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China Imposes Key Mineral Export Ban on the U.S. Amid Escalating Trade Tensions 1 International 

China Imposes Key Mineral Export Ban on the U.S. Amid Escalating Trade Tensions

Constance
In a significant escalation of trade tensions, China has imposed a ban on exports of several critical minerals to the United States, including gallium, germanium, and antimony. These materials are essential for the production of semiconductors, infrared technology, and weapons. The ban follows Washington’s recent tightening of restrictions on Beijing’s access to advanced technology. The Chinese Ministry of Commerce defended the ban, citing national security concerns and the need to regulate dual-use materials, which can be used for both civilian and military purposes. As the dominant global producer, China supplies… Read More Here
DRC Prime Minister Advocates for Sanctions Against Rwanda at UN Human Rights Council 2 Mining in DRC Governance 

DRC Prime Minister Advocates for Sanctions Against Rwanda at UN Human Rights Council

Constance
On Monday, February 24, 2025, Prime Minister and Head of Government, Judith Suminwa Tuluka, addressed the High-Level Segment of the 58th session of the Human Rights Council (HRC) in Geneva, Switzerland. Representing President Félix Antoine Tshisekedi Tshilombo, Prime Minister Suminwa led a Congolese delegation that included the Minister of Human Rights, Chantal Chambu Mwavita, the Minister of Communication and Media, Patrick Muyaya Katembwe, and the Vice-Minister of Foreign Affairs, Grâce Yamba Kazadi. During her speech, Prime Minister Suminwa expressed gratitude for the swift processing of the DRC Government’s request last… Read More Here
Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program 3 Mining in DRC Corporate News 

Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program

Constance
Three Congolese companies have secured subcontracting agreements under the Sino-Congolese Program, signing works contracts in Kinshasa on Wednesday, February 19, 2025, according to a press release from the Congolese Agency for Major Works (ACGT). As part of the Sino-Congolese Program, the three companies obtained subcontracting positions with the Sino-Congolese Infrastructure Company (Sisc SA). The contracts cover several key construction projects, including the University of Mbandaka, Kananga stadium, and Tshikapa airport rehabilitation. These projects will now be carried out by Congolese companies, thanks to subcontracting arrangements initiated in March 2024 following… Read More Here
Rwanda’s Illicit Exploitation of Congolese Minerals Funded by DRC's Gold 4 Mining in DRC 

Rwanda’s Illicit Exploitation of Congolese Minerals Funded by DRC’s Gold

Constance
In a recent address to the Congolese diaspora in Switzerland, Minister of Communication and Media, Patrick Muyaya Katembwe, exposed how Rwanda’s budget is largely funded through the illegal exploitation of Congolese natural resources, particularly gold. Muyaya shared details from a briefing with the Minister of Mines, who highlighted how Rwanda has been plundering Congolese resources for the past three decades. “Today, half of Rwanda’s budget is financed by the illicit exploitation of our gold,” he stated. The government spokesman further emphasized that President Félix Tshisekedi’s assertion that the ongoing conflict… Read More Here
Justicia ASBL Exposes Mafia-Led Illegal Mining in DRC and Collusion with Republican Guard 5 Mining in DRC Artisanal mining 

Justicia ASBL Exposes Mafia-Led Illegal Mining in DRC and Collusion with Republican Guard

Constance
The Justicia ASBL, an organization dedicated to human rights, humanitarian law, and development, has condemned the illegal invasion of mining concessions and the plundering of Congolese minerals by organized mafia networks involving Lebanese and Chinese expatriates, allegedly operating in collusion with elements of the Republican Guard (GR) in Haut-Katanga and Lualaba provinces. Justicia ASBL specifically highlights the Menda mining site, owned by Boss Mining, a subsidiary of the ERG Group, which complies with Congolese mining tax regulations yet remains a victim of illegal mining operations. The organization reports that Republican… Read More Here
DRC Suspends Cobalt Exports for Four Months to Stabilize Market 6 Mining in DRC Cobalt Economy 

DRC Suspends Cobalt Exports for Four Months to Stabilize Market

Constance
The Democratic Republic of Congo (DRC) has announced a four-month suspension of cobalt exports to address an oversupply that has driven down global prices. The measure, which took effect on February 22, aims to align exports with global demand and stabilize the market. As the world’s leading cobalt producer, supplying about 75% of global output, the DRC has seen production surge in recent years, particularly due to increased output from major mining operations. However, this rapid growth has led to an imbalance between supply and demand, causing cobalt prices to… Read More Here
Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length 7 Mining in DRC New Mining Projects 

Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced at the 34th annual Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, an update on the expansive 2024 drill campaign, as well as the 2025 exploration budget on the company’s 60%- to 100%-owned Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). Western Forelands’ 2024 drilling program was Ivanhoe’s largest to date, with over 80,000 metres of diamond drilling completed. Drilling was predominantly focused on a potential western extension along strike… Read More Here
Angolan Minister Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding 8 Transport and Logistics International 

Angolan Minister Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding

Constance
Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President Donald Trump had only placed on hold certain initiatives by American aid agencies, particularly USAID,… Read More Here
Gemfields Sees Improved Demand in Mini Auction for Unsold Kagem Emeralds 9 Mining in Zambia Gemstones 

Gemfields Sees Improved Demand in Mini Auction for Unsold Kagem Emeralds

Constance
Gemfields recently held a mini auction to sell emeralds from its Kagem mine in Zambia, which remained unsold from a previous sale due to competition from another producer offering similar goods at lower prices. Between February 19 and 21, the company generated $4.8 million from the sale of 45,864 carats, it announced on Monday. Of the 13 lots offered, 10 were sold, achieving an average price of $105 per carat. In November, Gemfields had put 43 lots up for sale but managed to sell only 30, marking its weakest emerald… Read More Here
Glencore Estimates $72 Billion in Reserves at Mutanda Mine in DRC 10 Mining in DRC Cobalt Corporate News 

Glencore Estimates $72 Billion in Reserves at Mutanda Mine in DRC

Constance
In its 2024 report on reserves and resources, Swiss multinational Glencore, which specializes in the extraction and marketing of raw materials, provided projections suggesting that the Mutanda mine, located 40 kilometers from Kolwezi in the Democratic Republic of Congo (DRC), has measured copper and cobalt reserves valued at $72 billion. In the mining sector, potential resource assessments classify sites into three categories: measured reserves, which are highly reliable; indicated reserves, which are considered reliable but require further confirmation; and inferred reserves, which are less certain. Regarding Mutanda, Glencore’s latest report… Read More Here

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