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Apple is said to negotiate buying cobalt direct from miners

By: Bloomberg     21st February 2018 Apple is in talks to buy long-term supplies of cobalt directly from miners for the first time, according to people familiar with the matter, seeking to ensure it will have enough of the key battery ingredient amid industry fears of a shortage driven by the electric vehicle boom. The iPhone maker... 

Kabila yet to sign new mining code as deadline nears

By: Reuters     20th February 2018 Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure. The comments by Jean-Pierre Kambila, Kabila's deputy chief of staff, come... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

Australian Mines shares surge 60% on offtake deal

By: Reuters     20th February 2018 Shares of battery and technology metals developer Australian Mines Ltd surged on Tuesday after the company signed an offtake agreement with South Korean battery maker SK Innovation for nickel and cobalt from its Sconi project. The commodity off-take agreement, which is for an initial period of... 

Deadly mines linked to child labour thrive in rush for batteries

By: Bloomberg     20th February 2018 The appetite for electric cars is driving a boom in small-scale cobalt production in the Democratic Republic of Congo, where some mines have been found to be dangerous and employ child labour. Production from so-called artisanal mines probably rose by at least half last year, according to the... 

Australian Mines signs offtake deal with Korea's SK Innovation

By: Reuters     19th February 2018 Battery and technology metals developer Australian Mines said on Monday it signed a deal with Korea's SK Innovation to supply cobalt sulphate and nickel sulphate from its flagship Sconi project. The commodity off-take agreement, which is for an initial period of seven years, is for SK... 

Glencore, Randgold form group to challenge Congo law changes

By: Bloomberg     19th February 2018 Glencore and Randgold Resources are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body. In a letter sent to Congolese President Joseph Kabila on... 

Sweden hunts for cobalt as electrical vehicle race boosts demand

By: Bloomberg     16th February 2018 Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are increasingly in demand among makers of electric vehicles. The government will invest 10-million kronor ($1.26-million) over the next two years to map the existence of minerals... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 Gobal equity markets have been extremely volatile in recent weeks, extending a frantic sell-off of US stocks, which culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

WSP to develop 330 kV Zambia-DRC electricity transmission line

By: Dylan Slater     13th February 2018 The Southern African Power Pool has appointed UK-based engineering consultancy WSP to develop a proposed 330 kV electricity interconnector between Zambia and the Democratic Republic of Congo (DRC).  

Cobalt cannot be eradicated from electric car batteries – Umicore

By: Reuters     13th February 2018 Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of... 

Arc Minerals owns 91.6% of Casa

By: Creamer Media Reporter      12th February 2018 Aim-listed gold explorer Arc Minerals has increased its interest in Casa Mining from 87.4% to 91.6%, the company reported on Monday. The offer remains open until May 10. 

Samsung SDI turns to used phones for cobalt as prices surge

By: Bloomberg     12th February 2018 Samsung SDI, a battery supplier to carmakers including BMW, plans to recycle cobalt from used mobile phones as companies around the world scramble to secure supplies of the metal amid surging prices. The plan fuels a trend among battery makers to reduce dependence on the Democratic Republic of... 

SANDF members alleged to have committed torture and assault in DRC

By: News24Wire      12th February 2018 South African National Defence Force members serving in the Democratic Republic of Congo (DRC) have been accused of assault and torture, its spokesperson said on Sunday. "The SANDF has been alerted to reports of torture and assault in the Democratic Republic of Congo allegedly committed by some... 

Fourth month of continuous growth for Deloitte WA Index

     9th February 2018 The Deloitte WA Index climbed marginally higher in the first month of 2018, as the market capitalisation of Western Australia-listed companies increased by 0.48% to close out January at A$181.83-billion. This marks the fourth month of continuous growth, Deloitte clients and markets partner for... 

New payment infrastructure designed to meet modern financial demands

By: Schalk Burger     9th February 2018 A new payment architecture and infrastructure is being designed to provide the transactional capabilities necessary to allow for new and faster financial services, says South Africa-based automated payments clearing house BankservAfrica CEO Chris Hamilton. BankservAfrica has renewed its... 

Ivanhoe Mines appoints new executive vice chair

By: Henry Lazenby     8th February 2018 Africa-focused explorer and project developer Ivanhoe Mines has appointed veteran mining analyst Egizio Bianchini as its new vice chairperson, effective March 12. Bianchini was most recently employed as the vice chairperson and co-head of BMO Capital Markets' Global Metals & Mining Group for 29... 

Online-Electrical, EM partnership is a ‘win-win’ for customers

     8th February 2018 Electrical supply company Online-Electrical is a proud distributor of the comprehensive product range of ElectroMechanica (EM), which comprises high-end industrial electrical products, motor control switchgear, and electronic automation products. Online-Electrical MD Joey Gaskell comments that... 

Randgold could lose $10m a year under proposed Congo mining code

By: Reuters     8th February 2018 Randgold Resources could lose $10-million per year if a proposed change in the Democratic Republic of Congo is signed into law, Chief Executive Mark Bristow said. "At the top end it would be $10-million a year," Bristow told Reuters, referring to the financial impact of the new law. 

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Congo seeks more cobalt control as batteries drive boom

By: Bloomberg     6th February 2018 The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers, according to its largest State-owned mining company. "I find it scandalous that when cobalt is discussed, and the explosion of electric vehicles, only... 

