DRC Mining News

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.

Ivan Glasenberg places a dirty $36B bet: Chris Bryant

Glencore’s coal business should be a license to print money for several more years.

Congo triples levy on cobalt with strategic-minerals decree

Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt

Congo state miner in production-sharing deal with Chinese firm

Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.

Management shake-up at Glencore costs copper chief Mistakidis his job

Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.

Barrick Gold eyes more copper assets in Congo – executive

Barrick Gold is interested in buying more copper mines in the Democratic Republic of Congo (DRC) - Incoming COO of Africa and the Middle East region

Congo state miner wants meeting over Katanga cobalt-export

“They are taking unilateral decisions that we haven’t verified, that we haven’t certified” - Gecamines President, Albert Yuma

Ivanhoe Mines shares jump as it finds new copper-rich area in Congo

Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.

Cobalt prices could rally 30% by mid-2019

Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.

Glencore’s Congo unit halts cobalt exports from Kamoto mine

The temporary suspension comes as Katanga found excessive levels of uranium in the mine's ore.