South African consultancy assisting mining industry in Cameroon

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.

Anvil warns Minmetals deal could be in jeopardy

ASX- and TSX-listed Anvil Mining warned on Monday that the $1.3-billion takeover offer from China’s Minmetals could be under threat, as the Kinsevere project lease was proving difficult. Democratic Republic of Congo (DRC) State-owned joint...

Gecamines could sell assets to fund overhaul

Democratic Republic of Congo's State-owned mining company Gecamines could put non-strategic assets on the block to help it fund a $930-million drive to become a major producer, the company said on Saturday, though it does not have plans for a...

DRC-focused CuCo Resources eyes TSX listing this year

Privately-held CuCo Resources is looking at listing on the TSX later this year, CEO Malik Talib said in a telephone interview on Tuesday. The company, which has assets in the Katanga province of the Democratic Republic of Congo, will likely raise...

Freeport DRC contract deal close enough to win-win

The agreement announced on Friday by the government of the Democratic Republic of Congo, Phoenix-based Freeport-McMoRan Copper & Gold and its junior partner Lundin Mining looks like a "good compromise" for all concerned, said Menas Associates...

DRC govt resolution on Tenke 'imminent' – Freeport CEO

Freeport-McMoRan Copper & Gold expects an announcement "imminently" on the resolution of negotiations about the contract for its Tenke Fungurume project, in the Democratic Republic of Congo, according to CEO Richard Adkerson. Reuters reported...

First Quantum says DRC arbitration could take years

Vancouver-based First Quantum Minerals (FQM) expects its arbitration with the Democratic Republic of Congo (DRC) government over the rights to a copper mine could take years to resolve. Speaking on a conference call on Wednesday, FQM president...

First Quantum shares drop

Shares in First Quantum Minerals fell almost 12% in Toronto on Tuesday, after the Supreme Court in the Democratic Republic of Congo ruled that some rights for two of the company's mines were awarded illegally. Rights awarded for the Lonshi and...

First Quantum, partners launch arbitration over Kolwezi contract

Vancouver-based First Quantum Minerals, together with partners the International Finance Corporation and South Africa's Industrial Development Corporation, has begun international arbitration proceedings against the government of the Democratic...

Daily podcast – October 1, 2009

Vale Inco expects to restart some operations at its Sudbury, Ontario, mill this week; and DRDGold confirms that wage-related strike action at Blyvooruitzicht and Crown mines continuies.

First Quantum prepares formal response to DRC on Kolwezi contract

Vancouver-based First Quantum Minerals and its partners are preparing a formal response, after receiving a letter from the Prime Minister of the Democratic of Congo, effectively proposing that the company return the permit for the Kolwezi project...

We are not in breach of contract, First Quantum insists

TSX- and LSE-listed First Quantum Minerals is confident that it remains within the terms of a mining contract with the government of the Democratic Republic of Congo, for the company's Kolwezi tailings-recovery project, president Clive Newall said...