International news within the industry of mining and metal, May, 22 2019
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Australian miner eyes Ecuador copper-gold project

Photo: SolGold
Photo: SolGold
Published by
Jaroslaw Adamowski - 09 May 2019

Australian miner SolGold has released an updated on its Porvenir project in Ecuador where the company plans to carry out drill testing and ground magnetics in the second quarter of 2019.

 

“The size and grade of the outcropping mineralisation at Porvenir in-dicates a significant copper gold porphyry system. The 150m long channel sample is significantly longer and richer than the 50m long discovery outcrop at Alpala in the Cascabel tenement, which has so far yielded a contained resource of 23 million ounces of gold and nearly 11 million tonnes of copper,” said Nick Mather, the company’s chief executive, as quoted in the statement.

 

SolGold is listed on the London Stock Exchange and the Toronto Stock Exchange. Focused on the exploration of copper and gold de-posits, the miner says it is based in Brisbane, Australia, and has of-fices in Australia, the UK, and Ecuador.

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