Mining in DRC - Copperbelt Katanga Mining

Kamoa Copper Leads New Era of Sustainable Mining and Economic Development at Makutano Forum 1

Kamoa Copper SA participated in the 10th edition of the Makutano Forum in Kinshasa, DRC, from November 13 to 15. As a co-sponsor of the event, the company showcased its vision for the future of mining in the Democratic Republic of Congo (DRC), presenting its “New Deal” for the industry as a model of progress and sustainability. With over $5.5 billion invested over the past five years, Kamoa Copper’s scale and copper production have made a significant impact on the national mining sector. Beyond its size, the company has driven… Read More Here

Mining in DRC Cobalt Copper Corporate News

Gécamines Seeks to Block Chemaf Sale to China

November 24, 2024November 24, 2024 Constance

The Democratic Republic of Congo’s state mining company, Gécamines, has submitted a $1 million bid to acquire the cobalt and copper assets of financially troubled Chemaf. This move seeks to prevent further Chinese control of critical metals in the mineral-rich country, according to sources close to the matter. Chemaf, a partner of global commodities trader Trafigura, had previously agreed to sell its assets to China’s state-owned industrial giant, Norinco, in June 2024. These assets include copper and cobalt mines critical for electric vehicles and clean energy infrastructure. However, Gécamines, which… Read More Here

Mining in DRC Governance

DRC Minister of Mines & Jean-Jacques Purusi Take Action Against Foreign Involvement in Mining Sites

November 24, 2024November 24, 2024 Constance

The presence of foreigners in Congolese mines took center stage during a strategic meeting on November 19, which brought together the Minister of Mines, Kizito Pakabomba, and South Kivu’s governor, Jean-Jacques Purusi. The discussions focused on addressing the challenges and opportunities in this resource-rich region while emphasizing the enforcement of Congolese mining laws. Both officials underscored the necessity of a robust legal framework to ensure that natural resource exploitation adheres to established regulations. Their joint efforts aim to curb illegal activities and strengthen compliance with the country’s mining code. Separately,… Read More Here

Mining in DRC New Mining Projects Zinc

Jean-Lucien Busa Highlights Strategic Impact of Kipushi Mine Revival in DRC

November 21, 2024November 21, 2024 Constance

During the inauguration of the Kipushi Company (KICO) zinc production plant in Kipushi, Haut-Katanga, Minister of Portfolio Jean-Lucien Busa underscored the project’s strategic importance to the Democratic Republic of Congo’s (DRC) economy. This partnership between state-owned Gécamines and Ivanhoe Mines positions the DRC as Africa’s top zinc producer and strengthens the government’s economic influence. “This initiative makes the DRC the leading zinc producer in Africa and boosts the State portfolio, enhancing its assets, capacities, and influence within the Congolese economy,” Minister Busa remarked. He praised President Félix Tshisekedi’s vision, reflected… Read More Here

Mining in DRC New Mining Projects Zinc

DRC President Relaunches Kipushi Corporation to Boost Zinc Production and Jobs

November 21, 2024November 24, 2024 Constance

Democratic Republic of Congo (DRC) President Félix Tshisekedi announced the official relaunch of Kipushi Corporation (Kico SA) on Sunday during a meeting in Lubumbashi. Located in Kipushi, a mining town in Haut-Katanga, the company’s revival is expected to boost job creation and elevate the town’s global profile through zinc production, which is in high demand across industries. “Kipushi will experience a revival,” Tshisekedi stated. “Hundreds, even thousands, of direct and indirect jobs will be created. This activity will put Kipushi on the world map, as zinc remains a highly sought-after… Read More Here

Mining in DRC New Mining Projects Zinc

Kipushi Mine Resumes Operations as a Global Leader in Zinc Production

November 20, 2024November 20, 2024 Constance

After a 30-year hiatus, the Kipushi mine in Haut-Katanga, located 30 kilometers from Lubumbashi, has officially resumed operations. Known as the world’s highest-grade zinc mine, it now boasts a state-of-the-art concentrator capable of processing 800,000 tonnes of ore annually. This facility, completed in May 2024, achieved its first zinc concentrate production in June 2024. The mine, which ceased operations in 1993, is targeting 2024 production levels of 50,000 to 70,000 tonnes of zinc in concentrate. Its modern concentrator employs advanced grinding and flotation technologies, achieving a recovery rate of 96%… Read More Here

Mining in DRC Corporate News Events & Expos Gold

Kibali Mine Tackles DRC’s Energy Deficit with Renewables

November 17, 2024November 17, 2024 Constance

At the Makutano Forum on Thursday, November 14, 2024, several panelists discussed the theme, “Energy Deficit in the DRC: Can Miners Offer Solutions?” One of the key speakers, Jean-Paul Ilunga Mbayo, Power Engineer at Barrick Gold Corporation, highlighted the significant challenges faced by miners in investing in energy infrastructure in the Democratic Republic of Congo (DRC). Ilunga emphasized three primary challenges that hinder progress in addressing the country’s energy deficit. 1. Economic Challenges The foremost obstacle is the high tax burden associated with the construction of energy infrastructure. Ilunga pointed… Read More Here

Mining in DRC Oil & Gas Petroleum

Minister Aimé Molendo Sakombi Outlines Vision for DRC’s Oil Sector Growth and Sustainability

November 17, 2024November 17, 2024 Constance

On Thursday, November 14, 2024, Minister of Hydrocarbons Aimé Molendo Sakombi provided an in-depth analysis of the Congolese oil sector at the Hilton Hotel, during the Hydrocarbons House event, held alongside the tenth edition of the Makutano Forum. While the Democratic Republic of Congo (DRC) is often called a “geological scandal” due to its vast natural resources, its oil production is currently limited to a mere 20,000 barrels per day—a stark contrast to the country’s potential. Minister Sakombi emphasized that key regions like the Central Basin, the Albertine Graben, and… Read More Here

Mining in DRC Economy Infrastructural Development

IFC’s $550 Million Investment Boosts DRC’s Energy and Infrastructure Sectors

November 17, 2024November 17, 2024 Constance

Since 2021, the Democratic Republic of Congo (DRC) has received significant financial support totaling US$550 million from the International Finance Corporation (IFC). This funding, primarily directed toward infrastructure and energy projects, aims to foster sustainable growth and improve the daily lives of Congolese citizens. During a meeting on Thursday, November 14, 2024, Sergio Pimenta, IFC Vice-President for Africa, and Judith Tuluka Suminwa, Prime Minister of the DRC, discussed the impact of this support. According to Pimenta, the IFC’s investments have directly benefited the Congolese population by addressing critical infrastructure and… Read More Here

Mining in DRC Economy Governance

Minister Bussa and ARSP Director Sign MOU to Boost State Portfolio Cooperation

November 17, 2024November 17, 2024 Constance

Jean-Lucien Bussa, Minister of Portfolio, and Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), signed a memorandum of understanding (MOU) on Tuesday, November 12, 2024, aimed at fostering inter-company cooperation. The agreement follows a proposal made by the Minister of Portfolio to the Council of Ministers on July 19, 2024. The signing ceremony took place in the Minister of Portfolio’s Cabinet meeting room, with experts from both parties in attendance. The MOU facilitates collaboration and mutual support between companies in the state… Read More Here