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Miguel Kashal Katemb launches control in main and subcontractor companies in the DRC 1 Mining in DRC Environment Social Governance (ESG) Mining Policy 

Miguel Kashal Katemb launches control in main and subcontractor companies in the DRC

arnbethnic
The Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, has officially launched the control of the rules of subcontracting in the main and subcontracting companies. This activity comes after its announcement a few weeks ago. Through an official message, the Director General Miguel Kashal makes it known that this campaign aims to apply the vision of the Head of State in the sector, to stop the system of nominees and the end of the phenomenon of vouchers. order which are given according… Read More Here
The price of copper reaches USD 9,001.0 per tonne on the international market (BCC) 18 Copper International 

The price of copper reaches USD 9,001.0 per tonne on the international market (BCC)

arnbethnic
The price of a tonne of copper rose by 0.69% on April 13, standing at 9,001.0 USD on the London Metal Exchange (LME) against 8,939.00 USD a week earlier. This is what the note on the economic situation of the Central Bank of Congo (BCC) provides. According to indications from the Central Bank of Congo, this rise in the price of copper is driven by the expansion of activities in China, particularly in the construction and automotive sectors. According to metal market experts, copper is expected to trade lower this… Read More Here
DRC announces the submission deadlines for the call for tenders for 3 oil blocks 19 Oil & Gas Mining in DRC Mining Supply Tenders 

DRC announces the submission deadlines for the call for tenders for 3 oil blocks

arnbethnic
In a press release dated Wednesday April 19, 2023, the Ministry of Hydrocarbons announced the deadlines for submitting applications for the call for tenders on the 3 oil blocks in the Basin Coastal, as well as those opening the folds of the latter. According to this press release, the different dates related to the end of receipt of applications and the opening of bids are as follows: • NGANZI BLOCK – Deadline for submission: Friday, April 21, 2023; – Opening of bids: Monday, April 24, 2023. • YEMA II BLOCK… Read More Here
First meeting of the National Consultation Framework of Stakeholders in the DRC Mining Sector 20 Mining in DRC Environment Social Governance (ESG) Mining Policy 

First meeting of the National Consultation Framework of Stakeholders in the DRC Mining Sector

arnbethnic
On Thursday, April 20, 2022, at the Salon Rouge of the Fleuve Congo Hotel, the Prime Minister, Jean-Michel Sama Lukonde, participated in the first meeting of the National Consultation Framework of Stakeholders in the mining sector. The Government Chief presided over the opening ceremony of this Forum on behalf of the President of the Republic, which aims to reflect on the modernization of artisanal mining in the DRC. The Forum brings together more than 150 participants who will discuss the challenges of modernizing artisanal mining in the DRC. The Presidential… Read More Here
IMF delegation assesses mining statistics with Antoinette N'Samba Kalambayi 21 Mining in DRC Environment Social Governance (ESG) 

IMF delegation assesses mining statistics with Antoinette N’Samba Kalambayi

arnbethnic
The national Minister in charge of mines, Antoinette N’Samba Kalambayi, on the evening of Wednesday, April 19, conferred with the delegation of the International Monetary Fund in her office. With the boss of mines, it was a question of mining statistics on production (2022-2023) and projections (2024-2033), the contribution of the mining sector to the budget as well as the inventory of sector reforms. As a reminder, after the staff visit held last February, the IMF team is staying in Kinshasa from April 19 to May 3 for the assessment… Read More Here
US International Development Finance Agency intends to boost the electric battery factory project in the DRC 22 Mining in DRC Battery Metals 

US International Development Finance Agency intends to boost the electric battery factory project in the DRC

arnbethnic
After being received at the US State Department, the Congolese Minister of Industry, Julien Paluku Kahongya, and his colleague from Finance, Nicolas Kazadi, met with the team from the American Agency for International Development Finance (DFC) led by its Executive Director, Scott Nathan. During this strategic meeting, the American financial agency announced that it will support the acceleration of the realization of the pan-African project to establish the first factory for the production of electric battery precursors in the province of Haut-Katanga in the Democratic Republic of Congo (DRC). For… Read More Here
DRC Adopts a draft decree establishing the public institution called “Inspection Générale des Mines” 23 Mining in DRC Environment Social Governance (ESG) Mining Policy 

DRC Adopts a draft decree establishing the public institution called “Inspection Générale des Mines”

arnbethnic
The Congolese government has adopted a draft decree establishing the creation, organization, and functioning of a public service called the “Inspection Générale des Mines” (IGM for short). It was presented by the Minister of Mines, Antoinette N’samba, during the 94th meeting of the Council of Ministers held on Friday, April 14, 2023. “The General Inspection of Mines” (IGM) has, among other missions, the task of combating all forms of mining fraud and smuggling, designing, implementing, and ensuring the monitoring of practical collaboration measures in the field between public services and… Read More Here
Plenary Session of the DRC National Assembly approves in particular the dismissal of the SNEL, MD 24 Governance Electricity Mining in DRC 

Plenary Session of the DRC National Assembly approves in particular the dismissal of the SNEL, MD

arnbethnic
The plenary session discussed the recommendations of Deputy Prosper Bukasa, who had questioned the General Manager of SNEL (National Electricity Company). By a show of hands, the plenary decided to approve three out of four recommendations, including the revocation of the SNEL GM for “incompetence and lack of clear vision in the management of the company.” However, the plenary opposed the recommendation regarding the reinstatement of “unjustly dismissed” directors, according to Prosper Bukasa. The plenary relied on the explanations of the SNEL GM, who explained that they were on leave… Read More Here

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