Development banks seek to revive world’s biggest power project
Five development finance institutions have banded together to find a way to develop the world’s biggest electricity-generation project, the planned Grand Inga hydropower complex in the Democratic Republic of Congo that’s been stalled for decades.
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Visit: 28
Congo offers own cobalt from joint ventures for first time
Democratic Republic of Congo’s state miner is trying to sell its share of cobalt from a joint-venture project, as the country seeks more control over metals key to the energy transition.
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Visit: 55
Weak market for critical minerals seen dampening Western efforts to counter China
Low prices for critical minerals for the green energy transition, such as lithium, cobalt and rare earths, are curbing efforts by the West to fight the dominance of China in the sector, the CEO of US government-backed investment vehicle TechMet said.
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Visit: 54
CMOC to double copper output at Congo mines to 1 million tonnes by 2028
CMOC Group plans to more than double copper output from its mines in the Democratic Republic of Congo over the next four years, setting a new much higher target for the metal as future demand is seen strengthening.
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Visit: 36
MMG halts zinc concentrate output at Dugald River mine
China’s MMG Ltd has halted operations at a mill at its Dugald River zinc mine in Australia for about two months of repair work, it said on Friday.
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Visit: 64
Ivanhoe sells new zinc mine’s output to Trafigura, China’s Citic
Ivanhoe Mines Ltd. will sell the zinc it produces from a large new mine in the Democratic Republic of Congo to Trafigura Group and China’s Citic Metal Co.
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Visit: 55
Congo’s Gecamines opposes deal for Trafigura-backed miner
Democratic Republic of Congo’s state-owned miner Gecamines said it will oppose the sale of Trafigura Group-backed miner Chemaf Resources Ltd. to China’s Norin Mining Ltd.
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Visit: 42
London Metal Exchange mulls adding warehouse in Hong Kong
The London Metal Exchange is exploring whether to license a warehouse in Hong Kong as it seeks to strengthen services to clients in China — the world’s biggest metals market.
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Visit: 55
China’s Norinco agrees to buy struggling Congo cobalt miner Chemaf
Cobalt miner Chemaf SA has agreed to sell assets in the Democratic Republic of Congo to Chinese miner Norin Mining to settle debts largely funded by its long-time partner, commodities trader Trafigura, it said on Thursday.
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Visit: 54
Trafigura clinches share of major zinc deal snubbed by Glencore
Production from a large new zinc mine in the Democratic Republic of Congo will be split between several new buyers including trading giant Trafigura Group, after rival Glencore Plc backed away from a previous deal for the entire supply.
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Visit: 57
Trafigura clinches share of major zinc deal snubbed by Glencore
Production from a large new zinc mine in the Democratic Republic of Congo will be split between several new buyers including trading giant Trafigura Group, after rival Glencore Plc backed away from a previous deal for the entire supply.
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Visit: 36
Coast Copper doubles size of Sully property near former Teck mine
Coast Copper has doubled the size of its 100% owned Sully property in southeastern British Columbia to 108.5 square kilometres hectares by staking and entering into multiple arm’s-length purchase agreements.
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Visit: 70
Canada blocks Chinese rare earths deal in Trudeau-led crackdown
Canada’s government will buy stockpiled rare earth materials from Vital Metals Ltd. in a deal that prevents the company from selling its production to a Chinese buyer.
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Visit: 61
Chilean Cobalt gets $317 million funding support from EXIM Bank
US-based critical minerals explorer Chilean Cobalt (OTCQB: COBA) is the recipient of a letter of interest for a potential debt funding package of up to $317.4 million from the Export-Import Bank of the United States.
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Visit: 50
Congo’s Gecamines threatens to intervene in sale of cobalt firm
The Democratic Republic of Congo’s state miner said it will need to approve any acquisition of cobalt producer Chemaf Resources Ltd. if the new owner wants to take over a key mining permit.
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Visit: 58
Deep contango in LME base metals signals weak nearby buying interest
Spot prices for copper and aluminum in London have moved to sharply deeper discounts to the three-month contract this week, signalling healthy supplies and weak buying interest from consumers for immediate deals, analysts and traders said.
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Visit: 77
Glencore said to weigh selling stake in Kazakh miner Kazzinc
Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in China, people familiar with the situation said.
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Visit: 84
EU, Australia sign critical minerals pact to diversify supply chains
Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing.
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Visit: 113
At least two companies seek Norway seabed mining permits
Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry.
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Visit: 88
US blames China’s CMOC for predatory tactics behind cobalt glut
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo mines.
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Visit: 110
Congo allows Zijin mine to resume operations, ministry letter says
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd, according to a letter seen by Reuters on Monday.
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Visit: 89
Peru zinc miner Volcan to avoid debt haircut, new owner says
Volcan Cia Minera SAA plans to make a series of debt payments through August and to refinance later obligations without imposing losses, said the head of its new controlling shareholder, dismissing speculation over a default or restructuring at the Peruvian zinc miner.
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Visit: 97
Sibanye seeks to loosen borrowing restrictions as earnings plunge
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, it said on Friday, after weak platinum group metal (PGM) prices drove earnings 72% lower in the March quarter.
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Visit: 89
Congo’s $7 billion infrastructure deal with China will depend on copper prices
Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of the agreement published on Friday show.
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Visit: 118
High-flying zinc shrugs off European smelter restarts
Belgium’s Nyrstar is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and maintenance.
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Visit: 114