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
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
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
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
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
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
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
