6

Page 6

Page 11

Page 20

Page 26

Page 26

IBC

OBC

Copperbeltkatangamining.com | July - August 2021

Cover StoryKamoa Copper Signs 10-Year Agreement with CNMC's Lualaba Copper Smelter .......

DRC & ZMB Local NewsJubilee's Project Roan Starts Producing Copper in Zambia ..............................................

Central Copper Resources Raises US$3 Million for Acquisition | Zambia ........................

Congo Earthquake Disrupts Tin Ore Exports..........................................................................

Banro to Restart Mining Activities in the DRC in Mid-July....................................................

Goviex Mining License in Zambia Re-Instated....................................................................

Congo Picks Australia's Fortescue to Develop Giant Hydro Project ................................

Goviex, Hydro Tech Sign Drilling Contract for Mutanga Project .......................................

Loncor Gold Announces Name Change ............................................................................

Glencore Conrms the Commissioning of Operations at

Mutanda Mining by the End of 2021 ...................................................................................

Ivanhoe's Response Regarding Copper Concentrate Exports

from the Democratic Republic of Congo ............................................................................

DRC Council of Ministers Approves the Draft Decree Relating

to Collaboration Between Govt and AVZ Minerals Ltd .....................................................

DRC's Seizure of Around 30 Kg of Gold, Worth Nearly 2 Million USD ................................

DRC: Félix Tshisekedi Considers Revision of Certain Mining Contracts ............................

Exploration Could Double Alphamin's Resources at Bisie .................................................

Zambia Gold Deposits | MINROM ........................................................................................

Corporate Social ResponsibilityEmergency Response Team Fires up at Kalumbila ............................................................

Sandvik Zambia invests into local technical training institutions ......................................

TechnologyIntroducing the SOLARFLOOD - Beka Schreder .................................................................

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PublisherBiju Makelele

EditorJanet Ngule

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Associate EditorPierre Kadimba

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Corporate NewsKamoa Copper SA Appoints SGS Congo for On-Site Analytical Services ........................ 23

Barrick Gold Opens Discussion With DRC Govt. on Controversial 2018 Mining Code .... 24

FQM Haul Road Investment Saves $5m in Tyre Wear .......................................................... 25

Identifying and Mitigating Mining Risks – Insizwe Private Brokers ...................................... 26

n 31 May, 2021, Kamoa Copper signed a 10-year agreement with the OLualaba Copper Smelter (LCS), located outside the town of Kolwezi, for the processing of a por�on of Kamoa’s copper concentrate

produc�on.

Kamoa Copper delivered its first copper concentrates to the Lualaba smelter on 1 June 2021. LCS is 60%-owned by China Nonferrous Metal Mining Group (CNMC) of Beijing, China. Yunnan Copper of Kunming, China, owns the other 40%.

Kamoa Copper signs 10-year agreement with CNMC's Lualaba Copper Smelter 2

The agreement follows Ivanhoe Mines and CNMC entering into a strategic partnership with LCS on August 18, 2020, and concludes a nego�a�on that took place over the last year.

In addi�on, Ivanhoe Mines’ Co-Chairs Robert Friedland and Yufeng “Miles” Sun

have announced that commissioning and ramp up of the Kamoa-Kakula Phase 1, 3.8 Mtpa concentrator plant have progressed safely and quickly toward nameplate capacity.

Kamoa-Kakula’s ini�al copper concentrate was produced on 25 May 2021.

The project’s pre-produc�on surface stockpiles now contain approximately 3.3 Mt of high-grade and medium-grade ore at an es�mated, blended average of 4.87% copper. Contained copper in the stockpiles at the end of May now totals more than 160,000 tonnes (the current copper price is approximately US$10,200 a tonne).

Ivanhoe’s guidance for contained copper in concentrate expected to be produced by Kamoa-Kakula for the balance of 2021 is 80,000 to 95,000 tonnes. The figures are on a 100%-project basis and metal reported in concentrate is prior to refining losses or deduc�ons associated with smelter terms.

ual-listed Jubilee Metals’ Project Roan has started produc�on of Dintermediate copper concentrate for refining at the company’s Sable Refinery, in Zambia.

The construc�on of Phases 2 and 3 remain on target.

The copper and cobalt tailings are located in three central loca�ons, Project Roan, Project Elephant 1 and Project Elephant 2. Jubilee plans to build a processing facility at each of the three loca�ons.

The extent of the processing facili�es is determined by the refining capacity at its Sable Refinery, which is currently limited to 14 000 t/y, though Jubilee has a set target to expand its access to refining capacity, to achieve a targeted 25 000 t/y of copper.

The first of the processing facili�es has entered its construc�on phase at Project Roan, which targets output of 10 000 t/y of equivalent copper units.

The processing facility will be commissioned over three phases to accelerate the delivery of copper units for further refining to the Sable Refinery.

The comple�on of Phase 1 was achieved on schedule on a slightly revised �metable owing to heavy rains in the region early this year, and delivery of the first copper units to the Sable Refinery has taken place.

Phase 1 targets the delivery of an addi�onal 240 t of copper units a month, which will result in the first significant increase in produc�on at the Sable Refinery. Phase 2, which is expected to be completed during the third quarter, targets a further increase in produc�on to 400 t of copper units a month.

The Sable Refinery is fully opera�onal and ready to start refining Project Roan’s material and the delivery of this ini�al intermediate copper concentrate will significantly and rapidly add to the already achieved early earnings of £1.8-million from produc�on during the first phase.

Looking forward, Jubilee says Phase 2 will further increase the amount and quality of

intermediate copper concentrate delivered to the Sable Refinery for processing, and that the con�nuing rebound in the copper price is seeing it at a near ten-year high at the �me of wri�ng with analysts predic�ng further significant growth over the next 12 to 24 months driven by several long-term trends.

An increased environmental agenda globally and electrifica�on are at the centre of this, with the prolifera�on of electric vehicles, the increased use of renewable energy sources, energy efficiency and increased consump�on of electronics.

In addi�on to Project Roan’s Phase 1 commissioning, Jubilee has entered into a long-term o�ake agreement and the Sable Refinery is expected to start receiving third-party copper containing run-of-mine (RoM) material.

Under the terms of this agreement, the third-party RoM material will be ramped up to reach 150 t a month of delivered copper units by June 2021.

The Sable Refinery, meanwhile, is fully opera�onal and ready to refine product received from Project Roan.

Jubilee CEO Leon Coetzer says that, alongside the con�nued performance of the miner’s South African pla�num-group metals (PGMs) opera�ons, the targeted significant ramp up of copper opera�ons in Zambia is expected to further improve on Jubilee’s recently published record interim results for the six-month period to December 31, 2020, genera�ng long-term, quality earnings.

Further, Project Elephant is progressing simultaneously and is on track to enter the execu�on phase of the project by August this year, the company confirmed.

The comple�on of the design work for the company’s second copper processing facility, Project Elephant, whereby Jubilee has secured the rights to about 150-million tonnes of copper-containing surface tailings, is progressing well and remains on track to enter the execu�on phase for the project by August this year.

Project Elephant targets to reach the produc�on of 12 000 copper units a year in addi�on to Project Roan by the end of 2022

JUBILEE’S PROJECT ROAN STARTS PRODUCING COPPER IN ZAMBIAJUBILEE’S PROJECT ROAN STARTS PRODUCING COPPER IN ZAMBIA

KAMOA COPPER SIGNS 10-YEAR AGREEMENT WITH CNMC’S LUALABA COPPER SMELTER

KAMOA COPPER SIGNS 10-YEAR AGREEMENT WITH CNMC’S LUALABA COPPER SMELTER

Copperbeltkatangamining.com | July - August 2021 5

CENTRAL COPPER RESOURCES RAISES US$3 MILLION FOR ACQUISITION | Zambia

entral Copper Resources (CCR) has Cannounced the successful comple�on of its US$3 million group pre-IPO capital

raise and the acquisi�on of Armada Minerals in Zambia.

