Global Witness says that is has uncovered substantial evidence that the Democratic Republic of Congo army is collaborating with Rwandan armed militias to exploit gold and tin in the eastern provinces of North and South Kivu. The two groups are operating their own mines and trading with each other.
Indonesia’s refined tin exports in August dropped 16.7% to 8,231.49 tonnes from 9,883.28 tonnes in July and are down 28.5% from a year ago. The decline in tin exports may be attributed to buyers who have curtailed purchases due to adequate stock.
For upcoming tin investing trade shows, see the following links: Cambridgehouse, IIC
Avalon Ventures is looking at East Kemptville mining site to possibly open a mine for tin and rare metals.
Don Bubar, the company’s CEO and president, said:
Avalon has created a modern database of the site based on the mine’s history. As the price of tin started to go up, Bubar started to think the tin project [...]
The Congolese government has been unsuccessful in their attempts to clean up the tin sector in the eastern provinces. The hostilities threaten to boil over into war. The army and the rebel group CNDP have fought some intense battles this last week over the country’s mineral wealth.
Exports of cassiterite, the chief tin ore mined today, from the Democratic Republic of Congo will resume on Monday. Dealers in the province of North Kivu and Congolese government officials have been preoccupied with talks the past few weeks over an export tax increase that led to a seven-week strike.
Gippsland Ltd. reported that ore reserves at the Egyptian Abu Dabbab tantalum-tin project have now doubled to 30.24 million tonnes from 14.60 million tonnes, grading 255 grams per tonne of tantalum pentoxide and 0.109 percent tin. This is an estimated 107 percent increase in total ore reserves.
Executive chairman Jack Telford said:
This massive increase in the project’s ore reserves [...]
An exporters’ group said on Monday that Eastern Democratic Republic of Congo dealers of the tin ore cassiterite have not yet commenced export shipments, despite a deal with the government to end a nearly two-month strike.
John Kanyoni, president of the Association of Exporters of Minerals in North Kivu said:
There is not a single kilo that has [...]
Tuesday, September 16, 2008