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    Democratic Republic of Congo's state miner Gecamines expects to increase copper production by over 40% this year as new machinery comes online, the company said on Friday. Gecamines plans to produce 24 000 tonnes of copper this year and 50 000 tonnes next year, interim director-general Jacques Kamenga told Reuters. This is up from about 17 000 tonnes in 2015, according to central bank figures.
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    Gecamines, the Democratic Republic of Congo’s (DRC's) State-owned miner, is in talks to give China Nonferrous Metal Mining Group a majority stake in its most prospective copper asset. CNMC will finance, build and operate a copper-processing facility at the Deziwa concession in return for a 51% stake in the project, Jean Dominique Takis, head of strategy, said in an interview Tuesday in the capital, Kinshasa.
  • Congo State miner signs MoU with Chinese firm to raise copper output 2016-01-25
    A Chinese mining company has signed an agreement with the Democratic Republic of Congo state mining company Gecamines to build two factories, hoping to boost dwindling copper production by around seven times, Gecamines said Monday. Gecamines and the China Nonferrous Metal Mining Company (CNMC) signed a non-binding memorandum of understanding on Jan. 13, Gecamines' interim director-general Jacques Kamenga told Reuters.
  • China's CNMC says followed the law in closing Zambian copper mine 2015-09-14
    China's CNMC Luanshya Copper Mines followed Zambian law when it closed the Baluba mine and sent more than 1 600 workers on forced leave due to plunging prices and energy shortages, the company said on Monday. Zambia had threatened to revoke Luanshya's mining licence if the company did not reinstate workers.

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  • Mongolia settles Khan licence dispute 2016-03-07

    Mongolia has settled a dispute over an arbitration award in 2015 that required it to pay more than $100 million to Canadian company Khan Resources for revoking a uranium mining licence. The announcement came on the eve of a new Mongolian push to attract exploration interest.

  • Prophecy Reports Progress on Chandgana Mine Mouth Power Plant Project in Mongolia 2015-03-16

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 16, 2015) - Prophecy Development Corp. ("Prophecy") (TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce the following update on its flagship Chandgana Mine Mouth Power Plant Project in central Mongolia.

  • Pure Energy Completes Successful Drilling and Initiates Lithium Brine Pump Testing Program at Clayton Valley, Nevada 2015-03-16

    Mr Robert Mintak Reports Pure Energy Completes successful drilling and initiates Lithium Brine Pump testing program at Clayton Valley, Nevada

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