Katanga announces successful completion of the merger with Yukon Inc
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...
Category : BUSINESS
Rio Tinto, Midnight Sun Mining sign agreement totaling US $51m for Solwezi copper deposits in Zambia
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...
Glencore’s Mopani to scaling down on production on the wake of the COVID -19 pandemic
Glencore’s Mopani Copper Mines, as a measure to retain sustainability will scale down on production. This is according to the hostile conditions created by the...
Democratic Republic of Congo’s measures will soften coronavirus’ negative effects on banks
Moody’s comments on impact of Government’s coronavirus measures on Democratic Republic of Congo’s banks On 24 March, the Democratic Republic of Congo’s (DRC, Caa1 stable)...
A focus on transformational shifts in the energy supply
The global COVID-19 outbreak is not just a health catastrophe but increasingly is evolving into an economic crisis of global proportions. What does this mean...
U.S. EXIM Bank introduces programmes to safeguard growing supply chains with Africa’s resources sector
The American government’s powerful finance arm, the Export-Import Bank of the United States (EXIM) has introduced a raft of measures designed to provide support and...
Metalshub grows in 2019 to 100 million euro platform turnover
Metalshub, the digital platform for buyers and sellers of metals and ferroalloys, managed to almost fivefold its platform turnover in 2019 to reach 100 million...
Chinese firms looking to cash in on bid for Barrick Gold’s Lumwana Copper Mine in Zambia
hinese firms are looking to cash in on the bid for barrack Gold’s Lumwana copper mine in Zambia. Among the firms identified are; China Minmetals,...
$750 million in mining revenues fails to reach treasury in Democratic Republic of Congo
A toxic combination of corruption and mismanagement in Democratic Republic of Congo’s revenues agencies and state mining companies is leaching a fifth of all mining...
DRC central bank announces penalties for miners that fail to repatriate revenue
Democratic Republic of Congo’s central bank has announced stiff new financial penalties for companies that fail to repatriate at least 40 percent of their revenues...