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Category: Mining in DRC

CMOC Reports $850 Million in Cobalt Sales Despite DRC Export Suspension 1 Mining in DRC Battery Metals Cobalt 

CMOC Reports $850 Million in Cobalt Sales Despite DRC Export Suspension

Constance
CMOC Posts Strong Cobalt Sales in 2025 Despite DRC Export Ban Chinese mining giant CMOC Group Ltd reported cobalt sales of 6.2 billion yuan ($850 million) between January and September 2025, down just 7.8% year-on-year, despite a months-long suspension of exports from the Democratic Republic of Congo (DRC). The ban, in place from February 21 to October 15, affected all of CMOC’s cobalt operations, including its flagship Tenke Fungurume and Kisanfu mines. The embargo cut cobalt sales volumes by 36% to 51,027 tons, but higher global prices offset much of… Read More Here
DRC’s 9th Mining Indaba Highlights Global Rush for Strategic Minerals 2 Mining in DRC Events & Expos 

DRC’s 9th Mining Indaba Highlights Global Rush for Strategic Minerals

Constance
Lubumbashi Hosts 9th Alternative Mining Indaba Focused on DRC’s Strategic Minerals and Sustainable Development Nearly 200 people participated in the 9th edition of the Alternative Mining Indaba, held in Lubumbashi, Haut-Katanga Province, in southeastern Democratic Republic of Congo (DRC), from October 29 to 31, 2025. The participants came from various provinces across the country and represented civil society organizations, local communities, and government institutions. This year’s event carried special significance under the theme “Strategic Minerals of the DRC: Between Global Geopolitical Stakes and Local Socio-Economic Impacts.” Claude Muteba, Executive Director… Read More Here
Turkish Ambassador Highlights Growing Economic and Strategic Ties with the DRC 3 Mining in DRC Economy 

Turkish Ambassador Highlights Growing Economic and Strategic Ties with the DRC

Constance
Turkey Projects $200 Million Trade with DRC in 2025, Targets $500 Million in Medium Term The Ambassador of the Republic of Turkey to the Democratic Republic of Congo (DRC), Murat Ülkü, praised the steady progress in economic and trade relations between the two countries on Wednesday, October 29, 2025, during a ceremony marking the 102nd anniversary of the founding of the Republic of Turkey. Ambassador Ülkü projected that bilateral trade between Turkey and the DRC would surpass USD 200 million this year, adding that both nations are working toward a… Read More Here
Carter Center Forum Calls for Tax Reform to Maximize DRC’s Mineral Revenues 4 Mining in DRC 

Carter Center Forum Calls for Tax Reform to Maximize DRC’s Mineral Revenues

Constance
Carter Center Urges DRC to Modernize Tax System and Boost Revenues from Copper and Cobalt for Sustainable Development On the sidelines of the 9th edition of the DRC Alternative Mining Indaba Conference, the Carter Center organized a forum on Thursday, October 30, 2025, bringing together civil society actors to discuss strategies for optimizing revenues from strategic minerals to finance sustainable development in the Democratic Republic of Congo (DRC), with a particular focus on the copper and cobalt sectors. The discussions, facilitated by Baby Matabishi, Fabien Mayani, and Ismaël Tutu, centered… Read More Here
Mercuria Energy Funds $100M Prepayments for ERG Copper Supply from the DRC 5 Mining in DRC Copper Corporate News 

Mercuria Energy Funds $100M Prepayments for ERG Copper Supply from the DRC

Constance
Mercuria Provides $100 Million to Support ERG’s Copper Projects in DRC Mercuria Energy Trading SA agreed to provide up to $100 million in prepayments to Eurasian Resources Group (ERG) as part of a three-year supply agreement for copper from the Democratic Republic of Congo (DRC). The financing aimed to support Luxembourg-registered ERG in developing its copper projects in the central African nation, the company said in an emailed statement on Thursday. Mercuria has been expanding aggressively into metals, with a particular focus on copper-rich nations in Central Africa. Its new… Read More Here
Louis Watum Strengthened Sino-Congolese Mining Ties During Official Mission to China 6 Mining in DRC 

