Ivanhoe can now finance Kakula and Kipushi mine to commercial production, and significantly advance, or achieve, production at the company’s Platreef Project in South Africa.
Democratic Republic of Congo Mining News
The new mining code that Congo passed last year confirmed that subcontracting in the mining industry will be limited to companies of which the majority of capital is held by Congolese.
Commercial production at the tin mine, which is surrounded by dense forest, deeply weathered soils and experiences high rainfall, is expected in the second half of the year.
This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.
Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.
The initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.
A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.
The company produced about 930 tonnes of contained cobalt since January through interim operational solutions.
According to Wood Mackenzie, it is the world's largest, undeveloped, high-grade copper discovery.
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.
Democratic Republic of Congo's mining sector paid $1.57B in revenues to the government last year, up 91% on 2017.
The Ugandan government is making another attempt to reopen a defunct copper mine estimated to contain 4 million tonnes of ore.
In its current form, the epidemic won’t impact the nation’s cobalt production, as the vast distance from the Katanga region largely prevents its spread, says global risk consultancy Verisk Maplecroft.
On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.
The problem, says Amnesty, is that no country legally requires companies to publicly report on their cobalt supply chains.
Adding to the allure was a widely-held view that cobalt supply is constrained.
The meeting comes after relations between mining companies and the government deteriorated last year.
The accident occurred about 50 kilometres (31 miles) from the copper and cobalt mine in the southeast of the country.
Will officials in Tanzania and other countries push to nationalize their resources as the trend continues to gain traction around the world.
Operations are being suspended while a feasibility study is conducted on building two processing facilities to treat ores at the site.
The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.
The market is comfortably supplied in the short term, there shouldn't be any risk of shortages as long as the big projects ramp up.
The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.
Is the LME trying to create a reputational green wash that allows it to say its members source responsibly because they tick some boxes?
By 2030, oil demand could hit a peak and then enter decline.