Mining in DRC - Copperbelt Katanga Mining

DRC Launches Strategic Overhaul of Hydrocarbon Law to Boost Investment and Energy Sovereignty 1

DRC Begins Revision of Outdated Hydrocarbon Law to Attract Investors and Align with Energy Transition Goals The Minister of Hydrocarbons, Aimé Sakombi Molendo, officially launched a strategic workshop on Thursday, July 31, 2025, to revise Law No. 15/012 of August 1, 2015, which governs the Democratic Republic of Congo’s hydrocarbon sector. The event took place at the Rotana Hotel in Kinshasa/Gombe, attended by lawmakers, government officials, industry experts, and sector partners. Now ten years old, the current hydrocarbon law is widely viewed as outdated and inadequate in addressing the sector’s… Read More Here

Mining in DRC

DRC and Rwanda Launch Joint Monitoring Committee to Oversee Peace Agreement Implementation

August 3, 2025August 3, 2025 Constance

DRC and Rwanda Hold First Joint Monitoring Committee Meeting to Advance 2025 Peace Agreement The Democratic Republic of Congo (DRC) and the Republic of Rwanda convened the inaugural session of the Joint Monitoring Committee on Thursday, July 31, 2025, in Kinshasa, marking a critical step in implementing the Peace Agreement signed on June 27, 2025, in Washington, D.C. Also in attendance were representatives from the United States, Qatar, Togo—acting as the official facilitator appointed by the African Union—and the African Union Commission, all of whom played key roles in brokering… Read More Here

Mining in DRC

Ventora Group Challenges “Congo Is Not for Sale” Report on Mutanda Mine Over Factual Inaccuracies

August 3, 2025August 3, 2025 Constance

Ventora Group Refutes CNPAV Report on Mutanda Mine, Citing Inaccuracies and Omitted Evidence The Ventora Group has publicly rejected the findings of a recent report released by the “Congo Is Not for Sale” (CNPAV) coalition, which scrutinizes the sale of the Mutanda mining project in the Democratic Republic of Congo (DRC). In a press release dated August 1, 2025, Ventora criticized the report’s credibility, citing “serious factual inaccuracies” and “methodological flaws.” “We categorically reject its conclusions and are concerned about its lack of rigor and transparency,” the group stated. Ventora… Read More Here

Mining in DRC

DRC Entered Africa’s Top 10 Mining Jurisdictions for the First Time in 2024

August 3, 2025August 5, 2025 Constance

DRC Ranked Among Africa’s Top 10 Most Attractive Mining Destinations in 2024 Fraser Institute Report The Democratic Republic of Congo (DRC) has entered the list of Africa’s top 10 most attractive mining jurisdictions, according to the 2024 Fraser Institute rankings. While the DRC is positioned at the bottom of the regional top 10, its inclusion marks a notable shift in investor perception within the continent’s mining sector. However, Morocco emerged as the most attractive mining destination in Africa, ranking 18th globally out of 82 jurisdictions assessed. The North African nation—Africa’s… Read More Here

Mining in DRC Corporate News

Ivanhoe Mines Delivers Strong Q2 Results Amid Operational Resilience Across Key Projects

July 31, 2025July 31, 2025 Constance

Ivanhoe Mines Posts $35M Q2 Profit, Highlights Progress at Kamoa-Kakula, Platreef, and Kipushi Operations Ivanhoe Mines has reported a second-quarter profit of $35 million, alongside adjusted EBITDA of $123 million. This includes $128 million in attributable EBITDA from the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). Kamoa-Kakula produced 112,009 tonnes of copper during the quarter. The Phase 1 and 2 concentrators operated at 85% of their design capacity, while the newly commissioned Phase 3 concentrator exceeded expectations, running at 30% above its design capacity. Operations at the… Read More Here

Mining in DRC Economy Governance

President Tshisekedi Calls for Review of Tax Clearance Measures to Support Economic Growth

July 29, 2025July 29, 2025 Constance

DRC President Tshisekedi Orders Reassessment of Tax Clearance Rules Amid Economic Concerns Amid growing concerns from business leaders over tax clearance requirements affecting commercial and administrative operations, President Félix Tshisekedi has called for a comprehensive review of these measures. His directive came during the 52nd ordinary session of the Council of Ministers. The 2025 Finance Act and its implementing decree of April 9 introduced mandatory tax clearance certificates for a wide range of activities. These include inter-company payments, opening bank accounts for non-residents, and acquiring administrative documents for expatriates. However,… Read More Here

Mining in DRC Economy Governance

Investor Confidence Grows as Standard Bank Endorses DRC’s Development Agenda

July 29, 2025July 29, 2025 Constance

Standard Bank Pledges Investment in DRC Infrastructure Projects Despite Ongoing Security Crisis Investor confidence in the Democratic Republic of Congo (DRC) continues to rise, fueled by President Félix Tshisekedi’s clear development vision. This momentum was further demonstrated on Thursday, July 24, 2025, when Prime Minister Judith Suminwa welcomed a high-level delegation from the Standard Bank Group, led by Lungisa Fuzile, Chief Executive for the Africa Region. The visit aimed to showcase the banking giant’s interest in partnering on key national development projects, despite challenges in the region. “We are here,… Read More Here

Mining in DRC Battery Metals Cobalt Economy

DRC Aims to Boost Local Cobalt Refining by Targeting Fairer Prices and Long-Term Market Stability

July 27, 2025July 27, 2025 Constance

Congo Eyes Cobalt Price Rebound to Drive Local Refining, Reduce China’s Dominance The Democratic Republic of Congo (DRC) is pushing for a sustainable cobalt price to encourage domestic processing, as the government charts its course following a suspension of cobalt exports. The move, part of a broader strategy to stabilize global markets and attract local investment, comes amid shifting dynamics in the critical battery metal industry. Congo, responsible for nearly 75% of the world’s cobalt supply, first halted exports on February 22 for four months. In June, the government extended… Read More Here

Mining in DRC Governance

President Tshisekedi Appoints New Leadership at Congo Ressources SA to Boost Mining Sector

July 27, 2025July 27, 2025 Constance

DRC President Tshisekedi Names New Congo Ressources SA Leaders to Revitalize Dormant Mining Assets President Félix-Antoine Tshisekedi Tshilombo has appointed new leaders to key public institutions, including the state-owned mining company Congo Ressources SA. The announcements were made by presidential spokesperson Tina Salama during a broadcast on Congolese National Radio and Television (RTNC). New Leadership at Congo Ressources SATwo executives have been named to head Congo Ressources SA, a public enterprise established in 2022 under the supervision of the Ministry of Portfolio: Kankolongo Mulaja Léon: Chairman of the Board of… Read More Here

Mining in DRC

DRC to Host Strategic Minerals Summit in Washington Amid Growing U.S. Interest

July 27, 2025July 27, 2025 Constance

U.S.-DRC Critical Minerals Summit to Foster American Investment in Copper, Cobalt, and Coltan The Democratic Republic of the Congo (DRC) will take center stage at a high-level international summit on critical minerals this Monday, August 21, 2025, in Washington, D.C., United States. Sponsored by the Congolese firm Sokam Holding Sarl, the summit will focus on the responsible exploitation of copper, coltan, and cobalt—minerals in which the DRC holds nearly 80% of the world’s known reserves. These resources are crucial to the global transition to clean energy technologies. The event, officially… Read More Here