The Company has successfully raised US$3 million in pre-IPO funding, including an investment of US$2 million from a TSX and NYSE-listed US$1 billion market cap. company. CCR will n o w l o o k t o fi n a l i s e t h e n e c e s s a r y documenta�on ahead of its planned IPO next quarter.

Kevin van Wouw, CEO, commented:

“We are delighted to have completed this pre-IPO fundraising of c.US$3 million, with support from both exis�ng and new shareholders, including a US$2 million subscrip�on from a large strategic investor. This funding will allow the Company to advance opera�onal ac�vi�es at all assets while comple�ng its IPO on the London AIM Market.

“Addi�onally, we are pleased to announce Central Copper’s acquisi�on of Armada Minerals for the Lunga project in Zambia. Armada Minerals will be an important addi�on to Central Copper’s por�olio and its Zambian assets are expected to complement our assets in the DRC.

“We are well underway with confirmatory work, having completed the pre-feasibility engineering por�on of the study of Mbamba Kilenda project during the difficult COVID lockdown period. Our plans to ramp up to 1 Mt per year ROM and beyond, producing 30,000 t of Copper per year

in concentrate will be guided by adjacent ongoing explora�on as to subsequent expansions beyond the ini�al produc�on rate.

“CCR can now start to acce lerate i t s development and explora�on opera�ons across its two assets with the goal of becoming a new prominent copper mining developer/producer in Africa.”

CCR’s has a 65% interest in COMILU, a company that holds 13 licences in Democra�c Republic of Congo (DRC), Mbamba Kilenda project which is high-grade copper project (at 3% Cu) and near-term producer. These 13 licenses cover a con�guous 85 km of the geological feature hos�ng the mineralisa�on and the focus to date has only been on the 4.5 km strike on the eastern side of Mbamba Kilenda, which has already yielded a JORC (2012) compliant Mineral Resource Es�mate of 11.8Mt @ 3.13% CuEq.

The resource is open-ended to the west and to the east along this 4.5 km strike and at depth, providing the poten�al to significantly increase the resource from planned explora�on drilling. M b a m b a K i l e n d a b e n efi t s f ro m go o d infrastructure with a main road passing through the Project, which links to the Matadi port and a nearby power sta�on.

In October 2020, CCR completed the engineering phase of its PFS. The study was based on a mining evalua�on phase for the first three years producing a direct shipping ore (DSO) of 10-15,000 t p.a. copper in concentrate (approximately 20-25% Cu). From Year 3, it is

envisaged that the process plant is upgraded with the installa�on of Milling and Floata�on facili�es, enabling produc�on to be increased to c.1Mt p.a. run-of-mine (ROM), producing >30,000t p.a. copper in concentrate.

Work completed on the PFS also outlined expected copper recoveries of c.89% and first produc�on in in early 2022, subject to financing. The total CAPEX requirement is es�mated at US$46.7 million for the mining evalua�on phase and US$180 million for the upgrades and expansion in the first mining phase following Year 3. Strong cashflow is produced from Year 2 onwards.

The Company’s economic analysis uses a conserva�ve copper price of US$2.65/lb Cu and indicates an Internal Rate of Return (IRR) of 50% and a Net Present Value (NPV) of US$354 million, which will be confirmed by the ongoing work programme.

Acquisi�on of Armada Minerals

CCR has also completed the acquisi�on of Armada Minerals for its wholly owned Lunga project in Zambia. Lunga is situated in close proximity to the Chifumpa Mine, which has a resource (non-JORC Code (2012) compliant) with a grade of over 4% copper.

Four priority targets areas have been iden�fied for an ini�al drilling campaign, including two drill ready targets expected to be amenable to open pit development. A por�on of the proceeds from the IPO are to be directed towards Lunga to advance this highly prospec�ve licence.

Acquisitions

Copperbeltkatangamining.com | July - August 20216

CENTRAL COPPER RESOURCES RAISES US$3 MILLION FOR ACQUISITION | Zambia

www.bsisteel.com

Since 2019, the Canadian gold company, Banro, has decided to suspend its ac�vi�es in four of its subsidiaries, in the east of the Democra�c Republic of Congo, for security reasons.

This Saturday, June 05, 2021, the Minister of Mines received a delega�on from this company, led by its main shareholder, Luc Gérard. The la�er exchanged with the Minister of Mines, Antoine�e N'Samba, on the prospects for the development of the DRC in the mining sector.

The head of mines insisted on the priori�es of the Head of State, with regard to the development of economic ac�vity, especially in the eastern provinces of the country; and this, to give a li�le more employment alterna�ves to young people and the relaunch of ac�vi�es in South Kivu.

Banro responded to this invita�on because it wants to boost more than 6000 jobs in this part of the country.

BANRO to restart mining ac�vi�es in the DRC in mid-July 2

Banro defines itself as a metal mining company, for a sustainable and electric world. This gold company also supports the revitaliza�on of its sector, so that the popula�on benefits more from its subsoil.

Luc Gérard announces the relaunch of his mining ac�vi�es in the east of the country, precisely in South Kivu, around mid-July and plans to see opportuni�es in other provinces, such as North Kivu and Ituri.

BANRO TO RESTART MINING ACTIVITIES IN THE DRC IN MID-JULY

CONGO EARTHQUAKE DISRUPTS TIN ORE EXPORTS

Copperbeltkatangamining.com | July - August 2021 7

n earthquake in Goma, a city in Democra�c Republic of ACongo near the border with Rwanda, is delaying exports of �n ore from mineral-rich North Kivu province, two sources

with direct knowledge told Reuters on Wednesday.

This is likely to exacerbate shortages of the soldering metal, prices of which last week touched 10-year highs at $30,650 a tonne.

The sources said �n ore producers have been unable to obtain the permits they need to export the material because government offices in Goma, North Kivu's capital city, are shut due to the earthquake, which destroyed several buildings on Tuesday.

They declined to say how much �n is delayed.

Measured at 5.3 magnitude by the Rwandan Seismic Monitor, Tuesday's earthquake was the largest of more than 100 tremors that have followed the erup�on on Saturday of Mount Nyiragongo volcano just north of Goma.

More than 20,000 people are homeless and 40 s�ll missing in the a�ermath of the erup�on.

North Kivu exported 8,281 tonnes of �n ore in 2019, the provincial mines division's latest sta�s�cs show. The vast majority of that came from Alphamin Resources' Bisie mine near Walikale, 230 km (142 miles) west of Goma.

In a statement, Alphamin, which produced 10 319 t of �n in 2020, said: "Some disrup�on of government services rela�ng to export documenta�on has occurred and, assuming no further volcanic erup�ons, these services are expected to return to normal in the first week of June."

Alphamin exports its �n via Beni over the border to Uganda, and ul�mately to Kenya's port of Mombasa, from where it is shipped.

The seismic ac�vity around Goma following Saturday's erup�on has raised concerns Nyiragongo may erupt again. Goma-based volcanologist Dario Tedesco said on Monday he feared the tremors could open another fracture.

8

DRC & ZMB Local News

Copperbeltkatangamining.com | November - December 2019

GOVIEX MINING LICENSE IN ZAMBIA RE-INSTATED

CKM Newsletter | CKM Website | CKM HTML Mailer | CKM eMagazinewith over 20,000 online subscribers & over 15,000 Linkedin followers

oviEx Uranium has received a letter from the

GMining Cadastre Department of the Republic of Zambia notifying the Company that the

previously cancelled Chirundu Mining License (12634-HQ-LML) has been re-instated.

"We are very pleased and warmly welcome the decision made by the Mining Cadastre concerning the reinstatement of the Chirundu mining license and believe this decision was well considered and in the best interests of all stakeholders both in Zambia and abroad," states GoviEx's Executive Chairman, Govind Friedland.

