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Category: Mining in DRC

Haut-Uele Governor Cracks Down on Irregular Mining Operations Backed by Chinese Expatriates 1 Mining in DRC 

Haut-Uele Governor Cracks Down on Irregular Mining Operations Backed by Chinese Expatriates

Constance
The provincial government of Haut-Uele has responded to numerous complaints from local communities regarding unregulated, large-scale semi-industrial mining activities conducted by cooperatives, many of which are supported by Chinese expatriates. During a face-to-face meeting with local journalists on Sunday, Governor Jean Bakomito Gambu, who recently returned from a two-week mission in the gold-rich Watsa territory, announced plans to address these concerns. Governor Bakomito emphasized that this initiative is the first step in a series of stringent measures his administration intends to implement to restore order in the mining sector and… Read More Here
AFREWATCH Criticizes Delayed Payments to Local Communities by Mining Companies in DRC 2 Mining in DRC 

AFREWATCH Criticizes Delayed Payments to Local Communities by Mining Companies in DRC

Constance
The NGO African Resources Watch (AFREWATCH) has raised concerns over the delayed payments by several mining companies in the Democratic Republic of Congo (DRC) toward the mandated 0.3% of their turnover, intended to benefit local communities most affected by mining activities. Jean-Pierre Lwamba, responsible for local community rights at AFREWATCH, highlighted in an interview with ACTUALITÉ.CD that the delays are primarily due to the late establishment of specialized organizations and the development of procedural manuals. Despite the necessary frameworks being established since 2021 and 2022, mining companies have yet to… Read More Here
ASADHO Accuses DRC’s National Electricity Company of Embezzling Over $938 Million 3 Mining in DRC Electricity 

ASADHO Accuses DRC’s National Electricity Company of Embezzling Over $938 Million

Constance
The African Association for the Defense of Human Rights (ASADHO) has accused the National Electricity Company (SNEL) of embezzling more than $938.7 million, including over $114.9 million in unpaid duties and taxes and $823.8 million in fines. In a press release issued on August 12, ASADHO stated that this amount is owed to the General Directorate of Customs and Excise (DGDA) in connection with the importation of electrical energy for mining companies operating in the Lualaba and Haut-Katanga provinces. The alleged misappropriation spans a period of 10 years, from 2014… Read More Here
DRC's Renegotiated Mining Contract with Chinese Enterprise Sparks Debate Over Missed Potential 4 Mining in DRC Cobalt Copper 

DRC’s Renegotiated Mining Contract with Chinese Enterprise Sparks Debate Over Missed Potential

Constance
The recently signed contract on March 14 between the Democratic Republic of Congo (DRC) and the Chinese Enterprise Group (GEC) continues to fuel discussions. Bodom Matungulu, president of the think tank RDC Stratégie, which specializes in public policy, argues that the renegotiated contract, known as “Amendment No. 5,” could potentially generate over $117 billion for the DRC, thanks to the significant reserves of copper and cobalt within the country’s subsoil. However, he contends that the contract represents only a small fraction of the DRC’s vast mining potential. “The deposits covered… Read More Here
Copper Prices Stabilize as DRC-Zambia Border Reopens After Brief Crisis 5 Mining in DRC Copper Economy Mining in Zambia 

Copper Prices Stabilize as DRC-Zambia Border Reopens After Brief Crisis

Constance
Global copper prices have stabilized below the USD 9,000 per tonne mark following the resolution of a brief but intense border dispute between the Democratic Republic of Congo (DRC) and Zambia. Earlier concerns about a potential disruption to one of the world’s key copper export corridors had driven prices up for two days. However, after reaching around USD 8,900 per tonne on August 13, 2024, prices dipped slightly below USD 8,800 as tensions eased. The border crisis began when the DRC unilaterally banned the import of beer, soft drinks, and… Read More Here
Zambia and DRC Resolve Trade Dispute, Reopen Border to Restore Commerce 6 Mining in Zambia Mining in DRC Transport and Logistics 

Zambia and DRC Resolve Trade Dispute, Reopen Border to Restore Commerce

Constance
Zambia and the Democratic Republic of Congo (DRC) have agreed to reopen their shared border on Monday after resolving a trade dispute that led to its closure over the weekend. In a joint statement, the commerce ministers of both nations announced, “The Zambian party informed the Congolese party that the border will be reopened to allow the free movement of people and goods between the Democratic Republic of Congo and the Republic of Zambia.” The agreement followed a meeting between Zambia’s Minister of Commerce, Trade, and Industry, Chipoka Mulenga, and… Read More Here
DRC Lifts Mining Suspension in South Kivu, Excluding Gold Extraction 7 Mining in DRC Gold 

DRC Lifts Mining Suspension in South Kivu, Excluding Gold Extraction

Constance
The Democratic Republic of Congo (DRC) has lifted a suspension on mining activities in South Kivu province, with the exception of gold extraction, as announced by the region’s governor on Thursday. Gold, tin ore (cassiterite), and high-tech mineral coltan are primarily mined by artisanal miners using rudimentary methods in this eastern province. However, the DRC’s gold production is often underreported, with significant quantities of the precious metal smuggled into global supply chains through neighboring countries. Governor Jean-Jacques Purusi Sadiki suspended all mining activities in the region in July, ordering companies… Read More Here
DRC Govt's Fuel Subsidies Keep Prices Low but Rack Up Significant Debt 8 Mining in DRC Oil & Gas Petroleum 

DRC Govt’s Fuel Subsidies Keep Prices Low but Rack Up Significant Debt

Constance
Deputy Prime Minister and Minister of National Economy, Daniel Mukoko Samba, disclosed on Monday during a joint press conference with Minister of Communication and Media, Patrick Muyaya, that the Congolese government is heavily subsidizing petroleum product prices to keep them affordable for the population. “Currently, a liter of gasoline costs 3,475 Congolese francs and diesel 3,465 francs. However, when you purchase a liter of fuel, you’re only paying a fraction of its actual cost. The government covers the rest,” said Mukoko Samba. He explained that the subsidy ranges from 2,100… Read More Here
Rising Tin and Gold Prices Signal Economic Boost for the DRC 9 Gold Mining in DRC Tin 

Rising Tin and Gold Prices Signal Economic Boost for the DRC

Constance
The Democratic Republic of Congo (DRC), whose economy heavily depends on raw material exports, received a positive boost this week as tin prices saw a 0.92% increase on the international market. According to the Ministry of Foreign Trade, tin is now trading at $29,533.75 per tonne, up from $29,264.00 the previous week. Additionally, gold prices also rose, climbing from $77.25 to $78.58 per gram as of August 12. These price increases come after a period of relative stability in the international markets. Given the DRC’s reliance on mining exports, such… Read More Here
President Tshisekedi Urges Fuel Price Reduction Amid Rising Costs 10 Mining in DRC Oil & Gas Petroleum 

President Tshisekedi Urges Fuel Price Reduction Amid Rising Costs

Constance
During the eighth meeting of the Council of Ministers, President Félix Tshisekedi called for urgent measures to lower fuel prices in the Democratic Republic of Congo (DRC). He highlighted potential opportunities within the current petroleum pricing structure that could lead to reduced costs at the pump for consumers. President Tshisekedi emphasized the need to reassess the average border price (PMF), logistics and operational costs, and various taxation elements. He instructed the Vice Prime Minister, the Minister of National Economy, the Minister of Hydrocarbons, and the Minister of Finance to evaluate… Read More Here

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