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Congo halts court case against China Moly’s Tenke mine 1 Cobalt Copper Mining in DRC 

Congo halts court case against China Moly’s Tenke mine

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Congo’s state miner Gecamines has halted its court case against China Molybdenum, which last month was stripped of control of its giant copper and cobalt Tenke Fungurume mine in the country, as officials seeks a solution to a dispute between the companies. The Congolese government announced in August it had formed a commission to reassess the reserves and resources at the mine to “fairly lay claim to (its) rights”. Several Gecamines officials were appointed to the commission as the DRC claims it is owed billions of dollars. In February, a local court named… Read More Here
World: mining governance in the DRC is the weakest of all the countries in the world  2 Mining in DRC Governance 

World: mining governance in the DRC is the weakest of all the countries in the world 

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Although it has significant reserves of raw materials in the world, the Democratic Republic of Congo is failing through its governance in this sector, observers from the NGO Natural Resource Governance Institute (NRGI) report in a report published recently. According to the 2021 Natural Resource Governance Index, the governance of the mining industry in 7 out of 13 countries is “ weak ” or “ insufficient ”. Mining governance in the Democratic Republic of Congo is the weakest of all countries. This governance, presented as the weakest of all, keeps local communities in the… Read More Here
Market: copper still up at USD 10,247 per tonne, cobalt down at USD 81,619 per tonne 4 Cobalt Copper Gold Mining in DRC 

Market: copper still up at USD 10,247 per tonne, cobalt down at USD 81,619 per tonne

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The general trend in commodity prices on the international market is between rise and fall for the main mining export products of the Democratic Republic of Congo, informs the National Mercurial Commission of the Ministry of Foreign Trade. Copper remains up this week at 10,247 USD per tonne against 10,017 USD per tonne last week, a positive price difference of 229.7 USD. Zinc is also up this week at 3,902 USD per tonne against 3,833 USD per tonne last week, giving a positive price difference of 69.2 USD. The other… Read More Here
Alphamin to proceed with Mpama South mine development 5 Mining in DRC New Mining Projects Tin 

Alphamin to proceed with Mpama South mine development

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Tin miner Alphamin Resources on March 29 said it had taken the decision to proceed with the development of the Mpama South mine and processing plant in the Democratic Republic of Congo. Alphamin is targeting first tin production at Mpama South by December 2023. The mine is estimated to produce contained tin of 7 232 t/y at an estimated all-in sustaining cost of $15 188 /t. The mine is expected to deliver earnings before interest, taxes, depreciation and amortisation of about $187-million a year at an assumed tin price of $40 000/t. Alphamin… Read More Here
Metso Outotec launches digital twin 6 Mining technology Equipment & Technology International 

Metso Outotec launches digital twin

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Metso Outotec has launched Geminex, a digital twin which manages variability in mining and metallurgical operations. Geminex simulates and optimises operations in mineral processes by coming operational data from both internal and external data sources. The technology can also be used by pyro- and hydrometallurgical processes, Metso said. The Geminex technology uses HSC process models, which have already been implemented in hundreds of minerals flowsheet development processes, Metso Outotec said. Metso Outotec said the technology minimises carbon footprint, maximises efficient use of resources, simulates the process without environmental or financial… Read More Here
World: in 2020, four mines located in the DRC produced nearly 41% of the world's cobalt 7 Cobalt Mining in DRC 

World: in 2020, four mines located in the DRC produced nearly 41% of the world’s cobalt

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Four mining companies based in the Democratic Republic of Congo produced nearly 41% of the cobalt stock produced worldwide, according to a report by the NGO Natural Resource Governance Institute (NRGI). These companies include Kamoto, Tenke Fungurume, Metalkol RTR and Etoile operating in a market that concerns relatively few countries and companies. According to this report, this concentration entails significant geopolitical and investment risks for the Governments of the countries consuming and producing cobalt, as well as for companies in the supply chain. To date, the cobalt market is dominated… Read More Here
DRC: a third of the country's mining product exports in 2019 consisted of cobalt 8 Mining in DRC Cobalt 

DRC: a third of the country’s mining product exports in 2019 consisted of cobalt

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Increasingly sought after on the international market, cobalt is essential in the Democratic Republic of Congo as an essential element for financing the economic development of the country. According to a report published by the NGO Natural Resource Governance Institute (NRGI), the price increase meant that in 2019, in terms of value, a third of the exports of the Democratic Republic of Congo (DRC) consisted of cobalt. . To this end, the DRC government has declared cobalt to be a “strategic mineral substance” and has increased royalties on cobalt in… Read More Here
World: copper demand will increase from 24 million tonnes in 2020 to 33 million tonnes in 2040 9 Copper International 

World: copper demand will increase from 24 million tonnes in 2020 to 33 million tonnes in 2040

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Global copper demand is expected to increase from 24 million tonnes in 2020 to 33 million tonnes in 2040, informs the International Energy Agency quoted in a report published by the NGO Natural Resource Governance Institute (NRGI). Despite the increase in the market value of cobalt, this report notes that currently, both globally and in the Democratic Republic of Congo, the value of copper produced each year far exceeds the value of cobalt. The price of cobalt has increased significantly: in July 2021, its price was twice as high as… Read More Here

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