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Category: Mining in DRC

Mining in DRC Mining Personality 

Bin Nassor Elected to Lead DRC Chamber of Mines as TFM Returns to Power

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The election of Bin Nassor as President of the Chamber of Mines in the Democratic Republic of Congo (DRC) marks the return of mining giant Tenke Fungurume Mining (TFM) to the leadership of the country’s key mining institution. TFM, a major player in the Congolese mining sector, previously held this position several years ago. Nassor represented the CMOC Group, parent company of both Kisanfu Mining and TFM. The election was held on Thursday, April 3, 2025, under the auspices of the Chamber of Mines—a commission of the Federation of Congolese… Read More Here
Mining in DRC Cobalt Copper 

China Molybdenum’s DRC Operations Drive Record Growth and Strategic Dominance

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Mining giant China Molybdenum Co. Ltd. (CMOC)—a key player in the Democratic Republic of Congo through its operations at Tenke Fungurume Mining (TFM) and Kisanfu Mining (KFM)—achieved a significant milestone in 2024, posting impressive financial and operational results that solidify its status among the world’s top producers of strategic metals. According to the company, net profit attributable to shareholders rose by 64% to USD 1.9 billion, while revenue increased by 14.37% to reach USD 29.85 billion. CMOC also reported exceptional growth in operating cash flow, which surged by 108.38% to… Read More Here
Mining in DRC Governance 

Miguel Kashal Presents 2024 Subcontracting Report to President Tshisekedi

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The Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, met with President Félix-Antoine Tshisekedi on Thursday, April 3, 2025, to present an update on the state of subcontracting activities across the Democratic Republic of Congo. During the audience, Katemb delivered a partial report on the 2024 financial year and outlined progress made in implementing instructions received during earlier meetings with the President—particularly the one held on September 18, 2024. That meeting had focused on improving oversight and transparency in the use of… Read More Here
Mining in DRC 

US Strategy on Critical Minerals Puts DRC Battery Project in Doubt

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Since President Donald Trump’s return to power in January, boosting domestic supplies of critical minerals, such as copper, has been a top priority, particularly for energy transition technologies . However, this shift in focus raises questions about US support for developing a battery production value chain in the Democratic Republic of Congo (DRC), as outlined in a Memorandum of Understanding (MoU) signed in December 2022. This strategic pivot involves using executive powers to expedite domestic extraction and processing of raw materials, which may come at the expense of supporting international… Read More Here
Zesco Mining in DRC Electricity 

DRC Power Output Grows but Energy Challenges Persist

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Between 2023 and 2024, the Democratic Republic of Congo (DRC) saw a 3.04% increase in power output, rising by 303.1 gigawatt-hours (GWh). This boost was primarily driven by hydropower plants, including the Inga I and II plants, according to the country’s power utility, the ARE. Over the period from 2020 to 2024, the DRC’s power output grew by 9.8%. However, despite this progress, the DRC’s total electricity output remains low, reaching just 13.6 terawatt-hours (TWh) in 2024. To put this into perspective, it is equivalent to roughly 11 days of… Read More Here
Mining in DRC Partnership 

US and DRC Explore Minerals and Security Partnership Amid Ongoing Conflict

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The United States and the Democratic Republic of Congo (DRC) are in discussions to form a minerals and security partnership, according to Massad Boulos, Senior Adviser for Africa to President Donald Trump, following a meeting with DRC President Felix Tshisekedi on Thursday in Kinshasa. Boulos visited the capital to review Tshisekedi’s proposal, which involves the DRC offering its rich mining resources in exchange for US security assistance in the country’s ongoing battle against a rebel group in its eastern region, reportedly backed by neighboring Rwanda. The DRC is the world’s… Read More Here
Mining in DRC 

South Kivu Governor Exposes True Routes of Illicit Mineral Exports

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During his address to the Foreign Affairs Committee of the French National Assembly on April 2, 2025, the Governor of South Kivu Province, Jean-Jacques Purusi Sadiki, shed light on the growing issue of illicit mineral exploitation in his region. He refuted widely held assumptions about the destination of these illegally mined resources. “Contrary to claims that 90% of South Kivu’s illicit mineral production goes to China, our data shows otherwise,” the governor stated. “About 67% is exported to the Middle East—specifically Dubai, the United Arab Emirates, and Saudi Arabia—while less… Read More Here
Mining in DRC 

DRC Launches Strategic Plan to Secure 3T Minerals Amid Regional Smuggling Concerns

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During the 38th Ordinary Meeting of the Council of Ministers held on Friday, April 4, 2025, in Kinshasa, Prime Minister Judith Suminwa emphasized the urgent need to secure the Democratic Republic of Congo’s strategic mineral resources, given the country’s ongoing security challenges. According to the government’s spokesperson, Minister of Communication and Media Patrick Muyaya, the meeting particularly focused on the minerals known as the “3Ts”—tungsten, tantalum, and tin. Prime Minister Suminwa chaired a strategic session with experts from the Prime Minister’s Office, the Ministry of Mines, the Mining Registry, the… Read More Here
Mining in DRC Copper Energy 

Kamoa Copper Signs Landmark Deal for Africa’s First Solar Baseload Plant

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Kamoa Copper S.A. has signed a landmark power purchase agreement (PPA) with CrossBoundary Energy to supply baseload renewable energy to the Kamoa-Kakula Copper Complex near Kolwezi, in the Democratic Republic of the Congo (DRC). This marks a significant milestone in the region’s shift toward sustainable mining operations. Kamoa Copper is a joint venture between Ivanhoe Mines, Zijin Mining Group, and the DRC government, which holds a 20% ownership stake. The Kamoa-Kakula complex is the largest copper mine in Africa, with an annual production capacity of approximately 600,000 tonnes. The on-site… Read More Here
Mining in Zambia Angola Mining in DRC Transport and Logistics 

U.S. Reaffirms Commitment to Lobito Corridor Investments

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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

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