Thor acquires Barrick’s majority interest in Central Houndé project

Gold production declined 15.1% from a year earlier.

Copper prices on the international market have been recovering but Mowana mine, which employs 411 workers, has failed to capitalise on the gains due to equipment breakdowns.

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

The DRC has a stranglehold on crucial battery material cobalt, but central African nation also has potential to become major lithium player.

The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.

According to Forjando Futuros foundation, the forced displacement was ordered by the companies but executed by either the National Army or the guerrilla.

The violations were the result of the South African miner failing to meet its regulatory obligations in relation to its undertaking to pay an exclusivity fee to the sellers of Vametco.

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years

President Emmerson Mnangagwa is making moves to end the country’s international isolation and attract foreign investment to boost an economy in tatters, including allowing new private investment in the diamond fields.