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Category: Mining in DRC

Central Bank of Congo Reports Mixed Trends in Commodity Prices for December 2024 1 Mining in DRC Economy 

Central Bank of Congo Reports Mixed Trends in Commodity Prices for December 2024

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The Central Bank of Congo (BCC), in its economic report for the second week of December 2024, highlighted varied price trends for major commodities as of December 12, 2024. Key Commodities Performance International food commodity prices generally showed a downward trend: The BCC report underscores the diverse performance of raw materials, with some commodities like gold and copper maintaining year-on-year growth, while others like cobalt and staple foods have seen declines. These trends reflect shifting global market dynamics and their impact on the DRC’s economy. Read More Here
Nioka Mining Site Freed from Illegal Occupation by Artisanal Miners 2 Artisanal mining Mining in DRC 

Nioka Mining Site Freed from Illegal Occupation by Artisanal Miners

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After two weeks of illegal occupation, the Nioka mining site was finally liberated on Thursday, December 19, 2024, following the deployment of the Armed Forces of the Democratic Republic of Congo (FARDC). The operation’s success was confirmed by multiple media outlets in Lualaba. While police intervention led to violent clashes, sources report that the artisanal miners voluntarily vacated the site after demolishing the walls of the fence. The FARDC had been stationed in the area on orders from the provincial authorities to prevent further incursions, according to Maître Christian Kakele,… Read More Here
Seventeen Chinese Migrants Arrested for Illegal Mining in South Kivu 3 Mining in DRC 

Seventeen Chinese Migrants Arrested for Illegal Mining in South Kivu

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Seventeen Chinese migrants, found staying illegally in South Kivu province, were presented to the press in Bukavu, the province’s capital, on Friday, December 20, 2024. Bernard Muhindo, the Provincial Minister of Finance, explained that the migrants were discovered working in the mines of Walungu territory, specifically at a gold mine in Karhembo. They lacked the required documentation and were working for a company without an operating permit, thus violating Congolese regulations. Muhindo criticized the fact that these migrants were benefiting from the profits of Congolese mines, while the local population… Read More Here
Gécamines Workers Strike Over Illegal Occupation of Djambelwa Copper Deposit 4 Mining in DRC Corporate News 

Gécamines Workers Strike Over Illegal Occupation of Djambelwa Copper Deposit

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Gécamines agents in Likasi, Haut Katanga province, have been on strike for three days, protesting the illegal occupation of a copper deposit by a mining cooperative. Etienne Musinde, President of the union delegation, explained to the foreign press, “Given that most of our deposits have been leased, the Djambelwa deposit has become crucial for Gécamines. It must be used to restart production in Likasi. While exploration is underway at Djambelwa, a cooperative called ‘Salama’ has been forcibly installed, with military backing, halting all Gécamines activities at the site.” The workers… Read More Here
Gold Price Increase Supports DRC's Economic Growth Amid Global Uncertainty 5 Mining in DRC Economy Gold 

Gold Price Increase Supports DRC’s Economic Growth Amid Global Uncertainty

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The price of gold, the Democratic Republic of Congo’s (DRC) leading export mineral, experienced a modest increase during the week of December 16 to 21, 2024. According to data from the National Commission of Mercuriales, part of the Ministry of Foreign Trade, the price of a gram of gold reached $86.05, reflecting a 0.66% increase compared to the previous week. This rise can be attributed to several factors, including increased demand for gold as a safe-haven asset amid global economic uncertainties. As a key source of revenue for the DRC,… Read More Here
Surge in Tin Prices Boosts DRC's Export Economy 6 Mining in DRC Economy Tin 

Surge in Tin Prices Boosts DRC’s Export Economy

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The Democratic Republic of Congo (DRC) has recently witnessed a significant rise in tin prices, a vital mineral for its export economy. According to the National Commission of Mercuriales, part of the Ministry of Foreign Trade, the price of tin reached $28,998 per ton between December 16 and 21, 2024, reflecting a 3.28% increase from the previous week’s price of $28,078. This upward trend in international markets could bring positive effects on the income of Congolese exporters and the overall national economy. The rise in tin prices comes amid growing… Read More Here
Tshisekedi Urges Faster Progress on Key Infrastructure Projects with Chinese Enterprises Group 7 Mining in DRC Infrastructural Development 

Tshisekedi Urges Faster Progress on Key Infrastructure Projects with Chinese Enterprises Group

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On Friday, December 20, in Kinshasa, President Félix Tshisekedi held a working session with the Chinese Enterprises Group (GEC) to evaluate the progress of road construction projects under the Minerals for Infrastructure Program. The President urged his partners to accelerate the work. Freddy Shembo, Director General of the Agency for the Steering, Coordination, and Monitoring of Collaboration Conventions, briefed the press on the session’s outcome. He noted that the meeting focused on identifying necessary adjustments to expedite ongoing projects and implement effective mechanisms. “These projects are crucial for the Head… Read More Here
Apple Denies Allegations of Conflict Mineral Use, Halts Purchases from DRC and Rwanda 8 Mining in DRC 

Apple Denies Allegations of Conflict Mineral Use, Halts Purchases from DRC and Rwanda

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Apple has firmly rejected allegations that it uses conflict minerals in its products, following a criminal complaint filed by the Congolese government in France and Belgium. The company stated on Tuesday that it had instructed its suppliers earlier this year to cease sourcing tin, tantalum, tungsten, and gold from the Democratic Republic of Congo (DRC) and Rwanda. This decision was reportedly prompted by escalating conflict in the region. In a statement to Reuters, Apple clarified its stance: “We require our suppliers’ smelters and refiners to stop purchasing these minerals from… Read More Here
DRC Files Criminal Complaints Against Apple Over Conflict Minerals 9 Mining in DRC 

DRC Files Criminal Complaints Against Apple Over Conflict Minerals

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The Democratic Republic of Congo (DRC) has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech giant of using conflict minerals in its supply chain. Lawyers representing the Congolese government revealed the allegations to Reuters. The DRC, a significant source of tin, tantalum, and tungsten—known as 3T minerals—used in electronic devices, has long suffered from artisanal mines controlled by armed groups. These groups have been linked to atrocities, including massacres, mass rapes, and looting, as reported by UN experts and human rights organizations. Apple, which does… Read More Here
DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement 10 Mining in DRC News in Brief Partnership 

DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement

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The governments of the Democratic Republic of Congo (DRC) and Indonesia are set to sign a cooperation agreement in the mining and environmental sectors in the coming days. This was confirmed following a videoconference on Saturday, December 14, 2024, between DRC President Félix Tshisekedi and his newly inaugurated Indonesian counterpart, Prabowo Subianto. During the exchange, President Subianto extended an official invitation to President Tshisekedi for a state visit to Indonesia in the near future, as announced on the DRC presidency’s X account. Indonesia, a recognized leader in the mining sector… Read More Here

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