Mining in DRC - Copperbelt Katanga Mining

Unchecked Mining in DRC’s South Kivu Raises Concerns Over Illegal Activity and Environmental Harm 1

South Kivu, a province rich in tin, tungsten, niobium, tantalum, rare earths, and gold deposits in eastern Democratic Republic of Congo (DRC), faces persistent security challenges that deter large industry investors from entering the area. Instead, mining is largely conducted by cooperatives and foreign firms, especially those with Chinese capital. Many operate with impunity, often in violation of DRC’s mining regulations, and with the alleged support of powerful figures. A prominent example is Tong Li Resources, a Chinese company involved in gold mining in South Kivu and neighboring Maniema Province.… Read More Here

Cobalt Market Forecasts 37,000-Tonne Surplus Amid Slowing Demand in 2024

October 30, 2024October 30, 2024 Constance

The global cobalt market is projected to experience a notable surplus in 2024, with the Cobalt Institute forecasting a surplus of 37,000 tonnes. This outlook aligns with recent statements from CMOC, the world’s largest cobalt producer, which noted a slowing rate of supply growth in the latter half of the year. Key contributors to this surplus are increased production from the Kisanfu mine in the Democratic Republic of Congo (DRC), set to add an additional 23,000 tonnes over 2023 levels, and a 14,000-tonne increase from the Tenke Fungurume mine, also… Read More Here

Mining in DRC Corporate News

Haut-Katanga Assembly Launches Environmental Probe into MMG Kinsevere Amid Community Concerns

October 29, 2024October 29, 2024 Constance

Following environmental concerns raised by local communities over MMG Kinsevere’s mining activities, Michel Kabwe Muamba, President of the Haut-Katanga Provincial Assembly, has initiated a joint commission to investigate. On October 28, 2024, Kipushi Territory Administrator Gaunce Bupe Kapalo officially launched the commission’s work, which includes independent experts and representatives of affected parties. “We are here to fulfill our mandate from the Assembly President,” Kapalo said, calling on residents to remain calm as the commission aims for swift findings, expected by Friday. Representing MMG, Charles Kyona, Deputy General Manager for Stakeholder… Read More Here

Mining in DRC Battery Metals

Prime Minister and Asia Minerals Limited Discuss Manganese Investment in DRC

October 29, 2024October 29, 2024 Constance

On Saturday, October 26, 2024, Prime Minister Judith Suminwa Tuluka met with a delegation from Asia Minerals Limited (AML Group), a global mining company, led by President Eric Chung. The company, specializing in manganese mining—particularly in South Africa—expressed strong interest in exploring investment opportunities within the Democratic Republic of Congo’s mining sector. Following the meeting, Eric Chung praised the productive discussions and highlighted the Congolese government’s openness and dedication to mining industry standards. He noted the positive state of relations between Japan and the DRC, which date back to the… Read More Here

Mining in DRC Corporate News

GECAMINES Advances Mining Transparency with Secure Certificate Initiative

October 27, 2024October 27, 2024 Constance

GECAMINES, a cornerstone of the mining sector in the Democratic Republic of Congo (DRC), has entered a new phase in securing its operations by obtaining the first secure certificates for its mining titles. The formal presentation of these certificates took place on Friday, October 18, 2024, in Kinshasa, conducted by the Mining Registry (CAMI). During the event, Guy Robert Lukama, Chairman of the Board of Directors of GECAMINES, received the certificates from Popol Mabolia Yenga, the Director General of CAMI. This initiative is part of the implementation of tamper-proof certificates… Read More Here

Mining in DRC Infrastructural Development

China State Construction Engineering to Support Kinshasa Expansion Project

October 27, 2024October 27, 2024 Constance

The Chinese state-owned company, China State Construction Engineering, has pledged its support for the Kinshasa city expansion project. This commitment was made during a meeting between Governor Daniel Bumba and a delegation from the firm on Tuesday, October 22, 2024, at the Hilton Hotel. This urbanization initiative aims to alleviate congestion in the Congolese capital and significantly reduce traffic and sanitation issues. The project designates 486 square kilometers for the development of a new city, representing approximately 5% of Kinshasa’s total area. Kinshasa authorities have selected China State Construction Engineering… Read More Here

Mining in DRC Governance

Prime Minister Judith Suminwa Urges Congolese Diaspora to Support National Development

October 27, 2024October 27, 2024 Constance

Prime Minister Judith Suminwa Tuluka has called on the Congolese diaspora to play an active role in the development of the Democratic Republic of Congo. During her visit to Brussels, she emphasized the importance of integrating the concerns of expatriates into national public policies. “I left Belgium 27 years ago, and I never imagined that I would one day return as Prime Minister. This sentiment resonates with many. While some may view this role as an honor or a source of pride, for me, it is a heavy responsibility. I… Read More Here

Mining in DRC Oil & Gas Petroleum

Maniema Province Ushers in New Era with Oil Tax Agreement

October 27, 2024October 27, 2024 Constance

A new era is emerging for Maniema Province following a significant development on Monday, October 21. Oil companies and the provincial government signed a historic memorandum of understanding to establish a conventional tax on petroleum products. This tax, set at 300 Congolese francs per liter, aims to fund ambitious projects to improve the province’s infrastructure. The revenue generated from this tax will be allocated to road infrastructure projects, enhance public services, and stimulate the local economy. The decision, reached after extensive negotiations, was met with enthusiasm from all stakeholders. During… Read More Here

Mining in DRC

DRC Govt Addresses Foreign Presence in Mining Areas Amid Recent Arrests

October 27, 2024October 27, 2024 Constance

The presence and movement of foreigners in mining sites were key topics during the eighteenth meeting of the Council of Ministers, held on Friday, October 18, 2024. In his remarks, Head of State Félix-Antoine Tshisekedi highlighted concerns regarding illegal foreign operations in the country’s mining regions. The President pointed out that, despite the liberalization of the mining sector—enshrined in the Mining Code—foreign operators must comply with legal regulations. He stated, “The abandonment of the ban on the movement of foreigners in mining areas should not be interpreted as a lack… Read More Here

Mining in DRC Economy

Rawbank Partners with ARSP to Boost Funding for 20,000 SMEs in DRC

October 27, 2024October 27, 2024 Constance

RAWBANK CEO Mustafa Rawji is leveraging the expertise of the Private Sector Subcontracting Regulatory Authority (ARSP) to reach 20,000 small and medium-sized enterprises (SMEs) that will benefit from the $200 million allocated by the financial institution. He made this announcement during a working session held at the ARSP. “Rawbank is seizing an opportunity to create substantial wealth and expand SMEs in the DRC, particularly in the mining sector and other industries regulated by the ARSP. Traditionally, banks have focused on financing large companies, but we recognize the urgent need to… Read More Here