US talks often with Congo’s Gecamines on cobalt and copper, official says
The United States speaks regularly with the Democratic Republic of Congo’s state miner Gecamines, a senior State Department official told Reuters, as Washington seeks to deepen relationships with key suppliers of cobalt and copper across the African continent.
-
-
Visit: 56
Congo overtakes Peru on copper output, still behind on exports
The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show.
-
-
Visit: 84
Congo, Chinese partners sign reviewed Sicomines copper-cobalt joint venture agreement
Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo’s Infrastructure Minister Alexis Gisaro Muvunyi said on Thursday.
-
-
Visit: 81
Congo artisanal cobalt monopoly can launch in months, CEO says
The state-owned company created to buy all of Democratic Republic of Congo’s hand-dug cobalt could start operating within three months after years of delays, according to its chief executive officer.
-
-
Visit: 79
Congo and China talking $7 billion in finance, Tshisekedi says
China and Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second inaugural address in the capital, Kinshasa.
-
-
Visit: 89
Breakthrough in wildcat strike sees some Congo copper drivers resume work
Mining News Pro - Trucks carrying thousands of tons of copper in the Democratic Republic of Congo accompanied by security escorts have resumed travel toward the border with Zambia following a wildcat strike, two sources told Reuters on Thursday.
-
-
Visit: 95
Bill Gates-backed mining startup wants to expand into Congo
Mining News Pro - KoBold Metals, a mining start-up backed by Bill Gates that’s developing a copper project in Zambia, is getting closer to investing in the neighboring Democratic Republic of Congo.
-
-
Visit: 136
Copper, cobalt supplies from Congo stranded by truckers’ strike
Mining News Pro - Copper and cobalt produced by companies, including Glencore and CMOC, are stranded in Kolwezi, Democratic Republic of Congo (DRC), due to a truckers strike that started in late October, four sources with direct knowledge of the matter said.
-
-
Visit: 121
Congo plans new copper-cobalt smelter to serve informal miners
Mining News Pro - Democratic Republic of Congo said it’s backing plans for a new domestically owned copper-cobalt plant to help formalize artisanal mining in the country, at a time when minerals crucial to electric vehicles are moving further into the global spotlight.
-
-
Visit: 172
Trafigura’s $600 million cobalt play faces cash crunch in Congo
Mining News Pro - Trafigura Group has been forced to seek new funding for one of its flagship investments — a $600 million copper-cobalt project in the Democratic Republic of Congo — in the latest headache for the trading house’s embattled metals business.
-
-
Visit: 202
CMOC agrees to pay Congo’s Gecamines $800 million to end row
Mining News Pro - China’s CMOC Group has reached an agreement with Congo state mining firm Gécamines and will pay $800 million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the country, it said on Tuesday.
-
-
Visit: 140
US bill aims to counter China control of Congo critical minerals
Mining News Pro - The Chairman of the House Africa subcommittee, Representative John James of Michigan, introduced a bill requiring the creation of a US national strategy to secure supply chains of critical minerals from Democratic Republic of Congo.
-
-
Visit: 191
Congo-UAE gold export deal raises ‘great concerns’
Mining News Pro - A 25-year deal published this week by the Congolese government hands a little-known UAE firm exclusive rights to export artisanal gold at preferential rates, prompting criticism it will solve none of the issues it was meant to address.
-
-
Visit: 187
Congo halts ERG’s copper project after waste leakage
Mining News Pro - Eurasian Resources Group’s Boss Mining copper and cobalt project has been halted by the Democratic Republic of Congo’s government, which cites environmental concerns after flooding in March sent mine waste into a river and nearby town.
-
-
Visit: 214
Congo to hike stake in copper, cobalt venture with China
Mining News Pro - The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country.
-
-
Visit: 144
Congo President heads to China amid mining contract negotiations
Mining News Pro - Democratic Republic of Congo President Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal, people with direct knowledge of the trip said.
-
-
Visit: 163
A $1.5 billion hoard of copper and cobalt is piling up in Congo
Mining News Pro - A growing pile of copper and cobalt worth about $1.5 billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines.
-
-
Visit: 192
Congo watchdog wants billions of dollars more From China infra deal
Mining News Pro - The Democratic Republic of Congo’s government watchdog called for a major overhaul of the country’s $6.2 billion minerals-for-infrastructure deal with China after its investigations found significant breaches of the 2008 agreement.
-
-
Visit: 130
Mining loans seen passing $1 billion at biggest Congo bank
Mining News Pro - Rawbank Sarl forecast its lending to the Democratic Republic of Congo’s mining industry will jump more than 20% to over $1 billion this year, buoyed by rising demand and strong prices for the country’s strategic minerals.
-
-
Visit: 166
Congo president demands more from $6.2 billion China metals deal
Mining News Pro - Democratic Republic of Congo President Felix Tshisekedi criticized a $6.2 billion minerals-for-infrastructure contract with China, saying the world’s largest producer of a key battery metal hasn’t benefited from the deal.
-
-
Visit: 198
Congo picks Symbion to tap methane-filled lake
Mining News Pro - New York’s Symbion Power won a bid to produce electricity from methane trapped in a lake in the eastern Democratic Republic of Congo, the country’s oil minister Didier Budimbu Ntubuanga told Bloomberg.
-
-
Visit: 165
Glencore pays $180 million to Congo to settle corruption claims
Mining News Pro - This includes the company’s payment of $27.5 million in bribes to the DRC between 2010 and 2013.
-
-
Visit: 261
DR Congo town set to 'disappear' as mines expand
Mining News Pro - The Chinese-owned mine wants to expand, and many of Mutombo's fellow residents have taken buy-outs.
-
-
Visit: 357
Congo PM to mediate dispute over Tenke copper and cobalt mine
Mining News Pro - Democratic Republic of Congo’s prime minister expects to host talks between China’s CMOC and state miner Gecamines in the coming days over a dispute at their Tenke Fungurume copper and cobalt project, his office said on Wednesday.
-
-
Visit: 725
CMOC’s Congo mine suspends copper and cobalt exports
Mining News Pro - CMOC’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator.
-
-
Visit: 765