DRC Mining News

Ivanhoe Mines soars on third major copper discovery in Congo

The find, named Makoko, was the first of multiple high-potential target areas identified by the company’s exploration team to be tested by drilling.

Congo-owned Sokimo may hinder transfer of Kibali mine to Barrick

The state miner warned it would "assert its rights" in Barrick Gold's acquisition of Rangold's stake in the Kibali mine, but did not provide details of its plans.

Barrick to buy Randgold for $18.3B forming giant global gold miner

The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.

China's CITIC to be Ivanhoe Mine’s top shareholder in $548m-deal

Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it’s expected to close on Sep. 19

DRC miners form new body to fight mining code

The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country’s new mining code.

AngloGold swings back to profit days before new boss takes helm

The turnaround in performance was mainly the product of increased output, reduced net debt and lower-than-expected restructuring costs.

Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.

Glencore’s cobalt output up by almost a third thanks to Congo mines

Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.

Randgold to revise full-year forecast as readies Tongon mine for restart

As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.

Kibali gold mine aims at record output after underground ramp-up

DRC's Kibali is moving from underground mining by contractors to owner-mining, as has already happened at the company’s Loulo mines in Mali.

Randgold’s Tongon mine in Ivory Coast hit by strike

Labour action has brought gold production to a halt.

Glencore shareholders mull suing firm over corruption, bribery probes

They claim mounting investigations into the firm’s dealings in the DRC, where it’s heavily invested, has made the stock collapse and investors may seek compensation for the losses caused by it.

US probe darkens Glencore horizons from Africa to Americas

Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencore’s management will get bogged down in a lengthy legal process.

LME to get tougher on cobalt companies with ties to the DRC

Starting next year, it will demand firms that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit.

Glencore hammered as US requests documents in corruption probe

Shares fell as much as 13% after the miner and commodities trader was told by US Department of Justice to produce documents on Nigeria, Congo and Venezuela.

Battery startup gets funding to develop cobalt-free products

Conamix’s technology is intended to reduce the cost of batteries used for electric vehicles and grid storage.

China marks cobalt, copper ascendancy in Congo with new group

The 35-member union includes China Molybdenum Co.-controlled Tenke Fungurume Mining and MMG Ltd., as well as subsidiaries of China Nonferrous Metal Mining Group and Huayou Cobalt Co. Sicomines, among others.

Congo plans to start $13.9 bn hydropower project this year

The plant would form part of a larger Grand Inga hydropower complex spanning the Congo River.

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

China's CITIC grabs stake in Ivanhoe Mines for $560 million

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

Congo mining code regulations signed into law – aides

Code sets Congo on collision course with mining firms.

Glencore faces third Congo legal challenge this year

Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012.

Congo mining regulations to be signed into law on Friday — mines minister

Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.

Cobalt price: Congo production surges

Top supplier of battery raw material ups output 34% year on year.

Miners threaten Congo with legal action over mining code

Regulations to implement the new code are due to be signed into law next week.