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Congo State miner's high-flying chief has his wings clipped

By: Bloomberg     14th June 2019 The head of the Democratic Republic of Congo’s State mining company will no longer exercise control over the business, despite being reappointed to the post, the president’s spokesperson has said. Albert Yuma, who was named president of Gecamines’s board in 2010, retained the position in a May 29... 

Commentators differ on impacts of DRC’s revised Mining Code 

By: Simone Liedtke     12th June 2019 Ivanhoe Mines Democratic Republic of Congo operations MD Louis Watum says the country’s new Mining Code has created uncertainty regarding the regulatory framework within the country, which has negatively impacted on funding in the DRC’s mining industry. The revised Mining Code seeks to benefit... 

Vodacom petitions top Congo court to cancel withdrawal of permit

By: Bloomberg     12th June 2019 Vodacom Group’s unit in the Democratic Republic of Congo petitioned the nation’s top administrative court to reverse a government order withdrawing its second-generation (2G) license. A directive signed by Telecommunications Minister Emery Okundji in April threatens to disconnect some of Vodacom... 

KCM plans to restart smelter on June 22

By: Reuters     12th June 2019 Konkola Copper Mines (KCM), owned by Vedanta Resources, plans to restart its Nchanga smelter on June 22, the company said on Wednesday. KCM said the Nchanga smelter, near Zambia's border with the Democratic Republic of Congo, had been idle pending availability of concentrates. 

AVZ strikes strategic relationship deal with Huayou

By: Esmarie Iannucci     12th June 2019 ASX-listed AVZ Minerals has inked a strategic relationship agreement with China’s Huayou Cobalt Group to complete a definitive feasibility study on the Manono lithium and tin project, in the Democratic Republic of Congo. AVZ said on Wednesday that Huayou would also be able to provide advice and... 

Top trends energising Africa’s power sectors

By: Creamer Media Reporter      12th June 2019 An optimal energy mix for Africa relies on a variety of generation technologies. In fact, in a 2015 report McKinsey estimated that if every country in Africa had to build to meet their current electricity demand, the region would require about $490 billion of capital for new generating capacity –... 

Ivanhoe says copper is the king of ‘green metals’ 

By: Mariaan Webb     11th June 2019 Efforts to wean the world from burning fossil fuels for transportation and energy generation will drive demand for commodities for years to come, paving the way for miners of so-called green metals to play a crucial part in solving some of the planet’s biggest problems, says Canadian miner... 

Zambian government has no plans to seize First Quantum assets – sources 

By: Reuters     11th June 2019 Zambia has no plans to seize the assets of First Quantum Minerals and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters. Canadian-listed First Quantum has looked on nervously as the... 

Congo State miner says it paid $263m in tax advances

By: Bloomberg     10th June 2019 The Democratic Republic of Congo’s state-owned mining company rejected allegations that there are discrepancies in its financial statements, saying it paid $263-million in tax advances over a five-year period. Congo is the world’s biggest miner of cobalt, used in rechargeable batteries for... 

Copper anomaly identified at ABM’s Kisinka project

By: Tasneem Bulbulia     7th June 2019 Aim-listed African Battery Metals on Friday reported the identification of a copper anomaly related to the undifferentiated roan horizons passing through the length of its Kisinka copper/gold licence area in the Democratic Republic of Congo (DRC). In a statement on Friday, African Battery Metals... 

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