Governance - Copperbelt Katanga Mining

U.S. Strengthens Partnership with DRC to Enhance Mineral Processing at UN General Assembly 1

During the 79th United Nations General Assembly, Félix Tshisekedi met with José W. Fernandez, U.S. Under Secretary of State for Economic Growth, Energy, and the Environment. The meeting, which took place on Monday, included the Congolese Minister of Mines, the Chairman of the Board of Directors of Gécamines, and a delegation from Buenassa, the company spearheading a project to construct a copper and cobalt refinery in Lualaba province. Mr. Fernandez reiterated the United States’ interest in investing in the Democratic Republic of the Congo (DRC) to foster a local industry… Read More Here

Mining in DRC Economy Governance

DRC Prime Minister Submits 2025 Budget Plan with Focus on Investments

September 22, 2024September 22, 2024 Constance

On Monday, September 16, Prime Minister Judith Suminwa presented three key draft laws to the National Assembly: the 2025 finance bill, the 2024 budget performance report, and an amended 2024 budget law. The proposed 2025 budget amounts to 49,847 billion Congolese francs (approximately $18 billion USD), reflecting a 21% increase over the 2024 budget of 40,986 billion Congolese francs. The Prime Minister explained that the budget takes into account global economic disruptions, such as the ongoing conflicts in Ukraine and the Middle East, as well as internal challenges like the… Read More Here

Mining in DRC Governance

Tshisekedi and IGF Chief Discuss Anti-Corruption and Revenue Mobilization

September 22, 2024September 22, 2024 Constance

On Wednesday, September 18, President Félix Tshisekedi received the Inspector General of Finance (IGF), Jules Alingete Key, at the African Union City. The meeting, according to the Presidency, focused on the ongoing fight against corruption, embezzlement of public funds, and other unethical practices within the government. Alingete, who leads the IGF’s efforts to combat financial misconduct, presented a report on the institution’s monitoring of state financial operations. Jules Alingete emphasized that President Tshisekedi’s “clear and precise” directives aim to strengthen the IGF’s role in supporting the mobilization of public revenue.… Read More Here

Mining in Zambia Governance Mining Policy

Zambian Govt and Mining Companies Seek Resolution Over Proposed Mineral Rights Legislation

September 22, 2024September 22, 2024 Constance

Zambian mining companies have engaged in discussions with the government to address concerns over a proposed legal amendment that could grant the state a larger share of the country’s mineral resources. The draft legislation, currently under consideration in Zambia’s parliament, would allow the government to “acquire mining rights for investment.” This would enable the state to purchase a stake in a mining area before an exploration license is issued and retain ownership after a discovery is made and the site is developed. The Zambia Chamber of Mines, whose members include… Read More Here

Mining in DRC Governance

President Tshisekedi Launches Mineral Certification System for Better Resource Management

September 15, 2024September 15, 2024 Constance

On September 9, 2024, President Félix Tshisekedi initiated a groundbreaking project aimed at improving the management of natural resources in the Democratic Republic of Congo (DRC) by introducing a certification system for mineral reserves. This was announced during the first extraordinary meeting of the Council of Ministers. The certification system marks a major step toward transparency and traceability in the mining sector, which plays a vital role in the country’s economy. The system will ensure that each allocated mining concession is cataloged and assessed according to international standards, promoting fair… Read More Here

Mining in Zambia Copper Economy Governance

President Hichilema Hails Three Years of Progress, Highlights Key Achievements

August 21, 2024August 21, 2024 Constance

President Hakainde Hichilema has hailed his three years in office as a success, emphasizing significant achievements across various sectors due to dedicated efforts. Among the accomplishments highlighted are the revitalization of key mining operations, including Mopani Copper Mines, Konkola Copper Mines (KCM), and Shaft 28 in Luanshya. The President made these remarks during an interaction with the public and journalists at Simon Mwansa Kapwepwe International Airport in Ndola. His visit to the Copperbelt Province is part of a two-day working tour. Earlier, President Hichilema met with UPND Bwana Mukubwa Party… Read More Here

Mining in DRC Economy Governance Partnership

ARSP and FOGEC Unite to Strengthen Congolese Entrepreneurship and Middle-Class Growth

August 20, 2024August 20, 2024 Constance

In a recent working session, leaders from two key public institutions under the Ministry of Industry and SME Development—ARSP (Regulatory Authority of Subcontracting in the Private Sector) and FOGEC (Entrepreneurship Guarantee Fund in Congo)—met to discuss their roles in supporting the growth of a genuine Congolese middle class. The meeting focused on practical strategies to empower local entrepreneurs and ensure the successful implementation of projects, aligning with President Félix Tshisekedi’s vision of job creation and economic development. The discussion included the FOGEC royalty on the subcontracting market, a critical topic… Read More Here

Mining in DRC Economy Gold Governance

Kizito Pakabomba Visits Kibali Gold Mine to Inaugurate New Projects

July 31, 2024July 31, 2024 Constance

The Minister of Mines, Kizito Pakabomba, was enthusiastically welcomed to Kibali Gold Mine, one of the largest gold mines in Africa. Located in the north-east of the Democratic Republic of Congo (DRC), about 220 kilometers from the town of Isiro, the visit marks a significant milestone for the region. The primary purpose of Minister Pakabomba’s visit was to inaugurate new projects funded by the allocation of 0.3% of the mine’s minimum turnover. This allocation underscores the mine’s commitment to reinvest in local infrastructure and community development. During the visit, Minister… Read More Here

Mining in DRC Governance Regional conflict

Prime Minister Judith Suminwa Addresses Security Challenges in North Kivu

June 30, 2024June 30, 2024 Constance

Prime Minister Judith Suminwa Tuluka convened in Goma, the capital of North Kivu province, on the evening of Wednesday, June 26, 2024, where she addressed a gathering of representatives from the active forces following a lengthy Provincial Security Council meeting. In her address, Prime Minister Suminwa reaffirmed the government’s commitment to bolstering the Armed Forces of the Democratic Republic of Congo (FARDC) to tackle the challenges posed by armed groups and Rwandan aggression through its proxies, such as the M23 rebellion. “I extend my tribute not only to our soldiers… Read More Here

Mining in DRC Governance

Govt of DRC Advances SDG Acceleration Roadmap

June 30, 2024June 30, 2024 Constance

In a pivotal session during the 3rd Council of Ministers meeting on Friday, June 28, 2024, Guylain Nyembo, Vice Prime Minister and Minister of Planning and Development Aid Coordination, detailed efforts to finalize the roadmap for accelerating the Sustainable Development Goals (SDGs) in the Democratic Republic of Congo. Led by the Congolese Sustainable Development Observatory, the initiative aims to address bottlenecks hindering SDG implementation effectively and sustainably. Nyembo emphasized that the roadmap targets specific interventions across six key axes to expedite progress towards achieving the SDGs by 2030. The plan,… Read More Here