"The Zambian Government has indicated its strategy to diversify its mining industry from the heavy weighting of base metals and advancing its long-term desire to include uranium and clean baseload nuclear power as part of its economic development plans.

"As the uranium market improves, the Company plans to reinvigorate the development of the Mutanga Project starting with targeted resource exploration drilling later this year. We look forward to advancing and deepening our long-term and mutually beneficial relationship with the Republic of Zambia.

> > >

par�es".

"In the event that, for any reason, such rights to develop Inga 3 become available, the government of the DRC undertakes to secure for Fortescue Future Industries an exclusive first op�on to develop Inga 3," it said.

A senior official at the government's Agency for the Development and Promo�on of Grand Inga (ADPI), speaking on condi�on of anonymity, said the ADPI had not been involved in the talks with Fortescue.

Fortescue chairman Andrew Forrest met Congo President Felix Tshisekedi on Sunday to discuss the project. Forrest said Fortescue would use the energy from Inga to produce hydrogen to export around the world.

"The capital cost of this will be many many tens of billions of dollars and direct and indirect employment will be in the hundreds of thousands," he told reporters.

Fortescue has said it plans to fund the majority of its green energy projects off its balance sheet, inves�ng about $1-billion a year of its own money.

includes China Three Gorges Corpora�on and a Spanish consor�um that includes AEE Power signed a deal with Congo's government to develop the third dam, known as Inga 3.

Ground has yet to be broken on Inga 3 because of ques�ons over its financial viability. Alexy Kayembe De Bampende, P r e s i d e n t F e l i x Ts h i s e ke d i ' s t o p infrastructure advisor, said the project would now be led by Fortescue.

"Fortescue will be the sole operator for the en�re Grand Inga (3 to 8). Chinese & co are welcome to join Fortescue," he told Reuters in a text message.

"There has been discussion between Chinese (Three Gorges) & AEE and (Fortescue) since last year to work together."

Three Gorges and AEE Power did not respond immediately to requests for comment.

In a memorandum of understanding signed between Fortescue and Congo in September 2020, seen by Reuters, Fortescue "acknowledges the exis�ng poten�al rights held on Inga 3 by third

emocra�c Republic of Congo's D(DRC's) government said on Tuesday Fortescue Metals Group

w o u l d d e v e l o p t h e G r a n d I n g a hydroelectric power project, including a 4,800-megawa� dam that has already been commi�ed to Chinese and Spanish developers.

Australia's Fortescue confirmed earlier on Tuesday that it was in talks with Congo to develop a series of dams that could become the world's largest hydroelectric project, but it said no formal binding agreement had been concluded.

Fortescue's involvement is the latest twist in Congo's decades-long quest to expand Inga , whose two ex i s�ng dams – completed in 1972 and 1982 – have a combined installed capacity of nearly 1 800 MW.

The proposed expansion of six more dams would bring capacity to over 40 000 MW, roughly double the size of China's Three Gorges dam, currently the world's largest. Total development costs have been es�mated at up to $80-billion.

In 2018, a Chinese consor�um that

Corporate News

CONGO PICKS AUSTRALIA'S FORTESCUE

TO DEVELOP GIANT HYDRO PROJECT

Copperbeltkatangamining.com | July - August 2021 9

Feasibility Study. Drilling will be carried out based

on a 100 m x 50 m grid to an average depth of 110

metre.

The Dibwe East deposit currently contains 43.1 Mt

of ore at an average grade of 304 ppm U3O8 for

28.9 Mlb U3O8. And the company intends to

undertake explora�on drilling on three trenches on

strike and to the east of Dibwe East, which have

previously shown anomalous uranium

Hydro Tech is a Zambian based drilling company

that specialises in groundwater and explora�on

drilling and has been opera�ng for seven years.

Meanwhile Terratec Geophysical Services Namibia

will provide down-hole logging services including,

calibrated gamma log, used to es�mate the

uranium grade, hole devia�on and conduc�vity

log, to interpret the geology.

the drill targets iden�fied through trenching, in

known uranium intersec�ons, indicate poten�al

for resource extension making this a poten�al

long-life project.

"Furthermore, considerable metallurgical test

work has already been undertaken to a pre-

feasibility study standard, providing considerable

confidence on the process route considered."

GoviEx has planned a 8,000 metre down-hole

percussion drilling program, focussed on the

Dibwe East deposit and new areas defined by

previous trench sampling east of Dibwe East. The

objec�ves of the program are:

To upgrade the mineral resource associated with

the Dibwe East deposit from an Inferred to an

Indicated category, allowing its inclusion in a

oviEx Uranium Inc. has sealed a drilling Gcontract with Hydro Tech Drilling &

Explora�on (Hydro Tech) to undertake

explora�on and resource delinea�on drilling

programs on Mutanga Uranium project.

"With the reissued Chirundu Mining Permit we are

keen to get back to advancing our Zambian assets

with the development of Mutanga.

The Project benefits from very simple and

straigh�orward opera�ons due to low-waste

stripping, low acid consump�on and poten�ally

o n e o f t h e l o w e st c a p i ta l ex p e n d i t u re

requirements of its African peers needed to get

into produc�on," said Daniel Major, Chief

Execu�ve Officer of GoviEx.

He said the mine forecasts an 11-year mine life and

GOVIEX, HYDRO TECH SIGN DRILLING CONTRACT FOR MUTANGA PROJECT

DRC & ZMB Local News

LONCOR GOLD ANNOUNCES NAME CHANGE

Copperbeltkatangamining.com | July - August 202110

owned by Loncor and is located approximately 50

kilometres from the Imbo project, has an

indicated mineral resource of 614 200 oz of gold

(2.20 million tonnes grading 8.66 g/t Au) and an

inferred mineral resource of 549 600 oz of gold

(3.22 million tonnes grading 5.30 g/t Au).

Arnold Kondrat, founder and CEO of Loncor,

commented, "The company con�nues to develop

its flagship open pit Adumbi gold deposit. More

than 3,450 million inferred ounces of gold have

been iden�fied to date on the Imbo licence. Our

current drill programme, which has had

tremendous success in adding to the gold

resource at Adumbi, demonstrates Adumbi

con�nues at depth with higher grades and

widths.

"We believe Adumbi has the poten�al to con�nue

to grow significantly from the ongoing drill

programme, into a Tier 1 deposit. In addi�on,

discussions are underway on how best to mix the

company's high grade Makapela deposit located

50 km away into any future mine plan at Adumbi."

SX-listed Loncor Resources has changed its Tname to Loncor Gold in order to be�er

brand the company's business as a gold

explora�on company.

Loncor is a Canadian gold explora�on company

focused on the Ngayu Greenstone Gold Belt in the

northeast of the Democra�c Republic of the

Congo (DRC).

Loncor's growing resource base in the Ngayu Belt

currently comprises the Imbo and Makapela

Projects. At the Imbo Project, the Adumbi

deposit and two neighbouring deposits hold an

inferred mineral resource of 3 466 Moz of gold

(42.996 million tonnes grading 2.51 g/t Au), with

84.68% of this resource being a�ributable to

Loncor.

Adumbi shows promise of huge poten�al

The company is currently carrying out a drilling

programme at the Adumbi deposit with the

objec�ve of outlining addi�onal mineral

resources. The Makapela project, which is 100%-

Glencore is pleased to confirm the commissioning of opera�ons at the Mutanda Mining (MUMI) mine by the end of 2021, in order to allow the return to produc�on for the year 2022.

MUMI as well as KCC play a role important in global energy and mobility transi�ons, thanks to the high-quality copper and cobalt produced by both opera�ons. A cri�cal component of the produc�on process is the green energy used to power the two mines thanks to Glencore's investment of around $ 400 million in the Inga dam project. Glencore is proud to be a partner of the DRC and remains commi�ed to ensuring that the country can fully benefit from its vast natural resources for the benefit of all stakeholders.

