Mining in DRC - Copperbelt Katanga Mining

DRC to Issue First-Ever $1.5 Billion Eurobond to Finance Infrastructure and Boost Connectivity 1

Democratic Republic of Congo Launches $1.5B Eurobond to Fund Infrastructure and Drive Growth The Democratic Republic of Congo (DRC) will issue its first-ever Eurobond worth $1.5 billion, the Ministry of Finance announced on Friday. The bond aims to finance priority infrastructure projects and enhance national connectivity in line with the government’s 2024–2028 Action Program. A Eurobond is a debt instrument issued on international financial markets in hard currency—typically U.S. dollars—to attract foreign investors. In exchange, the issuing country commits to repaying the capital, plus interest, over an agreed period. According… Read More Here

WEF Report Urges Investment in Southern Africa’s Critical Minerals for Global Energy Transition

August 29, 2025August 29, 2025 Constance

Southern Africa Must Attract More Investment in Critical Minerals to Drive Global Clean Energy, WEF Report Finds A new report from the World Economic Forum (WEF) emphasizes the urgent need to unlock investment in Southern Africa’s critical minerals to meet rising global demand for clean energy and low-carbon technologies. Launched on August 29, the report identifies key financing gaps in the region and showcases concrete case studies that can guide efforts to accelerate investment, support inclusive local growth, and position Southern Africa as a cornerstone of the global energy transition.… Read More Here

Mining in DRC

DRC Urged to Strengthen Oversight as $150 Million in Mining Revenues Missing from Community Funds

August 29, 2025August 29, 2025 Constance

DRC Parliamentarians and Mines Minister Push for Transparency in Mining Revenues for Local Communities On Thursday, August 28, 2025, the Minister of Mines, Louis Kabamba Watum, met with a delegation of national parliamentarians who presented their mission orders for a parliamentary visit to North Kivu province. The discussions centered on the 0.3% allocation of mining companies’ turnover—a provision in the 2018 Mining Code designed to improve the living conditions of local communities. The lawmakers reaffirmed their determination to ensure that this allocation genuinely benefits the affected populations. They also stressed… Read More Here

Mining in DRC Governance

DRC Launches Workshop to Strengthen Mining Governance and Promote Local Value

August 28, 2025August 28, 2025 Constance

Democratic Republic of Congo Advances Mining Governance with National Dialogue Workshop The Congolese mining sector is gaining renewed momentum. On Wednesday, August 27, 2025, Minister of Mines Louis Watum Kabamba officially launched a workshop aimed at presenting, consolidating, and adopting recommendations from the national dialogue on mining governance. Organized by the Crisis Committee for Peace and Security (CCPS-DRC) with technical and financial support from German cooperation (GIZ), the two-day workshop seeks to ensure effective ownership of the dialogue’s conclusions and establish a foundation for inclusive, sustainable, and transparent mining governance.… Read More Here

Mining in DRC Artisanal mining Mining safety

Landslides Claim Three Lives in North Kivu’s Walikale Artisanal Mines

August 28, 2025August 28, 2025 Constance

North Kivu Mining Tragedy: Three Artisanal Miners Killed in Landslides A devastating double landslide has struck the Walikale region of North Kivu, Democratic Republic of Congo, claiming the lives of three artisanal miners on Sunday, August 24, 2025. Local sources report that two miners died at the Kabombo mining site while working inside a shaft. “They were caught off guard by a sudden landslide while mining,” said the head of the Utunda group. On the same day, a separate landslide at the Angola site claimed another life. Recovery efforts were… Read More Here

Oil & Gas Mining in DRC News in Brief

DRC Oil Prices Record Modest Weekly Gain but Remain on Downward Trend

August 28, 2025August 28, 2025 Constance

DRC Oil Prices Rise 1.8% to $67.7 per Barrel Despite Yearly Decline The price of a barrel of oil, one of the Democratic Republic of Congo’s (DRC) key export commodities, rose to US$67.7 on August 22, 2025, up from US$66.9 the previous week, marking a 1.8% increase, according to the Central Bank of Congo’s latest economic report. As of August 21, oil prices were still 9.1% lower than at the end of 2024 and down 19.2% year-on-year, underscoring the sector’s ongoing challenges. Energy analysts say the weekly gain reflects a… Read More Here

Mining in DRC

DRC’s Niobium Exports Record Modest Price Uptick

August 28, 2025August 28, 2025 Constance

DRC Niobium Prices Edge Up on Global Markets Amid Stable Demand Niobium concentrate, one of the Democratic Republic of Congo’s (DRC) key export products, recorded a slight price increase on international markets during the week of August 25–30, 2025. The metal is now trading at US$5,633.04 per ton, up from US$5,629.12 the previous week, marking a modest 0.07% rise, according to price data released by the Ministry of Foreign Trade on August 26. Industry experts note that while the increase is marginal, it underscores the relative stability of global demand… Read More Here

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Africa Poised to Become Global Hub for Critical Minerals and Industrial Growth

August 28, 2025August 28, 2025 Constance

Africa Poised to Lead Global Critical Minerals Market with Strategic Industrial Transformation African nations have the opportunity to leverage their critical mineral resources to move beyond traditional extraction models and capture far greater value across the entire mining-to-manufacturing value chain. A new report from Boston Consulting Group (BCG) Africa, titled “Africa’s Critical Minerals Moment: A Strategic Blueprint for Sovereign, Sustainable, and Scalable Growth”, highlights the continent’s potential as a central player in the global critical minerals market, as demand is expected to more than double by 2040. Africa hosts some… Read More Here

Mining in DRC Battery Metals Corporate News Lithium New Mining Projects

KoBold Metals Expands Lithium Exploration in DRC with Seven New Permits

August 28, 2025August 28, 2025 Constance

KoBold Metals Secures Seven Lithium and Critical Mineral Permits in DRC Amid U.S. Investment Push KoBold Metals, the mineral exploration company backed by U.S. billionaires Jeff Bezos and Bill Gates, has secured seven new permits to explore lithium and other critical minerals in the Democratic Republic of Congo (DRC). The licenses were awarded weeks after the Berkeley, California-based company signed an exploration agreement with the Congolese government, part of a broader strategy to attract American investment into the country’s mining sector. The DRC is the world’s largest producer of cobalt,… Read More Here

Mining in DRC Copper Corporate News Press Release Zinc

Kipushi Debottlenecking Program Completed Ahead of Schedule and Under Budget

August 28, 2025August 31, 2025 Constance

Kipushi concentrator throughput rate increased by 20%, setting new production records Record 1,052 tonnes of zinc produced in 24 hours, equivalent to an annualized rate of over 340,000 tonnes Off-take agreement signed with Mercuria for up to one-third of high-grade zinc production Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announced yesterday that the debottlenecking program at the ultra-high-grade Kipushi Zinc Mine, in the Democratic Republic of Congo, was recently completed both ahead of schedule and under budget. Zinc production from the Kipushi concentrator has significantly… Read More Here