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African troops fighting terrorism in Sahel are protecting world – UN

By: African News Agency      10th July 2018 UN Secretary-General Antonio Guterres has paid tribute to African troops fighting terrorism in the Sahel, saying they were not only protecting those in the restive Sahel region - but also the whole world. Gueterres made his comments at a press conference during the second annual UN-African Union... 

Tiger cancels sale of Kipoi to Chinese firm

By: Esmarie Swanepoel     6th July 2018 Copper miner Tiger Resources has pulled the plug on the divestment of its assets in the Democratic Republic of Congo (DRC) to a Chinese consortium. Tiger in January announced that it would sell its Kipoi mine and other assets in the DRC to special purpose vehicle Sinomine Fuhai (Hong Kong)... 

Congo court suspends hearing on Glencore-owned cobalt mine

By: Bloomberg     2nd July 2018 A court in the Democratic Republic of Congo suspended a hearing about a lawsuit brought by a former shareholder of a Glencore-owned cobalt and copper mine. The case was put on hold pending a decision by the country’s Court of Appeal on whether the High Court should have jurisdiction over the... 

Inkulu Plastics expands offerings and services

By: Melissa Zisengwe     29th June 2018 Gas pipes provider Inkulu Plastics now offers the South African market a range of small-, medium- and large-bore high-density polyethylene (HDPE) gas pipes of between 16 mm and 630 mm in diameter. “Manufactured in accordance with ISO 4437 standards, our gas pipes and fittings are quality-tested... 

Copper remains globally undersupplied, but production to pick up in next decade – BMI

By: Marleny Arnoldi     27th June 2018 BMI Research expects the global copper market to experience a persistent undersupply over the coming years, as global consumption growth, driven by China's power and infrastructure sectors and increasingly by rising electric vehicle (EV) production, continues to outpace supply growth.  

First Quantum says competitiveness key to Zambia copper production

By: African News Agency      22nd June 2018 Global metals and mining company First Quantum has urged Zambia to ensure competitiveness and stability in the sector in order to attract foreign direct investment and regain its slot as Africa's largest copper producer. Essential to this is a competitive electricity tariff structure that... 

Cobalt explorers see Congo mine law offset by price, high grades

By: Bloomberg     21st June 2018 Junior miners exploring for cobalt in the Democratic Republic of Congo (DRC) reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed. Congo, the world’s largest source of the metal, this month began implementing an... 

Copperbelt Energy of Zambia eyes $250m power investment

By: Bloomberg     20th June 2018 Copperbelt Energy Corp, the Zambian electricity supplier with customers including Glencore’s copper mines, may invest as much as $250-million in solar projects and transmission lines in the neighboUring Democratic Republic of Congo (DRC), CEO Owen Silavwe has said. The amount includes two solar... 

Alphamin closes C$19.2m equity financing

By: Creamer Media Reporter      18th June 2018 TSX-V- and AltX-listed Alphamin Resources has raised C$19.2-million through the issue of 76.8-million shares at C$0.25 apiece. As part of the private placement, first announced on May 28, Alphamin CEO Boris Kamstra subscribed for 512 000 shares. 

PPC delivers on strategic priorities, posts higher FY18 headline earnings

By: Simone Liedtke     18th June 2018 Cement producer PPC on Monday posted a 172% year-on-year increase in headline earnings to R231-million for the financial year ended March 31, while gross profit rose 3% on a strong performance by the group’s operations in Zimbabwe and Rwanda. The group’s cement sales volumes increased by 6% to... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst

By: Chanel de Bruyn     15th June 2018 Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its DRC assets, says Goldman Sachs. Glencore, led by CEO Ivan Glasenberg, on Friday announced that it had... 

Resource nationalism on the rise in sub-Saharan Africa

By: Nadine James     15th June 2018 The seemingly increasing trend towards nationalist thinking, combined with and likely driven by growing economic inequality, has resulted in several changes in mining and tax legislation in sub-Saharan Africa countries. Herbert Smith Freehills Africa Group co-chair and partner Peter Leon says the... 

