October 21, 2017 9:13 PM ET

Metals and Mining

Company Overview of United Materials Congo SARL

Company Overview

United Materials Congo SARL owns and operates mining properties of tantalum, tin, and cobalt. The company is based in Democratic Republic of the Congo. United Materials Congo SARL operates as a subsidiary of Tantalex Resources Corporation.

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Democratic Republic of the Congo

Key Executives for United Materials Congo SARL

United Materials Congo SARL does not have any Key Executives recorded.

United Materials Congo SARL Key Developments

United Materials Congo SARL Acquires Prospective Cobalt Property

TANTALEX Resources Corporation announced that its wholly owned subsidiary, United Materials Congo SARL has acquired an important mining claim namely PR 13634, KASEKA Cobalt Property (KASEKA), known to be highly prospective for copper and cobalt, which was previously owned by Gecamines SA. The property is located within the mining friendly region of Kolwezi in the south of the Democratic Republic of Congo (DRC) and is home to several large deposits. It is situated within the prolific Katangan Copperbelt and is defined as a syncline geological formation for which its southern part intersects the Kansuki Fault, and its northern portion intersecting the Kalunkudji Fault. As the northern fault continues a north-eastern direction it widens into the Tenke-Fungurume geological formation. The property has access to available infrastructure such as airports, railways, electricity as well as access to the nearby Kando River, providing ample water supply.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 20, 2017
Gécamines SA, KASEKA Cobalt Property
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