Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.
Democratic Republic of the Congo Mining News
The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.
Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.
The new law, which will come into force in 2021, requires importers to ensure their business do not contribute to armed conflicts.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.
Employees who had staged an illegal sit-in at the mine returned to work Wednesday after management and authorities reached a deal with them, the company said.
Company said talks are underway to stop an illegal sit-in that started last week by some employees demanding annual ex-gratia payments.
The Kibali gold mine in the Democratic Republic of Congo has continued its performance improvement in the second half of the year after a tough first half.
Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.
The new venture is part of Randgold's ambitious plan to discover three new deposits in the next five years.
The EICC and CFSI Launch the Multi-Industry Responsible Raw Materials Initiative (RRMI).
The gold miner also expects to be in a position to increase dividends by the end of the year.
Congo began reviewing its mining code in 2012, aiming to increase state revenues and tighten environmental and social regulations, but it has yet to make a decision about it.
Last year, the country's cobalt production accounted for just over half of the world's output.
International development nonprofit Pact released Friday a report detailing the progress of efforts to address child labour in mining in the Democratic Republic of Congo.
Group of 42 Congolese non-governmental organizations (NGOs) say difficult market conditions do not justify further delays.
The layoffs may increase to 1,800 if the metal prices don’t recover soon, said the company.
The move could have driven away investors at a time of historically low commodity prices and energy shortages that are driving down output in the country.
The firm also said it would continue to invest in exploration, which remains the engine that drives its business.
Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.
The agreement with Windmill, a private fertilizer producer in Southern Africa, is expected to bring in net revenue of $300,000.
The firm, debt-free despite current market conditions, mined a record 305,288 ounces in the third quarter, up from 299,320 a year earlier.
The contract will give the company, which wants to become a one-stop shop African fertilizer business, a platform to distribute the product across eastern and southern Africa.