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Congo halts Sicomines' copper exports, orders local refining

By: Bloomberg     9th October 2017 The Democratic Republic of Congo ordered Sinohydro Corp. and China Railway Construction Corp.’s local mining venture to stop exporting unprocessed copper and cobalt and refine all its metals within the country. Sicomines must ship “only high-value products” as the government looks to “ensure the... 

African body urges Congo to prosecute Anvil over mine deaths

By: Bloomberg     15th August 2017 The African Union’s human rights body urged the Democratic Republic of Congo’s government to prosecute officials of an Australian mining company over their alleged role in a military crackdown in 2004 that left more than 70 people dead. The African Commission on Human and People’s Rights also... 

UN experts accuse Congo army General of mining gold illegally

By: Bloomberg     14th August 2017 A group of United Nations experts said it’s gathered evidence that a sanctioned Congolese military officer owns gold mining operations in the northeast of the country, contravening the country’s mining code. Tax officials, mine workers and dredge owners told the Group of Experts on the Democratic... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

Ivanhoe's Congo success follows deals with President's brother

By: Bloomberg     18th July 2017 In the two decades since billionaire mining investor Robert Friedland founded Ivanhoe Mines, his small team has made some of the biggest mineral discoveries in the world. In the Democratic Republic of Congo, it has done so while trading and contracting with companies controlled by one of... 

Miners ask Congo to adjust tax repayments for franc slump

By: Bloomberg     19th May 2017 Mining companies in the Democratic Republic of Congo asked the government to adjust pending value-added tax repayments for a slump in the franc that could cost them as much as $210-million collectively. Federation des Entreprises du Congo, the country’s largest business lobby group, sent the... 

Miners told to move DRC HQs as provinces compete for revenue

By: Bloomberg     25th April 2017 The Democratic Republic of Congo told local units of Glencore, China Molybdenum, Ivanhoe Mines and four other mining companies to relocate their head offices as newly demarcated provinces fight over tax revenue and control of mineral projects. The companies, all headquartered in Lubumbashi, the... 

Congo nears Eskom power-supply contract to boost copper output

By: Bloomberg     24th April 2017 The Democratic Republic of Congo (DRC) signed a provisional agreement to import power from South Africa that could boost copper production this year by as much as 20%, according to the country’s chamber of mines. State-owned power company SNEL proposed importing 200 MW from South African utility... 

Congo sees Trump roll-back of Dodd-Frank stoking insecurity

By: Bloomberg     20th March 2017 The Democratic Republic of Congo (DRC) warned that proposals by the Trump administration to roll back laws on so-called conflict minerals from central Africa risks stoking violence by armed groups in the region. The suspension of Section 1502 of the Dodd-Frank Act “in the long run, will... 

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 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... 

Congo backs billionaire Gertler after Och-Ziff allegations

By: Bloomberg     5th October 2016 The Democratic Republic of Congo (DRC) defended Israeli-billionaire Dan Gertler’s business dealings in the mineral-rich country, five days after he was linked to a bribery investigation by US authorities. “For us an attack on him is an attack on the Congo,” Barnabe Kikaya Bin Karubi, President... 

What it takes to make a conflict-free smartphone

By: Bloomberg     27th September 2016 On a moonscaped rise in eastern Democratic Republic of Congo, thousands of men and women carve a heavy, off-white mineral away from the hillside with pickaxes, then wash it with shovels in man-made streams and haul it down the hill in 110-pound sacks. They are the sort of independent miners that... 

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... 

Congo slashes growth forecast after drop in copper production

By: Bloomberg     19th August 2016 The Democratic Republic of Congo cut its growth forecast for 2016 for the third time this year because of lower commodity prices and warned the economy could slow further if other industries don’t perform. The government “has duly noted the slowdown in economic growth in the DRC” in the first... 

Congo copper deal with China may draw $2bn of investment

By: Bloomberg     15th August 2016 Gecamines, the Democratic Republic of Congo’s state-owned mining company, said China Nonferrous Metal Mining Group may invest as much as $2-billion to develop its most prospective copper asset. The Congolese miner in June described the agreement, through which CNMC will finance, build and... 

Ivanhoe says Congo copper find may be Africa’s most significant

By: Bloomberg     11th August 2016 Results from drilling at a copper deposit in the Democratic Republic of Congo being explored by Ivanhoe Mines Ltd. show what may prove to be the most significant discovery of the metal in Africa, the company said. The find at Kakula, in the southern portion of Ivanhoe’s Kamoa project, is... 

Congo’s government drops VAT on imports for mining companies

By: Bloomberg     8th July 2016 Democratic Republic Congo will suspend value-added tax on imports for mining companies to ease operating conditions for struggling miners, Finance Minister Henri Yav Mulang said. In April, the government ordered the central bank to temporarily stop reimbursing VAT in order to reduce pressure on... 

