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
The China Molybdenum Co Ltd (CMOC) has been ordered to halt vital exports of cobalt from its vast operations in central Africa in an ongoing squabble over royalties. An administrator appointed by a court in the Democratic Republic of Congo (DRC) to run the world’s second-largest cobalt mine told CMOC to suspendContinue Reading
The Democratic Republic of the Congo’s Senate took a big leap forward today in recognizing the customary rights of its Indigenous population by adopting a new law on the Promotion and Protection of the Rights of the Indigenous Pygmy Peoples. The historic law is the country’s first ever legislation toContinue Reading
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 prevailing COVID-19 pandemic which has resulted in dwindling international metal prices and a concoction of other operational challenges. According to media reports, Mopani had, onContinue Reading
As the only earth sciences consulting firm at the recent DRC Mining Week in Lubumbashi, SRK Consulting said the large turnout and positive mood was a good indication of the country’s mining momentum. According to Dominique Sambwa, chairperson of SRK Consulting DRC, energy supply and the green transition were keyContinue Reading
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) central bank cut its benchmark interest rate and announced measures to reduce the adverse effects of the coronavirus outbreak on the economy. The measures includeContinue Reading
Angola has marked the 37th anniversary of Mining Labor Day. H.E Diamantino Pedro Azevedo, the country’s Minister for Mineral Resources, Oil and Gas celebrated the day by highlighting developments achieved within the mining industry under the leadership of H.E João Lourenço, President of Angola. The Minister emphasized the resilience ofContinue Reading
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 for Africa’s energy story? On one hand, the envisaged economic rebuilding process will present a huge opportunity for the fast-tracking of low-carbon investments. With organisationsContinue Reading
