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Category: Mining in DRC

Cobalt Prices Rebound as DRC’s Export Ban Reshapes Global Battery Market 1 Mining in DRC Battery Metals Cobalt 

Cobalt Prices Rebound as DRC’s Export Ban Reshapes Global Battery Market

Constance
Cobalt Prices Soar 90% in 2025 as Congo Export Ban Tightens Supply for EV Batteries A surge in supply from the Democratic Republic of Congo (DRC)—which produces about 80% of the world’s cobalt—combined with sluggish demand from the electric vehicle (EV) sector, drove cobalt prices to historic lows at the beginning of 2025. Copper output in the DRC, much of it controlled by Chinese companies, rose sharply in 2024, driving a nearly 40% increase in the country’s cobalt production. In February, however, the Congolese government imposed a four-month export ban,… Read More Here
Ivanhoe Mines to Issue Kamoa-Kakula 2026 and 2027 Production Guidance Once Stage Two Dewatering Is Further Advanced 2 Mining in DRC Corporate News Press Release 

Ivanhoe Mines to Issue Kamoa-Kakula 2026 and 2027 Production Guidance Once Stage Two Dewatering Is Further Advanced

Constance
Kolwezi, Democratic Republic of the Congo – Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce that following the last update made on August 25, 2025, the Stage Two dewatering of the Kakula Mine has commenced on schedule, and that Kamoa-Kakula’s 2026 and 2027 copper production guidance will now be issued once Stage Two dewatering activities are more advanced. Three out of the four Stage Two high-capacity, submersible pumps were recently installed and commissioned on schedule. Kamoa-Kakula’s engineering team expect… Read More Here
Ivanhoe Mines Announces US$500 Million Strategic Private Placement with Qatar Investment Authority 3 Mining in DRC Corporate News Press Release 

Ivanhoe Mines Announces US$500 Million Strategic Private Placement with Qatar Investment Authority

Constance
Doha, Qatar–(Newsfile Corp. – September 17, 2025) – Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce today a US$500 million investment from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. In accordance with the investment, Ivanhoe Mines will issue 57,516,666 common shares to QIA by way of a private placement at a price of C$12.00 per share, yielding gross proceeds to Ivanhoe of approximately US$500 million. Upon completion of the investment, QIA will own… Read More Here
Rwanda and DRC Advance Peace Deal with Mineral Supply Chain Reforms 4 Mining in DRC Regional conflict 

Rwanda and DRC Advance Peace Deal with Mineral Supply Chain Reforms

Constance
Rwanda and DRC to Finalize Mineral Supply Chain Framework to Attract Global Investment Rwanda and the Democratic Republic of Congo (DRC) are preparing to finalize an economic framework that aims to reform mineral supply chains and attract international investment. The initiative, developed in partnership with third parties including the United States, follows the peace deal signed in Washington earlier this year. According to sources, the draft framework is currently under discussion with stakeholders such as private sector representatives, multilateral banks, and donor agencies. Rwanda and DRC are expected to meet… Read More Here
DRC Prime Minister Presents 2026 Finance Bill of $20.3 Billion to Parliament 5 Mining in DRC Economy 

DRC Prime Minister Presents 2026 Finance Bill of $20.3 Billion to Parliament

Constance
DRC 2026 Finance Bill: Prime Minister Suminwa Submits $20.3 Billion Budget with 16% Increase The September parliamentary session opened with a major institutional event at the People’s Palace. On Monday, September 15, 2025, Prime Minister Judith Suminwa Tuluka submitted the 2026 Finance Bill, estimated at 59,020.5 billion Congolese Francs (CDF), or USD 20.3 billion, alongside the Bill on the rendering of accounts for the 2024 fiscal year. The Prime Minister was accompanied by the Deputy Prime Minister in charge of the Budget, the Minister of Finance, and the Minister of… Read More Here
Kasai Province and CAMI Unite to Boost Mining Tax Revenues in DRC 6 Mining in DRC 

