Katanga Mining Limited reports the signing of a Memorandum of Understanding (MoU) with its joint venture (JV) partner Gecamines that will be the basis for amending the Kamoto Copper Company (KCC) Joint Venture Agreement to incorporate provisions of the February 7, 2008 Agreement releasing the Dikuluwe and Mashamba West Deposits; merging the DRC Copper and [...]

INTERNATIONAL BARYTEX RESOURCES LTD. advises that in regard to the contract review process the Democratic Republic of Congo (”DRC”) is undertaking, East China Capital Holdings Ltd (”ECCH”), a subsidiary controlled by the Company, has received a proposal from Generale des Carrieres et des Mines (Gecamines) to revise the Gecamines-ECCH agreement in regard to the Shituru [...]

Landmark elections in the Democratic Republic of Congo (DRC) this month could usher in a mining boom for the country whose mineral riches in the past have produced as much war, corruption and misery as wealth.
The July 30 polls are seen as a crucial step in bucking a historical trend in the DRC: from the [...]

AngloGold Ashanti:
The third-biggest gold producer has been exploration drilling for gold at Mongbwalu in northeastern Ituri since 2005. AngloGold says the results so far support historical tonnage and grade estimates of 1.2 million ounces.
It increased its exploration budget for the DRC to $8 million (R58 million) for 2006 from $5 million in 2005.
AngloGold was accused [...]