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Congo halts Sicomines' copper exports, orders local refining

By: Bloomberg     9th October 2017 The Democratic Republic of Congo ordered Sinohydro Corp. and China Railway Construction Corp.’s local mining venture to stop exporting unprocessed copper and cobalt and refine all its metals within the country. Sicomines must ship “only high-value products” as the government looks to “ensure the... 

SAA cuts back on domestic, regional flights

By: Natasha Odendaal     27th September 2017 Effective October 29, South African Airways (SAA) will reduce its daily Port Elizabeth and East London flights, along with some of its flights to Central Africa, as it continues to monitor route performance. The State-owned airliner on Wednesday said it had made some capacity adjustments to align... 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) region is key to diversifying the regional economy away from its current reliance on the export of raw commodities and to supporting economic growth and employment creation. There is broad... 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) is key to diversifying the regional economy away from its current reliance on export of raw commodities and to supporting economic growth and employment creation. There is broad acceptance that SADC... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

African body urges Congo to prosecute Anvil over mine deaths

By: Bloomberg     15th August 2017 The African Union’s human rights body urged the Democratic Republic of Congo’s government to prosecute officials of an Australian mining company over their alleged role in a military crackdown in 2004 that left more than 70 people dead. The African Commission on Human and People’s Rights also... 

UN experts accuse Congo army General of mining gold illegally

By: Bloomberg     14th August 2017 A group of United Nations experts said it’s gathered evidence that a sanctioned Congolese military officer owns gold mining operations in the northeast of the country, contravening the country’s mining code. Tax officials, mine workers and dredge owners told the Group of Experts on the Democratic... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

Ivanhoe's Congo success follows deals with President's brother

By: Bloomberg     18th July 2017 In the two decades since billionaire mining investor Robert Friedland founded Ivanhoe Mines, his small team has made some of the biggest mineral discoveries in the world. In the Democratic Republic of Congo, it has done so while trading and contracting with companies controlled by one of... 

Strong South African air traffic growth forecast

By: Keith Campbell     30th June 2017 The International Air Transport Association (IATA) has forecast that the number of air passenger journeys to, from and within South Africa will more than double from the 23.6-million last year to more than 54-million by 2036. This will be the result of an average annual growth rate in the... 

Miners ask Congo to adjust tax repayments for franc slump

By: Bloomberg     19th May 2017 Mining companies in the Democratic Republic of Congo asked the government to adjust pending value-added tax repayments for a slump in the franc that could cost them as much as $210-million collectively. Federation des Entreprises du Congo, the country’s largest business lobby group, sent the... 

Miners told to move DRC HQs as provinces compete for revenue

By: Bloomberg     25th April 2017 The Democratic Republic of Congo told local units of Glencore, China Molybdenum, Ivanhoe Mines and four other mining companies to relocate their head offices as newly demarcated provinces fight over tax revenue and control of mineral projects. The companies, all headquartered in Lubumbashi, the... 

Congo nears Eskom power-supply contract to boost copper output

By: Bloomberg     24th April 2017 The Democratic Republic of Congo (DRC) signed a provisional agreement to import power from South Africa that could boost copper production this year by as much as 20%, according to the country’s chamber of mines. State-owned power company SNEL proposed importing 200 MW from South African utility... 

Congo sees Trump roll-back of Dodd-Frank stoking insecurity

By: Bloomberg     20th March 2017 The Democratic Republic of Congo (DRC) warned that proposals by the Trump administration to roll back laws on so-called conflict minerals from central Africa risks stoking violence by armed groups in the region. The suspension of Section 1502 of the Dodd-Frank Act “in the long run, will... 

Glencore paid Gertler's firm $100m Congo royalties

By: Bloomberg     3rd March 2017 Glencore paid more than $100-million previously owed to the Democratic Republic of Congo’s state mining business to a company controlled by billionaire investor Dan Gertler, according to advocacy group Global Witness. It’s the first time the value of the payments made to Gertler have been made... 

