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Category: Cobalt

Tenke Fungurume Mining Accounts for Over 20% of DRC Mining Revenues in 2023 1 Mining in DRC Cobalt Copper Corporate News 

Tenke Fungurume Mining Accounts for Over 20% of DRC Mining Revenues in 2023

Constance
CMOC’s Tenke Fungurume Mining leads DRC mining revenue contributions with $1.1bn in 2023, EITI report shows Tenke Fungurume Mining (TFM), a subsidiary of the CMOC Group, contributed 20.47% of total mining sector revenues in the Democratic Republic of the Congo during the 2023 financial year. The figures were disclosed in the latest report by the Extractive Industries Transparency Initiative (EITI) for the Democratic Republic of the Congo, released in early 2026. According to the report, TFM generated approximately $1.1 billion in government revenues out of the $5.6 billion collected from… Read More Here
Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval 2 Mining in DRC Cobalt Copper Corporate News 

Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval

Constance
US Firm Virtus Minerals Secures Regulatory Approval to Restart Chemaf Mines, Boosting DRC’s Cobalt and Copper Production US-based Virtus Minerals announced it is moving to restart the Chemaf cobalt and copper mines in the Democratic Republic of Congo (DRC) after securing full regulatory approval. This marks the first acquisition of operating mines under the US–Congo minerals partnership, following a series of offtake agreements. Virtus stated that its immediate focus will be on inventory verification, technical and operational assessments, and restart planning across Chemaf’s asset portfolio, with timelines dependent on the… Read More Here
Glencore Bets on DRC Operations to Drive Copper and Cobalt Growth Strategy 3 Mining in DRC Cobalt Copper Corporate News 

Glencore Bets on DRC Operations to Drive Copper and Cobalt Growth Strategy

Constance
Glencore Expands Focus on DRC Copper and Cobalt Assets as It Targets 1 Million Tonnes of Copper Output by 2028 Glencore is intensifying its investment focus on the Democratic Republic of the Congo (DRC) as part of a long-term strategy to become one of the world’s leading copper producers without relying on large-scale mergers. The company recently ended merger discussions with Rio Tinto that could have created the world’s largest mining group. Instead, Glencore has opted to strengthen its balance sheet and sharpen its portfolio around high-demand transition metals, particularly… Read More Here
DRC Enforces Export Quota Deadlines to Stabilise Cobalt Supply 4 Mining in DRC Battery Metals Cobalt 

DRC Enforces Export Quota Deadlines to Stabilise Cobalt Supply

Constance
DR Congo Mining Regulator Orders Miners to Use 2025 Cobalt Export Quotas by April 30 or Forfeit Volumes The mining regulator of the Democratic Republic of the Congo has directed mining companies to utilise all outstanding fourth-quarter 2025 export quotas by April 30, warning that any unused volumes after that deadline will be forfeited and transferred to a strategic reserve. The regulator, Autorité de Régulation et de Contrôle des Marchés des Substances Stratégiques (ARECOMS), also confirmed that quotas allocated for the first quarter of 2026 can be shipped until June… Read More Here
EGC and Mercuria Partner to Transform Kasulo into Benchmark for Responsible Cobalt Mining 5 Mining in DRC Battery Metals Cobalt 

EGC and Mercuria Partner to Transform Kasulo into Benchmark for Responsible Cobalt Mining

Constance
EGC and Mercuria Sign Deal to Transform Kasulo into Global Benchmark for Responsible Artisanal Cobalt Mining in DR Congo Entreprise Générale du Cobalt (EGC) and Mercuria Energy Trading have signed a Memorandum of Understanding (MoU) to collaborate on the formalization and development of the Kasulo artisanal mining site in Kolwezi, alongside efforts to strengthen the associated cobalt supply chain. The agreement aims to establish what the partners describe as a “gold standard” model for artisanal and small-scale mining (ASM), positioning the Kasulo site as an international benchmark for transparency, sustainability,… Read More Here
DRC Advances Hydro-Metallurgical Copper and Cobalt Refinery Project in Lualaba Province 6 Mining in DRC Cobalt Copper 

