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Category: Coltan

North Kivu: Coltan Price Soars from $30 to $70 Amid M23 Rebel Control of Rubaya 1 Mining in DRC Coltan Regional conflict 

North Kivu: Coltan Price Soars from $30 to $70 Amid M23 Rebel Control of Rubaya

Constance
Since the rise of the M23 rebels, supported by Rwanda, to control the mining town of Rubaya in North Kivu province, the cost of mining activities has significantly increased. According to local civil society, since the M23 rebels took over Rubaya, the price of a kilogram of coltan has soared from $30 to $70. Additionally, the daily wage for a digger has jumped from 10,000 Congolese francs (CDF) to 30,000 CDF. “1 kg of coltan, which sold for $30, now even raw sand sells for $70 per kilo. We believe… Read More Here
Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya 2 Mining in DRC Cobalt Coltan Regional conflict Tin 

Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya

Constance
Opposition figure Martin Fayulu has condemned the presence of the Rwandan army alongside M23 militants in the mining town of Rubaya, located in the Masisi territory of North Kivu province. Fayulu, expressing his criticism via his X account, accused the Rwandan M23 army of controlling Rubaya, suggesting Rwanda’s increased access to Congolese coltan. Amidst this, Fayulu highlighted the plight of Congolese citizens affected by floods in Kalemie and Uvira, denouncing the government’s apparent lack of assistance and expenditure on unnecessary trips. Rubaya, known for its rich mineral resources including coltan,… Read More Here
M23 Rebels Seize Control of Coltan Mining Town in Eastern DRC 3 Mining in DRC Coltan Regional conflict Tin 

M23 Rebels Seize Control of Coltan Mining Town in Eastern DRC

Constance
M23 rebels in the eastern Democratic Republic of Congo have captured Rubaya, a vital mining town known for its coltan reserves, following days of intense conflict, according to a rebel spokesperson. Eastern Congo has endured violence since the 1990s, fueled by struggles over identity, ethnicity, and resources, resulting in millions of deaths and the emergence of numerous armed groups. Willy Ngoma, the spokesperson for the Tutsi-led M23 militia, stated that they had taken control of Rubaya in North Kivu province after confronting other armed factions, including the Forces for the… Read More Here
Rwanda Leads Coltan Exports Amidst Concerns of Resource Exploitation in DRC 4 Mining in DRC Coltan 

Rwanda Leads Coltan Exports Amidst Concerns of Resource Exploitation in DRC

Constance
Over the past decade, Rwanda has consistently emerged as the world’s top exporter of coltan on five occasions, according to data compiled by the ECOFIN agency. In 2023 alone, Rwanda exported 2,070 tonnes of coltan, surpassing the Democratic Republic of Congo’s (DRC) export volume of 1,918 tonnes. Despite Rwanda’s recurrent dominance in recent years, the DRC remains the primary supplier of coltan, with cumulative export figures of 17,330 tonnes compared to Rwanda’s 15,374 tonnes over the past decade. Coltan, a crucial mineral in the tech industry for devices like computers… Read More Here
Declining Trends in DR Congo's Mining Exports Raise Concerns for Government Revenue 5 Mining in DRC Coltan 

Declining Trends in DR Congo’s Mining Exports Raise Concerns for Government Revenue

arnbethnic
The overall trend of mining products exported from the Democratic Republic of Congo (DRC) has been downward during the period from October 16 to 21, 2023, on international markets. According to data provided by the National Price Commission, a division of the DRC’s Ministry of Foreign Trade, tantalum is expected to experience a significant price drop of approximately 23%, trading at $227 per kg this week compared to $296 per kg the previous week. During the period from October 16 to 21, 2023, several other mining products exported from the… Read More Here
Discovery of pyrochlore, a mineral more expensive than coltan, looted by Rwanda and Uganda from the DRC 6 Coltan Mining in DRC 

Discovery of pyrochlore, a mineral more expensive than coltan, looted by Rwanda and Uganda from the DRC

arnbethnic
More than 120 people were killed by the M23 rebels during the massacre of November 29, in Kishishe, a locality of Rutshuru territory (North Kivu) in the eastern Democratic Republic of Congo. The Congolese government is furious, accusing the Kigali regime of supporting the M23 to unfairly occupy its territories. According to Julien Paluku, the DRC Minister of Industry, the progression of the M23 in Kishishe aims to control natural resources of the Mining and Industrial Company of Kivu (SOMINKI) to extract minerals from the Congo, specifically pyrochlore which contains niobium,… Read More Here
Tantalex Lithium Resources On track to becoming a key African lithium producer 7 Mining in DRC Coltan Tin 

Tantalex Lithium Resources On track to becoming a key African lithium producer

arnbethnic
Tantalex Lithium Resources Corp., listed on the Canadian (CSE: TTX), American (OTCQB: TTLXF), and Frankfurt (DW8) exchanges, is currently developing its majority-owned flagship project, the Manono lithium tailings project. Tantalex has completed 13,000m of drilling with all assay results being received. A Maiden Mineral Resource Estimate is due to be released during the month of November. Additionally, bulk samples from the tailings have been sent to the metallurgical test facilities in South Africa where preliminary heavy liquid separation (HLS) metallurgical test results have confirmed that up to 6.5% Li2O spodumene… Read More Here
Canadian Tantalex will launch production of tin and tantalum concentrate in 2023 in the DRC 8 Coltan Mining in DRC Tin 

Canadian Tantalex will launch production of tin and tantalum concentrate in 2023 in the DRC

arnbethnic
In Africa, the DRC and Namibia are the two main producers of tin. While Namibia has gradually increased its production in recent years thanks to the Uis mine, the DRC does not intend to give up ground and can count on new projects. In the DRC, Tantalex Lithium Resources will start producing tin concentrate and tantalum concentrate as early as March 2023, at the Titan project. This announcement made on Monday, October 31 by the Canadian mining company follows the obtaining of two mining concessions in the Manono region, in place of… Read More Here
COMINIERE SA response to the allegations of mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite in Manono and Malemba-Nkulu 9 Mining in DRC Coltan 

COMINIERE SA response to the allegations of mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite in Manono and Malemba-Nkulu

arnbethnic
The Simplified Joint Stock Company called UNITED COMINIERE, hereinafter “UC SAS” or the “Company” is the result of a Joint Venture Agreement dated July 27, 2016 between La Congolaise de l’exploitation Minière (COMINIERE SA) and Sandstone Worldwide Ltd (SANDSTONE) respectively owner of thirty (30) and seventy (70) shares within the Joint Venture for the development of Exploration Permits numbered 12447, 12448, 12460 and 12462 in the Provinces of Haut-Lomami and Tanganyika in the Democratic Republic of Congo; We, associates of UC SAS, have just read an article on ACTUALITE.CD, a… Read More Here
Coltan ore1 Mining in DRC Coltan Environment Social Governance (ESG) Mining Policy 

UC SAS denounces a mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite, perpetrated in Manono and Malemba-Nkulu in DRC

arnbethnic
A mining fraud of more than 60 tons of coltan and cassiterite, valued at more than 10 million USD, would be perpetrated in the territories of Manono and Malemba-Nkulu, in the provinces of Haut Lomami and Tanganyika. This is what the company United Cominiere SAS denounces in its press release published on Tuesday, October 22, 2022.   This company accuses a certain Hadley Nathus and a Canadian subject named Eric Allard (chairman and CEO of the company TANTALEX) who, acting in complicity with the leaders of COMINIERE, would be in collusion with… Read More Here

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