Alphamin Resources Corp. could soon resume operations at one of the world’s biggest tin mines located in the Democratic Republic of the Congo after Rwanda-backed rebels withdrew from the area, a top US official said.
Aim-listed Shuka Minerals has received all but one of the regulatory approvals required to complete the acquisition of Leopard Exploration and Mining, and thereby the Kabwe zinc mine, in Zambia.
Mercuria Energy Group Ltd. and Glencore Plc renewed a deal to buy copper from the Democratic Republic of Congo’s state miner, responding to a push by the company to sell its share of output from joint ventures independently.
Kazakhstan-backed Eurasian Resources Group plans to review some of its mining permits in the Democratic Republic of Congo and is considering selling assets in Mozambique as part of a revamp, the chief executive officer of its Africa unit said.
Lead and zinc may be geological sister metals but their market fortunes have been very different in recent months.
Korea Zinc Co. shares dropped on Tuesday after a Seoul court accepted an injunction filed by MBK Partners Ltd., which improves the chances of the private equity consortium to gain control of the company.
American Pacific Mining has updated the mineral resource estimate (MRE) for its 100%-owned Palmer volcanogenic massive sulphide project located in southeast Alaska, showing a sizeable increase in contained copper over the previous estimate from June 2019.
The Democratic Republic of Congo, the world’s top cobalt supplier, is courting new mining investors from Saudi Arabia to help it diversify and curb overreliance on companies from China, Marcellin Paluku, a senior government official, told Reuters.
Korea Zinc chairman Yun B. Choi said on Thursday that it is in preliminary talks with some US entities to supply antimony, after China’s export ban to the US disrupted the market for the mineral used in semiconductors.
Zinc could see more sharp price swings as growing tightness along the metal’s supply chain leaves buyers exposed to sudden changes in availability.