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Category: Mining in DRC

DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports 1 Transport and Logistics Angola Mining in DRC Mining in Zambia 

DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports

Constance
The Development Bank of Southern Africa (DBSA) has approved up to $200 million in financing for the Lobito Corridor rail project, a US-backed initiative aimed at transporting critical minerals from Central Africa’s Copperbelt to the Atlantic port in Angola. Mpho Mokwele, DBSA’s Executive for Transacting, emphasized the project’s importance in supporting the global energy transition by facilitating the export of minerals essential for renewable energy technologies. “The Lobito Corridor is set to become the most competitive route for exporting these minerals, offering significant cost and time savings for exporters,” Mokwele… Read More Here
DRC Seeks New Gold Buyers After Taking Control of Primera Gold 2 Mining in DRC Gold 

DRC Seeks New Gold Buyers After Taking Control of Primera Gold

Constance
The Democratic Republic of Congo (DRC) is actively seeking new buyers for gold from its eastern regions after gaining full control of Primera Gold, a company previously involved in an exclusive contract to trade gold from these areas. The UAE-based Primera Group recently sold its stake in Primera Gold, which had been a joint venture with the Congolese government. This move ended a controversial agreement that granted Primera Gold sole rights to buy and sell gold mined by small-scale or artisanal miners in eastern Congo. Joseph Kazibaziba, Director-General of the… Read More Here
CKM EMAGAZINE SEPTEMBER – OCTOBER 2024 EDITION (PDF FORMAT) 3 CKM eMagazine Mining in DRC Mining in Zambia 

CKM EMAGAZINE SEPTEMBER – OCTOBER 2024 EDITION (PDF FORMAT)

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Just in case you have not yet receive the September– October 2024 edition of the CKM eMagazine, Here’s your free copy and don’t forget to share with your colleagues who might not only need this but would also benefit from the quality news and professional information provided in this special edition. The CKM eMagazine is massively distributed digitally reaching top decision makers in all the mining houses in Zambia and the DRC. We have over 115,000 followers on LinkedIn with over 65,000 CKM Newsletter subscribers with over 1,000,000 organic impressions . This Sept-October 2024 edition will be distributed massively at Electra Mining Africa 2024 in Johannesburg, South… Read More Here
US sees bipartisan backing for Africa critical minerals plan 4 Mining in DRC Cobalt Copper Transport and Logistics 

US sees bipartisan backing for Africa critical minerals plan

Constance
A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after a change in administration. The flagship of the plan — a railway project known as the Lobito corridor that connects copper and cobalt mines in the Democratic Republic of Congo to an Atlantic port in Angola — is already far advanced, Helaina Matza, acting special coordinator for the Partnership for Global Infrastructure and Investment, told reporters on Wednesday. “In many ways, there’s a… Read More Here
Landslide in Ituri Mining Area Claims Three Lives 5 Mining in DRC Mining safety 

Landslide in Ituri Mining Area Claims Three Lives

Constance
On Tuesday, August 27, 2024, a landslide near Mungwalu in Djugu territory, Ituri, resulted in the deaths of three individuals and injuries to five others. The landslide occurred due to the improper installation of explosives in a gold mine. Aitambi Itendeyi, Chief of Village Pluto Kpangba, confirmed the incident and highlighted that he had previously advised gold miners to leave such tasks to professionals to prevent accidents. Despite these warnings, the landslide led to a tragic outcome. This incident follows a similar disaster four months ago in Mbidjo, another mining… Read More Here
DRC Prime Minister and MYHYDRO Discuss Hydro Dam Project for Kabeya-Kamwanga 6 Mining in DRC Hydro power plant 

DRC Prime Minister and MYHYDRO Discuss Hydro Dam Project for Kabeya-Kamwanga

Constance
On Tuesday, Prime Minister Judith Suminwa Tuluka met with Mr. Paul Hinks, Managing Director of MYHYDRO, and his delegation at the Prime Minister’s Office. , A key topic of discussion was the installation of hydroelectric micro-dams, with a focus on a proposed project on the Luby River in Kabeya-Kamwanga, located 45 km west of Mbujimayi on national road RN 1. The Kabeya-Kamwanga micro-dam project is a flagship initiative for MYHYDRO in the DRC. “Kabeya-Kamwanga has been selected as the first site for our hydroelectric micro-dam technology. We have discussed the… Read More Here
Chinese Ambassador Highlights Progress and Future Projects During Mbuji Mayi Visit 7 Mining in DRC 

Chinese Ambassador Highlights Progress and Future Projects During Mbuji Mayi Visit

Constance
On Sunday, August 24, Zaho Bin, Ambassador of the People’s Republic of China to the Democratic Republic of Congo (DRC), conducted a field visit to Mbuji Mayi in Eastern Kasai. During his visit, he inspected the Polygone de la Minière de Bakwanga (MIBA) and the Mbuji Mayi airport, where a Chinese company is working on a new runway. Following his tour, Ambassador Zaho Bin expressed satisfaction with the ongoing construction at Mbuji Mayi airport. “I am impressed by the quality of the work carried out by the Chinese company. The… Read More Here
Gécamines Faces Proposed Overhaul to Address Deep-Rooted Challenges 8 Mining in DRC Cobalt Copper 

Gécamines Faces Proposed Overhaul to Address Deep-Rooted Challenges

Constance
Gécamines, one of the largest state-owned mining companies in the DRC, is poised for a major transformation following proposals from the human rights organization Justicia Asbl. During the Council of Ministers meeting on August 23, 2024, chaired by the Head of State, discussions centered on revitalizing Gécamines. However, Justicia Asbl argues that the current measures are insufficient to address the company’s deep-seated structural issues. In a statement released on Monday, Justicia Asbl advocated for a “total overhaul” of Gécamines, emphasizing that merely resuming mining activities will not resolve the company’s… Read More Here
ARSP Facilitates Telecom Subcontracting for Congolese Companies 9 Mining in DRC 

ARSP Facilitates Telecom Subcontracting for Congolese Companies

Constance
The Regulatory Authority for Subcontracting in the Private Sector (ARSP), under the leadership of Director General Miguel Kashal Katemb, has made significant strides in promoting local participation in service provision contracts, aligning with President Félix Tshisekedi’s vision for Congolese economic empowerment. In a recent development, the ARSP facilitated the entry of five Congolese subcontractors into the telecommunications sector, securing contracts with Huawei Technologies (RDC) SARL. The companies involved in these agreements are: 1.Wide Solution Technologies and Diversity SASU 2.EBEMBO LIKAYI MULTI-SERVICES SARL 3.HAYATCOM RDC SARLU 4.AFRO-EGYPT ENGINEERING SARL 5.HOPE WORK… Read More Here
DRC Gold Output Nears 2023 Total in Just Eight Months 10 Mining in DRC Economy Gold 

DRC Gold Output Nears 2023 Total in Just Eight Months

Constance
The Democratic Republic of Congo (DRC) has seen a remarkable surge in raw gold production, nearly matching last year’s total output in just the first eight months of 2024. According to recent statistics from the Central Bank of Congo (BCC), the DRC’s raw gold production reached 34,526 kilograms by early August 2024. This figure nearly equals the entire production volume for 2023. In comparison, the DRC produced 29,498.09 kilograms of gold in 2022, with industrial mining accounting for 28,492.68 kilograms and artisanal mining contributing a modest 1,005 kilograms. The previous… Read More Here

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