The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.
DRC Mining News
The World Bank-supported mining legislation was introduced to attract investment into copper and cobalt projects from global miners including Glencore Plc, Freeport-McMoRan Inc. and China Molybdenum Co. Gécamines claims country has not benefited from it.
Ivanhoe Mines and Zijin virtually triple hydroelectric output to support the Kamoa-Kakula Copper Project
Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.
“We’ve been intensively focusing on how to manage future cobalt supply for a year now. Before, it wasn’t clear just how quickly demand will accelerate.”
Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.
The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.
Gecamines copper output has plunged since 1980s and it has failed to internally register $740 million in income between 2011-2014, much of which is now untraceable, the Carter Center said in a report on Friday.
Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.
The Canadian miner said measure was taken after violent groups blocked main road to the mine, which has prevented essentials from reaching the operation.
Ivanhoe boss transforms what could have been a set of exciting drill results into 43 holes of “global significance in the copper world”.
Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy.
The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.
Partnership Africa Canada says the gold was one of the first legal gold purchases from the DRC.
Two employees at the Tenke copper mine in Democratic Republic of Congo suffered minor injuries in an electrical fire at the weekend.
Democratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 billion project was hit by financing problems.
While the kidnapped drivers have been released it’s still uncertain where they are and what happened to their trucks.
Democratic Republic of Congo's government has formally requested financial support from international donors as it confronts a worsening economic crisis, a letter seen by Reuters on Thursday showed.
The company also evacuated all of its employees at Namoya mine after trucks belonging to a contractor were caught in crossfire between soldiers and a local self-defence militia.
Company will make final decision on its development by mid next year.
Pala Investments Limited, a multi-strategy investment company focused on the mining and metals value chain, is pleased to announce the closing of its investment in Cobalt 27 Capital Corp. in connection with Cobalt 27's public offering of 22,222,225 common shares in the capital of Cobalt 27 on June 23, 2017.
Minerals company Cobalt 27 Capital Corp made its debut on Canada's Venture Exchange on Friday, raising C$200 million in a listing that offers investors exposure to cobalt, a key metal for batteries in electric cars.
A kidnapping incident at one of Banro's gold mines in the Democratic Republic of the Congo (DRC) has been resolved.
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.
Only last year CAR was allowed to resume diamond exports after a three-year ban that tried preventing armed groups from financing a bloody inter-religious conflict.