Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach
THEnergy observes increasing interest in storage solutions from industrial off-grid end-customers and project developers.
Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.
Facilities scheduled to start production in the fall of 2015; seen as model for future foreign investment and development projects
The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.
Providing proof of origin of tin, tantalum, tungsten, and gold near conflict zones voluntary under law to be adopted this week.
The DRC's government has told mining companies it intends to reopen negotiations with them over a revision of the mining code sent to parliament last month.
Zijn's main interest in Ivanhoe seems to be the Kamoa copper project.
The Democratic Republic of Congo, a big, lush, mineral-rich country in the heart of Sub Saharan Africa, currently produces roughly 6% of the world’s copper.
Randgold Resources' $1.7bn Kibali project in DRC is operating at design after commissioning of metallurgical plant and first of three hydropower plants.
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.
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