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DRC: Chino-dependence on cobalt, the need for a geostrategic rebalancing

November 24, 2021November 24, 2021 admin

The Democratic Republic of Congo is faced with the imperative to control and capitalize the Congolese Chinese dependence on the production of Cobalt. Hence the need for this country to be able to play its role of promoting the geostrategic balance of powers while privileging its interests. To achieve this, the analyst Engunda Ikala Alain recommends the development of this interministerial decree defining the conditions of access, exploitation and marketing of strategic minerals. This will allow the DRC to become, in the next ten years, (1) a major player in the global ecological… Read More Here

Mining technology

BME wins industry award for safe disposal of used oil

November 24, 2021November 24, 2021 admin

Omnia group company BME has been recognised by the Chemical and Allied Industries’ Association (CAIA) for its contribution to a cleaner environment – winning the CAIA Responsible Care® initiative of the year award, in the company projects: Category A segment, during an online award ceremony last week. The award was for BME’s incorporation of used oil as a base product for its emulsion explosives, removing the risk that this oil could contaminate water or soil. According to BME Managing Director (SADC) Ralf Hennecke, the initiative is part of the company’s… Read More Here

Cobalt International

Cobalt at 61,000 USD per tonne on the international market

November 24, 2021November 24, 2021 admin

The trend in the basic values of export mining products from the Democratic Republic of the Congo is on the rise in the week from November 22 to 27, 2021, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade expensive to Jean-Lucien Bussa. Cobalt is the leading mining product showing an upward trend. A tonne of cobalt is trading this week around $ 61,232.85 versus $ 60,024.71 per tonne last week, a positive price spread of $ 1,208.14. Copper is down this week. It is… Read More Here

Mining in DRC Copper Mining technology New Mining Projects

DRC: Zijin approves USD 769 million investment in copper smelter

November 24, 2021November 29, 2021 admin

Zijin Mining announced Tuesday that its board of directors has approved a $ 769 million smelter investment for its Kamoa-Kakula copper project alongside Ivanhoe Mines in the Democratic Republic of Congo (DRC). The company will reduce the partners’ reliance on third-party smelters to process their ore and make blister, a partially purified form of copper. The 500,000-ton-per-year direct smelter will be Africa’s largest copper smelter and one of the world’s largest single-line smelters, Ivanhoe said last week when announcing the award of the basic engineering contract to China Nerin Engineering Co. The $ 769 million,… Read More Here

Equipment & Technology Mining technology

Sandvik acquires GWS for tools portfolio

November 23, 2021November 23, 2021 admin

Mine equipment manufacturer Sandvik has agreed to acquire US-based GWS Tool Intermediate Holdings (GWS), a provider of made-to-order round cutting tools to the general engineering industry, to improve its position in the advanced components sector. Stefan Wilding, chief executive officer and president of Sandvik, described the acquisition of GWS as “an important step” in its growth strategy in North America. The acquisition will be reported in Sandvik’s Walter division, an area of its Manufacturing and Machining Solutions segment. Financial details of the deal were not disclosed. The company explained that… Read More Here

Gold International

Gold price drops to 2-week low as Fed opens door to faster tapering

November 23, 2021November 23, 2021 admin

Gold erased more than two weeks’ worth of gains on Monday, pressured by a firmer dollar and expectations that the US Federal Reserve may accelerate the pace of policy tightening to combat inflation. Spot gold was down 1.6% to $1,816.91/oz by noon ET, after falling to its lowest since Nov. 5 at $1,812.09/oz earlier in the session. US gold futures declined 1.8% to $1,818.10/oz in New York. Bullion’s latest pullback comes after comments from Fed Vice-Chair Richard Clarida last week suggested that the central bank would table the idea of tapering its… Read More Here

Mining in DRC Mining Companies

MP Irène Wasso pleads for the dismissal of the governor of South Kivu and the withdrawal of all Chinese companies

November 22, 2021November 22, 2021 admin

The national deputies adopted the report of the parliamentary commission dispatched to South Kivu more precisely in the territory of Mwenga in order to gather information on the illicit exploitation of minerals by foreign companies. According to Christophe Mboso, the findings of the mission will be transmitted to the government. This report revealed serious dysfunctions in the mining sector in the DRC. To quote only the case of Mwenga, several Chinese companies exploit gold without titles or qualities. There are, for example, companies which only hold exploration permits but which actually operate the… Read More Here

Artisanal mining Mining in DRC

Jacques Djoli proposes the limitation of artisanal exploitation and the revision of the mining code to promote industrial exploitation-DRC

November 22, 2021November 22, 2021 admin

In his intervention during the examination of the report of the parliamentary commission dispatched to South Kivu more precisely in the territory of Mwenga in order to collect information on the illicit exploitation of minerals by foreign companies, the national deputy Jacques Djoli suggests the limitation of artisanal exploitation for the benefit of the industrial exploitation of minerals in the east of the Democratic Republic of Congo. He specified that the insecurity but also the fights between groups have only one objective the concern of wanting to control the mining… Read More Here

Mining in DRC

DRC: Juvenal Munubo requested a fact-finding mission on the social impact of mining in Walikale

November 22, 2021November 22, 2021 admin

The national deputy Juvénal Munubo Mubi presented Friday to the office of the National Assembly the official request for a fact-finding mission on the social impact of mining in the territory of Walikale, the largest territory of the province of North Kivu, with 39.46% of its area. The mission will have to take stock of the situation and make recommendations to the government. A report by the United Nations Joint Office for Human Rights (UNJHRO) in July stressed that the weakness of the authority of the Congolese state in this territory… Read More Here

Mining in DRC

DRC: Félix Tshisekedi makes 8 recommendations to Mines Minister, to increase contribution of the sector to the State Budget

November 22, 2021November 22, 2021 admin

The President of the Republic Félix Tshisekedi insisted on the imperative to proceed with the rationalization of the management of the mining sector, in his communication during the 29th meeting of the Council of Ministers held on Friday, November 19. For Félix Tshisekedi, said rationalization will make it possible to increase the contribution of the mining sector to the State Budget and to benefit, as a priority, “the people first” from the mineral wealth of the DRC. This by effectively fighting against mining fraud and putting an end to a kind… Read More Here