McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.
Congo Mining News
Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.
It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo.
WHO: Risk of international spread of deadly disease from Congo, responsible for 66% of global supply of critical battery raw material, is "very high".
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.
The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire.
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.
The Minister of Mines will work with the inter-ministerial commission ahead of presenting the 2018 Mining code to government for approval.
A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution.
Seven mining companies submitted a proposal to the Mines Ministry insisting that the government reinsert a stability clause, contained in the 2002 code.
The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.
Congo accounts for around 60 percent of global supply - estimated at around 110,000 tonnes this year.
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'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.
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.
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.
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.
Gertler, who is the subject of U.S. sanctions, is owed some royalties by Glencore, but the London-listed company disputes the amounts claimed.
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.
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.
Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion.
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.
Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines.
High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world’s largest source of cobalt.