Congo's miners face harsh new reality as mining law finalised

By: Bloomberg     13th June 2018 The options for mining companies battling new legislation in the Democratic Republic of Congo -- Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt -- have just about run out. After six months of lobbying, companies including Glencore and Randgold Resources have... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     13th June 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Glencore’s Katanga resolves debt dispute with Gécamines

By: Marleny Arnoldi     13th June 2018 Diversified miner Glencore’s Katanga Mining subsidiary has settled its legal dispute with Democratic Republic of Congo (DRC) State-owned trading and mining company La Générale des Carrières et des Mines (Gécamines).  

Mining companies combating malaria scourge – ICMM

By: Martin Creamer     13th June 2018 Mining companies are taking firm steps to help combat the scourge of malaria, which affects 3.3-billion people worldwide and kills a child every 30 seconds. International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton reports that: 

Black Mountain step change takes effect

By: Esmarie Swanepoel     13th June 2018 Junior Black Mountain Resources has completed its restructure, disposing of its interest in the Namekara vermiculite mine, and changing its name to Hipo Resources. Black Mountain in February this year flagged a change in direction to focus on its lithium farm-in agreement in the Democratic... 

Raubex Renovo Brings Mall Glamour To Cameroon

11th June 2018 A modern shopping mall, complete with convention centre and cinemas, will grace Cameroon’s financial capital city of Douala by the end of 2019 – and South African turnkey specialist Raubex Renovo is making it happen. The €45 million Douala Grand Mall is part of a larger development that will... 

Cobalt battery boom wavers as prices slide in top user China

By: Bloomberg     11th June 2018 Cobalt is facing its first major test since an impending demand boom from electric vehicles triggered a two-year surge, with prices retreating in top consumer China amid signs there’s still enough material to go around. The price for cobalt sulfate – the chemical form used in car batteries and... 

Alphamin completes $25m drawdown

By: Anine Kilian     8th June 2018 JSE-listed Alphamin Resources has completed a $25-million drawdown under its previously announced credit facility of up to $80-million. In addition, the company reported on Friday that it converted $3.40-million of debt due to Sprott Private Resource Lending, Barak Fund and the company’s 44.86%... 

Glencore faces new legal challenge against Congo cobalt mine  

By: Bloomberg     8th June 2018 For Glencore in the Democratic Republic of Congo, problems don’t form an orderly queue: they pile up on top of each other. In the latest example of the commodity giant’s deteriorating relationships in the country, a convicted fraudster has resurrected a legal claim the company considered dead,... 

Congo mining revenues triple in Q1; oil revenues down 11%

By: Reuters     6th June 2018 Democratic Republic of Congo's (DRC's) revenues from its mining sector tripled year-on-year in the first quarter of 2018 to $397.86-million, finance ministry data showed. Revenues from the oil and gas sector dropped 10.87 percent year-on-year in the first quarter to $29.45-million, according to... 

ABM completes two auger programmes at DRC project

By: Simone Liedtke     5th June 2018 Aim-listed African Battery Metals (ABM), which has set its sights on becoming a significant explorer, developer and miner of battery minerals, has completed two auger programmes that collected soil samples at its 53 km2 Kisinka permit area, in the Democratic Republic of Congo (DRC). After... 

Arc Minerals lifts Zamsort stake to 55%

By: Simone Liedtke     5th June 2018 Aim-listed Arc Minerals has increased its interest in Zamsort, which is developing a copper/cobalt project in north-west Zambia, to 55% following the acquisition of a 6% interest from Terra Metals. The company will issue 17.5-million new ordinary shares, which are also subject to a hard lock-in... 

