DRC

Dubai refiner responds to conflict gold charges

MINING.com Editor | February 26, 2014
Dubai refiner responds to conflict gold charges

Dubai-based Kaloti Jewellery Int'l, one of the world's largest gold refiners, denies it paid out over $5 billion in cash for gold from African war zones.

DRC mining billionaire turns 29,900% profit on oil deal

Frik Els | January 27, 2014
DRC mining billionaire turns 29,900% profit on oil deal

Perfecting a strategy honed with copper and gold, Dan Gertler sells back to the DRC an oil block for $150 million acquired 7 years before for $500,000.

Randgold jumps on strong performance at Kibali

Frik Els | January 20, 2014
Randgold jumps on strong performance at Kibali

After its first quarter of operation, the $1.7 billion project in the DRC is now expected to meet its forecast of 550,000 ounces for the current year.

Diamond prices to jump next year— Alrosa

Cecilia Jamasmie | December 2, 2013
Diamond prices to jump next year— Alrosa

A steady diamond demand in Europe, paired with an ever growing appetite for these precious stones in China and India, are to blame, says Alrosa.

A look at the mines funding warlords in the DRC

Ana Komnenic | November 21, 2013
DRC mining

In an effort to expose and monitor these mining operations, a Belgian research group has been creating the first maps of eastern DRC's artisanal mining areas.

Chinese said to eye Ivanhoe Mines stake

Frik Els | November 7, 2013
Chinese said to be looking at Ivanhoe Mines stake

Robert Friedland's African projects capture the interests of China National Gold after state-owned firm said no to African Barrick.

DRC looking to ditch Glencore's copper project

Ana Komnenic | October 7, 2013
Katanga

Gecamines wants to sell 20% stake in Kamoto Copper.

Rough diamond prices to skyrocket in 2018

Cecilia Jamasmie | September 9, 2013
Rough diamond prices to skyrocket in 2018

Steady diamond demand in the United States, paired with an ever growing appetite from China and India set to cause a major gap in global supply and demand, says report.

Randgold not scared of tumbling gold prices thanks to its Mali mines

Cecilia Jamasmie | August 1, 2013
Randgold not scared of tumbling gold prices thanks to its Mali mines

Miner believes it can weather the storm by maintaining its positive position in Mali.

Randgold to pour first gold at DRC’s Kibali Mine

Cecilia Jamasmie | July 23, 2013
Randgold jumps on strong performance at Kibali

Kibali Mine to start producing in October.

DRC’s army smuggling minerals in east Congo, UN experts

A group of UN experts says the army is smuggling minerals in eastern Congo, where the government is trying to cut the link between violence and the mineral trade.

Banro shareholders enjoy rare stock surge

Frik Els | June 17, 2013
Shares surge after Banro's note to prefs

It's the Democratic Republic of Congo gold miner's last week in TSX-S&P Composite index.

Global cobalt

Most of the world’s cobalt is mined in Africa and the majority of Africa’s cobalt comes from the Democratic Republic of Congo.

DR Congo reaffirms export ban on copper and cobalt

Vladimir Basov | May 29, 2013
DRC

Customers and mining companies are skeptical about the implementation.

PHOTOS: A glance into Congo’s illegal gold trading

Cecilia Jamasmie | April 15, 2013
PHOTOS: A glance into Congo’s illegal gold trading

Most of the gold mined in the Democratic Republic of Congo (DRC) is dug up by artisanal and small-scale miners, who work in very dangerous conditions, particularly in rebel-held parts of the country.

Warehouse stocks surging 40% just the start of copper sea change

Frik Els | March 6, 2013
Grasberg lifts copper price to near 3-month high

Large buyer sees the most metal on offer for the first time in seven years.

Congo and cobalt critical

Richard Mills - Ahead of the Herd | December 22, 2012
Checklist mining

Only four metals, or element groups, made the list for the American Physical Society, Materials Research Society and the US Department of Energy's uncatalogued for 'critical metals': Rare Earth elements, platinum group metals, lithium and cobalt.

Ivanplats next stop? London, says Friedland

Cecilia Jamasmie | December 4, 2012
Ivanplats next stop? London, says Friedland

Mining legend and Ivanplats (TSX:IVP) CEO, Robert Friedland, said he aims to have his African-focused mining company landing in the London stock exchange during the first half of 2013.

New report: DRC's Kabila could be toppled within weeks

Frik Els | November 21, 2012
New report says violent overthrow of DRC government could be matter of weeks

DRC president Kabila will likely be violently removed from office should protests in major cities escalate and last longer than one week, according to a report from Exclusive Analysis, a UK-based political risk consultancy.

Congo to discuss mining code changes with companies

Cecilia Jamasmie | November 7, 2012
Congo open to discuss changes to mining code with companies

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank and the IMF, said a source from the country’s ministry of mines.

Canada’s Ivanplats closes $307 million IPO and now trades shares on the TSX

Cecilia Jamasmie | October 23, 2012
Friendland’s latest move: $24m in share placing to fund projects in Congo

Africa-focused miner Ivanplats (TSX:IVP), founded by billionaire Robert Friedland, successfully closed Tuesday its $307-million initial public offering (IPO) on the Toronto stock exchange, issuing total equity of $504 million (Cdn$493).

Report says DRC's Mr Grab losing friends

Frik Els | October 21, 2012
DRC_dan_gertler_youtube_capture

Kazakh miner ENRC's chairman personally flew to the DRC to "clear-the-air" with controversial Israeli dealmaker Dan Gertler.

Friedland's Ivanplats IPO: 'It's a gun to the head'

Frik Els | September 27, 2012
Ivanplats gets its ducks in a row for South African project

If Ivanplats's $165 million worth of bonds are not redeemed for stock, rates on the debt soars to credit card-like repayments of just under 19% on November 10 and to an eye-watering 26% in November next year.

Meet the Israeli middleman said to have 'stripped and flipped' First Quantum's DRC mine

Frik Els | August 22, 2012
DRC_dan_gertler_youtube_capture

Gertler, 38, used his relationship with DRC president  Joseph Kabila and Kabila's now late adviser Augustin Katumba Mwanke to bag mining projects "by stripping from others if necessary, only to sell them on at great profit."

If you think Congo is unstable now watch what happens when you throw oil into the mix

Frik Els | July 16, 2012
New report says violent overthrow of DRC government could be matter of weeks

New oil reserves could also create new centres of power and in the context of a general oil rush in Central and East Africa, the lack of clearly defined borders, especially in the Great Lakes region, poses significant risk for maintaining regional stability.

DRC fighting thwarts plans to export conflict-free minerals

Andrew Topf | May 3, 2012
DRC_stamp

Renewed fighting in the Democratic Republic of Congo will halt the export of so-called conflict-free minerals from the country's eastern provinces, according to Bloomberg:

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