DRC gold worth billions being smuggled out says UN - MINING.COM
Production of artisanal gold in DRC was 333.4 kg last year but the country only exported 39.4 kg according to Mines Ministry statistics. Image: GSIF Good Shepherd International Foundation
DRC’s largest mine was just sold. And DRC got nothing.
In early May mining giant Freeport McMoRan finalized a deal with China Molybdenum Inc. CMOC to sell the company’s controlling stake in the Tenke Fungurume copper mine in Democratic Republic of Congo DRC the company’s largest copper mine in Africa. Freeport sold their 56 percent stake in the Congolese project for $2.65 billion.
Zambia’s drastic decline against DRC’s copper production
“ Zambia’s comparative performance against the DRC is certainly now a growing cause for concern since copper mine output there jumped 12.6% year-on-year in the first half of 2019 to 672 000 t compared to 597 000 t in the prior year period.
China Moly shrugs off South Africa port disruption as DRC
China Molybdenum Co is sending more copper and cobalt from the Democratic Republic of Congo DRC to ports in Tanzania Namibia and Mozambique a spokesman said on Thursday as it weathers
Copper mining in the Democratic Republic of the Congo
There are 72 economic deposits of copper/cobalt and four large mining centers. Taken together the DRC and Zambian copper belts are the second largest global reserve of copper about 1/3 the size of the Chilean reserve. The DRC copper belt includes some of the highest grade copper deposits in the world. In some reserves the grades are above 5%.
Mining Companies in the DRC Africa Mining IQ
Mining in the DRC. We’re currently tracking almost 100 mining projects in the DRC across all stages of development. Among these projects is the Kinsevere Mine lo ed 30 km north of Lubumbashi in the Kipushi Territory in the Katanga Province. Owned by MMG Limited this is one of the most important copper mines in the world with a capital
Shalina Resources - a leading and established copper/cobalt
Committed to the DRC Since we acquired our first mining rights at the Etoile Mine we have been committed to making a positive impact on the communities in the country as a whole and in particular in Katanga Province.
Kazakh miner ERG revives sale of Congo copper mine -sources
A sale however is now compli ed by the DRC parliament’s adoption in January of a new mining code to increase taxes and royalties for mining companies. coupled with lower copper prices
