Congo Mining News

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

Ivanhoe Mines shares jump as it finds new copper-rich area in Congo

Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.

Cobalt prices could rally 30% by mid-2019

Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.

Glencore’s Congo unit halts cobalt exports from Kamoto mine

The temporary suspension comes as Katanga found excessive levels of uranium in the mine's ore.

Barrick, Newmont said to be in talks to merge Nevada operations

Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.

World’s two top diamond miners join forces to test blockchain pilot

Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.

Barrick could trade copper mines for gold ones to expand Tier 1 assets

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

Congo miners seek concessions in new code as arbitration on hold

They hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer.

Congo miners buying cobalt from artisanal operators to balance market

Experts say that, when done correctly, artisanal mining can be an ethical source of low-cost, high-grade cobalt and a key mechanism in keeping the market balanced during times of supply shortage.

Ivanhoe Mines soars on third major copper discovery in Congo

The find, named Makoko, was the first of multiple high-potential target areas identified by the company’s exploration team to be tested by drilling.

Congo-owned Sokimo may hinder transfer of Kibali mine to Barrick

The state miner warned it would "assert its rights" in Barrick Gold's acquisition of Rangold's stake in the Kibali mine, but did not provide details of its plans.

Barrick to buy Randgold for $18.3B forming giant global gold miner

The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.

Congo expects declaration on strategic metals by end of October

Companies including Glencore, China Moly and Randgold Resources Ltd. have criticized the new laws as violating their rights, as well as being a deterrent to future investment, and are continuing to lobby for it to be significantly modified.

Glencore, China Moly face higher cobalt royalty taxes in Congo

The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.

Congo mines minister sees strategic metals decision 'very soon'

Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.