First Quantum still in negotiations with DRC over contract, profit drops

TSX- and LSE-listed First Quantum Minerals has recorded a 16% drop in third-quarter profits, while announcing that it continued to seek a “negotiated solution” with regard to its Kolwezi contract, in the Democratic Republic of Congo (DRC)....

Under pressure, Adastra moves on DRC-project finance

TSX- and AIM-listed junior Adastra Minerals said yesterday that it had awarded mandates to the IDC of South AFrica and Invest Bank, to coarrange a South AFrican export-credit tranche of project finance for its Kolwezi tailings project, in the...

RBS to arrange DRC-project finance

TSX- and AIM-listed Adastra Minerals said yesterday that it has awarded Royal Bank of Scotland (RBS) the mandate to arrange the untied commercial bank tranche of the project financing for the Kolwezi Tailings in the Democratic Republic of Congo.

IDC green-lighted for 10% of DRC project

Canadian mining company Adastra Minerals indicated in its unaudited quarterly report to end July at the weekend that the South African Industrial Development Corporation had received go-ahead from the South African Reserve Bank to acquire 10% of...

IFC backs DRC mining project

Canadian miner Adastra Minerals yesterday announced that the World Bank Group’s board of directors had approved a proposed investment by its private-sector arm, the International Financial Corporation (IFC), into Kingamyambo Musonoi Tailings...

Canadian group acquires DRC tailings project

Canadian-based resources group Adastra Minerals yesterday announced that it has acquired the Kolwezi tailings deposits, in the Democratic Republic of Congo (DRC), positioning the company to become a major player in the global mining industry.

Gem miner sees 2003 as most productive year

US-based miner America Mineral Fields (AMF) reported that the past financial year has been the most productive for the company since its inception as a public corporation in 1995.

DRC's Kolwezi project gets restructured

Resources company Anglo American has withdrawn from its interests in a cobalt-copper project in the Democratic Republic of Congo (DRC).

Kolwezi copper project restructured

Mining companies America Mineral Fields (AMZ) and Anglo American yesterday announced that the shareholding of their joint venture company Congo Mineral Developments (CMD), the entity which holds their interests in the Kolwezi cobalt-copper...