Congo Releases New Plan to Cease Conflict Mineral Trade
Reuters reported the Democratic Republic of Congo is implementing a new plan to control the trade of tin ore and other conflict minerals.
Reuters reported the Democratic Republic of Congo is implementing a new plan to control the trade of tin ore and other conflict minerals.
Alphamin Resources Corp. (TSXV:AFM) announced it will begin diamond drilling in the second quarter of 2012 at its Bisie tin project in the Democratic Republic of Congo.
Shopfloor reports on the impact Dodd-Frank is having on the economy and workers of the DRC.
Supply of tin for 2011 may have a 15,000 tonne deficit, driving prices higher still. China recently capped production of tin and other base metals; and Indonesia, the largest exporter of tin, has capped production at 100,000 tonnes and cracked down on illegal mining.
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.
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.
Get our independent commentary on tin trends and companies delivered to your inbox.