Mining in DRC - Copperbelt Katanga Mining

U.S. Reaffirms Commitment to Lobito Corridor Investments

April 2, 2025April 2, 2025 Constance0 comment

The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed the U.S. Chargé d’Affaires in Angola and São Tomé and Príncipe during his visit to Huambo on Tuesday. James Story, after meeting with Governor Pereira Alfredo, stated that his three-day visit to the Lobito Corridor projects is part of an initiative that includes 16 ambassadors from various countries. This visit aims to demonstrate the U.S. government’s commitment to supporting the development of the Corridor, promoting prosperity for both the Angolan government and its people. “U.S.… Read More Here

Mining in DRC

U.S. and DRC Officials to Discuss Strategic Minerals and Countering Chinese Influence

April 1, 2025April 1, 2025 Constance0 comment

Aaron Poynton, President of the Africa-US Business Council (A-USA Business Council), has announced an upcoming visit by Congolese officials to Washington, D.C., for discussions on U.S.-DRC collaboration in strategic minerals. In a letter to Chris Smith, Chairman of the House Foreign Affairs Subcommittee on Africa, Poynton emphasized that the visit presents a unique opportunity to advance commitments that could redefine U.S. engagement in the region. Smith recently chaired a conference on “Metals, Minerals, and Mining: How the CCP Fuels Conflict and Exploitation in Africa.” Poynton is advocating for a meeting… Read More Here

Mining in DRC Gold

Insecurity Halts Operations of DRC Gold Trading Amid M23 Occupation

March 31, 2025March 31, 2025 Constance0 comment

DRC Gold Trading SA, a joint venture between the Democratic Republic of Congo and the United Arab Emirates, is no longer able to operate due to the growing insecurity in the region, worsened by the occupation of parts of South Kivu by Rwandan-backed M23 rebels. The company, founded in January 2023, had been pivotal in regulating the gold supply chain in the northeast region of the DRC, where artisanal gold mining is prevalent. DRC Gold Trading SA had a significant role in cleaning up the gold supply chain by reducing… Read More Here

Mining in DRC

Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025

March 30, 2025March 30, 2025 Constance0 comment

Kolwezi, Democratic Republic of Congo – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced today an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459… Read More Here

Mining in DRC

Minister of Mines Inaugurates Modernized CAMI Building to Strengthen DRC’s Mining Sector

March 30, 2025March 30, 2025 Constance0 comment

The Minister of Mines, Kizito Pakabomba, led the inauguration of the newly built provincial directorate of the Haut-Katanga Cadastre Minier (CAMI RDC) on Saturday. This significant event highlights the government’s ongoing efforts to modernize the infrastructure of the mining sector in the Democratic Republic of Congo, reinforcing its commitment to transparent, accountable, and equitable management of the country’s mineral resources. The new building represents more than just a physical structure; it reflects the government’s determination to equip the mining sector with effective tools to combat speculation, fraud, and bureaucratic delays… Read More Here

Mining in DRC Events & Expos

DRC Positions Itself as Key Player in Global Energy Transition at Strategic Mining Summit

March 30, 2025March 30, 2025 Constance0 comment

Chaired by His Excellency Guylain Nyembo, Deputy Prime Minister, Minister of Planning, and Chairman of the Executive Board of the EITI-DRC, a strategic meeting convened the key stakeholders of the Congolese extractive sector. Among those in attendance were His Excellency Kizito Pakabomba, Minister of Mines and Vice-President of the Executive Committee of the EITI-DRC; Mrs. O’Neige N’Sele Mimpa, Deputy Minister of Finance; as well as Cabinet members of the Head of State, Secretaries General of Public Administration, representatives from the Court of Auditors, and technical and financial partners. In his… Read More Here

Mining in DRC

DRC’s Mining Minister Condemns Fraudulent Exploitation of Natural Resources

March 30, 2025March 30, 2025 Constance0 comment

Democratic Republic of Congo (DRC) Minister of Mines Kizito Pakabomba has denounced illegal mining practices that undermine the national economy. Speaking in Kinshasa on Thursday, March 27, during a meeting with representatives of processing entities, he condemned the illicit exploitation of the country’s natural resources. “It is unacceptable that some entities continue to source from uncertified suppliers, promoting fraudulent exploitation that harms our economy and the environment,” Pakabomba stated. He also highlighted the challenges faced by artisanal miners, who are frequently exploited through unfair trade practices. Calling for stricter enforcement,… Read More Here

Mining in DRC Battery Metals Corporate News Lithium

Rio Tinto Eyes Roche Dure Lithium Mine Amid DRC Talks

March 30, 2025March 30, 2025 Constance0 comment

Rio Tinto has engaged in early discussions with the Democratic Republic of Congo (DRC) about developing the Roche Dure deposit into a lithium mine. Roche Dure is one of the world’s largest hard-rock lithium resources, making it a highly strategic asset in the global lithium market. Neither Rio Tinto nor the DRC’s Ministry of Mines has commented on the talks. Meanwhile, the DRC is also in discussions with the U.S. government over a potential minerals-for-security agreement aimed at countering a Rwanda-backed rebellion in its eastern provinces. California-based exploration company KoBold… Read More Here

Mining in DRC

DRC Imposes Record $4.3 Million Fine for Mining Transparency Violations

March 28, 2025March 28, 2025 Constance0 comment

As of January 1, 2025, individuals and entities in the Democratic Republic of Congo (DRC) face a $4.3 million fine for obstructing transparency and traceability in the mining sector. This penalty, outlined in Decision No. CAMI/DG/003/2024, was issued by the Mining Cadastre (CAMI) on December 16, 2024, marking the most severe enforcement action under the country’s amended Mining Code. Despite its significance, the ruling has received little public attention. The updated fines stem from Article 375 of the 2018 Mining Code, which mandates annual revisions of fines in foreign currency,… Read More Here

Mining in DRC

China’s Exploitation of DRC’s Minerals Sparks U.S. Intervention Calls

March 27, 2025March 27, 2025 Constance0 comment

In a strong critique of China’s mining operations in Africa, particularly in the Democratic Republic of Congo (DRC), Joseph Mulala Nguramo, a nonresident senior fellow at the Atlantic Council, accuses China of exploiting African mineral resources through corruption, poor governance, and human rights violations. Citing trade data, Mulala highlights that China-Africa trade volume stands at $282.1 billion, growing at about 1.5% annually. Despite this, China controls nearly 90% of the DRC’s mining sector while failing to support governance reforms or anti-corruption efforts. Instead, Mulala claims China actively engages in corruption… Read More Here