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Category: Mining in DRC

Kamoa Copper Signs Partnerships with 13 Congolese SMEs to Boost Local Economy 1 Mining in DRC Economy 

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

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
South Kivu Governor Bans Import of Fuel to Boost Local Revenue 2 Mining in DRC Oil & Gas Petroleum 

South Kivu Governor Bans Import of Fuel to Boost Local Revenue

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
Over 45 Arrested in South Kivu for Mining Fraud and Illicit Activities 3 Mining in DRC Artisanal mining 

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

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
Félix Tshisekedi and Xi Jinping Strengthen China-DRC Partnership Ahead of 2024 FOCAC 4 Mining in DRC Economy Events & Expos 

Félix Tshisekedi and Xi Jinping Strengthen China-DRC Partnership Ahead of 2024 FOCAC

Constance
Félix Tshisekedi met with Chinese President Xi Jinping in Beijing last week, prior to the 2024 Forum on China-Africa Cooperation (FOCAC). Their talks centered on strengthening bilateral ties, trade, and diplomatic relations, with a special focus on China’s support for the DRC in the United Nations Security Council. During the meeting, President Tshisekedi reaffirmed the DRC’s commitment to the one-China policy, recognizing Taiwan as an integral part of Chinese territory. He expressed gratitude for China’s ongoing support within the UN, especially in maintaining the DRC’s sovereignty and stability in the… Read More Here
ERG Secures $150M Financing to Boost DRC Copper and Cobalt Operations 5 Mining in DRC Cobalt Copper 

ERG Secures $150M Financing to Boost DRC Copper and Cobalt Operations

Constance
Eurasian Resources Group (ERG) has secured a $150 million pre-export financing agreement with Bank of China Limited, London Branch, in collaboration with Glencore International. This financing will support ERG’s mining operations in the Democratic Republic of Congo (DRC), particularly at Metalkol, a unit focused on reprocessing copper and cobalt residues. The agreement hinges on a copper cathode supply contract from Metalkol, using future export revenues as collateral. This arrangement provides ERG with the liquidity needed to sustain its investments in the Kolwezi region. “We are delighted to support the continued… Read More Here
Lualaba Women's Organization Demand Environmental Accountability from Mining Companies 6 Mining in DRC 

Lualaba Women’s Organization Demand Environmental Accountability from Mining Companies

Constance
A women’s organization in Lualaba, the mining heartland of the Democratic Republic of Congo (DRC), has urged the Congolese government to enforce environmental standards and push mining companies to invest in sustainable development projects. This call to action was announced last week in Kolwezi by the Solidarity of Women on the Congo River (Soffleco). According to a report from the Congolese National Agency (ACP), Soffleco, which advocates for “climate justice for all through access to land,” has invoked the Constitution to highlight the environmental crimes associated with mining activities in… Read More Here
DRC President Urged to Address Chinese Mining Pollution at China-Africa Forum 7 Mining in DRC Events & Expos 

DRC President Urged to Address Chinese Mining Pollution at China-Africa Forum

Constance
Félix Tshisekedi, President of the Democratic Republic of Congo (DRC), visited Beijing, China, to participate in the 9th edition of the China-Africa Forum, which took place from September 4th to 6th, 2024. The forum brought together several African Heads of State. During the forum, President Tshisekedi engaged in discussions with his Chinese counterpart, Xi Jinping, focusing on key areas of cooperation, particularly in the Congolese mining sector, where Chinese companies have a significant presence. In an interview with, Léonard Zama, coordinator of a civil society organization in Greater Katanga, urged… Read More Here
ARSP DG Advocates Chinese-Congolese Partnerships for Value Chain Growth 8 Mining in DRC Events & Expos 

ARSP DG Advocates Chinese-Congolese Partnerships for Value Chain Growth

Constance
Miguel Katemb Kashal, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), called for a “win-win” partnership between Chinese and Congolese entrepreneurs during the DRC-China Economic Forum in Beijing on September 3, 2024. Addressing an audience that included members of the DRC government, Chinese business leaders, and other participants, Kashal emphasized the Congolese government’s support for this mutually beneficial collaboration. He highlighted the commitment of President Félix Tshisekedi to fostering such partnerships in the subcontracting sector. Kashal praised Chinese companies already partnering with Congolese businesses, noting… Read More Here
Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August 9 Mining in DRC Copper 

Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete has announced that the Phase 1, 2 and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a combined monthly production record of 40,347 tonnes of copper in concentrate and a combined monthly milling record of 1.1 million tonnes during August. On August 31, the Phase 1, 2 and 3 concentrators produced a combined daily production record of 2,096 tonnes of copper. This included 1,760 tonnes of copper from… Read More Here

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