Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if there is a way to maintain waivers to an export ban that are meant to expire in September, the mining minister said on Thursday. Congo, Afr…
Congo to meet miners to debate copper concentrate export waivers Read More »
Aim- and AltX-listed Jubilee Metals delivered a sixth consecutive six-monthly period of double-digit growth with a 54% year-on-year increase in combined operational earnings for the first half of year at £12.8-million. Jubilee also achieved an 18% year…
Jubilee delivers sixth consecutive six-month period of double-digit growth Read More »
Democratic Republic of Congo President Felix Tshisekedi won approval on Friday for his nominations to lead state mining company Gecamines, its chairman said, after they were held up by allies of Tshisekedi’s predecessor for over a year. The approval fr…
Congo president wins approval for nominees at state mining company Read More »
Disruptions caused by the coronavirus crisis have pushed up prices for sulphur by about 10% this year in the Democratic Republic of Congo, driving up costs of a vital ingredient for mining cobalt and copper in the African nation. Coronavirus lockdowns …
Sulphur squeeze spells trouble for Congo’s copper, cobalt miners Read More »
Zambia reopened its Nakonde border with Tanzania on Friday for cargo after a five-day closure of the key transit point for copper and cobalt exports and fuel imports, but people were still not allowed to cross, a provincial minister told Reuters. Presi…
Zambia reopens border with Tanzania to cargo after Covid-19 closure Read More »
The Covid-19 outbreak is poised to strengthen the electric vehicle (EV) momentum, as well as the markets for cobalt and copper, says Eurasian Resources Group (ERG) CEO Benedikt Sobotka. He notes that the drive towards EVs has been relentless over the…
Post-Covid-19 EV growth to bolster copper, cobalt demand − ERG Read More »
China Nonferrous Mining Corp (CNMC) said late on Monday its parent had agreed to sell its 74.52% stake in the company to the group’s engineering arm for 7.36-billion yuan ($1.06-billion) in a restructuring move. State-owned CNMC is selling its 2.6-bill…
China’s CNMC to transfer Africa copper, cobalt assets to engineering arm for $1.1bn Read More »
London-listed Red Rock Resources has contracted mineral exploration associates Minex Consulting to start a second phase of exploration on its licence in the copperbelt, in the south of the Democratic Republic of Congo (DRC).
The licence, which Red Ro…
Red Rock excited about second-phase DRC exploration Read More »
A group of Democratic Republic of Congo citizens asked the UK’s Serious Fraud Office (SFO) to recognise them as victims in its investigation of alleged corruption by Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The 16 Congolese …
Congolese demand compensation in UK corruption investigation Read More »
Katanga Mining, a big Congolese copper and cobalt producer, said on Thursday it would raise around C$7.6-billion via a rights issue as part of a debt-for-equity swap with parent Glencore.
Katanga Mining will subsequently owe Glencore $1.5-billion, re…
Glencore strikes deal with Katanga over $5.8bn rights issue Read More »
