DRC Mining News

Cameroon involved in Central African 'conflict diamonds' trade — report

Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.

Ivanhoe Mines announces significant progress in upgrading the Kipushi zinc-copper mine in the DRC

"We are working hard to have the mine ready to restart production": Robert Friedland

Congo gets firmer grip on Ivanhoe’s Kamoa-Kakula copper project

Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.

Randgold, Newcrest join forces to explore Ivory Coast for more gold

The new venture is part of Randgold's ambitious plan to discover three new deposits in the next five years.

Congo state miner 'strongly opposed' to Lundin's sale of stake in Tenke

Gecamines claims it has pre-emptive rights to buy the stake as owner of the country’s mining titles.

Fleurette responds to Global Witness Congo royalties report

Israeli financier Dan Gertler's firm disputes report outlining purchase from Congo state-owned miner of royalty streams from Glencore-owned copper mines.

Chinese tighten grip on Tenke mine as Lundin agrees to sell stake for $1.14bn

Canada’s Lundin, which owns 24% of Tenke, has finally agreed to sell its stake to a private equity firm from Asia’s richest nation.

Report: DRC signs over $880m royalties to president's friend

Global Witness: Royalty stream from Glencore's KCC copper-cobalt operation transferred to offshore company controlled by Israeli billionaire Dan Gertler.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Randgold eyes three new mines as higher gold prices boost profit 55%

The gold miner also expects to be in a position to increase dividends by the end of the year.

Fight for giant Congo copper mine heats up

DRC prime minister throws weight behind Chinese buyers of Freeport's controlling stake in Tenke Fungurume.

Activists urge Congo government to pass new mining code

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.

Congo takes Freeport, Lundin to court over sale of Tenke Fungurume

The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.

Congo’s cobalt production set to soar despite claims of child labour

Last year, the country's cobalt production accounted for just over half of the world's output.

Kibali delivers progress despite challenges

After a slow start to 2016, the Kibali gold mine is picking up speed, with the substantial performance improvement forecast for the second half of the year already manifesting itself, Randgold Resources chief executive Mark Bristow said here today.

Ivanhoe Mines rises 38%, tops the Ubika Mining 20

The Ubika Mining 20 Index (UM20) fell 2.8% over the past month, slipping more than the TSX Venture composite, which was down by 0.7%. The TSX Mining Index, meanwhile, rose 3.1% over the same period.

New York hedge fund fined $400m for Congo bribes

Key violations in the Och-Ziff case came in mining and oil and gas deals associated with Israeli billionaire Dan Gertler and DRC president Joseph Kabila.

Lundin poised for mega Congo copper deal

Lundin was outplayed in its last major deal, but now looks ready to pull the trigger on $1 billion-plus acquisition of one of Africa's richest copper mines.

Lundin's agonizing Congo decision

Toronto miner has first dibs on controlling share of Tenke Fungurume which if contemplated expansion goes ahead would catapult mine into global top 5.

Lundin granted second extension on bid for Freeport Congo mine stake

The company now has until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine.

Despite problems SA still represents half sub-Sahara mining

Value of South Africa's mining industry forecast to contract 11.4% in 2016, followed by years of close to zero growth according to new report.

Freeport's $2.7B sale of African copper mine hits snag

Congo's state-owned mining company launches own bid for giant Tenke copper operation despite Freeport's stake sale to Chinese firm signed in May.

Canada's Ivanhoe Mines to hire strategic adviser after unsolicited interest

Shares in the Vancouver-based miner soared Monday as the firm said it would likely hire an investment bank to advise the board on all strategic options.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Ivanhoe Mines’ DRC project likely Africa's top copper discovery shows fresh drilling results

Shares in the Canadian company were up more than 3.6% Thursday morning on the news.