Democratic republic

ALPHAMIN ANNOUNCES Q1 EBITDA GUIDANCE OF US$52 MILLION/ MPAMA SOUTH COMMISSIONING UPDATE

Retrieved on: 
Tuesday, April 9, 2024

Forward-looking statements contained herein include, without limitation, statements relating to EBITDA and AISC guidance for Q1 2024; commissioning of the Mpama South processing plant; progress regarding underground development of the Mpama South project and the timing of the expected consideration of a final FY2023 dividend.

Key Points: 
  • Forward-looking statements contained herein include, without limitation, statements relating to EBITDA and AISC guidance for Q1 2024; commissioning of the Mpama South processing plant; progress regarding underground development of the Mpama South project and the timing of the expected consideration of a final FY2023 dividend.
  • Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made.
  • There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
  • Net debt is defined as total current and non-current portions of interest-bearing debt and lease liabilities less cash and cash equivalents.

Global Africa Business Initiative announces plans for Unstoppable Africa 2024 flagship event in New York

Retrieved on: 
Tuesday, April 2, 2024

New York, United States of America, April 02, 2024 (GLOBE NEWSWIRE) -- Building on the resounding success of its flagship event Unstoppable Africa in 2022 and 2023, the Global Africa Business Initiative (GABI) is pleased to announce its plan to convene leaders from business, government and the United Nations in 2024.

Key Points: 
  • New York, United States of America, April 02, 2024 (GLOBE NEWSWIRE) -- Building on the resounding success of its flagship event Unstoppable Africa in 2022 and 2023, the Global Africa Business Initiative (GABI) is pleased to announce its plan to convene leaders from business, government and the United Nations in 2024.
  • Unstoppable Africa will return to Cipriani’s in New York on 25 and 26 September 2024 on the sidelines of the 79th session of the UN General Assembly.
  • “Now in its third year, the Global Africa Business Initiative is maturing into a year-round private sector-led initiative.
  • For more information on the Global Africa Business Initiative, visit the website .

Fortune Minerals Announces Arrival of Samples at SGS Canada in Lakefield, Ontario for Metallurgical Testing

Retrieved on: 
Monday, April 8, 2024

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (“NICO Deposit”) in the Northwest Territories (“NWT”) to SGS Canada Inc. in Lakefield, Ontario.

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (“NICO Deposit”) in the Northwest Territories (“NWT”) to SGS Canada Inc. in Lakefield, Ontario.
  • Development of the NICO Project would provide a North American supply of three Critical Minerals needed for the energy transition, new technologies, and growing green economy.
  • These will be blended with Fortune test products at SGS Canada Inc. to validate the recovery of the contained metals using the Alberta Refinery metallurgical flow sheet.
  • The JFSL site is an ideal location to construct the Fortune refinery and expand the Edmonton area as a Critical Minerals processing hub in western Canada.

Nine out of 10 kids are not developmentally on track in literacy and numeracy – study of 8 African countries

Retrieved on: 
Tuesday, April 9, 2024

This may explain why the region has the lowest proportion of children who are developmentally on track when it comes to literacy and numeracy.

Key Points: 
  • This may explain why the region has the lowest proportion of children who are developmentally on track when it comes to literacy and numeracy.
  • Recently, I set out with a colleague to assess how children in eight west African and central African countries were faring in this regard.
  • Only about one in every 10 children (11.9%) in our sample were developmentally on track in literacy and numeracy.
  • For all three activities, children who were developmentally on track were more likely than other children to have interacted with a caregiver.

The data

  • The data was collected between 2017 and 2021 by the Multiple International Cluster Surveys (MICS).
  • This global programme collects nationally representative data on maternal and child health using household surveys.


identify or name at least 10 letters of the alphabet
read at least four simple, popular words in any language
know the name and recognise the symbol of all numbers from 1 to 10.

  • That makes it especially important to study in a sub-region where an estimated 89% cannot read and understand a simple text by the time they are 10 years old.
  • The major takeaway from our study is that cognitively stimulating activities with caregivers matter.

What should be done

  • Caregivers must be taught how important it is to regularly engage young children in these activities.
  • Read more:
    How playing the 'School Game' helps kids on their journey to literacy

    This is particularly important for caregivers without formal education.


Pearl S. Kyei does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Barrick Hunts New Gold and Copper Prospects in DRC From Kibali Base

Retrieved on: 
Wednesday, March 20, 2024

KIBALI, Democratic Republic of Congo, March 20, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Based on the success of Kibali, which Barrick has built into Africa’s largest gold mine, the company is ready to invest in new gold and copper opportunities in partnership with the government of the DRC, says president and chief executive Mark Bristow.

Key Points: 
  • KIBALI, Democratic Republic of Congo, March 20, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Based on the success of Kibali, which Barrick has built into Africa’s largest gold mine, the company is ready to invest in new gold and copper opportunities in partnership with the government of the DRC, says president and chief executive Mark Bristow.
  • It was also well set to replace the ounces that were being depleted by mining with more of the same high quality.
  • “Kibali has transformed what was previously the disadvantaged north-east region of the country into a new economic frontier and a flourishing commercial hub.
  • Meanwhile, Kibali continues its transition to renewable energy with the planned commissioning of a 16MW solar plant and associated batteries in 2025.

