With Congo finances collapsing, desperate government has few options
Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy.
Latest Stories
Kazakhstan miner Kaz Minerals ramps up output, profits rise
Kaz Minerals, a copper company focused on Kazakhstan, narrowed its full-year production guidance on Thursday to 235,000-260,000 tonnes after first-half output more than doubled, boosted by a market hitting multi-year highs.
South Africa’s Sibanye Gold flags H1 earnings per share loss
South Africa's Sibanye Gold flagged up a first-half earnings per share loss on Thursday, citing provisions worth 1.1 billion rand ($84 million) for a possible settlement with miners who contracted lung diseases at work.
Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero
Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.
Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers
While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.
Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls
The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.
BHP commits $2.5bn to extend life of Spence copper mine in Chile
Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.
Congo reinstates miners’ VAT exemption on imports in U-turn
The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.
Copper price surges to 32-month high as hedge funds place $20 billion bet
Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface.
