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Category: Mining in DRC

China Marks 76th Anniversary with Stronger Economic Ties to DRC 1 Mining in DRC Economy 

China Marks 76th Anniversary with Stronger Economic Ties to DRC

Constance
Chinese Ambassador Highlights $3 Billion Contribution and 100,000 Jobs from Sino-Congolese Cooperation At a ceremony marking the 76th anniversary of the founding of the People’s Republic of China, Chinese Ambassador to the Democratic Republic of Congo (DRC) Zhao Bin emphasized the significant economic gains from Sino-Congolese cooperation. Speaking before an audience of political leaders, diplomats, and business figures, Zhao underscored the tangible impact of Chinese companies in the DRC during 2024. Tangible Economic Contributions According to the ambassador, Chinese companies created over 100,000 jobs in 2024, while their tax contributions… Read More Here
DRC Nickel Prices Fall 0.09% Amid Global Market Fluctuations 2 Mining in DRC Battery Metals Economy Nickel 

DRC Nickel Prices Fall 0.09% Amid Global Market Fluctuations

Constance
Nickel Prices Slip Slightly as Global Market Volatility Persists The international price of nickel, a key export for the Democratic Republic of Congo (DRC), edged down by 0.09% to USD 13,342.90 per ton, compared to USD 13,355.24 the previous week, according to data released by the Ministry of Foreign Trade. This modest decline follows a 0.33% increase recorded during the week of September 15, when nickel traded at USD 13,400.23 per ton. The back-to-back shifts underscore the volatility of the global nickel market. Drivers of Price Fluctuations Commodity price movements,… Read More Here
DRC Prime Minister Chairs Economic Committee to Strengthen Congolese Franc and Banking Sector 3 Mining in DRC Economy 

DRC Prime Minister Chairs Economic Committee to Strengthen Congolese Franc and Banking Sector

Constance
DRC Government Moves to Consolidate Franc Stability and Restore Banking Confidence Prime Minister Judith Suminwa chaired a meeting of the Economic Situation Committee (ECC) last week to review the recent stabilization of the Congolese franc and outline measures to strengthen the country’s financial system. The meeting brought together key government and financial leaders, including Deputy Prime Minister for the National Economy Daniel Mukoko, Finance Minister Doudou Fwamba, Budget Minister Adolphe Muzito, the Minister of Portfolio, and the Governor of the Central Bank of Congo (BCC). Coordination Behind Franc Stability In… Read More Here
World Bank and DRC Strengthen Ties to Advance Inga Dam and Lobito Corridor 4 Mining in DRC Hydro power plant Transport and Logistics 

World Bank and DRC Strengthen Ties to Advance Inga Dam and Lobito Corridor

Constance
World Bank and DRC Focus on Inga Dam and Lobito Corridor to Drive Growth Finance Minister Doudou Fwamba Likunde Li-Botayi met with Albert Zeufack, World Bank Regional Operations Director, on Thursday to review ongoing cooperation and prepare for the Democratic Republic of Congo’s (DRC) participation in the Annual Meetings in October. The talks centered on strengthening the partnership, mobilizing new resources, and accelerating flagship projects such as the Inga Dam and the Lobito Corridor. Both initiatives are considered strategically vital for unlocking growth, boosting energy production, and enhancing regional integration.… Read More Here
Lobito Corridor and Rail Upgrades Set to Transform Africa’s Copper and Cobalt Transport 5 Mining in Zambia Cobalt Copper Mining in DRC Transport and Logistics 

Lobito Corridor and Rail Upgrades Set to Transform Africa’s Copper and Cobalt Transport

Constance
Billions Flow Into African Railways as Global Powers Compete for Critical Minerals Billions of dollars are being poured into railway expansion and upgrades across Africa to improve the transport of critical minerals such as copper, cobalt, tantalum, and coal from landlocked mines in the Democratic Republic of the Congo (DRC), Botswana, and Zambia to global markets. Major Railway Projects Underway Several large-scale projects are driving this transformation: Trans-Kalahari Railway (1,500 km): Designed to link Botswana’s coal and mineral reserves to export hubs. TAZARA Upgrade (1,860 km): A proposed $1.4 billion… Read More Here
Tshisekedi Says US-Brokered Peace Deal With Rwanda Fails to Halt Fighting in Eastern DRC 6 Mining in DRC Regional conflict 