GLENCORE CONFIRMS THE COMMISSIONING OF OPERATIONS AT MUTANDA MINING BY THE END OF 2021

DRC & ZMB Local News

Commercial Copper Produc�on Commences

On March 26, 2021, Ivanhoe Mines

announced the start of copper concentrate

produc�on at the Phase 1, 3.8 million-tonne-

per-annum (Mtpa) Kamoa-Kakula Mine,

several months ahead of schedule.

On May 26, 2021, Ivanhoe Mines senior

management met with DRC Government

officials as part of the early commencement

of produc�on, including His Excellency Félix

Tshisekedi, President of the Democra�c

Republic of the Congo.

(L-R): President Kgalema Motlanthe, Former

President of South Africa and an Ivanhoe

M i n e s I n d e p e n d e nt D i re c to r ; Fé l i x

Tshisekedi, President of the Democra�c

Republic of the Congo; Marna Cloete,

Ivanhoe President and CFO.

Ivanhoe's response regarding copper

concentrate exports from the Democra�c

Republic of Congo 2

Kamoa Copper is the DRC opera�ng company

of the joint venture between Ivanhoe Mines,

Zijin Mining Group, Crystal River and the

Government of the DRC that is developing

the Kamoa-Kakula Copper Mine.

framework allowing the Minister of Mines to

grant individual deroga�ons on a case-by-

case basis following an applica�on by an

interested party.

Ivanhoe Mines' President and CFO Marna

Cloete commented, "The concentrate export

ban is not new. However, the rules now

recognize that a deroga�on may be jus�fied

for a number of reasons. Kamoa Copper has

filed the necessary applica�on materials and

we have had construc�ve discussions with

the Minister of Mines on obtaining a

deroga�on for Kamoa-Kakula given current

limita�ons on smel�ng capacity in-country."

Ms. Cloete con�nued, "We fully intend to

u�lize local smelter capacity to the extent

possible. Furthermore, as we announced in

March, Ivanhoe Mines, together with our

joint venture partner Zijin Mining, is

assessing the construc�on of a smel�ng

complex at Kamoa-Kakula for the produc�on

of blister and anode copper. This is all part of

our inten�on to operate responsibly in the

DRC for genera�ons to come, and for the

benefit of all of our stakeholders, including

the Government of DRC who are our 20%

partner in Kamoa Copper."

vanhoe Mines responds to media Ireports regarding copper concentrate

exports from the Democra�c Republic of

Congo

D i s c u s s i o n s a re o n g o i n g w i t h D R C

Government officials regarding an individual

concentrate export deroga�on

KOLWEZI, DEMOCRATIC REPUBLIC OF

CONGO – Ivanhoe Mines (TSX: IVN; OTCQX:

IVPAF) is responding today to a media report

sta�ng that miners in the Democra�c

Republic of Congo (DRC) received an order on

May 26, 2021 that has banned the export of

copper and cobalt concentrate from the

country.

Ivanhoe Mines confirms that it is aware of the

order issued to customs officials by the

provincial director of Customs and Excise in

the Katanga Province of DRC. Ivanhoe Mines

also is aware of a subsequent le�er

confirming that companies with a deroga�on

le�er from the Minister of Mines will be

allowed to export concentrates.

A sector wide deroga�on f rom the

concentrate export prohibi�on expired on

April 12, 2021 and was replaced by a

Cover Story

Copperbeltkatangamining.com | July - August 202112

IVANHOE'S RESPONSE REGARDING COPPER CONCENTRATE EXPORTS FROM THE DEMOCRATIC REPUBLIC OF CONGO

Local News (DRC)

adop�on”, indicates the report of the Council of

ministers.

Recall that Julien Paluku had already signed in February

2020 in Kinshasa, a memorandum of understanding with

the company AVZ Minérale, a partner of Cominiere (a

public mining company created from the ashes of the

former Zairetain) for the crea�on of a Special Economic

Zone in Manono.

It is the second special economic zone to be created a�er

that of Maluku in Kinshasa.

The province of Tanganyika is a mining area. At the end of

November 2018, the company AVZ Minerals declared a

reserve of 6.6 million tonnes of lithium on the Manono

deposit, in the former province of Katanga, s�ll under

explora�on. It also abounds in other richnesses, in

par�cular fisheries, in Lake Tanganyika, the deepest in

Africa and which also contains oil deposits on its edges.

The province of Tanganyika is open to East Africa via

Tanzania which exports several goods to the DRC.

he second mee�ng of the Council of Ministers Theld on Friday, May 08, approved the Dra�

Decree approving the collabora�on agreement

signed between the government of the DRC and the

firm AVZ MINERALS LTD. This dra� decree presented by

the Minister of Industry, Julien Paluku Kahongya, was

referred to the competent interministerial Commission

before its return to the Council of Ministers for

adop�on.

“ The Dra� Decree approving the Coopera�on

Agreement signed between the Government of the

Democra�c Republic of the Congo and the firm AVZ

MINERALS LTD as well as the Dra� Coopera�on

Agreement between the Government of the Democra�c

Republic of the Congo and the firm AVZ MINERALS LTD

on a coopera�on project were presented to the Council

by the Minister of Industry. These two texts were

referred to the competent interministerial Commission

before its return to the Council of Ministers for

13

DRC COUNCIL OF MINISTERS

APPROVES THE DRAFT DECREE RELATING TO

COLLABORATION BETWEEN GOVT AND AVZ MINERALS LTD

Copperbeltkatangamining.com | July - August 2021

DRC’S SEIZURE OF AROUND 30 KG OF GOLD, WORTH NEARLY 2 MILLION USD

gold from conflict-affected or high-risk

areas in Central and East Africa is

channeled each year to interna�onal

markets, including China, the United

States, the United States, the United

States, the United States. India, Europe

and the Middle East, against a backdrop

of record hikes in interna�onal gold

prices. The alert was given by The Sentry

in a new report published in February.

people were arrested and taken to

Bunia. Also according to the sources of

the reserve, two Chinese are also

involved, but they have not yet been

arrested because on the run.

According to Reuters , the gold came

from a mine located about 200 km from

the Ugandan border and managed by

the company MCC Resources.

For the context, more than $ 4 billion of

h e C o n go l e s e a u t h o r i � e s Tannounce that they seized on

Saturday June 19, 2021 31 kg of

gold, worth 1.9 million USD. The

opera�on took place at the Okapi

Wildlife Reserve, a reserve on the

UNESCO World Heritage List, in the Ituri

forest, bordering Uganda.

The gold seized in the hands of the

smugglers came from Muchacha. Three

Local News (DRC)

Copperbeltkatangamining.com | July - August 202114

DRC: Félix Tshisekedi Considers Revision

of Certain Mining Contracts

Local News (DRC)

Copperbeltkatangamining.com | September - October 2020

he Democra�c Republic of Congo’s Head Tof State met with local authori�es in his

visit in Kinshasa, but also mining

operators. In a popular mee�ng, at the

Mwangeji crossroads in the center of the town

of Kolwezi, he also men�oned the various

contracts.

"It is not normal that those with whom the

country has signed exploita�on contracts get

richer while our popula�ons remain poor," he

said.

He added that:

"It is �me for the country to readjust its contracts

with the miners with a view to sealing win-win

partnerships", declared the President of the

Republic without men�oning the companies

concerned.

At the beginning of May, Félix Tshisekedi had

exchanged on the phone with his Chinese

counterpart Xi Jinping. The two men had also,

according to sources of the Presidency of the

Republic, men�oned the economy of the mining

sector. This telephone interview took place in the

entourage of the Congolese head of state,

pressure is being exerted in par�cular to review

the famous Chinese contracts signed under

Joseph Kabila.

"The DRC and Africa should not be the

ba�leground of the powers. Let us be vigilant to

those who cry out for figh�ng and seek to create

hos�lity," Zhu Jing, Chinese Ambassador to the

DRC, ques�oned this Friday on Twi�er. .

