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Cobalt mining, China, and the fight for Congo's minerals

Cobalt mining, China, and the fight for Congo's minerals by Lima Charlie The Democratic Republic of the Congo (DRC) is attempting to increase revenue from the 270% surge in cobalt prices in the last year by raising taxes on the metal five-fold.

Illegal Mining Fuels DRC Conflict

Militia groups and government soldiers continue to profit from illegal mining in eastern Democratic Republic of Congo, DRC, despite a ban on mining that was imposed by the government last year, according to campaigners The September 11 ban on mining, which covers the provinces of North Kivu, South Kivu and Maniema, was introduced in response to the rape of more than 300 women and

Congo and cobalt critical

Dec 22, 2012Approximately 48% of the world's 2007 mined cobalt was a byproduct of nickel mining from sulfide and laterite deposits. An additional 37% was produced as a byproduct of copper operations, mainly in the Democratic Republic of the Congo (DRC) and Zambia. The remaining 15% of cobalt mining came from primary producers.

Kibali Gold Mine

The Kibali gold mine is situated 560km north-east of Kisangani in the Orientale province, Democratic Republic of Congo (DRC). Developed in an area of 1,836km on the Moto goldfields, the site is one of the largest gold mines of Africa.. The open pit and underground integrated mining at Kibali was commissioned in September 2013 and the mine has a life of 18 years.

Chinese mining companies in DRC

As a consequence of this deal, Chinese mining companies have boosted their influence within the DRC, and the Congolese authorities have an increased incentive to support the commercial interests of these companies. Chinese Mining Operations in Katanga, Democratic Republic of the Congo (2009).

Mining the DRC

Oct 01, 2014The Democratic Republic of Congo (DRC) has emerged from brutal conflict fuelled by its vast mineral wealth to become one of the world's largest producers of cobalt, copper, diamonds, tantalum and tin. In 2012 cobalt produced in the DRC reached 55% of global production, and the country still has an estimated $24 trillion of untapped minerals.

Mining Law 2019

Chairmen of the main mining companies active in the Democratic Republic of Congo (DRC) have already met with the newly elected President. In a meeting at the US Chamber of Commerce in Washington held in April 2019, the President confirmed DRC's commitment to develop the mining industry in the country with the support of foreign investment.

Chinese mining industry contributes to abuses in

Jun 19, 2013Chinese mining companies operating in the Democratic Republic of the Congo (DRC) need to do more to prevent their operations from leading to human rights abuses, Amnesty International warned today in a new report. Profits and Loss: Mining and human rights in Katanga, examines the impact of the mining industry in south-eastern DRC.

About KCS – KCS

KCS is part of the African Mining Solutions Group of companies which has expanded to incorporate numerous businesses across Southern Africa, including several wholly-owned mining and civil infrastructure operations, and select investments in mine support service companies.

Democratic Republic of Congo

Jan 06, 2020Industrial production is concentrated mainly in the Katanga, South-Kivu, Maniema and Oriental Provinces. The former Katanga province hosts some of the world's largest copper and cobalt mines, including Kamoto Copper Company (KCC) and Tenke Fungurume Mining (TFM). Gold production is both industrial and artisanal,

Democratic Republic of Congo

The DRC is the second biggest African country by area and the biggest in Sub-Saharan Africa. The Mining Industry of the DRC. Mining in the DRC plays a significant role in the global production of copper, diamonds, gold, tin, coltan, tantalum and cobalt. As in 2009 the DRC had untapped mineral deposits worth around US$24 trillion.

Another Troubling Report of Cobalt Mining in DRC

One of the largest companies at the centre of this trade is Congo Dongfang Mining International (CDM)." CDM is a owned subsidiary of China-based Zhejiang Huayou Cobalt Company Ltd (Huayou Cobalt), one of the world's largest manufacturers of cobalt products.

Mining in the Democratic Republic of Congo

Nov 26, 2014The Democratic Republic of Congo is proudly responsible for the production of copper amounting to 942 000 tons just last year. The Mining industry in the Democratic Republic of the Congo is rich in natural resources with an estimation of $24 trillion worth of untapped deposits of raw mineral ores, including the world's largest reserves of cobalt and quantities of diamonds, gold and copper.

Major Mines Projects

KCC owns the material assets, including the mining and exploitation rights related to the mining assets. KML holds a 75% stake in KCC. La Generale des Carrieres et des Mines (GCM) and La Socit Immobilire du Congo (SIMCO), which are state-owned mining companies in the DRC

Mining the Congo: Canadian mining companies in the DRC

May 26, 2007When the Congo war broke out in 1996, a number of small Canadian mining companies were active in the DRC. In 2002, eight Canadian companies were implicated in the UN report entitled "Report on the Illegal Exploitation of Natural Resources and Other Forms of Wealth in the Congo".

