Starting next year, it will demand firms that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit.
Coltan Mining News
"The church but the entire world is worried about the environmental degradation that unregulated mining activities are causing in the Bolívar and Amazonas states."
The companies have just resigned from the Congolese Chamber of Commerce.
Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.
Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.
Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?
Rampant violence and corruption are the norm in the mines of the southern Guayana region.
The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.
New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.
Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.
The new law, which will come into force in 2021, requires importers to ensure their business do not contribute to armed conflicts.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.
Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.
Last year, the country's cobalt production accounted for just over half of the world's output.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Faced with declining domestic production, China's top copper company — Minmetals — said earlier this year that the "only solution” was going overseas, and many are following its steps.
Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups, a new report shows.
Fewer than 3,800 Grauer gorillas still live in the wild, down from 17,000 in 1998 due mainly to illegal mining for coltan and other minerals, a report shows.