Glencore confirms 19 artisanal miners dead in DRC
Glencore (LON: GLEN) says 19 illegal artisanal miners have died, “with possible further unconfirmed fatalities,” when two galleries caved in at Kamoto Copper Co.’s KOV open-pit copper mine in the…
Katanga Mining Limited
Katanga Q4 loss on suspended cobalt sales, higher costs
Katanga Mining (TSX: KAT; US-OTC: KATFF) lost $116 million in 2018’s fourth quarter to end the year with $13.4 million in gross profit, a result of temporary cobalt sale suspensions,…
OSC slaps Katanga Mining, CEO, and former board members with $34.4M in penalties
The Ontario Securities Commission has fined Katanga Mining (TSX: KAT) along with former members of its board of directors, including Aristotelis Mistakidis, Glencore‘s (LON: GLEN)’s head of copper trading, for…
Kamoto Copper resumes exports after DRC lifts freeze order
Katanga Mining’s (TSX: KAT; US-OTC: KATFF) 75%-owned subsidiary, Kamoto Copper, has resumed importing and exporting materials, including production to and from the Democratic Republic of the Congo, after the government…
Editorial: New DRC mining code comes into force
After months of outcry from foreign mining companies active in the Democratic Republic of the Congo (DRC), the new DRC mining code proposed in March was signed into law with…
TSX dips slightly, Dec. 11-15
The U.S. Federal Reserve raised interest rates 0.25% — its third rate increase this year. The central bank said it expects three more interest rate increases in 2018. Spot gold…
Glencore optimistic on industrials, electric vehicles
VANCOUVER — Commodity giant Glencore (LON: GLEN) has been the proverbial elephant in the room during the current zinc rally, with the market pondering a scenario involving up to 500,000…
TNM Data Miner: Largest global cobalt reserves in 2016
Using the IntelligenceMine database of our sister company Infomine, The Northern Miner compiled a list of the world’s five largest cobalt deposits in 2016, based on reserves. 1. Mutanda, DRC…
Forbes & Manhattan backs African Gold Group
As part of a private placement in March, Forbes & Manhattan Resources Inc., along with several other investors, including company insiders, took a 17% stake in a junior exploration company…
Editorial: Southwestern Heads South With Rest of Market
Miners and their investors endured another period of pain in the week ended Sept. 1, the 35th trading week of 2007, as the mining sector gasped its way through its third straight week of market-cap co…