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DRC exported 28,264 Kg of Gold in 2022 for a value of 1.1 billion USD 1 Gold Mining in DRC 

DRC exported 28,264 Kg of Gold in 2022 for a value of 1.1 billion USD

Constance
The Democratic Republic of Congo exported in 2022 a volume of 28,264 kg of gold for a value of 1 billion 102.4 million USD, according to statistics from the Ministry of Mines. In the gold mining sector in the DRC, Kibali has a virtual monopoly and remains the largest producer and exporter of industrial gold in the country. In 2022, Kibali Gold Mines exported 28,216 Kg of gold against 47 Kg for MCCR. Read More Here
Lucapa 171 carat diamond Diamond Mining in DRC 

Diamond Exports from the DRC Generate 145 Million USD 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. Compared to the category of exported diamond, there are 9 million 947 242 carats of industrial diamond for a value of 83 million 187 267 USD against 1 million 736 196 carats of jewelry diamond for a value of 62.8 million USD. The DRC exported most of its diamonds to Belgium for a value of 72 million… Read More Here
AFD to Provide €41 Million for 6 MW Photovoltaic Plant in Kabinda 2 Electricity Energy Mining in DRC 

AFD to Provide €41 Million for 6 MW Photovoltaic Plant in Kabinda

Constance
The French Development Agency (AFD) announces the mobilization of an amount of 41 million euros for the construction works of the photovoltaic power plant of 6 megawatts in the city of Kabinda, capital of the province of Lomami. The announcement was made to the provincial authorities on Tuesday, February 7, 2023, by an AFD delegation led by its Deputy Director, Giani Saterna. According to him, the French Development Agency has agreed to increase, to increase its commitments for the Democratic Republic of Congo (DRC). And among the priority sectors are notably… Read More Here
ERG to Invest $1.8 Billion in Doubling Copper and Cobalt Production in Africa 3 Copper Cobalt Mining in DRC 

ERG to Invest $1.8 Billion in Doubling Copper and Cobalt Production in Africa

Constance
Eurasian Resources Group (ERG), a mining company supported by Kazakhstan, has announced its plan to invest $1.8 billion in doubling its African copper and cobalt production. The expansion in the Democratic Republic of Congo is expected to take place over a four-year period, and is driven by the increasing demand for metals necessary for the transition to green energy. The CEO, Benedikt Sobotka, believes that the rise in demand for battery materials as more electric vehicles are produced puts ERG in a favorable position. ERG currently produces 200,000 tons of… Read More Here
Glencore reopens Peru Copper mine with extra Security 4 Copper International 

Glencore reopens Peru Copper mine with extra Security

Constance
Glencore (LON: GLEN) has resumed operations at its vast Antapaccay copper mine in Peru, which remained shut for 11 days on security concerns following violent attacks by locals. The mine closed on January 20  after the third attack on the site in a month. The company reopened the operation on January 31 with “increased security” after some of the protests waned, a spokesman for the miner and commodities giant said. Antapaccay is one of Peru’s largest mines, producing nearly 136,000 tonnes of copper between January and November 2022. Peru, the world’s No.… Read More Here
Mantashe and Ramaphosa give miners Energy assurance 5 Energy Events & Expos International 

Mantashe and Ramaphosa give miners Energy assurance

Constance
The annual Investing in African Mining Indaba is usually prominent for creating dialogue on licensing policies and investment opportunities across the continent. However, this year’s agenda has been centered around South Africa’s energy crisis. Kickstarting the conference, minister in the Department of Mineral Resources and Energy, Gwede Mantashe, has endorsed the procurement of emergency or short-term power from existing facilities and other private power plants. Additionally, South Africa will be able to purchase additional electricity from neighbouring countries which can be unblocked in the short to medium term. Locally, Mantashe… Read More Here
Artisanal Cobalt Mines Vital to Global Production 6 Battery Metals Cobalt Mining in DRC 

Artisanal Cobalt Mines Vital to Global Production

Constance
Cobalt buyers must push for reforms to regulate the operations of artisanal mines in the Democratic Republic of Congo, as they are crucial in meeting the growing demand for the metal used in electric vehicles and consumer electronics, according to a new report. A paper published by the Geneva Center for Business and Human Rights and the NYU Stern Center for Business and Human Rights stated that cobalt buyers face a challenge when trying to differentiate between the production from industrial mines and the significant output from artisanal small-scale mining… Read More Here
Africa gears up to keep more of the Profits from Lithium boom 7 Battery Metals International 

Africa gears up to keep more of the Profits from Lithium boom

Constance
Lithium-rich African countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries to capture more of the profits of global demand for battery material. As the auto industry shifts towards electric vehicles (EVs) – spurred by proposed bans on fossil-fuel cars beginning at the end of the decade – lithium prices and demand have soared. China, the world’s top lithium refiner, and a leading producer dominates the supply chain, but Western governments and international companies are trying to challenge that and see Africa’s lithium reserves as an… Read More Here
Load Shedding to Come to an End says ZESCO 8 Electricity Mining in Zambia 

Load Shedding to Come to an End says ZESCO

Constance
Zambia Electricity Supply Company Brings an End to Load Shedding with a Commitment to Uninterrupted Power Supply According to the Managing Director of ZESCO, Victor Mapani, the country will no longer have to endure load-shedding. Mapani declared that both households and companies can now expect a steady flow of 24-hour electricity. The successful implementation of various measures, such as the restoration and upgrading of power stations, has made this possible. The Victoria Falls power station has undergone significant improvements, with 20 megawatts now being fed into the National Grid. Additionally,… Read More Here
Tshisekedi Hails DRC's Mining Potential at Indaba 2023 9 Mining in DRC Events & Expos 

Tshisekedi Hails DRC’s Mining Potential at Indaba 2023

Constance
In the era of energy transition, the automotive industrial world is increasingly turning to more appropriate technologies to protect the planet against the harmful effects of climate change. Speaking on Tuesday, February 7, 2023, at the podium of the great African forum Mining Indaba 2023) which is being held in Cape Town in South Africa, the President of the Democratic Republic of Congo, Félix Tshisekedi, praised the mining potential of his country. According to President Félix Tshisekedi, in this period of climate change, his country is proving to be a… Read More Here

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