Kinros Gold Miner Reels From ‘Resource Nationalism’ in Ghana and Mauritania

    Kinros Gold Miner Reels From ‘Resource Nationalism’ in Ghana and Mauritania  Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code review…

Glencore’s Penchant for Murky Business Could Unravel in DR-Congo

  Glencore’s Congo Mining Conundrum Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. US sanctions on Glencore‘s former Israeli partner in Congo have been a trigger for litigation. At the same time, relations with the Congolese authorities are under strain from a dispute…

Cobalt, Critical to EVs and Renewable Energy Tech, Now ‘Strategic Mineral’ in DRC

Cobalt, Critical to EVs and Renewable Energy Tech, Now ‘Strategic Mineral’ in DRC Democratic Republic of Congo will declare cobalt and coltan, used in electric vehicle and renewable energy technology, as “strategic” minerals which will earn the country higher royalties, an adviser to the Prime Minister said on Wednesday. A new mining code was signed into law on Friday…

Ghana’s Biggest Mine Union Threatens Strikes Over Gold Fields Plc Jobs Cuts

  Ghana’s Biggest Mine Union Threatens Strikes Over Gold Fields Plc Jobs Cuts  Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation. Gold Fields…

BREAKING!!! Congo’s New Mining Code Becomes Law as Kabila Shows His Balls to Mining Companies

BREAKING!!! Congo’s New Mining Code Becomes Law as Kabila Shows His Balls to Mining Companies  Reuters reports that Democratic Republic of Congo President Joseph Kabila has just signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies that operate in…

Rwanda Targets $2bn Investments for 50 Mining Licenses in 2018

 Rwanda will issue 50 new licences to mine metals including gold, tin and tantalum this year that may help boost investment in the East African nation by a fifth, the Rwanda Development Board said. The state-run board expects to attract $2-billion of investment in 2018, compared with $1.67-billion last year, CEO Clare Akamanzi said in an interview in the capital, Kigali. It’s…

Electric Vehicle Revolution Fueling Child Labor in Cobalt Mines in the Congo

Another case of “blood minerals” has been brewing in the Democratic Republic of the Congo, and indeed several African countries. It’s fueled by the hunt for cobalt to meet the growing appetite for electric cars around the world. The appetite for electric cars is driving a boom in small-scale cobalt production in the Democratic Republic of Congo,…

Electric Cars and Niche Metals Reviving Enthusiasm and Luring Cash Back to African Mines

Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron-ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche metals – from lithium and cobalt to praseodymium and neodymium – into the hot new drawcards of African mining.…

DR-Congo Wants Mores Taxes as Apple and Tesla Hunt for Cobalt for a “Clean Future”

    Our increasing reliance on rechargeable batteries is making the Democratic Republic of Congo reconsider how it values cobalt. Once a forgotten byproduct, the price of cobalt has tripled in the last two years and the world’s largest producer plans to profit off the demand.     Lawmakers in the capital Kinshasa are currently considering…