The first shipment of copper concentrate from the Ivanhoe Mines’ Kamoa-Kakula copper complex arrived by rail at the Atlantic Ocean port of Lobito, in Angola. The first shipment is a part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic International SARL and Kamoa Copper S.A. on August 18, 2023. The rail line, linking the Democratic Republic of the Congo (DRC) Copperbelt to the port
Category: Central Africa
Italy and the EU Strengthen Commitment to Lobito Corridor at the 2024 Italy-Africa Summit
This week’s Italy-Africa Summit witnessed the European Commission and the African Development Bank Group formalizing a €50 billion Financial Framework Partnership Agreement (“FFPA”). This agreement, coupled with Italy’s €5.5 billion strategic partnership unveiled at the summit, signifies a significant commitment to bolstering infrastructure, energy security, and economic development across Africa. 20 African leaders attended the summit, and 45 African states were represented, in Rome, Italy on January 28, 2024. The FFPA marks a 33% increase in