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Category: Mining in DRC

DRC Proposes Strategic Minerals Organization to Stabilize Global Market 1 Mining in DRC 

DRC Proposes Strategic Minerals Organization to Stabilize Global Market

Constance
DRC calls for creation of OPEC-style group for strategic minerals to boost African leverage and market stability The Democratic Republic of Congo (DRC) has called for the creation of an Organization of Strategic Minerals Producing and Exporting Countries, modeled on OPEC, to protect member interests and stabilize global markets for critical resources. The announcement was made on October 22, 2025, in Geneva. “The DRC, a country rich in strategic minerals, is advocating for an organization similar to OPEC to defend member interests, stabilize the strategic minerals market, ensure predictable revenues,… Read More Here
Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC 2 Mining in DRC Gold 

Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC

Constance
M23 rebels accused of stealing 500 kg of gold from Twangiza Mining’s DRC concession amid ongoing conflict Twangiza Mining has accused M23 rebels occupying its gold concession in eastern Democratic Republic of Congo (DRC) of stealing at least 500 kg of gold bullion—worth an estimated $70 million—since taking control of the site in May 2025. The company also alleged that some of its own employees assisted the rebels in smuggling the gold out of the mine, located in South Kivu province, where M23 has dramatically expanded its territorial control this… Read More Here
DRC Reaffirms Strategic Role in Global Energy Transition at Financial Times Africa Summit 3 Mining in DRC 

DRC Reaffirms Strategic Role in Global Energy Transition at Financial Times Africa Summit

Constance
DRC Highlights Mining Potential and Investment Opportunities at 2025 Financial Times Africa Summit At the Financial Times Africa Summit, held from October 21 to 22, 2025, in London, United Kingdom, the Democratic Republic of Congo (DRC) reaffirmed its commitment to consolidating its strategic position in the global energy transition. The event brought together international investors, policymakers, and mining sector experts. Representing the DRC, Minister of Mines Louis Kabamba Watum delivered a highly praised speech, urging global investors to explore the country’s exceptional mining potential. He emphasized that only 10% of… Read More Here
Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households 4 Mining in DRC Economy 

Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households

Constance
Congolese Franc Strengthens: Tshisekedi Urges Government to Reflect Gains in Household Prices Following his recommendation at the 63rd Council of Ministers meeting to establish a monitoring mechanism for the Congolese franc’s appreciation, President Félix Tshisekedi chaired an economic situation meeting on Wednesday evening, October 22, at the African Union City. The session brought together the Prime Minister, the Deputy Prime Ministers in charge of Budget and National Economy, the Minister of Finance, and several other senior government officials. President Tshisekedi emphasized the importance of consolidating citizens’ confidence in the national… Read More Here
CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets 5 Mining in DRC 

CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets

Constance
DRC Loses Over $1.3 Billion in Mutanda Mining Deals, CNPAV Calls for Transparency Based on official data and independent financial analyses, the coalition “Congo is Not for Sale” (CNPAV) revealed on Friday that the Democratic Republic of Congo (DRC) has lost substantial resources due to undervaluation and the opaque sale of Gécamines’ assets in the Mutanda Mining (MUMI) project. In its report titled “Cobalt at a Discounted Price, Corruption at Full Price,” presented during a conference at Sylikin Village in Kinshasa, CNPAV documented the losses and irregularities in detail: “In… Read More Here
Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute 6 Mining in DRC 

Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute

Constance
Washington Agreement 2025: How the DRC-Rwanda Deal Fuels U.S.-Backed Mineral Exploitation A recent report from The Oakland Institute criticizes the Washington Agreement, signed on June 27, 2025, between the Democratic Republic of Congo (DRC) and Rwanda, calling it a formalization of the ongoing illicit exploitation of the DRC’s mineral wealth by American companies via Rwanda. The U.S. and the Historical Exploitation of Congo’s Minerals The report highlights the long-standing strategic importance of Congolese resources to the United States. It notes that “the bombs dropped on Hiroshima and Nagasaki were made… Read More Here
DRC’s Cobalt Export Delays Continue Despite New Quota System 7 Mining in DRC Battery Metals Cobalt 

DRC’s Cobalt Export Delays Continue Despite New Quota System

Constance
Cobalt Exports from DRC Still on Hold as New Quota System Faces Delays, Disrupting Global EV Supply Chains Cobalt producers in the Democratic Republic of Congo (DRC) are still waiting for government approval to resume exports, despite the introduction of a new quota system on October 16. Industry sources confirmed that the long-anticipated system—designed to restart shipments after a seven-month suspension—has yet to be fully implemented, prolonging uncertainty in global supply chains. Background: Seven-Month Export Freeze Disrupted Global Markets The DRC, which supplies over 70% of the world’s cobalt, imposed… Read More Here
Oakland Institute Warns DRC Against Potential Pitfalls of U.S. Mining Agreements 8 Mining in DRC 

Oakland Institute Warns DRC Against Potential Pitfalls of U.S. Mining Agreements

Constance
DRC’s New Deals with American Mining Firms Could Mirror Chinese “Minerals-for-Infrastructure” Failures, Oakland Institute Warns The Oakland Institute, a think tank advocating for fair debate on social, economic, and environmental issues, has issued a report cautioning about the long-term impacts of agreements between the Democratic Republic of Congo (DRC) and American companies. The warning follows the so-called Washington Agreement, signed on June 27, 2025, between the DRC and Rwanda, which serves as a backdrop for new U.S. investments in Congolese mining. The report compares these agreements to past arrangements between… Read More Here
Chengtun Mining Acquires Loncor Gold for C$261M, Secures Strategic Adumbi Gold Deposit in DRC 9 Mining in DRC Corporate News Mergers & Acquisitions 

Chengtun Mining Acquires Loncor Gold for C$261M, Secures Strategic Adumbi Gold Deposit in DRC

Constance
Chengtun Mining Expands into Gold with Acquisition of Loncor Gold and Adumbi Deposit Chengtun Mining, a Chinese mining group, has agreed to acquire Canadian gold exploration company Loncor Gold in an all-cash deal valued at C$261 million (approximately $186 million), gaining control of the Adumbi gold deposit in the Democratic Republic of Congo (DRC). The definitive arrangement agreement, announced on October 14, 2025, sets the purchase price at C$1.38 per Loncor share, representing a 33% premium over Loncor’s 30-day volume-weighted average price and a 16% premium to its TSX closing… Read More Here
Olivier Binyingo Reaffirms KAMOA Copper’s Commitment to Economic Growth and Sustainable Development 10 Mining in DRC Corporate News Mining Personality 

Olivier Binyingo Reaffirms KAMOA Copper’s Commitment to Economic Growth and Sustainable Development

Constance
Olivier Binyingo Showcases Kamoa Copper’s Role as a Catalyst for Sustainable Growth in the DRC Olivier Binyingo, Chairman of the Board of Directors of KAMOA Copper SA and Vice President of Ivanhoe Mines for the DRC and Strategic Projects, underscored the company’s strategic vision and its major contribution to the development of the Democratic Republic of Congo’s (DRC) mining industry. Speaking at a recent event, Binyingo described Kamoa-Kakula as a long-term mining venture, representing over USD 6 billion in investment over the past six years — a financial commitment that… Read More Here

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