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Category: Mining in DRC

DRC Weighs Stake in $270M Zambia Power Link to Ease Mining Energy Shortages 1 Mining in DRC Electricity Mining in Zambia 

DRC Weighs Stake in $270M Zambia Power Link to Ease Mining Energy Shortages

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DRC Considers Equity in Zambia Power Project to Boost Copper Output and Tackle Energy Deficit The Democratic Republic of the Congo is considering taking an equity stake in a $270 million cross-border electricity project with Zambia, as persistent power shortages threaten production in one of the world’s most important copper regions. According to the finance ministry, the proposed investment would give Kinshasa a direct role in developing a 200-kilometre high-voltage transmission line linking Kalumbila in northwestern Zambia to Kolwezi, the heart of Congo’s copper belt. The line is expected to… Read More Here
DRC Accelerates Energy Sector Reforms with New Projects and World Bank Funding 2 Mining in DRC Energy 

DRC Accelerates Energy Sector Reforms with New Projects and World Bank Funding

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DRC Secures $250M World Bank Funding, Advances Power Projects to Boost Electricity Supply The Democratic Republic of the Congo is intensifying efforts to transform its energy sector through new infrastructure projects and strategic financing aimed at expanding electricity access and supporting economic growth. Speaking before the ATI-NTIC Commission of the National Assembly, Aimé Sakombi Molendo, Minister of Hydraulic Resources and Electricity, highlighted key progress, including the commissioning of the Kakobola hydroelectric power plant and the mobilization of major development funding. A cornerstone of this strategy is the approval of $250… Read More Here
BGFIBank Engages Industry Leaders at First Mining Summit Tech in Kolwezi 3 Mining in DRC Events & Expos 

BGFIBank Engages Industry Leaders at First Mining Summit Tech in Kolwezi

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BGFIBank Launches Innovative Financing Solution for DRC Mining Subcontractors at Mining Summit Tech 2026 BGFIBank participated in the first edition of Mining Summit Tech 2026, held on April 30, 2026, at the Congress Village in Kolwezi, Lualaba Province. The summit, focused on mining sovereignty and technological transformation, brought together industry leaders, mining operators, and digital sector stakeholders to explore the role of innovation in the sector. Introducing BGFIMines Flex During the event, BGFIBank RDC introduced BGFIMines Flex, a financing solution designed to address the operational needs of mining subcontractors by… Read More Here
ARSP Urges Stronger Local Transformation Agenda at Lualaba Mining Tech Summit 4 Mining in DRC Events & Expos Technology & Innovation 

ARSP Urges Stronger Local Transformation Agenda at Lualaba Mining Tech Summit

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DRC Launches Mining Tech Summit to Boost Local Value, Innovation, and Digital Mining Economy The Lualaba province in the Democratic Republic of Congo hosted the first edition of the Mining Tech Summit, focusing on mining sovereignty and the integration of technology into the extractive sector. The event brought together public and private stakeholders to explore ways to modernize and transform the country’s mining industry. Organized by the Ministry of Digital Economy, the Ministry of SMEs, the Regulatory Authority for Subcontracting in the Private Sector (ARSP), the Lualaba provincial government, and… Read More Here
Mixed Commodity Trends in DRC as Global Mining Prices Show Broad Decline 5 Mining in DRC Economy 

Mixed Commodity Trends in DRC as Global Mining Prices Show Broad Decline

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DR Congo Mining Export Prices Fall in Early May 2026 as Gold, Copper Drop While Nickel and Germanium Rise Export prices for mining commodities from the Democratic Republic of the Congo recorded an ընդհանուր downward trend on international markets during the period of May 4–9, 2026, reflecting softer global demand across several key resources. Among the hardest-hit commodities, gold posted a notable decline, falling from $155.28 to $151.79 per gram. Copper the country’s primary export also edged lower, decreasing from $13,177.50 to $13,102.50 per ton. Zinc followed a similar trajectory,… Read More Here
Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review 6 Mining in DRC Copper Corporate News Mergers & Acquisitions 

Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review

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Virtus Minerals Moves Forward with Chemaf Acquisition in DR Congo, Strengthening Oversight of Copper and Cobalt Assets The acquisition of Chemaf’s mining assets has entered a critical administrative phase in the Democratic Republic of Congo (DRC). On April 29, 2026, the Director General of the Mining Registry, Popol Mabolia Yenga, met with the Chairman of the Board of Virtus Minerals, the new owner of Chemaf. Chemaf (Congo Eastern Mining Frontier) primarily operates mining sites in the southern provinces of Lualaba and Haut-Katanga, at the heart of the country’s copper belt… Read More Here
First Trade Convoy from Eastern DRC Reaches Kinshasa via Green Corridor Launch 7 Mining in DRC Transport and Logistics 

First Trade Convoy from Eastern DRC Reaches Kinshasa via Green Corridor Launch

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DRC Kivu–Kinshasa Green Corridor Launches First Cargo Convoy to Kinshasa, Boosting East–West Trade Links The first convoy along the Kivu–Kinshasa Green Corridor has arrived in the Congolese capital, Kinshasa, marking a symbolic milestone for a major economic integration project designed to connect the eastern and western regions of the Democratic Republic of the Congo (DRC). Multimodal route showcases trade potential Departing from North Kivu, the convoy followed a multimodal transport route through Kisangani before continuing downstream along the Congo River to Kinshasa. It carried three containers of locally produced goods,… Read More Here
DRC Mining Boom Masks Heavy Reliance on China and Copper 8 Mining in DRC Copper 

DRC Mining Boom Masks Heavy Reliance on China and Copper

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DRC Mining Exports: Heavy Reliance on China and Copper Raises Economic Risk The structure of the Democratic Republic of Congo’s (DRC) mineral exports reveals a dual dependency on a dominant trading partner, China, and a single primary commodity, copper. This is the main finding of a report by consulting firm Target Sarl. China accounts for approximately 62% of the DRC’s mineral export volumes, confirming its position as the country’s leading export destination. This dominance is reinforced by significant Chinese investment in the mining sector, which supports production and infrastructure. However,… Read More Here
DRC Govt Launches Crackdown on Mining Fraud and Illegal Mineral Exploitation 9 Mining in DRC 

DRC Govt Launches Crackdown on Mining Fraud and Illegal Mineral Exploitation

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DRC Intensifies Fight Against Illegal Mining: Tshisekedi Orders Crackdown on Fraud Networks in Key Sector The government of the Democratic Republic of the Congo has announced a series of “coercive” measures aimed at tackling mining fraud and the illegal exploitation of minerals activities that continue to cost the country substantial revenue. The decision followed a high-level meeting on April 30 chaired by Deputy Prime Minister and Interior Minister Jacquemain Shabani Lukoo, alongside key cabinet members. The initiative comes in response to directives issued by President Félix Tshisekedi during the 87th… Read More Here
DRC Mining Exports Gain Momentum as Global Commodity Prices Rise 10 Mining in DRC Economy Gold 

DRC Mining Exports Gain Momentum as Global Commodity Prices Rise

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DRC Mineral Prices Climb: Copper, Gold, Tin and Zinc Rise While Cobalt Holds Steady Mining export prices from the Democratic Republic of the Congo are projected to trend upward on international markets during the period from April 27 to May 2, 2026, according to forecasts from the Ministry of Foreign Trade. The latest price index indicates broad-based gains across key mineral commodities, reflecting sustained global demand and improving market conditions. Gold, one of the country’s primary exports, is expected to increase to $155.28 per kilogram, up from $153.87 the previous… Read More Here

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