Glencore’s prize cobalt miner is bogged down deeper in Congo
Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines.
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Glencore says legal proceedings opened against Congo unit
High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world’s largest source of cobalt.
Petra Diamonds rallies on revenue growth, record output
Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.
LME to temporarily move nickel closing prices out of ring
The move is likely to happen early next year and last for three months, after which pricing will return to the ring.
DRC miners hopeful new code issues can be resolved
They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.
Newcrest plan to dump tailings in old Cadia open pit approved
The use of the pit as a tailing storage facility means the miner will sacrifice remaining gold and copper reserves to help it return to full production after a dam collapse halted operations at the underground mine complex.
German researchers say mining intensifies social conflicts in Peru
A group of researchers from Berlin’s Humboldt University published a study where they say that mining activities are the leading cause of social conflicts in Peru.
Blue diamond ring breaks world record
The gem’s final price nearly tripled Sotheby’s pre-sale estimate.
Deep-sea mining: scientists say collaboration is key
They say there has to be a balance between exploiting mineral resources from the seabed and protecting vulnerable marine ecosystems.
