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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... 

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... 

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... 

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... 

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.   

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,... 

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... 

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... 

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’ –... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

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

Southern Africa’s citizens must stand up for themselves to make sure that the region does not lose out on the next mining boom

By: Martin Creamer     1st December 2017 The citizens of the Southern African region are at last beginning to stand for themselves. Three decades of bullying is abating in Zimbabwe, resistance is building up against the pathetic performance of the government of South Africa and forces are at work to bring an errant government into line... 

Ortac optimistic of new DRC acquisition after positive drilling outcomes

By: Natasha Odendaal     29th November 2017 Aim-listed Ortac Resources on Thursday reported further significant mineralisation intersection at its Casa mining project, in the Democratic Republic of the Congo. The new gold assay results emerged from the expansion and infill drill programme currently under way at its Akyanga gold deposit and... 

‘Mining’ the most out of OTR tyres with NitraLife’s nitrogen filling: improved safety, better inflation and less ‘hot air’

     24th November 2017 Today, in the mining industry, safety standards are more stringent than ever. Should a mine experience an incident, which results in an injury or even a fatality, the subsequent legal consequences and financial penalties can be severe. A potential risk in open-pit mines concerns the ultra-large... 

Ivanhoe marks first blast at Kakula

By: Natasha Odendaal     21st November 2017 TSX-listed Ivanhoe Mines has marked the start of work on the twin declines at the ultrahigh-grade Kakula copper discovery, at the Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC), with the first blast. The Kakula boxcut was successfully completed on October 26, followed by... 

On-The-Air (17/11/2017) 

By: Martin Creamer     17th November 2017 Tin mining is back with a bang as two companies rake in money for two new tin-mining projects; Australians have once again caught South Africans napping by initiating a big new mineral exploration programme in the Northern Cape; and The State mining company of the Democratic Republic of Congo is... 

DRC State mining company under fire 

     16th November 2017 Certain revenues of the Democratic Republic of Congo State mining company have not been directed to the public treasury and are largely beyond the realm of public oversight, claims a report by the Carter Centre. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in... 

Banro committee seeks debt restructure

By: Anine Kilian     13th November 2017 A special committee comprising independent directors of NYSE-and-TSX-listed Banro Corporation are in discussion with the company’s major stakeholders regarding the possible restructuring of the company’s non-Democratic Republic of the Congo (DRC) debt obligations, as well as the provision of... 

New Alliance to ensure responsible cobalt supply from Africa

By: Robyn Wilkinson     10th November 2017 Joining other international businesses and organisations at the inaugural World Economic Forum Sustainable Development Impact Summit, held in New York from September 18 to 19, diversified miner Eurasian Resources Group (ERG) helped launch the Global Battery Alliance. 

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Opportunities persist in sub-Saharan Africa, despite unfavourable mining sector

     10th November 2017 Opportunities remain in sub-Saharan Africa (SSA), despite a spate of regulatory changes and policy uncertainty across major mining countries in the region eroding investor sentiment, highlighting the region’s mining sector as the riskiest in the world, according to Fitch-affiliated BMI. The... 

Ivanhoe expects new mineral resource estimate for Kakula by year-end

By: Anine Kilian     9th November 2017 TSX-listed Ivanhoe Mines expects a new mineral resource estimate for the entire Kakula discovery, in the Democratic Republic of Congo, by the end of the year, based on the current, delineated strike extent of least 12 km, the company said in a statement on Thursday. The new evaluation will expand... 

DRC’s State mining company hiding revenues – Carter Center

By: Martin Creamer     6th November 2017 Certain revenues of Democratic Republic of Congo (DRC) State mining company Gécamines are not directed to the public treasury and are largely beyond the realm of public oversight, resulting in the DRC and its people being deprived of many of the benefits of its rich minerals endowment, the Carter... 

On-The-Air (03/11/2017) 

By: Martin Creamer     3rd November 2017 One of South Africa’s largest and foremost black-controlled companies is spending R20-billion in Limpopo and Mpumalanga on coal-mining projects; Africa is streaking ahead of South Africa in the race to build the world’s most automated mines; and Unchallenged illegal mining has brought the... 

Ivanhoe hits shaft-digging milestone at Platreef

By: Henry Lazenby     1st November 2017 Africa-focused megaproject developer Ivanhoe Mines has reached the 500-m level below surface, during construction of the first shaft of the Platreef platinum-group meals (PGM) project, in South Africa's Limpopo province. The 7.25-m-diameter Shaft 1, which is expected to reach the Flatreef... 

Ghost town of Cobalt gets first jolt from Tesla’s electric cars

By: Bloomberg     1st November 2017 Ironically, Cobalt, Ontario – population 1,100 – was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down... 

Ivanhoe agrees to rehabilitate critical rail line in DRC

By: Natasha Odendaal     30th October 2017 TSX-listed Ivanhoe Mines is preparing to rebuild the 34 km of rail track that connects the Kipushi zinc/copper/silver/germanium mine with the Democratic Republic of the Congo’s (DRC’s) national railway at Munama, south of Lubumbashi. Under terms of a memorandum of understanding (MoU) with DRC... 

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