International news within the industry of mining and metal, May, 22 2019
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Silver Standard Resources completed the sale of its Berenguela project

Photo: Silver Standard
Photo: Silver Standard
Published by
Peter Höök - 01 Jun 2017

Silver Standard Resources Inc. announces that it has completed the sale of its Berenguela project in the Lampa Province of Puno, Peru, Berenguela, to Valor Resources Limited for aggregate consideration of $12 million in deferred cash and a 9.9% equity interest in Valor.

Valor is an Australian-based company, focused on mineral project exploration and development, listed on the ASX Limited.

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt