Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal.
Democratic Republic of Congo Mining News
Copper production in Democratic Republic of Congo, Africa's top producer, is expected to rise.
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.
AngloGold Ashanti Ltd.’s new CEO, Kelvin Dushnisky, said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets.
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.
The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.
Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it’s expected to close on Sep. 19
The turnaround in performance was mainly the product of increased output, reduced net debt and lower-than-expected restructuring costs.
Some of the latest battery technologies may become obsolete before reaching the market because of the breakneck pace of advances in the industry.
Randgold Resources is not yet paying the higher royalties and taxes required by the Democratic Republic of Congo's new mining code as the gold miner is still negotiating with the government.
For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
Democratic Republic of Congo President Joseph Kabila is meeting members of his ruling coalition to discuss who will be its candidate in presidential elections this year.
A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months.
As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.
DRC's Kibali is moving from underground mining by contractors to owner-mining, as has already happened at the company’s Loulo mines in Mali.
Labour action has brought gold production to a halt.
Starting next year, it will demand firms that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit.
Junior miners exploring for cobalt in the DRC reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed.
Conamix’s technology is intended to reduce the cost of batteries used for electric vehicles and grid storage.
After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.
CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.
Code sets Congo on collision course with mining firms.
Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.
The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation.
The mining companies insist the government reinsert a stability clause, present in the former code.