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Category: Mining in DRC

World Bank Eyes Inga 3 as Future World's Largest Hydropower Project 1 Mining in DRC Hydro power plant 

World Bank Eyes Inga 3 as Future World’s Largest Hydropower Project

Constance
World Bank Backs Inga 3 Dam to Surpass China’s Three Gorges and Power DRC’s Industrial Future On Wednesday, July 2, 2025, during an appearance on the Okapi radio program Parole aux Auditeurs (“Talk to the Listeners”), Albert Zeufack, World Bank Country Director for the Democratic Republic of Congo (DRC), reaffirmed the institution’s ambitious vision to make the Inga 3 hydropower project the largest dam in the world—surpassing even China’s Three Gorges Dam. “Inga 3 is a landmark project. We’ve been discussing it for decades—ever since Congo completed Inga 2 back… Read More Here
Lobito Rail Project Gains U.S. Momentum as Gateway for Africa’s Copper and Cobalt 2 Transport and Logistics Mining in DRC Mining in Zambia 

Lobito Rail Project Gains U.S. Momentum as Gateway for Africa’s Copper and Cobalt

Constance
U.S. Supports Lobito Corridor Rail Project Linking DRC, Angola, and Zambia to Accelerate Mineral Exports The United States has reaffirmed its commitment to advancing the Lobito Corridor—a transformative rail project that will connect the Democratic Republic of Congo (DRC), Angola, and Zambia—in a move aimed at boosting regional trade and unlocking economic opportunities. Speaking in a recent interview, U.S. Ambassador to the DRC, Lucy Tamlyn, described the Lobito Corridor as a powerful lever for economic transformation that will benefit both the DRC and the United States. “We’re in active discussions… Read More Here
U.S. Consortium Eyes Strategic Acquisition of Chemaf Amid Critical Mineral Race in DRC 3 Mining in DRC Battery Metals Cobalt Copper Corporate News Mergers & Acquisitions 

U.S. Consortium Eyes Strategic Acquisition of Chemaf Amid Critical Mineral Race in DRC

Constance
U.S. Firms Orion and Virtus in Talks to Acquire Congo’s Chemaf Resources as Global Cobalt Race Heats Up A U.S.-based consortium, including former special forces and intelligence veterans, is in advanced talks to acquire Chemaf Resources Ltd., a copper and cobalt producer at the heart of intensifying U.S.-China competition over critical minerals in the Democratic Republic of Congo (DRC). According to sources familiar with the matter, Orion Resource Partners and Virtus Minerals are jointly negotiating the acquisition of Chemaf, which is currently backed by global commodity trader Trafigura Group. While… Read More Here
Kobold Metals to Invest in AI-Powered Exploration Under New Deal with DRC 4 Mining in DRC Battery Metals Exploration Lithium New Mining Projects 

Kobold Metals to Invest in AI-Powered Exploration Under New Deal with DRC

Constance
DR Congo Signs Strategic Mining Deal with U.S. based Company Kobold Metals to Boost Lithium Exploration and AI-Driven Geological Mapping On Thursday, at the African Union City in Kinshasa, Democratic Republic of the Congo (DRC) President Félix Tshisekedi presided over the signing of a major agreement between the Congolese government and U.S.-based company Kobold Metals. The agreement marks a significant step toward American investment in the country’s mining sector. The document was signed by Congolese Minister of Mines, Kizito Pakabomba, and Benjamin Katabuka, the Managing Director of Kobold Metals in… Read More Here
Dr. Sandrine Mubenga's Groundbreaking Patent Puts the DRC on the Global Tech Map 5 Mining in DRC Battery Metals Technology & Innovation 

Dr. Sandrine Mubenga’s Groundbreaking Patent Puts the DRC on the Global Tech Map

Constance
DRC’s Dr. Sandrine Mubenga Unveils Revolutionary Battery Patent Recognized by the U.S. Patent Office On Tuesday, July 8, 2025, the United States Patent and Trademark Office (USPTO) officially published a groundbreaking patent filed by Dr. Sandrine Ngalula Mubenga, a professor of electrical engineering at the University of Toledo (USA) and Director General of the Electricity Regulatory Agency (ARE) in the Democratic Republic of Congo (DRC). “This marks a major milestone,” Dr. Mubenga stated. “The USPTO has officially published my patent. The tools and software I’ve developed will revolutionize the battery… Read More Here
DRC and Tanzania Deepen Energy Ties with New Joint Committee on Oil and Gas 6 Mining in DRC Oil & Gas Petroleum 

