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DRC and Cameroon Lose Billions in Gold Revenues Amid Smuggling and Weak Traceability 1 Mining in DRC Gold 

DRC and Cameroon Lose Billions in Gold Revenues Amid Smuggling and Weak Traceability

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Gold Smuggling and Weak Controls Undermine Revenue Collection in DRC and Cameroon’s Mining Sectors Despite reforms aimed at improving governance in the extractive sector, the Democratic Republic of Congo (DRC) and Cameroon continue to lose significant revenues from gold production due to smuggling, informal trade networks and persistent challenges in tracing artisanal gold supplies. A report by the Institute for Security Studies (ISS) highlights the weaknesses in the two countries’ gold governance systems, pointing to major gaps between official production figures and the volumes of gold entering international markets. Large… Read More Here
DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves 2 Mining in DRC Oil & Gas Petroleum 

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

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DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic Republic of Congo (DRC) is currently exploiting only a small fraction of its vast hydrocarbon potential, despite estimated reserves of 22 billion barrels of oil and 66 billion cubic metres of gas across its major sedimentary basins. According to Joseph Twite Maloba, President of the Professional Committee of Petroleum Companies of the Federation of Enterprises of Congo (FEC South) and Vice-President of the National Hydrocarbons Commission of the FEC, the country is using only about… Read More Here
DRC President Urges New ARSP Chief to Enforce Subcontracting Law and Strengthen Local Content 3 Mining in DRC Governance 

DRC President Urges New ARSP Chief to Enforce Subcontracting Law and Strengthen Local Content

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Félix Tshisekedi Calls for Strict Enforcement of DRC Subcontracting Rules Under New ARSP Leadership The newly appointed Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Ted Beleshayi Kasanda, has been instructed by President Félix Antoine Tshisekedi Tshilombo to ensure strict enforcement of the country’s subcontracting regulations and promote greater participation of Congolese businesses in the private sector. Kasanda received his first official audience with the Head of State on 23 July 2026 at African Union City, where discussions focused on strengthening the implementation of the… Read More Here
DRC Ministry of Mines Advances Administrative Reforms to Strengthen Sector Governance 4 Mining in DRC Governance 

DRC Ministry of Mines Advances Administrative Reforms to Strengthen Sector Governance

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DRC Ministry of Mines Pushes Human Capital Reform to Improve Mining Sector Efficiency The Democratic Republic of Congo’s Ministry of Mines has reaffirmed its commitment to strengthening the country’s mining administration through an ongoing personnel reform programme aimed at improving efficiency, accountability and governance across the sector. Speaking at the closing ceremony of the Mining Administration Staff Development Commission in Kinshasa on 23 July 2026, Professor Dr. Michel Kaswa, Chief of Staff to the Minister of Mines, Louis Watum Kabamba, said a strong and well-organised public administration is essential to… Read More Here
DRC's SAEMAPE Urges Mining Reforms and Cooperative Support After Major Copper Discovery in Greater Kasai 5 Mining in DRC Artisanal mining Copper 

DRC’s SAEMAPE Urges Mining Reforms and Cooperative Support After Major Copper Discovery in Greater Kasai

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SAEMAPE Calls for Formalisation of Artisanal Mining Following Major Copper Discovery in Greater Kasai The Director General of the Service for Assistance and Support of Artisanal and Small-Scale Mining (SAEMAPE), Jean-Paul Kapongo Kadiobo, has called for the formalisation of artisanal mining following the discovery of a significant high-grade copper deposit in Katende, Kasai-Oriental Province. Kapongo urged provincial authorities to replicate the one-stop shop model used in Lualaba and Haut-Katanga to simplify administrative procedures, strengthen oversight and support the formation of mining cooperatives. He noted that the Mining Code no longer… Read More Here
Mali Forecasts Lower Gold Production Through 2029 Amid Mining Sector Reforms 6 International Gold 

Mali Forecasts Lower Gold Production Through 2029 Amid Mining Sector Reforms

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Mali Expects Gold Production to Stay Below 60 Tonnes Annually Through 2029 as Mining Reforms Reshape Sector Mali’s industrial gold production is projected to remain below 60 metric tonnes per year through 2029, according to the Ministry of Mines’ 2026–2029 strategic plan, reflecting the continued impact of sweeping mining reforms and regulatory changes introduced in recent years. The West African nation, one of Africa’s leading gold producers, has strengthened state oversight of the mining industry following the adoption of a new mining code in 2023. The reforms are aimed at… Read More Here
Civil Society Urges DRC to Fast-Track Independent Audit of Sicomines Agreement 7 Mining in DRC Corporate News 

Civil Society Urges DRC to Fast-Track Independent Audit of Sicomines Agreement

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DRC Civil Society Calls for Urgent Independent Audit of Sicomines Project to Improve Transparency and Accountability The Congo Is Not for Sale Coalition (CNPAV) has called on President Félix Tshisekedi and Prime Minister Judith Suminwa Tuluka to accelerate the implementation of an independent technical and financial audit of the Sicomines mining project, describing it as essential to improving transparency, accountability and governance in one of the Democratic Republic of Congo’s largest mining partnerships. In a statement issued on 23 July, the coalition urged the government to maintain momentum on the… Read More Here
Jindal Group Invests $160 Million to Build Africa’s First Fully Electric Coal Mine 8 International Coal Corporate News 

Jindal Group Invests $160 Million to Build Africa’s First Fully Electric Coal Mine

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Mozambique Secures $160 Million Investment as Jindal Develops Africa’s First Fully Electric Coal Mine Indian billionaire Sajjan Jindal’s Jindal Group has committed $160 million to transform its Moatize coal mine in Mozambique into Africa’s first fully electric coal mining operation, marking a major step toward more efficient and lower-emission mining on the continent. The investment will fund the development of a 300-megawatt power system to electrify mining operations, coal processing facilities and rail transport infrastructure at the Vulcan-operated mine in Tete Province. Replacing diesel-powered equipment with electric systems is expected… Read More Here
DRC Mining Companies Agree on Framework for Congolese Ownership Participation Rules 9 Mining in DRC 

DRC Mining Companies Agree on Framework for Congolese Ownership Participation Rules

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DRC Miners and Government Reach Agreement on Decree to Increase Congolese Participation in Mining Companies Mining companies operating in the Democratic Republic of Congo have reached an agreement with the Ministry of Mines on the draft decree governing Congolese participation in the share capital of mining companies. The agreement was reached during a working session held on July 21, 2026, in Kinshasa, chaired by Professor Dr. Michel Kaswa Kayomo, Chief of Staff to the Minister of Mines, who represented Minister Louis Watum Kabamba. The meeting brought together senior government officials,… Read More Here
Yannick Makola Appointed First Congolese Managing Director of Kamoto Copper Company 10 Mining in DRC Copper Corporate News Mining Personality 

Yannick Makola Appointed First Congolese Managing Director of Kamoto Copper Company

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Glencore’s KCC Names Yannick Makola as First Congolese CEO to Lead Major DRC Copper Producer Kamoto Copper Company (KCC), a subsidiary of global mining group Glencore in the Democratic Republic of Congo, has appointed Yannick Makola as Managing Director, subject to approval by the company’s Board of Directors. The appointment marks a historic milestone for KCC, as Makola becomes the first Congolese national to lead the company since its establishment. Makola joined KCC in 2020 as General Manager responsible for Processing before advancing through senior leadership roles. He most recently… Read More Here

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