Mining in DRC - Copperbelt Katanga Mining

Seven Miners Die in Mungwalu Gold Mine Tragedy Amid Heavy Rain

September 15, 2024September 15, 2024 Constance

On Thursday, September 12, 2024, a tragic incident occurred in the mining region of Mungwalu, Djugu Territory, about 85 kilometers north of Bunia in Ituri, where seven artisanal gold miners lost their lives after heavy rainfall flooded the “Makala” gold mine. According to local civil society reports shared with Radio Okapi, torrential rain caused water to flow from surrounding hills, flooding the mine and trapping the workers inside, unable to escape. This tragedy highlights the unsafe working conditions faced by artisanal miners in the region. Without proper safety measures, miners… Read More Here

Mining in DRC Contracts & tenders Copper Mining Supply Tenders

Glencore, Trafigura, and Mercuria Secure Copper Deals from DRC’s Gecamines

September 11, 2024September 16, 2024 Constance

Glencore Plc, Mercuria Energy Group, and Trafigura Group have successfully secured copper purchases from the Democratic Republic of Congo’s (DRC) state-owned mining company, Gecamines. This marks the first time Gecamines has marketed copper from its joint-venture projects. The three major commodity trading firms won bids to purchase copper from the Tenke Fungurume mine, a vast operation owned by China’s CMOC Group Ltd. and Gecamines. According to sources familiar with the deal, the Tenke Fungurume mine is one of the DRC’s largest copper and cobalt producers, with exports of 361,000 tons… Read More Here

Mining in DRC Copper Green Energy Hydro power plant

CMOC Secures Clean Energy to Power DRC Copper Mining Operations

September 11, 2024September 16, 2024 Constance

China-founded CMOC (formerly China Molybdenum) has partnered with Lualaba Power to boost clean energy supply for its copper mining operations in the Democratic Republic of Congo (DRC). This renewable energy initiative aims to support the company’s energy-intensive mining and smelting activities while improving regional power stability. The agreement, signed on May 25, involves the construction of the 200-megawatt Nzilo II hydroelectric project on the Lualaba River, downstream from the existing Nzilo I dam. This project will leverage the river’s natural flow and integrate solar power storage, with water being pumped… Read More Here

Mining in DRC Economy Partnership

DRC Strengthens Sino-African Cooperation to Boost Economic Diversification and Growth

September 11, 2024September 11, 2024 Constance

The Democratic Republic of Congo (DRC) is working to deepen its trade partnership with China, following commitments made at the 2024 Forum on China-Africa Cooperation (FOCAC). On Monday, September 9, President Félix Tshisekedi briefed government officials on the outcomes of his recent mission to China. During the visit, China reaffirmed its commitment to Africa’s development, pledging $50 billion over the next three years to support infrastructure, agriculture, and green energy projects across the continent. President Tshisekedi views this pledge as a “tremendous opportunity” for the DRC to secure a significant… Read More Here

Mining in Zambia Mining in DRC New Mining Projects

Ivanhoe Mines Announces MOU with Govt of Zambia to Facilitate Exploration & Development Activities

September 10, 2024September 10, 2024 Constance

Lusaka, Republic of Zambia–(Newsfile Corp. – September 10, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that on August 26, 2024, a memorandum of understanding (MOU) was signed with the Ministry of Mines and Minerals Development (Ministry of Mines) of the Government of the Republic of Zambia to support Ivanhoe Mines in commencing exploration activities in the country. The signing ceremony was attended by the Minister of the Ministry of Mines and Minerals Development, Hon. Paul Kabuswe MP, and Permanent… Read More Here

Mining in DRC Events & Expos

Citizens’ Forum Criticizes DRC’s Handling of Mineral Resources at China-Africa Cooperation Forum

September 9, 2024September 9, 2024 Constance

During the ninth Forum on China-Africa Cooperation (FOCAC) held in Beijing from September 3 to 6, the Citizens’ Forum in the Democratic Republic of Congo (DRC) strongly criticized the Congolese delegation’s approach, accusing it of compromising the nation’s mineral resources in favor of China. Forum Citoyen, a coalition of several Congolese civil society organizations, expressed disappointment in the delegation’s failure to protect the country’s interests. Central to their concerns is Amendment 5 of the Sicomines contract, signed last March, which they claim has led to massive losses for the DRC—estimated… Read More Here

Mining in DRC Events & Expos

DRC-China Forum: Minister of Mines Unveils Major Investment Opportunities in Congolese Mining

September 9, 2024September 9, 2024 Constance

At the DRC-China Economic Forum held in Beijing from September 2 to 3, 2024, Democratic Republic of Congo’s Minister of Mines, Kizito Pakabomba, emphasized the significant potential and investment opportunities within the Congolese mining sector, urging Chinese investors to seize these prospects. In his address on Tuesday, September 3, Minister Pakabomba outlined the various facilitation and support mechanisms that the DRC government has implemented to foster mutually beneficial partnerships. Speaking to an audience of Chinese economic operators, he reiterated that mining is the primary driver of economic growth and development… Read More Here

Mining in DRC Economy

Kamoa Copper Signs Partnerships with 13 Congolese SMEs to Boost Local Economy

September 9, 2024September 9, 2024 Constance

On August 22, Kamoa Copper formalized new partnership agreements with thirteen Congolese small and medium-sized enterprises (SMEs), under the oversight of the Regulatory Authority for Subcontracting in the Private Sector (ARSP). This initiative underscores Kamoa Copper’s commitment to supporting SME growth and fostering the development of a dynamic middle class in the Democratic Republic of Congo (DRC). In her address, Annebel Oosthuizen, Commercial Director of Kamoa Copper, expressed pride in the company’s role in organizing such initiatives. She emphasized Kamoa Copper’s crucial contribution to the DRC, the world’s leading cobalt… Read More Here

Mining in DRC Oil & Gas Petroleum

South Kivu Governor Bans Import of Fuel to Boost Local Revenue

September 9, 2024September 9, 2024 Constance

Jean Jacques Purusi, Governor of South Kivu province, has implemented a ban on mining companies and other businesses importing petroleum products from foreign countries, including Rwanda. He is now requiring that all fuel be sourced from local oil companies to prevent revenue loss for the province. “Chinese mining companies and road construction firms have been refueling in Rwanda each year. This practice is now strictly forbidden; all fuel must be purchased within the province,” Governor Purusi announced at a meeting held on Sunday, September 8, at Concorde Stadium. The governor… Read More Here

Mining in DRC Artisanal mining

Over 45 Arrested in South Kivu for Mining Fraud and Illicit Activities

September 9, 2024September 9, 2024 Constance

More than 45 individuals involved in fraud and illegal mineral exploitation in South Kivu have been arrested and detained at the central prison in Bukavu. Among those arrested are two magistrates. Governor Jacques Purusi made this announcement during a meeting at Concorde Stadium on Sunday, September 8. Governor Purusi condemned the “disorder” in the South Kivu mining sector and pledged to address it. “We initially believed there were only about a hundred entities illegally mining minerals in South Kivu. However, we discovered numerous illegal activities, including the use of acids… Read More Here