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Africa’s biggest copper find keeps giving as Ivanhoe hits mineralisation 3.8 km west of Kakula

By: Henry Lazenby     22nd March 2017 The TSX-listed stock of Africa-focused explorer Ivanhoe Mining on Tuesday rose 12% after it announced that it had encountered more shallow, high-grade mineralisation at Africa’s largest copper deposit ever – the Kamoa-Kakula copper discovery, in the Democratic Republic of Congo (DRC). A new hole... 

Congo sees Trump roll-back of Dodd-Frank stoking insecurity

By: Bloomberg     20th March 2017 The Democratic Republic of Congo (DRC) warned that proposals by the Trump administration to roll back laws on so-called conflict minerals from central Africa risks stoking violence by armed groups in the region. The suspension of Section 1502 of the Dodd-Frank Act “in the long run, will... 

Bell Equipment's earnings contract in difficult FY16

By: Natasha Odendaal     16th March 2017 JSE-listed Bell Equipment, emerging from one of the most challenging years in its history, on Thursday said it did not achieve its goal of delivering financially sustainable results in 2016. Hit with tough trading conditions, the discovery of fraud and mismanagement in the group's operation in... 

Nzuri shakes the tin for DRC project

By: Esmarie Swanepoel     16th March 2017 Junior Nzuri Copper will raise A$4.78-million through a share placement to institutional and sophisticated investors, to complete the definitive feasibility study (DFS) at its Kalongwe copper project, in the Democratic Republic of Congo. Nzuri, formerly Regal Resources, on Thursday said the... 

Rain dampens PPC cement sales for January and February

By: African News Agency      13th March 2017 Cement producer PPC said on Monday that adverse weather had negatively affected cement and concrete sales in South Africa during January and February 2017. PPC was providing an operational update which reflected that rainfall in excess of 200 mm was experienced in many parts of the country during... 

Tech metals supply lagging demand as electric car production increases

By: David Oliveira     10th March 2017 The burgeoning lithium-ion battery market, buoyed by increased demand for and production of electric vehicles (EVs), among other end-uses, is making it increasingly difficult for producers of tech metals such as lithium and cobalt to keep pace with the demand from technology developers. Global... 

DRC group responds to Global Witness on royalties issue

By: Martin Creamer     6th March 2017 Democratic Republic of Congo (DRC) group Fleurette has responded to criticism directed at it on the Kamoto Copper Company (KCC) royalties issue. The issue in question centres on the sale by DRC State mining company Gecamines of royalties from Katanga’s KCC project to a Fleurette-owned entity. 

Glencore in pole position to benefit from growing cobalt demand

By: Martin Creamer     1st March 2017 Heightened ownership of the Mutanda and Katanga mines in the Democratic Republic of Congo (DRC) puts cobalt in a strong potential earnings position for Glencore, the world’s dominant supplier of the metal that is attracting attention because of its growing use in electric vehicles (EVs). In an... 

Africa becoming more attractive to mining investors, but policy stifles South Africa’s mining industry

By: Megan van Wyngaardt     1st March 2017 While Zimbabwe and Mozambique ranked in the bottom ten of the most attractive jurisdictions in the world for mining investment, the Canada-based Fraser Institute’s ‘Annual Survey of Mining Companies 2016’, shows that the continent continues to look better for investors and ranks ahead of Oceania,... 

China's Sinoma to build $1bn cement plant in Tanzania

By: Reuters     1st March 2017 China's State-run Sinoma International Engineering Company will start work in May to build a $1-billion cement factory in Tanzania, the East African country's prime minister's office said. The cement factory to be built on the Tanzanian coastal town of Tanga will primarily target export markets... 

Growth in copper supply to slow through 2020 – ICSG

By: Henry Lazenby     24th February 2017 Global copper mine production growth is expected to slow to 2.5% a year through 2020, down from an average growth rate of almost 4% a year in the last five years, the International Copper Study Group (ICSG) said on Thursday. The Lisbon, Portugal-based think tank cited continued delays in project... 

Air force base sends 60 cadets for training

     24th February 2017 From next year, the South Africa Air Force (SAAF) will send 60 cadets to a military academy in Saldanha in the Western Cape each year to pursue their first degree in their chosen fields. This will include future pilots, navigators, engineers, technicians and other support mustering. 

Analysts acclaim Glencore’s performance as good fundamentals return

By: Martin Creamer     23rd February 2017 Commodity market fundamentals are improving against a backdrop of better than expected demand and limited, if any, inventory build through the trough of the cycle, diversified mining and marketing company Glencore said on Thursday. This comes against the background of the London-, Hong Kong- and... 

