DRC Mining News

Ivanhoe Mines secures full financing for first two mines in Congo

Ivanhoe can now finance Kakula and Kipushi mine to commercial production, and significantly advance, or achieve, production at the company’s Platreef Project in South Africa.

Alphamin begins commissioning Bisie tin mine in DRC

Commercial production at the tin mine, which is surrounded by dense forest, deeply weathered soils and experiences high rainfall, is expected in the second half of the year.

Ivanhoe to fast-track DRC mine into production after CITIC invests $454m

This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.

De Beers expands pilot scheme in Sierra Leone to sell ethically sourced diamonds

Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.

LME gets tougher on companies with ties to child labour, corruption

The initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.

Glencore Coal chief development officer named Katanga CEO

Jeff Gerard named to the top job, taking over from Danny Callow.

Barrick upbeat about new DRC president’s stance on mining, investment

The company said Felix Tshisekedi had confirmed his intention of working with miners to keep growing the Central African nation’s gold sector.

More than a third of gold mines in Congo exposed to Ebola — report

In its current form, the epidemic won’t impact the nation’s cobalt production, as the vast distance from the Katanga region largely prevents its spread, says global risk consultancy Verisk Maplecroft.

Glencore plans new buyback as trading profit disappoints

“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”

Miners vs African governments: The fight's just getting started

Ghanaian President Nana Akufo-Addo issued a firm warning: stop expecting supercharged profits from Africa’s mineral riches.

Fourteen NGOs oppose LME plans to ban tainted cobalt

Is the LME trying to create a reputational green wash that allows it to say its members source responsibly because they tick some boxes?

Friedland confident Congo copper mine will be world’s second-largest

The founder of Ivanhoe Mines said the Kamoa-Kakula project is “on track to become one of the absolute greatest copper mining complexes in the world.”

Glencore keeps 2019 guidance after copper, cobalt output jumps

Production of cobalt, used in batteries for EV's, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes.

Ivanhoe drills Kamoa-Kakula’s best intersection to date

The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.

Lithium and cobalt – what to look for in 2019

While lithium spot prices moved only one way in 2018, cobalt experienced more of a rollercoaster ride.

Canada's M2 cobalt miner encouraged by initial drilling in Uganda

"Historically it was a world-class producer, so we know cobalt is there."

Barrick CEO on Zambia tax dispute: Threats don't solve problems

“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”

China Moly ups stake in giant Tenke copper mine to 80%

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

Ford to lead blockchain pilot that traces cobalt mined in Congo

The carmaker will use a blockchain-based platform to trace supplies of cobalt from a Chinese-owned mine in the Congo for the batteries in its electric cars, in an effort to ensure they are not linked to human rights abuses.

Congolese mining company leaves ITSCI certification scheme over cost

Societe Miniere de Bisunzu (SMB), has given 30 days notice to end its contract with ITSCI, a responsible supply chain initiative, citing the scheme's rising costs.

New era for Barrick Gold begins

Barrick now trades as GOLD in New York and continues as ABX in Toronto.

Ballots replace bullets as mineral giant Congo holds vote

This weekend, the vast central African nation is banking on a new method: the ballot box.

Glencore billionaire among directors banned, fined by Canada

The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014.

This Congo project could supply the world with lithium

The DRC has a stranglehold on crucial battery material cobalt, but central African nation also has potential to become major lithium player.

Congo's Gecamines to boost stake in Boss Mining JV to 49%

The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.