DRC and Tanzania Deepen Energy Ties with New Joint Committee on Oil and Gas

Constance
DRC and Tanzania Strengthen Oil and Gas Cooperation with Joint Technical Committee and Updated MoU The Democratic Republic of the Congo (DRC) and Tanzania have agreed to establish a joint technical committee to enhance collaboration in the oil and gas sector. The announcement followed a bilateral meeting held on July 8 between Aime Sakombi Molendo, the DRC’s Minister of Hydrocarbons, and Dr. Doto Biteko, Tanzania’s Deputy Prime Minister and Minister of Energy. The newly formed committee will be responsible for updating the Memorandum of Understanding (MoU) originally signed in 2016… Read More Here
Gold Prices Rise Slightly as DRC Faces Call to Strengthen Mining Value Chain 7 Gold Mining in DRC 

Gold Prices Rise Slightly as DRC Faces Call to Strengthen Mining Value Chain

Constance
DRC Gold Prices Inch Up 0.35% Amid Global Tensions; Experts Urge Local Refining and Traceability The price of gold—a critical mineral resource for the Democratic Republic of Congo (DRC)—has seen a modest increase on the international market. From July 14 to 19, 2025, the price of one gram of gold rose by 0.35%, reaching $108.60, up from $108.22 the previous week, according to a press release from the National Commission of Mercuriales under the Ministry of Foreign Trade. While the increase may appear minor, experts warn it reflects a more… Read More Here
Alphamin Accused of Illegal Mining Expansion in North Kivu’s Utunda Region 8 Mining in DRC Corporate News 

Alphamin Accused of Illegal Mining Expansion in North Kivu’s Utunda Region

Constance
Youth in North Kivu Accuse Alphamin of Unauthorized Mining in Utunda Territory Youth leaders from the Utunda group in Walikale territory, North Kivu, have raised serious concerns over alleged unauthorized mining operations by Alphamin Bisie Mining. According to a formal complaint sent to the Minister of Mines, the company is accused of extracting minerals outside its officially designated area for the past two years. The youth committee claims that Alphamin has been operating in the hills of Angoa, Kabombo, Bunjanga, and Buntu—all located within the Utunda group’s jurisdiction—without consultation or… Read More Here
Dan Gertler Admits Paying Kabila Associate in Congo Mining Dealings 9 Mining in DRC 

Dan Gertler Admits Paying Kabila Associate in Congo Mining Dealings

Constance
Israeli Tycoon Dan Gertler Acknowledges Payments to Kabila Ally in Congo Mining Dispute Israeli businessman Dan Gertler has admitted to making substantial payments to Augustin Katumba Mwanke, a close associate of former Democratic Republic of Congo (DRC) President Joseph Kabila, in connection with his extensive mining operations in the country. The revelations come from an April 2024 arbitration ruling in Israel, obtained by the Platform to Protect Whistleblowers in Africa (PPLAAF) and reviewed by Bloomberg. The arbitration, involving Gertler and fellow Israeli businessmen Moises and Mendi Gertner, outlines for the… Read More Here
CMOC Delivers Strong Cobalt Growth Amid Congo Export Crackdown 10 Mining in DRC Battery Metals Cobalt 

CMOC Delivers Strong Cobalt Growth Amid Congo Export Crackdown

Constance
CMOC Increases Cobalt Output in Congo Amid Export Ban, Projects $1.1B Profit Surge China’s CMOC Group, the world’s largest cobalt producer, reported a strong rise in output from its operations in the Democratic Republic of Congo (DRC), defying an ongoing export ban imposed by the Congolese government. In a preliminary earnings statement released Monday, CMOC announced a 13% year-on-year increase in cobalt production, reaching 61,073 tons in the first half of 2025. This growth occurred despite DRC’s export suspension, which was initially enacted in February and extended through September. Congo,… Read More Here

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