Congo’s illegal gold trade seen benefiting foreign companies

By: Bloomberg     5th July 2016 Foreign companies and armed groups are profiting from an illegal trade in gold in eastern Democratic Republic of Congo despite international regulations intended to clean up the sector, Global Witness said. One Chinese company that operates gold-dredging boats in the region smuggled as much as... 

Rebels, army seen profiting from Congo gold despite controls

By: Bloomberg     21st June 2016 International regulations aimed at curbing the trade in so-called conflict minerals have failed to stop rebel groups and elements of the army in eastern Democratic Republic of Congo profiting from gold mining in the region, according to a United Nations group of experts. The lack of a functioning... 

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%... 

Exploration, mining expected to grow in importance for cement producer PPC 

By: Martin Creamer     3rd May 2016 The medium-term game plan of African cement producer PPC is to find new resources needed by its operations, which will probably require it to engage in some form of exploration and eventual mining close to where urban development is expected in Africa. Over time, the resources side of the... 

Rebounding mining sector defies DRC’s political woes

By: African News Agency      23rd October 2015 The Democratic Republic of Congo (DRC) is no stranger to civil strife. For decades Africa’s second largest country (since the partitioning of Sudan) has been beset by political woes. The mining industry, on the other hand, looks to be in promising health, as evidenced by strong support given to... 

Mark Bristow to speak at new pre-Joburg Indaba dinner

     2nd October 2015 The 2015 Joburg Indaba’s pre-Indaba dinner will host West African gold producer Randgold Resources CEO Mark Bristow as its guest speaker. 

‘Positive’ talks continue between Ivanhoe/DRC on sale of Kamoa stake to China

By: Henry Lazenby     9th June 2015 Project developer Ivanhoe Mines on Tuesday reported that “positive discussions” with the government of the Democratic Republic of Congo (DRC) continued after the company recently sent a high-level delegation to the country to address any “misunderstandings” that might exist between itself and the... 

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... 

Two months since opening, Kibali on track to deliver 550 000 oz in 2014

By: Henry Lazenby     21st July 2014 After the ceremonial opening of Kibali gold mine by the Democratic Republic of Congo’s (DRC’s) Mines Minister two months ago, developer and operator Rangold Resources on Monday said despite dealing with some ramp-up issues, the mine was on track to produce 550 000 oz of gold in 2014. The LSE-... 

Congo copper output growth to slow in 2014 – mining chamber

By: Reuters     17th July 2014 Growth in copper production in Democratic Republic of Congo will slow in 2014 from its rapid pace the previous year due to insufficient energy supply and uncertainty over new mining laws, Congo’s mining chamber said. Copper production leapt to a record 914 631 t last year from 620 000 t in 2012... 

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... 

Banro banks on DRC success as 2nd mine nears commercial production

By: Simon Rees     2nd June 2014 Blessed with a vast mineral wealth, the Democratic Republic of Congo (DRC) has also been cursed with a recent history of a corrupt government and deadly conflicts. On a more stable footing since the mid-2000s and slowly putting the past behind it, the country is hoping direct foreign investment... 

Africa

By: Alida Odendaal     21st March 2014 Tenders for work in the rest of Africa excluding South Africa 

Policy shifts pose risks in the Copperbelt

By: Zandile Mavuso     6th December 2013 While the Zambian and Democratic Republic of Congo (DRC) governments have indicated this past year that they intend to introduce new policies to help their States gain more value from the mining sector, the governments have yet to act on their promises, says strategy and communications consulting... 

Tin miners getting twice price for certified DRC ore – US State Department

By: Martin Creamer     26th November 2013 Tin-mining companies that certify their ore against conflict are receiving prices double those of noncertified participants, US Deputy Assistant Secretary of State Peter Harrell said on Tuesday. “Miners participating in the scheme are earning $4/kg for tin ore compared to $2/kg for non-certified... 

Air chartering company raises profile of on-board courier division

By: Ilan Solomons     27th September 2013 Air charter solutions provider Chapman Freeborn is raising the profile of its specialist on-board courier division, following the successful global expansion of the service last year, Chapman Freeborn Africa MD Iain Clark tells Mining Weekly. Chapman Freeborn's specialist on-board courier... 

Kimberlite indicators in DRC diamond search excite Delrand

By: Martin Creamer     6th August 2013 TSX- and JSE-listed exploration company Delrand Resources, which is operating exclusively in the Democratic Republic of Congo (DRC), is excited by kimberlite indicator minerals that exploration activities have unearthed at the company’s southern and northern projects. Delrand believes that it... 

Air chartering company expands services across Africa

By: Ilan Solomons     12th July 2013 Global aircraft charter specialist Chapman Freeborn has, as of June 20, added new air freighter routes to assist the expanding African mining industry. “The new service will run every Thursday from OR Tambo International Airport, in Johannesburg, stopping over at Lubumbashi International Airport,... 

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