Democratic Republic Of Congo. The United Arab Emirates have signed a $1.9 billion deal with a state-owned mining company in the Democratic Republic of Congo, the Congolese president said on Monday ...
By "under-evaluating the results of project companies in the DRC," Gécamines said the DRC has lost $4.9bn in revenues between 2002 and 2016, when compared with initial projections promised by ...
In Mali, Barrick Gold Corporation operates the Loulo-Gounkoto complex, one of the largest gold mines in the country. The gold mining complex consists of multiple …
The project is owned by Kipushi Corporation (KICO), a joint venture between Ivanhoe Mines (68%) and state-owned mining company Gécamines (32%). KICO estimates the project to have a pre-production capital cost of $382m. The mine started production from a surface open pit in 1924. It was later transitioned to become Africa's …
The people of the DRC are not the only ones to have lost out in these shady dealings. Back in 2009, the government seized the Kolwezi Copper Project from Canadian mining company First Quantum Minerals, stating that First Quantum had breached its contract. If the government's allegations are true, then the seizure is a legitimate …
Over the past 15 years the source of tantalum has changed from being mainly in Australia to being predominantly mined in Rwanda and the DRC, raising concerns about its status as a conflict mineral. The Dodd-Frank Act means that companies must trace the source of these minerals and only use accredited resources, but has this …
In Walikale, a territory located in the eastern DRC, Indigenous Twa people accuse the Canadian and South African-owned mining company Alphamin Bisie …
Desert Gold Ventures Activity Update at SMSZ Project in Western Mali; New Artisanal Mining in Priority Exploration Target Area. March 16, 2023. Roscan Gold Announces Granting of Environmental ...
The Prime Minister, Jean-Michel Sama Lukonde, gathered around him, on Wednesday April 6 at the Hôtel du Gouvernement, the oil operators working in the DRC, the Minister of Hydrocarbons, the Minister of Communication and Media and all the other Ministers who are members of the Government's ECOFIN commission, to examine the …
CCR estimates that it will be possible to produce 30,000 tonnes per year from the site. The company plans to raise funds to continue exploration work at Mbamba …
Amidst the growing global spotlight on the Democratic Republic of Congo (DRC) as a key player in copper and cobalt mining, asset integrity management and …
Feb. 28, 2022. A court in the Democratic Republic of Congo has sidelined the Chinese owner of one of the world's largest copper and cobalt mines, a major victory for the Congolese government as ...
Orezone Drilling has a global footprint in the mining exploration activities including Africa and South America. Exploration and mining companies have utilized our broad range of underground and surface drilling services across a diverse range of commodities, including platinum, gold, coal, copper, cobalt, nickel and uranium.
what the overall mining sector revenue contributes to the DRC state budget. Unfortunately, several factors currently constrain the full realisation of this poten-tial extra revenue. Firstly, various legislative and regulatory changes have been made in the DRC – both at the mining sector lev - el and in terms of overall subcontracting law – with
By Roy Maconachie. February 1, 2024. 3. Demand for cobalt is skyrocketing. The DRC sits on two thirds of the world's known supply, yet miners receive virtually none of the profits. Labourers load sacks of cobalt onto bicycles at Mutoshi mine, DRC, in July 2021. Credit: Roy Maconachie. It was a cool, dusty morning in July 2021 when I first ...
Mali; Mauritania; Mexico; ... provides the most comprehensive source of information on the DRC mining sector. As of today, the site contains over 1,300 documents and data on more than 100 mining companies operating in the DRC. It is an invaluable reference for government officials, corporations, academics, civil society organizations, …
Share this article. Sat idle in the Democratic Republic of Congo (DRC), beside the Congo river in Maluku, a municipality of the capital Kinshasa, is the Maluku Steel Plant – 375,000 square foot of steel making potential. The 45 year-old plant is a symbol of wasted opportunity seen all too often in resource rich African states, such as the DRC.
Barrick Gold Corporation is a leading international gold mining company with operations spanning multiple countries, including the West African nation of Mali. ... USA (); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)) and two with the potential to become Tier One gold assets (Goldrush ...