Worldwide Orders Make For Bullish Mood

4th June 2018 Condra has received an order for a further overhead crane from Kamoto Copper Company, the copper and cobalt mine in the south of the Democratic Republic of Congo. It is the eighth machine to be ordered by Kamoto Copper from Johannesburg-headquartered Condra in just over a year and, like its... 

Ivanhoe installs new crusher at Kipushi mine

By: Anine Kilian     30th May 2018 Canadian exploration and development company Ivanhoe Mines has installed a large-capacity rock crusher 1 150 m below surface at its upgraded Kipushi zinc/copper/silver/germanium mine, in the Democratic Republic of Congo (DRC). The crusher has a maximum capacity of 1 085 t/h. After the 54 t... 

Alphamin to raise $15m through private placement

By: Marleny Arnoldi     28th May 2018 JSE-listed tin exploration and mining company Alphamin Resources intends to raise about C$19.2-million, or $15-million, through a nonbrokered private share placement, to fund the continued development of the company’s 80.7%-owned Bisie tin project, in the Democratic Republic of Congo (DRC).  

Electric vehicles seen driving cobalt crunch by mid-2020s

By: Reuters     25th May 2018 The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in... 

Glencore goes from crisis to crisis with possible bribery probe

By: Bloomberg     21st May 2018 It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo. The world’s biggest commodity trader is facing the possibility of a bribery investigation by British prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of... 

Threat of cobalt supply shock is top risk for electric vehicles

By: Bloomberg     21st May 2018 A burgeoning risk of a supply crunch in cobalt – a key battery metal that’s more than tripled in price in two years – poses one of the biggest threats to forecasts for rising electric vehicle adoption. Major investment in mines is required to avoid price spikes that could see cost reductions for... 

Glencore said to face UK bribery probe over Congo dealings

By: Bloomberg     18th May 2018 The UK’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo (DRC), according to two people with knowledge of the matter. Investigators at the Serious Fraud... 

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

Rising resource nationalism seen as 'fire burning' for miners

By: Bloomberg     17th May 2018 A rising tide of resource nationalism is causing miners to rethink where they invest and creating volatility for a sector already buffeted by brewing trade wars. “A significant industry issue is resource nationalism,” Rio Tinto Group CEO Jean-Sebastien Jacques told investors at a conference in... 

Katanga ramps up DRC copper, cobalt production as legal woes mount

By: Henry Lazenby     15th May 2018 Commodity giant Glencore’s majority owned and publicly traded Democratic Republic of Congo- (DRC-) focused copper/cobalt unit Katanga Mining is ramping up output after resuming production from the Phase 1 whole ore leaching project on December 11, the company reported on Tuesday. Katanga will... 

DRC Mining Code draft regulations complete, but industry still hopes for changes

By: Marleny Arnoldi     15th May 2018 Major mining companies operating in the Democratic Republic of Congo (DRC) remain hopeful that meaningful changes can still be made to the 2018 Mining Code.  

WHO gets approval to use Ebola vaccine in DRC

By: Reuters     14th May 2018 The World Health Organization has been given the go-ahead by officials in the Democratic Republic of Congo to import and use an experimental Ebola vaccine in the country, WHO Director-General Tedros Adhanom Ghebreyesus said on Monday. "We have agreement, registration, plus import permit,... 

Cobalt supply pressures rising amid DRC conflict mineral concerns

By: Anine Kilian     11th May 2018 Technology and clean technology companies are increasingly struggling to secure adequate supplies of cobalt, while the ethical sourcing of cobalt also remains a challenge. The Democratic Republic of the Congo (DRC) provides about two-thirds of the world’s cobalt supplies, but traceability of... 

Gold industry running risk of becoming irrelevant – Bristow

By: Martin Creamer     10th May 2018 The gold mining industry is running the risk of becoming irrelevant to the investment community. “It hasn’t delivered much value for a long time,” Randgold Resources CEO Dr Mark Bristow commented to Mining Weekly Online during an interview to mark the company’s presentation of first-quarter... 

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