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Results Of Mining Exploration Company’s In Gold Mine In The Republic Of Congo
Plagued by financing difficulties, contract rows, and image problems, Democratic Republic of Congo’s languishing gold projects are failing to cash in on impressive reserves and healthy prices.
Mozambique Plans To Become Major Coal Mining Companies
Brazilian mining company Vale has launched a US$1.3bn coal mining project in Mozambique.
The new plant is expected to produce 11 million tonnes of coal a year, to be exported to Brazil, Europe, Asia and the Middle East.
Glencore Wins Control Underground Copper Mine in Congo
Glencore International AG may win a controlling stake in the biggest underground copper mine in the Democratic Republic of Congo with a $265 million loan that will keep Katanga Mining Ltd. afloat.
Katanga to seek out alternatives to CAMEC takeover
Katanga Mining Ltd said on Monday it has formed an independent committee of board members to review “all strategic alternatives” as it faces the possibility of a takeover offer from Central African Mining & Exploration Co (CAMEC).
Last week, CAMEC raised its proposal for an all-stock bid for Katanga to £943 million (US$1.9 billion).
The unsolicited proposal [...]
Katanga Explores Strategic Alternatives
Katanga Mining Limited (TSX: KAT) (”Katanga” or the “Company”) acknowledges today’s announcement by Central African Mining and Exploration Company plc (”CAMEC”) of its intention to make a revised all share offer, but notes that a formal offer has not yet been made. The Board will evaluate a formal offer from CAMEC, if and when [...]
Congo court acquits Anvil employees
A MILITARY court in Democratic Republic of Congo acquitted three former employees of Australian mining company Anvil Mining Ltd today of complicity in war crimes by government soldiers in 2004.
“All of those accused of war crimes, including the former Anvil mining agents have been acquitted. The charges of war crimes were found to have been [...]
Central African Mining & Exploration Company Plc, agreement to acquire the additional shares of extracting Katanga limited
Central African Mining & Exploration Company Plc (”CAMEC” or the “Company”), the AIM listed fully integrated exploration, mining, trading and investment company, is pleased to announce that it has entered into private agreements with select shareholders of Katanga Mining Limited (”Katanga”), pursuant to which CAMEC has agreed to acquire an additional 8,298,300 common shares of [...]
Anvil to Proceed with Detailed Evaluation of Itogon Mineral Properties in the Philippines
TSX, ASX: AVM Common shares outstanding 56.7 million All amounts are expressed in US dollars, unless otherwise stated.
Anvil Mining Limited, (”Anvil” or “the Company”) is pleased to announce that following completion of due diligence in December 2006, it has elected to proceed with a detailed evaluation of the Itogon Suyoc Resources Inc. (”Itogon”) mineral properties [...]
Security of Congo’s Uranium Worrying – Diplomats
Countries suspected of seeking nuclear arms may have exploited lax security in the Democratic Republic of Congo to get their hands on uranium from the giant central African state, diplomatic and intelligence sources say.
During World War Two when it was still a Belgian colony, Congo provided high-quality uranium for the Manhattan Project, the secret US [...]
