Mining in DRC - Copperbelt Katanga Mining

DRC Raises Concerns with Apple Over Alleged Use of Conflict Minerals 1

The Democratic Republic of Congo (DRC) has conveyed apprehensions to Apple Inc. regarding the potential presence of conflict minerals sourced from the country within the tech giant’s supply chain. International lawyers representing the Congolese state submitted inquiries to Apple on April 22, expressing concerns about the origin of minerals like tin, tungsten, and tantalum, collectively known as 3T minerals, as reported by Bloomberg. This development follows a recent US court ruling that cleared several tech companies, including Apple, of child labor charges in cobalt mines across Africa. In a statement… Read More Here

Mining in DRC Cobalt

Eurasian Resources Group Denies Accusations of Subcontracting Fraud in the DRC

April 25, 2024April 25, 2024 Constance0 comment

Eurasian Resources Group (ERG) has refuted allegations of attempting to circumvent subcontracting laws in the Democratic Republic of Congo (DRC), aimed at promoting local ownership in the mining sector and fostering economic benefits. In response to Congo government’s accusations of presenting nine subcontracting companies as majority partners with fictitious shares to evade the requirement of Congolese shareholders owning 50% of subcontracting shares, ERG issued a statement denying any involvement in illicit activities. The Regulatory Authority for Subcontracting in the Private Sector revealed that over $535 million in sales had been… Read More Here

Mining in DRC

Mining Cadastre Addresses Protestant University of Congo in Kinshasa

April 24, 2024April 24, 2024 Constance0 comment

The Director General of the Mining Cadastre, Mr. Popol MABOLIA YENGA, delivered a keynote address at a conference organized by the student structure “Agora Juridique” at the Protestant University of Congo (UPC) on April 19, 2024. The conference, themed “The mining sector of the Democratic Republic of Congo: challenges and prospects,” aimed to educate law students about the intricacies of the mining industry and foster dialogue on its future. Mr. MABOLIA emphasized the need for the younger generation to familiarize themselves with the mining sector and the Mining Code, urging… Read More Here

Mining in DRC Cobalt Copper

Zijin’s Congo mine shipments returned due to radiation levels

April 24, 2024April 24, 2024 Constance0 comment

Mineral shipments from a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday. The letter, dated April 12, informed the COMMUS project in which Zijin owns a 72% stake that the ministry had suspended its licence while it investigated the issue. “I am informed of the return of your shipments that exported … mineral products to South Africa on the grounds that their radioactivity content… Read More Here

Battery Metals Cobalt Lithium Mining in DRC

Sub-Saharan Africa’s Energy Transition Minerals Valued at $2 Trillion by 2050

April 23, 2024April 23, 2024 Constance0 comment

Sub-Saharan Africa is poised to play a significant role in the global energy transition, with the potential to generate nearly $2 trillion from the production of essential metals by 2050, according to the International Monetary Fund (IMF). In a paper released on Friday, the IMF outlined that global revenue from mining key metals such as copper, cobalt, lithium, and nickel could soar to $16 trillion over the next 25 years, as projected by the International Energy Agency (IEA). Sub-Saharan Africa is expected to contribute around 12% of this total output.… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

Lobito Corridor Master Plan brings together Government and partners on Thursday

April 23, 2024April 23, 2024 Constance0 comment

Government officials, business leaders, international partners, and experts will convene for a workshop on Thursday to lay the groundwork for the Master Plan of the Lobito Corridor, also known as the Benguela Railway. The meeting, as reported by JA Online, will focus on mapping infrastructure gaps, discussing the design and significance of public-private partnerships, and exploring avenues for unlocking the corridor’s development potential. Organized jointly by the Ministries of Planning and Transport, in collaboration with the World Bank, the workshop adopts the theme “Diversify more by unlocking the potential of… Read More Here

Mining in DRC Mining Personality

Ivan Kalonda Appointed General Manager of Human Resources at Tenke Fungurume Mining

April 22, 2024April 22, 2024 Constance0 comment

In 2019, when CMOC took over the reins at Tenke Fungurume Mining (TFM), the spotlight shifted to its employees. Among them was Ivan Kalonda, who would later ascend to the role of General Manager of Human Resources, earning the prestigious “Outstanding Employee and CMOC Inspirational Role Model 2023” award. Kalonda’s rise to prominence began with a simple mantra: “Do your job well because there is always someone watching you.” Under the leadership of Jun Zhou, then General Manager, Kalonda’s dedication and consistency caught the CEO’s attention. A pivotal encounter in… Read More Here

Mining in DRC

ARSP Exposes Subcontracting Exploitation in Four Mining Companies

April 21, 2024April 21, 2024 Constance0 comment

The Regulatory Authority for Subcontracting in the Private Sector (ARSP) has uncovered a network of featured shareholders utilized by nine subcontracting companies operating within major mining contracts in Lualaba and Haut-Katanga provinces. Led by Director General Miguel Kashal Katemb, this action follows a control mission in Greater Katanga, revealing egregious cases of pseudo-nominee practices in subcontracting. In a hearing organized by the ARSP CEO, attended by representatives from Eurasian Resources Group (ERG), lawyers, ARSP directors, and partners from the implicated companies, it was revealed that ERG, predominantly owned by Russians… Read More Here

Mining in DRC Economy

Minister Kazadi Highlights Role of IMF and World Bank in DRC’s Development

April 21, 2024April 21, 2024 Constance0 comment

During a radio interview on Radio Top Congo, Finance Minister Nicolas Kazadi emphasized the significance of collaboration with the International Monetary Fund (IMF) and the World Bank in supporting countries’ development efforts. Kazadi clarified that these institutions do not directly drive development but provide essential tools and resources for countries committed to progress. He underscored that nations leveraging these resources have witnessed substantial advancements, achieving economic independence by consolidating their strengths. Defending the financial support received, Kazadi stressed its role in addressing major challenges such as enhancing human capital, increasing… Read More Here

Mining in DRC Economy

DRC’s Trade Shows Resilience with Increased Surplus

April 21, 2024April 21, 2024 Constance0 comment

Trade between the Democratic Republic of Congo (DRC) and the rest of the world demonstrated resilience, recording a 2.39% increase by the end of March 2024 compared to the same period last year. Data from the Central Bank of Congo (BCC) as of April 12, 2024, revealed this positive trend. The trade balance exhibited a surplus of $4,515.53 billion USD, marking a significant increase from the $627.42 million USD achieved in March 2023. This surplus represents a notable 6.05% rise compared to the previous year’s 0.93%. In 2023, global economic… Read More Here