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Category: Mining in DRC

DRC’s Vast Mineral Wealth Faces Control and Benefit Challenges Amid Global Energy Transition 1 Cobalt Events & Expos Lithium Mining in DRC 

DRC’s Vast Mineral Wealth Faces Control and Benefit Challenges Amid Global Energy Transition

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The Democratic Republic of Congo (DRC) is one of Africa’s most mineral-rich nations, boasting vast reserves of essential resources like lithium and cobalt—key components in batteries that are critical for the global transition to renewable energy. Despite this enormous potential, the DRC struggles to exercise full control over its mineral wealth or reap significant benefits from its exploitation, largely dominated by multinational corporations such as CMOC, Glencore, and Zijin. These concerns were highlighted by Faustin Biringanine, Director General of the Mining Fund for Future Generations (FOMIN), during the panel titled… Read More Here
DRC Minister of Mines Champions Manono’s Mining Potential 2 Lithium Mining in DRC 

DRC Minister of Mines Champions Manono’s Mining Potential

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The Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, recently visited Manono in Tanganyika Province as part of efforts to advance the country’s mining sector. This visit highlights the DRC’s strategic collaboration with Manono Lithium, a leading company in lithium extraction, a vital resource for the global energy transition. Upon his arrival, the Minister was warmly welcomed by the local community. Children presented him with bouquets of flowers and released a dove, symbolizing peace and hope for a region striving toward prosperity. A key moment of the visit… Read More Here
Revolutionizing Copper Mining: DGC MetPro Solutions Transforms Operations in the Copperbelt 3 Sponsored Content Mining in DRC Mining in Zambia 

Revolutionizing Copper Mining: DGC MetPro Solutions Transforms Operations in the Copperbelt

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In the mineral-rich heart of Africa’s Copperbelt, stretching across the Democratic Republic of Congo (DRC) and Zambia, a new chapter in copper mining is being written. At the forefront of this transformation stands DGC AFRICA, through its specialized division DGC MetPro Solutions. This innovative entity is reshaping the landscape of copper extraction with its state-of-the-art Metallurgical, Process, Asset Management, and Optimization Solutions, meticulously crafted to address the unique challenges of the region. At the heart of DGC MetPro Solutions’ success lies a powerful network of strategic partnerships and a team… Read More Here
World Bank Announces $300 Million Project for the Lobito Corridor 4 Transport and Logistics Angola Mining in DRC Mining in Zambia 

World Bank Announces $300 Million Project for the Lobito Corridor

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The World Bank is preparing a $300 million project for the Lobito Corridor, according to Victoria Kwakwa, the institution’s Vice President for Eastern and Southern Africa. She emphasized that participating countries must create favorable conditions for foreign investment. “The three countries involved must also focus on improving connectivity. Each must establish conditions to boost trade, address regulatory barriers, and develop infrastructure that enhances regional connectivity. This will enable the region to become a hub of commerce and development,” Kwakwa stated, as reported by Lusa. Highlighting the strategic importance of the… Read More Here
MMG Kinsevere Signs Social Responsibility Agreement with Local Communities Near Sokoroshi 2 Mine 5 Mining in DRC Corporate social responsibility 

MMG Kinsevere Signs Social Responsibility Agreement with Local Communities Near Sokoroshi 2 Mine

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On Friday, November 29, 2024, MMG Kinsevere signed a new agreement with five local communities impacted by the Sokoroshi 2 mine, located in the Bukanda sector of the Kipushi territory in Haut-Katanga, DRC. The signing took place at the multipurpose hall in Bukanda, a facility built with mining royalty funds, in the presence of various officials. Lucien Lumano, the Provincial Minister of Mines for Haut-Katanga, supervised the event and expressed his satisfaction, encouraging local communities to support MMG Kinsevere in the successful implementation of the project. “The provincial government is… Read More Here
Power Crisis in Southeast DRC Disrupts Mining Operations 6 Electricity Mining in DRC 

Power Crisis in Southeast DRC Disrupts Mining Operations

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The mining sector in the southeast of the Democratic Republic of Congo (DRC) is grappling with a severe power shortage, stemming from disruptions in electricity supply from neighboring Zambia. The crisis, which began on November 24, 2024, has left mining operations—critical to the DRC’s economy—in a vulnerable state. Zambia, a key electricity supplier to the DRC, is facing dwindling water levels at its hydropower dams and delays in expanding its energy infrastructure. These challenges have led to widespread power restrictions. Meanwhile, the DRC’s own hydropower capacity is strained by rising… Read More Here
DRC's Julien Paluku Promotes Investment Opportunities at MEDays Forum 7 Mining in DRC Events & Expos 

DRC’s Julien Paluku Promotes Investment Opportunities at MEDays Forum

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Julien Paluku, the Democratic Republic of Congo’s (DRC) Minister of Foreign Trade, utilized the MEDays Forum in Tangier, Morocco, to highlight the country’s vast economic and industrial opportunities to Moroccan and international investors. His focus spanned trade, agribusiness, energy, and the growing battery and electric vehicle sectors. Joined by Judith Suminwa, Head of the Congolese Government, Paluku underscored the DRC’s rich reserves of strategic minerals like cobalt and lithium, critical to the global energy transition. He detailed efforts to improve the business climate, enhance infrastructure, and foster public-private partnerships to… Read More Here
AVZ Minerals Secures $15 Million Litigation Funding for DRC Disputes 8 Mining in DRC Corporate News Lithium 

AVZ Minerals Secures $15 Million Litigation Funding for DRC Disputes

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AVZ Minerals Limited, a lithium mining company, has secured $15 million in litigation funding from Locke Capital II to support its legal efforts related to disputes over its mining projects, including the Manono project in the Democratic Republic of Congo (DRC). AVZ CEO Nigel Ferguson expressed satisfaction with the agreement, stating on November 28: “Locke, a global litigation funder with a strong track record, has approved funding for AVZ, validating our strong position in these disputes and paving the way for a successful resolution.” The company plans to draw an… Read More Here
Copper Prices to Fall 2.85% in November 2024, Impacts DRC Economy 9 Mining in DRC Copper Economy 

Copper Prices to Fall 2.85% in November 2024, Impacts DRC Economy

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Copper, a key mineral for the Democratic Republic of Congo’s (DRC) economy, is expected to experience a notable price decline on international markets. Between November 25 and 30, 2024, copper is forecast to trade at USD 8,924.05 per ton, marking a 2.85% decrease from the previous period when it was priced at USD 9,186.25. This drop is part of a broader trend in which several other metals, including zinc, tin, gold, and silver, have also seen price reductions. Zinc is now trading at USD 29,490.05, down 0.64%, while gold has… Read More Here
DRC’s Coltan Exports Generate $6.7 Million Amid Challenges in the First Quarter of 2024 10 Mining in DRC Coltan Economy 

DRC’s Coltan Exports Generate $6.7 Million Amid Challenges in the First Quarter of 2024

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The Democratic Republic of Congo (DRC) maintained its pivotal role in the global coltan market during the first quarter of 2024, exporting 265.90 tons of coltan valued at $6.7 million, according to official data. Artisanal mining dominated production, accounting for 242.30 tons during this period. This form of mining, prevalent in North and South Kivu provinces, often takes place under precarious conditions with minimal regulation. Coltan, a critical mineral for the electronics industry, is essential for manufacturing components like capacitors. The rising global demand, driven by advancements in digital technologies,… Read More Here

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