Congo said to get $100-million to clear China Moly purchase

By: Bloomberg     22nd February 2017 The Democratic Republic of Congo’s state mining company received $100-million as part of a settlement to drop its objections to the sale of the country’s biggest copper mine to Chinese buyers, according to people with knowledge of the agreement. The cash payment was made last month after... 

DRC drops objection to $3.8bn Freeport, Lundin sales

By: Bloomberg     18th January 2017 The Congolese government has dropped objections to Freeport-McMoRan and Lundin Mining’s $3.8-billion combined sales of one of the country’s biggest mines to Chinese companies, bringing an end to an eight-month dispute. Minister of Mines Martin Kabwelulu said by text messages that he had written... 

Congo awards payments from Glencore mine to Kabila’s friend

By: Bloomberg     15th November 2016 The Democratic Republic of Congo’s State-owned copper producer signed over millions of dollars in future payments to an offshore company owned by billionaire Dan Gertler, according to advocacy group Global Witness. Congo’s Gecamines, which holds a 25% stake in the Kamoto project of Katanga Mining... 

Congo backs billionaire Gertler after Och-Ziff allegations

By: Bloomberg     5th October 2016 The Democratic Republic of Congo (DRC) defended Israeli-billionaire Dan Gertler’s business dealings in the mineral-rich country, five days after he was linked to a bribery investigation by US authorities. “For us an attack on him is an attack on the Congo,” Barnabe Kikaya Bin Karubi, President... 

What it takes to make a conflict-free smartphone

By: Bloomberg     27th September 2016 On a moonscaped rise in eastern Democratic Republic of Congo, thousands of men and women carve a heavy, off-white mineral away from the hillside with pickaxes, then wash it with shovels in man-made streams and haul it down the hill in 110-pound sacks. They are the sort of independent miners that... 

Gecamines says Lundin withdrawal from Congo would be problematic

By: Bloomberg     23rd September 2016 Gecamines, the Democratic Republic of Congo’s State-owned miner, warned that any decision by Lundin Mining to withdraw from the Tenke Fungurume copper mine could scupper Freeport McMoRan Inc.’s proposed sale of its stake in the project. By exiting at the same time as Freeport and transferring... 

Congo slashes growth forecast after drop in copper production

By: Bloomberg     19th August 2016 The Democratic Republic of Congo cut its growth forecast for 2016 for the third time this year because of lower commodity prices and warned the economy could slow further if other industries don’t perform. The government “has duly noted the slowdown in economic growth in the DRC” in the first... 

Congo copper deal with China may draw $2bn of investment

By: Bloomberg     15th August 2016 Gecamines, the Democratic Republic of Congo’s state-owned mining company, said China Nonferrous Metal Mining Group may invest as much as $2-billion to develop its most prospective copper asset. The Congolese miner in June described the agreement, through which CNMC will finance, build and... 

Ivanhoe says Congo copper find may be Africa’s most significant

By: Bloomberg     11th August 2016 Results from drilling at a copper deposit in the Democratic Republic of Congo being explored by Ivanhoe Mines Ltd. show what may prove to be the most significant discovery of the metal in Africa, the company said. The find at Kakula, in the southern portion of Ivanhoe’s Kamoa project, is... 

Congo’s government drops VAT on imports for mining companies

By: Bloomberg     8th July 2016 Democratic Republic Congo will suspend value-added tax on imports for mining companies to ease operating conditions for struggling miners, Finance Minister Henri Yav Mulang said. In April, the government ordered the central bank to temporarily stop reimbursing VAT in order to reduce pressure on... 

Congo’s illegal gold trade seen benefiting foreign companies

By: Bloomberg     5th July 2016 Foreign companies and armed groups are profiting from an illegal trade in gold in eastern Democratic Republic of Congo despite international regulations intended to clean up the sector, Global Witness said. One Chinese company that operates gold-dredging boats in the region smuggled as much as... 

