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4.3 million barrels of oil produced in the DRC by the oil industry in 8 months 1 Oil & Gas Mining in DRC 

4.3 million barrels of oil produced in the DRC by the oil industry in 8 months

arnbethnic
The oil industry based in the Democratic Republic of the Congo produced 4.394 million barrels of oil in the first 8 months of 2022 compared to 4.852 million barrels in the same period in 2021, informs the data taken from the Digest of information October 2022 statistics from the Central Bank of Congo. For the whole of 2021, the Democratic Republic of the Congo had produced 8.455 million barrels of oil. Perenco is currently the only oil company operating in the Democratic Republic of Congo. In July 2022, the Congolese Government… Read More Here
Tenke Fungurume and Kamoa-Kakula in the Top 10 most valuable mines in the world 2 Mining in DRC New Mining Projects 

Tenke Fungurume and Kamoa-Kakula in the Top 10 most valuable mines in the world

arnbethnic1 Comment
The mining industry relies on a relatively small number of giant deposits to fuel its growth – and new discoveries of this nature are rare. Using data from Miningintelligence, MINING.COM has compiled a ranking of the world’s 10 richest working and precious metal base mines by calculating the overall value of mineral resources based on prevailing prices. On this list, we discover two mines located in the Democratic Republic of Congo, namely Tenke Fungurume which is in 7th place and Kamoa-Kakula which is in 9th place. The discovery of Tenke Fungurume… Read More Here
TANTALEX LITHIUM RESOURCES ANNOUNCES AWARD OF MINING LICENSE FOR ITS TITAN TIN AND TANTALUM PROJECT 3 Battery Metals Mining in DRC New Mining Projects 

TANTALEX LITHIUM RESOURCES ANNOUNCES AWARD OF MINING LICENSE FOR ITS TITAN TIN AND TANTALUM PROJECT

arnbethnic
Toronto, Ontario, October 31st 2022 – Tantalex is pleased to announce that its 70% owned DRC subsidiary United Cominiere SAS has been notified by the Ministry of Mines that research permits PR 12447 and PR12448 have now been transformed to Mining Concessions. TiTanProject Highlights Tantalex may now proceed immediately with the construction of the TiTantin and tantalum alluvial concentrate plant. Projected to produce approximately 1’400 dmtof Tin concentrate and 220 dmtof Tantalum concentrate per annum. Generating app. $30M USD in revenue annually at current commodity prices. Production scheduled to commence in… Read More Here
Climate transition: After oil, a new dependence on strategic metals? 21 Mining in DRC Battery Metals Cobalt 

Climate transition: After oil, a new dependence on strategic metals?

arnbethnic
After a century of geopolitical tensions around access to oil, experts fear that the energy transition will create, especially in Europe, new dependencies on countries that produce metals crucial for low-carbon technologies and energy. electrification of the planet. 1 – What are the climate transition metals? Cobalt, nickel, manganese, lithium conduct electricity in car batteries. Rare earths (neodymium, praseodymium, dysprosium, etc.) are used in hard disks or permanent magnets for wind turbines. Copper and aluminum generally conduct electricity. Platinum is used for hydrogen.   These metals allow industry, electronics, transport or energy systems… Read More Here
COMINIERE SA response to the allegations of mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite in Manono and Malemba-Nkulu 22 Mining in DRC Coltan 

COMINIERE SA response to the allegations of mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite in Manono and Malemba-Nkulu

arnbethnic
The Simplified Joint Stock Company called UNITED COMINIERE, hereinafter “UC SAS” or the “Company” is the result of a Joint Venture Agreement dated July 27, 2016 between La Congolaise de l’exploitation Minière (COMINIERE SA) and Sandstone Worldwide Ltd (SANDSTONE) respectively owner of thirty (30) and seventy (70) shares within the Joint Venture for the development of Exploration Permits numbered 12447, 12448, 12460 and 12462 in the Provinces of Haut-Lomami and Tanganyika in the Democratic Republic of Congo; We, associates of UC SAS, have just read an article on ACTUALITE.CD, a… Read More Here
Coltan ore1 Mining in DRC Coltan Environment Social Governance (ESG) Mining Policy 

UC SAS denounces a mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite, perpetrated in Manono and Malemba-Nkulu in DRC

arnbethnic
A mining fraud of more than 60 tons of coltan and cassiterite, valued at more than 10 million USD, would be perpetrated in the territories of Manono and Malemba-Nkulu, in the provinces of Haut Lomami and Tanganyika. This is what the company United Cominiere SAS denounces in its press release published on Tuesday, October 22, 2022.   This company accuses a certain Hadley Nathus and a Canadian subject named Eric Allard (chairman and CEO of the company TANTALEX) who, acting in complicity with the leaders of COMINIERE, would be in collusion with… Read More Here
Félix Tshisekedi reassures the private sector of state support for the emergence of local entrepreneurs at Makutano 8 23 Mining in DRC Events & Expos 

Félix Tshisekedi reassures the private sector of state support for the emergence of local entrepreneurs at Makutano 8

arnbethnic
Participating in the eighth edition of the Makutano forum in Mbuji-Mayi, capital of Kasaï-Oriental, the Head of State Félix Tshisekedi called on the people of this province to remain committed and to promote the emergence of Congolese entrepreneurs.  “The time has come to concretely see Congolese champions excel in a completely diversified Congolese economy with mature value chains in the agricultural and industrial sectors,” said Félix Tshisekedi. He also reassured Congolese citizens to convince the private sector of state support. About 500 young business leaders and business creation project leaders… Read More Here
TFM covered with praise at the Alternative Mining Indaba workshop in Lubumbashi (press release) 24 Mining in DRC 

TFM covered with praise at the Alternative Mining Indaba workshop in Lubumbashi (press release)

arnbethnic
“Congratulations to TFM for the program it is implementing. Its specifications touch on all the basic sectors of community life”. These are the words of the Minister of Mines of the province of Maniema, made at the end of the presentation that Tenke Fungurume Mining made of its environmental program and its specifications at the annual Alternative Mining Indaba conference. This year, Alternative Mining Indaba was organized from October 12 to 13 in Lubumbashi by SARW, an observatory of natural resources and community rights, under the evocative theme: “Management of the environmental impacts… Read More Here
2021, mining royalties from Lualaba and Haut-Katanga valued at nearly USD 650 million in the DRC 25 Mining in DRC Mining tax 

2021, mining royalties from Lualaba and Haut-Katanga valued at nearly USD 650 million in the DRC

arnbethnic
The royalties contribution of the mining industry to the economy of the Democratic Republic of Congo (DRC) was strong during the year 2021, welcomed Mr. Louis Watum Kabamba, President of the Chamber of Mines of the Federation companies of the Congo (FEC). During a press conference organized on Friday, October 21, 2022, at the Fleuve Congo Hotel, in Kinshasa, Mr. Louis Watum indeed indicated that the sum of 647,208,290 USD was paid to the Public Treasury, solely by the mining industry established in the two provinces of the country, namely… Read More Here

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