Louis Watum Strengthened Sino-Congolese Mining Ties During Official Mission to China

Constance
DRC’s Minister of Mines Louis Watum Deepened Mining Cooperation with China’s Zijin Group During Beijing Mission Minister of Mines Louis Watum Kabamba carried out an official mission to Beijing, the capital of China, from October 24, 2025. According to the Ministry of Mines, the visit aimed to strengthen mining cooperation between the Democratic Republic of Congo (DRC) and China. At the invitation of Zijin Mining Group—the world’s third-largest mining company—the minister undertook a field visit to China on October 25 and 26, 2025. He was accompanied by the Chairman of… Read More Here
Ivanhoe Mines Reports $31 Million Q3 Profit as Kamoa-Kakula Output Dips Amid Flooding 7 Corporate News Copper Mining in DRC 

Ivanhoe Mines Reports $31 Million Q3 Profit as Kamoa-Kakula Output Dips Amid Flooding

Constance
Ivanhoe Mines Q3 2025 Profit Falls to $31 Million as Kamoa-Kakula Faces Flooding; Kipushi and Platreef Projects Advance Ivanhoe Mines has reported a profit of $31 million for the quarter ended September 30, 2025, compared with $108 million in the same period last year. The decline was primarily driven by a lower share of profit from the Kamoa Holding joint venture (JV), which operates the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The company’s share of profit from the JV was $72 million lower year-on-year, as Kamoa-Kakula… Read More Here
Red Rock Resources Signs MoU to Launch Social Housing Factories in DRC 8 Mining in DRC 

Red Rock Resources Signs MoU to Launch Social Housing Factories in DRC

Constance
Red Rock Resources partners with DRC government to build social housing factories, supporting mining JV growth London-listed Red Rock Resources has reached a major milestone in its joint venture (JV) with Koto DRC, signing a memorandum of understanding (MoU) with the Democratic Republic of Congo’s Ministry of Rural Development to fund and commence construction of three factories for social housing. Each factory is expected to produce at least 3,000 housing units annually, marking the first tangible step in the JV’s broader plan to eventually establish 142 factories nationwide. The Koto… Read More Here
DRC Seeks $500 Million World Bank Support for Lobito Corridor Project 9 Transport and Logistics Mining in DRC 

DRC Seeks $500 Million World Bank Support for Lobito Corridor Project

Constance
DRC requests $500M from World Bank to develop Lobito Corridor, boosting regional trade and infrastructure During the IMF and World Bank Annual Meetings, the Democratic Republic of Congo (DRC) Finance Minister, Doudou Fwamba, submitted a $500 million financing request to the World Bank to support the Lobito Corridor project. The Finance Ministry confirmed that the institution has agreed to review the proposal. In discussions with World Bank Managing Director for Operations Anna Bjerde, Minister Fwamba outlined the government’s vision to spur economic growth along the strategic transport corridor, focusing on… Read More Here
CMOC expands DRC Kisanfu mine with $1.08B investment 10 Mining in DRC Corporate News 

CMOC expands DRC Kisanfu mine with $1.08B investment

Constance
Chinese mining giant CMOC expands DRC Kisanfu mine with $1.08B investment, strengthening global copper and cobalt leadership Chinese mining giant CMOC Ltd. is accelerating its growth in the Democratic Republic of Congo (DRC) with a $1.08 billion investment to expand its Kisanfu mine in Lualaba province. The second phase of operations, scheduled for completion in 2027, is expected to increase annual copper production by 100,000 tons, reinforcing CMOC’s position as a global copper leader. Record Financial Performance in 2025 CMOC’s financial results in 2025 have been exceptional. In the third… Read More Here

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