Mining in DRC - Copperbelt Katanga Mining

ASA Faces $12 Million Funding Call as DRC Moves to Revive MIBA

July 31, 2026July 31, 2026 Constance0 comment

ASA Resource Group Asked to Invest $12 Million to Retain 20% MIBA Stake British mining company ASA Resource Group Limited faces a $12 million capital call from the Democratic Republic of Congo’s state-owned diamond producer, Société Minière de Bakwanga (MIBA), as the company seeks to preserve its 20% stake in the struggling miner. MIBA has asked ASA to contribute approximately 27.5 billion Congolese francs, equivalent to about $12 million, as part of a major capital increase aimed at financing the company’s turnaround. The capital increase will raise MIBA’s share capital… Read More Here

Mining in DRC Artisanal mining

DRC Links FDLR Issue to Illegal Mineral Exploitation as Demobilisation Process Advances

July 30, 2026July 30, 2026 Constance0 comment

DRC Says FDLR Issue Has Been Used to Justify Mineral Exploitation as Disarmament Process Advances The Democratic Republic of Congo (DRC) government has accused Rwanda of using the presence of the Democratic Forces for the Liberation of Rwanda (FDLR) as a pretext for continued intervention in eastern DRC and the illicit exploitation of the country’s mineral resources. Speaking during a special government briefing in Kinshasa on July 28, DRC Minister of Communication and Government Spokesperson Patrick Muyaya argued that the FDLR issue has been repeatedly invoked to justify actions that,… Read More Here

Mining in DRC

US Adviser Urges Greater Transparency in DRC Mineral Sector

July 30, 2026July 30, 2026 Constance0 comment

Massad Boulos Calls for Transparent and Responsible Mining of DRC’s Natural Resources US President Donald Trump’s senior adviser for Africa, Massad Boulos, has called for greater transparency and accountability in the exploitation of the Democratic Republic of Congo’s (DRC) natural resources, saying the country’s mineral wealth should deliver greater benefits to its population. Speaking before the United Nations Security Council during discussions on the situation in the DRC, Boulos highlighted the role of illegal mineral exploitation in sustaining conflict in the country’s eastern provinces. He said armed groups, criminal networks… Read More Here

Mining in DRC Copper Corporate News

Ivanhoe Mines Returns to Profit as Kamoa-Kakula Copper Operations Recover

July 30, 2026July 30, 2026 Constance0 comment

Ivanhoe Mines Posts $46 Million Profit as Kamoa-Kakula Copper Production Recovers TSX-listed Ivanhoe Mines returned to profitability in the second quarter of 2026, reporting a net profit of $46 million as operations at its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC) continued to recover from disruptions earlier in the year. The company reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $179 million for the quarter, up from $123 million in the same period last year. Kamoa-Kakula contributed $152 million of attributable EBITDA. The copper… Read More Here

Mining in DRC Corporate News Rare Earth Minerals

DRC Moves to Expand Local Value Addition in Strategic Germanium Sector

July 30, 2026July 30, 2026 Constance0 comment

DRC Advances Germanium Processing Strategy as STL-Umicore Partnership Gains Belgian State Backing The Democratic Republic of Congo (DRC) is advancing efforts to move up the mining value chain, with a strategic partnership between the Société du Terril de Lubumbashi (STL) and Belgian group Umicore expected to strengthen the country’s germanium industry. The Belgian Council of Ministers’ approval of a state guarantee for the partnership marks an important step in the development of the strategic mineral sector and provides additional support for planned investments. The partnership aligns with the DRC government’s… Read More Here

Mining in DRC Governance Partnership

ARSP and APROCM Join Forces to Empower Local Entrepreneurs

July 30, 2026July 30, 2026 Constance0 comment

DRC’s ARSP and APROCM Partner to Expand Opportunities for Local Entrepreneurs The Democratic Republic of Congo’s Authority for Regulation of Subcontracting in the Private Sector (ARSP) and the Agency for the Promotion of the Middle Classes (APROCM) are working to strengthen support for local entrepreneurs and expand their access to economic opportunities. ARSP Director General Ted Beleshayi met APROCM Director General Pascal Tchelo Mazombo on July 29 to discuss the foundations of an institutional partnership aimed at supporting Congolese businesses across various sectors of the economy. The proposed collaboration seeks… Read More Here

Mining in DRC

DRC Calls for Stronger Natural Resource Governance to Prevent Conflict

July 28, 2026July 28, 2026 Constance0 comment

DRC Calls for Stronger Natural Resource Governance to End Conflict and Illegal Mining For the DRC, the issue is particularly significant given the country’s vast natural resource endowment. The country possesses substantial mineral deposits, major hydroelectric potential, extensive arable land and exceptional biodiversity, including the Congo Basin, one of the world’s major carbon sinks. However, Kayikwamba Wagner said the country’s resource wealth has not always translated into broad-based benefits for its population. “In the east of my country, lasting peace remains inseparable from the fight against the illegal exploitation of… Read More Here

Mining in DRC Gold

DRC and Cameroon Lose Billions in Gold Revenues Amid Smuggling and Weak Traceability

July 26, 2026July 26, 2026 Constance0 comment

Gold Smuggling and Weak Controls Undermine Revenue Collection in DRC and Cameroon’s Mining Sectors Despite reforms aimed at improving governance in the extractive sector, the Democratic Republic of Congo (DRC) and Cameroon continue to lose significant revenues from gold production due to smuggling, informal trade networks and persistent challenges in tracing artisanal gold supplies. A report by the Institute for Security Studies (ISS) highlights the weaknesses in the two countries’ gold governance systems, pointing to major gaps between official production figures and the volumes of gold entering international markets. Large… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

July 26, 2026July 26, 2026 Constance0 comment

DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic Republic of Congo (DRC) is currently exploiting only a small fraction of its vast hydrocarbon potential, despite estimated reserves of 22 billion barrels of oil and 66 billion cubic metres of gas across its major sedimentary basins. According to Joseph Twite Maloba, President of the Professional Committee of Petroleum Companies of the Federation of Enterprises of Congo (FEC South) and Vice-President of the National Hydrocarbons Commission of the FEC, the country is using only about… Read More Here

Mining in DRC Governance

DRC President Urges New ARSP Chief to Enforce Subcontracting Law and Strengthen Local Content

July 26, 2026July 26, 2026 Constance0 comment

Félix Tshisekedi Calls for Strict Enforcement of DRC Subcontracting Rules Under New ARSP Leadership The newly appointed Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Ted Beleshayi Kasanda, has been instructed by President Félix Antoine Tshisekedi Tshilombo to ensure strict enforcement of the country’s subcontracting regulations and promote greater participation of Congolese businesses in the private sector. Kasanda received his first official audience with the Head of State on 23 July 2026 at African Union City, where discussions focused on strengthening the implementation of the… Read More Here