The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
Democractic Republic of the Congo Mining News
The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.
Last year, the country's cobalt production accounted for just over half of the world's output.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Faced with declining domestic production, China's top copper company — Minmetals — said earlier this year that the "only solution” was going overseas, and many are following its steps.
Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups, a new report shows.
Fewer than 3,800 Grauer gorillas still live in the wild, down from 17,000 in 1998 due mainly to illegal mining for coltan and other minerals, a report shows.
The company had suspended operations last year, but work on maintenance and an $880 million modernization project to cut costs at the site was ongoing.
The casualties were carrying out maintenance at the bottom of the 250-metre pit.
Causes of the wall collapse at the open pit KOV mine are still unclear.
The miner intersected multiple potash seams at the second exploration drill hole at its Lac Dinga potash project.
Most of the world’s cobalt is mined in Africa and the majority of Africa’s cobalt comes from the Democratic Republic of Congo.