DRC Advances Hydro-Metallurgical Copper and Cobalt Refinery Project in Lualaba Province

Constance
DRC and Buenassa Resources Partner on Copper and Cobalt Refinery in Lualaba Province The Democratic Republic of Congo (DRC) is advancing a major hydro-metallurgical copper and cobalt refinery project in Lualaba Province, following high-level discussions between the Mining Cadastre and Buenassa Resources Sarl. On Tuesday, March 17, Mr. Popol Mabolia, Director General of the Mining Cadastre, met with Mr. Eddy Kioni, Director General of Buenassa Resources Sarl, to discuss the project within the framework of the broader DRC-United States strategic partnership on critical minerals. Buenassa Resources Sarl is spearheading the… Read More Here
Tenke Fungurume Mining Rejects Environmental Report Findings 7 Mining in DRC Cobalt Copper Corporate News 

Tenke Fungurume Mining Rejects Environmental Report Findings

Constance
TFM Disputes EIA Report, Calls Allegations on Emissions and Health Impacts Inaccurate Tenke Fungurume Mining (TFM) has strongly rejected the findings of a report published on March 9, 2026 by the Environmental Investigation Agency (EIA), describing its conclusions as “factually inaccurate” and based on “unsupported assumptions.” In a formal statement, TFM said it had engaged openly with the EIA’s concerns, providing a written response on February 10 following earlier correspondence in January. The company, however, criticised the final report for failing to accurately reflect its submissions, arguing that this had… Read More Here
Cobalt Shortage Set to Persist as DRC Export Controls Tighten Global Supply 8 Mining in DRC Cobalt Economy 

Cobalt Shortage Set to Persist as DRC Export Controls Tighten Global Supply

Constance
Global Cobalt Supply Crunch to Continue Through 2030 as Democratic Republic of the Congo Export Restrictions Disrupt Market A global cobalt shortage is expected to persist through the end of the decade as export restrictions from the Democratic Republic of the Congo (DRC) continue to disrupt supply chains, according to trading firm Darton Commodities. Cobalt shipments from the DRC declined significantly in 2025 after the government imposed an export ban in February, followed by strict quotas in October. The country responsible for more than 70% of global cobalt supply introduced… Read More Here
DRC Moves to Approve Chemaf Sale to US Firm Virtus Minerals 9 Mining in DRC Cobalt Copper Corporate News 

DRC Moves to Approve Chemaf Sale to US Firm Virtus Minerals

Constance
Democratic Republic of the Congo Set to Approve Chemaf Sale to Virtus Minerals in Strategic US Critical Minerals Push The Democratic Republic of the Congo (DRC) is reportedly preparing to approve the sale of mining company Chemaf to US-based Virtus Minerals, a move that would advance a strategic minerals partnership between Washington and Kinshasa. According to sources cited by Bloomberg News, Congo’s Mines Minister, Louis Watum, informed Virtus that the government intends to clear the transaction. The approval would mark a significant step in the transfer of one of the… Read More Here
Africa’s Critical Minerals Gain Strategic Importance as Global Demand Intensifies 10 International Battery Metals Cobalt Lithium 

Africa’s Critical Minerals Gain Strategic Importance as Global Demand Intensifies

Constance
Africa’s Rare Earth and Strategic Minerals Attract U.S. Interest Amid Global Supply Chain Pressures Africa is increasingly emerging as a strategic source of rare earth elements and critical minerals as the United States seeks to secure alternative supply chains for materials essential to defense technologies and advanced industries. Rare earth elements are vital components in modern military systems, including missile guidance technologies, fighter aircraft, radar systems, and secure communications networks. As geopolitical tensions rise and military inventories are replenished, reliable access to these minerals has become a growing strategic priority.… Read More Here

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