Tshisekedi Says US-Brokered Peace Deal With Rwanda Fails to Halt Fighting in Eastern DRC

Constance
DRC’s Tshisekedi: US-Mediated Peace Deal With Rwanda Stalls as M23 Conflict Persists President Félix Tshisekedi of the Democratic Republic of Congo (DRC) said on Monday that a US-mediated peace deal with Rwanda, signed in June, has so far failed to stop fighting in the country’s conflict-ridden east. Speaking in New York, Tshisekedi thanked US President Donald Trump for his mediation efforts but stressed that violence persists. A Fragile US-Brokered Agreement The peace deal, brokered by Washington on June 27, sought to end Rwandan support for the M23 rebel movement, which… Read More Here
Tshisekedi Urges Global Action to Cut Rebel Financing From DRC’s Minerals 7 Mining in DRC 

Tshisekedi Urges Global Action to Cut Rebel Financing From DRC’s Minerals

Constance
At UN Assembly, DRC’s Tshisekedi Calls for Global Transparency to End Mineral-Fueled Conflicts Speaking on Tuesday, September 23, 2025, at the 80th Ordinary Session of the United Nations General Assembly, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) issued a strong appeal to world leaders: break the toxic link between mining revenues and the financing of non-state armed groups. According to Tshisekedi, this can only be achieved through a set of global reforms that ensure minerals are mined, traded, and consumed under transparent and responsible conditions. Key Measures… Read More Here
DRC Strengthens Mining Sector Oversight With New Provincial Tax Agreements 8 Mining in DRC 

DRC Strengthens Mining Sector Oversight With New Provincial Tax Agreements

Constance
DRC Mining Registry Signs New Deals With Provinces to Boost Revenues and Transparency Reforms in the Democratic Republic of Congo’s (DRC) mining sector continue to gain momentum, particularly in the area of mining remediation and transparency. On Friday, September 19, 2025, the Mining Registry (CAMI) signed a memorandum of understanding (MoU) with the province of Maniema to regulate the surface area tax on mining concessions. Under the agreement, CAMI will support Maniema in collecting this tax, while also providing technical expertise, shared databases, and training for local staff to strengthen… Read More Here
President Tshisekedi Defends DRC–KoBold Metals Mining Deal as “Win-Win” Partnership 9 Mining in DRC Exploration New Mining Projects 

President Tshisekedi Defends DRC–KoBold Metals Mining Deal as “Win-Win” Partnership

Constance
DRC President Tshisekedi Clarifies KoBold Metals Agreement: A Transparent “Win-Win” Deal, Not Exploitation The Congolese government and KoBold Metals signed an agreement in principle in July concerning mining operations in the Democratic Republic of Congo (DRC). Since then, the partnership has been the subject of widespread speculation, with false images and misleading claims circulating on social media. On the sidelines of the 80th United Nations General Assembly in New York this Monday, President Félix Tshisekedi addressed the controversy directly. He stressed that the deal with KoBold is not predatory, but… Read More Here
DRC Mining Firms Accused of Withholding $2.7M Meant for Community Development 10 Mining in DRC 

DRC Mining Firms Accused of Withholding $2.7M Meant for Community Development

Constance
DRC Court of Auditors: Mining Firms Owe $2.7 Million to Local Communities Under Mining Code Article 258 bis of the Democratic Republic of Congo’s Mining Code requires mining companies to allocate at least 0.3% of their annual turnover to community development projects. However, a recent investigation by the Court of Auditors revealed that several major operators failed to comply with this legal obligation between 2018 and 2023—despite recording significant revenues. According to the report, Om Metal Resources (OM), Société Anhui-Congo d’Investissement Minier (SACIM), and Société de Traitement du Terril de… Read More Here

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