International news within the industry of mining and metal, May, 22 2019
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U.S. miner secures $115M for copper investment

Photo: Nevada Copper
Photo: Nevada Copper
Published by
Jaroslaw Adamowski - 13 May 2019

U.S. Nevada Copper has signed a credit agree-ment with KfW Ipex Bank to secure some $115 million in funds for the company’s Pumpkin Hollow copper project, located in the U.S. state of Nevada.

 

Nevada Copper says that Pumpkin Hollow is “the only major, shovel-ready and fully-permitted copper project in North America that is cur-rently under construction”, and it “has substantial reserves and re-sources including copper, gold and silver.”

 

Pumpkin Hollow’s two projects include the high-grade Underground Project which is in construction with a possibility to launch copper production in the fourth quarter of 2019, and the Open Pit copper de-posit, according to data from Nevada Copper

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