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BHP to produce nickel sulphate next year, eyeing cobalt on battery boom

By: Reuters     18th April 2018 BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium... 

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Mining regulation changes in sub-Saharan Africa will continue to fuel uncertainty – BMI

By: Simone Liedtke     16th April 2018 Changes to the mining regulations in various markets across sub-Saharan Africa will continue to fuel uncertainty among investors and pose downside risks to forecasts in the region, says market researcher BMI Research. Internal political and economic considerations, as well as a more favourable... 

Nzuri improves economics of DRC copper/cobalt project

By: Esmarie Swanepoel     16th April 2018 An updated feasibility study (FS) over Stage 1 of the Kolongwe copper/cobalt project, in the Democratic Republic of Congo, has improved project economics, ASX-listed Nzuri Copper reported on Monday. Incorporating revised cobalt pricing and point-of-delivery, the new FS increased the project’s... 

Force looks to consolidate DRC projects

By: Esmarie Swanepoel     16th April 2018 The share price of junior Force Commodities surged by nearly 5% on Monday as the company announced the consolidation of the Kitotolo lithium project, in the Democratic Republic of Congo. Force has signed a binding heads of agreement with Walni Mineral Company to acquire a 75% interest in the... 

Services demand in Africa rising

By: Melissa Zisengwe     13th April 2018 Over the past two years, local mining engineering consultancy Ukwazi has registered a rise in demand of between 20% and 30% for its service offering across Africa. The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations... 

PITS AND PASSAGES:

By: Martin Creamer     13th April 2018 Makeshift tents dot this excavation at Kasulo township, Kolwezi, Democratic Republic of the Congo (DRC), where artisanal mining under houses, schools and churches is not uncommon. Shovels consistently strike the hard silvery-white veins of cobalt, used in rechargeable batteries to power Apple... 

Impact, Consensas partner to develop solutions to ensure conflict-free mineral sourcing

By: Marleny Arnoldi     12th April 2018 Natural resources management company Impact and technology company Consensas have partnered to create solutions to enable companies to confidently source minerals from conflict-prone and high-risk areas, while compensating women and men in local artisanal mining communities for supply chain... 

ABM to extend DRC augering programme

By: Anine Kilian     12th April 2018 Aim-listed African Battery Metals (ABM) has extended the auger programme on its Kisinka property, in the Democratic Republic of the Congo (DRC). The extension will allow the miner to investigate additional soil anomalies. 

LG Chem cobalt deal sets tone for battery cathode market

By: Henry Lazenby     12th April 2018 A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant deal worth about $440-million to build a 40 000 t/y lithium-ion battery precursor materials plant and a... 

Mining in sub-Saharan Africa region to remain riskiest globally – BMI

By: Simone Liedtke     11th April 2018 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the coming quarters as regulatory uncertainty rises in various markets across the region, says BMI Research. In addition to increasing regulatory uncertainty, the region will also witness challenges stemming from... 

Former South African President Kgalema Motlanthe joins Ivanhoe board

By: Henry Lazenby     10th April 2018 Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity, Motlanthe is expected to bring a “new dimension” to the company’s strategic evaluations, consensus... 

Resolute invests in explorer with DRC gold rights

By: Esmarie Swanepoel     4th April 2018 Australian gold producer Resolute Mining has taken a 27% interest in Canadian explorer Loncor Resources through a C$2.6-million subscription placement and a C$2.5-million share swap. The agreement will see Loncor acquire full ownership of two companies in the Democratic Republic of Congo (DRC)... 

Randgold's African mining acumen is being tested on all fronts

By: Bloomberg     4th April 2018 Randgold Resources’s celebrated ability to operate in Africa is being tested on all fronts, and it’s taking a toll on the London-listed gold miner’s stock. For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in... 

Preventive maintenance project for remote site facilities under way

By: Melissa Zisengwe     30th March 2018 Mass accommodation product supplier Ascot Site Solutions will provide preventative maintenance on current and future equipment at a project on a remote copper mine site, in the Democratic Republic of the Congo (DRC). 

Mining industry submits mining code proposal to DRC govt

By: Marleny Arnoldi     29th March 2018 Mining industry representatives on Thursday submitted a formal proposal to the Democratic Republic of Congo (DRC) Ministry of Mines, aimed at addressing concerns about the country’s recently revised mining code and government’s revenue needs.  

Ex-Microsoft manager lands Responsible Cobalt Initiative role

By: Reuters     29th March 2018 A former manager for Microsoft Corp in China has been named as the first executive secretary of the Responsible Cobalt Initiative (RCI), which works to address social and environmental risks in the cobalt supply chain. Christina Feng, who managed the US tech giant's programme for the responsible... 

Glencore faces off against labour group on Congo mine conditions

By: Bloomberg     26th March 2018 Commodity giant Glencore defended working conditions at its mines in the Democratic Republic of Congo after an international labour federation said its employees are poorly treated and underpaid. The spat with Geneva-based IndustriALL, a global union federation that says it represents more than... 

Chinese control of cobalt supply risk for EU car industry – Glencore

By: Reuters     20th March 2018 Glencore chief executive Ivan Glasenberg said that the automotive industry is waking up too late to the fact that the Chinese will hold most of the world's global cobalt supply, a key metal for electric vehicle (EV) batteries. "If cobalt falls in hands of the Chinese, yeah you won't see EVs being... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

By: Henry Lazenby     20th March 2018 Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining... 

