Congo allows Zijin mine to resume operations, ministry letter says

Kodal is in competition with Leo Lithium to develop Mali’s first lithium mine.

Authorities said seven people died in the incident, which occurred on Monday night.

Perseus and Silvercorp vied for months to acquire the Africa-focused gold explorer, which owns the Nyanzaga gold project in Tanzania.

The project is currently being developed as an earn-in joint venture signed with Newmont in July 2022.

A new PEA gave the project a post-tax net present value of $257 million and an internal rate of return of 22.3%.

Futures are up about 50% this month alone and have more than doubled already this year.

The decline was partly due to unrealized fair value losses of $28 million from the company's stake in Sedibelo Resources.

The DRC overtook Peru as the world's second largest copper producer in 2023.

Shandong Gold and Zijin Mining are among companies showing early interest.