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Category: Mining in DRC

Equity Group Posts 24% Profit Growth as Regional Subsidiaries Become Core Earnings Driver 1 Mining in DRC Economy 

Equity Group Posts 24% Profit Growth as Regional Subsidiaries Become Core Earnings Driver

Constance
Equity Group Holdings Q1 2026 Profit Rises 24% as African Subsidiaries Contribute Majority of Earnings Equity Group Holdings posted a 24% increase in profit after tax to KSh 19.1 billion (approximately CDF 556.4 billion) for the first quarter of 2026. The performance was driven largely by strong growth across its regional subsidiaries outside Kenya, marking a structural shift in the Group’s earnings base. The Nairobi-listed banking group, which operates in six African countries, also recorded a 16% expansion in its balance sheet to KSh 2.04 trillion (CDF 59.4 trillion). Growth… Read More Here
Barrick Tightens Ebola Safety Measures at Kibali Gold Mine Amid Deadly Congo Outbreak 2 Mining in DRC Gold Mining safety Safety & Health 

Barrick Tightens Ebola Safety Measures at Kibali Gold Mine Amid Deadly Congo Outbreak

Constance
Barrick Increases Ebola Screening at Kibali Mine as Congo Outbreak Death Toll Reaches 131 Barrick Mining has intensified Ebola prevention measures at its Kibali Gold Mine in eastern Democratic Republic of Congo (DRC) following a deadly outbreak in a neighbouring province. The company confirmed that no Ebola cases have been detected among workers at the mine. However, Barrick has introduced enhanced screening and monitoring procedures as a precautionary response to the outbreak, which has already claimed 131 lives, according to health officials. Ebola, a highly infectious virus transmitted through bodily… Read More Here
DRC Prime Minister Urged to Take Immediate Action Over Alleged Pollution and Health Damage Linked to Ruashi Mining 3 Mining in DRC 

DRC Prime Minister Urged to Take Immediate Action Over Alleged Pollution and Health Damage Linked to Ruashi Mining

Constance
Investigation Urges DRC Government to Act Over Environmental and Health Impacts of Ruashi Mining in Lualaba An investigation into the activities of Ruashi Mining has called on Democratic Republic of Congo Prime Minister Judith Suminwa to take urgent action over alleged environmental pollution and public health damage affecting communities in Kolwezi, the capital of Lualaba province. The report describes a worsening environmental situation in the Biashara neighborhood, where residents have raised concerns about chemical emissions, air pollution, and the impact of mining operations on public health and local infrastructure. According… Read More Here
Kibara Minerals to Export 9 Tonnes of Copper from DRC’s Tshopo Province to Hong Kong 4 Mining in DRC Copper Economy 

Kibara Minerals to Export 9 Tonnes of Copper from DRC’s Tshopo Province to Hong Kong

Constance
DRC’s Kibara Minerals Plans Export of 9 Tonnes of Copper from Tshopo to Hong Kong Nine tonnes of copper produced in Lubutu, located in the Tshopo Province of the Democratic Republic of Congo (DRC), are set to be exported to Hong Kong following completion of legal and tax procedures, according to a statement attributed to mining company Kibara Minerals. Company representative Johnny Makundo said the shipment will proceed once all regulatory requirements are fulfilled, including payment of duties to the provincial treasury. “We plan to export nine tonnes of copper… Read More Here
MMG Calls for Clarity on DRC’s Cobalt Export Quotas After Receiving Low Allocation 5 Mining in DRC Battery Metals Cobalt Economy 

MMG Calls for Clarity on DRC’s Cobalt Export Quotas After Receiving Low Allocation

Constance
MMG Seeks Policy Transparency as Congo Tightens Control Over Cobalt Exports China’s MMG Limited is seeking greater clarity on the Democratic Republic of Congo’s cobalt export policy after receiving what it described as a disappointing production quota, raising broader concerns about how the country’s new restrictions are being implemented. The Democratic Republic of Congo (DRC), the world’s leading producer of cobalt  a critical mineral used in electric vehicle batteries first suspended cobalt exports in February 2025 to reduce global oversupply and increase the value derived from its mineral resources. In… Read More Here
DRC Reports Over 1,000 kg of Germanium Hydroxide Output in 2025 Amid Highly Volatile Production 6 Mining in DRC Economy News in Brief 

