Base Metals

Tshisekedi election success introduces fresh period of uncertainty for DRC miners

THE disputed election of Felix Tshisekedi as president of the Democratic Republic of Congo (DRC) introduces a fresh period of uncertainty for mining firms operating...

Fayulu decries “incomprehensible” DRC election result as Tshisekedi emerges victorious

MARTIN Fayulu, runner up in the Democratic Republic of Congo's (DRC's) presidential elections, the result of which was unveiled earlier today, denounced the outcome...

Gemfields says it complied with Zambia’s request for royalty hike impact...

GEMFIELDS, a Johannesburg-listed company that operates in Zambia, said it had submitted evidence of how fiscal changes in the southern African country would affect...

Vedanta shuts Nchanga smelter at KCM as Zambia’s import duty starts...

VEDANTA has shut the Nchanga smelter at its Konkola Copper Mines (KCM) after the introduction of an import duty on copper concentrates, said Reuters citing an...

Miners failed to demonstrate how tax hike will affect profitability, says...

MINING companies operating in Zambia had failed to demonstrate how higher taxes implemented this year by the country's government would affect their profitability, said...

Erik Prince to raise $500m fund to build mines supplying electric...

ERIK Prince, who founded the private security company Blackwater, is launching a fund to invest in metals used in electric vehicle batteries, said Reuters...

DRC cuts internet for second day fearing chaos following national elections

DEMOCRATIC Republic of Congo's (DRC's) government cut internet connections and SMS services across the country for a second straight day on Tuesday as the...

First Quantum to lay off 2,500 staff at Zambia mines after...

FIRST Quantum Minerals is to retrench 2,500 staff at its Zambian facilities in the first quarter of 2019 following the southern African country's plans...

Glencore cleans house at Katanga after C$30m fine

Glencore - which owns 65% of copper producer Katanga Mining -  is "disappointed by the conduct" at Katanga which led to the settlement announced...

Vedanta Resources goes high-tech at Gamsberg Zinc

Vedanta Resources has gone high-tech at its new  Gamsberg zinc mine in the Northern Cape as it aims to bring into production what it...