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Category: Mining in DRC

DRC Prime Minister Submits 2025 Budget Plan with Focus on Investments 1 Mining in DRC Economy Governance 

DRC Prime Minister Submits 2025 Budget Plan with Focus on Investments

Constance
On Monday, September 16, Prime Minister Judith Suminwa presented three key draft laws to the National Assembly: the 2025 finance bill, the 2024 budget performance report, and an amended 2024 budget law. The proposed 2025 budget amounts to 49,847 billion Congolese francs (approximately $18 billion USD), reflecting a 21% increase over the 2024 budget of 40,986 billion Congolese francs. The Prime Minister explained that the budget takes into account global economic disruptions, such as the ongoing conflicts in Ukraine and the Middle East, as well as internal challenges like the… Read More Here
U.S. Commits Support for DRC’s Lobito Corridor to Boost Regional Integration and Economic Growth 2 Mining in DRC Economy Transport and Logistics 

U.S. Commits Support for DRC’s Lobito Corridor to Boost Regional Integration and Economic Growth

Constance
During the 2nd edition of the DRC Battery Metals Forum, U.S. Ambassador to the Democratic Republic of Congo (DRC), Lucy Tamly, reaffirmed the United States’ commitment to supporting the Lobito Corridor project. This initiative is designed to enhance regional integration, create jobs, and boost global trade, particularly in agriculture, digital, and clean energy sectors. “We are focused on ways to assist the DRC in advancing the Lobito Corridor. This project is part of our global infrastructure and investment program aimed at improving regional connectivity—from mine to port—by linking the DRC… Read More Here
DRC Urged to Reclaim Mineral Wealth and Prioritize National Interests 3 Mining in DRC 

DRC Urged to Reclaim Mineral Wealth and Prioritize National Interests

Constance
With the Democratic Republic of Congo (DRC) at the center of global demand for critical minerals, many experts argue that the wealth generated by these resources must primarily benefit the Congolese people. This view was echoed by Franck Fwamba, a mining sector analyst, during the opening of the second DRC Africa Battery Matters Forum on September 17. Fwamba emphasized the need for the DRC to re-evaluate its relationships with foreign powers and regain control of its national wealth. He noted that countries like the United States, European Union, Australia, and… Read More Here
Justicia Asbl Calls for Legal Action Against Illegal Mining by Foreign Nationals in DRC 4 Mining in DRC Artisanal mining 

Justicia Asbl Calls for Legal Action Against Illegal Mining by Foreign Nationals in DRC

Constance
In Haut-Katanga province, the human rights organization Justicia Asbl has urged legal action against immigrants, particularly Chinese and Lebanese nationals, involved in illegal mineral exploitation in Kambove, southeastern Democratic Republic of Congo (DRC). This appeal was made in a press release issued in Kinshasa on Saturday. Justicia Asbl praised provincial Minister of Mines and Environment, Lucien Lumano, for ordering a halt to industrial mining activities on an artisanal site and for arresting illegal immigrants involved in the operation. The organization encouraged authorities to take legal measures to shut down illegal… Read More Here
Manono Lithium Secures Exploitation Permit for DRC Project 5 Mining in DRC Lithium 

Manono Lithium Secures Exploitation Permit for DRC Project

Constance
On September 20, Manono Lithium SAS announced the successful conversion of its Exploration Permit into an Exploitation Permit for the Manono lithium mine, granted by the Ministry of Mines on September 13. A company representative highlighted the significance of this milestone for the Democratic Republic of Congo (DRC) and its local communities: “This is a crucial step that will bring jobs, investment, and numerous benefits to the region. The project will also contribute to global climate change efforts by increasing lithium supply to international markets. We are committed to its… Read More Here
DRC Copper Production Reaches 1.74 Million Tonnes in First Seven Months of 2024 6 Mining in DRC Copper Economy 

DRC Copper Production Reaches 1.74 Million Tonnes in First Seven Months of 2024

Constance
Mining operators in the Democratic Republic of Congo (DRC) produced 1,738,800 tonnes of copper during the first seven months of 2024, according to data from the Central Bank of Congo (BCC). However, state-owned Gécamines contributed only a small portion to this total, with a production of 3,453 tonnes of copper within the same period. In comparison, the DRC’s mining sector achieved over 2.8 million tonnes of copper production throughout 2023, highlighting the continued significance of the sector to the country’s economy. Read More Here
EGC Reports Strong Exploration Results in DRC's Tombolo and Kanunka Blocks 7 Mining in DRC Exploration New Mining Projects 

EGC Reports Strong Exploration Results in DRC’s Tombolo and Kanunka Blocks

Constance
Enterprise Générale du Cobalt (EGC) has announced promising exploration results from its leases in the Tombolo and Kanunka blocks in Lualaba province, Democratic Republic of Congo (DRC). In collaboration with Cobalt for Development (C4D) and funded by BASF, BMW, Samsung SDI, STIHL, and Volkswagen Group, EGC has initiated a comprehensive exploration program. This includes geological mapping, surface and subsurface soil and rock sampling, and drilling target identification Initial analyses show significant mining potential for copper and cobalt in the Tombolo and Kanunka blocks, which cover a total area of 2.51… Read More Here
Tshisekedi and IGF Chief Discuss Anti-Corruption and Revenue Mobilization 8 Mining in DRC Governance 

Tshisekedi and IGF Chief Discuss Anti-Corruption and Revenue Mobilization

Constance
On Wednesday, September 18, President Félix Tshisekedi received the Inspector General of Finance (IGF), Jules Alingete Key, at the African Union City. The meeting, according to the Presidency, focused on the ongoing fight against corruption, embezzlement of public funds, and other unethical practices within the government. Alingete, who leads the IGF’s efforts to combat financial misconduct, presented a report on the institution’s monitoring of state financial operations. Jules Alingete emphasized that President Tshisekedi’s “clear and precise” directives aim to strengthen the IGF’s role in supporting the mobilization of public revenue.… Read More Here
Kamoa Copper Signs $75 Million in Contracts with 22 Local Subcontractors to Boost Congolese Participation 9 Mining in DRC Contracts & tenders Copper Mining Supply Tenders 

Kamoa Copper Signs $75 Million in Contracts with 22 Local Subcontractors to Boost Congolese Participation

Constance
To further President Félix Tshisekedi’s vision of empowering local businesses, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP) oversaw the signing of contracts between 22 Congolese subcontracting companies and the Kamoa Copper company in Lualaba province. The contracts, valued at $75 million, will provide these companies access to various markets within Kamoa’s operations, such as the supply of sulfuric reagents, acid, underground pipe installation, and gardening services. List of Subcontracting Companies and contracts: Total value of contracts awarded in July and August 2024: $75,074,532… Read More Here
DRC-Africa Forum: Professor Kanda Urges Local Refining to Unlock DRC's Mineral Potential 10 Mining in DRC Events & Expos 

DRC-Africa Forum: Professor Kanda Urges Local Refining to Unlock DRC’s Mineral Potential

Constance
Local mineral refining is essential for the Democratic Republic of Congo (DRC) to enhance its economy, drive industrial development, and solidify its sovereignty as a mineral-rich nation. This was the core message delivered by Professor Jean-Marie Kanda on September 17, 2024, during a panel on the development of the DRC-Zambia special economic zone, held at the DRC-Africa Forum. When asked about the timeline for the next battery production, Professor Kanda emphasized the immediate focus should be on refining critical minerals like cobalt and lithium. “Right now, I’m working to ensure… Read More Here

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