Mining in DRC - Copperbelt Katanga Mining

Mining in DRC Infrastructural Development

DRC Govt to Fast-Track Funding for Key Development Projects

August 25, 2024August 26, 2024 Constance

The DRC government is set to accelerate funding for flagship development projects nationwide for the remainder of the year. This announcement was made on Wednesday by Daniel Mukoko Samba, Deputy Prime Minister and Minister of the National Economy, following an economic situation meeting with Prime Minister Judith Suminwa. Key projects include the Local Development Program for 145 Territories (PDL-145 T), focusing on rural development. This includes the construction and rehabilitation of agricultural service roads, rural water supply systems, and initiatives to promote agriculture in rural areas. “These efforts also extend… Read More Here

Mining in DRC Copper Gold Oil & Gas

DRC Central Bank Reports Price Increases in Oil, Copper, and Gold Amid Global Uncertainties

August 25, 2024August 25, 2024 Constance

The Central Bank of Congo’s observation barometer reported that as of August 14, 2024, the price of oil increased by 2.07% on a weekly basis, reaching USD 79.98 per barrel. This rise was driven by concerns over potential conflict in the Middle East between Israel and Iran, along with a sharp drop in U.S. commercial crude reserves by approximately 5.2 million barrels. Since December 2023, the oil price has risen by 2.71%. Copper prices surged by 3.12%, reaching USD 9,077.00 per ton, influenced by a strike at Chile’s Escondida mine,… Read More Here

Mining in DRC Gold Mining Personality

President Tshisekedi Appoints New Leadership at Primera Gold DRC SA

August 25, 2024August 25, 2024 Constance

On Wednesday, August 21, 2024, President Félix-Antoine Tshisekedi Tshilombo announced new appointments to the board and executive management of Primera Gold DRC SA via a presidential decree broadcast on national television (RTNC). Mr. Joseph Mahombi Kazibaziba has been reappointed as Director General, while Mr. Vagheni Pay Pay is reappointed as Chairman of the Board of Directors. The decree also introduces several new board members, including Mr. Placide Nkala Basadilua, former Director General of Générale des Carrières et des Mines (Gécamines). Nkala Basadilua is noted for his controversial tenure, which involved… Read More Here

Mining in DRC

Congolese Consortium Rejects Repurchase of Royalties from Dan Gertler

August 25, 2024August 25, 2024 Constance

The Congo N’est Pas à Vendre (CNPAV) consortium has firmly opposed the repurchase of royalties from Israeli businessman Dan Gertler, arguing that these royalties rightfully belong to the Congolese people and were originally acquired through corruption. This stance was articulated during a press conference held on August 23, 2024, at the Center for Studies for Social Action (CEPAS) in Gombe. The CNPAV presented two crucial documents during the conference, revealing recent findings from the Swiss justice system regarding Gertler’s controversial transactions and their impact on the Democratic Republic of Congo… Read More Here

Mining in Zambia Copper Mining in DRC Transport and Logistics

Southern Africa’s Railways Surge with Global Investment Amid Copper Boom

August 25, 2024August 25, 2024 Constance

Southern Africa’s railways are garnering international attention and attracting billions of dollars in investment, driven by the race to secure copper supplies essential for the energy transition. From Angola on the west coast to Tanzania on the east, governments and investors are poised to revive long-neglected rail lines and construct new ones. This surge in demand is largely fueled by the central African copperbelt shared by Zambia and the Democratic Republic of Congo. “We’re at a historic turning point,” said Babe Botana, Executive Director of the Southern African Railways Association.… Read More Here

Mining in DRC Angola Copper Mining in Zambia Transport and Logistics

Copper exports from DRC to the US begin via Lobito Atlantic Railway

August 23, 2024August 23, 2024 Constance

The first US-bound copper shipment from the Democratic Republic of the Congo (DRC) via the Lobito Atlantic Railway (LAR) has been successfully loaded. The cargo of copper cathodes, destined for Baltimore, was transported by train to Angola’s port of Lobito on August 19, according to global commodities trader Trafigura Group, part of the consortium holding the railway concession. This shipment follows earlier deliveries to European and Far Eastern ports since the Lobito Atlantic Railway began operating the concession in January 2023. LAR, a joint venture backed by Trafigura, Portuguese construction… Read More Here

Mining in DRC

Kolwezi Inaugurates $700,000 Water Management Project to Safeguard Artisanal Miners

August 23, 2024August 23, 2024 Constance

To contain and manage wastewater from the Musonoie Mining Company (COMMUS), two sumps were constructed at the Kamilombe artisanal quarry in Kolwezi, Lualaba Province, at a total cost of $700,000. These facilities were inaugurated on August 20, with representatives from the Congolese Government, CMDS, and artisanal miners in attendance. The project, a partnership between the Chinese mining company COMMUS and the Mining Cooperative for Development and Social (CMDS), was initiated after poorly managed water flow caused fatalities at the Kamilombe site in 2022. The sumps are designed to improve sanitary… Read More Here

Mining in DRC Copper

Former Gécamines Workers Appeal to President Tshisekedi Amid Kamoto Copper Crisis

August 22, 2024August 22, 2024 Constance

Former Gécamines workers have sent an urgent plea to President Félix Tshisekedi regarding the dire situation faced by those who defected to work at Kamoto Copper Company (KCC), a subsidiary of the Glencore group. These workers, who have not yet received their final payments, have taken drastic action by barricading all entrances to the KCC facility in protest. The protest follows a previous sit-in that lasted over 12 weeks in front of KCC’s offices in Lusanga. During that time, several protesters reportedly died, others were hospitalized, and one individual suffered… Read More Here

Mining in DRC Events & Expos Sponsored Content

Battery Metals Forum returns to Kinshasa

August 22, 2024August 27, 2024 Constance

Battery Metals Forum returns to Kinshasa in September as demand for key minerals and metals remains high Global demand means unprecedented opportunities Key role players in the battery manufacturing value chain from the private and public sectors are to converge in Kinshasa from 17–18 September for the Battery Metals Forum DRC-Africa. Battery production for EVs and renewable energy storage relies on several key minerals and metals, including cobalt, copper, lithium, nickel, graphite, manganese, rare earths and the 3Ts (tin, tungsten and tantalum). The DRC is the world’s leading producer of… Read More Here

Mining in DRC Copper

Kamoa-Kakula reports a record 35,941 tonnes of copper produced in July

August 20, 2024August 20, 2024 Constance

Phase 3 increases annual copper production capacity to over 600,000 tonnes, making Kamoa-Kakula the third-largest copper mining complex globally Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – August 19, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the Phase 3 concentrator at Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) has reached commercial production. In addition, Kamoa-Kakula’s Phase 1, 2 and 3 concentrators achieved a combined monthly production record of 35,941 tonnes of copper in July. Mr. Friedland… Read More Here