CMOC threatened dismissal after illegal strike
WORKERS at Tenke Fungurume Mining, CMOC Group’s flagship copper operation in the Democratic Republic of Congo, have returned to work after the company threatened dismissal for…
Congo directs first copper shipment to US market
THE Democratic Republic of Congo has dispatched its inaugural copper consignment to the US through an arrangement with Mercuria Energy Group, said Bloomberg News. The shipment…
Glencore exports first cobalt under Congo quotas
GLENCORE has completed the inaugural cobalt shipment under Democratic Republic of Congo’s new quota regime, dispatching a test consignment this week to trial the system, said…
Congo considers imposing cobalt export quotas after ban
THE Democratic Republic of Congo may introduce cobalt export quotas to curb oversupply and boost prices, said Reuters citing three sources familiar with the details. However, no…
Can the West break China’s chokehold over critical minerals?
A COALITION of 14 nations and the European Commission last month unveiled the Minerals Security Partnership (MSP), a financing network aimed at breaking China’s chokehold on…
Congo starts selling copper/cobalt from JVs for first time
THE Democratic Republic of Congo has started selling copper for the first time with a number of bids from traders being considered, said Bloomberg News. State-owned mining…
US backed Mercuria attempt to buy ERG’s Congo copper mines
FIERCE competition between the US and China for critical minerals resulted in “an unusual” US initiative in the Democratic Republic of Congo, according to the Financial Times.…
China to eclipse Glencore in cobalt stakes as readies to commission $1.8bn Kisanfu
CHINA’S CMOC Group is set to become the world’s largest cobalt producer when it commissions a new mine in the Democratic Republic of Congo later this year. Bloomberg News said in…
DRC puts mining deal with China under review as targets windfall mineral profits
THE Democratic Republic of Congo (DRC) is seeking additional investment in infrastructure from China in terms of a review it is conducting with a mining deal dating back ten…
Cobalt, copper exports from Tenke on hold until shareholders sign sales contract
COPPER and cobalt exports from the Tenke Fungurume mine in the Democratic Republic of Congo are on hold whilst a new sales contract remains outstanding. Bloomberg News said today…
Copper, cobalt exports from Congo mine at risk amid dispute over $7.5bn in unpaid royalties
GECAMINES, the Democratic Republic of Congo’s state-owned mining company, could block exports of cobalt and copper from the Tenke Fungurume mine following a dispute with its…
Withdraw troops or risk bloodbath at Tenke Fungurume, DRC army told
Amnesty International has called on the government of the Democratic Republic of Congo (DRC) to immediately withdraw its armed forces from the Tenke Fungurume mines to avert…