(Bloomberg) — China Molybdenum introduced three investors to Chinese private equity firm BHR Partners to support company’s acquisition of minority stake in Tenke Fungurume copper, cobalt mine in Democratic Republic of Congo, according to statement published March 6.
(Bloomberg) — Cobalt is having a moment in the spotlight. Historically a minor byproduct of copper and nickel mining, the metal is a key ingredient for lithium-ion batteries and now a growing money maker for Glencore Plc.
(Bloomberg) — Randgold Resources Ltd. had to haul heavy equipment more than 1,000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a high-tech operation. In one tunnel deep underground, a $1.3 million, 68-metric-ton remote-controlled digger heaves ore out of a cavernous blast hole. The ventilation system hums as 50-ton loads are slowly humped along the 3-kilometer (2-mile) track back to…
Glencore has increased its hold on Democratic Republic of Congo’s copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for a total of $960 million.
Tinnea coerulea Gürke var. coerulea (Photo : SEK) The Katangan copper arc, which extends over the provinces of Upper Katanga and Lualaba in the Democratic Republic of Congo, is an area known for its numerous deposits of copper and cobalt (and other metals of economic interest). These appear on the surface in the form of hills covered by a short herbaceous vegetation constituted by a set of species particularly adapted to the high concentrations of copper and cobalt in the soil. This flora unique in the world is called the…
L’arc cuprifère katangais, qui s’étale sur les provinces du Haut-Katanga et du Lualaba en République Démocratique du Congo, est une région connue pour ses nombreux gisements de cuivre et de cobalt (et d’autres métaux d’intérêts économiques). Ceux-ci apparaissent en surface sous formes de collines couvertes par une végétation herbacée courte constituée par un ensemble d’espèces particulièrement adaptées aux fortes concentrations en cuivre et en cobalt dans le sol.
Il est urgent d’exercer une diligence raisonnable sur l’or de l’Afrique de l’Ouest, comme en témoigne un nouveau rapport qui révèle des écarts dans les statistiques sur la production et sur le commerce entre le Mali et les EAU OTTAWA, Canada, 26 janvier 2017/ — Les pratiques fiscales du Mali applicables aux exportations d’or font de ce pays la plaque tournante du commerce illicite de l’or en Afrique de l’Ouest, selon un rapport de Partenariat Afrique Canada (www.PACweb.org) publié aujourd’hui.
Martin Kabwelulu, DRC Mines Minister (LGE & MNM Picture) KINSHASA Freeport-McMoRan Inc (FCX.N) paid $33 million to resolve claims brought against it by Congo state miner Gécamines over the sale of its majority stake in the Tenke copper mine to China Molybdenum Co Ltd (CMOC) (603993.SS), it said in a statement.
