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Category: Mining in DRC

DRC Strengthens Energy Sovereignty with New Oil Infrastructure Contracts 1 Mining in DRC Oil & Gas Petroleum 

DRC Strengthens Energy Sovereignty with New Oil Infrastructure Contracts

Constance
Democratic Republic of Congo signs oil infrastructure contracts to boost state control and energy autonomy The Democratic Republic of Congo has taken a significant step toward strengthening energy sovereignty with the signing of new oil infrastructure operating contracts. The agreements, signed on Tuesday, April 8, 2026, in Kinshasa, formalize collaboration between SEP Congo SA and the National Company for the Management of Oil Infrastructure (ENGIP-RDC SA). The ceremony was held at the Ministry of Portfolio under the leadership of Minister Julie Shiku, with the Minister of State for Hydrocarbons, Acacia… Read More Here
DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices 2 Mining in DRC Cobalt Copper Economy Gold 

DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices

Constance
Congo’s copper, cobalt, and gold exports rise in 2026, boosting mining sector revenues The Democratic Republic of the Congo is witnessing an upward trend in the international prices of its key mining exports, according to the latest official projections. The National Market Commission of the Ministry of Foreign Trade reported that for the period from April 6 to 11, 2026, several strategic raw materials are expected to record weekly price increases. Copper: Primary export on the rise Copper, the country’s main export, is projected to trade at $12,143.30 per ton,… Read More Here
Special Flat-Rate Tax Generated Nearly 20% of DRC Mining Revenues in 2023 Before Tax Reform 3 Mining in DRC Economy Mining tax 

Special Flat-Rate Tax Generated Nearly 20% of DRC Mining Revenues in 2023 Before Tax Reform

Constance
DRC’s Special Flat-Rate Tax contributed $1.1B to mining revenues in 2023, replaced by CIT and PIT in 2026 In the Democratic Republic of the Congo, the Tax on Profits and Gains, also known as the Special Flat-Rate Tax, contributed 19.54% of the state’s mining sector revenues in 2023, according to the latest report by the Extractive Industries Transparency Initiative (EITI), consulted by Deskeco.com. The tax generated approximately $1.1 billion for the Public Treasury, out of a total of $5.61 billion collected from the mining sector during the year. Other significant… Read More Here
Tenke Fungurume Mining Accounts for Over 20% of DRC Mining Revenues in 2023 4 Mining in DRC Cobalt Copper Corporate News 

Tenke Fungurume Mining Accounts for Over 20% of DRC Mining Revenues in 2023

Constance
CMOC’s Tenke Fungurume Mining leads DRC mining revenue contributions with $1.1bn in 2023, EITI report shows Tenke Fungurume Mining (TFM), a subsidiary of the CMOC Group, contributed 20.47% of total mining sector revenues in the Democratic Republic of the Congo during the 2023 financial year. The figures were disclosed in the latest report by the Extractive Industries Transparency Initiative (EITI) for the Democratic Republic of the Congo, released in early 2026. According to the report, TFM generated approximately $1.1 billion in government revenues out of the $5.6 billion collected from… Read More Here
DRC’s Heavy Reliance on Mining Revenues Highlights Urgent Need for Economic Diversification 5 Mining in DRC Economy 

DRC’s Heavy Reliance on Mining Revenues Highlights Urgent Need for Economic Diversification

Constance
Extractive sector generates 60% of DRC state revenue, underscoring risks of overdependence on mining The economy of the Democratic Republic of the Congo remains heavily dependent on the extractive sector, reinforcing calls for broader economic diversification to reduce fiscal vulnerability and support long-term development. In 2023, current and exceptional state revenues totalled more than $9.75 billion, according to a report by the Court of Auditors of the Democratic Republic of the Congo analysing the national accounts for that year. Of this total, approximately $5.85 billion, or about 60%, was generated… Read More Here
U.S. Backs Lobito Corridor Concession as Strategic Project in Partnership with DRC 6 Mining in DRC Transport and Logistics 

U.S. Backs Lobito Corridor Concession as Strategic Project in Partnership with DRC

Constance
United States Prioritizes Mota-Engil Concession for DR Congo’s Lobito Corridor to Strengthen Critical Minerals Supply Chains The United States has identified the awarding of the concession for the Congolese segment of the Lobito Corridor to Mota-Engil as a priority initiative under its strategic partnership with the Democratic Republic of the Congo (DRC), signed on December 4, 2025. Speaking at the Powering Africa Summit in Washington, D.C. on March 19, 2026, Nick Checker, a senior official in the U.S. State Department’s Bureau of African Affairs, described the concession award as one… Read More Here
DRC Govt Moves to Strengthen Gold Sector Governance and Combat Smuggling 7 Mining in DRC Gold 

DRC Govt Moves to Strengthen Gold Sector Governance and Combat Smuggling

Constance
Prime Minister Judith Suminwa Launches Reforms to Improve Gold Traceability, Boost Revenue, and Fight Illegal Trade in the Democratic Republic of Congo The Prime Minister of the Democratic Republic of the Congo, Judith Suminwa Tuluka, has reaffirmed the government’s commitment to strengthening the national strategy for monitoring and securing the flow of gold across the country. She made these remarks during the Council of Ministers meeting held on Friday, April 3, 2026. This initiative follows concerns previously raised by the President of the Republic during the 79th Council of Ministers… Read More Here
Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval 8 Mining in DRC Cobalt Copper Corporate News 

Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval

Constance
US Firm Virtus Minerals Secures Regulatory Approval to Restart Chemaf Mines, Boosting DRC’s Cobalt and Copper Production US-based Virtus Minerals announced it is moving to restart the Chemaf cobalt and copper mines in the Democratic Republic of Congo (DRC) after securing full regulatory approval. This marks the first acquisition of operating mines under the US–Congo minerals partnership, following a series of offtake agreements. Virtus stated that its immediate focus will be on inventory verification, technical and operational assessments, and restart planning across Chemaf’s asset portfolio, with timelines dependent on the… Read More Here
Ivanhoe Mines Updates Kamoa-Kakula Copper Production Guidance Amid Technical Optimisation 9 Corporate News Copper Mining in DRC 

Ivanhoe Mines Updates Kamoa-Kakula Copper Production Guidance Amid Technical Optimisation

Constance
Kamoa-Kakula Copper Complex Revises 2026–2027 Output, Targets 500,000+ Tonnes from 2028 SX-listed Ivanhoe Mines has released an updated independent technical report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The report incorporates changes to the mine design and extraction sequence and applies conservative geotechnical parameters to ensure long-term safety and operational stability. As a result, Ivanhoe has revised its production guidance for the complex to 290,000–330,000 tonnes of copper anodes in 2026 and 380,000–420,000 tonnes in 2027. The company expects annualised production to exceed 500,000 tonnes from… Read More Here
DRC Gold Exports Surpass $2.2 Billion in 2025 as Production Increases 4% 10 Mining in DRC Economy Gold 

DRC Gold Exports Surpass $2.2 Billion in 2025 as Production Increases 4%

Constance
DRC Gold Exports Reach $2.2 Billion in 2025 with Industrial Mining Driving Growth The gold sector remains a cornerstone of the Democratic Republic of Congo’s (DRC) economy, contributing significantly to national revenue. In 2025, total gold exports reached an estimated $2.2 billion, according to consolidated and provisional data from the Technical Unit for Mining Coordination and Planning (CTCPM) and other mining sector authorities. This export value corresponds to more than 28,201 kilograms of gold, highlighting the sector’s continued growth. Overall gold production in 2025 rose to 28,202.89 kilograms, up from… Read More Here

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