Democratic Republic of Congo Mining News

Militia kills five in attack on Banro Corp's east Congo gold mine

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.

Electric vehicles seen driving cobalt crunch by mid-2020s

Demand for electric vehicles, using cobalt in batteries, could spark a deficit of cobalt as soon as 2022.

Chinese battery firms join Responsible Cobalt Initiative

German car manufacturer Daimler also joined the RCI last month.

World's No. 1 diamond jewellery retailer joins De Beers tracking pilot

Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.

De Beers tracks first 100 diamonds through supply chain using blockchain

The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.

Glencore's Congo mining conundrum

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.

Randgold expects Kibali gold output to rise thanks to automation

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.

DRC miners hopeful new code issues can be resolved

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.

De Beers launches Sierra Leone-based pilot to remove ‘conflict diamonds’ from the market

The world’s top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond “toolkit” to digitally track their stones throughout the supply chain.

Chinese investors key as cobalt price hits month low

Cobalt27 CEO lines up Chinese automaker deals, ponders HK listing: “There is a lot of interest and it is natural because it is where all this will happen”.

Local media report 40 people killed at DRC mine

The accident has been reported by different local websites.

Randgold Resources Tongon mine in Ivory Coast hit by strike

Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.

Investment in Africa’s mining sector to rise: BMI

BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.

Randgold reports record year

At year-end, the company had net cash of more than $700 million and no debt.

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Mali says negotiating mining code revision but could act unilaterally

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 […]

Big miners arrive in the DRC to go over new mining code

The companies have just resigned from the Congolese Chamber of Commerce.

Cobalt to be declared a strategic mineral in Congo

Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Congo's Kabila yet to sign new mining code as deadline nears

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.

Ivanhoe boss said he’d pay higher taxes in Congo if it benefits locals

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.

Congo seeks to soothe miners while holding course on changes

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.

Congo seeks more cobalt market control as batteries drive boom

The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers.

Randgold doubles dividend as CEO charges against DRC mining code

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.

Randgold calls Congo’s new mining code “draconian”

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.”