DRC Mining News

Randgold raises dividend despite profit slump

The firm also said it would continue to invest in exploration, which remains the engine that drives its business.

Randgold's Tongon mine to build on benefits of capital projects

Randgold Resources chief executive Mark Bristow said the mine’s expansion and upgrade projects had now been completed.

Booming Kibali boosts exploration investment in DRC

Randgold Resources has expanded its operations in Congo following the success of the Kibali gold mine, which will lead to the miner exceeding its full year production guidance for the mine in 2015.

African Potash soars on fertilizer trade deal

The agreement with Windmill, a private fertilizer producer in Southern Africa, is expected to bring in net revenue of $300,000.

Glencore axes jobs, coal output at Australia’s mine as price collapses

The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.

Randgold profit tumbles despite record gold production

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.

Old Nova Scotia tin mine could resume production in a few years

Avalon Rare Metals expects to publish the project's Preliminary Economic Assessment by the end of the month.

Glencore shares soar on faster than expected debt reduction

The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.

Canada’s Ivanhoe to start copper production at new DRC mine in 2018

The Vancouver-based miner estimates that Kamoa, discovered in 2007, holds the equivalent of at least 45 million tonnes of pure copper.

Randgold to exceed 2015 output target from Kibali, wants new licence in Congo

The mine produced 526,627 ounces in its first full year of operation in 2014, and was expected to yield 600,000 ounces this year.

African Potash signs supply deal with Zambia distributor

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.

Glencore to sell part of its Chile, Peru copper output

The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.

Glencore to reduce debt after getting $2.5 billion in shares sale

The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.

Glencore fights back — to slash debt by $10bn, halt copper mines in Africa

Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.

African Potash soars on second supply deal in a week

The company plans to create a vertically integrated operator to tap into a region that buys in an estimated 10 million tonnes of fertilizer a year.

Prepare for flood of copper concentrate

New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.

Congo’s Gecamines sells copper assets to Chinese for $52 million

The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.

When it comes to conflict mining regulation, should one size fit all?

Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.

Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.

Congo mulls suspending Ivanhoe's Kamoa stake sale to Zijin

It also plans to review the legal status of the joint venture, while it negotiates with Ivanhoe to raise its stake to 20% from the current 5% it holds.

African Potash seeks to create trading platform in Eastern and Southern Africa

The goal is to facilitate the mining, production and distribution of the fertilizer in Eastern and Southern Africa.

Europe closes in on conflict minerals

An annual list that reveals the names of mineral smelters that do not use raw materials linked with criminal gangs is at the heart of Europe’s push to clean up the world’s mining industry.

Conflict gold case against Swiss refiner dropped 

Insufficient evidence against Argos-Heraeus.

CFSI enables companies to comply with new EU Conflict Minerals rules

Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach

Tesla Storage announcement is another piece of the puzzle in renewable energy hybrid markets

THEnergy observes increasing interest in storage solutions from industrial off-grid end-customers and project developers.