You are here

Written by 

Copper Price Stability Crucial for DRC’s Economic Future 1 Copper Economy Mining in DRC 

Copper Price Stability Crucial for DRC’s Economic Future

Constance
The price of copper on global markets reached USD 9,044.50 per tonne, marking a slight increase of 0.04% compared to the previous week. This stability is crucial for the Democratic Republic of Congo (DRC), one of the world’s top producers of copper, a key metal in the global economy. Copper accounts for a significant portion of the DRC’s exports, making it a cornerstone of the national economy. The country has experienced a steady rise in copper prices over recent years, with prices even reaching historic highs. In 2023, copper exports… Read More Here
US President Joe Biden Announces $560 Million Funding for Lobito Trans-African Corridor 2 Mining in Zambia Angola Governance Mining in DRC Transport and Logistics 

US President Joe Biden Announces $560 Million Funding for Lobito Trans-African Corridor

Constance
On Wednesday, December 4, 2024, US President Joe Biden unveiled more than $560 million in funding for the Lobito Trans-African Corridor, during a meeting in Lobito with Angolan President João Lourenço, DRC President Félix Tshisekedi, Zambian President Hakainde Hichilema, and the Vice President of Tanzania. The project, designed to connect the mining basins of the Democratic Republic of Congo (DRC) and Zambia to the port of Lobito, is crucial for transporting key natural resources such as copper and cobalt. President Biden emphasized that the Lobito Corridor represents a transformative opportunity… Read More Here
Félix Tshisekedi Highlights Strategic Importance of the Lobito Corridor for Regional Prosperity 3 Events & Expos Mining in DRC Mining in Zambia Transport and Logistics 

Félix Tshisekedi Highlights Strategic Importance of the Lobito Corridor for Regional Prosperity

Constance
The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, emphasized the strategic significance of the Lobito Corridor during a multilateral meeting in Benguela, Angola, on Wednesday, December 4, 2024. This corridor, linking the DRC, Zambia, and Angola, is set to become a vital trade route, aiming to transport up to 20 million tonnes of goods annually by 2030. Tshisekedi highlighted its potential to drive economic development, particularly in the DRC’s copper and cobalt sectors, which are crucial to the global energy transition. “The Lobito Corridor, designed to transport… Read More Here
Kibali Gold Mine Honors Blessed Anuarite Nengapeta at 60th Anniversary Celebration 4 Mining in DRC Events & Expos Gold 

Kibali Gold Mine Honors Blessed Anuarite Nengapeta at 60th Anniversary Celebration

Constance
Kibali Gold Mine, represented by its Country Director, Cyrille Mutombo, participated in the Eucharistic celebration marking the 60th anniversary of Blessed Anuarite Nengapeta in Isiro, Haut-Uélé Province. The colorful ceremony was attended by President Félix Tshisekedi, Prime Minister Judith Suminwa, elected officials, political leaders, and social actors, as well as the diocese of Isiro-Niangara. Kibali Gold Mine, based in the northeastern DRC, attended the event to honor the legacy of Blessed Anuarite, a symbol of morality, religious values, and commitment to promoting what is valuable. “It is a pleasure for… Read More Here
Primera Gold Renamed DRC Gold Trading as State Gains Full Ownership 5 Mining in DRC Economy Gold 

Primera Gold Renamed DRC Gold Trading as State Gains Full Ownership

Constance
The Congolese government has renamed Primera Gold DRC SA to DRC Gold Trading SA following its complete acquisition of the company. Initially established as a joint venture between the Democratic Republic of Congo (DRC) and the United Arab Emirates in December 2022, the company is now fully under Congolese control. Revised statutes formalized the name change, with the shareholding structure now comprising 55% ownership by the state, 15% by Gécamines, and 30% by the Mining Fund for Future Generations (FOMIN). During the 60th anniversary of Blessed Anuarite Nengapeta in Buta… Read More Here
DRC Govt Gains 100% Control of Primera Gold DRC SA 6 Mining in DRC Gold 

DRC Govt Gains 100% Control of Primera Gold DRC SA

Constance
The Congolese government has regained full ownership of Primera Gold DRC SA, acquiring all shares held by its former Emirati partner, Primera Group Limited. This strategic move aims to position the Democratic Republic of Congo (DRC) as the leading exporter of gold from artisanal and small-scale mining, ensuring greater benefits for local communities impacted by mining activities. The transition also involved a redistribution of shares within the company, now renamed DRC Gold Trading SA. The Congolese state holds a 55% majority stake, while Gécamines and the Mining Fund for Future… Read More Here
DRC Poised to Capitalize on Germanium Market Amid China’s Export Ban 7 Mining in DRC Economy 

DRC Poised to Capitalize on Germanium Market Amid China’s Export Ban

Constance
China’s recent ban on exporting germanium to the United States has positioned the Democratic Republic of Congo (DRC) as a potential key player in the global market for this critical metal. Analysts suggest the DRC could leverage this opportunity to expand its influence and meet rising international demand. With a production plant launched in Lubumbashi in 2023, the DRC is targeting an annual output of 30 tonnes of germanium. State-owned mining company Gécamines is driving this initiative, aspiring to position the DRC as a viable alternative to China in the… Read More Here
Zambia-DRC Officials Visit Kamoa Copper to Advance Development 8 Mining in DRC Copper Mining in Zambia 

Zambia-DRC Officials Visit Kamoa Copper to Advance Development

Constance
On Thursday, November 21, 2024, Kamoa Copper SA welcomed Zambia’s Minister of Infrastructure, Housing, and Urban Development, Engineer Charles Milupi, alongside Her Excellency the Governor of Lualaba, Madam Fifi Masuka Saini. They were accompanied by the Provincial Minister of Infrastructure, Mr. Moise Mukepe Kahilu, and a delegation of Congolese and Zambian officials during a significant site visit. The visit coincided with the signing of a memorandum of understanding (MoU) between Zambia and the Democratic Republic of Congo (DRC) for the construction of the 145-kilometer Kolwezi–Lumwana road. This crucial infrastructure project… Read More Here
Patriot Lithium Secures Major Stake in Zambia’s Kitumba Copper Exploration License 9 Mining in Zambia Copper Exploration New Mining Projects 

Patriot Lithium Secures Major Stake in Zambia’s Kitumba Copper Exploration License

Constance
Australian mining company Patriot Lithium has reached an agreement with Newlight Nominees Zambia to acquire a 90% stake in the Kitumba Copper Large Scale Exploration License. The 255 km² license is strategically situated near Sinomine’s newly inaugurated $600 million Kitumba Copper Mine, which boasts an annual production capacity of 50,000 tons. This proximity positions Patriot to capitalize on a region with established mining infrastructure and proven copper potential. Patriot Lithium paid an initial $25,000 signing fee and has a 12-month window to establish a Special Purpose Vehicle (SPV) to complete… Read More Here
Orano Loses Control of Niger's Somair Uranium Mine Amid Governance Issues 10 International Uranium 

Orano Loses Control of Niger’s Somair Uranium Mine Amid Governance Issues

Constance
Orano, a major player in the nuclear energy sector, has lost control of its Somair uranium mine in Niger due to governance issues and interference from Nigerien authorities. The French company, which owns over 60% of Somair, had already suspended production after Niger halted uranium exports last year. Niger, responsible for around 4% of global uranium production, has long been a key supplier to Orano. However, following a military coup in the country last year, the situation for international companies has become increasingly unstable. Orano cited the recent actions of… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.