Cape Lambert enters into JV to develop DRC copper/cobalt projects

By: Esmarie Swanepoel     21st February 2017 ASX-listed Cape Lambert has inked a joint venture (JV) agreement with Congolese company Paragon Mining to develop the Kipushi cobalt-copper tailings project, the Kasombo copper-cobalt project and operate the Kipushi processing plant, in the Democratic Republic of Congo (DRC). The JV will operate... 

Free cash rockets to $278m, dividend resumed – AngloGold

By: Martin Creamer     21st February 2017 Gold mining company AngloGold Ashanti will resume dividends after lower operating and interest costs helped it nearly double free cash flow to $278-million on lower production. In the 12 months to December 31, AngloGold Ashanti produced 3.6-million ounces of gold across its 17-mine portfolio at a... 

African Utility Week Industry Awards include new gas, small scale and ICT categories to reflect evolution of energy and water sectors

     20th February 2017 Nominations are open for top industry professionals and projects   “I know the energy revolution is powering up and ready to take off. We should embrace energy trade with each other”.  With these words Mr Kandeh Yumkella, UN Under-Secretary-General and Former Special Representative of the... 

Glencore’s DRC copper top-up wins analyst cheer

By: Martin Creamer     14th February 2017 Diversified mining and marketing company Glencore has bought the remaining 31% stake in Mutanda Mining for $922-million and a further 10.25% stake in Katanga Mining for $38-million from Dan Gertler’s Fleurette Group, the company’s joint venture partner. The all-cash transaction will result in... 

Glencore consolidates DRC copper asset ownership

By: Henry Lazenby     13th February 2017 Global diversified miner Glencore has increased its holding in copper assets in the Democratic Republic of Congo (DRC) after buying a 31% interest in Mutanda Mining from billionaire mining tycoon Dan Gertler’s Fleurette Group and a 10.25% stake in Katanga Mining. Glencore paid Fleurette... 

Banro's major shareholders support its recapitalisation

By: Creamer Media Reporter      1st February 2017 Major shareholders of TSX- and NYSE MKT-listed Banro Corporation have agreed to support the company’s recapitalisation, which will see it refinance $207.5-million of outstanding debt, equitize outstanding preferred shares and raise $45-million by way of a gold forward sale. The recapitalisation... 

Africa’s mineral exploration budget 24% lower y/y in 2016

By: David Oliveira     26th January 2017 Although Africa accounted for 13%, or $916-million, of the global mineral exploration budget in 2016, research from Standard & Poor’s (S&P’s) Global Market Intelligence has revealed that that was 24% lower than in 2015. The continent has, thus, dropped to being the fourth-largest investor in... 

Randgold’s Kibali ends challenging year with strong finish

By: Henry Lazenby     24th January 2017 Despite dealing with certain critical issues in the Democratic Republic of Congo (DRC), gold producer Randgold Resources has kept capital projects at its 45%-owned Kibali mine on track, the company announced Monday. The mine dealt with a tough first half of 2016 with the Kibali plant’s transition... 

DRC drops objection to $3.8bn Freeport, Lundin sales

By: Bloomberg     18th January 2017 The Congolese government has dropped objections to Freeport-McMoRan and Lundin Mining’s $3.8-billion combined sales of one of the country’s biggest mines to Chinese companies, bringing an end to an eight-month dispute. Minister of Mines Martin Kabwelulu said by text messages that he had written... 

Govt officials endorse development of DRC tin project

By: Anine Kilian     17th January 2017 Government officials from the North Kivu province in the Democratic Republic of Congo (DRC) have endorsed the development of Alphamin Resources’ 10 000 t/y Bisie tin project. Construction on the project is expected to begin in the first quarter of this year, with the mine to reach full production... 

Vector reports maiden resource at DRC gold prospect 

By: Esmarie Swanepoel     17th January 2017 ASX-listed junior Vector Resources has reported a maiden inferred Joint Ore Reserves Committee-compliant resource of 6.96-million tonnes at its Kabotshome gold prospect, in the Democratic Republic of Congo. Grading 1.9 g/t gold, the prospect, which forms part of the greater Maniema gold project,... 

Zest Energy Provides Mobile Power For Kamoa-Kakula Mine Development In The DRC

     16th January 2017 The development of the world’s largest high-grade copper deposit – the Kamoa-Kakula Copper Project in the Democratic Republic of Congo– now is running on power from the DRC’s national grid using a mobile substation recently commissioned by South Africa’s Gauteng-based Zest Energy. The 120/11 kV... 