Rebels, army seen profiting from Congo gold despite controls

By: Bloomberg     21st June 2016 International regulations aimed at curbing the trade in so-called conflict minerals have failed to stop rebel groups and elements of the army in eastern Democratic Republic of Congo profiting from gold mining in the region, according to a United Nations group of experts. The lack of a functioning... 

DRC's Gecamines plans Chinese joint venture at main asset

By: Bloomberg     16th June 2016 Gecamines, the Democratic Republic of Congo’s (DRC's) State-owned miner, is in talks to give China Nonferrous Metal Mining Group a majority stake in its most prospective copper asset. CNMC will finance, build and operate a copper-processing facility at the Deziwa concession in return for a 51%... 

Exploration, mining expected to grow in importance for cement producer PPC 

By: Martin Creamer     3rd May 2016 The medium-term game plan of African cement producer PPC is to find new resources needed by its operations, which will probably require it to engage in some form of exploration and eventual mining close to where urban development is expected in Africa. Over time, the resources side of the... 

PPC planning to double every ten years  

By: Martin Creamer     29th April 2016 The target of major cement producer PPC to more than double the size of its business every ten years to retain its market share in Africa is based on the continent’s world-leading rate of urbanisation and the projection that the population of Africa will double by 2050. 

Swedish motorcycle brand launches 701 bike range in SA

By: Simon Sonnekus     19th February 2016 Swedish motorcycle manufacturer Husqvarna launched its 701 Enduro and Supermoto models at wholesaler Puzey’s Biker’s Warehouse, in Gauteng, last month. The range will spearhead the new range of Husqvarna road motorcycles. The company, which was acquired by Austrian motorcycle company KTM from... 

ICTSI’s Matadi terminal to open for business in mid-2016

     15th January 2016 International Container Terminal Services Inc.new terminal, located at Matadi on the Congo River, Democratic Republic of the Congo, is on schedule to open for business in August 2016.  The new terminal will deliver purpose-designed container handling capacity coupled with modern general cargo... 

Cement plant on stream for 2016 commissioning

     13th November 2015 Supplier of cement and related products PPC Barnet Democratic Republic of Congo’s (DRC’s) $280-million integrated cement plant at Kimpese, in Bas-Congo province, is on target for commissioning by the end of 2016. The team is moving to the next phase of construction, as the civil work was... 

Rebounding mining sector defies DRC’s political woes

By: African News Agency      23rd October 2015 The Democratic Republic of Congo (DRC) is no stranger to civil strife. For decades Africa’s second largest country (since the partitioning of Sudan) has been beset by political woes. The mining industry, on the other hand, looks to be in promising health, as evidenced by strong support given to... 

Engen expands retail network in Democratic Republic of the Congo

     15th October 2015 Engen, the African energy multinational, will add two new service stations to its retail network in the Democratic Republic of the Congo this year. Drikus Kotze, General Manager of Engen’s International Business Division, says the company has just received the go-ahead for construction on the... 

SAA, Samsung launch in-flight entertainment partnership  

By: Megan van Wyngaardt     22nd September 2015 National carrier South African Airways (SAA) and technology giant Samsung Electronics South Africa have partnered to launch new in-flight entertainment for business class passengers on its regional flights of less than four hours. The entertainment, which would be made available on Samsung HF10.1... 

Infrastructure investment spending has quadrupled – Zuma 

By: African News Agency      11th June 2015 Infrastructure investment spending in South Africa had increased and was being taken seriously as Africa was receiving a growing share of foreign direct investment, President Jacob Zuma said on Thursday. “Infrastructure investment spending has quadrupled, exports have increased and Africa is... 

‘Positive’ talks continue between Ivanhoe/DRC on sale of Kamoa stake to China

By: Henry Lazenby     9th June 2015 Project developer Ivanhoe Mines on Tuesday reported that “positive discussions” with the government of the Democratic Republic of Congo (DRC) continued after the company recently sent a high-level delegation to the country to address any “misunderstandings” that might exist between itself and the... 

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