IDC asks SA government to assist in DRC Kolwezi saga

South Africa's State-owned Industrial Development Corporation (IDC) has asked the government to step in to protect the Democratic Republic of Congo (DRC) mine that was "expropriated" from copper-miner First Quantum last year - the IDC owned a 10%...

Pressure mounts on DRC over mine-rights controversy

International pressure is mounting on the Democratic Republic of Congo (DRC) government in the wake of its controversial decision to cancel a mining licence previously held by First Quantum, of Canada. On Tuesday, Reuters reported the World Bank...

Daily podcast – October 9, 2009

Around 25 Congo mining deals risk cancellation; and South African mining production was down 11,5% in August.

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...

Daily Podcast – August 7, 2009

Gold Fields may have to review its expenditure, and the DRC clears four major mining deals.

Daily podcast – April 17, 2009

In today's podcast: An investment of between R90-billion and R110-billion may be required to build the 40 new coal mines for the South African industry; and the Democratic Republic of Congo rejects contract revisions proposed by six of the biggest...

DRC mining contract review nearing completion

The Democratic Republic of Congo’s (DRC’s) mining review process was in its final phase, with negotiations between the State and a number of the 61 contract holders nearing conclusion, the Ministry of Mines said this week. However, some of...

Metorex enthused by ‘positive’ DRC developments

Diversified-miner Metorex on Tuesday welcomed positive comments that a Democratic Republic of Congo (DRC) government official made this week regarding the company's operations in the central African state, saying that the firm had had a...

Israeli, Indian investors to spend $10bn on iron-ore venture

Israeli and Indian investors will spend as much as $10-billion developing what the Democratic Republic of Congo says is Africa's biggest iron-ore project.

DRC completes mining review, makes details available to firms

The Democratic Republic of Congo has completed the next stage of its mining contract review and made the details available to the companies, a government official said on Monday. "The government is pleased to have delivered on its promise to...

Katanga agrees to sell DRC deposits to govt for $825m

TSX-listed Katanga Mining has agreed to sell two deposits, Mashamba West and Dikuluwe, that form part of its Kamoto property, in the Democratic Republic of Congo (DRC), to State-owned mining company Gécamines for up to $825-million.