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News | Mineral Ressources


Huge DR Congo gold mine to open, displacing 15,000

BBC News - July 22, 2010

Rangold Resources Kibali ProjectMining firm Randgold Resources says it is to begin mining Africa's largest undeveloped gold deposit - in eastern DR Congo. The mine will require the re-location of 15,000 people, but Randgold says the project has the support of the government and the local community.
U.S. passes landmark reforms on resource transparency

Global Witness - July 15, 2010

ColtanProvisions in the Financial Reform Act will require oil, gas and mining companies registered with the Securities and Exchange Commission to publicly disclose their tax and revenue payments to governments around the world. The Act will also require companies whose products contain cassiterite (tin ore), coltan, wolframite and gold to disclose to the SEC whether they are sourcing these minerals from the Democratic Republic of Congo or adjoining countries.
Tullow Oil loses Congolese permit on Lake Albert

BBC News - June 24, 2010

Lake AlbertThe Congolese government has given an oil permit claimed by Tullow Oil to a rival consortium. The oil ministry says the permit is invalid as president Kabila did not approve it. The government has given the permit to a rival consortium that includes South Africa's state oil company PetroSa.
Congo's Resources: Who Benefits?

VOA News - June 5, 2010

Gecamines - KatangaIllicit exploitation of the DRC's mineral wealth "has financed armed groups that target civilians and perpetuate widespread human rights abuses in the eastern part of the country," said the United States Under Secretary for Economic, Energy and Agricultural Affairs Robert Hormats.
Great Lakes states meet in Uganda over conflict minerals

Xinhua - May 23, 2010

Congo, Rwanda, Burundi,TanzaniaSenior government officials from the Great Lakes region on Sunday started a two-day meeting here that will discuss among others the illegal exploitation of natural resources that is fueling conflicts in the region.
Industry Representatives Discuss Conflict Minerals at the U.S. Department of State

U.S. Department of State - May 14, 2010

ColtanRepresentatives from the consumer electronics, automotive, jewelry and manufacturing industries met today with U.S. officials at the Department of State. The group discussed steps that can be taken to ensure that their supply chains do not contain conflict minerals that have fueled the ongoing conflict in the eastern Democratic Republic of the Congo (DRC).
Uganda opens refinery for Congo gold

BBC News - May 5, 2010

Congo goldThe first gold refinery in Uganda has opened in the capital, Kampala. The plant will refine gold from the Democratic Republic of Congo and other countries in the region, including Uganda which discovered gold last year.
DR Congo bans export of concentrated mineral products from Katanga

Xinhua - April 12, 2010

Lubumbashi - MinesThe government of the Democratic Republic of Congo (DR Congo) has banned exportation of concentrated mineral products from Katanga province, forcing the mining operators to build metallurgic factories to produce raw copper.
Congo Could Have Most of Debt Forgiven by June

VOA News - March 24, 2010

IMF - CongoPresident Joseph Kabila's moves to reform the economy and better spending control have the Democratic Republic of Congo on the verge of an historic deal that could see nearly $11 billion of debt slashed to just more than $2 billion.
Ex-rebels take over mineral trade extortion racket

Global Witness - March 11, 2010

Global WitnessFormer rebels from the Congrès national pour la défense du peuple (CNDP) have established mafia-style extortion rackets covering some of the most lucrative tin and tantalum mining areas in the eastern Democratic Republic of Congo (DRC), Global Witness reported today following four weeks of research in the region.







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