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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... 

Dispute at Congo cobalt mine heads to court, halts metal supply

By: Bloomberg     27th November 2017 An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine. Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern... 

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... 

Rise in DRC exploration activity expected

     20th October 2017 With the improvements in the copper price, mining interest will soon be returning to the Democratic Republic of Congo (DRC), says mining consultancy SRK Consulting country manager Susa Maleba.   “In fact, for explorers wanting to initiate drilling programmes, time is running out,” says Maleba.... 

South African zinc industry buoyed by ongoing developments

By: Tasneem Bulbulia     18th August 2017 The South African zinc industry may be under pressure, but there are numerous developments under way that are strengthening the sector, suggests International Zinc Association of South Africa (Izasa) regional director Rob White. He says the depressed state of the local zinc market is a result of... 

Cobalt company to acquire 70% interest in DRC

     2nd June 2017 Cobalt asset group First Cobalt says its transaction with Africa-focused investment and development company Madini Minerals will allow it to firmly establish a presence in one of the richest mining camps in the world. In May, First Cobalt announced that is to become a 70% joint venture partner on... 

Glencore cobalt supplies in Congo face hold up over mine row

By: Bloomberg     19th April 2017 A dispute between State-owned Gecamines and its joint venture partner at a Congolese cobalt mine that supplies Glencore threatens to halt the supply of as much as 4% of the metal within two months. Jersey-registered GTL, a joint venture between Gecamines and closely held Groupe Forrest... 

DRC group responds to Global Witness on royalties issue

By: Martin Creamer     6th March 2017 Democratic Republic of Congo (DRC) group Fleurette has responded to criticism directed at it on the Kamoto Copper Company (KCC) royalties issue. The issue in question centres on the sale by DRC State mining company Gecamines of royalties from Katanga’s KCC project to a Fleurette-owned entity. 

Glencore paid Gertler's firm $100m Congo royalties

By: Bloomberg     3rd March 2017 Glencore paid more than $100-million previously owed to the Democratic Republic of Congo’s state mining business to a company controlled by billionaire investor Dan Gertler, according to advocacy group Global Witness. It’s the first time the value of the payments made to Gertler have been made... 

Congo said to get $100-million to clear China Moly purchase

By: Bloomberg     22nd February 2017 The Democratic Republic of Congo’s state mining company received $100-million as part of a settlement to drop its objections to the sale of the country’s biggest copper mine to Chinese buyers, according to people with knowledge of the agreement. The cash payment was made last month after... 

DRC drops objection to $3.8bn Freeport, Lundin sales

By: Bloomberg     18th January 2017 The Congolese government has dropped objections to Freeport-McMoRan and Lundin Mining’s $3.8-billion combined sales of one of the country’s biggest mines to Chinese companies, bringing an end to an eight-month dispute. Minister of Mines Martin Kabwelulu said by text messages that he had written... 

Congo Minister says Glencore can buy Gertler’s copper mine stake

By: Bloomberg     12th January 2017 The Democratic Republic of Congo’s Mines Ministry said it wouldn’t oppose a transfer of ownership in the country’s biggest copper and cobalt producer, marking a departure from previous actions to block or tax changes in shareholding structures. Glencore said last week it’s considering increasing... 

SFO probes Israeli billionaire, ex-ENRC directors on Congo deals

By: Bloomberg     5th December 2016 The UK Serious Fraud Office (SFO) is investigating Israeli billionaire Dan Gertler and four former Eurasian Natural Resources Corporation (ENRC) executives as part of its three-year probe into the Kazakh company’s acquisition of copper and cobalt mining projects in the Democratic Republic of... 

Institutional challenges overshadow mineralisation

By: Nadine James     2nd December 2016 Prevailing institutional challenges facing Zambia and the Democratic Republic of Congo (DRC) will continue to hinder copper mining in the region if not addressed in a timely and satisfactory manner, says mining and business consultancy Core Africa, a division of Core Consultants. Core Africa... 

Ivanhoe on track with upgrading, recommissioning of Kipushi zinc/copper mine

By: Henry Lazenby     23rd November 2016 Canadian project developer Ivanhoe Mines is on track with the modernisation and upgrading of the Kipushi zinc/copper mine, in the Democratic Republic of Congo, having re-established clear and safe access to all areas of the main underground workings, the company stated Wednesday. The current mine... 

Congo awards payments from Glencore mine to Kabila’s friend

By: Bloomberg     15th November 2016 The Democratic Republic of Congo’s State-owned copper producer signed over millions of dollars in future payments to an offshore company owned by billionaire Dan Gertler, according to advocacy group Global Witness. Congo’s Gecamines, which holds a 25% stake in the Kamoto project of Katanga Mining... 

Freeport investors in DRC limbo as Tenke mine sale drags on

By: Bloomberg     24th September 2016 Freeport-McMoran investors have been learning the difficulties of doing business in the Democratic Republic of Congo, where even trying to leave can be an exercise in frustration. On May 9, the world’s largest publicly traded copper producer announced it would sell its 56% stake in the Tenke... 

Gecamines says Lundin withdrawal from Congo would be problematic

By: Bloomberg     23rd September 2016 Gecamines, the Democratic Republic of Congo’s State-owned miner, warned that any decision by Lundin Mining to withdraw from the Tenke Fungurume copper mine could scupper Freeport McMoRan Inc.’s proposed sale of its stake in the project. By exiting at the same time as Freeport and transferring... 

DRC's Gecamines plans Chinese joint venture at main asset

By: Bloomberg     16th June 2016 Gecamines, the Democratic Republic of Congo’s (DRC's) State-owned miner, is in talks to give China Nonferrous Metal Mining Group a majority stake in its most prospective copper asset. CNMC will finance, build and operate a copper-processing facility at the Deziwa concession in return for a 51%... 

Copper JV to add initial 50 000 t/y to DRC copper output, start operating by year-end

By: Ilan Solomons     19th June 2015 Members of the World Bank, the United Nations Development Programme (UNDP), the US Embassy in the Democratic Republic of Congo (DRC) and other foreign diplomats last month toured facilities and assessed the progress of the new Sicomines joint venture (JV), which is the DRC’s first “infrastructure... 

First copper from DRC-China deal due by year end – govt 

By: Reuters     22nd May 2015 A joint venture between Democratic Republic of Congo's (DRC's) State miner and two Chinese companies, signed under a 2009 "minerals for infrastructure" deal, will begin producing copper before the end of 2015, the DRC's government said on Thursday. Under the deal Chinese companies pledged to... 

Vale’s African production rises, Rio Tinto sells Mozambique assets

By: Keith Campbell     8th August 2014 Brazilian mining major Vale has reported a stronger performance by its Moatize coal operation in Mozambique during the second quarter of this year (2Q14) in comparison to the first quarter (1Q14). Vale’s Carborough Downs coal operation in Australia also showed better performance, taking the... 

Strike ends at Congo's Gecamines after wage deal

By: Reuters     24th June 2014 Democratic Republic of Congo state mining firm Gecamines has started paying workers unpaid wages, prompting striking miners in the copper-rich Katanga province to begin returning to work, Chief Executive Officer Ahmed Kalej Nkand said. Workers in Kolwezi, one of three Gecamines production hubs in... 

South African consultancy assisting mining industry in Cameroon

By: Leandi Kolver     27th April 2012 Mining engineering consultancy SRK Consulting is currently advising the government of Cameroon on developing a minerals and mining industry in the country, chairperson Roger Dixon tells Mining Weekly. 

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