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

Retrieved on: 
Tuesday, April 2, 2024

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.
  • (“ERG”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery.
  • The agreement, effective April 1, 2024, supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners.
  • Electra and ERG are exploring further collaboration to de-risk the construction of another cobalt refinery in the Bécancour, Quebec district.

Hult International Business School Breaks GUINNESS WORLD RECORDS™ title for Class Diversity

Retrieved on: 
Thursday, March 14, 2024

Hult International Business School has broken the GUINNESS WORLD RECORDS™ title for the “Most Nationalities in a Business Lesson.” Over 90 members of the Hult community came together at Hult’s Holborn campus in London on March 13, 2024, smashing the minimum of 50 nationalities in one business class to set the record.

Key Points: 
  • Hult International Business School has broken the GUINNESS WORLD RECORDS™ title for the “Most Nationalities in a Business Lesson.” Over 90 members of the Hult community came together at Hult’s Holborn campus in London on March 13, 2024, smashing the minimum of 50 nationalities in one business class to set the record.
  • Students were thrilled to take part:
    “I feel like this was very representative of what’s normal at Hult.
  • In my class alone, we’re represented by at least thirty different nations—and we only have a total of 60 people in our cohort,”—Tomaz Nicolai Diaz, US, Master’s in International Business.
  • All attendees, which included undergraduate and postgraduate representatives, were required to stay for the entire 45-minute class to meet the requirements of Guinness World Records.

Adenia to Acquire 12 Air Liquide Subsidiaries in Africa

Retrieved on: 
Thursday, March 14, 2024

Adenia Partners (“Adenia”), a leading private equity firm that has been making responsible and sustainable investments in Africa for over 20 years, has signed an agreement with Air Liquide, world leader in industrial and medical gases, for the acquisition of 12 of its subsidiaries in West and Central Africa and the Indian Ocean.

Key Points: 
  • Adenia Partners (“Adenia”), a leading private equity firm that has been making responsible and sustainable investments in Africa for over 20 years, has signed an agreement with Air Liquide, world leader in industrial and medical gases, for the acquisition of 12 of its subsidiaries in West and Central Africa and the Indian Ocean.
  • In addition, as part of the transaction, Air Liquide has entered a long-term contract with Adenia for the supply of numerous industrial and specialty gases.
  • These supplies, together with Air Liquide's support in the transition, notably through a technical assistance contract, will complement future investments.
  • Adenia intends to accelerate the growth of this new group by investing heavily in production and storage capacity to better serve its customers."

NESPRESSO WILL INVEST 20 MILLION USD IN DRC TO SUPPORT THE COFFEE GROWING COMMUNITY AND THE REVIVAL OF THE SPECIALTY COFFEE

Retrieved on: 
Wednesday, March 27, 2024

VEVEY, Switzerland, March 27, 2024 /PRNewswire/ -- Nespresso aims to continue to support the local community and economy by investing 20 million USD spent across coffee purchases, price premiums and technical assistance, by 2026 in the Democratic Republic of Congo (DRC), helping to give coffee farmers access to the global markets. The ambition is also to help support fund raising of an additional 20 million USD to support the coffee growing communities in Kivu. This initiative is part of the unique Nespresso Reviving Origins program, founded 10 years ago, aiming to restore coffee agriculture in regions where it is under threat.

Key Points: 
  • The ambition is also to help support fund raising of an additional 20 million USD to support the coffee growing communities in Kivu.
  • This initiative is part of the unique Nespresso Reviving Origins program, founded 10 years ago, aiming to restore coffee agriculture in regions where it is under threat.
  • With the continued investment of 20 million USD in the region, as well as with the ambition to support to raise funds of another 20 million USD, Nespresso aims to continue the work to back the revival of the DRC coffee sector.
  • Finally, since 2020 Nespresso have been collaborating with an impact digital start-up to verify and trace the coffee by harnessing the power technology.

NESPRESSO WILL INVEST 20 MILLION USD IN DRC TO SUPPORT THE COFFEE GROWING COMMUNITY AND THE REVIVAL OF THE SPECIALTY COFFEE

Retrieved on: 
Wednesday, March 27, 2024

VEVEY, Switzerland, March 27, 2024 /PRNewswire/ -- Nespresso aims to continue to support the local community and economy by investing 20 million USD spent across coffee purchases, price premiums and technical assistance, by 2026 in the Democratic Republic of Congo (DRC), helping to give coffee farmers access to the global markets. The ambition is also to help support fund raising of an additional 20 million USD to support the coffee growing communities in Kivu. This initiative is part of the unique Nespresso Reviving Origins program, founded 10 years ago, aiming to restore coffee agriculture in regions where it is under threat.

Key Points: 
  • The ambition is also to help support fund raising of an additional 20 million USD to support the coffee growing communities in Kivu.
  • This initiative is part of the unique Nespresso Reviving Origins program, founded 10 years ago, aiming to restore coffee agriculture in regions where it is under threat.
  • With the continued investment of 20 million USD in the region, as well as with the ambition to support to raise funds of another 20 million USD, Nespresso aims to continue the work to back the revival of the DRC coffee sector.
  • Finally, since 2020 Nespresso have been collaborating with an impact digital start-up to verify and trace the coffee by harnessing the power technology.