The other important thing around this issue is the

governance of the mining sector. Although the

DRC has ini�ated reforms to strengthen the

governance of natural resource management and

improve the business climate, the country ranks

183rd out of 190 countries in the Doing Business

2020 report, and the main governance indicators

remain poor , notes the World Bank.

Copperbeltkatangamining.com | July - August 2021 15

Exploration Could Double Alphamin's Resources at Bisie

Local News (DRC)

year and is gaining momentum into 2021.

When Bisie was ini�ally developed Alphamin only drilled out a deposit of five million tonnes. The Bisie mine was designed to be a "staged rollout", where sufficient Resources were iden�fied to support an ini�al opera�on with an adequate Life of Mine and acceptable returns. Once opera�ng, further drilling would be carried out with internally generated cashflow. The result was that Alphamin discon�nued the explora�on programme with only 40,000m drilled. The lure of Bisie was the grade though, which measured an average of close to 4.5%. In some holes, the geologists measured up to 7% Sn, which was unheard of. In the global context, that put Bisie at another level.

At that stage, the highest-grade �n mine in the world was believed to be San Raphael in Peru, which mined �n at close to 2%. Since then, the average �n grade at San Raphael has dropped to well below 1.8%. The exci�ng fact about Bisie is that what they found, and subsequently drilled, was only the �p of an iceberg. It is a single deposit (Mpama North) located on a mineralised ridge of between 13km to 20km long. About 750m from Mpama North lies Mpama South and further along the ridge there are a number of prospec�ve targets that can only be described as a string of pearls. These targets all fall within Alphamin's tenement at Bisie.

Explora�on could double Alphamin's resources at Bisie 1

The Bisie Ridge is a hill that runs from north to south and falls almost en�rely within Alphamin's licensed areas. Mpama North fits the gene�c model for �n deposits globally and like 99% of all �n in the world occurs in granite associated lithologies. What makes Bisie unique, however, is that the deposit has remained intact for millions of years, in contrast to similar deposits in the world where erosion played a much greater role a lot earl ier. These deposits usual ly occur on intercon�nental margins, whereas Bisie lies in an inter-cratonic zone and was subjected to intense and repeated compression and extension.

The Bisie Ridge thus represents the contact between a granite/basement and metasediments. Mineralisa�on occurs where northeast trending structures cross-cut this contact, evident at both the Mpama North and Mpama South deposits. This configura�on is also evident at several other

Gejiu Zi-Li produced 7000t.

The Central Andean �n belt (Bolivia and southernmost Peru) (14%) where Minsur runs the San Raphael �n mine in the Puno region of Peru. In 2020 San Raphael produced 19 600t of �n.

The Cornwall �n province (7%) in southwest England. Cornwall's last mine, South Cro�y, closed in 1998, a�er more than 400 years of con�nuous opera�ons. In July 2016, Cornish Metals (LON, TSX-V: CUSN) completed the acquisi�on of the South Cro�y and United Downs copper-�n projects. Cornish is ge�ng closer to reopening the South Cro�y �n-copper mine to put Cornwall back on the world �n map again in 2023.

Global �n mine produc�on is currently about 300,000 tonnes of �n annually, with Indonesia and China domina�ng, and Myanmar on a par with these two countries for the last couple of years. More than 99% of this �n produc�on is from ore deposits directly (primary deposits) or indirectly (placers) related to grani�c rocks, i.e. granites and their volcanic and subvolcanic equivalents. A small quan�ty of �n is or was recovered as a by-product of mining of base-metal massive sulfide deposits (such as Kidd Creek in Canada, or Neves Corvo in Portugal). (Lehmann 1990).

A L P H A M I N ' S B I S I E M I N E - A M A J O R DEVELOPMENT

Currently there are several discoveries and projects in development which will increase the propor�on of �n mined from other parts of the world. These include Syrymbet in northern Kazakhstan and the Deputatskoe deposit in Yaku�a, Northeast Russia, with more than 200,000t Sn content each. However, the most significant new development is in the North Kivu province of the DRC, where Alphamin Resources con�nue to mine cassiterite at a prolific grade of around 4% �n.

Not only that, but recent explora�on results confirmed previous beliefs that the Bisie Ridge may soon be recognised as another �n province. Tin provinces are one of the best examples of metallogenic provinces. The Ridge at Bisie is close to 20km in length of which an extremely small area has been drilled up to now. But with Alphamin's balance sheet under control and a phenomenal �n price backing it up, the company has invested in explora�on drilling which started in December last

eology is the one thing miners are not able Gto change. They cannot improve ore bodies or create valuable deposits.

Geology does not follow mining companies. Miners must go out and look for the excep�onal deposits wherever they are. If they are in the developing world, the risks, and the costs, to extract them are a lot higher compared to mining ore bodies in developed countries.

Nevertheless, if a company discovers a �n deposit with an average grade of more than 4.5%, there are no second thoughts. Despite the risks and challenges, Canadian listed Alphamin Resources (TSX.V:AFM) pursued the Bisie deposit in the DRC relentlessly un�l they started extrac�ng the ore and mi�gated the risks. Good rocks do not lie, and there seems to be a lot of them at Bisie. Most have not even been discovered yet. However, all indica�ons are that Alphamin has iden�fied an anomaly that could become the fi�h �n province in the world.

TIN PROVINCES OF THE WORLD

According to Lehmann (1990) about 85% of all historically mined �n is sourced from four main �n ore provinces within large granite belts. These are, in decreasing importance, Southeast Asia (Indonesia, Malaysia, Thailand, Myanmar), South China, the Central Andes (Bolivia, southern Peru) and Cornwall, in southwest England. Current �n mine produc�on is mainly from Indonesia (25 %), China (25 %), Myanmar (17 %), and Peru, Bolivia, Brazil (5-6 % each) (USGS, 2020).

The four exis�ng �n provinces and their most important mines are:

The South East Asian �n belt (Myanmar, Thailand, Malaysia, Indonesia) with a 40–45% share of the total world �n produc�on. The top mining opera�ons in this belt include PT Timah in Indonesia, which churned out 74 800t of �n (Sn) in 2020, Malaysian Smel�ng Corpora�on which produced 22 400t, while Thaisarco, in Thailand, unearthed close to 11 300t in 2020.

The South China �n province (20%) hosts the current top refined �n producer in the world, Yunnan Tin, which processed 74 800t Sn in 2020, Yunnan Chengfeng, which produced 16 500t and was the 5th most prolific �n opera�on in the world in 2020. Guangxi China Tin and Jiangxi New Nanshan both produced 10 100t in 2020, while

Copperbeltkatangamining.com | July - August 202116

Local News (DRC)

intended to form the basis of a Mineral Resource es�ma�on exercise on at least 16,000m, to be completed by end 2021. Infill drilling and further step-out drilling will con�nue for the remainder of 2021.

According to a recent announcement by Alphamin all holes completed to date have shown visual mineralisa�on, confirming the presence of the Main Zone of mineralisa�on over 500m of strike, while several excep�onal intercepts comparable to the thick veins and brecciated zones of cassiterite exis�ng at Mpama North were also observed. In addi�on, a new zone of mineralisa�on was discovered in the footwall which appears con�nuous and highly mineralised (Footwall Zone).

Examples of some of the drill results include:

BGH030: 10.6 metres @ 4.85% Sn from 141.9 metres (see Figure 1)

BGH032: 20.0 metres @ 2.07% Sn from 185.0 metres

BGH025: 14.6 metres @ 2.70% Sn from 220.10

Exploration Could Double Alphamin's Resources at Bisie continued...

locali�es along this 13km ridge contact. Bisie is a s t ra n ge a n o m a l y i n t h at i t i s a l a rge , underexplored, extremely old, and very high-grade deposit.

