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Congo delays ban on copper and cobalt ore exports

Democratic Republic of Congo has again delayed a ban on exports of copper and cobalt concentrate because it lacks enough electricity to process the minerals domestically, the mines ministry and chamber of mines said on Tuesday. Congo, which leads Africa in copper output and the world in cobalt production, first …

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THE FIRST MP2500 CONE CRUSHER TO BE IN ZAMBIA EARLY 2015

In order to respond to the mining industry’s efficiency challenge Metso has introduced the world’s largest cone crusher, MP2500. As ore grades decline, more and more ore needs to be processed to obtain the same amount of the valuable mineral and to meet production targets. This equation often results in …

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Kenmare secures $100M through capital raising to deleverage balance sheet

Mozambique mineral sands miner Kenmare will pursue a capital raising and debt restructuring to materially deleverage its balance sheet with US$100 million already secured. Subject to agreement with lenders, the plan is expected to result in gross outstanding debt being substantially reduced. The capital raising is expected to be conducted …

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Mine dewatering to cost $100m

CHINA Non-Ferrous Metal Company (CNMC) will spend about US$100 million to dewater shaft 28 at the Luanshya Copper Mines (LCM). Shaft 28, which got flooded in February 2008, holds an estimated 70 million cubic litres of water and will take about three years to drain. Chief executive officer Luo Xingeng …

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