Zijin, China’s No.1 gold producer and Ivanhoe’s partner in the now massive Kamoa-Kakula copper project in the DRC, added an additional C$67 million (about $49m) into the Canadian company’s coffers.
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Commercial production at the tin mine, which is surrounded by dense forest, deeply weathered soils and experiences high rainfall, is expected in the second half of the year.
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This second major cash injection brings the Chinese miner’s total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.
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Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.
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Initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.
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The Canadian miner briefed Félix Tshisekedi during his official state visit to Washington, D.C.
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Ivanhoe execs brief DRC President on the progress of massive copper project Read More »
In its current form, the epidemic won’t impact the nation’s cobalt production, as the vast distance from the Katanga region largely prevents its spread, says global risk consultancy Verisk Maplecroft.
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More than a third of gold mines in Congo exposed to Ebola — report Read More »
On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.
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Rights group also said the EV industry sells itself as environmentally friendly, while most of the batteries they produce use polluting fossil fuels.
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The founder of Ivanhoe Mines said the Kamoa-Kakula project is “on track to become one of the absolute greatest copper mining complexes in the world.”
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