Saudi Arabia of cobalt: Congo eyes battery-metal price power

Mining News Pro - Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions.

Congo launches state-owned cobalt miner

Mining News Pro - The Democratic Republic of Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the country’s hand-mined cobalt.

Congo bans mining in South Kivu village after gold rush

Mining News Pro - A gold rush drawing thousands to a village in Congo`s South Kivu province has driven authorities to ban mining there until more oversight is established, the provincial mines minister said on Thursday.

Eleven killed in rebel raids on Congo’s second city

Mining News Pro - Eleven people, including one child, were killed in Democratic Republic of Congo on Sunday when rebels attacked two military posts in the southeastern mining hub of Lubumbashi, local authorities said.

R&B star Akon enters Congo mining sector in JV with state company

Mining News Pro - A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner, according to a contract published by the mines ministry.

Sundance seeks $8.8bn in damages over canceled Congo iron ore project

Mining News Pro - Australian miner Sundance Resources said on Monday that it had initiated an arbitration process against Congo Republic for damages of $8.76 billion after the Congolese government revoked its permit for the Nabeba iron ore project.

Sundance picks a fight with Cameroon and Congo

Mining News Pro - Junior Sundance Resources has serviced notices of dispute on the Republic of Congo (RoC) and Cameroon over its Mbalam and Nabeba iron-ore projects.

Trafigura plans to restart Congo copper mine

Mining News Pro - Trafigura intends to restart its copper mine in Democratic Republic of Congo, the prime minister`s office said following a meeting with the commodity trader on Thursday.

At least 50 killed in collapsed gold mine in east Congo

Mining News Pro - At least 50 people are thought to have died when an artisanal gold mine collapsed near Kamituga in the east of the Democratic Republic of Congo on Friday afternoon, a local mining NGO said.

Tesla joins cobalt group supporting artisanal Congo miners

Mining News Pro - Tesla Inc. is backing a new initiative to support informal cobalt miners in the Democratic Republic of Congo as carmakers and miners seek to reassure customers about ethically mined supplies of the battery metal.

Tesla joins cobalt group that supports artisanal Congo miners

Mining News Pro - Tesla is backing a new initiative to support informal cobalt miners in the Democratic Republic of Congo as carmakers and miners seek to reassure customers about ethically mined supplies of the battery metal.

Congo to meet miners to debate copper concentrate export waivers

Mining News Pro - Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if there is a way to maintain waivers to an export ban that are meant to expire in September, the mining minister said on Thursday.

S&P holds DR Congo rating at CCC+

Mining News Pro - S&P Global Ratings held Democratic Republic of Congo’s long-term foreign-currency debt rating at CCC+ and lowered its outlook to stable from positive amid the fallout from the coronavirus pandemic.

Tesla Congo cobalt deal means millions for sanctioned Gertler

Mining News Pro - Elon Musk may help sanctioned Israeli billionaire Dan Gertler get a little richer.

BMW avoids the Congo conundrum

Mining News Pro - German luxury vehicle maker BMW this week signed a $2.3 billion long-term deal with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle market.

Congo gives mines a month to release confined workers

Mining News Pro - The Democratic Republic of Congo has given copper and cobalt mining companies a month to stop confining workers on site away from their families to stop the spread of coronavirus, the labour minister said in an open letter.

Kibali`s $500m will be cleared to leave Congo `very soon`

Mining News Pro - Barrick Gold`s Kibali gold mining joint venture in Democratic Republic of Congo will be able to get $500-million out of the country very soon, CEO Mark Bristow told Reuters on Monday.

Congo mines minister to meet with firms on confinement moratorium

Mining News Pro - Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to the coronavirus.

Congo mines minister to meet with firms on confinement moratorium

Mining News Pro - Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to the coronavirus.

Attack on coltan mine in Congo leaves three dead

Mining News Pro - A violent attack to Société Minière de Bisunzu’s (SMB) coltan mine in the Democratic Republic of Congo has killed three and injured another three workers, amid an increase of attacks to mining operations in the country’s mineral-rich eastern region.

Congo officials vow to tackle child labour at mines as virus threatens spike

Mining News Pro - Authorities in Democratic Republic of Congo`s southeastern mining heartland are boosting efforts to tackle child labour amid concerns that the coronavirus pandemic could drive more families to put their children to work in mines, officials said.

Tesla kills three birds with one Congolese stone

Mining News Pro - Elon Musk is giving his rivals the heavy metal blues.

Congo mining provinces impose new Covid-19 lockdowns

Mining News Pro - Authorities in Democratic Republic of Congo`s southeastern mining heartland announced temporary lockdowns on Tuesday in an effort to widen coronavirus testing and prevent a worrying situation from worsening, governors said.

Congo miners may breach rights with virus controls

Mining News Pro - Copper and cobalt-mining companies in the Democratic Republic of Congo may be violating the rights of their workers with stringent confinement policies meant to stop the spread of Covid-19, according to a group of non-governmental organizations.

Congo suspends board and management of State diamond miner MIBA

Mining News Pro - The Democratic Republic of Congo has suspended the board of directors and management of state-controlled diamond mining company MIBA, after an audit revealed significant irregularities, the government said in a statement.

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