Democratic Republic of Congo Mining News

Ivanhoe Mines secures full financing for first two mines in Congo

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.

Miners in Congo face subcontracting limits under new rules

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.

Alphamin begins commissioning Bisie tin mine in DRC

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.

Ivanhoe to fast-track DRC mine into production after CITIC invests $454m

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.

De Beers expands pilot scheme in Sierra Leone to sell ethically sourced diamonds

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.

LME gets tougher on companies with ties to child labour, corruption

The initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.

Congo Republic ships first iron ore ahead of expected production boom

A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.

Katanga Mining resumes cobalt exports from DRC

The company produced about 930 tonnes of contained cobalt since January through interim operational solutions.

Ivanhoe execs brief Congo president on progress of massive copper project

According to Wood Mackenzie, it is the world's largest, undeveloped, high-grade copper discovery.

How countries are getting tougher with mining companies

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.

Congo's public revenues from mining sector nearly double in 2018

Democratic Republic of Congo's mining sector paid $1.57B in revenues to the government last year, up 91% on 2017.

Uganda seeks again to redevelop defunct Kilembe copper mine

The Ugandan government is making another attempt to reopen a defunct copper mine estimated to contain 4 million tonnes of ore.

More than a third of gold mines in Congo exposed to Ebola — report

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.

30 countries face higher resource nationalism risk — report

On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.

Amnesty accuses electric vehicles makers of using unethically sourced minerals

The problem, says Amnesty, is that no country legally requires companies to publicly report on their cobalt supply chains.

How the cobalt market fell victim to allure of electric cars

Adding to the allure was a widely-held view that cobalt supply is constrained.

Glencore CEO is said to meet Congo leader after ties strained

The meeting comes after relations between mining companies and the government deteriorated last year.

Acid truck spill kills 20 near Glencore Congo mine

The accident occurred about 50 kilometres (31 miles) from the copper and cobalt mine in the southeast of the country.

Barrick's cost of doing business could shoot up with Acacia deal

Will officials in Tanzania and other countries push to nationalize their resources as the trend continues to gain traction around the world.

ERG will suspend copper, cobalt output at Congo mine this month

Operations are being suspended while a feasibility study is conducted on building two processing facilities to treat ores at the site.

Glencore to cut output, jobs at copper, cobalt mine in Congo – WSJ

The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.

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.