China’s Zijin pays off stake in Ivanhoe’s Congo copper project
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
Las Bamas acknowledges that 20% of its obligations under a resettlement agreement are outstanding, including the purchase of new lands for the community.
Increased prices for fossil fuels have shifted the conversation, potentially benefitting oil and gas projects in Africa as importers scramble to diversify supply chains away from Russia.
In addition to ESG risks linked to its extraction, cobalt is at the top of the list because only two countries are in charge of producing and refining the battery metal.
Global miners are deploying a raft of new leaching technologies that can extract low concentrations of copper from waste rock and help avoid lengthy mine permitting delays.