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.
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.
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.
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.
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.
Robert Friedland's African projects capture the interests of China National Gold after state-owned firm said no to African Barrick.
Gecamines wants to sell 20% stake in Kamoto Copper.
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.
Miner believes it can weather the storm by maintaining its positive position in Mali.
Kibali Mine to start producing in October.
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.
It's the Democratic Republic of Congo gold miner's last week in TSX-S&P Composite index.
Most of the world’s cobalt is mined in Africa and the majority of Africa’s cobalt comes from the Democratic Republic of Congo.
Customers and mining companies are skeptical about the implementation.
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.
Large buyer sees the most metal on offer for the first time in seven years.
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.
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.
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.
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.
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).
Kazakh miner ENRC's chairman personally flew to the DRC to "clear-the-air" with controversial Israeli dealmaker Dan Gertler.
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.
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."
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.
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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