Category: Mining in DRC

DRC’s ARSP Voids Kibali Gold Mine Contracts with KMS, Boart Longyear and TAI Services Over Subcontracting Violations The Regulatory Authority for Subcontracting in the Private Sector (ARSP) has ordered the immediate cancellation of contracts deemed irregular between Kibali Gold Mine and three contractors KMS, Boart Longyear and TAI Services citing their ineligibility to conduct subcontracting activities under current regulations. The decision follows a compliance audit carried out in November 2025. According to the regulator, the companies failed to meet statutory requirements governing private-sector subcontracting, particularly in relation to accreditation, administrative… Read More Here

DRC Signs AXIS Programme Agreement to Launch Sovereign Gold Reserve Token (SGRT) for Debt-Free Development Financing The Ministry of Mines of the Democratic Republic of Congo and the Social Fund of the Democratic Republic of Congo (FSRDC) signed an Institutional Framework Agreement on February 19, 2026, to formalize cooperation on the national AXIS (Asset-eXchange-Impact-Sovereign) Programme and its associated financing mechanism, the Sovereign Gold Reserve Token (SGRT). According to the official statement, the agreement establishes a structured development financing framework based on the valuation of community assets supported by traceable and… Read More Here

DRC President Tshisekedi Orders Full Funding of Congolese Battery Council to Drive Local Battery Industry At the 78th meeting of the Council of Ministers on February 13, 2026, Félix Tshisekedi placed the financing of the Congolese Battery Council (CCB) at the centre of government priorities, describing it as a critical instrument for the Democratic Republic of the Congo’s economic transformation. The President reiterated that the creation of the CCB reflects a strategic shift away from an exclusively extractive mining model toward the development of integrated value chains for critical minerals.… Read More Here

DRC Mines Minister Says US Critical Minerals Framework Must Deliver Projects or Congo Will Seek Other Partners The Democratic Republic of the Congo (DRC) will pursue alternative partnerships if its minerals cooperation framework with the United States does not translate into concrete investment projects, Mines Minister Louis Watum Kabamba said. Speaking on the sidelines of the Investing in African Mining Indaba in Cape Town, Watum Kabamba stressed that the agreement with Washington remains a preliminary framework rather than a binding commercial deal. “Everything we have done with America is a… Read More Here