ALPHAMIN COULD MORE THAN DOUBLE ITS RESOURCE AND POSSIBLY PRODUCTION AT BISIE

Alphamin decided to undertake a drilling programme last year with three goals in mind: To extend Mpama North (currently the highest- grade ore body in the world), to declare a maiden mineral resource at Mpama South (probably the second highest ore body in the world), and to iden�fy and start drilling out new targets on the Bisie Ridge. If successful, it could more than double Alphamin's resource at Bisie.

Explora�on ac�vi�es at Mpama South got underway last year, with a first phase 5,800m diamond drilling programme which started in December 2020. A second phase 4,200m programme started in April 2021. To date, 8,700m and 40 holes have been completed. Phase 3 for 6,800 metres commenced in May 2021 and will conclude in July/August 2021. All phases are

17

metres

The discovery of the parallel Footwall Zone of mineralisa�on about 25m from the Main Zone, has contributed towards the expansion of the Mpama South Drilling Programme scope and planned drill meters in 2021. The characteris�c intense chlorite altera�on associated with the high cassiterite mineralisa�on at the Mpama North opera�on is also present in the drill cores of Mpama South. This, of course, is good news for management's objec�ve to declare another high-grade �n Mineral Resource by the end of 2021. All the signs are there to believe that another high grade payshoot exists at Mpama South, similar to that at Mpama North.

In addi�on, further south along the ridge, more poten�al deposits have been iden�fied, and Alphamin will priori�se two of them for explora�on in 2021. Drill-tes�ng supplemented by a geochemical soil sampling campaign, will be carried out at the 'Marouge Target' and the 'V Target', the characteris�cs of which, according to Alphamin, strongly match those at Mpama North and Mpama South.

Copperbeltkatangamining.com | July - August 2021

determine the horizontal extent of the deposit, lithological units, and structures present. Sampling loca�ons were also selected to determine the grade varia�on throughout the area.

Based on limited assay analysis conducted on this project Minrom did a range analysis and predicted a poten�al mineralisa�on model that a�ained great gold tonnages and grades withing the alluvial material.

It has been confirmed that the current project area contains an alluvial gold occurrence. However, the poten�al of the deposit, to sustain a mining opera�on, is not yet clear. The following recommenda�ons was made by Minrom to development the explora�on project:

Complete the assay analysis from Phase 1.

Develop a Phase 2 geological model of the ore body based on addi�onal trenching and sampling results for grade es�ma�ons.

Zambia Gold Deposit | Minrom 3

Figure 2 – A) Boulder sized clast material present in the current river. B) Quartz clast from the gravel lag unit. Well-rounded and highly spherical, some jagged conchoidal fractured quartz fragments are also present in the gravels. C) Quartz vein exhibits a sharp contact with the amphibolite. D) Conchoidal fractured quartz grains present in the river clasts.

Minrom was requested by a renowned gold company in Zambia to conduct geological explora�on programmes on two individual sites in Zambia for

poten�al gold deposits.

Zambia is geologically comprised of several individual craton terrains, which include stable cratons, Pan-African mobile belts, sedimentary successions, and post-Karoo sedimentary cover. The geology of the central province of Zambia hosts predominantly three supracrustal successions, these include the Muva Supergroup, Katanga Supergroup, and the Karoo Supergroup.

The project area is located within the Quaternary sediment consis�ng alluvium, colluvium and laterite succession surrounding the Mkushi River in the southern por�on of the central province of Zambia. The alluvium, colluvium and lateri�c unit is comprised of predominantly clay and silt with sedimentary gravel units located at the base of the sequence. The alluvium unit is underlain by rocks of the Muva Supergroup. These Quaternary sediments and the Muva Supergroup host the alluvial gold occurrence.

Zambia Gold Deposit | Minrom 2

Figure 1 – Geology of the project area

As part of the explora�on program Minrom conducted surface mapping, trenching, and sampling. The areas were traversed to

ZAMBIA GOLD DEPOSITS | MINROM

Sponsored Article

18 Copperbeltkatangamining.com | July - August 2021

EMERGENCY RESPONSE TEAM FIRES UP AT KALUMBILA

new 24-hour emergency fire and rescue Asta�on has been set up in Kalumbila to

safeguard people's lives and protect

property as the town con�nues to grow.

The centre, which will be operated round-the clock

by a 12-member team, has been provided with state-

of-the-art equipment, including a fire engine, mul�-

casualty trailer and u�lity vehicle, by First Quantum

Minerals' Kalumbila Minerals.

The new facility will help protect the growing

community near the company's Sen�nel Mine, as

well as the town airport.

"This move has been necessitated due to the size of

the airport as well as the size of aircra� landing at our

airport; Also, the popula�on in the communi�es

surrounding the mine has increased exponen�ally

and there is a con�nuous expansion of infrastructure

within the mine and the communi�es," explained

KML Safety Manager Brent Pondaag, speaking as the

company unveiled the new Rosenbauer Buffalo fire

engine, u�lity vehicle, and a trailer that can treat up

to 30 pa�ents at a �me.

Mr Pondaag said there had been a notable increase

in motor vehicle traffic within Kalumbila town. He

noted that it takes approximately 20-30 minutes for a

fire truck to reach Kalumbila housing from the mine

site, hence the need to bring an emergency response

team closer to the people.

The fire engine, which is designed for airport use, can

also be used on other structural fires, and has a

4,000-litre water capacity with a 500-litre in-built

foam tank and a 135 kg dry chemical powder tank

equipped with the latest firefigh�ng equipment.

On behalf of the Kalumbila community, Apostle

Sydney Mulonga from the Pastors Fellowship of

Kalumbila, said the development showed the

considera�on that Kalumbila Minerals management

had for its community and workers. "As Kalumbila

Pastors Fellowship, we are delighted to have a mine

that is concerned about its community and people's

welfare. It makes us feel safe that help is a doorstep

away. Thank you KML for thinking and coming to our

aid always," said Pastor Mulonga.

Corporate Social Responsibility

19Copperbeltkatangamining.com | July - August 2021

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Sandvik Zambia invests into local technical training institutions

Mining through COVID-19

he measure of an organisa�on's success is made not only by its Tprofitability, but moreover by its investment in the upli�ment

of both its own employees as well as the communi�es in which

it operates. In response to requests from various learning ins�tu�ons

in Zambia for training aids, Sandvik Mining and Rock Solu�ons Zambia,

stepped up to the plate and undertook a substan�al corporate social

investment project over the past 18 months.

“As part of our sustainability goals, playing our part in the local

community that we operate in is an important commitment for

Sandvik. We do hope that the equipment we donated to the selected

training ins�tu�ons will be used in the most valuable manner and

enhance learning by giving the students hands-on experience. We look

forward to future collabora�on to enable everyday improvement of

the students,” says Morden Munsaka, Human Resource Business

Partner Central Africa.

The dona�ons from Sandvik were made to four training ins�tu�ons:

· Kitwe Voca�on Training Centre (KVTC) – 3 x engines and 1 x

air filter/housing

· Northern Technical College (NORTEC) – 2 x engines

· Luanshya Technical and Business College (LTBC) – 2 x

engines, 1 x air filter/housing and 1 x differen�al and carrier assembly

· Technical and Voca�onal Teachers College Management

(TVTC) – 3x hydraulic pumps, 1 x hydraulic cylinder, 1 x gear control

valve and 3 x hydraulic pressure gauges.

Sandvik's involvement at these ins�tu�ons goes beyond the

dona�on of equipment. However, Munsaka says it is important to

take a holis�c approach to corporate social responsibility, which

could involve the alloca�on of human resources and facili�es.

Sandvik's Technical Training Academy has also encouraged these

ins�tu�ons to reach out to the Technical Training Academy for

training on how to operate the equipment donated should they

require assistance.

In summary, Sandvik is currently involved in the following ways at

these ins�tu�ons:

· KVTC and TVTC – students receive an industrial tour of the

Sandvik facility. This is mainly focused on the workshop facili�es and is

applicable to students who will gain first-hand experience that will

supplement the theore�cal component of the course material

presented at their learning ins�tu�ons.

