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DRC: KCC reluctantly resumes the export and sale of its cobalt

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KCC

Kamoto Copper Company (KCC) has timidly resumed the export and sale of its cobalt since April 25, 2019. This marketing has been suspended since November 2018 because of the detection of uranium, at levels exceeding the acceptable limit, in the cobalt hydroxide produced by this joint venture owned 25% by Gécamines and 75% by the Glencore group through its Congolese subsidiary Katanga Mining.

This timid recovery concerns a limited amount of cobalt certified compliant with both national and international transport regulations on uranium levels.

“The low levels of radioactivity detected to date in uranium pose no risk to health and safety. With interim operational solutions, as of March 31, 2019, KCC had generated approximately 930 tonnes of cobalt contained since January 2019, which complied with applicable regulations. This represents about 22.5% of total cobalt production since January 2019, “said an official statement on April 29, 2019.

However, says the company, this recovery in exports remains subject to change based on the DRC’s regular export procedures, which include ongoing monitoring by CGEA and the relevant mining authorities.

The two partners in this joint venture, namely Katanga Mining and Gécamines, are continuing their collaboration with the DRC Ministry of Mines and the Congolese Atomic Energy Agency (CGEA) on a long-term technical solution, which aims at installation of an ion exchange plant.

“Subject to (i) obtaining the necessary authorizations for the ion exchange plant and (ii) completion of a feasibility study including the detailed technical design of this plant, construction should begin in Q2 2019 and last about 9 months. The purchase of long lead items for the ion exchange plant has been approved by the boards of directors of the Company’s and KCC’s partners, “the statement said.

In the meantime, KCC also continues to explore various alternative interim solutions, both operational and regulatory, to enable it to resume the export and sale of a significant amount of cobalt.

In the fourth quarter of 2018, KCC announced the temporary suspension of the export and sale of cobalt due to the presence of detected uranium in cobalt hydroxide at levels exceeding the acceptable limit for export of the product through major African ports.

In addition, KCC’s first quarter 2019 statistics confirm that the number of copper cathodes has reached 57,175 tonnes to date, compared to 49,770 tonnes in the fourth quarter of 2018. As for cobalt hydroxide, it is from 4 646 tonnes in the fourth quarter of 2018 to 3 511 tonnes in the first quarter of 2019.

Eric TSHIKUMA

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Dikembe Mutombo, NBA legend, passes away at age 58

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The NBA is mourning the loss of one of its greatest defensive icons. Dikembe Mutombo, the former 7-foot-2 center, passed away at the age of 58 due to a brain cancer, as reported by The Athletic on Monday, September 30.

A defensive record-holder

Born in the Democratic Republic of Congo, Mutombo left an indelible mark on the NBA with his exceptional defensive skills. During his career, he won the Defensive Player of the Year award four times (1995, 1997, 1998, 2001), a record he shares with Ben Wallace and Rudy Gobert. Gobert, in achieving this feat, highlighted the legacy Mutombo left on the game.

 

Drafted in 1991 by the Denver Nuggets, Mutombo went on to play for several notable teams, including the Atlanta Hawks, Philadelphia 76ers, New Jersey Nets, New York Knicks, and finally the Houston Rockets, where he retired in 2009.

 

A life of commitment beyond basketball

 

Although Mutombo never won an NBA championship, with two finals losses (in 2001 with the 76ers and 2003 with the Nets), he was inducted into the Hall of Fame in 2015. Beyond his impressive sports career, he dedicated his life to humanitarian efforts, particularly in Africa. He worked tirelessly to develop basketball across the continent and to help those in need.

NBA Commissioner Adam Silver praised his contributions in a statement: “Dikembe dedicated his life to helping others. He was not only a great player but also a global ambassador for basketball and a humanitarian. His commitment to the community, especially in his native Congo, will be forever remembered.”

Mutombo’s legacy continues to inspire generations of players and humanitarians around the world.

ZoomEco

 

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World: 83% of the non-electrified population live in Africa

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Africa is home to 83% of the world’s non-electrified population. A thundering paradox, given the continent’s immense hydroelectric potential.

The continent faces a shortage of affordable, reliable and sustainable energy. A think tank dedicated to the development of long-term public and energy policies points out that this is holding back the momentum of individuals and companies alike.

According to the experts, the pace of electrification needs to triple in order to absorb this deficit, rethink several economic models, and put Africans on the path to prosperity.

Dynamic project vehicles on the move

The World Bank Group has pledged to connect 250 million people to electricity, while the African Development Bank (AfDB) will do the same for a further 50 million.

The World Bank Group’s investments are already providing the impetus needed to reach the target, illustrated in its ambitious “Mission 300” program.

East Africa

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DRC: Egyptian Ambassador Hesham El Mekwad pays a courtesy visit to ANAPI

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On Thursday September 25, 2024, Bruno Tshibangu Kabaji, Managing Director of the Agence Nationale pour la Promotion des Investissements (ANAPI), and Hesham El Mekwad, the Egyptian ambassador accredited to the Democratic Republic of Congo, exchanged views on investment and trade issues.

The Egyptian diplomat was accompanied by Adham Thabet, development cooperation advisor at the Embassy of the Arab Republic of Egypt.

Discussions between the two personalities focused in particular on the role of ANAPI as the body responsible for supporting investors in the DRC.

While stressing the need to increase economic and commercial cooperation between Egypt and the DRC, the two parties encouraged Egyptian investors to step up their presence in several fields in the DRC, notably energy, transport, infrastructure and agriculture, fisheries and livestock.

With this in mind, the Egyptian Ambassador expressed the wish to establish regular contacts with ANAPI to support this mutual ambition.

Nadine FULA

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