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President Tshisekedi Promotes Business Climate at France-DRC Forum 1 Mining in DRC Governance News in Brief 

President Tshisekedi Promotes Business Climate at France-DRC Forum

Constance
During his Paris visit, President Félix Tshisekedi addressed French businessmen at the Mendès-France Conference Center, emphasizing the direct link between the business climate unit and the Presidency of the Republic to ensure prompt responsiveness. Anthony Kinzo, Director General of the National Agency for the Promotion of Investments (ANAPI), highlighted the DRC’s progress, including the removal of 16 taxes as part of an emergency plan initiated in 2023 to enhance the business environment. The France-DRC Business Forum, organized by Medef, prioritizes strategic minerals, energy, and infrastructure development, crucial sectors for the… Read More Here
President Tshisekedi Raises Concerns Over EU-Rwanda Mining Agreement 2 Mining in DRC Governance 

President Tshisekedi Raises Concerns Over EU-Rwanda Mining Agreement

Constance
During a book presentation at the Collège des Bernardins in Paris, President Félix Tshisekedi voiced strong criticism against a recent Memorandum of Understanding (MoU) on critical raw materials signed between Rwanda and the European Union. The event, held on April 29, showcased Tshisekedi’s book “For a Congo Found,” which outlines his vision for a sovereign and prosperous Congo. Tshisekedi expressed appreciation for France’s support in stabilizing the Great Lakes region but expressed confusion over the EU’s decision to engage in mining partnerships with Rwanda. He emphasized concerns that such partnerships… Read More Here
Epiroc Finalizes Acquisition of Top South African Rock Drilling Parts Manufacturer 3 International Mergers & Acquisitions Mining Equipment 

Epiroc Finalizes Acquisition of Top South African Rock Drilling Parts Manufacturer

Constance
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of the business of Weco Proprietary Limited, a South African manufacturer of precision-engineered rock drilling parts and provider of related repairs and services.  Weco is based near Johannesburg, South Africa. The company, which has more than four decades of industry experience, has about 80 employees and had revenues in the fiscal year ending May 31, 2023, of about MZAR 160 (MSEK 90). Weco’s customers are mainly underground mining companies in the… Read More Here
Glencore Mulls Approach for Anglo American, Igniting Speculation of Bidding War 4 International 

Glencore Mulls Approach for Anglo American, Igniting Speculation of Bidding War

Constance
Sources reveal that commodities giant Glencore is considering a potential bid for Anglo American, a move that could trigger a competitive takeover battle for the 107-year-old mining firm. According to insiders, Glencore has yet to initiate discussions with Anglo, with internal deliberations still in early stages and no guarantee of a formal approach. While declining to comment on market speculation, a Glencore spokesperson refrained from confirming or denying the reports. The development comes after Anglo rejected a $39 billion all-stock offer from BHP, prompting speculation of potential rival bids. BHP’s… Read More Here
Anglo CEO meets South Africa's mines minister after BHP's takeover proposal 5 International 

Anglo CEO meets South Africa’s mines minister after BHP’s takeover proposal

Constance
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters. BHP, the world’s biggest-listed mining group, is privately talking to investors as it weighs up its next move after Anglo’s rejection of its initial proposal. Commodities giant Glencore is also studying an approach for Anglo, sources told Reuters, a development that could spark a bidding war for the 107-year old mining company. Anglo declined to comment on the meeting with Mantashe.… Read More Here
President Tshisekedi calls for sanctions against Rwanda During visit to Germany 6 Mining in DRC Governance 

President Tshisekedi calls for sanctions against Rwanda During visit to Germany

Constance
After a two-hour tête-à-tête between President Félix Tshisekedi and Federal Chancellor Olaf Scholz on Sunday in Berlin, Germany, their respective delegations held a working meeting during which they discussed economic cooperation and the security crisis in the eastern Democratic Republic of Congo (DRC). “The Germans reaffirmed their commitment to the sovereignty of the DRC and denounced the Rwandan military presence on Congolese territory. We insisted that declarations are good, but action is even better,” said Christophe Lutundula, Deputy Prime Minister (VPM), Minister of Foreign Affairs. According to Lutundula, “we need… Read More Here
Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya 7 Mining in DRC Cobalt Coltan Regional conflict Tin 

Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya

Constance
Opposition figure Martin Fayulu has condemned the presence of the Rwandan army alongside M23 militants in the mining town of Rubaya, located in the Masisi territory of North Kivu province. Fayulu, expressing his criticism via his X account, accused the Rwandan M23 army of controlling Rubaya, suggesting Rwanda’s increased access to Congolese coltan. Amidst this, Fayulu highlighted the plight of Congolese citizens affected by floods in Kalemie and Uvira, denouncing the government’s apparent lack of assistance and expenditure on unnecessary trips. Rubaya, known for its rich mineral resources including coltan,… Read More Here
Tenke Fungurume Mining Disputes Environmental Pollution Claims in Manomapia 8 Mining in DRC Environment Social Governance (ESG) 

Tenke Fungurume Mining Disputes Environmental Pollution Claims in Manomapia

Constance
Tenke Fungurume Mining (TFM), a subsidiary of the CMOC group, has reiterated its denial of environmental pollution allegations related to its new “30K” factory in Manomapia. Despite a relocation process underway in parts of the district, TFM asserts that emission levels from the factory comply with environmental standards, dismissing claims of pollution in the affected community. TFM cites an environmental and social impact study (ESIA) conducted for the factory, indicating that the distance between the emission point and the community meets DRC mining regulations. However, local civil society has voiced… Read More Here
Concerns Rise Over Military Presence at Mining Sites in Maniema Province 9 Mining in DRC 

Concerns Rise Over Military Presence at Mining Sites in Maniema Province

Constance
Local civil society in the Maniema province of the Democratic Republic of Congo (DRC) is raising alarm over the presence of DRC armed forces at various mining sites in the Lubutu territory. Jean Pierre Mutolo Mumbere, President of the active forces of civil society, highlights that this military presence poses a threat to the security of peaceful citizens in areas like Masaba, Nzigida, Cholo, Magiatani, Etogo, and others. Mutolo condemns the reported actions of certain soldiers against the local population, including harassment and torture, and urges political and administrative authorities… Read More Here
Moïse Katumbi Exposes Corruption Scandal in Congolese Mining Sector 10 Mining in DRC 

Moïse Katumbi Exposes Corruption Scandal in Congolese Mining Sector

Constance
Moïse Katumbi, a prominent Congolese opposition figure and former governor of Katanga, has raised concerns about a corruption scandal involving the public mining company COMINIERE and a mysterious Congolese NGO in the lithium exploitation project in Manono with Australian firm AVZ. According to Katumbi, after the sale of shares in COMINIERE, a significant sum of $70 million was transferred to the accounts of an NGO, whose president is an administrator of the public company. He highlighted that $40 million of this amount mysteriously disappeared. Katumbi implicated a Chinese subsidiary of… Read More Here

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