Kasai Province and CAMI Unite to Boost Mining Tax Revenues in DRC

Constance
Kasai and CAMI Sign Agreement to Regulate Mining Taxes and Strengthen Provincial Revenues The Mining Registry (CAMI) and the Kasai provincial government took a major step on Friday, September 12, 2025, by signing a memorandum of understanding to regulate surface taxes on mining concessions. The goal is clear: to maximize tax revenues from the mining sector for the direct benefit of the province. This agreement is part of a broader effort to reinforce the institutional capacity of provinces in managing mining activities. According to CAMI Director General Popol Mabolia Yenga,… Read More Here
Workers Urge DRC Govt to Finalize CHEMAF Sale to Protect Jobs 7 Mining in DRC Corporate News 

Workers Urge DRC Govt to Finalize CHEMAF Sale to Protect Jobs

Constance
DRC Mining: CHEMAF Workers Call on Government to Accelerate Sale and Safeguard Jobs CHEMAF SA, a private mining company active in the copper and cobalt sector in Haut-Katanga and Lualaba, is facing a deep crisis marked by declining production, aging equipment, and stalled investment. Workers are now appealing directly to President Félix Antoine Tshisekedi to accelerate the company’s sale and ensure the protection of jobs and social rights. In a statement, employees demanded that the government guarantee in writing: The safeguarding of jobs and social benefits The establishment of permanent… Read More Here
DRC Govt Adopts 2026 Draft Finance Law with $20.3 Billion Budget 8 Mining in DRC Economy 

DRC Govt Adopts 2026 Draft Finance Law with $20.3 Billion Budget

Constance
DRC Adopts 2026 Draft Finance Law: $20.3 Billion Balanced Budget Targets Growth and Reforms The Government of the Democratic Republic of Congo (DRC) has approved the 2026 draft finance law, projecting a balanced budget of 59,020.5 billion Congolese francs (approximately $20.3 billion USD). The adoption took place on Friday, September 12, 2025, during the 58th meeting of the Council of Ministers. The draft bill was presented by Adolphe Muzito, Deputy Prime Minister and Minister of the Budget, who emphasized that the 2026 budget reflects the government’s goal of consolidating macroeconomic… Read More Here
DRC Confirms Congo Fair Mining as Sole Owner of Rubaya Mine 9 Mining in DRC 

DRC Confirms Congo Fair Mining as Sole Owner of Rubaya Mine

Constance
DRC Confirms Congo Fair Mining’s Exclusive Ownership of Rubaya Tantalum Mine, Ending Years of Title Disputes The Council of State of the Democratic Republic of Congo has confirmed that Congo Fair Mining (CFM) is the sole legal owner of the Rubaya concession (PE 76), spanning 360 square meters, according to a press release issued by the company on Saturday, September 13, 2025. The statement explains that: “On April 30, 2025, the Council of State annulled PE 4731, which had been illegally awarded to SMB, and reaffirmed the indivisibility of PE… Read More Here
DRC Authorities Push for Legal Framework and Viable Zones to Manage Artisanal Mining Invasions 10 Mining in DRC Artisanal mining 

DRC Authorities Push for Legal Framework and Viable Zones to Manage Artisanal Mining Invasions

Constance
DRC Tackles Artisanal Mining Invasions: SAEMAPE Calls for Legal Compliance and Structured Solutions The invasion of mining sites by artisanal miners is increasingly causing conflicts and operational challenges in Grand Katanga and other mining regions across the Democratic Republic of Congo (DRC). In response, Jean-Paul Kapongo Kadiobo, Director General of the Assistance and Supervision Service for Artisanal and Small-Scale Mining (SAEMAPE), emphasized the strict application of Article 30 of the DRC Mining Code. He spoke at the closing of a high-level workshop co-organized by the Chamber of Mines, the Extractive… Read More Here

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