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Category: Mining in DRC

DRC and EU Launch Strategic Roadmap for Sustainable Development and Energy Transition 1 Mining in DRC Partnership 

DRC and EU Launch Strategic Roadmap for Sustainable Development and Energy Transition

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On an official visit to Belgium for Raw Materials Week, Democratic Republic of Congo (DRC) Minister of Mines Kizito Pakabomba delivered a pivotal speech in Brussels on Wednesday, December 11, 2024. The event marked the official launch of the DRC-EU roadmap, following the signing of a Memorandum of Understanding (MoU) between the DRC and the European Union on October 26, 2023. In his address, Minister Pakabomba emphasized the importance of this strategic partnership, rooted in shared values of sustainability, transparency, and inclusive development. He reaffirmed the DRC’s commitment to playing… Read More Here
President Tshisekedi Highlights DRC's Economic Resilience Amid Global Challenges 2 Mining in DRC Economy Governance 

President Tshisekedi Highlights DRC’s Economic Resilience Amid Global Challenges

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On Wednesday, addressing a joint session of parliament in Kinshasa, President Félix Tshisekedi outlined the Democratic Republic of Congo’s economic situation. Despite global economic shocks and geopolitical tensions, Tshisekedi emphasized that the country has demonstrated “exemplary” resilience and is adapting “successfully” to contemporary challenges, with promising signs of economic stability. “We are forecasting 6% growth this year, well above the 3.8% average expected for sub-Saharan Africa. Despite a slight slowdown, this result showcases our resilience to global and local challenges, providing a foundation for a more diversified, sustainable, and forward-looking… Read More Here
Glencore CEO Meets President Tshisekedi to Deepen Commitment to the DRC and Its People 3 Mining in DRC Corporate News 

Glencore CEO Meets President Tshisekedi to Deepen Commitment to the DRC and Its People

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Glencore Group CEO Gary Nagle held discussions with President Félix Tshisekedi and Prime Minister Judith Suminwa in Kinshasa on Tuesday, December 10. In a press release issued after the meeting, Glencore highlighted its intention to deepen its engagement with the Democratic Republic of Congo (DRC) and its citizens, especially in communities hosting its operations at Mutanda Mining (MUMI) and Kamoto Copper Company (KCC). Gary Nagle was accompanied by senior Glencore executives, including Anne Edwards, Head of Corporate Affairs; Marie-Chantal Kaninda, Chair of Glencore DRC; and Mark Davis, Managing Director of… Read More Here
Kamoa-Kakula Achieved a Record 45,019 Tonnes of Copper in November 4 Mining in DRC Copper Economy 

Kamoa-Kakula Achieved a Record 45,019 Tonnes of Copper in November

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Kolwezi, Democratic Republic of Congo – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 45,019 tonnes of copper in concentrate during the 30 days of November. The concentrators milled 1.2 million tonnes of ore at an average feed grade of 4.58% copper. Production for the year to November 30, 2024, from Kamoa-Kakula now totals 390,061 tonnes of… Read More Here
U.S. Investment Boosts Africa's Strategic Rail Link for Mining and Economic Growth 5 Mining in Zambia Angola Mining in DRC Transport and Logistics 

U.S. Investment Boosts Africa’s Strategic Rail Link for Mining and Economic Growth

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The Lobito Corridor is set to become the largest American investment in African railways, according to US President Joe Biden. This strategic railway link, connecting the Democratic Republic of Congo (DRC) and Angola, is poised to transform the transportation of essential metals used in vehicle manufacturing and wind turbines from mining sites to the port. Stretching 1,344 kilometers, the Lobito Corridor is designed to facilitate the transport of critical minerals, including copper and cobalt, which are vital for the global energy transition. The DRC, responsible for 70% of the world’s… Read More Here
Copper Price Stability Crucial for DRC’s Economic Future 6 Copper Economy Mining in DRC 

Copper Price Stability Crucial for DRC’s Economic Future

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The price of copper on global markets reached USD 9,044.50 per tonne, marking a slight increase of 0.04% compared to the previous week. This stability is crucial for the Democratic Republic of Congo (DRC), one of the world’s top producers of copper, a key metal in the global economy. Copper accounts for a significant portion of the DRC’s exports, making it a cornerstone of the national economy. The country has experienced a steady rise in copper prices over recent years, with prices even reaching historic highs. In 2023, copper exports… Read More Here
US President Joe Biden Announces $560 Million Funding for Lobito Trans-African Corridor 7 Mining in Zambia Angola Governance Mining in DRC Transport and Logistics 

US President Joe Biden Announces $560 Million Funding for Lobito Trans-African Corridor

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On Wednesday, December 4, 2024, US President Joe Biden unveiled more than $560 million in funding for the Lobito Trans-African Corridor, during a meeting in Lobito with Angolan President João Lourenço, DRC President Félix Tshisekedi, Zambian President Hakainde Hichilema, and the Vice President of Tanzania. The project, designed to connect the mining basins of the Democratic Republic of Congo (DRC) and Zambia to the port of Lobito, is crucial for transporting key natural resources such as copper and cobalt. President Biden emphasized that the Lobito Corridor represents a transformative opportunity… Read More Here
Félix Tshisekedi Highlights Strategic Importance of the Lobito Corridor for Regional Prosperity 8 Events & Expos Mining in DRC Mining in Zambia Transport and Logistics 

Félix Tshisekedi Highlights Strategic Importance of the Lobito Corridor for Regional Prosperity

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The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, emphasized the strategic significance of the Lobito Corridor during a multilateral meeting in Benguela, Angola, on Wednesday, December 4, 2024. This corridor, linking the DRC, Zambia, and Angola, is set to become a vital trade route, aiming to transport up to 20 million tonnes of goods annually by 2030. Tshisekedi highlighted its potential to drive economic development, particularly in the DRC’s copper and cobalt sectors, which are crucial to the global energy transition. “The Lobito Corridor, designed to transport… Read More Here
Kibali Gold Mine Honors Blessed Anuarite Nengapeta at 60th Anniversary Celebration 9 Mining in DRC Events & Expos Gold 

Kibali Gold Mine Honors Blessed Anuarite Nengapeta at 60th Anniversary Celebration

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Kibali Gold Mine, represented by its Country Director, Cyrille Mutombo, participated in the Eucharistic celebration marking the 60th anniversary of Blessed Anuarite Nengapeta in Isiro, Haut-Uélé Province. The colorful ceremony was attended by President Félix Tshisekedi, Prime Minister Judith Suminwa, elected officials, political leaders, and social actors, as well as the diocese of Isiro-Niangara. Kibali Gold Mine, based in the northeastern DRC, attended the event to honor the legacy of Blessed Anuarite, a symbol of morality, religious values, and commitment to promoting what is valuable. “It is a pleasure for… Read More Here
Primera Gold Renamed DRC Gold Trading as State Gains Full Ownership 10 Mining in DRC Economy Gold 

Primera Gold Renamed DRC Gold Trading as State Gains Full Ownership

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The Congolese government has renamed Primera Gold DRC SA to DRC Gold Trading SA following its complete acquisition of the company. Initially established as a joint venture between the Democratic Republic of Congo (DRC) and the United Arab Emirates in December 2022, the company is now fully under Congolese control. Revised statutes formalized the name change, with the shareholding structure now comprising 55% ownership by the state, 15% by Gécamines, and 30% by the Mining Fund for Future Generations (FOMIN). During the 60th anniversary of Blessed Anuarite Nengapeta in Buta… Read More Here

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