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...
Category : Featured
China Molybdenum ordered to stop operating Tenke Fungurume in DRC
China Molybdenum, one of the largest copper and cobalt miners in the world has been ordered to stop controlling operations at Tenke Fungurume, where the...
DRC recovers mining and oil assets from Israeli investor
The Democratic Republic of Congo has recovered the mining and oil assets worth about $2 billion that was being controlled by Israeli investor Dan Gertler....
IFC and EDM Partner to Increase Access to Renewable Energy in Mozambique
To increase access to renewable energy and expand power delivered to the grid in Mozambique, IFC and Electricidade de Moçambique, E.P. (EDM) signed today a collaboration agreement...
Zambia indebted to major mining companies to the tune of US $215m in tax refunds
Zambia owes major mining companies US $215m in tax refunds as at June 30, 2019. Zambia’s Finance Minister Bwalya Ng’andu made the announcement last week,...
US$240m deal for Manono lithium-tin project in DRC sealed
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...
Kipushi zinc mine in DRC set for commercial production
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...
SA’s mining future rests on exploration turnaround
The popular Junior Indaba, held in Johannesburg earlier this month, highlighted once again that South Africa is losing ground on the exploration and junior mining...
Glencore signs deal with China’s GEM Co for its annual cobalt production
Glencore, has signed a deal with China’s GEM Co, committing to sell approximately a quarter of its annual cobalt production over the next five years....
AJN Resources Inc. to acquire exploration permits in DRC
AJN Resources Inc. is set to acquire a number of exploration permits in the highly prospective Kilo Moto Gold Belt in North-East DRC, which hosts Barrick’s...