DRC curbs expectations of miners about concessions on code

By: Bloomberg     19th March 2018 Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

Battery makers descend on Australia, Canada cobalt developers

By: Reuters     19th March 2018 Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up. Mine developers say interest from Japanese and Korean firms is particularly... 

Glencore, Randgold mines quit Congolese industry body ahead of govt talks

By: Reuters     16th March 2018 Mines run by Glencore, Randgold Resources and three other international companies have quit the Democratic Republic of Congo's chamber of commerce, saying the industry body does not adequately represent their interests after the introduction of a new mining law. The miners said in a joint... 

In-country partnerships vital to traverse cross border challenges

By: Tracy Hancock     16th March 2018 There are several constraints that hinder the cross-border supply chain in Africa, but the most daunting are the logistical challenges, given the vast distances that need to be covered – primarily over very poor roads – and congested and inefficient border crossings, says facilities management... 

Angolan railway and port restarts exporting minerals after 30 years of disruption

By: Rebecca Campbell     16th March 2018 The export of minerals from the interior of south central Africa through the port of Lobito in Angola, by means of the Benguela Railway (Caminho de Ferro de Benguela – CFB) restarted during the first week of this month. This marked the resumption of a service that was disrupted more than 30 years... 

Mining companies to engage with DRC on new mining code

By: Marleny Arnoldi     15th March 2018 A legal and technical team representing the major mining companies operating in the Democratic Republic of Congo (DRC) arrived in Kinshasa on Thursday for 30 days of engagement with the government on its new mining code.  

Cobalt to be declared a strategic mineral in the DRC

By: Reuters     15th March 2018 Democratic Republic of Congo will declare cobalt and coltan, used in electric vehicle and renewable energy technology, as "strategic" minerals which will earn the country higher royalties, an adviser to the Prime Minister said on Wednesday. A new mining code was signed into law on Friday by... 

New Congolese mining code rattling mining companies

By: Megan van Wyngaardt     13th March 2018 Beyond raising costs for domestic miners, a new mining code signed into law by Congolese President Joseph Kabila last week, poses downside risks to the investment outlook of the country’s mining industry over the coming years, as a result of heightened government intervention and regulatory... 

Creditors approve Banro's recapitalisation plan

By: Creamer Media Reporter      11th March 2018 Affected creditors have approved Banro Corporation's proposed recapitalisation plan. Banro, which operates the Twangiza and Namoya mines, in the Democratic Republic of Congo (DRC), on Friday said the creditors' approval was a key step towards its implementation and the emergence of the company... 

Ivanhoe welcomes ‘positive’ discussions with Kabila on DRC mining code

By: Marleny Arnoldi     9th March 2018 Diversified miner Ivanhoe Mines has welcomed the commitment made on Wednesday by mining industry representatives and Democratic Republic of Congo (DRC) President Joseph Kabila to continue productive and mutually advantageous discussions to resolve industry concerns arising from the DRC’s 2018... 

Kazakh miner ERG revives sale of Congo copper mine – sources

By: Reuters     7th March 2018 Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400-million, two banking sources said. The company, which is working with VTB Capital and Rothschild to spin off... 

AVZ finds offtake partner for DRC lithium project

By: Megan van Wyngaardt     7th March 2018 ASX-listed AVZ Minerals has signed a memorandum of understanding (MoU) with Guangzhou Tinci Materials Technology for potential investment in the company and offtake opportunities from the Manono lithium project, in southern Democratic Republic of Congo (DRC). Tinci is the largest battery... 

Glencore's talks to sell cobalt to Chinese firm falter on price

By: Reuters     6th March 2018 Glencore is in talks to sell around a quarter of its cobalt output in a one-year deal to Chinese firm GEM, but price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said. Cobalt has increasingly come under the spotlight over... 

Africa attracts 14% of world's 2017 exploration budget - S&P's

By: Megan van Wyngaardt     5th March 2018 Africa attracted 14% of the $8.4-billion budgeted for exploration for nonferrous metals globally in 2017, Standard & Poor's (S&P's) 'Global World Exploration Trends' report highlights. Exploration in Africa was focused mainly on the Democratic Republic of Congo (DRC), Burkina Faso, Tanzania and... 

Celsius aims to bring Namibia's first cobalt mine to production by 2020

By: Reuters     5th March 2018 Australia's Celsius Resources, which has made Namibia's first cobalt discovery, is aiming to start production from the remote mine in 2020, the company's managing director said. Cobalt is a key component in rechargeable lithium-ion batteries used in the surging electric car market but most of it... 

EV penetration rates to drive demand for numerous raw materials

By: Jessica Oosthuizen     2nd March 2018 With electric vehicle (EV) market growth to drive demand for lithium-ion batteries, as well as the materials used in their anodes and cathodes, soaring demand for numerous raw materials can be expected in the next ten years, says international metals and minerals researcher Roskill steel alloys... 

Ivanhoe announces 50% increase in Kakula indicated mineral resource estimate

By: Simone Liedtke     26th February 2018 Canadian mineral exploration and development company Ivanhoe Mines has completed an independently verified and updated mineral resource estimate for the ultra-high-grade Kakula discovery at the Kamoa-Kakula copper project, near the mining centre of Kolwezi, in the Democratic Republic of Congo... 

Vector to proceed with Kibali and Nizi gold project JVs

By: Anine Kilian     26th February 2018 ASX-listed Vector Resources has announced that will proceed with the Kibali South and Nizi gold project joint venture (JV) acquisitions in the Democratic Republic of Congo (DRC). The company completed technical and legal due diligence and has notified Société Miniere de Kilo Moto (Sokimo) of its... 

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