Mining in DRC - Copperbelt Katanga Mining

DRC-Rwanda Peace Agreement Marks Security Milestone with Key Economic Implications 1

DRC-Rwanda Peace Deal Unlocks Economic Opportunities Through Security Stabilization Although not a traditional economic or trade accord, the peace agreement signed on June 27, 2025, in Washington between the Democratic Republic of Congo (DRC) and Rwanda carries significant economic potential, rooted in its political and security objectives. This was highlighted during a government briefing held on Thursday, July 3, 2025, in Kinshasa. “This agreement is not an economic treaty with the United States, nor a bilateral trade deal with Rwanda,” stated Thérèse Kayikwamba, Minister of State for Foreign Affairs, during… Read More Here

Mining in DRC Gold

DRC Gold Trading SA Injects $27M into Maniema by Formalizing Artisanal Gold Trade

July 7, 2025July 7, 2025 Constance

$27M Boost from DRC Gold Trading SA in Two Months Between March 25 and May 25, 2025, DRC Gold Trading SA achieved a significant milestone in the Maniema province of the Democratic Republic of Congo by channeling over 280 kilograms of artisanal gold through official and traceable circuits. This initiative resulted in the injection of more than $27 million into the local economy of Kindu, primarily through banked payments to local gold traders. This operation marks a turning point for Maniema’s economy, which has long been dominated by informal and… Read More Here

Mining in DRC

Mining Firms Face Suspension Over Unpaid Community Contributions in DRC

July 6, 2025July 6, 2025 Constance

DRC Mining Firms Face Suspension Over $2.77M in Unpaid Community Contributions Three mining companies, including the Anhui-Congo Mining Investment Company (SACIM), are facing possible suspension following a scathing report from the Court of Auditors, which revealed their failure to comply with mandatory community development payments. According to the June audit, SACIM and two other firms—OM Metal Resources and the Lubumbashi Tailings Processing Company—have neglected to pay the legally required 0.3% of their turnover, funds designated to support development projects in the communities where they operate. SACIM, already grappling with financial… Read More Here

Mining in DRC Gold

Kibali Gold Mine Set for Long-Term Expansion as Barrick Confirms Major New Orebodies

July 4, 2025July 4, 2025 Constance

Barrick Gold (NYSE: GOLD) announced that recent drilling along the ARK-KCD corridor at its flagship Kibali mine in the Democratic Republic of Congo (DRC) has revealed significant new orebodies. These discoveries could extend the life of the Tier 1 asset well beyond its current 10-year production plan. Since commencing production in 2013, Kibali has successfully replaced every ounce of gold it has mined. Barrick noted that its total in-country investment has now exceeded $6.3 billion. Speaking to reporters, CEO Mark Bristow highlighted that a newly installed 16-megawatt solar-plus-battery plant has… Read More Here

Mining in DRC Cobalt

IXM Declares Force Majeure on Cobalt Contracts Amid Extended DRC Export Ban

July 3, 2025July 3, 2025 Constance

IXM, the metals trading arm of China’s CMOC Group, has declared force majeure on its cobalt supply contracts due to an ongoing export ban imposed by the Democratic Republic of Congo (DRC), the company announced on Monday. Earlier this month, the DRC government extended the export ban for an additional three months, citing efforts to address global cobalt oversupply and stabilize falling prices. The DRC, which produces over 80% of the world’s cobalt, first implemented the ban on February 22. The restriction is enforced by the country’s Authority for the… Read More Here

Mining in DRC Regional conflict

Unchecked Mineral Smuggling Fuels Conflict and Corruption in Eastern Congo

July 3, 2025July 3, 2025 Constance

Mineral smuggling from eastern Democratic Republic of Congo (DRC) into neighboring Rwanda has reached unprecedented levels, driven by the occupation of vast areas by the Rwanda-backed M23 rebel group, according to a forthcoming United Nations report. The illicit trade in tin, tantalum, and tungsten—vital minerals used in electronics—has severely undermined legal exports from the region. Once these minerals are trafficked into Rwanda, they are mixed with domestic production, effectively laundering them into global supply chains under the guise of legitimate Rwandan origin. This process compromises international efforts to trace mineral… Read More Here

Mining in DRC Economy Governance

President Tshisekedi Highlights US Mining Deal as Catalyst for Green Economy and National Growth

June 30, 2025June 30, 2025 Constance

On the 65th anniversary of the Democratic Republic of Congo’s independence, President Félix Tshisekedi addressed the nation on Monday, June 30, 2025, reaffirming active negotiations with the United States to finalize a strategic mining agreement. The deal is set to strengthen the DRC’s position as a key player in the global energy transition and the emerging green economy. “This agreement will mark a decisive step in positioning the DRC as a central player in the global energy transition and the emerging green economy. It aims to develop our strategic minerals—particularly… Read More Here

Events & Expos Mining in DRC

DRC’s Minister of Hydraulic Resources, Electricity Joins African Mining Week

June 30, 2025June 30, 2025 Constance

Teddy Lwamba, Minister of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC), has confirmed his participation as a speaker at African Mining Week (AMW), taking place from October 1–3, 2025, in Cape Town under the theme, From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth. Minister Lwamba will join the panel, Powering Africa’s Mining Operations with Renewables, highlighting the DRC’s efforts to integrate renewable energy and modern infrastructure into its mining value chain. AMW serves as a premier platform for exploring the full spectrum of mining opportunities across… Read More Here

Mining in DRC Regional conflict

USA Eyes DRC’s Coltan as Key to Peace, Investment, and Supply Chain Security

June 30, 2025June 30, 2025 Constance

A recent peace agreement signed in Washington between the Democratic Republic of the Congo (DRC) and Rwanda is raising eyebrows—not only for its geopolitical implications but also for its economic undercurrents. The lengthy document includes a significant clause that effectively ties U.S. private investment to mineral-rich regions in eastern DRC. In particular, the provinces of North Kivu and South Kivu—bordering Rwanda—are known for their abundant reserves of cobalt, coltan (tantalum), tin, lithium, and gold. Reports suggest that American investors have expressed strong interest in the Rubaya coltan mine, currently under… Read More Here

Mining in DRC Battery Metals Cobalt

DRC Secures Strategic Stake in Nation’s First Copper-Cobalt Refinery Project

June 29, 2025June 30, 2025 Constance

The Democratic Republic of Congo (DRC) has acquired a 10% stake in Buenassa Resources SA, the company spearheading the development of the country’s first copper and cobalt refinery. The agreement was formalized on June 25 through a memorandum of understanding signed by Jean-Lucien Bussa, Minister of State Portfolio, and Eddy Kioni, CEO of Buenassa Resources. Though a minority stake, the 10% is classified as a “golden share,” granting the Congolese government veto power over strategic decisions that impact national interests. These include issues related to employment, taxation, environmental standards, local… Read More Here