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Tiger sells DRC assets to Chinese consortium

By: Creamer Media Reporter      22nd January 2018 Copper miner Tiger Resources, which has been in voluntary suspension on the ASX for nearly a year, announced on Monday that it would sell its Kipoi mine and other Democratic Republic of Congo (DRC) assets to a Chinese consortium. Sinomine Fuhai (Hong Kong) Overseas Resources Investment, a special... 

Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals

By: Mia Breytenbach     19th January 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on... 

Opencast mining tyre safety increased with use of up to 98% pure nitrogen

By: Victor Moolman     19th January 2018 On-site nitrogen generator supplier NitraLife has supplied numerous opencast mines across Southern Africa with nitrogen generators, and has noticed increased nitrogen use to inflate large off-the-road (OTR) tyres of mining vehicles. The company has established its client base in the region over... 

Glencore shrinks job of billionaire copper head amid Congo probe

By: Bloomberg     15th January 2018 Glencore reduced the role of its billionaire head of copper, Aristotelis Mistakidis, shaking up the business after a review in the Democratic Republic of Congo raised questions about accounting and management. Mistakidis, one of Glencore’s largest shareholders and a key lieutenant of CEO Ivan... 

Armadale to sell noncore Mpokoto project

By: Anine Kilian     12th January 2018 Aim-listed Armadale Capital has entered into a heads of agreement (HoA) with Weghsteen Capital Advice (WCA) for the sale of Armadale’s interest in the Mpokoto gold project, in the Democratic Republic of Congo, to Radismore, for $562 500 and a 1.5% royalty on gold produced.  WCA is acting on... 

Ortac is renamed Arc Minerals

By: Creamer Media Reporter      12th January 2018 In a new chapter for Aim-listed Ortac Minerals, the company is changing its name to Arc Minerals and will start trading under the new name on January 22. The renaming follows a number of material changes that have been implemented, including executing a strategy to focus on its African... 

Congo may more than double tax on critical global cobalt supply

By: Bloomberg     10th January 2018 The Democratic Republic of Congo is preparing to more than double a tax on two-thirds of global cobalt supply, potentially increasing the cost of the critical battery metal just as the world begins to embrace electric vehicles. Congo, the world’s biggest cobalt producer, will increase the royalty... 

Ortac analyses gold potential at Akyanga

By: Anine Kilian     9th January 2018 Aim-listed gold explorer and developer Ortac Resources has reported positive gold assay results from the Democratic Republic of Congo- (DRC-) based Akyanga licence area, following the company’s acquisition of Casa Mining. To date, Ortac owns 87.4% of Casa and expects to complete the acquisition... 

Ivanhoe’s DRC copper mines connected to grid as hydropower plant is upgraded

By: Megan van Wyngaardt     8th January 2018 TSX-listed miner Ivanhoe Mines on Monday said its Kakula mine development site, 10 km south of Kamoa’s initial Kansoko mine site, in the Democratic Republic of Congo (DRC), started receiving power from the national grid in December. Kakula’s development is being fast-tracked, with a... 

TSX, NYSE American to delist Banro equities

By: Henry Lazenby     28th December 2017 Embattled miner Banro has received notice from both the TSX and the NYSE American exchanges that its trade-suspended equities will be delisted in the New Year. The Toronto-based miner, which operates two gold mines in the Democratic Republic of Congo (DRC), on Friday filed for bankruptcy... 

SP Angel outlines key 2018 trends as battery raw materials heat up

By: Creamer Media Reporter      21st December 2017 London-based brokerage SP Angel has outlined the key trends that characterised the basket of energy metals during 2017 and the the outlook for 2018 in its new ‘Battery Raw Material Review, Outlook – SP Angel Commodity Research Book’ published on Wednesday. The report pointed out that the... 

Amani Gold extends feasibility study for Giro project

By: Megan van Wyngaardt     19th December 2017 ASX-listed Amani Gold has secured an agreement with Democratic Republic of Congo (DRC) State-owned entity, Société Minière de Kilo Moto (Sokimo) for an extension to the deadline for completion of a feasibility study at the Giro gold project. The company’s DRC subsidiary, Amani Consulting and... 

Ortac Resources initiates more work programmes at DRC project

By: Megan van Wyngaardt     15th December 2017 Aim-listed Ortac Resources’ subsidiary Casa Mining will start additional work programmes at its Akyanga licence area, in the Democratic Republic of Congo, to incorporate parallel extensions to project, as part of the existing drill programme. This follows the completion of a review of previous... 

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

By: Reuters     15th December 2017 Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of... 

Small- and medium-scale operations punted as ‘the future’ of mining

By: Mia Breytenbach     15th December 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

Alphamin raises R33m in South African private placing

By: Natasha Odendaal     14th December 2017 TSX-V-listed tin exploration and development company Alphamin Resources has raised R33.8-million ($2.5-million) through a South African private placement. Alphamin will issue 9.95-million units to the successful South African participants at a price of R3.40 a unit. 

Chinese cobalt chemicals giant backs Nzuri’s DRC copper/cobalt mine

By: Mariaan Webb     14th December 2017 The world’s largest cobalt chemical producer, Huayou Cobalt, has made a A$10-million strategic investment in Australia-listed Nzuri Copper to advance that company's copper and cobalt projects in the Democratic Republic of Congo (DRC). China’s Huayou, which also has established operations in the... 

