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.
Democratic Republic of Congo Mining News
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.
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.
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”.
The accident has been reported by different local websites.
Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.
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.
At year-end, the company had net cash of more than $700 million and no debt.
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'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 […]
The companies have just resigned from the Congolese Chamber of Commerce.
Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
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.
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.
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.
The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers.
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.
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.”