Governance - Copperbelt Katanga Mining

DRC Prime Minister Resigns to Assume Legislative Role

February 21, 2024February 21, 2024 Constance

In a surprising turn of events, Prime Minister Jean-Michel Sama Lukonde of the Democratic Republic of Congo (DRC) has tendered his resignation to President Félix Tshisekedi. This decision comes just eight days after the validation of his mandate as a national Deputy, signaling a swift transition from executive to legislative responsibilities. Under the unique electoral provisions of the DRC, government officials who are elected as National Deputies are granted an 8-day window to decide whether to accept their elected posts. As the deadline approached on Tuesday, February 20th at midnight… Read More Here

Mining in DRC Governance

DRC and China Settle 16-Year Mining Dispute with $5.8 Billion Deal

February 12, 2024February 12, 2024 Constance

A rift between China and the Democratic Republic of Congo has been averted owing to the intervention of the Congolese government. The Congolese government noted that it recently resolved the controversial mining deal between it and China. The contentious deal had felt like it would sour the relationship between both countries. A report by the East African showed that DRC government officials disclosed recently that open talks with Beijing led to the new agreement. It happened sixteen years after the two parties signed “the contract of the century,” as described… Read More Here

Mining in DRC Governance

Ivanhoe Mines Extends Congratulations to DRC President Félix Tshisekedi on Re-Election and Inauguration

January 24, 2024January 24, 2024 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete, have extended their congratulations to His Excellency Félix Tshisekedi on his re-election and inauguration as the President of the Democratic Republic of the Congo. Ivanhoe Founder and Executive Co-Chairman Robert Friedland commented: “On behalf of Ivanhoe Mines, we extend our congratulations to His Excellency Mr. Tshisekedi on winning a second term. This is the nation’s fourth successful election since the turn of the century, which is a positive sign of the ongoing development of… Read More Here

Mining in DRC Governance

PRESIDENT FÉLIX TSHISEKEDI OFFICIALLY SWORN IN

January 23, 2024January 23, 2024 Constance

On Saturday January 20th 2024, President Félix Tshisekedi officially took office for a second five-year term at the head of the Democratic Republic of Congo (DRC). He was sworn in before the Constitutional Court during a solemn public and mobile session held at the Stadium of the Martyrs of Pentecost. After the ecumenical prayer, the Head of State swore before God and the nation, among other things, “to observe and defend the Constitution and the laws of the Republic, to maintain its independence and the integrity of its territory, to… Read More Here

Mining in Zambia Economy Governance

Zambia’s President to Prioritize Local Ownership in Mining Licenses with New Law

January 18, 2024January 22, 2024 Constance

In a recent announcement, President Hakainde Hichilema outlined key initiatives to strengthen Zambia’s governance and economic empowerment. The President declared the forthcoming introduction of a law aimed at preventing the sale of mining licenses to foreigners, emphasizing the government’s commitment to empowering Zambians with ownership of mining operations. Addressing the challenges in the public procurement process, President Hichilema disclosed plans for a new law in 2024 to address delays and corruption surrounding tenders. Additionally, he highlighted the impending review of the Electronic Government Procurement System (EGPS) to ensure broader citizen… Read More Here

Mining in DRC Economy Governance

DRC’s Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume

January 1, 2024January 1, 2024 arnbethnic

At the end of November 2023, the volume of trade between the DRC and the rest of the world increased by 6.87% compared to the corresponding period of 2022. The trade balance showed a surplus of 3,153.96 million USD compared to that of 3,146.26 million recorded at the end of November 2022. Relative to GDP, this surplus represents 4.60% against 4.78% in 2022. This development is essentially due to the more pronounced increase in imports compared to that of exports, from one year to the next. Indeed, exports increased by… Read More Here

Mining in DRC Governance

Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC’s Presidential Showdown!

January 1, 2024January 1, 2024 arnbethnic

Re-elected with 73% of the votes, Félix Tshisekedi has 5 years to consolidate the achievements of the first five-year term. At 4:02 PM (1 hour later in the eastern provinces of the DRC), under the daylight, the president of the CENI, Denis Kadima, began reading decision 130 of the CENI proclaiming the provisional results of the presidential election on December 20, 2023. Surrounded by members of the electoral commission, Denis Kadima indicated that candidate Felix Tshisekedi received a total of 13 million votes out of 18 million voters, representing 73%… Read More Here

Mining in DRC Governance Mining Policy

According to the DRC elections body, CENI, 64,196 polling stations opened out of the 75,478 planned

January 1, 2024January 1, 2024 arnbethnic

The results of the presidential election published Sunday afternoon by the CENI firstly reveal the significant gap between the different candidates. With 73%, Félix Tshisekedi is far ahead of his direct rival Moïse Katumbi, who reaches 18%. These two candidates stand out as the only ones to exceed the one million vote mark. Félix Tshisekedi is in the lead with more than 13 million 200 thousand votes, followed by the former governor of Katanga with 3 million 200 thousand votes. In third position, Martin Fayulu received just over 960,000 votes, representing 5%. The… Read More Here