OUR BUSINESS. Orezone Drilling has a global footprint in the mining exploration activities including Africa and South America. Exploration and mining companies have utilized our broad range of underground and …
The merger has created a sector-leading gold company which owns five of the industry's Top 10 Tier One gold assets (Cortez and Goldstrike in Nevada, USA (); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)) and two with the potential to become Tier One gold assets …
The Democratic Republic of Congo (DRC), oficially 'République Démocratique du Congo', is the third-largest country in Africa and the largest among the member nations of the Southern Africa Development Community (SADC). Located in the central part of Africa (0o00 N, 25o00 E) and spread over 2,344,858 square kilometers – slightly less ...
The company had come to the DRC in 1995 with high hopes. "Cashed up with a million dollars in the bank, we set off to Africa to see what we could do," recalled Turner during a 2011 industry luncheon. A report prepared for the company noted that "the neutral profile of an Australian company" pleased DRC leaders. It soon had powerful ...
Communaute Miniere de Goma is a collective of miners and traders based in the city of Goma, located in the North Kivu province of the Democratic Republic of Congo. The group works in tandem to extract and distribute a range of minerals, such as gold, tin, tungsten, and tantalum. The community is renowned for its commitment to responsible and ...
In the DRC copper production increased steadily between 1960 and 1974 from around 300,000 tonnes to 500,000 tonnes. ... Existing state mining companies should be privatised at the earliest ...
The Carter Center today released the first part of a comprehensive report, A State Affair: Privatizing Congo's Copper Sector, which is the culmination of years of research on the contractual and financial practices of the Democratic Republic of Congo's state-owned mining company, Gécamines, and its most important investment partners.
Some 20,000 people work at Shabara artisanal mine in the DRC, in shifts of 5,000 at a time. The DRC produced approximately 74% of the world's cobalt in 2021. …
Mining in the DRC. We're currently tracking 102 mining projects in the DRC across all stages of development. Among these projects is the Kinsevere Mine, located 30 km north of Lubumbashi, in the Kipushi Territory in the Katanga Province.Owned by MMG Limited, this is one of the most important copper mines in the world, with a capital value of about ZAR …
By Arthur Tassell. February 17, 2023. The Goulamina lithium project in Mali is well into a 27-month development programme that will see first concentrate production in H1, 2024. …
Western companies brace for a hit as Bamako launches gold mining audit. The Malian government just launched an audit of the country's gold mining sector. …
Find out what it's like to work at Endeavour or apply for a role. Our primary objective is to minimize potential environmental impacts throughout the lifecycle of our mines, from discovery through to post-closure, and to ensure the environment is maintained and enhanced for current and future generations of our host communities.
In the DRC's artisanal mining sector—which exists alongside the formal mining industry—children and adults toil underground for hours in dangerous tunnels, …
In this story map, IPIS presents its findings on the linkage between mining and conflict-financing in the eastern Democratic Republic of the Congo (DRC). Based on a survey conducted between 2021 ...
"Congolese workers challenge mining companies in DRC courts", 20 February 2024 Recent legal challenges by workers against companies operating in the cobalt sector in the Democratic Republic of Congo (DRC) show signs that workers are beginning to demand a change in corporate behaviour.
Resource nationalism can take several forms, including renegotiation of existing mining contracts to get better terms (currently witnessed in the DRC and Mongolia), increase in taxes or royalties ...
Now, mining royalties on non-ferrous metals have increased from 2% to 3.5% and notably a new "strategic substance" designation could require companies to pay a royalty as high as 10% on metals such as …
Manono Lithium – a joint venture (JV) between a subsidiary of Zijin Mining Group and Democratic Republic of the Congo (DRC) firm La Congolaise d'Exploitation Minière – has obtained an ...
This report presents the results of the Fraser Institute's 2021 annual survey of mining and exploration companies. The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment. ... (DRC), and Mali. Also, in the bottom 10 (beginning with the …