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Category: Mining in DRC

DRC United States Mining Deal to Finance 58 Billion USD Infrastructure Plan 1 Mining in DRC Economy Infrastructural Development 

DRC United States Mining Deal to Finance 58 Billion USD Infrastructure Plan

Constance
The Democratic Republic of Congo (DRC) has unveiled a $58 billion master plan aimed at rebuilding and modernizing its critical infrastructure, as part of a broader $500 billion mega-partnership announced with the United States. The plan was presented on Tuesday, May 27, 2025, by Minister of Foreign Trade Julien Paluku during a high-level discussion on national investment priorities. “I am proposing a structured master plan worth $58 billion, focusing on priority projects such as national, provincial, and agricultural roads,” said Paluku. The Minister emphasized that targeted investments in key sectors… Read More Here
DRC Urged to Shift Focus from Mining to Agriculture for Inclusive Growth 2 Mining in DRC Economy 

DRC Urged to Shift Focus from Mining to Agriculture for Inclusive Growth

Constance
KINSHASA – During a special briefing held on Tuesday, May 27, 2025, in Kinshasa, the Democratic Republic of Congo’s Minister of Foreign Trade, Julien Paluku Kahongya, called for a strategic shift from the mining sector to agriculture, arguing that mining has failed to translate into improved household incomes. Paluku emphasized that despite the country’s vast mineral exports, particularly cobalt and copper, the economic benefits have not reached ordinary citizens. “For some time now, our foreign trade has been underperforming. We realize that the DRC has not truly benefited from the… Read More Here
Underground Mining Activities at Kakula Mine Suspended 3 Mining in DRC Corporate News Press Release 

Underground Mining Activities at Kakula Mine Suspended

Constance
Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – May 26, 2025) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete today provide an operational update on the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo, following the temporary suspension of operations at the Kakula underground mine, as first announced by the company on May 20, 2025. Senior management and a world-class team of geotechnical experts continue to conduct a thorough investigation of the mine to understand the cause… Read More Here
Minerals Mining in DRC 

DRC Aims to Finalize Major U.S. Minerals Deal by End of June

Constance
The Democratic Republic of Congo (DRC) is working to finalize a major minerals agreement with the United States by the end of June, aiming to boost investment in its mining sector and gain diplomatic support in ending a Rwanda-backed rebellion in the country’s troubled eastern region. The agreement is seen as part of Washington’s broader effort to reassert its presence in Congo’s mining industry, which has been heavily dominated by Chinese interests over the past two decades. The DRC is home to some of the world’s largest reserves of cobalt,… Read More Here
Landmark Agreement Signals New Era for Vocational Training in the DRC 4 Mining in DRC Environment Social Governance (ESG) 

Landmark Agreement Signals New Era for Vocational Training in the DRC

admin
On May 15, 2025, the Club du Bâtiment et des Travaux Publics et de la Chambre des Métiers et de l’Artisanat (Club BTP & CMA) and the Regulatory Authority for Subcontracting in the Private Sector (ARSP) signed a landmark agreement in Kinshasa, in collaboration with the Minister of Professional Training. This agreement marks a decisive step toward building a stronger Congolese middle class by formalizing the training, certification, and employment of local artisans and skilled workers. The partnership reflects the national agenda of President Félix Tshisekedi’s administration to empower local… Read More Here
DRC Central Bank Imposes Hefty Fines to Enforce Export Revenue Repatriation 5 Mining in DRC Economy 

DRC Central Bank Imposes Hefty Fines to Enforce Export Revenue Repatriation

Constance
The Central Bank of Congo (BCC) has significantly tightened its regulations on mining and oil companies, dramatically increasing fines for non-compliance with foreign exchange rules. According to a memo from AKILI Consulting—which advises major operators like Kamoa Copper and Kibali Gold—penalties for failing to declare foreign bank account details have surged over 1,000%, jumping from CDF 5,000,000 to CDF 58,680,000 (about $1,786 to $20,957). In addition to these hikes, the BCC has introduced stricter sanctions. A false declaration of accounts now carries a fine of CDF 234,720,000, while transfers made… Read More Here
DRC Launches New Mining Framework to Boost Development 6 Mining in DRC News in Brief 

DRC Launches New Mining Framework to Boost Development

Constance
The General Secretariat of Mines in the Democratic Republic of Congo (DRC) has adopted a new framework and organizational structure aimed at transforming the mining sector into a key driver of national development. The formal ceremony took place on Thursday, May 22, 2025, involving the Minister of Mines, Kizito Pakabomba, and the Vice Prime Minister and Minister of Civil Service, Modernization of Administration, and Public Service Innovation, Jean-Pierre Lihau Ebua. The Secretary General of Mines, Jacques Ramazani, was also present. According to a statement posted on the Ministry of Mines’… Read More Here
DRC’s ARSP and ARTPC Sign Strategic Partnership to Strengthen Regulatory Collaboration 7 Mining in DRC Governance 

DRC’s ARSP and ARTPC Sign Strategic Partnership to Strengthen Regulatory Collaboration

Constance
A strategic partnership has been established between two key regulatory bodies in the Democratic Republic of Congo (DRC): the Regulatory Authority for Subcontracting in the Private Sector (ARSP) and the Regulatory Authority for Posts and Telecommunications of Congo (ARTPC). The two institutions signed a memorandum of understanding (MoU) on Tuesday, May 20, 2025, in Kinshasa, aimed at enhancing their cooperation and regulatory coordination. This agreement marks the outcome of a joint effort to create a structured framework for information exchange, experience sharing, and capacity building between the two authorities. “I… Read More Here
DRC Cuts Fuel Subsidy Losses by 89 Percent in Major Economic Reform 8 Mining in DRC Oil & Gas Petroleum 

DRC Cuts Fuel Subsidy Losses by 89 Percent in Major Economic Reform

Constance
President Félix Tshisekedi of the Democratic Republic of Congo (DRC) has commended Deputy Prime Minister and Minister of Economy, Daniel Mukoko Samba, for achieving a dramatic reduction in revenue shortfalls owed to petroleum product distributors operating in the country. In an official letter, Anthony Nkinzo, Director of the Office of the Head of State, praised the achievement, highlighting the impact of reforms introduced by the Ministry of Economy. “The rigor and transparency of the adopted methodology, along with the significant 89% reduction in losses and shortfalls between 2023 and 2024,… Read More Here
Dispute Emerges Between Ivanhoe and Zijin Over Kamoa-Kakula Copper Mine Impact 9 Mining in DRC Copper Corporate News 

Dispute Emerges Between Ivanhoe and Zijin Over Kamoa-Kakula Copper Mine Impact

Constance
On Friday, May 23, 2025, Zijin Mining announced it expects a “negative impact” on production forecasts at the Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC). The announcement follows a seismic event that led to a temporary suspension of underground operations. However, this assessment is disputed by Ivanhoe Mines, Zijin’s joint venture partner and the operator of the mine. Ivanhoe has reiterated its 2025 copper production target of 520,000 to 580,000 tonnes, stating that the temporary slowdown earlier in the week has not altered these expectations. Zijin’s statement… Read More Here

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