AVZ Minerals is set to invest $17.9m in early works and exploration drilling at the Manono Project in the Democratic Republic of the Congo (DRC). AVZ managing director, Nigel Ferguson revealed the report and said a portion of a recent A$75m capital raising, the funds are expected to help the firmContinue Reading
Tanzania’s recently established mineral centers located in the country’s mineral-rich regions has boosted revenue collection to over US $154.8m in the fiscal year 2019/20. This is part of the phases by the government in a move to eliminate mineral smuggling and crack down on tax evasion. The mineral centres areContinue Reading
The maiden mineral resource estimation exercise at Mpama South in Democratic Republic of Congo nears completion. Alphamin Resources reported that the assay results are expected to be announced later this month. To date, the miner has completed 24 235 m of drilling in 89 drillholes at its Democratic Republic of Congo-basedContinue Reading
One of the largest producers of copper and cobalt, Shalina Resources and a commodity trading giant, Trafigura have signed a US $600million financing agreement to considerably increase supplies of high-grade cobalt hydroxide and copper cathode from the Democratic Republic of Congo (DRC). The financing agreement will enable Shalina Resources, through its DRC subsidiary, Chemaf,Continue Reading
According to a press statement from the company, terms of the merger state that shareholders other than Glencore International AG are entitled to receive US $0.12 in cash for each pre-merger common share of the Company, for aggregate consideration of US $39.1m. This further means, that he company is nowContinue Reading
Eurasian Resources Group (“ERG” or “The Group”), a leading diversified natural resources group headquartered in Luxembourg, has become a platinum partner of the DRC-Africa Business Forum 2021, which took place on 24-25 November 2021. The central objective of the Forum, which brought together African governments, the private sector, and entrepreneurs,Continue Reading
A local entrepreneur has created an app that allows mine managers in the Democratic Republic of Congo to follow the movements of those working in the pit. This follows an observation of accidents and landslides happening every year at the mines claiming dozens of lives. Victoire Shukuru is the founderContinue Reading
Katanga Mining Limited has announced the success of the merger with Yukon Inc. This is following a 99.9% vote by shareholders earlier on in the month. According to a press statement from the company, terms of the merger state that shareholders other than Glencore International AG are entitled to receiveContinue Reading
Kamoa-Kakula mine in the Democratic Republic of Congo has reported a new daily production record of 729 tonnes of copper; approximately 63,000 tonnes of copper produced year-to-date to October 20, 2021. Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced that Kamoa-Kakula’s Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant hasContinue Reading
Rio Tinto and Vancouver-based Midnight Sun Mining have signed a US $51m joint venture agreement. The agreement will see the Anglo-Australian firm earn up to a 75% interest in the latter’s Solwezi licenses. According to media reports, the Solwezi licenses comprise two individual exploration licenses totalling 506 square kilometres situatedContinue Reading
