The Democratic Republic of Congo’s (DRC) state-owned mining company has submitted a bid to acquire Chemaf Resources’ local unit, after previously signaling opposition to a planned sale of the copper and cobalt miner to a Chinese investor. Chemaf, backed by Trafigura Group, spent nine months searching for a buyer beforeContinue Reading
An investigation by La Guardia Magazine highlights the severe health consequences of intensive cobalt mining in Kolwezi, DRC, particularly on women’s reproductive health. From 2018 to 2023, cobalt production surged by 63%, increasing from 104,000 tons to 170,000 tons due to rising global demand for this essential mineral for energyContinue Reading
Kizito Pakabomba, the Congolese Minister of Mines, dismissed the proposal to create a separate financial authority for the mining sector during a press café in Kinshasa, organized by the mining registry. Pakabomba contended that forming another agency would introduce unnecessary bureaucracy, citing concerns from the International Monetary Fund (IMF) regardingContinue Reading
The Democratic Republic of Congo (DRC) has strongly condemned the United States Department of Labor’s inclusion of Congolese cobalt on its 2024 list of goods produced through child or forced labor. The DRC government labeled the decision as “unjustified,” arguing that it fails to recognize the substantial reforms made inContinue Reading
Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially embarked on the Copper Mark assurance process, following the signing of a letter of commitment on September 12. The Copper Mark, established in 2020, is an assurance framework designed to promote responsible sourcing and productionContinue Reading
Glencore hosted its 6th annual conference in Kinshasa, Democratic Republic of Congo (DRC), gathering key stakeholders to address pivotal issues in the nation’s mining sector. The event served as a vital platform for industrial miners like Glencore to promote Environmental, Social, and Governance (ESG) standards, as well as traceability andContinue Reading
The Democratic Republic of Congo (DRC) is strategically positioned to capitalize on a 34% increase in tin prices in 2024, largely driven by heightened production from Alphamin Resources. The mining company reported a 28% rise in output, achieving 12,087 tonnes in the first nine months of the year, according toContinue Reading
A long-standing dispute between a Glencore Plc subsidiary and the Democratic Republic of Congo (DRC) revolves around a deal made years ago by Israeli businessman Dan Gertler, who has been sanctioned by the US for alleged corruption. The conflict involves the Kamoto Copper Company (KCC), a significant copper and cobaltContinue Reading
Barrick Gold (TSX: ABX)(NYSE: GOLD) announced on Tuesday the discovery of significant new gold deposits near its Kibali mine in the Democratic Republic of Congo (DRC). These deposits, found at Africa’s largest bullion operation, are expected to extend the mine’s lifespan and enhance production capabilities. During a media briefing, PresidentContinue Reading
Canada Rare Earth Corp. has finalized a supply agreement with SAKIMA SA, a state-owned mining company in the Democratic Republic of Congo (DRC), through its wholly owned subsidiary, Simba Essential Minerals. This agreement significantly bolsters Canada Rare Earth’s supply chain for rare earths and other essential minerals sourced from theContinue Reading
