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DRC President Engages with Congolese Diaspora in China, Emphasizing the Potential Benefits of China's Experience 1 Mining in DRC Corporate News 

DRC President Engages with Congolese Diaspora in China, Emphasizing the Potential Benefits of China’s Experience

Constance
The day after his arrival in Beijing, China for a four-day state visit, the Congolese Head of State, Félix-Antoine Tshisekedi, met on Thursday, May 25, 2023, with members of the Congolese community. in China. In front of his compatriots gathered at the headquarters of the Embassy of the Democratic Republic of Congo (DRC) in Beijing, President Félix Tshisekedi gave an overview of the situation prevailing in the country on the security, economic and political levels. and social. With regard to bilateral relations with the People’s Republic of China, the Congolese… Read More Here
Top 10 richest mineral-producing countries in Africa 2 Economy 

Top 10 richest mineral-producing countries in Africa

Constance
Africa is home to vast and abundant reserves of natural resources, with resources ranging from black gold popularly known as oil to large reserves of cobalt, found all across the mineral-rich lands of the Congo. Africa is home to nearly all valuable minerals that are essential to generating wealth, producing commodities, and advancing technology. Several African nations have prospered because of their mineral resources, some more so than others. Africa is home to approximately 30% of the world’s entire mineral reserves. While some countries rely on oil, some are rich… Read More Here
DRC seeks increased stakes in Cobalt and Copper ventures with Chinese corporations 3 Mining in DRC Cobalt Copper Economy 

DRC seeks increased stakes in Cobalt and Copper ventures with Chinese corporations

Constance
The Democratic Republic of the Congo plans to increase its interest in a cobalt and copper joint venture with Chinese corporations from 32% to 70%, citing worries that the pact hands away too much of Congo’s resources for little value to the country. Congo claims that the asymmetrical agreement gives it little influence over the venture’s activities since its resources and earnings leave the nation. In March President Felix Tshisekedi established an ad hoc panel to harmonize the negotiation positions of the Congolese institutions in charge of overseeing the deal’s… Read More Here
Marula Mining Establishes Independent Subsidiary for Copper and Graphite Operations 4 International Copper 

Marula Mining Establishes Independent Subsidiary for Copper and Graphite Operations

Constance
Marula Mining, a prominent mining company, has recently announced the establishment of its wholly owned subsidiary in Kenya, named Muchai Mining Kenya. This subsidiary will focus on securing both near-term and advanced mining opportunities for copper and graphite in the region. highlights of this development: Muchai Mining Kenya: Muchai Mining Kenya will serve as Marula’s dedicated operating entity for copper and graphite mining in Kenya. As a 100% wholly owned subsidiary, it will strengthen Marula’s presence in East Africa. Extensive Due Diligence: The decision to establish Muchai Mining Kenya follows… Read More Here
Sandvik introduces largest top hammer drill rig 5 International Mining Equipment 

Sandvik introduces largest top hammer drill rig

Constance
With the arrival of the very first Pantera™ DP1600i, customers in southern Africa can now expect to drill larger holes of up to 178 mm using a top hammer drill rig. The end result is a significant reduction in fuel consumption and total drilling costs compared to down-the-hole (DTH) drilling. That top hammer drills have always been limited in terms of hole sizes is no overstatement. To provide context, the previous Pantera™ DP1500i – Sandvik’s legacy machine – could only drill holes up to 152 mm in diameter, and anything… Read More Here
African Mining Prioritizes Sustainable Practices for Environment and Social Responsibility 6 Environment Social Governance (ESG) 

African Mining Prioritizes Sustainable Practices for Environment and Social Responsibility

Constance
Mining activities in Africa, led by both the private and public sectors, are increasingly focusing on sustainable techniques to prioritize environmental sustainability, social responsibility, and good business practices. With Africa’s efforts to maximize the exploration and production of its abundant extractive resources, including critical minerals like lithium and cobalt, in order to shape the global energy transition and drive economic growth, the adoption of sustainable practices has become the norm. Sustainable Mining Techniques and Land Management Traditional mining techniques such as open pit and underground mining have significant negative impacts… Read More Here
Perenco Inaugurates New Production and Training Platform offshore DRC 7 Mining in DRC Oil & Gas 

Perenco Inaugurates New Production and Training Platform offshore DRC

Constance
Independent Anglo-French oil and gas company Perenco has inaugurated a new  offshore platfrom, named Magisus in Muanda in the Democratic Republic of Congo. The offshore facility, which was launched by H.E Didier Budimbu, Minister of Hydrocarbons, DRC and Wivine Moleka, Deputy Minister of Hydrocarbons, DRC will be leveraged by Perenco to increase oil production by enabling the independent to connect new wells drilled in 2023 and 2024.  The facility’s gas compression capabilities will help Perenco to avoid gas flaring in oil and gas production and reduce carbon footprint by avoiding 120,000 tons… Read More Here
DRC and China Set to Revive Mutual Cooperation with New Framework Agreement 8 Mining in DRC Economy 

DRC and China Set to Revive Mutual Cooperation with New Framework Agreement

Constance
The Democratic Republic of Congo and China are preparing to conclude a new framework agreement with a view to relaunching their mutual cooperation. This shift in relations between the two States will be materialized through the signing ceremony of the new so-called “non-exclusive” partnership scheduled for Friday, May 26, 2023 at the People’s Palace in Beijing, China. The two Chinese presidents Xi Jiping and Congolese Félix Tshisekedi will put their signatures at the bottom of this precious document which will mark the advent of a new era in cooperation between… Read More Here
copper, cobalt, zinc and tin prices red in DRC this week 9 Mining in DRC Cobalt Copper Economy Zinc 

copper, cobalt, zinc and tin prices red in DRC this week

Constance
The economy of the Democratic Republic of Congo (DRC) is expected to suffer a shock from the drop in the projected price of four mining products on international markets. These are mainly copper, cobalt, zinc and tin. According to projections by the National Commission for Market Prices, copper is expected to fall to USD 8,208.20 this week from USD 8,512.65 a week earlier, down around USD 304.45. Cobalt is expected to trade at USD 34,240.00 this week versus USD 34,246.00 last week, the same source notes. Zinc and tin are also… Read More Here
China and the DRC set to sign a $6 Billion infrastructure-for-minerals agreement 10 Mining in DRC Economy 

China and the DRC set to sign a $6 Billion infrastructure-for-minerals agreement

Constance
Felix Tshisekedi, the President of the Democratic Republic of the Congo, is visiting China from today, May 24th, to May 29th. He is scheduled to meet with President Xi Jinping to discuss and sign a number of significant economic agreements. The meeting will allow the two nations to formally revise and sign a $6 billion infrastructure-for-minerals agreement with Chinese investors. The Chinese foreign ministry confirmed the trip on Monday 22nd May. The president informed the cabinet that a task committee reviewing the agreement had turned in its findings, allowing talks… Read More Here

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