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DRC's 2022 Tin Export Surge,32,000 Tons Sold for $428.8 Million 1 Mining in DRC Tin 

DRC’s 2022 Tin Export Surge,32,000 Tons Sold for $428.8 Million

Constance
Tin exports in 2022 are valued at 32,854 tons for an estimated market value of USD 428.8 million, according to statistics from the Ministry of Mines of the Democratic Republic of Congo. Of this volume of tin exported, 24,307 tons come from industrial exploitation and generated revenues of around 318.9 million USD. As for the artisanal exploitation, it exported 8,546 tons bringing in 109.8 million USD during the year 2022. In the Democratic Republic of the Congo, tin is produced in the two Kivus, in Maniema and in Katanga. Among… Read More Here
UAE and Belgium Imported 96% of Diamonds from DRC in 2022 2 Mining in DRC Diamond 

UAE and Belgium Imported 96% of Diamonds from DRC in 2022

Constance
During the year 2022, the Democratic Republic of Congo exported 11 million 683 439 carats of diamonds for an estimated value of 145 million 992 914 USD, inform the statistics of the Ministry of Mines. At the forefront of the recipients of the diamond produced in the DRC is the United Arab Emirates in terms of quantity. This country imported in 2022 5 million 846 263 carats of diamonds from the DRC for a value of 67.9 million USD. The second largest importer of Congolese diamonds is Belgium with 5 million… Read More Here
DRC's Tin Exports Outperform Diamonds, Bringing in $428 Million in 2022 3 Mining in DRC News in Brief 

DRC’s Tin Exports Outperform Diamonds, Bringing in $428 Million in 2022

Constance
The tin industry generates more revenue in the Democratic Republic of Congo than that of diamond mining. In 2022, the 32,854 tons of tin exported brought in 428.8 million USD to economic operators in the sector, according to statistics from the Ministry of Mines of the Democratic Republic of Congo. On the other hand, in the diamond sector, the 11 million 683 439 carats of diamonds exported in 2022 brought in only 145.9 million USD. In other words, the tin industry brings in three times more income than the diamond industry… Read More Here
DRC's Mines Minister Emphasizes Global Approach to Energy Security at Indaba 2023 4 Events & Expos Mining in DRC Mining safety 

DRC’s Mines Minister Emphasizes Global Approach to Energy Security at Indaba 2023

Constance
The Congolese Minister of Mines, Antoinette N’Samba Kalambayi, called on the investment community in South Africa and around the world to grasp the issue of energy security in a globalizing dimension in relation to the triptych “Security-Stability- supply “.  It was during a business dinner organized on Wednesday, February 8, 2023, under the theme “the Congolese mineral industry at a time of security, energy and innovation challenges” during the Indaba Mining Forum 2023 in Cape Town in South Africa. The Congolese Minister of Mines considers inhuman the extraction of minerals… Read More Here
Congo's Largest Bank Expects Mining Loan Portfolio to Surpass $1 Billion 5 Mining in DRC Cobalt Copper 

Congo’s Largest Bank Expects Mining Loan Portfolio to Surpass $1 Billion

Constance
Rawbank Sarl, based in Kinhsasa, predicts that its lending to the Democratic Republic of Congo’s mining industry will surpass $1 billion this year, with an increase of over 20%, fueled by growing demand and strong prices for the country’s strategic minerals. The bank’s mining loan portfolio increased to $820 million in 2022, nearly doubling its credit offerings from the previous year, according to Etienne Mabunda, commercial director at Rawbank Sarl. The loans include credit to mining companies, subcontractors, and salaried workers at large firms. High mineral prices and a recent… Read More Here
Panama says negotiations with First Quantum making headway 6 International Copper 

Panama says negotiations with First Quantum making headway

Constance
Panama’s government said negotiations with First Quantum Minerals about agreeing on a contract governing the company’s Cobre Panama copper complex have shown signs of progress this week. The country’s Minister of Commerce and Industry Federico Alfaro’s comments, are the latest development in a long-drawn-out dispute over control of one of the world’s largest new copper mines. “We have advanced,” Alfaro said after an event to inaugurate the new board of the Panamanian exporters association (APEX) in Panama City. It is also a slight, but certain change of tone in the… Read More Here
African Mining can make the most of Energy Transition 7 Energy Events & Expos International 

African Mining can make the most of Energy Transition

Constance
With the global energy transition gathering pace, it is imperative that African mining keeps up with the rapidly growing demand for commodities – both to responsibly develop the continent’s economies and to avoid the negative impact of market imbalances. Speaking at the Investing in African Mining Indaba in Cape Town this week, SRK Consulting managing director Andrew van Zyl said it was clear that key energy technologies were mineral-intensive, and would demand considerably higher production levels of many commodities. While mining countries could reap the benefits of this demand, there… Read More Here
Leading Copper Cathode Exporters in DRC: SICOMINES, KCC, and TFM in 2022 8 Copper Mining in DRC 

Leading Copper Cathode Exporters in DRC: SICOMINES, KCC, and TFM in 2022

Constance
Of the forty copper mining companies operating in the Democratic Republic of Congo, there is a top three that is in pole position in production. In FY 2022, SICOMINES, KCC and TFM were the three largest producers and exporters of copper cathodes in the DRC with 247,696 tons respectively; 214,993 tons; and 127,055 tons. These three mining companies therefore exported, on their own, 589,744 tons of copper cathodes in 2022 out of an export volume of the mining industry estimated at 1 million,774,550 tons of copper cathodes, or 33.2%. It should be… Read More Here
Ivanhoe Mines Seeks Partner for Increased Copper Mining in DRC 9 Copper Mining in DRC 

Ivanhoe Mines Seeks Partner for Increased Copper Mining in DRC

Constance
Ivanhoe Mines is in talks with potential partners to develop copper assets in the Democratic Republic of Congo (DRC), as the world faces a global copper shortage, fueled by new challenges for supply flows and a increased demand. “We’re in all kinds of strategic discussions and you know, most of the most interesting investors tend to be sovereign investors,” Ivanhoe Mines founder Robert Friedland told Bloomberg TV. “We only want to do things that help him grow.” The shift to decarbonization will require large amounts of copper to produce electric vehicles… Read More Here
Commodity Trader Trafigura Loses $577M in Nickel Fraud Scandal 10 Battery Metals International 

Commodity Trader Trafigura Loses $577M in Nickel Fraud Scandal

Constance
Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought didn’t contain the nickel they were supposed to. Trafigura has spent the past two months uncovering what it believes is a systematic fraud against it. It has started legal action against Indian businessman Prateek Gupta and several companies connected to him including TMT Metals and subsidiaries of UD Trading Group, Trafigura said in a statement. The missing nickel is a blow for the company that has grown rapidly in the past decade… Read More Here

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