The Democratic Republic of the Congo said it will stop exporting cobalt for four months amid an oversupply in the global market. Since the beginning of the year, cobalt oversupply sent prices down by approximately 11.32%. DRC is the world’s largest cobalt producer with some two thirds of global reserves. Cobalt is a rare metal […]
More than 10,000 people have been displaced from North Darfur and South Kordofan within three days following a renewed surge in violence, according to the UN migration agency. The International Organization for Migration (IOM) said on Sunday, December 28, that over 7,000 residents fled the towns of Kernoi and Oum Barou in North Darfur between […]
Kamel Eddine Chikhi, Chief of state-owned energy firm Sonatrach, was sacked Wednesday only three months into the job. A presidential decree, relayed by state-run television ENTV, said Toufik Hakkar will take the helm of the energy company, which witnessed a cut into revenues last year and is in search of investors. Hakkar was […]