· NORTEC and LTBC – Commonly, Sandvik hosts students in

the field of HER (heavy equipment repair) and electricians on

a�achments (internship) for three to five months. The company also

From left to right: Moward Musutu, Business Controller for Sandvik Central Africa, handing one of the spray pumps to the Kitwe City Mayor, Christopher Kang'ombe.

Copperbeltkatangamining.com | July - August 202120

uses the opportunity to enrich its own human

resources by selec�ng the highest performing

students (on a�achments) to work for Sandvik

at a later date.

“We are very grateful for the support Sandvik

has rendered to this college with the dona�on

of equipment and we par�cularly appreciate

the opportunity given to us to expose our

degree students to hydraulic prac�cals at

Sandvik's workshops in Kitwe,” says M.

Malanga, HOD – Design and Technology

Teacher Educa�on at the Technical and

Voca�onal Teachers' College Management

Board.

Chrispin Kakoma, Ac�ng Principal at Kitwe

Voca�onal Training Centre was equally

apprecia�ve. “The three engines Sandvik has

donated to our ins�tu�on could not have

come at a be�er �me. They will go a long way

in enriching the course por�olio as this will

reduce the gap between our graduates'

performance and industry's expecta�ons. On

behalf of the Ministry of Higher Educa�on,

KVTC management and staff and the student

populace at large, I would like to express our

gra�tude to Sandvik for going the extra mile in

their input. Sandvik is a shining example to the

corporate world and its corporate social

responsibility programme is exemplary.”

Northern Technical College Training Manager,

Mar�n Kasonso, commended Sandvik for its

role in bridging the gap between training and

industry requirements. “Sandvik is one of our

biggest corporate partners whose partnership

has grown over the years. We are grateful to

have been picked as one of their beneficiaries

and for the con�nued support to our

ins�tu�on, par�cularly the dona�on of the

two Mercedez Benz engines which will help

our students acquire prac�cal training

needed.”

Dr Samuel Moyo, Principal at Luanshya

Technical and Business College (LTBC) added

that the items donated are adding great value

to training as they are not only being used as

training aids but are u�lised prac�cal sta�ons

as well. “Learners are able to physically see the

parts a�er their theore�cal lessons ensuring

the appreciate the prac�cal process applied.”

he concludes.

Kitwe Voca�onal Training Centre (KVTC)

Management Board is a government-owned

ins�tu�on which offers courses in:

1. Heavy equipment repair

2. Automo�ve mechanics

Corporate Social Responsibility

21

3. Metal fabrica�on and welding

4. Mechanical fi�ng

5. Power electrical.

Northern Technical College (NORTEC) is a

quasi-government ins�tu�on administered

by a Management Board. The ins�tu�on has

currently four academic departments:

1. Mechanical

2. Electrical

3. Automo�ve/heavy equipment

repair

4. Applied sciences and business

studies.

The Technical and Voca�onal Teacher's

College (TVTC) provides voca�onal teacher

educa�on in order to service training

ins�tu�ons under the then Department of

Technical Educa�on and Voca�onal Training in

the Ministry of Science, Technology and

Voca�onal Training.

Luanshya Technical and Business College

provides courses in:

1. Electrical engineering

2. Automo�ve mechanics

3. Heavy equipment repair.

For more informa�on, please contact:

Mutale Chilufya

Marke�ng Specialist, Central Africa

T e l : + 2 6 0 2 1 2 2 4 1 0 0 0 , E m a i l :

[email protected]

Copperbeltkatangamining.com | July - August 2021

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Copperbeltkatangamining.com | July - August 202122 Copperbeltkatangamining.com | July - August 202122

Corporate News

amoa Copper has appointed Société Générale de Surveillance (SGS)

KCONGO S.A., an accredited laboratory service provider for on-site analytical services. SGS is the world's leading inspection, verification, testing

and certification company and is headquartered in Geneva, Switzerland. The new assay laboratory is equipped with state-of-the-art equipment. Results for various mine, exploration and processing sample types will be reported using a wide range of analytical techniques that are specifically selected to provide accurate and precise results within the time required to efficiently control concentrator and mine processes.

Process control samples will be analyzed using portable x-ray fluorescence (pXRF) devices with a quick turnaround time for concentrator plant monitoring and control. Metal accounting samples will be analyzed by using two simultaneous ICP-OES multi-element instruments. The dual measurement mode of the ICP-OES instrumentation enables the analysis of critical elements such as mercury, arsenic, lead, etc., by providing high measurement sensitivity while the combination of two-sample digestion methods (fusion and acid digestion) will cover a wide range of analytic levels.

The high-grade copper samples will be analyzed using classical iodide titration method, which provides good accuracy and precision that is required for the dispatch samples. Convenient and flexible potentiometric auto titrators provide efficient and accurate results that are fully traceable to international methods and standards.

23

KAMOA COPPER SA APPOINTS SGS CONGO FOR ON-SITE ANALYTICAL SERVICES

Copperbeltkatangamining.com | July - August 2021

ARK Bristow, CEO of Barrick MGold, said he expected "real

change" in the regulatory and

poli�cal environment of the Democra�c

Republic of Congo (DRC) following the

forma�on of "a true" coali�on government

in the country.

DRC president, Felix Tshisekedi, formed a

new cabinet in April signalling that the

balance of power in the central African

country may have shi�ed. Previously, the

cabinet reflected the influence of the former

head of state, Joseph Kabila.

"I think we will land on a proper set of

legisla�on and allow investors to get money

out of the country," said Bristow, adding that

"engagement" on a controversial Mining

Code promulgated under Kablia in 2018 "had

already started".

"We also get to meet with Felix Tshisekedi any

�me we need to talk to him," said Bristow.

Barrick's recent track-record with the DRC

has been far from perfect. The company has

been trying for nearly two years to extract its

$500m share of profits generated by Kibali

Goldmines SA, a joint venture which it holds

with AngloGold Ashan�.

It has also faced disrup�on in the joint

venture from SOKIMO (Societe Miniere de

Kilo-Moto) which has a 10% stake in Kibali

Goldmines. It filed a financial claim with the

commercial court in the DRC's Kinshasa

during April saying it was owed $1.1bn in

unpaid dividends and other funds.

Barrick described the court ac�on as an

a�empt to "… extort certain benefits from

the company". Said Bristow this week: It is of

no real importance. Just ignore it. The court

"There has been no new net investment in

the DRC since the mining code was brought

into being and now we've got charging

mineral prices," said Bristow.

The DRC is one of the world's largest copper

producers. The price of the metal surged

through $10,000/t again this week – its

highest level in about a decade – a�er fresh

supply side concerns developed in Chile.

The DRC's mining code drew cri�cism from

miners at the �me of its being passed into

law. Mining firms said it disregarded

stabilisa�on clauses in the previous code by

immediately upping export du�es on the

base and precious minerals produc�on.

Bristow said the newly elected prime

minister of the DRC (Jean-Michel Sama

Lukonde) was "a real deal guy. We met with

him about 10 days ago."

Corporate News

BARRICK GOLD OPENS DISCUSSION

WITH DRC GOVT. ON CONTROVERSIAL

2018 MINING CODE

IM-listed Red Rock Resources Awill soon begin a dri l l ing programme at its Luanshimba

License in the Democra�c Republic of Congo (DRC), which contains copper and cobalt targets.

Red Rock resources owns 80% of the Luanshimba project, which is situated 65 km south-east of the provincial capital of Lubumbashi in Haut-Katanga, in a 420 hectare prospec�ng license in the Congolese Copperbelt.

Rubaco SARL have been engaged to carry out a 2 000m Reverse Circula�on drill programme comprising 20 holes, with an op�on to extend to 3 000 m

Progressing Luanshimba has been carried out under the supervision of

security office is nearing comple�on and work is beginning on preparing drill access and drill pads

Red Rock Chairman Andrew Bel l c o m m e n t e d , " R u b a c o h av e t h e experience and reputa�on we were looking for in a drilling partner in Katanga, and we look forward to working with them. This programme is designed to penetrate below the normal water table and detect any supergene enrichment, and in June we expect to encounter suitable ground condi�ons and achieve good drilling recoveries.