De Beers eyes Zimbabwe, Congo after gaining South African permits

By: Bloomberg     6th February 2018 De Beers may follow its resumption of exploration for diamonds in South Africa’s Northern Cape by looking in the longer term at opportunities in countries like Zimbabwe and the Democratic Republic of Congo. "I’m excited about what I’m seeing in Zimbabwe," said Phillip Barton, chief executive... 

Cape Lambert appoints consultant for Kipushi engineering review

By: Megan van Wyngaardt     6th February 2018 ASX-listed resource and investment company Cape Lambert has appointed South Africa-based engineering consulting firm GWCH Consulting to complete the detailed engineering review of the Kipushi copper processing plant in the Democratic Republic of Congo (DRC). The Kipushi operation is run by... 

Congo's Gecamines wants to revise contracts with mining partners

By: Reuters     5th February 2018 Democratic Republic of Congo's state mining company Gecamines said on Monday it wanted to renegotiate contracts with its international partners this year to give the state a bigger share of the revenues. Congo is Africa's biggest copper and cobalt producer and also mines gold and diamonds, but it... 

Randgold Resources achieves record production, reduces cost in high-performance year

By: Mia Breytenbach     5th February 2018 Randgold Resources has, for the seventh consecutive year, increased its gold production, boosting output by 5% year-on-year to 1.32-million ounces and exceeding the guidance for 2017. The miner has further reduced its total cash cost by 3% to $620/oz – the lowest level in six years. 

Trafo Fast Tracks Dry-Type Transformers For Bisie In DRC

     5th February 2018 Alphamin Resources’ remote Bisie tin mine is being supplied with fit-for-purpose dry-type transformers by Johannesburg-based Trafo Power Solutions, in a fast track project that will see the complete solution manufactured in just 12 weeks. Bisie’s location – some 160 km north-east of Goma in the... 

Zest WEG Group 

     5th February 2018 The Zest WEG Group has a strong commitment to contributing to the development of the African region, and has been servicing the mining sector on the continent for more than 35 years.  

PPC supported by Africa growth, while local sales dwindle

By: Megan van Wyngaardt     2nd February 2018 Construction materials supplier PPC's revenue for the nine months ended December 31, 2017, improved on that of the prior comparable period, with interim CEO Johan Claassen noting on Friday that the company continued to make good progress in terms of its deliverables. However, PPC noted that the... 

Multotec To Provide Continuous Ion Exchange Equipment To DRC Customer

     2nd February 2018 Leading mineral process company, Multotec Process Equipment, will be providing a continuous ion exchange (Clean-iX®) metals processing scavenging equipment to a customer in the Democratic Republic of Congo. The equipment, using Clean-iX® ion exchange technology from Melbourne-based metals... 

New coal terminal planned for Beira could be a gateway to the east

By: Kim Cloete     2nd February 2018 A coal terminal planned for construction at Mozambique’s Beira port could be a gateway for imports and exports from the landlocked countries of Zimbabwe, Zambia, the Democratic Republic of Congo, Malawi and Botswana and could greatly boost coal exports to India. Essar Ports CEO Tej Nargundkar... 

Electric cars and niche metals lure cash back to African mines

By: Bloomberg     2nd February 2018 Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche... 

Analysts okay Glencore’s 2017 production downs

By: Martin Creamer     1st February 2018 Analysts on Thursday okayed last year’s production performance of diversified mining and marketing company Glencore, which on Thursday reported lower 2017 production for many commodities owing to the impact of disposals, maintenance work and weather. Barclays analysts Amos Fletcher, Ian Rossouw... 

DRC to have biggest growth story in mining this year, despite risks - BMI

By: Megan van Wyngaardt     1st February 2018 Research firm BMI expects the Democratic Republic of Congo (DRC) to be the fastest-growing major mining market in the world this year. In its latest industry trend analysis, the firm outlined that this growth would be driven by rising prices of key commodities, which would improve mining... 

Ivanhoe notes possible changes to DRC mining laws

By: Anine Kilian     1st February 2018 TSX-listed Ivanhoe Mines has taken note of proposed changes to the mining code in the Democratic Republic of Congo (DRC). Lawmakers in the DRC have reportedly voted in favour of new mining laws that lifts a provision which exempted licence holders from compliance with the new code for ten years. 

Katanga gaining traction at KOV mine in DRC

By: Megan van Wyngaardt     1st February 2018 TSX-listed Katanga Mining mined 433 169 t of ore, at an average grade of 2.18%, to produce 9 459 t of copper, at its KOV mine, in the Democratic Republic of Congo (DRC), during the fourth quarter of 2017. In 2016, ore mined at KOV reached 825 t and was related to incidental ore mined during waste... 

Arc settles Slovakia liability

By: Creamer Media Reporter      31st January 2018 Aim-listed Arc Minerals, formerly Ortac Resources, has agreed a settlement of royalty relating to the original purchase of the Sturec gold project, clearing the way for the company to sell the Slovakia asset. The $3.75-million vendor royalty came into existence following the purchase of the asset... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Tanzania moves to buy standard-gauge rail rolling stock

By: John Muchira     26th January 2018 Tanzania has set in motion the process to acquire rolling stock to be used on the standard-gauge railway (SGR) network that is currently under construction as it vies to become East Africa's transport hub. According to an international tender notice floated by State-run railway company Reli... 

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