Chinese Company Removed as Operator of Cobalt Mine in Congo
Feb. 28, 2022. A court in the Democratic Republic of Congo has sidelined the Chinese owner of one of the world's largest copper and cobalt mines, a major victory for the Congolese government as ...
Hunt for the 'Blood Diamond of Batteries
Hunt for the 'Blood Diamond of Batteries' Impedes Green Energy Push. Dangerous mining conditions plague Congo, home to the world's largest supply of cobalt, a key ingredient in electric cars ...
'Cobalt Red' describes the 'horror show' of mining …
In his new book, Cobalt Red, Kara writes that much of the DRC's cobalt is being extracted by so-called "artisanal" miners — …
Congo Ousts Mining Leader in a Cloud of Corruption Claims
A version of this article appears in print on, Section A, Page 13 of the New York edition with the headline: Congo Ousts Top Leader Of State Mining Company. Order Reprints | Today's Paper ...
As cobalt demand booms, companies must do more to …
The mineral extraction industry is the backbone of the Congolese economy. Copper and cobalt, which is a by-product of copper, accounts for 85% of the country's exports. Because of the huge ...
Congo communities forcibly uprooted to make way for …
ABUJA, Nigeria (AP) — The mining of minerals critical to electric vehicle batteries and other green technologies in Congo has led to human rights abuses, including forced evictions and physical assault, according to a new report from Amnesty International and another rights group.. Congo is by far the world's largest producer of cobalt, a …
DRC's green and automated Kibali gold operation highlighted as mining
The mine's new Cahier des Charges scheme has also launched 11 projects, with seven nearing completion. Kibali funding of these over the last five years has amounted to $8.9-million.
Democratic Republic of Congo Overview: Development …
Economic Situation. After peaking at 8.9% in 2022, real GDP growth in the DRC remained robust at 7.8% in 2023, supported by a strong mining sector, which grew by 15.4% contributing around 70% to overall growth in 2023. Agriculture production slowed to 2.2% growth in 2023 (from 2.4 % in 2022). On the demand side, growth was led by …
Understanding DRC's new mining law power …
The Democratic Republic of Congo adopted a new Mining Code, but industry and government are at loggerheads over taxation. Last month, the Democratic Republic of Congo (DRC) enacted a law to …
Industrial and artisanal miners in the Congo need a new …
In June 2019, a landslide killed 43 artisanal miners who had encroached on the Kamoto mine, majority held by the Switzerland-based mining and commodity giant Glencore. A week after the incident ...
Africa's Largest Gold Mine Now Also One of Its …
Kinshasa, Democratic Republic of Congo – Kibali, the largest gold mine in Africa, is now also one of the greenest mines on the African continent, Barrick president …
Democratic Republic of the Congo
Democratic Republic of the Congo - Mining and Minerals. Last published date: . Overview. The DRC has substantial untapped gold, cobalt, and high …
Despite reforms, mining for EV metals in Congo exacts …
of Congo. Australia. 130M. metric tons. 10K. EVs are widely considered crucial to addressing climate change. Their adoption is spreading at a breakneck pace, fueling soaring demand for minerals ...
What coltan mining in the DRC costs people and the …
The Democratic Republic of Congo (DRC) is rich in natural resources – its untapped deposits of minerals are estimated to be worth US$24 trillion. Gold, diamonds, cobalt and zinc are among them.
Cobalt powers our lives. What is it—and why is it so …
It's also toxic and mined in Congo—where thousands of workers toil in "subhuman" conditions. By Kara Norton. December 21, 2023. Cobalt is essential for powering our modern technology. The ...
What's happening in eastern Congo and why aid groups are …
FILE - Ex-militia fighters work in a make-shift mine digging for gold at the town of Ika Barrier, Democratic Republic of Congo, April 22, 2006. Eastern Congo has been beset by conflict for years, with M23 one of more than 100 armed groups vying for a foothold in the mineral-rich area near the border with Rwanda. (AP Photo/Anjan Sundaram)
Why it's hard for Congo's coltan miners to abide …
Tantalum, a metal used in smartphone and laptop batteries, is extracted from coltan ore. In 2019 40% of the world's coltan was produced in the Democratic Republic of Congo, according to official ...
All the copper from giant new Congo mine destined for China
Congo, the world's cobalt producer and Africa's biggest copper miner, reinstated a ban on exports of concentrates last month to encourage miners to process and refine the ore locally.
What's happening in eastern Congo and why aid groups are …
Updated 8:39 AM PDT, February 19, 2024. CAPE TOWN, South Africa (AP) — Aid organizations fear a new humanitarian crisis in the restive eastern Congo region, …
The Democratic Republic of Congo's Revised Mining Code
The Revised Code includes a new requirement for 10 per cent of the shares in a mining company to be held by Congolese citizens. 22 However, it is not clear whether the requirement applies only upon the issuance of a new mining licence (as is the case for State participation) or to existing titleholders as well. Domestic Processing and …
How Congo faced down some of the world's biggest mining firms
March 15, 201810:43 AM PDTUpdated 6 years ago. DAKAR (Reuters) - In an ornate room in Democratic Republic of Congo's presidential palace last week, some of global mining's most powerful men faced ...
China marks cobalt, copper ascendancy in Congo with new …
The 35-member union includes China Molybdenum Co.-controlled Tenke Fungurume Mining and MMG Ltd., as well as subsidiaries of China Nonferrous Metal Mining Group and Huayou Cobalt Co. Sicomines ...
Feature: Democratic Republic of Congo in focus
Congo's new mining law raised royalties on minerals across the board and removed a clause that protected miners from changes to the fiscal and customs regime for 10 years.
Congo miners step towards sustainable gold …
The Republic of the Congo moves to reduce mercury pollution from its artisanal and small-scale gold mining sector. $10.5-million initiative will promote technical solutions, access …
Child and Forced Labor in Artisanal Cobalt Mining in the Congo: New …
Through our new GoodStone™ initiative, GoodWeave International and front-line partners in the DRC plan to pilot a project to address child and forced labor in artisanal cobalt mining. This work will include assessing the feasibility of a standard, similar to the GoodWeave Standard, to ensure international human rights and sustainability …
Subsidiary of Congo's Gecamines secures $75 mln to build new …
A subsidiary of the Democratic Republic of Congo's state mining company Gecamines said on Tuesday it had secured $75 million in funding to build a new hydro-metallurgical unit to produce materials ...
EXCLUSIVE Congo in talks with China's Huayou to end dispute
Item 1 of 3 Artisanal miners work at Tilwizembe, a former industrial copper-cobalt mine, outside of Kolwezi, capital city of Lualaba Province in the south of the Democratic Republic of the Congo ...
Oil, gas, mining… deforestation accelerates in the Congo Basin
According to figures from the American University of Maryland published on Global Forest Watch, the Congo Basin lost more than 600,000 hectares of primary forest in 2020, a 9% increase on 2019. If mining, oil and gas exploitation continues, as seems likely, this rich biodiversity could be eroded, exposing the planet to gradual warming.
Global Witness comments on Congo mining law …
D.R. Congo. Global Witness warns today that potential ad hoc application of the new mining law in Democratic Republic of Congo, plus weaknesses in its transparency and conflict of interest measures, …
Update on the Mining Code of The Democratic Republic …
One of the major changes3 brought by the New Mining Code is the increase of mining royalties payable by the mining companies. The New Mining Code raises royalties on minerals: non ferrous royalties are raised from 2% to 3.5% and precious metals from 2.5% to 3.5%, both calculated on the gross market value of the products. It also creates a