Why mining execs don't care if Congo hikes up its profit

Mar 29, 2018Thanks to clever accounting methods, mining companies tend to run at a loss so avoiding paying it anyway. On 9 March, just two days after a six-hour meeting with some of the world's most important mining executives, President Joseph Kabila signed into law a new mining code. Through this new legislation, the Democratic Republic of Congo (DRC) hopes to reap greater rewards from

Profits and loss: Mining and human rights in Katanga

The report concludes with recommendations to the DRC, the mining companies in Katanga, and the home States of the mining companies, including China. Methodology This report is based on field research carried out in October 2011 and April 2012 in Katanga Province and Kinshasa as

DR Congo signs new mining law despite companies

Mar 10, 2018The Democratic Republic of Congo has moved to increase taxes on mining firms and increase government royalties from the industry despite fierce opposition from international mining companies. President Joseph Kabila signed a new mining code into law on

Kabila causes miners Congo upset as DRC reforms mining

Mining matters to the Congo. The industry is the backbone of the Democratic Republic of Congo's economy, providing enormous deposits of precious minerals – including copper, cobalt and uranium, the DRC's chief source of external income. The Kamoa-Kakula project in the DRC, for example,

Indian Mining Companies in the Democratic Republic of Congo

The main mining companies in the Democratic Republic of Congo (DRC) are listed in Canada, Australia and the US. These companies are being joined steadily by Chinese state-owned operators. Although Indian mining companies have a growing presence

Another Troubling Report of Cobalt Mining in DRC

New evidence of cobalt mining in the former Katanga Province in the Southern Region of the Democratic Republic of Congo (DRC) has just been published. Titled "This is What We Die For" the report jointly published by Amnesty International and the African Resource Watch (Afrewatch) contains troubling human rights abuses in artisanal and industrial cobalt

Indian Mining Companies in the Democratic Republic of Congo

The main mining companies in the Democratic Republic of Congo (DRC) are listed in Canada, Australia and the US. These companies are being joined steadily by Chinese state-owned operators. Although Indian mining companies have a growing presence in the copper, cobalt, tin and tantalum sectors, their operations remain relatively small scale, and none can yet be considered a mining major.

CHINESE MINING OPERATIONS IN KATANGA

Sector in Africa in which some of the human rights issues that had confronted Chinese-owned mining companies and factories in Zambia and the Democratic Republic of the Congo (DRC) were discussed, including the explosion at the BGRIMM factory in Kitwe (beloonging to NFC Africa Mining) in which over 40 Zambian workers lost their lives.

List of Companies in Congo (DRC)

namoya mines sprl is a well reputable mine in congo drc, we are looking for buyers in gold, copper and diamond. address:katanga, katanga, congo (drc) business type:trading. eecb congo e. eecb congo e is a registered company based into the democratic republic of congo, equateur province. dealing with different type very good timber and woods.

Doing business in the DRC – Katanga Mining Limited

All assets and operations of Katanga Mining Limited are located in the Katanga Province of the Democratic Republic of Congo (DRC). It is a vast country with immense economic resources, including an estimated 10% of the world's copper and 50% of its cobalt. Since achieving independence from Belgium in 1960, the country

The problem with transnational corporations in the DRC's

Sep 19, 2018Through this new legislation, the Democratic Republic of Congo (DRC) hopes to reap higher benefits from its huge resource wealth. Royalties on copper and cobalt have risen to 3.5 percent, up from 2 percent, and the government's stake in new mining projects has been set at 10 percent, up from the previous 5 percent.

Ruashi Copper and Cobalt Mining

Ruashi is a copper and cobalt mine in Katanga province, located within the Democratic Republic of Congo. This mine is made up of three open pits, along with a modern solvent extraction electro-winning processing plant. Ruashi Mining started production way back in 1911.

Child labor in the mines of the Democratic Republic of Congo

Apr 06, 2016Child labor in the mines of the Democratic Republic of Congo Posted on April 6, 2016 November 1, 2017 Olivier Posted in Uncategorized The Democratic Republic of the Congo (DRC) contains vast and significant mining resources including more than 1100 minerals and precious metals.

A new mining code for the DRC

Aug 10, 2018After a lengthy reform process that was initiated in 2012, the Democratic Republic of Congo's new mining code was signed into law by President Joseph Kabila on 9 March 2018. The new code was introduced by law n 18/001 and modifies, rather than replaces, the former mining code which was introduced at the end of the country's long civil war in 2002.

Anvil Mining

Anvil Mining is a copper production company that has been operational since 2002 in the Democratic Republic of the Congo (DRC). The company headquarters are located in Montreal, Canada. Anvil Mining is a publically held company and is listed on the Australian Stock Exchange and the Toronto Stock Exchange.

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