DRC Reports Over 1,000 kg of Germanium Hydroxide Output in 2025 Amid Highly Volatile Production

Constance
DRC germanium hydroxide production reaches 1,068 kg in 2025 with sharp volatility and export volumes The Democratic Republic of Congo (DRC) produced 1,068.07 kilograms of germanium hydroxide in 2025, according to data from the Technical Unit for Mining Coordination and Planning (CTCPM) under the Ministry of Mines. During the same period, the country exported 1,079.87 kilograms of the material, indicating that nearly all recorded production was shipped abroad. The CTCPM notes that germanium hydroxide production in 2025 was highly unstable, following a pronounced “sawtooth” pattern marked by sharp fluctuations. The… Read More Here
DRC Mining Cadastre Reports Strong Revenue Growth and Advances in Mining Title Reforms 7 Mining in DRC 

DRC Mining Cadastre Reports Strong Revenue Growth and Advances in Mining Title Reforms

Constance
CAMI reports rising state revenues and major land recovery in DRC mining sector reform drive The Mining Cadastre (CAMI) presented its management report to members of the Senate’s ECOFIN and Good Governance Committee during a session held on May 8 in Kinshasa. The delegation, led by Board Chairman Crispin Mbindule Mitono and Director General Popol Mabolia Yenga, outlined recent institutional performance, governance improvements, and progress in managing mining titles and associated state revenues in the Democratic Republic of Congo. A key highlight of the presentation was the increase in revenue… Read More Here
Carter Center Backs DRC Mining Sector Audit as Govt Moves to Tighten Resource Governance 8 Mining in DRC Economy 

Carter Center Backs DRC Mining Sector Audit as Govt Moves to Tighten Resource Governance

Constance
Carter Center supports DRC mining audit targeting revenue repatriation, state mining firms, and joint venture governance The Carter Center has welcomed President Félix Tshisekedi’s decision to launch an audit of the Democratic Republic of Congo’s mining sector, approved during the 87th meeting of the Council of Ministers. The audit will focus on key governance areas, including compliance with obligations to repatriate mining export revenues, the management of mining joint ventures, and oversight of state-owned mining assets. In a statement issued on May 13, the organisation described the initiative as a… Read More Here
DRC Mining Revenue Reaches 7.9 Trillion CDF as Tax Authorities Dominate Collections 9 Mining in DRC Economy Mining tax 

DRC Mining Revenue Reaches 7.9 Trillion CDF as Tax Authorities Dominate Collections

Constance
DRC mining sector generates 7.9 trillion CDF in 2025 with tax authority DGI accounting for majority of revenues Mining revenues collected in the Democratic Republic of Congo (DRC) reached 7,947.5 billion Congolese francs in 2025, according to data published by the Technical Unit for Mining Coordination and Planning (CTCPM) under the Ministry of Mines. The figures show that the General Directorate of Taxes (DGI) remains the dominant revenue collector in the sector, accounting for 81% of total receipts, equivalent to 6,411.9 billion CDF. It is followed by the General Directorate… Read More Here
Illegal Mining Pressure Intensifies in DRC as ERG Reports Major Losses and Security Failures 10 Mining in DRC Cobalt Copper 

Illegal Mining Pressure Intensifies in DRC as ERG Reports Major Losses and Security Failures

Constance
ERG accuses organized illegal mining networks of costing up to $2bn annually in DRC copper and cobalt concessions Pressure is escalating across mining concessions in southeastern Democratic Republic of Congo (DRC), where Eurasian Resources Group (ERG) alleges that large-scale illegal mining networks are operating across several of its copper and cobalt sites in Lualaba and Haut-Katanga provinces. According to an internal report cited by industry sources, ERG’s subsidiaries including Comide, Swanmines, and Boss Mining estimate annual losses approaching $2 billion due to repeated incursions by artisanal and semi-organised miners into… Read More Here

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