Mining in DRC - Copperbelt Katanga Mining

Dowstone Technology to Invest $165 Million in New Copper Smelter in DRC

July 13, 2025July 13, 2025 Constance

Dowstone Technology Plans $165M Copper Smelter in DRC, Boosting China’s Copper Refining Capacity Chinese battery materials firm Dowstone Technology announced on July 3, 2025, its intention to build a state-of-the-art copper smelting facility in the Democratic Republic of Congo (DRC). The planned investment of $165 million aims to create a plant capable of producing 30,000 tons of copper cathodes annually. Construction is expected to span 18 months, pending regulatory approvals from both the DRC and China. This new smelter is poised to further solidify China’s expanding influence in the refined… Read More Here

Mining in DRC Governance

DRC Minister of Foreign Affairs Reports on Washington Peace Agreement Signing

July 13, 2025July 13, 2025 Constance

DR Congo’s Foreign Minister Presents Original Peace Agreement to President Tshisekedi After Washington Signing Returning from Washington, United States, where she signed the Peace Agreement on behalf of the Republic of the Democratic Republic of Congo (DRC), State Minister for Foreign Affairs, Mrs. Thérèse Kayikwamba, along with presidential experts involved in the process, were received on at the Mont Ngaliema Presidential Palace to report on their mission. At the outset, Mrs. Kayikwamba presented the original copy of the Peace Agreement and a letter from her U.S. counterpart, President Donald Trump,… Read More Here

Mining in DRC

North Kivu Launches High-Level Forum to Combat Mining Fraud and Improve Governance

July 13, 2025July 13, 2025 Constance

North Kivu Military Governor Initiates Forum to Tackle Mining Fraud and Enhance Sector Governance Facing widespread mining fraud and smuggling in North Kivu province, military governor Evariste Somo Kakule convened a high-level forum focused on improving governance in the mining sector. The primary objective: to diagnose the challenges clearly and propose practical solutions to ensure the province’s mineral resources no longer slip beyond state control. The forum brought together a diverse group of stakeholders, including members of the provincial government, lawmakers, mining administration officials, economic operators, and representatives from state… Read More Here

Mining in DRC Events & Expos

DRC Showcases Non-Mining Economic Strength at Ndola International Fair

July 13, 2025July 13, 2025 Constance

DR Congo Highlights Local Production Beyond Mining at 2025 Ndola International Fair At the 59th edition of the Ndola International Trade Fair (ZITF), the Democratic Republic of Congo (DRC), through its Haut-Katanga province, seized the opportunity to spotlight a lesser-known strength of its economy: local production outside the mining sector. Held under the theme “Building Resilience through Innovation and Trade,” the prestigious SADC regional event hosted more than 1,350 B2B meetings, drawing investors, government officials, entrepreneurs, and institutions from across the region. For the DRC, it was a chance to… Read More Here

Mining in DRC Copper Corporate News

Trafigura Secures Copper Anodes in $200M Prepayment Deal with Ivanhoe Mines

July 13, 2025July 13, 2025 Constance

Trafigura Pays $200M for Congo Copper in Ivanhoe Smelter Deal Amid Tightening Global Supplyy Trafigura Group has agreed to pay $200 million in a prepayment deal to secure copper anodes from Ivanhoe Mines’ new smelter in the Democratic Republic of Congo (DRC), which is expected to begin operations in September. The agreement, finalized in June, was announced by Ivanhoe in a statement on Tuesday. The deal highlights the growing trend of global commodity trading firms — including Mercuria and Vitol — offering upfront financing to lock in future supplies of… Read More Here

Corporate News Copper Mining in DRC

Ivanhoe Mines Reports 112,009 Tonnes of Copper Produced by Kamoa-Kakula in Q2 2025

July 9, 2025July 9, 2025 Constance

Vancouver, Canada – July 8, 2025 — Ivanhoe Mines (TSX: IVN, OTCQX: IVPAF) has announced robust second-quarter 2025 production results and provided updates on key project developments at its flagship operations: Kamoa-Kakula, Kipushi, and Platreef. During Q2 2025, the Kamoa-Kakula Phase 1, 2, and 3 concentrators processed a combined 3.62 million tonnes of ore, producing 112,009 tonnes of copper. This marks an 11% increase compared to the same period in 2024. Copper production for the first half of 2025 now totals 245,127 tonnes. Phase 1 and 2 concentrators are currently… Read More Here

Mining in DRC Regional conflict

DRC–Rwanda Peace Agreement Celebrated During Osaka Economic Briefing

July 7, 2025July 7, 2025 Constance

DRC Hails Historic Peace Accord with Rwanda During Economic Forum in Japan On the sidelines of the DRC–Japan Economic Forum in Osaka, a special briefing was held by Patrick Muyaya, the Democratic Republic of Congo’s Minister of Communication and Media. He was joined by Minister of Foreign Trade Julien Paluku and the DRC Ambassador to Japan, Professor Lukumwena Nsenda. The briefing came just one day after the signing of a historic peace agreement between the Democratic Republic of Congo and Rwanda, witnessed in Washington, D.C., by former U.S. President Donald… Read More Here

Mining in DRC Infrastructural Development

DRC Launches $257 Million Railway Modernization Project to Boost Regional Connectivity

July 7, 2025July 7, 2025 Constance

DRC Signs $257M Railway Deal to Modernize Kisangani–Ubundu Line and Boost Regional Trade The Democratic Republic of Congo (DRC) has taken a significant step toward revitalizing its national railway network with the signing of a $257 million concession contract on Friday, July 4, 2025. The agreement focuses on the rehabilitation and modernization of the 115-kilometer Kisangani–Ubundu railway line in the country’s northeast. The official signing ceremony was presided over by the Deputy Prime Minister and Minister of Transport, Communication Channels, and Accessibility. The event marked the formal launch of the… Read More Here

Mining in DRC Corporate News Infrastructural Development

TFM Finalizes Major Railway Diversion to Boost Mining Operations in Fungurume

July 7, 2025July 7, 2025 Constance

On June 25, 2025, Tenke Fungurume Mining (TFM) officially completed the technical handover of a key infrastructure project: the nearly 4-kilometer diversion of the RR2 railway section within its mining concession. This rerouting, fully funded by TFM, enables access to new strategic mineral deposits critical to the company’s expansion. Initiated in 2021, the project was driven by the need to realign the existing railway operated by the Société Nationale des Chemins de fer du Congo (SNCC), which intersected with a significant portion of the newly identified deposit. With the approval… Read More Here

Mining in DRC Economy

IMF Approves $261.9 Million Disbursement to DRC Following First Review of Credit Program

July 7, 2025July 7, 2025 Constance

IMF Disburses $261.9M to DRC After ECF Review, Backing Economic Stability and Reform On July 2, 2025, the Executive Board of the International Monetary Fund (IMF) approved the first review of the Extended Credit Facility (ECF) program for the Democratic Republic of Congo (DRC), resulting in an immediate disbursement of $261.9 million. This funding aims to support macroeconomic stability and expand the government’s fiscal space for public investment. Despite ongoing security challenges in the eastern provinces, the Congolese economy has demonstrated resilience: GDP growth is holding strong at 6.5% Inflation… Read More Here