Economy - Copperbelt Katanga Mining

DRC Finance Minister Nicolas Kazadi Refutes Deputy Alfred Maicha's Allegations on Primera RDC 1

The Minister of Finance of the Democratic Republic of Congo (DRC), Nicolas Kazadi, rejected outright the allegations of the national deputy Alfred Maicha on the Primera RDC file. Facing media professionals during the briefing organized on Monday August 28, 2023, Minister Kazadi explained that the creation of the Primera RDC joint venture is part of the high-level strategy for a dual objective: both to recover economic sovereignty , but also to fight against the mining fraud which fuels the armed conflicts in the East of the country. While refuting the… Read More Here

Mining in DRC Economy Governance

DRC President satisfied with Government’s efforts to support local entrepreneurship

August 30, 2023August 30, 2023 Constance

There are more and more public establishments dedicated to supporting entrepreneurship, particularly national micro-entrepreneurs in the Democratic Republic of Congo (DRC). The President of the Republic, Félix Tshisekedi, expressed his satisfaction with the efforts undertakenby the Government in the operationalization of public establishments dedicated to supporting local entrepreneurship, in particular national micro-entrepreneurs. During the meeting of the Council of Ministers held on Friday August 25, 2023, President Félix Tshisekedi indicated that the establishment of these structures dedicated to the promotion of entrepreneurship is in line with his desire to contribute… Read More Here

Copper Economy Mining in DRC

Copper to Trade Slightly Up at US8,269.60/Tonne This Week in DRC

August 30, 2023August 30, 2023 Constance

After several weeks of scarcity, the price of copper should register a slight increase during the period from August 28 to September 2, 2023. According to projections by the National Mercurial Commission of the Ministry of Foreign Trade, a ton of copper should sell this week at 8,269.60 USD against 8,232.45 USD a week earlier, a positive price difference. around $37.15. On Friday August 25, 2023, for the first time since the beginning of the current month, copper recorded a better trend in the market, driven by hopes of a… Read More Here

Mining in DRC Cobalt Copper Economy Tin

Tin Prices to Hit USD 25,430.00 per Tonne in DRC This Week

August 30, 2023August 30, 2023 Constance

The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward during the period from August 28 to September 2, 2023 on international markets. According to experts from the National Mercurial Commission of the Ministry of Foreign Trade, only copper and silver should experience a slight price increase respectively to 8,269.60 USD against 8,232.45 USD per tonne a week earlier, i.e. a positive price difference of around 37.15 USD for copper and 0.75 USD against 0.74 USD per gram for silver ore. In addition, tin… Read More Here

International Economy

Xi Jinping’s visit to South Africa builds new consensus on South-South cooperation

August 30, 2023August 30, 2023 Constance

Chinese President Xi Jinping’s trip to South Africa has strengthened the traditional friendship between China and Africa. At the same time, it has built a new consensus on South-South cooperation and added positive energy to peace and development. At least that’s what Wang Yi, member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs, said on Friday, August 25, 2023 on the sidelines of the 15th BRICS Summit. Taking advantage of this visit, he co-chaired with his South African counterpart Cyril Ramaphosa… Read More Here

Mining in DRC Battery Metals Cobalt Economy

Félix Tshisekedi Encourages better marketing of Cobalt ore

August 30, 2023August 30, 2023 Constance

Designated a crucial mineral propelling the shift toward sustainable energy, cobalt is witnessing a surge in demand across global industrial sectors. Despite this escalating demand, the Democratic Republic of Congo (DRC), responsible for producing 70% of the world’s cobalt, reaps a meager share of revenue from its raw cobalt exports. In the recent weekly assembly of the Council of Ministers convened on Friday, August 25, 2023, President Félix Tshisekedi of the Republic emphasized the urgency of introducing comprehensive measures to meticulously regulate cobalt marketing and amplify the income generated through… Read More Here

Economy International

China to Collaborate with African States for Enhanced Development Strategies

August 27, 2023August 27, 2023 Constance

China is ready to support Africa in strengthening the articulation of their development strategies. Within the framework of the Belt and Road Initiative and the Forum on China-Africa Cooperation (FOCAC) and in synergy with the AU Agenda 2063, China will strengthen dialogue and communication with the Africa at different levels and will support African integration institutions like the AfCFTA Secretariat, the Pan-African Payment and Settlement System and the African Broadcasting Union in establishing cooperation mechanisms with China. These are the assurances given by Chinese President Xi Jiping in his speech… Read More Here

International Economy

15th BRICS summit: South Africa Urges China for Economic Paradigm Shift

August 27, 2023August 27, 2023 Constance

After the failures noted in the Chinese economic approach relying on the development of infrastructure in underdeveloped countries in Africa following the “Belt and Road” initiative led by Chinese President Xi Jinping in 2013, several African countries have called China to reorient its economic paradigm towards the local industrialization of African countries. The announcement was reported by the head of African Affairs for China, Wu Peng, during a press briefing held on Tuesday, August 22, 2023, in South Africa, on the sidelines of the 15th BRICS summit. “African integration is… Read More Here

Economy Mining in DRC

China’s July 2023 Imports and Exports with BRICS Nations Surge by 19.1%

August 27, 2023August 27, 2023 Constance

In January-July 2023, China’s imports and exports with other BRICS members rose 19.1 percent year-on-year to 2.38 trillion yuan (about $330.62 billion). These data published by the General Administration of Customs of China were relayed by its Embassy in the Democratic Republic of Congo (DRC). According to the same source, trade between China and other BRICS countries amounted to 10.1 percent of China’s total foreign trade in the first seven months, up 1.6 percentage points. more than a year ago, according to Chinese customs authorities. China’s trade with other BRICS… Read More Here

Mining in DRC Economy Events & Expos

JM Sama Lukonde presents the DRC at 15ᵉ BRICS summit

August 25, 2023August 25, 2023 Constance

On the last day of the 15ᵉ BRICS Summit held in Johannesburg, South Africa and before the joint declaration sanctioning the end of these meetings, the Prime Minister, Jean-Michel Sama Lukonde Kyenge, intervened, this Thursday, August 24, 2023, before the Heads of State and Government members of this organization and of the invited countries, to deliver the speech of the Democratic Republic of Congo, on behalf of the President of the Republic, Félix-Antoine Tshisekedi Tshilombo. In his speech, the Congolese Head of Government first praised the “optimism” that characterizes the… Read More Here