Ivanhoe concludes Kipushi PFS, embarks on DFS

By: Natasha Odendaal     13th December 2017 TSX-listed Ivanhoe Mines has outlined the “outstanding” findings of a prefeasibility study (PFS) to revive the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo. The PFS, undertaken to refine the findings of the 2016 preliminary economic assessment (PEA) and... 

Ortac increases stake in Casa to 84.7%

By: Megan van Wyngaardt     13th December 2017 Aim-listed Ortac Resources has increased its interest in African gold developer Casa Mining from 45% to 84.7%. The company in November offered to acquire 100% of Casa through the issue of 100-million new ordinary shares. 

Africa's Sula Iron and Gold changes gear with DRC cobalt licence

By: Reuters     12th December 2017 Junior explorer Sula Iron and Gold plans to change its name to African Battery Metals, reflecting a shift in focus after it bought a controlling stake in a cobalt licence in Democratic Republic of Congo (DRC). The deal, which needs to be approved by shareholders later this month, would make Sula... 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

First blast marks Kamoa Kakula development

     8th December 2017 The first blast at the Kamoa-Kakula mine development, marking the start of work on the twin declines at the ultrahigh-grade Kakula discovery, in the Democratic Republic of Congo (DRC), has been completed ten days ahead of schedule. The successful blast at the Tier 1 copper project, near the... 

Continued focus on downstream development

By: Donald Makhafola     8th December 2017 The stage is set for the expansion of copper mining activities across the Copperbelt to take advantage of the 20-million tonnes of unmined copper in the region, nonprofit organisation Copper Development Association Africa (CDAA) director Levine Warries tells Mining Weekly.   

Copperbelt development driven by Cobalt

     8th December 2017 The African Copperbelt is experiencing a resurgence of activity following the commodity slump of recent years, says Copper Cobalt Africa Conference chairperson Kathy Sole.   

Copper-focused company positioning itself to better serve sub-Saharan Africa

By: Donald Makhafola     8th December 2017 The Sub Sahara African region has massive reserves of copper and other strategic minerals and if it can pull its act together to present an investor-friendly destination, will be the world’s largest copper supplier in 25 years, South African foundry and engineering company Thos Begbie, CEO Edwin... 

Mine improves output as copper price slated to rise

     8th December 2017 In the medium to long term, the fundamental outlook for copper is among the strongest of all metals, says diversified natural resources producer Eurasian Resources Group (ERC), which has copper assets in the Democratic Republic of Congo (DRC). “The lack of major copper plants due on stream,... 

Accelerating growth and development on the Copperbelt

     8th December 2017 By the end of day two of the three-day Caminex trade show, many exhibitors had already booked their stand for 2018. “Feedback from exhibitors was extremely positive,” says Caminex. 

DRC event promises to be bigger, better in 2018

     8th December 2017 The third edition of the DRC Mining Week exhibition and conference in 2018 will welcome mining experts to a unique platform for the enhancement of mining investment and operations in the heart of mining hub the Democratic Republic of Congo (DRC). The event is to be held in June, in Lubumbashi,... 

DRC copper/cobalt tailings project potential probed

By: Tracy Hancock     8th December 2017 Aim-listed natural resource development company Red Rock Resources has extended the 40-day period in which it would carry out due diligence on four or five copper/cobalt tailings properties near Kolwezi in the Democratic Republic of Congo (DRC). The company reported on November 3 that the due... 

Vector eyes resource adjacent to world-class Kibali mine

By: Mariaan Webb     7th December 2017 Australian junior Vector Resources is negotiating with the Democratic Republic of Congo’s State miner, Sokimo, to establish two joint ventures (JVs), one of which is adjacent to the large Kibali gold mine of Randgold Resources and AngloGold Ashanti. Vector has signed a binding agreement with... 

Tanzania-Zambia railway halts copper transportation after strike

By: Reuters     6th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and... 

Banro defers December interest payment

By: Henry Lazenby     2nd December 2017 Democratic Republic of Congo- (DRC-) focused miner Banro Corp has decided to defer an interest payment of $4.94-million that was due on Friday for up to 30 days. Under the terms of the indenture governing the 10% notes due 2021, no event of default will occur if the interest payment is made... 

The cobalt crunch for electric cars could be solved in suburbia

By: Bloomberg     1st December 2017 Almost 9 000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt – the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a doughnut at Tim Hortons. Scientists working for American... 

Demand for battery metals will drive African exploration, investment

By: Nadine James     1st December 2017 Growth in the electric vehicle (EV) market will boost demand for battery metals exponentially, driving exploration and investment in Africa. This was discussed during a live-streamed Mining Indaba panel on energy metals in which Cobalt 27 chairperson Anthony Milewski, Montero president and CEO Dr... 

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

By: Henry Lazenby     1st December 2017 Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle's profits can outpace its peers. Cobalt, a critical ‘energy... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once- in-a-lifetime investment opportunities among the four key ‘energy metals’ –... 

'Miner's revenge' is coming with electric cars, Friedland says

By: Bloomberg     1st December 2017 Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if... 

Lundin stock tumbles on disappointing production outlook

By: Henry Lazenby     1st December 2017 Base metals producer Lundin Mining saw about 21% of its TSX-listed equity wiped out on Thursday after it reported a disappointing long-term production outlook on Wednesday. The Toronto-headquartered company punted significant investments in both the Candelaria copper mine and mill, in Chile,... 

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