Glencore joins US critical minerals reserve in $500m EXIM deal
THE US government has selected Glencore to help it build a strategic reserve of critical minerals in a development that deepens the Swiss miner’s relationship with Washington.…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Metals of war: why US Govt has weaponised mining
Eighteen mining companies went public in the past 12 months with one aim in common: an ambition to supply the US government’s defence industry. Assisted by US President Donald…
Barrick’s $1.95bn Newmont deal clears path to IPO
BARRICK Mining has cleared a significant hurdle ahead of its proposed North American IPO after reaching an agreement today with rival Newmont to expand their Nevada Gold Mines…
Zambia pushes pan-African minerals exchange
ZAMBIAN President Hakainde Hichilema is championing plans for a pan-African minerals and metals exchange, aimed at helping resource-rich nations capture more value from their…
Ebola curbs strain US-Congo minerals pact
US travel restrictions imposed over Congo’s Ebola outbreak are complicating a fledgling economic partnership between the two nations, said Bloomberg News, citing Congo’s foreign…
DRC plans 20,000-strong private mining guard force
THE Democratic Republic of Congo is negotiating with an unnamed private company to train more than 20,000 armed guards to protect its mines, in a bid to improve the industry’s…
Exxaro in advanced talks on copper diversification
EXXARO Resources is in advanced discussions regarding a potential copper investment which it hopes to advance in the next 12 months, the group’s head of business development said…
Lobito rail resumes copper runs from Congo
LOBITO Atlantic Railway has received its first copper shipment from the Democratic Republic of Congo since restoring a flood-damaged section of track, resuming traffic on a…
Ebola in Congo prompts global health emergency
THE World Health Organisation has declared a public health emergency of international concern after an Ebola outbreak in eastern Democratic Republic of Congo spread to…
DRC floats plan to create $100m armed guard for mine sites
THE Democratic Republic of Congo is establishing a dedicated armed security force to protect mine sites and supply chains, as the country deepens its minerals partnership with…
Why Alphamin has been shooting the lights out
ALPHAMIN has a tiny fraction of JSE owners, but the tin miner is about to post a record quarter’s earnings – about $158m – thanks to this year’s jump in tin prices, and is set to…
DRC to build strategic reserve of key minerals
THE Democratic Republic of Congo will establish a strategic reserve of cobalt, coltan and germanium, giving the central African country greater control over markets for some of…
Alphamin says tin price sustainable as stars align
ALPHAMIN has a tiny fraction of JSE owners, but the DRC-based tin miner is about to post a record quarter’s earnings — about $158m — thanks to this year’s jump in tin prices and…
Transnet reform critical if SA wants role in SADC metals flow
THE century-old Benguela railway is back in business. Running from the copper belt of the Democratic Republic of Congo (DRC) through Zambia to Angola’s deep-water port of Lobito,…
Uncertainty clouds Jubilee’s copper ambitions
ZAMBIAN copper producer Jubilee Metals has spent the past two years pitching itself as an emerging copper miner rather than just a processor of third-party material. Its latest…
Tin surge helps Alphamin to record earnings but fuel hike looms
A BUOYANT tin price helped Congo miner Alphamin to record earnings in the March quarter in which it also generated $128m in cash. Shares in the Toronto- and Johannesburg-listed…
Zambia copper rail link to cost up to $5bn
A RAILWAY linking Zambia’s copper belt to the Angolan port of Lobito will cost between $3bn and $5bn including rolling stock, said Bloomberg News in an article on Wednesday.…
KoBold starts development of Zambia copper project
KOBOLD Metals, the mining company backed by US billionaires Jeff Bezos and Bill Gates, has begun development of its Mingomba copper project in Zambia, targeting production in the…
Congo gold trader targets new artisanal haul
THE Democratic Republic of Congo’s state-owned gold trading company is targeting sales of 15 tons this year from the country’s artisanal mining sector, with the central bank…