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miners at a and cobalt mine run by Glencore in southeastern Democratic Congo defied a deadline to vacate the site on Tuesday, a union official said, raising fears of a ...
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· The DRC’s industrial miners are facing a “battle on all fronts”, says says Indigo Ellis, DRC analyst at Verisk Maplecroft. Artisanal miners shifting from cobalt to will mean that industrial miners will face more incursions as the hunt for intensifies, Ellis says.
London-listed Glencore owns 75% of KCC through its subsidiary Katanga . With unemployment high in the DRC, a growing number artisanal or miners hunt for to sell, trespassing ...
· Deploying soldiers to clear tens of thousands of informal miners from concessions is a new approach by the authorities Democratic …
· Chilean deposits are massive porphyries that are amenable to low cost open cast or underground mechanisation. Copperbelt mines are uncompetitive against Chilean mines and mines DRC. Over the years all Copperbelt mines have formulated projects to extend the life of each mine. At Mufulira there was the at Depth Project, at ...
In a June 27 research note, BMO Capital Markets analyst Ed Sterck wrote that the fatal mine collapse from suspected illegal mining at the KOV open pit at the Kamoto Copper concession in the Democratic Republic of the Congo will impact Glencore International Plc GLEN:LSE and the copper market.
· The Democratic Congo DRC is expected to play a central role in the electromobility transition as a critical supplier of this ‘green metal’. production from the central African country, which currently sits at just over 1.2 Mtpa, is forecast grow to well over 1.6 Mtpa over the next five years on the back of several new ...
Militia groups and government soldiers continue to profit from in eastern Democratic Republic despite a ban on that was imposed by the government last year, according to campaigners. The September 11 ban on which covers the provinces of North Kivu, South Kivu and Maniema, was introduced in response to the rape of more than 300 women and …
· Forty-three miners died after a landslide at Glencore’s Kamoto concession outside Kolwezi in Lualaba Province on 27 June. The disaster highlights the security and reputational risks of and cobalt in the Democratic Congo DRC.
· As well as gold, the Democratic Congo also has huge reserves of cobalt, and coltan. The World Bank estimates that 10 million people -- 12.5 percent of the 80 million population -- DRC "derive their livelihoods from artisanal and small-scale ".
The DRC has significant deposits of minerals and metals, including gold, tantalum, tungsten, coltan and cobalt. For more than a decade the extraction of these resources has been linked to conflict, human rights abuses and corruption. Much of the mining in the DRC is done by artisanal miners, who work using hand-held tools.