Congo Mining News

Report: Mining needs $100–$150 billion to meet EV demand

McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.

World's No. 1 diamond jewellery retailer joins De Beers tracking pilot

Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.

Glencore goes from crisis to crisis with possible bribery probe

It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo.

Cobalt price: Congo ebola outbreak compounds acute supply fears

WHO: Risk of international spread of deadly disease from Congo, responsible for 66% of global supply of critical battery raw material, is "very high".

Glencore drops as British regulators looming probe adds to Congo issues

Britain’s Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Congo billionaire seeks French loan to develop iron-ore railway

The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire.

UAE trader looking to expand into gold refining in Africa

The group is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic of Congo.

Congo miners continue to press gov’t for code revision

The Minister of Mines will work with the inter-ministerial commission ahead of presenting the 2018 Mining code to government for approval.

Glencore said to seek out-of-court Congo solution with Gertler

A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution.

Randgold hopeful of compromise with Congo over new mining rules

Seven mining companies submitted a proposal to the Mines Ministry insisting that the government reinsert a stability clause, contained in the 2002 code.

De Beers tracks first 100 diamonds through supply chain using blockchain

The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.

Glencore's Congo woes throw spotlight on country's cobalt dominance

Congo accounts for around 60 percent of global supply - estimated at around 110,000 tonnes this year.

AngloGold upbeat on Africa even as mine uncertainty persists

The company is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries.

Congo court temporarily suspends dissolution of Glencore unit

Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.

In response to CNN investigation, car manufacturer Daimler promises to audit cobalt supply 'to the mine'

Daimler has pledged to investigate its supply chain to ensure child labour is not being used to power its electric vehicles.

Glencore's Congo mining conundrum

The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.

Glencore is said to take Congo rift with Gertler to London court

The Swiss miner was granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge’s decision last week to freeze assets at its Kamoto Copper project.

New CNN investigation finds children mining cobalt in Congo

The CNN team witnessed children working at the Musonoie river mine – washing and carrying cobalt ore in sacks – before being chased away by officials. CNN cameras even captured one mining ministry official slapping a child in the face once he realised he was being filmed.

Glencore wins temporary injunction against billionaire Dan Gertler -FT

Gertler, who is the subject of U.S. sanctions, is owed some royalties by Glencore, but the London-listed company disputes the amounts claimed.

Battery metals supply crunch to slow near-term EVs growth — Moody's

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Glencore drops as clash with former partner adds to Congo issues

Shares fell as much as 3.9% after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local units for almost $3 billion in damages.

Congo's state miner seeks to dissolve Glencore venture over debts

Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion.

Randgold expects Kibali gold output to rise thanks to automation

Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.

Glencore's prize cobalt miner is bogged down deeper in Congo

Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines.

Glencore says legal proceedings opened against Congo unit

High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world’s largest source of cobalt.