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Category: Mining in DRC

Central Bank of Congo Cuts Interest Rates Amid Strong Franc and Positive Economic Outlook 1 Mining in DRC Economy 

Central Bank of Congo Cuts Interest Rates Amid Strong Franc and Positive Economic Outlook

Constance
Central Bank of Congo Lowers Key Rate from 25% to 17.5% as Congolese Franc Strengthens and Economic Stability Improves Kinshasa, Democratic Republic of Congo — In response to an improving economic environment and a stronger national currency, the Monetary Policy Committee (MPC) of the Central Bank of Congo (BCC) has announced a significant easing of its monetary policy. According to André Wameso, Governor of the Central Bank of Congo, the benchmark interest rate has been reduced from 25.0% to 17.5%, marking a 750-basis-point cut. Additionally, the rate on marginal lending… Read More Here
President Tshisekedi Calls for a Balanced EU–DRC Partnership Centered on Shared Prosperity and Responsible Growth 2 Mining in DRC Governance 

President Tshisekedi Calls for a Balanced EU–DRC Partnership Centered on Shared Prosperity and Responsible Growth

Constance
DRC President Félix Tshisekedi Urges Europe to Embrace a Fair, Reciprocal Partnership for Sustainable Development and Critical Minerals Cooperation At Global Gateway Forum 2025, During the second edition of the Global Gateway Forum, President Félix Antoine Tshisekedi Tshilombo reaffirmed the Democratic Republic of Congo’s (DRC) commitment to forging a new partnership with Europe — one based on reciprocity, mutual respect, and shared interests. Addressing European leaders gathered in Brussels, President Tshisekedi called for an end to unequal cooperation models and urged the creation of a mature, balanced economic relationship focused… Read More Here
EU Unveils €180 Million Support Package for DRC to Boost Peace, Sustainability, and Responsible Mining 3 Mining in DRC 

EU Unveils €180 Million Support Package for DRC to Boost Peace, Sustainability, and Responsible Mining

Constance
European Union Pledges €180 Million to Strengthen Peace and Responsible Mining in the Democratic Republic of Congo under Global Gateway Initiative Brussels, Belgium — European Commission President Ursula von der Leyen announced on Thursday a €180 million funding package for the Democratic Republic of Congo (DRC), aimed at promoting peace, regional integration, and sustainable development. The investment forms part of the EU’s Global Gateway Initiative, which focuses on building resilient and equitable partnerships with Africa. In a statement shared on her X account (formerly Twitter), von der Leyen commended the… Read More Here
Lobito Corridor Project: Progress, Challenges, and the Path Ahead 4 Mining in DRC Mining in Zambia Transport and Logistics 

Lobito Corridor Project: Progress, Challenges, and the Path Ahead

Constance
Lobito Corridor Project: DRC Pushes for Funding and Skills Development to Boost Regional Trade The Lobito Corridor project, an initiative championed by former U.S. President Joe Biden, aims to construct a railway connecting the Democratic Republic of Congo (DRC), Zambia, and Angola to the port of Lobito. Beyond exporting strategic minerals to the United States, the project seeks to open up Central Africa and strengthen regional trade. Although last September European Union and U.S. experts presented the results of feasibility studies in Kinshasa — particularly regarding the economic model —… Read More Here
Ivanhoe Mines Reports 71,266 Tonnes of Copper Produced by Kamoa-Kakula in Q3 2025 5 Copper Corporate News Mining in DRC Press Release 

Ivanhoe Mines Reports 71,266 Tonnes of Copper Produced by Kamoa-Kakula in Q3 2025

Constance
Johannesburg, South Africa–(Newsfile Corp. – October 7, 2025) – Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announced today the company’s third-quarter production results and an update on operational and project activities. During the third quarter, Kamoa-Kakula’s Phase 1, 2, and 3 concentrators milled a total 3.46 million tonnes of ore, producing 71,226 tonnes of copper. Copper production year to date totaled 316,393 tonnes. Production guidance of 370,000 tonnes to 420,000 tonnes of copper in concentrate is maintained, with mining… Read More Here
Fomin Holds $25 Million Stake in DRC Gold Trading Amid Concerns Over Fund Use 6 Mining in DRC 

