Mining in DRC - Copperbelt Katanga Mining

CAMI Urges Mining and Quarry Right Holders to Fulfill 2024 Payment Obligations 1

The Mining Registry (CAMI), the official portal for the Democratic Republic of Congo’s extractive sector, has issued a reminder to holders of mining and quarry rights. As of December 15, 2024, payments for annual surface rights for the 2024 financial year have not been confirmed by CAMI’s financial services. In a press release, CAMI’s Director General, Popol Mabolia, called on the affected holders to submit original proof of payment for both the CAMI quota and the DGRAD quota. The submission deadline is 45 days from the publication of the press… Read More Here

Mining in DRC Partnership

DRC and EU Forge Strategic Partnership to Transform Mining Sector

December 30, 2024December 30, 2024 Constance

At the 28th meeting of the Council of Ministers, the Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, announced the signing of a comprehensive roadmap with the European Union (EU). This ambitious partnership seeks to leverage the DRC’s vast mineral wealth as a catalyst for sustainable and inclusive development. The roadmap comprises 25 strategic actions across five key pillars: attracting investment, enhancing local infrastructure, improving governance and transparency in the mining sector, fostering scientific and technological cooperation, and creating skilled employment opportunities. The overarching goal is to maximize… Read More Here

Mining in DRC Corporate News New Mining Projects

DRC President Announces $50 Million Investment to Revive MIBA Mining Company

December 28, 2024December 28, 2024 Constance

The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, has announced a $50 million investment to revive the struggling Bakwanga Mining Company (MIBA). The announcement was made on Thursday, December 26, 2024, during his visit to Mbuji-Mayi, the capital of Kasaï Oriental province, as part of his ongoing tour of the country’s provinces. Amidst a warm welcome from the local population, President Tshisekedi emphasized the importance of strict oversight in the use of these funds to ensure the revitalization of MIBA, which has faced decades of financial challenges.… Read More Here

Mining in DRC

DRC Coltan Exports Surge Despite M23 Rebel Group’s Control in North Kivu

December 28, 2024December 28, 2024 Constance

Exports of coltan (tantalum concentrate) from the Democratic Republic of Congo (DRC) reached 265.90 tonnes, generating USD 6.76 million during the first quarter of 2024, according to provisional data released by the Ministry of Mines. The Haut-Katanga region leads the country’s coltan exports, with 99.64 tonnes valued at USD 1.83 million. South Kivu follows closely with 67.40 tonnes, worth USD 1.73 million, while Tanganyika ranks third with 58.80 tonnes, generating USD 1.86 million. North Kivu, where the M23 rebel group continues to destabilize the region, ranks fourth with 40.06 tonnes… Read More Here

Mining in DRC Gold Tin

Congolese Mining Sector Boosted by Rising Tin and Gold Prices

December 28, 2024December 28, 2024 Constance

The Congolese mining sector is experiencing a significant revival, driven by the recent surge in the price of tin on international markets. According to the latest data from the National Commission of Mercuriales within the Ministry of Foreign Trade, the price of a tonne of tin reached $29,306 USD during the week of December 23–28, 2024. This marks a 1.06% increase compared to the previous week. The Commission’s report also highlights that the price of tin stood at $28,998 USD per tonne during the week of December 16–22, 2024, reflecting… Read More Here

Diamond Economy Mining in DRC

DRC Diamond Exports Continue Strong Performance in Early 2024

December 28, 2024December 28, 2024 Constance

In the first quarter of 2024, the Democratic Republic of Congo (DRC) reported diamond exports totaling 1,970,188.55 carats, generating revenues of USD 17.96 million, according to the Technical Cell for Coordination and Mining Planning (CTCPM). This underscores the DRC’s sustained significance in the global diamond industry. The primary markets for Congolese diamonds remain Belgium and the United Arab Emirates, both of which play pivotal roles in the international diamond trade. Belgium, historically a key diamond trading hub, imported 890,005.74 carats, valued at USD 7.28 million. Of these exports, industrial diamonds… Read More Here

Mining in DRC Economy Governance

DRC and Burundi Strengthen Bilateral Cooperation for Economic Growth

December 25, 2024December 25, 2024 Constance

President Félix-Antoine Tshisekedi of the Democratic Republic of Congo (DRC) met with his Burundian counterpart, Évariste Ndayishimiye, on Sunday, December 22, 2024, in Bujumbura for a friendship visit aimed at enhancing bilateral relations and regional stability, key to the economic development of both nations. This two-hour meeting marks a significant step in revitalizing the economic ties between the DRC and Burundi. The two leaders emphasized the importance of deepening trade and cross-border collaborations, particularly in infrastructure, energy, and natural resources. According to a source close to the Congolese presidency, “The… Read More Here

Mining in DRC Electricity Energy Events & Expos

DRC Energy Consultations Set Goal to Achieve 62% Electricity Access by 2030

December 25, 2024December 25, 2024 Constance

The “DRC Energy Compact” program, centered on the Democratic Republic of Congo’s (DRC) energy transition, concluded on Thursday, December 19, 2024, after two days of impactful discussions, innovative ideas, and strategic exchanges. Held under the patronage of President Félix-Antoine Tshisekedi, the event brought together experts, government officials, and institutional actors to address the challenges and opportunities in modernizing the DRC’s energy sector. Discussions focused on financing, international partnerships, and infrastructure development to expand access to sustainable energy across the nation. Supported by the World Bank and the African Development Bank… Read More Here

Mining in DRC Economy Governance

DRC President Promulgates $18 Billion Finance Law for 2025

December 25, 2024December 25, 2024 Constance

On December 22, 2024, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) officially promulgated the Finance Law for the 2025 fiscal year. The budget, unanimously adopted by both chambers of the Congolese Parliament, totals 51,553.54 billion Congolese francs (CDF), equivalent to approximately $18 billion at the budgetary exchange rate. The 2025 budget marks a 25.8% increase from the previous year, underscoring the government’s commitment to enhancing internal resource mobilization and optimizing financial authority performance. This significant growth reflects confidence in the national economy and bolsters the government’s credibility… Read More Here

Mining in DRC Infrastructural Development

Japan Commits $15 Million to Rehabilitate Maréchal Bridge in the DRC

December 25, 2024December 25, 2024 Constance

On December 23, 2024, the Japanese government announced a $15 million investment to rehabilitate the Maréchal Bridge in Matadi, located in Kongo Central province. The commitment was formalized by Japan’s Ambassador Extraordinary and Plenipotentiary to the Democratic Republic of Congo (DRC), Ogawa Hidetoshi, during a cooperation agreement signing ceremony in Kinshasa. Ambassador Ogawa emphasized that the rehabilitation of the bridge and its access roads will significantly enhance the living conditions of Kongo Central residents. The project will also improve the flow of transport on this strategic route, which is critical… Read More Here