The US$240m deal for Manono lithium-tin project in Democratic Republic of Congo has been completed. The agreement between ASX-listed AVZ Minerals with Chinese operator Suzhou CATH Energy Technologies, provides certainty of funding to progress the venture, pending the award of a mining licence and collaboration development agreement with the local government. TheContinue Reading

“We hope to move projects to further stages where financiers are more comfortable to get involved” A presentation by Nigeria’s Solid Mineral Development Fund (SMDF) during a session on financing operations in the country’s burgeoning mining sector created a lot of excitement on Tuesday during Nigeria Mining Week’s Digital Event. “The SMDF has beenContinue Reading

DRC’s mining company Gecamines and Ivanhoe Mines IVN have inked a deal that will see Kipushi zinc mine in the Democratic Republic of Congo back to commercial production. The mine located in the province of Haut-Katanga and southeast of the company’s Kamoa discovery, is adjacent to the town of Kipushi and approximately 30 kilometresContinue 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