Category: Minerals
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Liberia: Dweh Community Residents Decry Mercury, Cyanide Pollution, Fear Water and Agriculture Threats
MAT HOUSE TOWN, GRAND BASSA COUNTY – Tension is mounting in Mat House Town, Grand Bassa County, as residents fiercely oppose the presence of a Chinese mining company, Hongtu Mining Company Limited (PL10040024). The company is accused of illegal mining activities, insecurity, and severe environmental degradation. Hongtu Mining Company Limited, which holds a prospecting license,…
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🇨🇩Congo suspends cobalt exports for four months amid glut
The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market. Cobalt production in Congo – which produces about three-quarters of the material used in electric-vehicle batteries – has soared in recent years, as China’s CMOC Group Ltd. ramped up output…
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Allegations of $75,000 Misappropriation: Rustonlyn Suacoco Dennis Under Investigation at NOCAL
In recent developments, Rustonlyn Suacoco Dennis, the President and Chief Executive Officer of the National Oil Company of Liberia (NOCAL), has been implicated in allegations concerning the misappropriation of $75,000 USD from the company. These allegations have raised significant concerns about financial management and accountability within Liberia’s state-owned enterprises. Background on NOCAL Established by an…
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Why is there so much gold in west Africa?
Gold in the region: Gold in west Africa: Origins, reserves, and modern exploration techniques. Militaries that have taken power in Africa’s Sahel region – notably Mali, Burkina Faso and Niger – have put pressure on western mining firms for a fairer distribution of revenue from the lucrative mining sector. Gold is one of the resources…
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Gov’t to Reclaim Putu Mountain from Russian Investors
The government of Liberia, through the Executive Branch, has announced that the Liberian government has initiated process of terminating the Mineral development Agreement (MDA) signed between the government of Liberia and Severstal, a Russian-affiliated company, to reclaim ownership of the Putu mountain in Grand Gedeh, which is valued at about US$12 billion. Putu Mountain comprises…
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US declares interest in developing African mining sector
CAPE TOWN, SOUTH AFRICA — The administration of U.S. President Donald Trump is interested in developing the mining sector in Africa. On the first day of his second term, Trump signed an executive order focusing on minerals, mineral extraction, and mineral processing. “Mainly in the United States but if you read closely there are also…
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🇿🇦 ArcelorMittal shutdown: worry about socio-economic catastrophe
There are concerns that ArcelorMittal’s decision to shut down its long steel business will lead to a socio-economic catastrophe. While government is said to have done nothing about the reasons for the shutdown, the department of trade, industry and competition says it still wants to prevent the shutdown. ArcelorMittal South Africa (AMSA) made a final…
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🇲🇱 Mali seizes 3 tons of gold from Canadian company
Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press. The letter from CEO Mark Bristow to the Malian Mining Minister, dated Monday,…
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🇱🇷 Liberia: Gov’t Announces Revised Fee Structure for Mining Licenses, Permits
The regulation also prescribes royalty rates for various minerals, such as 3% for gold and diamonds, 5% for iron ore, and 8% for strategic minerals. Application fees for licenses range from $50USD to $150USD, depending on the type of application. According to a joint statement from the Ministries of Mines & Energy and Finance and…
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Mineral wars: global conflicts fueled by West’s search for rare resources – Part 1 & Part 2
The coming years are shaping up to exacerbate the global geoeconomics and military competition for the world’s mineral resources, with President Trump openly eyeing 12 million sq km of territory containing untold riches. Here are the conflicts, present and future, to watch out for👇 ➡️ Ukraine 🌏 The US “cannot afford” to let Moscow achieve…
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