Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.
Randgold Resources has expanded its operations in Congo following the success of the Kibali gold mine, which will lead to the miner exceeding its full year production guidance for the mine in 2015.
Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.
Codelco chairman, Oscar Landerretche, wants the government to scrap the country’s Copper Law, which forces the firm to give 10% of its annual export revenue to the Armed Forces.
The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.
It said the move reduces its administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to Endeavour’s TSX listing.
Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.
Prices fell Thursday for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines dropped by 0.46%, or 20 cents, to $42.91 a tonne.