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Category: Mining in DRC

DRC Govt Proposes Certification System for Mining Reserves 1 Mining in DRC Governance 

DRC Govt Proposes Certification System for Mining Reserves

Constance
During the 17th Council of Ministers meeting on Friday, October 11, in Kinshasa, Congolese Minister of Mines Kizito Pakabomba presented an information note on the government’s need to establish mechanisms for certifying mining reserves. Pakabomba emphasized that internationally recognized best practices for certifying mineral reserves involve a set of standards and methodologies used to evaluate, document, and certify mineral resources. These practices are essential to ensuring transparency, accuracy, and credibility in the information regarding the country’s mining reserves. According to the Minister of Mines, several key steps are required to… Read More Here
DRC Govt Moves to Block Illicit Mineral Trade in Rebel-Held Rubaya 2 Mining in DRC 

DRC Govt Moves to Block Illicit Mineral Trade in Rebel-Held Rubaya

Constance
During a press café in Kinshasa, Congolese Minister of Mines, Kizito Pakabomba, reaffirmed the government’s commitment to halting the illegal commercialization of minerals from the Rubaya mining area in North Kivu’s Masisi territory. This strategic site fell under the control of the M23 insurgents and the Rwandan army in early May. Pakabomba emphasized that the government’s primary focus is combating the illicit trade of minerals, including coltan, a key component in the electronics industry, exploited by the rebels. “We have issued orders to ban all mining activities in the Rubaya… Read More Here
Congolese Minister of Mines Opposes New Financial Authority for Mining Sector 3 Mining in DRC News in Brief 

Congolese Minister of Mines Opposes New Financial Authority for Mining Sector

Constance
Kizito Pakabomba, the Congolese Minister of Mines, rejected the idea of creating a separate financial authority for the mining sector during a press café in Kinshasa, hosted by the mining registry. Pakabomba argued that establishing another agency would only add unnecessary bureaucracy, noting concerns from the International Monetary Fund (IMF) about the country’s budgetary inefficiencies. He highlighted that the mining sector already contributes nearly 50% to the national budget, emphasizing that the Ministry of Finance manages mining revenues effectively. The minister reaffirmed his commitment to working with the IMF to… Read More Here
ARSP Director General Settles 30% of Debt Arrears to Public Partners 4 Mining in DRC Governance 

ARSP Director General Settles 30% of Debt Arrears to Public Partners

Constance
Miguel Kashal, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), has made a significant payment of 30% toward clearing the debt arrears owed since 2020 to three key public entities: FOGEC, ANADEC, and APOCEM. This initiative demonstrates ARSP’s commitment to advancing the emergence of a true Congolese middle class, in alignment with the vision of President Félix Tshisekedi and in collaboration with the supervising ministry. The remaining debt, which predates Kashal’s appointment, is expected to be settled soon. Observers see this move as a… Read More Here
DRC Set to Gain 922.4 Billion CDF from Sino-Congolese Contract Renegotiation 5 Mining in DRC Economy 

DRC Set to Gain 922.4 Billion CDF from Sino-Congolese Contract Renegotiation

Constance
The Democratic Republic of Congo (DRC) is poised to receive a significant boost of 922.4 billion Congolese Francs (CDF) in October 2024 due to the renegotiation of the Sino-Congolese contract. This anticipated cash flow plan outlines a total of public resources amounting to 2,483.4 billion CDF, which includes exceptional revenues from the revised agreement. Congolese authorities aim for this amendment to rebalance benefits between the two parties involved. For October 2024, public expenditure is estimated at 3,071.8 billion CDF, highlighting the necessity for rigorous management of public finances. The DRC… Read More Here
Copper Prices Projected to Rise as DRC and Zambia Prepare for Increased Production 6 Mining in DRC Copper Mining in Zambia 

Copper Prices Projected to Rise as DRC and Zambia Prepare for Increased Production

Constance
Copper prices are anticipated to average around US$10,265 per tonne in the final quarter of 2024, according to estimates from Fastmarkets. Analysts at Reuters, a commodity price intelligence firm, suggest that positive economic outlooks in the United States and China will contribute to upward pressure on copper prices. Goldman Sachs has also predicted a gradual increase in copper prices in the coming months. The American bank projects that the price of copper will reach US$10,100 per tonne by 2025. This price rise is expected to enhance the revenues of copper… Read More Here
Cobalt Institute Hosts Roundtable in Kinshasa to Address Concerns Over Child Labor in Congolese Cobalt Production 7 Mining in DRC Cobalt 

Cobalt Institute Hosts Roundtable in Kinshasa to Address Concerns Over Child Labor in Congolese Cobalt Production

Constance
The Cobalt Institute, a global trade association representing the entire cobalt industry and value chain, held a roundtable discussion on Thursday, October 17, in Kinshasa. The focus was on the potential inclusion of Congolese cobalt in the U.S. Department of Labor’s 2024 list of goods produced by child or forced labor. Deputy Minister of Mines, Godard Motemona, actively participated in the roundtable, which brought together various stakeholders from both the public and private mining sectors. Notably, Chanda Uluca, the Division Chief for the African Zone of the U.S. Department of… Read More Here
Minister Kizito Pakabomba Urges Local Communities to Leverage Mining Subsidies for Development 8 Mining in DRC 

Minister Kizito Pakabomba Urges Local Communities to Leverage Mining Subsidies for Development

Constance
The Congolese Minister of Mines, Kizito Pakabomba, has called on decentralized territorial entities (ETDs) and communities in mining regions to establish clear and coherent development programs that effectively utilize the 0.3% subsidy from the turnover of mining companies, as mandated by current legislation. During a press café held in Kinshasa on Thursday, Minister Pakabomba emphasized the importance of planning projects tailored to the specific needs of local communities, noting that these initiatives could significantly impact provincial development. “The 0.3% of the turnover of industrial companies is allocated to local communities.… Read More Here
DRC Minister of Mines Advocates for Reforms in Mining Sector at CAMI Press Café 9 Mining in DRC 

DRC Minister of Mines Advocates for Reforms in Mining Sector at CAMI Press Café

Constance
The Mining Registry (CAMI) hosted its third press café on Thursday at the Pullman Hotel in Kinshasa, attended by the Congolese Minister of Mines, Kizito Pakabomba. During the event, Minister Pakabomba reiterated the government’s commitment to comprehensive reforms in the Democratic Republic of Congo’s mining sector. Among the proposed reforms are the revitalization of the General Inspectorate of Mines (IGM) and the establishment of a regulatory and marketing authority for strategic minerals. “We aim to collaborate with all stakeholders, including civil society and human rights and environmental organizations. Our goal… Read More Here
Cobalt Mining in Kolwezi Poses Serious Risks to Women's Reproductive Health 10 Mining in DRC Cobalt 

Cobalt Mining in Kolwezi Poses Serious Risks to Women’s Reproductive Health

Constance
An investigation by La Guardia Magazine highlights the severe health consequences of intensive cobalt mining in Kolwezi, DRC, particularly on women’s reproductive health. From 2018 to 2023, cobalt production surged by 63%, increasing from 104,000 tons to 170,000 tons due to rising global demand for this essential mineral for energy transition. However, this accelerated exploitation poses significant environmental and health risks, especially in the Musonoï district. Located less than two kilometers from Kolwezi’s center, Musonoï overlooks an open-pit mine operated by Compagnie minière de Musonoï (COMMUS), a subsidiary of the… Read More Here

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