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Category: Mining in DRC

Ivanhoe Mines Reports $31 Million Q3 Profit as Kamoa-Kakula Output Dips Amid Flooding 1 Corporate News Copper Mining in DRC 

Ivanhoe Mines Reports $31 Million Q3 Profit as Kamoa-Kakula Output Dips Amid Flooding

Constance
Ivanhoe Mines Q3 2025 Profit Falls to $31 Million as Kamoa-Kakula Faces Flooding; Kipushi and Platreef Projects Advance Ivanhoe Mines has reported a profit of $31 million for the quarter ended September 30, 2025, compared with $108 million in the same period last year. The decline was primarily driven by a lower share of profit from the Kamoa Holding joint venture (JV), which operates the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The company’s share of profit from the JV was $72 million lower year-on-year, as Kamoa-Kakula… Read More Here
Red Rock Resources Signs MoU to Launch Social Housing Factories in DRC 2 Mining in DRC 

Red Rock Resources Signs MoU to Launch Social Housing Factories in DRC

Constance
Red Rock Resources partners with DRC government to build social housing factories, supporting mining JV growth London-listed Red Rock Resources has reached a major milestone in its joint venture (JV) with Koto DRC, signing a memorandum of understanding (MoU) with the Democratic Republic of Congo’s Ministry of Rural Development to fund and commence construction of three factories for social housing. Each factory is expected to produce at least 3,000 housing units annually, marking the first tangible step in the JV’s broader plan to eventually establish 142 factories nationwide. The Koto… Read More Here
DRC Seeks $500 Million World Bank Support for Lobito Corridor Project 3 Transport and Logistics Mining in DRC 

DRC Seeks $500 Million World Bank Support for Lobito Corridor Project

Constance
DRC requests $500M from World Bank to develop Lobito Corridor, boosting regional trade and infrastructure During the IMF and World Bank Annual Meetings, the Democratic Republic of Congo (DRC) Finance Minister, Doudou Fwamba, submitted a $500 million financing request to the World Bank to support the Lobito Corridor project. The Finance Ministry confirmed that the institution has agreed to review the proposal. In discussions with World Bank Managing Director for Operations Anna Bjerde, Minister Fwamba outlined the government’s vision to spur economic growth along the strategic transport corridor, focusing on… Read More Here
CMOC expands DRC Kisanfu mine with $1.08B investment 4 Mining in DRC Corporate News 

CMOC expands DRC Kisanfu mine with $1.08B investment

Constance
Chinese mining giant CMOC expands DRC Kisanfu mine with $1.08B investment, strengthening global copper and cobalt leadership Chinese mining giant CMOC Ltd. is accelerating its growth in the Democratic Republic of Congo (DRC) with a $1.08 billion investment to expand its Kisanfu mine in Lualaba province. The second phase of operations, scheduled for completion in 2027, is expected to increase annual copper production by 100,000 tons, reinforcing CMOC’s position as a global copper leader. Record Financial Performance in 2025 CMOC’s financial results in 2025 have been exceptional. In the third… Read More Here
DRC Proposes Strategic Minerals Organization to Stabilize Global Market 5 Mining in DRC 

DRC Proposes Strategic Minerals Organization to Stabilize Global Market

Constance
DRC calls for creation of OPEC-style group for strategic minerals to boost African leverage and market stability The Democratic Republic of Congo (DRC) has called for the creation of an Organization of Strategic Minerals Producing and Exporting Countries, modeled on OPEC, to protect member interests and stabilize global markets for critical resources. The announcement was made on October 22, 2025, in Geneva. “The DRC, a country rich in strategic minerals, is advocating for an organization similar to OPEC to defend member interests, stabilize the strategic minerals market, ensure predictable revenues,… Read More Here
Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC 6 Mining in DRC Gold 

Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC

Constance
M23 rebels accused of stealing 500 kg of gold from Twangiza Mining’s DRC concession amid ongoing conflict Twangiza Mining has accused M23 rebels occupying its gold concession in eastern Democratic Republic of Congo (DRC) of stealing at least 500 kg of gold bullion—worth an estimated $70 million—since taking control of the site in May 2025. The company also alleged that some of its own employees assisted the rebels in smuggling the gold out of the mine, located in South Kivu province, where M23 has dramatically expanded its territorial control this… Read More Here
DRC Reaffirms Strategic Role in Global Energy Transition at Financial Times Africa Summit 7 Mining in DRC 

DRC Reaffirms Strategic Role in Global Energy Transition at Financial Times Africa Summit

Constance
DRC Highlights Mining Potential and Investment Opportunities at 2025 Financial Times Africa Summit At the Financial Times Africa Summit, held from October 21 to 22, 2025, in London, United Kingdom, the Democratic Republic of Congo (DRC) reaffirmed its commitment to consolidating its strategic position in the global energy transition. The event brought together international investors, policymakers, and mining sector experts. Representing the DRC, Minister of Mines Louis Kabamba Watum delivered a highly praised speech, urging global investors to explore the country’s exceptional mining potential. He emphasized that only 10% of… Read More Here
Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households 8 Mining in DRC Economy 

Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households

Constance
Congolese Franc Strengthens: Tshisekedi Urges Government to Reflect Gains in Household Prices Following his recommendation at the 63rd Council of Ministers meeting to establish a monitoring mechanism for the Congolese franc’s appreciation, President Félix Tshisekedi chaired an economic situation meeting on Wednesday evening, October 22, at the African Union City. The session brought together the Prime Minister, the Deputy Prime Ministers in charge of Budget and National Economy, the Minister of Finance, and several other senior government officials. President Tshisekedi emphasized the importance of consolidating citizens’ confidence in the national… Read More Here
CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets 9 Mining in DRC 

CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets

Constance
DRC Loses Over $1.3 Billion in Mutanda Mining Deals, CNPAV Calls for Transparency Based on official data and independent financial analyses, the coalition “Congo is Not for Sale” (CNPAV) revealed on Friday that the Democratic Republic of Congo (DRC) has lost substantial resources due to undervaluation and the opaque sale of Gécamines’ assets in the Mutanda Mining (MUMI) project. In its report titled “Cobalt at a Discounted Price, Corruption at Full Price,” presented during a conference at Sylikin Village in Kinshasa, CNPAV documented the losses and irregularities in detail: “In… Read More Here
Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute 10 Mining in DRC 

Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute

Constance
Washington Agreement 2025: How the DRC-Rwanda Deal Fuels U.S.-Backed Mineral Exploitation A recent report from The Oakland Institute criticizes the Washington Agreement, signed on June 27, 2025, between the Democratic Republic of Congo (DRC) and Rwanda, calling it a formalization of the ongoing illicit exploitation of the DRC’s mineral wealth by American companies via Rwanda. The U.S. and the Historical Exploitation of Congo’s Minerals The report highlights the long-standing strategic importance of Congolese resources to the United States. It notes that “the bombs dropped on Hiroshima and Nagasaki were made… Read More Here

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