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Category: Mining in DRC

Primera Gold Rebrands as DRC Gold Training, Strengthens National Governance in the Gold Sector 1 Mining in DRC Gold 

Primera Gold Rebrands as DRC Gold Training, Strengthens National Governance in the Gold Sector

Constance
Mining company Primera Gold has officially rebranded as DRC Gold Training, marking a significant shift in the management of the country’s artisanal gold sector. This transformation comes under the stewardship of the Congolese state, which now holds a 55% majority stake in the company. Along with the state’s ownership, the Mining Fund for Future Generations has acquired 30% of the shares, and Gécamines holds 15%. This new structure underscores the government’s commitment to placing the management of artisanal gold mining at the heart of national interests, ensuring that local stakeholders… Read More Here
Tackling Traceability Challenges in the Congolese Cobalt Supply Chain 2 Mining in DRC Battery Metals Cobalt 

Tackling Traceability Challenges in the Congolese Cobalt Supply Chain

Constance
The Congolese mining sector has long grappled with mineral traceability issues, particularly within its cobalt supply chain. In April 2024, the NGO Ressource Matters published a study titled “Study the Risks in Your Cobalt Supply Chain”. This research mapped over 280 entities spanning the cobalt supply chain—from miners to end consumers—highlighting the social and environmental risks associated with cobalt extraction. The study aimed to assist companies in aligning with international standards for responsible sourcing. The Complexities of Traceability Ressource Matters identifies the foremost challenge for companies using cobalt: tracing its… Read More Here
DRC Minister of Mines Highlights Nation’s Mining Ambitions at Inaugural Mining & Energy House Event 3 Mining in DRC Events & Expos 

DRC Minister of Mines Highlights Nation’s Mining Ambitions at Inaugural Mining & Energy House Event

Constance
The Makutano Network 2024 Economic Forum, held in Kinshasa, served as a pivotal platform for advancing inclusive and sustainable growth strategies in the Democratic Republic of Congo (DRC) and the broader Central African region. Bringing together prominent leaders in innovation and development, the forum underscored a vision for Africa’s economic prosperity built on sound policies and responsible partnerships. At the Mining & Energy House, the event commenced with an inaugural speech by the DRC’s Minister of Mines, Kizito Pakabomba. The Minister emphasized the country’s ambition to leverage its vast mineral… Read More Here
DRC Advances Local Content Law with New Subcontracting Guide 4 Mining in DRC Governance 

DRC Advances Local Content Law with New Subcontracting Guide

Constance
The recent signing of the Sectoral Guide on Subcontracting marks a major step forward in the Democratic Republic of Congo’s efforts to implement the Local Content Law, which is currently in development. This new guide aims to streamline the application of legal texts governing subcontracting across key sectors of the national economy. After months of collaborative work between the Agence de Régulation de la Sous-Traitance dans le Secteur Privé (ARSP) and the Federation of Congolese Enterprises (FEC), representatives from both organizations officially signed the validation report of the subcontracting sectoral… Read More Here
MIBA Faces Major Revival Challenges Amid Diamond Production Halt and Financial Struggles 5 Diamond Mining in DRC 

MIBA Faces Major Revival Challenges Amid Diamond Production Halt and Financial Struggles

Constance
The situation at Société Minière de Bakwanga (MIBA), a major mining company in Kasaï-Oriental province, remains critical. According to the latest data from the Cellule Technique de Coordination et de Planification Minière (CTCPM) within the Congolese Ministry of Mines, MIBA did not produce any diamonds in the second quarter of 2024 (April to June). In stark contrast, Société Anhui Congo d’Investissement (Sacim), another diamond producer in the region, reported over 873,000 carats produced during the same period, accounting for nearly 98% of the region’s industrial output, according to the Ministry.… Read More Here
DRC's 2025 Finance Law Faces Risks from Mining and Oil Price Volatility 6 Mining in DRC Economy 

DRC’s 2025 Finance Law Faces Risks from Mining and Oil Price Volatility

Constance
Price volatility in copper, cobalt, gold, and oil could jeopardize the DRC’s 2025 Finance Law, now under parliamentary review. According to draft law document 8, shifts in global commodity prices may lead to budget imbalances, given that mining and hydrocarbons constitute nearly all of the DRC’s exports. From 2019 to 2023, copper, cobalt, and gold dominated exports, accounting for 70.25%, 16.87%, and 6.74% of mining products, respectively. In 2022, almost 50% of government revenues came from mining, driven largely by rising copper, cobalt, and gold prices. This heavy reliance on… Read More Here
DRC Diamond Production Sees 27% Growth in Early 2024 Driven by Artisanal Mining 7 Diamond Artisanal mining Mining in DRC 

DRC Diamond Production Sees 27% Growth in Early 2024 Driven by Artisanal Mining

Constance
Diamond production in the Democratic Republic of Congo (DRC) remains primarily artisanal, according to recent provisional data from the Ministry of Mines’ Technical Unit for Coordination and Mining Planning (CTCPM). In the first half of 2024, artisanal mining operations produced 3,319,025 carats, accounting for nearly 68% of the country’s total diamond output. Kasaï-Oriental province reaffirmed its position as the leading artisanal diamond producer, contributing almost 99% of the sector’s production. Industrial mining also saw significant growth, yielding 1,544,190 carats, while semi-industrial mining contributed a modest 1,433 carats. In total, diamond… Read More Here
DRC’s Economic Committee Focuses on Price Stability and Fiscal Management 8 Mining in DRC Economy Governance 

DRC’s Economic Committee Focuses on Price Stability and Fiscal Management

Constance
The Economic Situation Committee in the Democratic Republic of Congo (DRC) is actively working to stabilize prices, monitor the foreign exchange market, and enhance public finance management. Following the recent meeting on November 6, 2024, Deputy Prime Minister and Minister of National Economy, Daniel Mukoko Samba, reported that goods and services markets show signs of stability, with inflation under control. To maintain this stability, the government is enforcing strict budgetary discipline and enhancing revenue collection as the year-end approaches. To manage emergency expenses, the Ministries of Finance and Budget have… Read More Here
DRC Prime Minister demands better management of natural resources 9 Mining in DRC Governance 

DRC Prime Minister demands better management of natural resources

Constance
On Monday, November 4, 2024, at the Pullman Hotel in Kinshasa, Prime Minister Judith Suminwa Tuluka inaugurated a pivotal workshop aimed at strengthening the Extractive Industries Transparency Initiative (EITI) in the Democratic Republic of Congo (DRC). In her opening remarks, she emphasized the importance of transparency in the management of the country’s natural resources as a foundation for a prosperous future for the Congolese people. The workshop, attended by key industry stakeholders, focuses on aligning with the new EITI 2023 standards, aiming to inspire ambitious reforms within the sector. Jean-Jacques… Read More Here
ARSP Director General Discusses Collaboration with IGF to Strengthen Tax Base for 2025 Budget 10 Economy Governance Mining in DRC 

ARSP Director General Discusses Collaboration with IGF to Strengthen Tax Base for 2025 Budget

Constance
On Tuesday, November 5, 2024, Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), met with Jules Alingete Key, Inspector General and Head of Service of the General Inspectorate of Finance (IGF). The purpose of their meeting was to discuss how ARSP can contribute to enhancing the tax base of the Congolese State in preparation for the 2025 budget year. Katemb emphasized the importance of collaboration between ARSP and the IGF to streamline the subcontracting value chain. “The goal is to work in… Read More Here

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