A settlement over an investigation into its accounting, the two sides said, without disclosing the terms of the settlement.
Congo Mining News
The DRC has a stranglehold on crucial battery material cobalt, but central African nation also has potential to become major lithium player.
Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt
Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.
Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.
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.
Relations with Congolese authorities have grown increasingly strained in recent months as the government pushes for foreign investors to contribute more.
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
Although Katanga said that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled.
“They are taking unilateral decisions that we haven’t verified, that we haven’t certified” - Gecamines President, Albert Yuma
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.
Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.
The temporary suspension comes as Katanga found excessive levels of uranium in the mine's ore.
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.
Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.
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.
He is said to have already begun training three to four people to succeed him in the job.
They hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer.
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.
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.
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.
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.
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.
The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.
Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.