Category: Diamond

Diamond production increased significantly during 2022 in the Democratic Republic of Congo (DRC). According to data provided by the Central Bank of Congo (BCC), mining industries opening in the Democratic Republic of Congo produced more than 17.7 million carats of diamonds during the year 2022. The same source indicates that for the whole of 2021, the diamond production sector (industry and crafts) had produced a production of around 12,179 million carats. By comparing the two periods taken into account by the experts of the Central Bank of Congo (BCC), there… Read More Here

The Bakwanga mining company (MIBA) held a workshop in Kinshasa on Friday, January 6th to discuss its recovery plan. MIBA has been facing serious difficulties for the past two decades, with production coming to a halt in November 2008 and only resuming at a low level in 2011. The recovery plan, estimated at 453 million USD, is set to be implemented over the course of five years, and includes an investment plan of 161 million USD that will be carried out over three years. According to the participants of the… Read More Here

The Bakwanga mining company (MIBA), formerly a cornerstone of the Congolese economy, has seen a dramatic decline in production. In 1990, MIBA produced 9,556,436 carats, but by 2020, this number had fallen to just 38,788 carats. Additionally, the number of carats sold fell from 9,650,480 in 1990 to only 14,471 in 2020. This has led to a decrease in revenues from USD 102,573,220 in 1990 to just USD 480,000 in 2020. MIBA is also facing other challenges, including a steadily declining diamond turnover that made up only 3.94% of the… Read More Here

The Democratic Republic of Congo (DRC) produced 16,685 million carats of diamonds from January 1 to November 30, 2022. These data were published by the Central Bank of Congo (BCC) in its summary of statistical information for the month of November 2022. According to this document from the BCC, the production of diamonds in 2022 is increasing sharply during this year. In 11 months of the current year, the industrial sector of the Democratic Republic of Congo produced only 6.964 million carats of diamonds against 4.065 million carats last year.… Read More Here

The DRC government has exercised the option of no longer injecting money sporadically into MIBA, taking into account recent experiences where funds poured into this company from the state portfolio have yielded nothing. For the Sama Lukonde Government, it is rather necessary to implement a global MIBA recovery plan estimated at more than 161 million USD. “As regards the relaunch of MIBA, I myself immersed myself in the dilapidated state of its production tool during my last stay in Mbuji-Mayi. The Government’s vision for this company, as for other public companies in… Read More Here

The mining industry in the Democratic Republic of Congo (DRC) produced around 12,923 carats of diamonds in the first eight months of 2022. These statistical data are provided by the Central Bank of Congo (BCC) in its Summary of statistical information published in October 2022. According to this report, diamond production during this year is down compared to the year 2021 when production stood at 35,727 carats. Artisanal diamond production in the DRC continues to take over industrial production with a production volume of around 7,322 carats in August 2022… Read More Here