Democratic Republic of the Congo

Anvil to Start Copper Production from DRC Mine

Anvil Mining is planning to start commercial production of copper at its newly constructed plant at the Kinsevere copper mine in the Democratic Republic of Congo (DRC) in the current quarter. The new plant is expected to triple Anvil Mining's annual

Anvil Mining expects full production by end of year

Anvil Mining Ltd expects to reach design capacity of 5,000t/month of copper cathode production in the December quarter this year. In the June-quarter results announcement the company said the Kinsevere Stage II SX-EW plant in the Democratic Republic of the Congo (DRC) was “essentially complete” having produced 2,023t and 3,173t in June and July, respectively.

DRC cashes in as gold smuggling plot smashed

Congo authorities seized 435 kilos (957 pounds) of gold and $6.5 million in cash in smashing a plot to smuggle the haul abroad from the country's anarchic east, officials said on Saturday.

The Democratic Republic of Congo's state prosecutor said five people including an American and two French citizens, as well as an impounded, U.S.-registered Gulfstream jet, had been released after a $3 million fine was paid.

AMG enters into tantalum supply agreements

AMG Advanced Metallurgical Group N.V. ("AMG," EURONEXT AMSTERDAM: "AMG") through its Advanced Materials Division, entered into supply agreements with traditional customers for all of its tantalum concentrate production through the end of 2012 at fixed prices based upon the current …

Higher gold prices push Randgold profits up 43% despite tough year

Randgold's full-year profit $120.6M, compared with $84.3M last year. Company proposes to increase dividend by 18% to 20 cents per share; predicts attributable production of 750,000-790,000 ozs for 2011.

Zinc, cobalt grabbing some ‘green’ traction

Zinc and cobalt often fall into that esoteric metals category called byproduct, meaning they are generally an afterthought for miners who are keen at getting at, say, nickel or copper deposits. Still, both metals are being increasingly targeted for their use in growing markets, such as rechargeable batteries for electric cars.

Congo resolves dispute over copper mine

“Freeport-McMoRan, the US copper mining group, has resolved a long-standing dispute with the Democratic Republic of Congo over control of a vast copper mine by giving cash and shares to the government.

Mukuba is in the Zambian Copperbelt

As a general rule, the most successful man in life is the man who has the best information The Republic of Zambia (plus 12 million people) is a landlocked country in Southern Africa covering 752, 600 square km of the …

Randgold Resources Limited: A Hundred Dollar Stock

A cracking two months has seen Randgold Resources Limited (GOLD) rise to top $100 per share putting in a stunning performance over both the long term and more recently it has certainly come life.

China and Copper

-As a general rule, the most successful man in life is the man who has the best information- In this author's opinion, China, and to a lesser extent India and other developing nations, are responsible for the largest and longest …

Joe Foster: Catalysts Pushing Gold

Portfolio Manager Joe Foster calls himself a "stock picker." And he's pretty good at it. Class A shareholders in Van Eck Global's International Investors Gold Fund have seen an average return of almost 25% for 10 straight years under his …

The Time Is Nigh For AMI In West Africa

In West Africa, nestled amongst Anglogold Ashanti (NYSE:AU), Newmont Mining (NYSE:NEM) and Goldfields (NYSE:GFI), lies BC based junior AMI Resources (TSX.V: AMU). With an impressive land package in mining friendly Ghana and on-going drill results released from land adjacent to …