Coltan - Copperbelt Katanga Mining

CMOC Group Anticipates Easing Cobalt Supply Pressure in H2 2024

August 29, 2024August 29, 2024 Constance

China’s CMOC Group, the world’s largest cobalt producer, expects cobalt supply pressures to ease in the second half of 2024. Cobalt, essential in batteries and alloys, has seen prices plummet to near an eight-year low due to a surge in production outpacing demand, according to Fastmarkets data. CMOC forecasts that global supply growth will gradually stabilize. “Global cobalt resources are concentrated, and after the current supply surge, no significant new resources are expected for a long time,” CMOC stated while announcing a record first-half profit. “This should support medium- and… Read More Here

Mining in DRC Coltan

Coltan Traffickers Caught in Goma Amid Crackdown on Illegal Mineral Trade

August 26, 2024August 26, 2024 Constance

As part of the “Safisha Muji wa Goma” operation, seven packages of coltan, a key mineral used in the production of electric batteries, were seized on Saturday by the National Intelligence Agency (ANR) in collaboration with security forces in Goma, North Kivu. The seizure marks a significant victory in the fight against the illegal mineral trade that fuels conflict in the Democratic Republic of Congo (DRC). According to Congolese National Radio and Television (RTNC), the 350kg of coltan originated from Rubaya in Masisi territory and was en route to Rwanda… Read More Here

Mining in DRC Coltan Economy

Experts Advocate for Local Processing of Kivu Coltan to Boost Economic Gains

July 30, 2024July 30, 2024 Constance

During the presentation of the project “Kivu Coltan: Physico-Chemical Processing Capacity and Application Studies” last weekend at the Higher Pedagogical Institute of Bukavu (ISP/BUKAVU) in South Kivu, Professor Fabrice Muvundja urged experts to advocate for local industrialization to enhance value-added exports. In his speech, Professor Muvundja highlighted the lack of scientific research on Kivu coltan, despite its significant contribution to the regional economy for nearly twenty-four years. “Kivu coltan has been a cornerstone of the regional economy since the 2000s. We have recognized its value for the national economy, yet… Read More Here

Mining in DRC Coltan Regional conflict

DRC Forces Push to Reclaim Key Mining Town from M23 Rebels

May 24, 2024May 24, 2024 Constance

The armed forces of the Democratic Republic of Congo (FARDC) have launched multiple assaults this week, in collaboration with the youth militia group Wazalendo, to retake the mining town of Rubaya from the M23 rebels, who are reportedly supported by Rwanda. Local sources indicate that intense fighting is currently underway in Runigi, less than 10 km from Rubaya in Masisi territory, between loyalist forces and the rebels. Reports to MINES.CD confirm that Wazalendo resistance fighters have regained control of the village of Somikivu in Rutshuru territory and are advancing on… Read More Here

Mining in DRC Coltan Regional conflict

North Kivu: Coltan Price Soars from $30 to $70 Amid M23 Rebel Control of Rubaya

May 15, 2024May 15, 2024 Constance

Since the rise of the M23 rebels, supported by Rwanda, to control the mining town of Rubaya in North Kivu province, the cost of mining activities has significantly increased. According to local civil society, since the M23 rebels took over Rubaya, the price of a kilogram of coltan has soared from $30 to $70. Additionally, the daily wage for a digger has jumped from 10,000 Congolese francs (CDF) to 30,000 CDF. “1 kg of coltan, which sold for $30, now even raw sand sells for $70 per kilo. We believe… Read More Here

Mining in DRC Cobalt Coltan Regional conflict Tin

Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya

May 3, 2024May 3, 2024 Constance

Opposition figure Martin Fayulu has condemned the presence of the Rwandan army alongside M23 militants in the mining town of Rubaya, located in the Masisi territory of North Kivu province. Fayulu, expressing his criticism via his X account, accused the Rwandan M23 army of controlling Rubaya, suggesting Rwanda’s increased access to Congolese coltan. Amidst this, Fayulu highlighted the plight of Congolese citizens affected by floods in Kalemie and Uvira, denouncing the government’s apparent lack of assistance and expenditure on unnecessary trips. Rubaya, known for its rich mineral resources including coltan,… Read More Here

Mining in DRC Coltan Regional conflict Tin

M23 Rebels Seize Control of Coltan Mining Town in Eastern DRC

May 2, 2024May 2, 2024 Constance

M23 rebels in the eastern Democratic Republic of Congo have captured Rubaya, a vital mining town known for its coltan reserves, following days of intense conflict, according to a rebel spokesperson. Eastern Congo has endured violence since the 1990s, fueled by struggles over identity, ethnicity, and resources, resulting in millions of deaths and the emergence of numerous armed groups. Willy Ngoma, the spokesperson for the Tutsi-led M23 militia, stated that they had taken control of Rubaya in North Kivu province after confronting other armed factions, including the Forces for the… Read More Here

Mining in DRC Coltan

Rwanda Leads Coltan Exports Amidst Concerns of Resource Exploitation in DRC

April 13, 2024April 13, 2024 Constance

Over the past decade, Rwanda has consistently emerged as the world’s top exporter of coltan on five occasions, according to data compiled by the ECOFIN agency. In 2023 alone, Rwanda exported 2,070 tonnes of coltan, surpassing the Democratic Republic of Congo’s (DRC) export volume of 1,918 tonnes. Despite Rwanda’s recurrent dominance in recent years, the DRC remains the primary supplier of coltan, with cumulative export figures of 17,330 tonnes compared to Rwanda’s 15,374 tonnes over the past decade. Coltan, a crucial mineral in the tech industry for devices like computers… Read More Here

Mining in DRC Coltan

Declining Trends in DR Congo’s Mining Exports Raise Concerns for Government Revenue

October 22, 2023October 22, 2023 arnbethnic

The overall trend of mining products exported from the Democratic Republic of Congo (DRC) has been downward during the period from October 16 to 21, 2023, on international markets. According to data provided by the National Price Commission, a division of the DRC’s Ministry of Foreign Trade, tantalum is expected to experience a significant price drop of approximately 23%, trading at $227 per kg this week compared to $296 per kg the previous week. During the period from October 16 to 21, 2023, several other mining products exported from the… Read More Here

Coltan Mining in DRC

Discovery of pyrochlore, a mineral more expensive than coltan, looted by Rwanda and Uganda from the DRC

December 6, 2022December 6, 2022 arnbethnic

More than 120 people were killed by the M23 rebels during the massacre of November 29, in Kishishe, a locality of Rutshuru territory (North Kivu) in the eastern Democratic Republic of Congo. The Congolese government is furious, accusing the Kigali regime of supporting the M23 to unfairly occupy its territories. According to Julien Paluku, the DRC Minister of Industry, the progression of the M23 in Kishishe aims to control natural resources of the Mining and Industrial Company of Kivu (SOMINKI) to extract minerals from the Congo, specifically pyrochlore which contains niobium,… Read More Here