Bay View suffers setback in mining dispute with Kigali
The American company Bay View, which had sought arbitration with the Rwandan state for allegedly withdrawing its mining permit unfairly, appears to have suffered a setback at ICSID.
Repelled by DRC mines' bad reputation, BMW has turned to Morocco and Australia for its cobalt supplies, while Volkswagen prefers to deal with Chinese battery manufacturers. At the same time through their supplier BASF, the car makers are funding a project to support Congolese artisanal mining cooperatives, managed by German development agency GIZ.
Germany may be phasing out nuclear power but demand for uranium in the rest of Europe and Asia is set to increase, as industrialised nations scramble for sources of decarbonised electricity. In Africa, countries such as Tanzania and Botswana are trying to take advantage of the trend to get their uranium production off the ground and join Namibia and Niger in the select group of African countries that produce yelllowcake.
Rainbow Rare Earths is highlighting the indirect presence of the US government in its capital, as Burundi seeks to position itself as an alternative to China for the supply of rare earths to Western countries, primarily the United States.
GreenBank Capital and JV Capital's planned takeover of Sierra Leone's Port Loko bauxite project via Ubique Minerals may have fallen through, but they are still looking for high-potential deposits in the country and further afield on the African continent.
The Department of Mineral Resources and Energy is used to making the headlines in the South African press over its management of the country's electricity supply network. It also plays a crucial role, however, in the functioning of South Africa's tentacular mining sector.