Fomin Holds $25 Million Stake in DRC Gold Trading Amid Concerns Over Fund Use

Constance
DRC’s Fomin Mining Fund Invests $25M in Artisanal Gold Mining Firm Amid Legal and Transparency Concerns The Mining Fund for Future Generations (Fomin), a Congolese state institution created in 2018 to prepare for the post-mining era, holds a $25 million stake in DRC Gold Trading, a company engaged in artisanal gold mining in the Democratic Republic of Congo (DRC). This was confirmed in a recent report by African Resources Watch (Afrewatch). Faustin Biringanine, General Director of Fomin, confirmed the investment, stating:“Yes, we were instructed to take a stake in Primera… Read More Here
DRC Launches Nationwide Subcontracting Oversight to Boost Local Businesses and Economic Growth 7 Mining in DRC Governance 

DRC Launches Nationwide Subcontracting Oversight to Boost Local Businesses and Economic Growth

Constance
DRC Launches Comprehensive Oversight of Subcontracting to Boost Local Content and Economic Growth The Regulatory Authority for Subcontracting in the Private Sector (ARSP) has officially launched a nationwide oversight programme to regulate subcontracting activities in the Democratic Republic of Congo (DRC). At the launch event, ARSP Director General Miguel Kashal called on principal companies and subcontractors to work together to ensure the success of this initiative. “Through this launch, we pay tribute to President Félix-Antoine Tshisekedi Tshilombo, who has placed the ARSP at the centre of his strategy to create… Read More Here
Lualaba Assembly Calls for Urgent Return of Artisanal Mining Zones to Miners 8 Mining in DRC Artisanal mining 

Lualaba Assembly Calls for Urgent Return of Artisanal Mining Zones to Miners

Constance
Lualaba Provincial Assembly Urges Immediate Restoration of Artisanal Mining Zones to Address Mining Sector Tensions Kolwezi, Democratic Republic of Congo — Facing growing unrest in the mining sector, the Lualaba Provincial Assembly has called for urgent action to return artisanal mining zones (ZEA) to local miners. At the opening of its September 2025 session, Assembly President Jean-Marie Kaseya described the situation as “shameful” and insisted it must change immediately. Incidents Highlight Deep Social Tensions Recent incidents of looting have exposed deep dissatisfaction among artisanal miners, who lack legal access to… Read More Here
DRC Mines Minister Launches Groundbreaking Mission to Ituri and Haut-Uélé 9 Mining in DRC 

DRC Mines Minister Launches Groundbreaking Mission to Ituri and Haut-Uélé

Constance
DRC Mines Minister Louis Watum Kabamba Launches Mission to Boost Mining Development in Ituri and Haut-Uélé Bunia, Democratic Republic of Congo — Warmly welcomed at Bunia Airport, Minister of Mines Louis Watum Kabamba launched a field mission to the provinces of Ituri and Haut-Uélé on Saturday, October 4, 2025. The mission aims to reconnect the Ministry of Mines with local realities and reaffirm the Government’s commitment to making the mining sector a driver of community development. “I came to the field to take the temperature, bring the ministry closer to… Read More Here
DRC Seeks Strategic Investors to Develop Its Untapped Mineral Wealth 10 Mining in DRC 

DRC Seeks Strategic Investors to Develop Its Untapped Mineral Wealth

Constance
DRC Invites Global Investors to Unlock 90% of Untapped Mineral Resources The Democratic Republic of Congo (DRC) is calling for international investment to unlock the 90% of its vast mineral resources that remain untapped, according to Louis Watum Kabamba, the country’s Minister of Mines. Speaking at African Mining Week 2025 in Cape Town, Minister Kabamba urged global industry leaders to partner with the DRC in driving sustainable mining growth and economic transformation. “Ninety percent of our minerals are not yet exploited. The DRC is offering these opportunities to investors who… Read More Here

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