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Cobalt Price drops 18% to $39,348/tonne this Week Feb 13-18, 2023 1 Mining in DRC Cobalt 

Cobalt Price drops 18% to $39,348/tonne this Week Feb 13-18, 2023

Constance
The main export products of the Democratic Republic of Congo are showing a downward trend this week from February 13 to 18, 2023, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Cobalt is experiencing a price drop of 18.57% this week. It is trading this week at 39.348 USD per ton against 48.324 USD per ton last week, a price drop of 8976 USD. Copper is also down this week at USD 8986 per tonne from USD 9221 per tonne last week, a negative price… Read More Here
DRC Exports 2,220 Tons of Tantalum Concentrates Worth $79M in 2022 2 Mining in DRC Battery Metals News in Brief 

DRC Exports 2,220 Tons of Tantalum Concentrates Worth $79M in 2022

Constance
The Democratic Republic of Congo exported during the year 2022 a volume of 2,220 tons of tantalum concentrates representing a value of 79.1 million USD, according to data from the Ministry of Mines. Almost half of the tantalum exported by the DRC comes from the province of North Kivu, i.e. 1080 tons exported for a market value of 58 million USD. The other provinces that contribute to tantalum exports in the DRC are South Kivu for 415 tons; the Maniema for 10 tons; and the former Katanga with 713 tons. Tantalum is… Read More Here
DRC Exported 11.6M carats of Diamonds Worth $145.9M in 2022. 3 Diamond Mining in DRC 

DRC Exported 11.6M carats of Diamonds Worth $145.9M in 2022.

Constance
The Democratic Republic of Congo (DRC) exported more than 11.6 million carats of diamonds during the year 2022, informs a report from the Ministry of Mines. These exports generated a total amount of 145.9 million US dollars, the same source indicates. Total production in 2022 is 10.255 million carats. Compared to that of the year 2021 which was 12.973 million carats, there is a drop of 2.717 million carats, or 20.94%. Diamond production in the Democratic Republic of Congo (DRC) remains dominated by the artisanal sector with a production of around… Read More Here
Report Shows 6.12% Drop in Raw Gold Production in DRC for 2022 4 Gold Mining in DRC 

Report Shows 6.12% Drop in Raw Gold Production in DRC for 2022

Constance
The production of raw gold in the Democratic Republic of Congo (DRC) fell by around 1,922.97 kg, representing 6.12% of total annual production. This is what emerges from the statistical data published by the Congolese Ministry of Mines. According to the same source, the total production of raw gold in 2022 is 29,498.09 Kg against 31,421.05 Kg in 2021. During this period, industrial gold miners dominated the market with an estimated volume of 28,492.68 Kg of gold against 1,005 Kg of gold from artisanal mining. The Ministry of Mines specifies… Read More Here
Over 2.5 million tonnes of Copper Produced in DRC during 2022 5 Copper Mining in DRC 

Over 2.5 million tonnes of Copper Produced in DRC during 2022

Constance
The Democratic Republic of Congo (DRC) produced during the year 2022 a volume of 2.5 million tons of copper.  This is what emerges from the report of the Ministry of Mines which presents the general situation of the mining sector in the Democratic Republic of Congo (DRC). According to the same source, copper production in the country was estimated at around 1.7 million tonnes in previous years. This copper production has indeed experienced a marked increase in 2022. Regarding exports, the Ministry of Mines notes that the Democratic Republic of… Read More Here
Cobalt production in DRC hits 115,371.31 tonnes By the Close of 2022 6 Mining in DRC Cobalt 

Cobalt production in DRC hits 115,371.31 tonnes By the Close of 2022

Constance
According to official statistical data published by the Ministry of Mines, the Democratic Republic of Congo (DRC) produced 115,371.31 tons of cobalt during the year 2022. This production is up from its level in 2021, when it was estimated at around 93,010.53 tonnes. These statistical data also indicate that during the same period, the DRC exported 115,371.31 tons of cobalt against 93,010.53 tons for 2021. Considered in the automotive industry as one of the minerals of the energy transition, cobalt should go up at auction in the coming years, predict… Read More Here
Botswana and De Beers clash over Diamond profits and demand for larger share 7 Diamond International 

Botswana and De Beers clash over Diamond profits and demand for larger share

Constance
President Masisi of Botswana warned to end the relationship with South African diamond company, De Beers, if the ongoing sales agreement negotiations do not favor the country. The 2011 sales agreement governing the terms of marketing diamonds produced by Debswana – a 50-50 joint venture between the government and De Beers – expired in 2021. It has been extended by the parties, who cited the coronavirus outbreak as the reason for the delay in concluding negotiations, and will end on June 30, 2023. Speaking at a rally of his ruling… Read More Here
Abundant Copper Makes Zambia an Attractive Destination for Foreign Investors. 8 Copper Events & Expos Mining in Zambia 

Abundant Copper Makes Zambia an Attractive Destination for Foreign Investors.

Constance
This year’s African Mining Indaba marked the emergence of Zambia as a leading destination for capital, presenting a unique opportunity for investors. The conference serves as a stage for showcasing the potential and appeal of different countries in the eyes of investors. Under the leadership of President Hakainde Hichilema, a seasoned businessman, Zambia has been making a concerted effort to attract foreign investment since his August 2021 inauguration. The country’s efforts have been met with positive reception. In a recent interview, Neal Froneman, CEO of Sibanye-Stillwater, praised President Hichilema and… Read More Here
Ford plans to Build EV Battery plant in Michigan with Chinese partner 9 Battery Metals International 

Ford plans to Build EV Battery plant in Michigan with Chinese partner

Constance
Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. plan to build a battery plant in Michigan, according to people familiar with the matter, capping a months-long search that became mired in geopolitical tensions between the US and China. The multibillion-dollar facility, to be located about 100 miles west of Detroit, is expected to create about 2,500 jobs, said the people, who asked not to be identified because the plans aren’t yet public. The agreement could be announced as soon as next week, they said. Ford is moving ahead with… Read More Here
DRC Govt Plans to Implement Procedures Manual for Sale of Public Mining Company Assets 10 Mining in DRC News in Brief 

DRC Govt Plans to Implement Procedures Manual for Sale of Public Mining Company Assets

Constance
The Minister of State in charge of the Portfolio, Adèle Kayinda, submitted to the Council on Friday, February 10, the Draft Decree on the Manual of procedures relating to transactions on the mining assets of public companies in the Democratic Republic of Congo. This text of the law, the draft of which was adopted at this meeting of members of the government, aims, among other objectives, to guarantee:  (i) transparency and consistency in carrying out the transaction; (ii) the preservation of the interests of the State and the public enterprises concerned; (iii) the… Read More Here

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