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Lualaba Governor Demands People-Centered Development Along Lobito Corridor 1 Mining in DRC 

Lualaba Governor Demands People-Centered Development Along Lobito Corridor

Constance
The Lobito Corridor must first and foremost serve the interests of the Congolese people. This was the firm declaration made by Lualaba Governor Fifi Masuka on Wednesday, May 14, 2025, during the opening of the sixth edition of the Katanga Business Mining forum in Kolwezi. Governor Masuka emphasized the urgency of transforming the Lobito Corridor from a mere export route into a vehicle for economic empowerment. “It is more than urgent to make this corridor an axis of transformation for the Congolese people, not just a route for exporting minerals,”… Read More Here
US-DRC Critical Minerals Deal Demands Mining Reform and Transparency 2 Mining in DRC 

US-DRC Critical Minerals Deal Demands Mining Reform and Transparency

Constance
The United States is facing a strategic economic and national security challenge: securing critical mineral supplies without relying on geopolitical adversaries, particularly China. As part of this effort, Washington is finalizing a partnership with the Democratic Republic of Congo (DRC) to ensure access to key resources such as cobalt, copper, coltan, and lithium. In exchange, the U.S. is expected to support the stabilization of eastern DRC. This minerals-for-security-and-development agreement places Kinshasa under scrutiny, particularly in terms of mining governance and transparency—key conditions for attracting U.S. private sector investment. Washington’s stance… Read More Here
Afrewatch Urges Oversight as $1B Sicomines Projects Face Scrutiny 3 Mining in DRC 

Afrewatch Urges Oversight as $1B Sicomines Projects Face Scrutiny

Constance
The first phase of infrastructure development under the Sicomines agreement—an investment partnership between the Democratic Republic of Congo (DRC) and a Chinese business consortium—mobilized a total of USD 1.053 billion, of which USD 822.1 million was allocated to completed projects, according to a new report by the NGO Afrewatch. Drawing on data from the Congolese Agency for Major Works (ACGT), the report reveals that 42 projects were launched in this initial phase. Of these, 36 have been completed, while six remain ongoing. However, only 20 projects have been definitively approved.… Read More Here
CMOC, Glencore, and ERG Dominate as DRC Supplies 70% of Global Cobalt in 2024 4 Mining in DRC Battery Metals Cobalt 

CMOC, Glencore, and ERG Dominate as DRC Supplies 70% of Global Cobalt in 2024

Constance
According to the latest report from the Cobalt Institute, the Democratic Republic of Congo (DRC) reinforced its position as the cornerstone of the global cobalt supply chain in 2024, accounting for over 70% of global mined output. Remarkably, 85% of the country’s cobalt exports were handled by just three companies: CMOC, Glencore, and Eurasian Resources Group (ERG). Production soared to new records, largely driven by CMOC’s output from its Tenke Fungurume (TFM) and Kisanfu (KFM) operations, which together yielded 114,000 tonnes—31% above previously projected capacity. However, this production boom contributed… Read More Here
Artisanal Cobalt Mining in the DRC Shrinks to Record Low Amid Industrial Surge and Price Pressures 5 Mining in DRC Artisanal mining Battery Metals Cobalt 

Artisanal Cobalt Mining in the DRC Shrinks to Record Low Amid Industrial Surge and Price Pressures

Constance
In the Democratic Republic of Congo (DRC), artisanal cobalt mining—a sector that has historically contributed between 10% and 30% of national output—is facing a sharp decline. According to the Cobalt Institute’s annual report released on May 14, 2025, artisanal mining accounted for just 2% of the country’s cobalt production in 2024. This marks a historically low level of contribution from small-scale miners, sharply contrasting with previous years. “In 2018, when cobalt prices peaked above USD 40 per pound, artisanal miners represented around 10% of the DRC’s output,” the report states.… Read More Here
Kamoa Copper Champions Local Value Creation and Lobito Corridor at Katanga Business Meeting 6 Mining in DRC Events & Expos 

Kamoa Copper Champions Local Value Creation and Lobito Corridor at Katanga Business Meeting

Constance
Kamoa Copper SA, a leading mining operator in the Democratic Republic of Congo (DRC), participated as a Platinum Sponsor at the 6th edition of the Katanga Business Meeting (KBM), held from May 15 to 16 at the Lualaba Provincial Assembly headquarters in Kolwezi. Held under the theme “Building Our Future: Focus on Priority Objectives,” the event brought together economic stakeholders from across the DRC. Kamoa Copper stood out both as an exhibitor and panelist, reflecting its growing influence in the country’s mining and economic sectors. On the first day of… Read More Here
DRC Reaffirms Global Cobalt Leadership and Push for Traceability at Cobalt Institute Conference 7 Uncategorized Battery Metals Cobalt Mining in DRC 

DRC Reaffirms Global Cobalt Leadership and Push for Traceability at Cobalt Institute Conference

Constance
At the opening of the Cobalt Institute’s 8th Annual Conference in Singapore, Democratic Republic of Congo (DRC) Minister of Mines, Kizito Pakabomba, emphasized the country’s pivotal role in the global energy transition. He noted that over 70% of the world’s cobalt originates from the DRC, underscoring its strategic importance in meeting the energy challenges of the 21st century. Addressing a gathering of industry experts, mining operators, and investors, Minister Pakabomba reaffirmed the DRC government’s commitment to promoting traceability of critical minerals. This, he said, is part of a broader effort… Read More Here
Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia 8 Mining in Zambia Copper Economy 

Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia

Constance
The Advocates for National Development and Democracy (ANDD) say Zambia’s ongoing mining sector reforms are beginning to positively impact the economy, citing the recent appreciation of the Kwacha against the US dollar. ANDD Executive Director Samuel Banda attributed the currency’s recent rise to around 26.7 Kwacha per dollar in part to increased copper production. He praised recent progress in the mining industry, particularly the developments at Konkola Copper Mines (KCM), and commended Vedanta Resources for its commitment to clearing KCM’s legacy debts and outstanding payments to suppliers. Vedanta has confirmed… Read More Here
Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute 9 Gold Corporate News International 

Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute

Constance
DAKAR/TORONTO – A court in Mali is set to hear a request from the country’s military government on Thursday to place Barrick’s Loulo-Gounkoto gold mine under provisional administration, a move that could significantly escalate the ongoing dispute between the Canadian miner and the West African state. The conflict, which began in 2023, centers on tax claims and disagreements over a new mining code that increases government royalties and ownership stakes. Operations at the Loulo-Gounkoto complex were suspended in January after the government seized around 3 metric tons of gold—valued at… Read More Here
China’s Cobalt Supplies Remain Resilient Despite DRC Export Ban 10 Cobalt Battery Metals Mining in DRC 

China’s Cobalt Supplies Remain Resilient Despite DRC Export Ban

Constance
Chinese cobalt smelters continue to maintain stable supplies of the critical battery metal, despite the four-month export ban imposed by the Democratic Republic of Congo (DRC)—the world’s top cobalt producer—earlier this year, according to delegates at the Cobalt Congress 2025 held in Singapore. Shirley Wang, General Manager at Shanghai Metals Market, told the conference that Chinese downstream users have stockpiles of intermediate cobalt products ranging from two weeks to six months. “Large-scale users in China have up to six months of inventory. However, smaller companies with only half a month’s… Read More Here

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