The moves are the latest signs that Glencore and Trafigura Group, which have long dominated metals trading, are being challenged by an influx of new competition.
Known as Korali-Sud, the new project will be managed under Mali’s new mining code.
JSW Steel agreed in May to buy Minas de Revuboè, but the Mozambican government revoked the mine lease before a deal could be completed.
The flows started after the M23 movement seized the Rubaya area, which has one of the world's largest deposits of coltan.
Reuters | January 8, 2025 | 9:54 am
