Congo Mining News

Acid truck spill kills 20 near Glencore Congo mine

The accident occurred about 50 kilometres (31 miles) from the copper and cobalt mine in the southeast of the country.

Glencore plans new buyback as trading profit disappoints

“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”

ERG will suspend copper, cobalt output at Congo mine this month

Operations are being suspended while a feasibility study is conducted on building two processing facilities to treat ores at the site.

Glencore to cut output, jobs at copper, cobalt mine in Congo – WSJ

The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.

Friedland confident Congo copper mine will be world’s second-largest

The founder of Ivanhoe Mines said the Kamoa-Kakula project is “on track to become one of the absolute greatest copper mining complexes in the world.”

Glencore keeps 2019 guidance after copper, cobalt output jumps

Production of cobalt, used in batteries for EV's, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes.

Glencore tightens grip on Congo mining unit as scrutiny sharpens

Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.

China Moly ups stake in giant Tenke copper mine to 80%

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

Ford to lead blockchain pilot that traces cobalt mined in Congo

The carmaker will use a blockchain-based platform to trace supplies of cobalt from a Chinese-owned mine in the Congo for the batteries in its electric cars, in an effort to ensure they are not linked to human rights abuses.

Congo election results delayed past Sunday deadline

Government has delayed the release of provisional results from last week’s presidential election as criticism of the country’s handling of the vote grew.

Investment in cobalt is fraught with problems and is unlikely to bring about long-term dividends

Global demand for cobalt is rocketing, with the rate of annual increase now at 8-10%.

The mining world watches as Congo counts votes for next leader

The Democratic Republic of Congo is in uncharted waters as the nation awaits election results marking the end of President Joseph Kabila’s rule.

Congo slashes cobalt output estimate for Jan-Sept 2018

The revision means that output of cobalt rose 35.9 percent compared to the same period in 2017, rather than 92.5 percent as the bank said previously.

New era for Barrick Gold begins

Barrick now trades as GOLD in New York and continues as ABX in Toronto.

Ballots replace bullets as mineral giant Congo holds vote

This weekend, the vast central African nation is banking on a new method: the ballot box.

Glencore's Katanga says it agreed settlement in Canadian probe

A settlement over an investigation into its accounting, the two sides said, without disclosing the terms of the settlement.

This Congo project could supply the world with lithium

The DRC has a stranglehold on crucial battery material cobalt, but central African nation also has potential to become major lithium player.

Congo triples levy on cobalt with strategic-minerals decree

Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt

Congo state miner in production-sharing deal with Chinese firm

Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.

Management shake-up at Glencore costs copper chief Mistakidis his job

Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.

BMW joins project to improve conditions for cobalt mining in Congo

Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries.

Congo plans to audit Glencore unit's cobalt over uranium levels

Relations with Congolese authorities have grown increasingly strained in recent months as the government pushes for foreign investors to contribute more.

Barrick Gold eyes more copper assets in Congo – executive

Barrick Gold is interested in buying more copper mines in the Democratic Republic of Congo (DRC) - Incoming COO of Africa and the Middle East region

Glencore's Katanga warns of earnings hit if Congo row not resolved

Although Katanga said that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled.

Congo state miner wants meeting over Katanga cobalt-export

“They are taking unilateral decisions that we haven’t verified, that we haven’t certified” - Gecamines President, Albert Yuma