Mining in DRC - Copperbelt Katanga Mining

Molendo Sakombi Presents Draft Laws to Boost Cross-Border Oil Management with Angola and Uganda 1

Last Thursday, the Minister for Hydrocarbons of the Democratic Republic of Congo (DRC), Molendo Sakombi, presented two draft laws to the National Assembly aimed at improving the management and exploitation of oil resources in cross-border areas shared with Angola and Uganda. The first draft law, signed in July 2023, addresses governance and management agreements for the common oil zone. The second draft law involves an amendment signed on October 3, 2024, between the DRC and Angola. Additionally, the second law references agreements signed with Uganda on June 23, 1990, and… Read More Here

EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector

December 15, 2024December 15, 2024 Constance0 comment

EquityBCDC has announced the second drawdown of $282 million from its landmark syndication with FirstBank DRC SA, Ecobank RDC, and Standard Bank. This initiative, in collaboration with the Congolese government, aims to finance the country’s oil debt and ensure stability in the distribution of petroleum products nationwide. Of the total drawdown, EquityBCDC contributed $156 million, building on the success of the initial $123.5 million drawdown. The effective management of the first tranche has bolstered confidence in this second phase, which is designed to support oil companies and mitigate any potential… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Orders Audits of Perenco’s Oil Operations and Environmental Impact

December 15, 2024December 15, 2024 Constance0 comment

The Democratic Republic of Congo (DRC) has initiated two comprehensive audits of Perenco, the sole producer of oil in the country, based in the Kongo Central province. The audits aim to examine the company’s production activities and environmental practices. The Ministry of Hydrocarbons has tasked Alex Stewart International (ASI), a Liverpool-based auditing firm known for its rigorous reviews, with assessing Perenco’s technical and operational activities. ASI will focus on clarifying the management of Perenco’s mature onshore and offshore oil fields. In parallel, Environmental Resources Management (ERM), a specialist consultancy, has… Read More Here

Mining in DRC Hydro power plant

DRC Advances Energy Sector with Inga II and Renewable Projects

December 15, 2024December 15, 2024 Constance0 comment

The Democratic Republic of Congo (DRC) is taking significant steps to enhance its energy sector, with the G25 group of the Inga II Hydroelectric Power Plant set to produce an additional 1.2 million megawatt hours upon its rehabilitation. This development was highlighted by President Félix Tshisekedi during his December 11, 2024, State of the Nation address to Parliament. President Tshisekedi emphasized the centrality of energy to the country’s socio-economic transformation, stating, “Sustainable economic growth requires reliable, affordable, and sustainable access to energy. It drives raw material transformation, technological innovation, and… Read More Here

Mining in DRC Angola Governance Mining in Zambia Transport and Logistics

DRC Senate Approves Ratification of Lobito Corridor Agreement

December 15, 2024December 15, 2024 Constance0 comment

The Senate of the Democratic Republic of Congo (DRC) ratified the agreement establishing the Lobito Corridor Transit Transport Facilitation Agency (AFTTCL) during a plenary session on December 2, 2024. The agreement, signed on January 27, 2023, in Lobito, Angola, involves a partnership between the DRC, Angola, and Zambia. The bill, first presented to the Senate on November 22, 2024, was referred to the “External Relations” Committee for detailed review. The committee, led by Senator Lutundula Apala Pen Apala, recommended ratification, emphasizing the corridor’s strategic importance to the DRC’s economy and… Read More Here

Mining in DRC Cobalt Copper Economy

DRC Govt Takes Charge of Kamoa Mining Product Sales

December 15, 2024December 15, 2024 Constance0 comment

The Government of the Democratic Republic of Congo (DRC) has announced its direct involvement in the sale of mining products from Kamoa, a company in which the State holds a 20% stake. This move aims to better secure national economic interests within the crucial mining sector. Kamoa’s turnover is projected to reach $3 billion, and as part of this new strategy, the Government, through the Minister of the Portfolio, will oversee the pricing and sale of mining products. Minister Jean-Lucien Bussa made this announcement during the Estates General of the… Read More Here

Mining in DRC Events & Expos

Miguel Kashal Highlights DRC’s Value Chain Potential at Global Citizen Forum

December 15, 2024December 15, 2024 Constance0 comment

The Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal, led a high-level Congolese delegation at the Global Citizen Forum, held from December 4–5, 2024, in the United Arab Emirates. The fourth edition of the forum, themed “The Future of Wealth,” gathered prominent business leaders from across the globe. As a panelist, Kashal highlighted the Democratic Republic of Congo’s (DRC) investment potential and its commitment to fostering local content development. He emphasized the vision of President Félix Tshisekedi to empower the middle class and… Read More Here

Mining in Zambia Electricity Mining in DRC

Morocco, DRC, and Zambia Collaborate to Revolutionize Africa’s Electric Mobility Industry

December 15, 2024December 15, 2024 Constance0 comment

Rabat – Morocco, the Democratic Republic of Congo (DRC), and Zambia have launched a groundbreaking initiative to establish a regional value chain for electric mobility in Lusaka, Zambia, aimed at transforming Africa’s automotive sector. Led by the United Nations Economic Commission for Africa (ECA) Office for North Africa, the initiative entered its second phase on December 9, with representatives from all three nations in attendance. This project aligns with Africa’s goals to promote sustainable development, reduce fossil fuel dependency, and tackle challenges such as outdated vehicle fleets and inadequate public… Read More Here

Mining in DRC

MMG Kinsevere Boosts Community Inclusion with Youth Recruitment Initiative

December 13, 2024December 13, 2024 Constance0 comment

MMG Kinsevere has taken a major step in advancing its community inclusion efforts by integrating 200 young people from 26 villages surrounding its mining operations into its workforce. On Wednesday, December 11, 2024, these individuals officially joined the professional sector through recruitment by Congo Astrale Company (CAC), the new security provider tasked with safeguarding the mining site. The presentation ceremony took place at the Cultural Center in Kifita village, located in the Kipushi territory’s Bukanda sector. The event was attended by officials from various entities invited by CAC. Gaunce Bupe,… Read More Here

Mining in DRC Infrastructural Development

President Tshisekedi Unveils Ambitious Rural Infrastructure Plan for 2025

December 13, 2024December 13, 2024 Constance0 comment

In his annual State of the Nation Address at the People’s Palace, President Félix Tshisekedi presented an ambitious plan to rehabilitate rural infrastructure in 2025. This initiative is a key component of the Local Development Program of the 145 Territories (PDL-145T). The Head of State announced plans to rehabilitate 38,000 kilometers of agricultural service roads under the PDL-145T, along with 11,423 kilometers of additional priority roads, all within a single year. “This work will be accompanied by the deployment of road brigades in each province to ensure regular maintenance,” stated… Read More Here