Vector buys into DRC gold

By: Esmarie Swanepoel     10th January 2017 ASX-listed junior Vector Resources has acquired a 70% interest in the Maniema gold project, in the Democratic Republic of Congo, in exchange for two-billion of its shares. A further 250-million shares in Vector were issued to the company’s advisers in consideration for services provided in... 

Glencore mulls bigger stake in Mutanda Mine in DRC

By: African News Agency      6th January 2017 Glencore said on Friday that it was considering options to take a bigger stake in the Mutanda Mine, a copper and cobalt mine in the Democratic Republic of Congo. The global mining company said the announcement to shareholders was being made in response to queries from the media. It said it would... 

Refined copper widens nine-month deficit - report

By: Henry Lazenby     23rd December 2016 The latest data out from the Lisbon-based International Copper Study Group (ICSG) shows a copper production deficit of 84 000 t for the first nine months this year, wider than the deficit of around 28 000 t in the comparable period of 2015. The ICSG’s preliminary data for September world copper... 

Report says Zambia needs more friendly tax regime to attract mining investors

By: Ilan Solomons     15th December 2016 Zambia needs a more competitive mining tax regime to entice new and existing investors to invest billions of dollars in the mining industry and boost flagging production, says Zambia Chamber of Mines (ZCM) president Nathan Chishimba. “Zambia Finance Minister Felix Mutati’s Budget Speech, last... 

Ivanhoe PEA outlines two alternatives for DRC-based Kamoa/Kakula deposits

By: Henry Lazenby     13th December 2016 A new preliminary economic assessment (PEA) has outlined two potential initial development scenarios for Ivanhoe Mines’ “disruptive” Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC). The PEA examined two initial scenarios for development of the high-grade copper deposits at... 

SFO probes Israeli billionaire, ex-ENRC directors on Congo deals

By: Bloomberg     5th December 2016 The UK Serious Fraud Office (SFO) is investigating Israeli billionaire Dan Gertler and four former Eurasian Natural Resources Corporation (ENRC) executives as part of its three-year probe into the Kazakh company’s acquisition of copper and cobalt mining projects in the Democratic Republic of... 

Armadale, KMP to proceed with DRC gold project JV

By: Megan van Wyngaardt     5th December 2016 Kisenge Mining (KMP) has completed due diligence and exercised its option to form a joint venture (JV) over Aim-listed Armadale Capital’s Mpokoto gold project, in the Democratic Republic of Congo. Mpokoto has a total mineral resource of 678 000 oz gold from 14.58-million tonnes, at 1.45 g/t. 

The worst appears to be over for mining sector – Barloworld

By: Irma Venter     2nd December 2016 For the first time in four years some green shoots are starting to appear in the mining industry, says Barloworld CE Clive Thomson. Discussing the JSE-listed group’s financial results for the year ended September 30, he says he believes the current cycle has reached its bottom. 

Production fast-tracked during Phase 1 of Ivanhoe’s Platreef development

By: Anine Kilian     28th November 2016 The main sinking phase of Africa-focused mining developer Ivanhoe Mines’ Limpopo-based Platreef development is expected to reach 980 m below surface in 2018, the company noted during a project update on Monday. Executive VP of operations Mark Farren added that underground access to the deposit... 

Ivanhoe expands its malaria campaign in DRC

By: Anine Kilian     23rd November 2016 Africa-focused project developer Ivanhoe Mines is expanding its Know for Sure campaign, an initiative sponsored by Ivanhoe and China-based gold, copper and nonferrous metals producer Zijin Mining Group to help control malaria in the Democratic Republic of Congo (DRC). The project uses mobile... 

Copper surplus reaches 154 000 t in August on weaker Chinese demand, seasonality

By: Henry Lazenby     23rd November 2016 New analysis by the International Copper Study Group (ICSG) has shown an apparent production surplus of around 154 000 metric tonnes in August, mainly owing to weaker Chinese demand and seasonally weak use in other regions. The Lisbon, Portugal headquartered think tank said in a statement Monday... 

Some green shoots visible in mining sector, says Barloworld’s Thomson

By: Irma Venter     21st November 2016 For the first time in four years some green shoots are starting to appear in the mining industry, says Barloworld CE Clive Thomson. Discussing the JSE-listed group’s financial results for the year ended September 30, in Johannesburg, he said he believed the current cycle had reached its bottom. 

DRC govt gains additional 15% stake in Ivanhoe’s Kamoa–Kakula project

By: Megan van Wyngaardt     18th November 2016 TSX-listed Ivanhoe and its joint venture partner Zijin Mining Group have transferred a further 15% interest in the Kamoa-Kakula copper project to the Democratic Republic of Congo (DRC) government. The government now owns 20% of the project, while Ivanhoe and Zijin each hold an indirect 39.6%... 

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