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
ERG Africa – part of Eurasian Resources Group, a leading diversified natural resources group – has handed over a newly constructed school complex to its beneficiary community in Lenge, Lualaba Province, near its Comide concession. The handover marked the start of the new school year for the community’s 240 pre-primaryContinue Reading
Democratic Republic of Congo should renegotiate its US $6billion infrastructure-for-minerals deal with Chinese investors, according to the draft of a report commissioned by a global anti-corruption body of governments, companies and activists. The draft, describes the deal that was first signed in 2008 as “unconscionable” and urges Congo’s government toContinue Reading
The government of the Democratic Republic of Congo plans to expand its main border post with Zambia in bid to ease truck queues. Mining trucks have reported this year to be having queues of upto 60km due to increased production and inadequate infrastructure. Congo accounted for 1.8 million tonnes ofContinue Reading
Auxico Resources Canada Inc. (CSE: AUAG) is pleased to announce the successful execution of the Company’s second trade of 192 tonnes of rare earth ore (monazite sands) from the Democratic Republic of Congo (“DRC”). As the exclusive sales agent in the trade, Auxico will retain a commission equal to 15% ofContinue Reading
