Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said. Many […]
Democratic Republic of Congo Mining News
The companies have just resigned from the Congolese Chamber of Commerce.
Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
The President has 15 days from the time parliament sends him the bill to either sign it into law or return it to parliament for further deliberation. If he takes no action, the bill automatically becomes law.
Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties.
DRC tried to strike more conciliatory tone after week of heated exchanges between Africa’s top copper producer and some of its largest foreign investors.
The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers.
Randgold boosted divvy to $2 a share, after a year of record production and soaring profits, but warned the good times may be over soon as it’s now facing demanding new regulations in Congo, one of its key jurisdictions.
Mark Bristow says the law will “severely limit the growth of the mining industry in the DRC as well as the country's own economic prospects.”
The Katanga mine in Democratic Republic of Congo likely to add roughly 150,000 tonnes of copper and 11,600 tonnes of cobalt in 2018.
Mine is on track to produce its target of 700,000 ounces of gold in 2018.
The engine that drives his confidence comes in the form of electric vehicles.
Firm is developing open platform that traces diamonds from mine to buyer.
RNC Minerals in talks with commodity traders, mine operators and financiers to secure $1bn to build world's biggest nickel and cobalt project next year.
Ivanhoe Mines and Zijin virtually triple hydroelectric output to support the Kamoa-Kakula Copper Project
Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.
Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.
The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.
Statement by Amnesty International says while Apple is first company to publish names of its cobalt suppliers, other electronics brands made little progress.
Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.
The Canadian miner said measure was taken after violent groups blocked main road to the mine, which has prevented essentials from reaching the operation.
While the kidnapped drivers have been released it’s still uncertain where they are and what happened to their trucks.
The company also evacuated all of its employees at Namoya mine after trucks belonging to a contractor were caught in crossfire between soldiers and a local self-defence militia.
Company will make final decision on its development by mid next year.
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.