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.
DRC Mining News
"We are working hard to have the mine ready to restart production": Robert Friedland
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.
The new venture is part of Randgold's ambitious plan to discover three new deposits in the next five years.
Gecamines claims it has pre-emptive rights to buy the stake as owner of the country’s mining titles.
Israeli financier Dan Gertler's firm disputes report outlining purchase from Congo state-owned miner of royalty streams from Glencore-owned copper mines.
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.
Global Witness: Royalty stream from Glencore's KCC copper-cobalt operation transferred to offshore company controlled by Israeli billionaire Dan Gertler.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
The gold miner also expects to be in a position to increase dividends by the end of the year.
DRC prime minister throws weight behind Chinese buyers of Freeport's controlling stake in Tenke Fungurume.
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.
The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.
Last year, the country's cobalt production accounted for just over half of the world's output.
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.
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.
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 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.
Toronto miner has first dibs on controlling share of Tenke Fungurume which if contemplated expansion goes ahead would catapult mine into global top 5.
The company now has until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine.
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.
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.
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.
Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
Shares in the Canadian company were up more than 3.6% Thursday morning on the news.