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Mining in DRC Events & Expos Sponsored Content

DRC’s Ministry of Industry and SMEs announces official support for the DRC-Africa Battery Metals Forum

September 18, 2024September 18, 2024 Constance

The DRC-Africa Battery Metals Forum in Kinshasais a major milestone as the DRC works towards building a sustainable battery precursor manufacturing industry. This is according to the DRC’s Minister of Industry and the Development of SMEs, H.E. Louis Watum, a pioneer of the mining industry before he joined the cabinet. The ministry has officially confirmed its support of and participation in this week’s event. In a statement issued in the run-up to the event, Minister Watum also extends an invitation “to investors, mineral processors, mining houses and all stakeholders interested… Read More Here

Mining in DRC Contracts & tenders Mining Supply Tenders

Five Companies Secure $73 Million in Contracts with SICOMINES

September 15, 2024September 16, 2024 Constance

Five subcontracting companies have secured contracts totaling USD 73 million with SICOMINES Mining Company, following a competitive selection process. This achievement was made possible through the support of the Private Sector Subcontracting Regulatory Authority (ARSP). The contracting companies are: 1.Exel Global Services SARLU 2.Bishworld SARL 3.Bofa SARL 4.Jadex Constructions SARL 5.Lake Region Venture The contract signing ceremony, held in Lualaba, was attended by ARSP Director General Miguel Kashal, who traveled from Kolwezi for the event. This milestone aligns with President Félix-Antoine Tshisekedi Tshilombo’s vision for entrepreneurship and local economic development.… Read More Here

Mining in DRC Governance

President Tshisekedi Launches Mineral Certification System for Better Resource Management

September 15, 2024September 15, 2024 Constance

On September 9, 2024, President Félix Tshisekedi initiated a groundbreaking project aimed at improving the management of natural resources in the Democratic Republic of Congo (DRC) by introducing a certification system for mineral reserves. This was announced during the first extraordinary meeting of the Council of Ministers. The certification system marks a major step toward transparency and traceability in the mining sector, which plays a vital role in the country’s economy. The system will ensure that each allocated mining concession is cataloged and assessed according to international standards, promoting fair… Read More Here

Mining in DRC Artisanal mining Gold

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