Mining in DRC - Copperbelt Katanga Mining

DRC Advances Plans for Musompo Battery Precursor Zone

August 19, 2026August 19, 2026 Constance0 comment

DRC Advances $2 Billion Musompo Battery Precursor Zone to Build Local Battery Value Chain The Democratic Republic of Congo (DRC) is advancing plans to establish a major battery precursor manufacturing hub in Lualaba province, as the country seeks to capture more value from its cobalt, copper and other critical mineral resources. The government approved the Musompo Special Economic Zone as a priority project in February 2026. The planned 900-hectare industrial zone is expected to attract around $2 billion in private investment and support the development of a local battery materials… Read More Here

Angola Awards 30-Year Northern Corridor Power Concession to Somagec

August 18, 2026August 18, 2026 Constance0 comment

Angola Awards 30-Year Power Corridor Concession to Somagec for Electricity Exports to DRC Angola has awarded Somagec Energy Holding Limited (SEHL) a 30-year concession to develop and operate the Northern Corridor, a major electricity transmission project designed to enable power exports from Angola to the Democratic Republic of Congo (DRC) while strengthening electricity supply to Cabinda. The concession was approved through Presidential Decree No. 115/26 of July 2, 2026, and is being implemented under a Build, Own, Operate and Transfer (BOOT) model. Under this arrangement, Somagec will assume responsibility for… Read More Here

Mining in DRC Governance

121 Candidates Sit Internal Recruitment Test for ARSP Inspectors

August 18, 2026August 18, 2026 Constance0 comment

ARSP: 121 Candidates Take Internal Recruitment Test for Inspector Positions The Authority for Regulation of Public Procurement (ARSP) in the Democratic Republic of Congo (DRC) has held an internal recruitment examination for inspector positions, with 121 candidates taking part in the selection process. The exercise forms part of the institution’s efforts to strengthen its workforce and enhance its capacity to monitor and regulate public procurement activities across the country. Recruitment targets inspection capacity The recruitment process is aimed at identifying qualified personnel who can support the ARSP’s inspection and oversight… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC and Angola Finalise Offshore Oil Agreement with $27.8 Billion Revenue Potential for DRC

August 18, 2026August 18, 2026 Constance0 comment

DRC, Angola Finalise Offshore Oil Deal with $27.8 Billion in Potential Revenue for Kinshasa The Democratic Republic of Congo (DRC) and Angola have finalised an agreement governing the joint development and exploitation of offshore oil resources, marking a major step in efforts to unlock the country’s petroleum potential. The agreement is expected to generate up to $27.8 billion in potential revenue for the DRC, strengthening the economic significance of its offshore petroleum assets. The deal was formalised following negotiations between the two countries and provides a framework for the development… Read More Here

Mining in DRC Economy

DRC Struggles to Absorb External Financing as $8.3 Billion Remains Undisbursed

August 18, 2026August 18, 2026 Constance0 comment

DRC Disburses Just 24.3% of $10.7 Billion in External Financing, Leaving $8.3 Billion Unused The Democratic Republic of Congo (DRC) is facing challenges in converting external financing commitments into actual development projects, with only 24.3% of a $10.7 billion portfolio having been disbursed, according to an assessment by the Inspectorate General of Finance (IGF). The findings were presented to President Félix-Antoine Tshisekedi Tshilombo during the 96th Council of Ministers meeting held on August 14, 2026. The active portfolio of projects financed through external resources exceeds $10.7 billion, but more than… Read More Here

Oil & Gas Mining in DRC Petroleum

DRC Certifies $146.7 Million in Petroleum Sector Losses for Q2 2026

August 18, 2026August 18, 2026 Constance0 comment

DRC Certifies $146.7 Million in Petroleum Losses and Revenue Shortfalls in Q2 2026 The Democratic Republic of Congo (DRC) has certified $146.72 million in losses and revenue shortfalls incurred by petroleum companies during the second quarter of 2026, highlighting the growing financial pressure on the country’s fuel supply sector. The certification, conducted on August 13 and 14, 2026, covered petroleum operations across the DRC’s four supply zones: Western, Southern, Eastern and Northern. The total certified amount stands at $146,723,912.42. Western and Northern zones lead The Western and Northern zones accounted… Read More Here

Mining in DRC Cobalt Copper Corporate News

Fifi Masuka Saini Visits TFM to Explore Copper and Cobalt Production Technology

August 16, 2026August 16, 2026 Constance0 comment

DRC Governor Fifi Masuka Saini Visits Tenke Fungurume Mining to Explore Copper and Cobalt Production Technology The Governor of Lualaba Province, Fifi Masuka Saini, has visited the industrial facilities of Tenke Fungurume Mining (TFM) in Fungurume to gain firsthand insight into the company’s copper and cobalt production operations. The visit took place on Thursday, 13 August, during the governor’s tour of the Fungurume area, where she was accompanied by a provincial delegation. During her visit to TFM, Masuka Saini was briefed on the company’s mining and processing operations, with particular… Read More Here

Mining in DRC Battery Metals Lithium

DRC Lithium Hydroxide Prices Rise as Mineral Markets Show Mixed Performance

August 14, 2026August 14, 2026 Constance0 comment

DRC Lithium Hydroxide Price Rises 3.89% to Over $20,000 Per Ton as Mineral Markets Diverge The price of lithium hydroxide recorded the strongest increase among the Democratic Republic of Congo’s (DRC) key mineral products during the latest pricing period, rising by 3.89% as international markets showed mixed movements. According to the latest mineral price schedule covering 10 to 15 August 2026, lithium hydroxide increased from $19,314.29 to $20,065.63 per tonne, representing a gain of $751.34 per tonne. The increase makes lithium hydroxide the strongest-performing mineral in the latest assessment, although… Read More Here

Mining in DRC Investment News Mining Personality

Louis Watum Marks First Year with Push for Greater Transparency, Formalisation and Investment

August 14, 2026August 14, 2026 Constance0 comment

DRC Mines Minister Louis Watum Outlines Mining Reforms and Investment Priorities After First Year in Office Louis Watum Kabamba has marked his first year as Minister of Mines in the Democratic Republic of Congo (DRC) by highlighting reforms aimed at improving governance, strengthening transparency, formalising artisanal mining and unlocking greater value from the country’s vast mineral resources. Since taking office in August 2025, Watum has focused his agenda on six key areas: improving governance and transparency, combating fraud and mineral smuggling, formalising artisanal mining, strengthening the distribution of mining revenues,… Read More Here

Mining in DRC Copper Transport and Logistics

DRC Copper Industry Expands as China, India and Tanzania Deepen Their Roles

August 14, 2026August 14, 2026 Constance0 comment

DRC Copper Value Chain Expands Beyond China, India and Tanzania as Processing and Logistics Grow The Democratic Republic of Congo’s copper industry is increasingly developing into a more complex regional value chain, challenging the simplified view that China extracts, India processes and Tanzania provides transport infrastructure. While Chinese companies have a major presence in the DRC’s mining and processing industries, Indian-linked businesses are also active in the country’s metallurgical sector. Tanzania, meanwhile, plays an increasingly important role as a transit hub for Congolese mineral exports and imports. Chinese investment remains… Read More Here