The amount of gold produced by the Democratic Republic of Congo is on track to be four times the amount produced last year, thanks largely to the opening of the Kibali gold mine in May.
Randgold Resources chief executive Mark Bristow argues that the looming undersupply of gold will create opportunities for mineral-rich African countries but they will have to compete aggressively for shrinking exploration dollars.
In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.
The world's largest diamond miner by market value said it will adopt a more flexible sales approach.
Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.
The electric motor company's plans to double the globe's battery output will up graphite demand 152%, but sourcing cobalt outside the Congo could prove difficult.
Robert Friedland, executive chairman of the Vancouver-based company is pitching in himself.
Kibali will rank as one of the largest gold mines in Africa when in full production, expecting to produce an average of 600,000 ounces of gold per annum over the first twelve years of its life.
Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.
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.
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