DRC - Copperbelt Katanga Mining

A tonne of Cobalt Slightly up to 51,267.00 USD this week.

September 21, 2022September 23, 2022 arnbethnicCobalt, DRC

The general trend in the prices of the main mining export products of the Democratic Republic of Congo is upward for the period from August 19 to 24, 2022. This is at least what the projections of experts from the National Commission of Mercurials indicate. of the Ministry of Foreign Trade. According to this document, the price of cobalt should record a slight increase this week to sell at 51,267 USD per tonne against 51,265 USD per tonne last week, an increase of 2 USD. On the London Stock Exchange,… Read More Here

Mining in DRC Coltan

Illicit exploitation of coltan, more than 4 billion USD escape the control of the Public Treasury per year (ENACT Africa)

July 25, 2022July 25, 2022 arnbethniccoltan, DRC

The activity of armed groups in the eastern part of the Democratic Republic of Congo (DRC) causes the public treasury to lose more than four (4) billion US dollars per year due to the illicit exploitation of coltan. This figure emerges from the latest report published by ENACT Africa, a European Union project aimed at strengthening the fight against transnational organized crime in Africa, In this report, the organization has highlighted some of the evils that hinder the responsible exploitation of Congolese coltan. Among the evils raised by ENACT Africa,… Read More Here

Mining in DRC

Katanga Mining Company Offers Speedcast a Multi-Year Connectivity Contract

September 8, 2021September 8, 2021 Chilombo MahambaDRC

Katanga Mining has offered Speedcast a three-year contract to deliver satellite connectivity services to its headquarters and a major mine complex in the Democratic Republic of Congo (DRC). Speedcast is a leading communications and IT services provider. Internet connectivity is critical for today’s digital mine site, as it enables Internet of Things (IoT) capabilities, ensures safety of personnel and equipment on-site, and provides crew welfare applications for workers in the most remote locations. As part of the agreement, Speedcast will serve MCK’s Lubumbashi headquarters and the Ruashi open-pit copper and cobalt mine… Read More Here

Mining in DRC Covid-19

Congo’s Chamber of Mines head sees more M&A due to covid-19

May 25, 2020May 25, 2020 arnbethnicChamber of Mines, DRC

The coronavirus pandemic will drive a “survival of the fittest” in Democratic Republic of Congo’s mining sector and trigger an increase in deal-making, the president of the DRC Chamber of Mines said on Wednesday. “I see an increase in M&A activities post-covid-19 where the big players are shopping around for opportunities,” Louis Watum, who is also managing director of DRC operations at Ivanhoe Mines, said in a virtual panel discussion. Boris Kamstra, director of Pangea Exploration and executive director at Alphamin Resources, which manages the Bisie tin mine in Congo’s… Read More Here

Mining in DRC Potash

Kore Potash secures 25-year ESIA certificates for Congo projects

April 18, 2020April 18, 2020 arnbethnicDRC, Kore Potash

Kore Potash, the Republic of Congo focused junior, has been issued its Certificates of Environmental Compliance for its flagship 97%-owned Sintoukola potash project. The certificates were issued on 31 March 2020 by the Ministry of Tourism and Environment of the Republic of Congo, each with a 25-year validity and relate to the Environmental and Social Impact Assessments (ESIA) for both the Dougou and Kola mining licences and relax the previous requirement for periodic compliance certificates. Kola ESIA The ESIA for the Kola mining licence was first approved by the Minister… Read More Here

Mining in DRC Gold

Congo’s Ituri Governor Condemns Rising Insecurity in the Gold Province

April 11, 2020April 11, 2020 arnbethnicDRC, Gold, Ituri

Illicit mining and mineral trafficking are fuelling mine site violence, the governor of the gold-rich Ituri province of the Democratic Republic of the Congo said after armed robbers killed four people, including three Chinese nationals, in a gold mine. The attack occurred at around 1:00 a.m. on the morning of April 5 in a gold site that was mined by the COMIDI cooperative in Irumu, 62 km from the provincial capital of Bunia, the governor said. It was first reported on Monday by China’s official Xinhua news agency. “We can… Read More Here

Gold Corporate social responsibility Mining in DRC

Barrick Donates US$1.5M in the Fight Against Covid-19 in DRC

April 11, 2020April 11, 2020 arnbethnicBarrick, Coronavirus, COVID-19, DRC

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX), operator of the Kibali gold mine, has announced a $1.5 million support program to help combat and contain the Covid-19 pandemic in the Democratic Republic of Congo. Barrick’s chief operating officer for the company’s Africa and Middle East region, Willem Jacobs, says the company believes the current situation requires a national response from all who have the DRC’s interests at heart. Barrick, as a committed partner to the DRC, has structured a detailed Covid-19 support program for the country, which was communicated to the government at… Read More Here