· D.R. Congo. An $800 million deal for one of Democratic Republic of Congo’s DRC flagship risks leaving the country short-changed, Global Witness reveals today. In violation of DRC’s law, key details of the mega deal signed between DRC’s state-owned miner, Gécamines, and the Nonferrous Group CNMC remain unpublished.
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China to reassess domestic base metals mines. Oct 05, 2020 | 11:19 AM | Hong Kong | Julian Luk Tags concentrates, TC/ RC, treatment charges, refining charges, Zijin, trade war, China smelter, base metals After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all industries deemed ...
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Pressure from foreign governments will also be intense. For President Xi Jinping, the export of Congolese has been a cornerstone of his presidency. Just weeks after assuming office in March 2013, he conducted a state visit to the DRC, as China already had a substantial in the DRC’s mining operations. In 2007, a deal was ...
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· Increased Interest in Assets. First Quantum ... the Canadian miner, bringing its in the company to 74.64 million shares, or …
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· Azure ASX: AZS has confirmed the third diamond drill hole at its 60%-owned Andover nickel project in Western Australia’s West Pilbara region has intersected new nickel- sulphide mineralisation, following on from similar strong results in the first two holes of the campaign. The company identified three shallow intervals in the form of massive, semi-massive, matrix, blebby ...
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NEW YORK Reuters - U.S. commodity trader Gerald Group said on Monday it will sell stake subsidiary explorer producer to boost its balance sheet, latest sign...
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· Via its Kanshansi and Sentinel mining operations, First Quantum FQM is the largest producer of copper in Zambia, a domain where Chinese companies are keen to …
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An Afghan government spokesman dismissed the Taliban’s invitation to develop Mes Aynak, which in 2008 was signed over to Metallurgical Group Corporation, a state-owned enterprise.
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Zijin Mining to Boost in Ivanhoe Mines for C$194 Million Sasha Dhesi - October 8th, 2019 The company’s plan comes after news of the Kamoa-Kaula project’s new management team, of ...
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The company also intends to invest $1.26 billion to improve the production operations of RTB Bor, open new mines and increase efficiency. Serbia will become the third largest producer in Europe and the share of mining industry in Serbias GDP will grow to 5% from 1%, according to Antic.
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· MMG Resources, also majority owned by the government, has been in possession of Nunavut’s Izok and High Lake zinc, lead and deposits for several years, but the costs remain too high to bring the metals to market.
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· It’s time for the United States to embark on a new policy. There is cause for optimism, though. The U.S. possesses an estimated $6.2 trillion in domestic reserves.
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· State-owned Chinese miner Co. announced it had amassed a 10.8-per-cent stake in Vancouver-based – its Kansanshi site in …
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