Some of the latest battery technologies may become obsolete before reaching the market because of the breakneck pace of advances in the industry.
Democratic Republic of Congo Mining News
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.
Fighting between the Congolese army and a local militia in eastern DRC forced Banro to suspend operations at the Namoya gold mine for a month in mid-2017.
Demand for electric vehicles, using cobalt in batteries, could spark a deficit of cobalt as soon as 2022.
German car manufacturer Daimler also joined the RCI last month.
Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.
The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.
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.
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.
They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.