The results from the geochemical and geophysical work we have carried out, and our interpreta�on of structure, mean that we approach this drilling with

Minex Consul�ng SARL and the pre-drilling phases have been completed or are near comple�on.

Thus far, highlights of the project include:

70.72 Line-kilometres of magne�c data was collected in December 2020 by a ground survey conducted on north-south lines with a 100 m line spacing;

Ronacher McKenzie Geoscience of Sudbury, Ontario processed and interpreted the ground magne�c data during January 2021

An IP and resis�vity programme across the three target areas has been completed and is being analysed

Construc�on of a camp, water well and

DRILLING PROGRAMME IMMINENT

AT LUANSHIMBA – DRC

Copperbeltkatangamining.com | July - August 202124

Corporate News

operators. The cer�fica�on is aimed at increasing efficiency, produc�vity, and overall success of the mining sector by standardising operators' proficiency. So far, over a thousand cer�ficates in the opera�on of drill rigs, excavators, trucks and various ancillary equipment have been issued to Zambians through this programme.

About First Quantum Minerals LtdFirst Quantum Minerals Ltd is a global metals and mining company producing mainly copper, gold and zinc. The company's assets are in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argen�na and Peru.

In 2020, First Quantum globally produced 779,000 tonnes of copper, 265,000 ounces of gold and 13,000 tonnes of nickel.

In Zambia it operates the Kansanshi mine – the largest copper mine in Africa by produc�on – and smelter and the Sen�nel mine in Kalumbila.

The company is listed on the Lusaka and Toronto stock exchanges.

h�p://www.first-quantum.com

"Improvements in haul road management techniques have yielded posi�ve results in terms of safety, truck speeds, tyre life, and reduc�on in trolley faults," said First Quantum Mining and Opera�ons Project Manager, Colin Du Plessis.

Tyre life as a func�on of road condi�ons has increased from an average of 6,000 hours in 2018 to 7,500 hours in 2020 – a 25% improvement equivalent to US$5 million a year that the mine can invest in future projects, he explained

And in excep�onal circumstances tyres have been known to last 10,000 hours thanks to the a�en�on paid to the haul roads.

To complement the achievements made in road maintenance, First Quantum has priori�sed operator training to op�mise produc�vity without compromising safety.

The mining firm views skills training as an opportunity to expand the knowledge base of its employees while also helping secure the country's skilled labour pool for future investments.

In 2019, FQM introduced Zambia's first-ever cer�fica�on for heavy equipment

OLWEZI, ZAMBIA – Investment in Sdesign and management of its haul road network has reduced annual

spending on the haul fleet at First Quantum Minerals' Kansanshi Mine by US$5 million.

Good pit road maintenance has reduced damage to the tyres – worth US$31,000 each – on its fleet of 82 massive US$3.8 million haul trucks that move 10 million tonnes of copper ore and waste rock to crushers, stockpiles and dumps every month.

Roads are a cri�cal component to a mine's produc�vity as they facilitate movement of waste and ore. A bad road network can lead to frequent breakdowns in the mine 's fleet , nega�ve ly affec�ng opera�ons, for which efficiency is crucial to ensure profitability.

Innova�on and world-class systems have helped FQM develop road maintenance prac�ces to improve this aspect of its hauling opera�on.

Since most haul roads both within and outside the pit are unpaved and used by heavy mining equipment, they need special care and maintenance to remain in op�mal condi�on.

25

FQM HAUL ROAD INVESTMENT SAVES $5M IN TYRE WEAR

Copperbeltkatangamining.com | July - August 2021

occurred in the absence of an instalment

payment plan agreement.

Damage caused by an uninsurable peril.

If the insurer believes one has acted

fraudulently in some way.

Non-disclosure of relevant informa�on

when taking up a policy may lead to the

claim being repudiated or rejected.

Damage is not caused by a disaster

Speaking to Copperbelt Katanga Mining, Mr

Mudenda further highlighted the impact of

Covid19 on business opera�ons and said,

''Just like any other business, Covid 19 has

had a significant impact towards Insizwe.

However, the pandemic has taught us a

valuable lesson – to be resilient in these

�mes. The client's needs have not changed,

but what has is the client's behaviour. We

have learnt to use our digital channels more

o�en in our approach. By constantly

engaging with our clients online during the

pandemic, we were able to con�nue to build

exis�ng rela�onships and even win new

clients through online adver�sing and

referrals.'’

For more details visit:

h�p://insizweprivatebrokers.com, email:

[email protected] or call: +260 211 377822/

23

Poli�cal Risk

Group Personal Accidents cover

Group Life Assurance cover

Public Liability cover – with cover extending

to Environmental liability

Employers Liability

Medical & Evacua�on cover

Travel Insurance

Motor vehicle insurance

Motor vehicle special types insurance

(Ambulances, Excavators and loaders)

Avia�on cover

Business Interrup�on

Fire and Allied Perils cover

Assets All Risks cover

Professional Indemnity cover

Burglary cover

Fidelity guarantee

Goods In Transit cover

Hauliers Liability cover

Boiler and Pressure vessel cover

Insizwe is a ''Hustle Free'' company because,

in an event that a client has a claim, and

provided that full claim documenta�on has

been submi�ed, the average dura�on is 14

working days for the claim to be discharged,

and an addi�onal 3 working days to receive

the claim se�lement payment.

However, clients need to be aware that

there are a number of circumstances that

may lead to a claim not to be honoured or

benefits not to be paid out, such as;

Payment of premiums a�er loss has

It is important for mining companies to have

good analysis of best suited insurance

alterna�ves at their disposal to mi�gate

mining risks. Situated in Lusaka Zambia but

servicing the mining industry in DRC and

Zambia, Insizwe Private Brokers helps

mining companies iden�fy risks that are

involved in mining and offer solu�ons on

how best one can mi�gate these risks.

Insizwe helps to nego�ate compe��ve

terms with different Insurance providers to

obtain a wider range of covers at a more

compe��ve price to meet the risk needs and

budget of the client.

"We know that mining companies do face

various risks that can hinder them from

further produc�vity and improvement.

Since we deal with various insurance

companies, we are able to recommend to

the client an insurance company that is

capable of covering the iden�fied risks,"

says the company CEO, Mr Maybin

Mudenda.

"Our core values are aimed towards making

the client sa�sfied with the solu�ons we

provide. More specifically, we have great

brokers working together �relessly to make

this happen. This approach makes Insizwe

Private Brokers a more flexible, friendly,

collabora�ve and successful company."

Insizwe Private Brokers offers the DRC and

Zambia's mining sector the following

insurance packages among others;

Plant All Risks cover

Machinery Breakdown cover

Machinery Breakdown loss of profits cover

Copperbeltkatangamining.com | July - August 2021026

Corporate News

IDENTIFYING

AND MITIGATING MINING RISKS

– INSIZWE PRIVATE BROKERS

IDENTIFYING

AND MITIGATING MINING RISKS

– INSIZWE PRIVATE BROKERS

Online Training, Virtual Training & Online Audits

ISO 45001:2018 | ISO 14001:2015 | ISO 9001:2015

We have virtual training, online training and online audits besides our normal onsite solutions to enable you reach your organisation targets, cost effectively. Our training covers awareness, implementation and internal auditor training for Environmental Management System (ISO 14001:2015), Occupational Safety & Health Management System (ISO 45001:2018), Quality Management System (ISO 9001:2015), Integrated Management System (IMS) among many other standards and courses.ISO 9001:2015

ISO 14001:2015

ENVIRONMENTALMANAGEMENT

ISO 45001:2018

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MANAGEMENT

Contact us today: [email protected]@smartcontactsafrica.com | +260 977174396

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