Democratic Republic of Congo Mining News

Cobalt's price crash bottoming out, stocks to hinder quick rally

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.

Glencore cuts workers at Congo copper and cobalt mine

The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.

Fourteen NGOs oppose LME plans to ban tainted cobalt

Is the LME trying to create a reputational green wash that allows it to say its members source responsibly because they tick some boxes?

Bank Of America: Oil demand growth to hit zero within a decade

By 2030, oil demand could hit a peak and then enter decline.

Congo 2018 copper output up 12.9 percent to 1.2m tonnes -Chamber of Commerce

Output of cobalt rose 43.8 percent to 106,439 tonnes, while gold production increased by 22.6 percent to 28,539 kg.

Friedland confident Congo copper mine will be world’s second-largest

The founder of Ivanhoe Mines said the Kamoa-Kakula project is “on track to become one of the absolute greatest copper mining complexes in the world.”

Africa Mining Indaba: Dam safety, Zambia taxes, Ford on cobalt

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Ivanhoe drills Kamoa-Kakula’s best intersection to date

The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.

Lithium and cobalt – what to look for in 2019

While lithium spot prices moved only one way in 2018, cobalt experienced more of a rollercoaster ride.

Canada's M2 cobalt miner encouraged by initial drilling in Uganda

"Historically it was a world-class producer, so we know cobalt is there."

Barrick CEO on Zambia tax dispute: Threats don't solve problems

“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”

China Moly ups stake in giant Tenke copper mine to 80%

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

Ford to lead blockchain pilot that traces cobalt mined in Congo

The carmaker will use a blockchain-based platform to trace supplies of cobalt from a Chinese-owned mine in the Congo for the batteries in its electric cars, in an effort to ensure they are not linked to human rights abuses.

Kabila in driving seat as court mulls Congo vote challenge

Martin Fayulu, the runner-up in the Dec. 30 poll, has petitioned the Constitutional Court to order a recount of the votes.

Regional states back Congo opposition leader's vote dispute

"It’s obviously really important for Tshisekedi to have SADC’s approval and endorsement for his presidency”

Too early to bet on mining policy change: Congo vote reaction

In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s presidential election.

Congolese mining company leaves ITSCI certification scheme over cost

Societe Miniere de Bisunzu (SMB), has given 30 days notice to end its contract with ITSCI, a responsible supply chain initiative, citing the scheme's rising costs.

New era for Barrick Gold begins

Barrick now trades as GOLD in New York and continues as ABX in Toronto.

Ballots replace bullets as mineral giant Congo holds vote

This weekend, the vast central African nation is banking on a new method: the ballot box.

Eurasian Resources Group launches clean cobalt framework

ERG recognises the urgent need for metal suppliers to commit to ensuring that cobalt is produced and sourced responsibly and sustainably and to support the efforts of its customers.

Glencore billionaire among directors banned, fined by Canada

The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014.

This Congo project could supply the world with lithium

The DRC has a stranglehold on crucial battery material cobalt, but central African nation also has potential to become major lithium player.

Congo's Gecamines to boost stake in Boss Mining JV to 49%

The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.

Congo mining revenues jump 147% in first 9 months of 2018

DRC has collected $1.21 billion in revenues from its mining sector over the first nine months of 2018.

Ivan Glasenberg places a dirty $36B bet: Chris Bryant

Glencore’s coal business should be a license to print money for several more years.