{An armed attack on the Twanziga gold mine in eastern Democratic Republic of Congo (DRC) Tuesday has resulted in four casualties.} Among the dead are three policemen that were guarding the mine and one of the robbers, according to a statement on Banro Corp's (TSX:BAA) website. The incident occurred early Tuesday morning and involved an […]

{Rainbow Rare Earths (LON:RBW) had a spectacular debut on the London Stock Exchange Monday as the newcomer raised 8 million pounds ($10 million) to dust off and restart the Gakara mine in Burundi.} The company, which only project is the former mine in the landlocked east African country, expects to begin sales to Germany's Thyssenkrupp […]

{The Democratic Republic of Congo has dropped its opposition to the sale of the Tenke Fungurume mine by Freeport-McMoRan (NYSE:FCX) and Lundin Mining’s (TSX:LUN) to Chinese investors for $3.8 billion.} State-owned Gecamines which owns 20% of the copper mine, strongly opposed the deal and in October opened an arbitration case in Paris. Gecamines was particularly […]

{In May Freeport-McMoRan Copper & Gold (NYSE:FCX) announced the sale of its Tenke Fungurume copper mine in the Democratic Republic of the Congo to China Molybdenum (CMOC) for up to $2.65 billion, a crucial part of the Phoenix-based company's debt reduction program.} Central to the deal is a right of first offer owned by Toronto's […]

{Activists in the Democratic Republic of Congo are pressing the government to revive plans for a new mining code, claiming the country, which is Africa’s top copper producer and the world’s largest source of cobalt, needs the higher revenues a revised legislation would generate.} Congo began reviewing the 2002 mining code in 2012 and last […]