DRC Mining News

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.

Barrick, Newmont said to be in talks to merge Nevada operations

Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.

World’s two top diamond miners join forces to test blockchain pilot

Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.

Barrick could trade copper mines for gold ones to expand Tier 1 assets

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

Almost 400,000 migrants left Angola in massive diamond crackdown

The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.

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.