Red Rock Resources plc announced a new cobalt joint venture (JV) in Haut-Katanga, the Democratic Republic of Congo (DRC). JOINT VENTURE The company’s subsidiary Red Rock Resources Congo SAU (RRRC) entered into an agreement with the Société d’Investissement Minier Akon et Sodimico S.A. (Simaks). The deal will see Red Rock acquire 58% in the Kimono […]
Tag: Democratic Republic of Congo (DRC)
Red Rock awarded further $2m over copper-cobalt JV
Red Rock Resources plc has been awarded an additional $2 million in damages with costs in its legal action over its copper-cobalt joint venture in the Democratic Republic of Congo. ENFORCEMENT On 14 January, the Commercial Court of Lubumbashi issued an executory judgment ordering Vumilia Pendeza SA (VUP) to pay the sum. This follows the earlier judgment […]
Red Rock explores possible lithium joint venture in DRC
Red Rock Resources plc said it was exploring possible co-operation with US-based third parties on copper-cobalt and a lithium joint venture in the Democratic Republic of Congo. DUE DILIGENCE Red Rock chairman Andrew Bell said that the company was conducting due diligence on some potential co-operation with a US investor in the cobalt-copper space. He […]
Red Rock finds copper-cobalt oxides at Luanshimba
Red Rock Resources plc has encountered cobalt-copper oxides in its reverse circulation (RC) drill programme at the Luanshimba copper-cobalt project in Haut-Katanga in the Democratic Republic of Congo. LICENCE The 420 hectare prospecting licence (PR13513) lies in the Congolese copper belt, 65km southeast of the provincial capital of Lubumbashi in Haut-Katanga. The site covers the […]
Red Rock quickens to drill stage in Luanshimba
Red Rock Resources plc said it intended to speed up progress towards drilling at its 80% owned copper-cobalt Luanshimba licence in the Democratic Republic of Congo (DRC). The announcement followed further positive results from the ground geophysics programme at the site. The natural resource development company said that the first two phases of the programme […]
Red Rock steps into Adidi-Kanga gold dispute
Red Rock Resources plc has entered into two deed agreements following a dispute involving Vector Resources Ltd (VEC) which holds 60% of the Adidi-Kanga gold project in the Democratic Republic of Congo. ARBITRATION Chairman Andrew Bell said that the company was “well positioned” to play a constructive role given its familiarity with VEC, which has […]