Cobalt - Copperbelt Katanga Mining

Gridlock Congo Mining, (Sarlu GSM), to soon invest in the industrialization of the mining sector in the DRC

October 31, 2021October 31, 2021 arnbethnic

This information was delivered on Tuesday, October 27, 2021 by Raphaël Kibasa Maliba, representative of GSM in the DRC who led a delegation of this company to the Minister of Mines Antoinette N’Samba Kalambayi. The visit of this company to the ministry and mines was motivated by the work done for the recovery of the sector by the number 1 of mines, Antoinette N’Samba Kalambayi. This is what enabled GSM SARLU to make a firm commitment to investment in the DRC, more particularly in the valuation of mining products in particular:… Read More Here

Copper Cobalt International Mining in DRC

Glencore expects trading division to beat 2021 guidance

October 29, 2021October 29, 2021 admin

Miner and trader Glencore on Friday said it expects 2021 earnings before interest and tax (EBIT) for its trading division to top its $2.2 billion to $3.2 billion long-term guidance but stuck to its production guidance. High prices for coal and other commodities are helping miners despite lower production in some cases, while volatile prices have offered trading opportunities. Glencore reported a 9% drop in coal production for the first nine months of the year due to its Prodeco mines in Colombia being suspended and lower domestic production in South Africa. CEO Gary… Read More Here

Cobalt Mining Companies Mining in DRC

DRC: Fungurume Mining has driven out more than 70% of Congolese subcontractors for the benefit of Chinese workers

October 28, 2021October 28, 2021 admin

In his conclusion on the oral question with debate addressed to the Minister of Entrepreneurship, Small and Medium Enterprises, the deputy Paul Ilunga Nkulu noted some cases of violations in the mining sector of the law relating to the rules of subcontracting in the private sector, the subject of his question to Minister Eustache Muhanzi. It was at the end of the minister’s hearing during the plenary of this Wednesday, October 27 at the national assembly. Among these cases, the deputy notably indexed the company Tenke Fungurume Mining (TFM), which… Read More Here

Mining in DRC Cobalt Copper New Mining Projects

DRC: Ivanhoe Mines will publish its financial results for the 3rd quarter / 2021 on November 15

October 25, 2021October 25, 2021 admin

Ivanhoe Mines will release its financial results for the third quarter of 2021 before market opens on Monday, November 15, 2021, a company statement reported. Management will host a conference call and webcast to discuss the results on the same day. Ivanhoe Mines is a Canadian mining company focused on advancing its three main projects in southern Africa: the development of new major mechanized underground mines at the Kamoa-Kakula copper joint venture in the Democratic Republic of the Congo and at Platreef palladium-rhodium -la discovery of platinum-nickel-copper-gold in South Africa; and… Read More Here

Cobalt International Mining in DRC

Top 10 cobalt operations outside of China and the DRC

October 22, 2021October 22, 2021 admin

The global cobalt supply chain remains geographically concentrated — in the Democratic Republic of Congo (DRC) for mine production and China for refining — which will likely pose procurement challenges for battery manufacturers, market analyst Fitch Solutions finds in its latest industry report. However, Fitch notes that there is currently a solid global project pipeline, due to the rise in cobalt prices and the expected demand boom amidst battery manufacturing projects, which will aim to diversify, to some extent, production channels. Cobalt is primarily the byproduct of nickel and copper mining, and the global… Read More Here

Mining in DRC Cobalt International

Dutch Insurer AnsvarIdéa joins Fair Cobalt Alliance

October 21, 2021October 21, 2021 admin

Netherlands-based insurer AnsvarIdéa has become a member of the Fair Cobalt Alliance (FCA), a multistakeholder action platform that is committed to developing responsible and fair supply of artisanal mined cobalt from the Democratic Republic of Congo (DRC). AnsvarIdéa is the first company to join the FCA that is not directly involved in the cobalt production supply chain. Dr Assheton Carter, executive director at the FCA, commented: “AnsvarIdéa can be proud to be the first company outside the immediate cobalt supply chain and the first insurer to join and support us.… Read More Here

Cobalt Copper Gold Mining in DRC Tin

DRC: copper, cobalt, gold, zinc, … on the rise this week on the international market

October 19, 2021October 19, 2021 admin

All the main mining products of the Democratic Republic of Congo show an upward trend this week, going from October 18 to 23, 2021, on the international market, inform the projections of the Commission Nationale des Mercuriales of the Ministry of Foreign Trade. Copper is trading this week at $ 9,325.20 per tonne versus $ 9,147 per tonne last week, up $ 178. Likewise, cobalt is up to $ 52,879 per tonne from $ 52,469 per tonne last week, a positive price spread from the Order of $ 410. Zinc… Read More Here

Cobalt Copper Mining in DRC New Mining Projects

Kamoa-Kakula’s Phase 2 expansion will double annual production

October 12, 2021October 17, 2021 admin

Kamoa-Kakula’s Phase 2 expansion, doubling production to over 400,000 tonnes of copper per year, ahead of schedule and now on track to begin full operations in Q2 2022New Phase 1 daily production record of 721 tonnes of copper achievedKamoa-Kakula’s second filter press begins operations, allowing for increased copper concentrate productionPhase 1 concentrator ore throughput exceeding the 3.8 Mtpa design by more than 10% KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced that construction of Kamoa-Kakula’s Phase 2 concentrator plant,… Read More Here

Copper Cobalt Mining in DRC

Ivanhoe’s Friedland expects foreign migration to Congo’s “higher grade” copper mines

October 12, 2021October 17, 2021 admin

THE Democratic Republic of Congo (DRC) is “the Saudi Arabia of copper, cobalt and hydroelectric generation potential”, according to Robert Friedland, the executive co-chairman of Ivanhoe Mines which started production from its Kamoa-Kakula copper mine in the DRC in May this year. Taking part in a panel discussion at the FT Mining Summit, Friedland said that it was “blatantly obvious” more foreign mining companies were going to invest in the DRC because it was “the logical place to mine”. Turning to the latest regulatory developments in the country, Friedland commented: “We… Read More Here

Copper Cobalt Drilling Mining in DRC

Red Rock completes RC drill programme at Luanshimba

October 12, 2021October 12, 2021 admin

Natural resource development company Red Rock Resources has completed a reverse circulation (RC) drill programme at the Luanshimba copper/cobalt project in the Haut-Katanga province of the Democratic Republic of Congo. The Luanshimba project is operated by Red Rock Galaxy, an 80%-owned Congolese subsidiary of Red Rock. Three prospects were drilled, at Kilembwe South, Kilembwe East and Bukulu. There were 2 763 samples, including quality assurance or quality control samples prepared at ALS Global’s preparation laboratory before sending in batches to the ALS laboratory in South Africa for analysis. The majority of assay results have been received, but those from… Read More Here