China Railway to fund US$2.9 billion Congo mining project

Nigeria has lifted a ban on mining exploration in the northwestern state after a five-year suspension.

The project is 6 miles from Africa’s largest copper mining complex, the Kansanshi mine held by First Quantum Minerals.

The group said it will consider the base metals business demerger at a later stage.

With a personal investment of $225 million on the line, much is at stake for Rob McEwen with the success of McEwen Copper’s flagship Los Azules project in Argentina.