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DRC: MMG promises to launch arbitration proceedings against GECAMINES 1 Mining in DRC 

DRC: MMG promises to launch arbitration proceedings against GECAMINES

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MMG, a mining company registered in Hong Kong, announced a few hours ago its intention to open arbitration proceedings before the International Chamber of Commerce in Paris and Geneva against GECAMINES, a mining company belonging to Congolese state. GECAMINES is accused by the Chinese side of violating the rights of the latter on several mining concessions in the former province of Katanga. Among the grievances formulated against GECAMINES, MMG refers to the incident which occurred on September 16, 2022 following the incursion into the Nambulwa concession by the armed forces… Read More Here

HAS GLENCORE GIVEN ELECTRIC VEHICLES THE EXTRA PUSH TO ENGINEER COBALT OUT OF A BATTERY?

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Is cobalt becoming its own worst enemy? Simon Moores, Managing Director, Benchmark Mineral Intelligence explores Glencore’s latest move to pull hydroxide supply from the market in the midst of contract negotiating season and what it means for cobalt’s strained relationship with cathode, battery and electric vehicle (EV) producers. On Tuesday 6 November, the wires and social media channels were lit up with a seemingly significant piece of cobalt news: Glencore had pulled 1,472 tonnes of cobalt hydroxide from the market. The basis for the world’s leading producer to act in this way… Read More Here
Codelco offers 2023 European copper premiums at record high 2 Copper International 

Codelco offers 2023 European copper premiums at record high

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Chile’s Codelco, the world’s biggest copper miner, is offering to sell copper to European buyers at a record high premium around $235 a tonne for 2023, a rise of 85% from 2022, two sources familiar with the matter said. The premiums set by state-owned Codelco for physical delivery of copper, paid on top of the London Metal Exchange contract, are seen as a benchmark for global contracts. Codelco in London declined to comment. “Many European consumers don’t want Russian copper, they have to look elsewhere,” one of the sources said.… Read More Here
DRC mining companies think of joint action to save child victims of mining 3 Mining in DRC 

DRC mining companies think of joint action to save child victims of mining

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Mining giants operating in the Democratic Republic of Congo (DRC) including Kamoa Mining, Tenke Fungurume Mining, MMG and Kico have expressed an interest in taking joint action to improve the social conditions of children whose lives are negatively impacted by mining in the province of Haut-Katanga. This initiative was welcomed by the United Nations Children’s Fund (UNICEF) and several other stakeholders who promised to lend a hand to the sustainability of the project. In a press release made public on this subject, the project stakeholders reiterated their great interest in… Read More Here
copper on the rise but remains below USD 8,000 per tonne 4 Copper Cobalt Mining in DRC Zinc 

copper on the rise but remains below USD 8,000 per tonne

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This week from October 10 to 15, 2022, the mineral export products of the Democratic Republic of the Congo are showing an upward trend in the majority, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper is up this week at 7,604.30 USD per tonne against 7,506.80 USD per tonne last week, an increase of around 97.7 USD. Cobalt is also up this week at 51,261 USD per ton against 51,211 USD per ton last week, giving a positive price difference of… Read More Here
Fortescue sees first major hydrogen project within next 9 months 5 Energy Equipment & Technology International 

Fortescue sees first major hydrogen project within next 9 months

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Fortescue Future Industries will announce its first major clean energy project within the next nine months, as the unit of Fortescue Metals Group Ltd. attempts to reach its ambitious green hydrogen production goals. “We’ve got a couple of projects which are getting very close to first investment decision, and so we’re looking to do that certainly over the next nine months or so to have those announcements out there,” Guy Debelle, chief financial officer of FFI and former deputy governor of the Reserve Bank of Australia, said in an interview… Read More Here
Metso Outotec launches Courier 8X SL flotation analyzer for light and heavy elements 6 Equipment & Technology Mining technology 

Metso Outotec launches Courier 8X SL flotation analyzer for light and heavy elements

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Metso Outotec is introducing the Courier 8X SL analyzer with enhanced technology for maximizing plant efficiency by enabling the measurement of light elements while improving recovery and reducing impurity content in flotation circuits. Courier 8X SL measures booth light and heavy elements using laser-induced breakdown spectroscopy (LIBS). The result is the optimization of concentrate impurity content while maintaining the best possible recovery. It can also be used in lithium recovery in spodumene flotation. Courier 8X SL will replace Courier 8 SL in Metso Outotec’s automation portfolio, and the previous generation… Read More Here
Gas blocks in the DRC: Greenpeace worries about a "rushed process" 7 Mining in DRC Oil & Gas 

Gas blocks in the DRC: Greenpeace worries about a “rushed process”

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The environmental NGO Greenpeace Africa, which opposes the exploitation of hydrocarbons in the DR Congo, expressed concern on Thursday evening about the “rush” with which Kinshasa wants, according to it, to start the exploration of the gas from Lake Kivu, in the east of the country. The Congolese government proceeded Wednesday to the counting of the candidatures of a dozen companies and consortia which expressed their interest for three blocks of methane gas identified in this lake, on the border between the DRC and Rwanda.  The Minister of Hydrocarbons, Didier… Read More Here
MMG to start arbitration against Congo’s Gecamines 8 Mining in DRC Mining Companies 

MMG to start arbitration against Congo’s Gecamines

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MMG Limited said it plans to launch international arbitration against Congolese state mining company Gecamines after Democratic Republic of Congo armed forces occupied two concessions near its Kinsevere copper mine. Hong Kong-listed MMG said armed forces entered its Nambulwa mining lease on Sept. 16 claiming Gecamines had signed a research contract for it. MMG staff were able to return to site and continue work from Sept. 28 but the armed forces remained there, MMG said. The company also said that security forces removed MMG staff from its Sokoroshe II mining… Read More Here
DRC: eight candidate companies for the acquisition and exploitation of three gas blocks in Lake Kivu 9 Mining in DRC Oil & Gas 

DRC: eight candidate companies for the acquisition and exploitation of three gas blocks in Lake Kivu

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The Congolese Minister of Hydrocarbons, Didier Budimbu, chaired, on Wednesday October 12, 2022, in Kinshasa, the opening ceremony of the bids received within the framework of the Notice of call for tenders launched on July 28, 2022 by the President of the Republic, Félix Tshisekedi, for the acquisition and exploitation of three gas blocks from the Lac. It was at the Pullman hotel in Kinshasa in the presence of national deputies, senators, members of the cabinet and the technical secretariat of the ad-hoc Commission made up of delegates from the Ministry… Read More Here

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