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Category: Mining in DRC

DRC's Minister of Mines Commits to Eradicating Child Labor in Cobalt Mining 1 Mining in DRC Artisanal mining Cobalt 

DRC’s Minister of Mines Commits to Eradicating Child Labor in Cobalt Mining

Constance
In a press release dated October 14, 2024, the Ministry of Mines of the Democratic Republic of Congo expressed its “astonishment” at the inclusion of Congolese cobalt on the list of products potentially associated with child labor, as reported by the United States Department of Labor. This statement follows a previous reaction from the government through the Ministry of Communication and Media. The ministry pointed out that while this decision highlights ongoing challenges in certain regions related to artisanal cobalt mining—representing only 5% of the country’s national production—it fails to… Read More Here
Goma Mining Conference Promotes Tax Compliance and Economic Development 2 Mining in DRC Economy Mining tax 

Goma Mining Conference Promotes Tax Compliance and Economic Development

Constance
The mining conference held on October 14, 2024, in Goma, North Kivu, Democratic Republic of Congo, served as a vital platform for local authorities to raise awareness among taxpayers in the mining sector about their obligations. The provincial government emphasized the importance of meeting tax responsibilities, warning that failure to comply could lead to the forfeiture of mining and quarry rights. “There was a pressing need to organize this mining day in Goma,” stated Peter Chirimwami Nkuba, the provincial governor. “It allowed the General Directorate of Revenue of North Kivu… Read More Here
DRC Achieves Milestone with First Local Export of Germanium Concentrate 3 Mining in DRC 

DRC Achieves Milestone with First Local Export of Germanium Concentrate

Constance
The Democratic Republic of Congo (DRC) is set to make its first export of locally processed germanium concentrate, produced in Lubumbashi by Société Terril de Lubumbashi (STL), a subsidiary of Gécamines. Germanium is a strategic metal crucial for various high-tech applications, including aerospace, optical technologies, and space exploration. According to a press release from Gécamines obtained by DESKECO, the inaugural batch of concentrated germanium will be shipped this week to Umicore, a Belgium-based mining company, for further processing and utilization in advanced technological applications. Previously, STL relied on a refiner… Read More Here
DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection 4 Mining in DRC Copper 

DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection

Constance
During a recent Council of Ministers meeting in Kinshasa, the Minister of Mines emphasized the necessity for the Congolese government to participate in the selection of buyers for Kamoa Copper. This mining company, located 25 kilometers west of Kolwezi in the Mutshatsha territory of Lualaba province, is recognized by international mining consultant Wood Mackenzie as the largest undeveloped high-grade copper discovery in the world. The Democratic Republic of Congo (DRC) is Africa’s leading copper producer and ranks fifth globally, contributing 5% of total world production. The Kamoa mine is notable… Read More Here
Zambia Launches Outward Trade Mission to Boost Relations with DRC 5 Mining in Zambia Economy Mining in DRC 

Zambia Launches Outward Trade Mission to Boost Relations with DRC

Constance
The Zambia Outward Trade Mission to the Democratic Republic of Congo (DRC) officially commenced in Lubumbashi on October 17, marking a significant step towards enhancing trade relations between the two neighboring countries. The Zambian government has reiterated its commitment to supporting local businesses in accessing new export markets for their products and services. During the event, Lillian Bwalya, Permanent Secretary of the Ministry of Commerce, Trade and Industry, represented the government and emphasized the importance of building long-term networks to foster trade and investment between Zambia and the DRC. “The… Read More Here
Gecamines Bids for Chemaf Resources Amid Ongoing Controversy Over Chinese Sale 6 Mining in DRC Cobalt Copper 

Gecamines Bids for Chemaf Resources Amid Ongoing Controversy Over Chinese Sale

Constance
The Democratic Republic of Congo’s state-owned miner, Gecamines, has submitted a bid for Chemaf Resources Ltd.’s unit in the country. This move comes months after Gecamines announced its intention to block a previous deal that would sell the copper and cobalt miner to a Chinese investor. Chemaf, which is backed by Trafigura Group, spent nine months searching for a buyer before announcing a sale to China’s Norin Mining Ltd. in June. Although Chemaf is still working to finalize that deal, it has faced opposition from the government and Gecamines, which… Read More Here
Metalkol Enters Copper Mark for Sustainable Production in the DRC 7 Mining in DRC Cobalt Copper Corporate News 

Metalkol Enters Copper Mark for Sustainable Production in the DRC

Constance
Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially entered the Copper Mark assurance process, following a letter of commitment signed on September 12. The Copper Mark, an assurance framework launched in 2020, is aimed at promoting responsible mineral sourcing and production across the copper, nickel, molybdenum, and zinc value chains. The assurance process is voluntary, transparent, and independent, involving third-party assessments by approved assessors. These evaluations will verify whether Metalkol meets the stringent requirements for responsible production practices. By participating in this process,… Read More Here
Glencore’s 6th Annual DRC Mining Conference Highlights ESG and Sustainability Efforts 8 Mining in DRC Cobalt Copper Events & Expos 

Glencore’s 6th Annual DRC Mining Conference Highlights ESG and Sustainability Efforts

Constance
On October 8, 2024, Glencore held its 6th annual conference in Kinshasa, Democratic Republic of Congo (DRC), bringing together key stakeholders to address crucial issues in the country’s mining sector. The event, an essential platform for industrial miners like Glencore, emphasized the promotion of Environmental, Social, and Governance (ESG) standards, traceability, and sustainability. Glencore has been a significant player in the DRC since 2007, contributing substantially to the nation’s economy through its copper and cobalt production. Its major assets include Kamoto Copper Company (KCC), co-owned with Gécamines (25% stake), and… Read More Here
Kibali Gold Mine Discovers Major Deposits, Expands Exploration in DRC 9 Mining in DRC Exploration Gold 

Kibali Gold Mine Discovers Major Deposits, Expands Exploration in DRC

Constance
At its 54th quarterly press conference on October 8 in Kinshasa, Kibali Gold Mines announced significant new deposit discoveries near its plant, boosting the mine’s long-term growth prospects. Mark Bristow, Barrick’s Chairman and CEO, shared that these discoveries will help maintain Kibali’s status as Africa’s largest gold mine for years to come. Bristow revealed that the newly identified “ARK” target, just 4 km from the processing plant, holds the potential for a high-grade deposit of several million ounces. This discovery, along with deeper extensions of the KCD deposit, will help… Read More Here
DRC Targets Companies Sourcing Conflict Minerals from Eastern Region 10 Mining in DRC Gold Tin 

DRC Targets Companies Sourcing Conflict Minerals from Eastern Region

Constance
The Democratic Republic of Congo (DRC) plans to intensify its crackdown on companies sourcing minerals from the conflict-ridden eastern region, where smuggling fuels one of the world’s most severe humanitarian crises. The government has already raised concerns with Apple Inc. regarding the potential connection between its sourcing of metals like tin, tantalum, and gold and the ongoing violence in the DRC. These minerals, vital to the tech industry, are reportedly being smuggled through neighboring Rwanda, according to a Bloomberg report. In April, the DRC alerted Apple to possible conflict minerals… Read More Here

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