Minister of Mines Martin Kabwelulu and Katanga Province Governor Moïse Katumbi (MNM Picture) At the beginning of April, the Democratic Republic of the Congo (DRC) banned exports of copper and cobalt concentrates, giving companies operating in the country just 90 days to clear out their inventories. The reason? The country wants to encourage miners to refine and process the metals within the country’s borders.
Les cours de l’or en baisse forcent la dévaluation et la réduction de budget dans tout le secteur, selon 24hGold.com. Endommagées par la chute des prix de l’or, beaucoup de compagnies minières aurifères font face à la dépréciation de la valeur des actifs achetés lors du marché haussier de la dernière décennie, ont affirmé les analystes spécialistes de mines.
Copper prices lurched forward on increased demand and worries about dwindling stockpiles during the first half of 2011. However, prices have since faltered amid concerns about the spillover effect of the Eurozone’s debt crisis in addition to a slowdown in demand for copper from China, according to Copper Investing News. While prices are expected to be less tumultuous moving forward, demand is expected to continue outstripping supply, albeit slightly.
The Democratic Republic of Congo’s army is smuggling and taxing gold and tin in the country’s east, where the government is trying to cut the link between violence and the mineral trade, a United Nations group of experts said.
Copper produced in DR Congo by Boss Mining in Katanga Copper is fairly ubiquitous around the world and has countless valuable uses. As such, the metal has been mined for thousands of years. According to the Copper Development Association, these days, more than 5 million tons of copper are produced each year.
Siège de la FED Selon Agence Ecofin, la Réserve fédérale américaine (Fed) «examine» les permis de vendre des matières premières physiques dont bénéficient certaines banques, par opposition aux contrats à terme adossés à des matières premières, affirme le Financial Times le 22 juillet sur son site internet. Des hauts responsables de la Fed ont discuté ces dernières semaines avec des dirigeants de grandes banques de Wall Street à l’instar de JPMorgan Chase ou Goldman Sachs de la possibilité d’interdire aux banques de détenir des actifs de matières premières physiques, ajoute…
Over the past few decades, gold mining has become a truly global industry. Currently, there are 90 countries that mine the precious metal and the top 20 producing nations provide more than 75 percent of the world’s gold each year. In 2012, companies put out a total of 2,700 tons of gold, according to the US Geological Survey.
By James F. Entwistle, U.S. Ambassador to the DRC Over 3.5 billion people—or half of the world’s population—live in countries that are rich in extractive resources such as oil, gas, and minerals. Yet, too often, the benefits from this wealth do not go to support the development of the country and thus do not work to the advantage of the average citizens. Extractive resources are inherently challenging for governments to manage effectively, transparently, and inclusively.
James F. Entwistle, U.S. Ambassador to the DRC Plus de 3,5 milliards de personnes – c’est-à-dire la moitié de la population mondiale – vivent dans des pays riches en ressources extractives telles que le pétrole, le gaz et les substances minérales.
The IMF said it is ready to open talks with the Democratic Republic of Congo on a new support programme after Kinshasa provided more details on a controversial mining deal that led to the last loan programme being scrapped.
