Mining in DRC - Copperbelt Katanga Mining

Lobito Atlantic Railway Nears $533M US Loan to Boost Angola Rail Corridor

August 22, 2025August 22, 2025 Constance

Lobito Atlantic Railway close to securing $533M US loan to modernize Angola’s key copper and cobalt export route Lobito Atlantic Railway (LAR) expects to finalize a $533 million loan agreement with the US International Development Finance Corporation (DFC) by the end of this year, according to CEO Nicholas Fournier. The financing is crucial to upgrading its Angolan railway concession and strengthening a vital export corridor for critical minerals. The DFC committed the loan in 2024 to support the modernization of 1,300 km of railway, providing a faster, more reliable route… Read More Here

Mining in DRC Battery Metals Corporate News Lithium

AVZ Minerals Secures 10% Manono Stake After ICC Victory

August 18, 2025August 18, 2025 Constance

AVZ Minerals Triumphs in ICC Ruling, Strengthens Control of DRC’s Manono Lithium Project Australian mining company AVZ Minerals has won its arbitration case against Dathomir Mining Resources before the International Chamber of Commerce (ICC). The ruling, issued on July 14, 2025, definitively confirms AVZ’s acquisition of a 10% stake in Dathcom Mining SA, owner of the world-class Manono lithium project in the Democratic Republic of Congo. AVZ’s subsidiary AVZI initiated the case before the ICC to confirm the legality of a 2020 Share Purchase Agreement (SPA). The tribunal ruled that:… Read More Here

Mining in DRC Corporate News

KICO Signs Partnership with 19 Contractors Through ARSP to Boost Local Jobs

August 18, 2025August 18, 2025 Constance

Ivanhoe’s Kipushi Mine Signs Deal with 19 Firms to Create Jobs in DRC Nineteen subcontracting companies and Kipushi Corporation (KICO), a subsidiary of Ivanhoe Mines, have signed a partnership agreement aimed at generating both direct and indirect jobs in the Democratic Republic of Congo. The signing ceremony was presided over by Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP). The initiative fulfills a pledge made by President Félix Tshisekedi during the inauguration of the Kipushi zinc mine in November 2024. At that… Read More Here

Mining in DRC

DRC’s Tantalum Prices Rise 0.78% After Weeks of Stability

August 18, 2025August 18, 2025 Constance

DRC Tantalum Prices Climb 0.78% as Global Demand Strengthens The price of tantalum, one of the Democratic Republic of Congo’s (DRC) key export minerals, rose by 0.78% on international markets between August 11 and 16, 2025. According to the National Commission of Mercuriales under the Ministry of Foreign Trade, tantalum traded at $322.5 per kilogram, up from $320.0 the previous week. This marks the first significant upward movement after several weeks of relative stability. From mid-June to mid-July 2025, tantalum prices hovered around $320 per kilogram, with the exception of… Read More Here

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DRC-Africa Battery Metals Forum announces strong advisory board for key industry insights

August 18, 2025August 18, 2025 Constance

“A passionate, experienced and industry-led team” The organisers of the DRC-Africa Battery Metals Forum have announced the members of this year’s advisory board for the event that is heading for Kolwezi from 29 to 30 September. By driving localisation, beneficiation and industrialisation, the third edition of DRC-Africa Battery Metals Forum will connect stakeholders, such as global investors, manufacturers and strategic development partners, to unlock investment, advance local processing and accelerate the DRC’s transition from mineral exporter and capitalise on the next frontier of economic growth through industrialisation. “We’re very honoured… Read More Here

Mining in DRC Governance Mining Personality

New DRC Mines Minister Louis Watum Strengthens Ties with China

August 18, 2025August 18, 2025 Constance

DRC’s New Mines Minister Louis Watum Meets Chinese Ambassador to Bolster Mining Cooperation Louis Watum Kabamba, newly appointed Minister of Mines in the Suminwa II government, officially took office on Wednesday, August 13, 2025, succeeding Kizito Pakabomba. The following day, he held a strategic meeting in Kinshasa with Zhao Bin, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Democratic Republic of Congo (DRC). The encounter highlighted China’s pivotal role as one of the DRC’s leading partners in the mining sector. In a statement shared on his… Read More Here

Corporate News Battery Metals Lithium Mining in DRC

KoBold Metals to Acquire 17,000 Mining Concessions in DRC Lithium Push

August 18, 2025August 18, 2025 Constance

Backed by Gates and Bezos, KoBold Metals Targets DRC Lithium in $1B Exploration Deal KoBold Metals, a U.S.-based mining company backed by billionaires Bill Gates and Jeff Bezos, is preparing to acquire nearly 17,000 mining concessions in the Democratic Republic of Congo (DRC) as part of an ambitious large-scale exploration program. The company uses advanced artificial intelligence and data-driven technology to identify deposits of critical minerals used in electric vehicle (EV) batteries. On July 17, 2025, KoBold signed an agreement in principle with the Congolese government in a ceremony attended… Read More Here

Mining in DRC Regional conflict

U.S. Sanctions Armed Groups Exploiting Critical Minerals in Eastern DRC

August 18, 2025August 18, 2025 Constance

U.S. Warns Armed Groups in DRC: Sanctions Target Illicit Mineral Trade and Rwanda-Backed M23 The United States announced new sanctions on Tuesday, August 12, 2025, targeting armed groups involved in the illegal exploitation of critical minerals in eastern Democratic Republic of Congo (DRC). Washington also warned that it is prepared to act against any group obstructing U.S. and allied access to these minerals, particularly in Rubaya, an area under the control of Rwanda’s army and M23 rebels for several months. “The Treasury Department will not hesitate to take action against… Read More Here

Mining in DRC

Congolese Miner CDMC Denies Links to Armed Groups Amid U.S. Sanctions

August 18, 2025August 18, 2025 Constance

CDMC Rejects Allegations of Armed Group Ties as U.S. Sanctions Target Rubaya Mining The Congolese mining company recently sanctioned by the United States has categorically rejected allegations linking it to armed groups and mineral smuggling in eastern Democratic Republic of Congo (DRC). On Tuesday, the U.S. Treasury Department announced sanctions against the Cooperative des Artisanaux Miniers du Congo (CDMC) over what it described as the illicit sale of critical minerals smuggled from Rubaya, a mineral-rich region. The sanctions also targeted the Coalition des Patriotes Resistants Congolais-Forces de Frappe (PARECO-FF)—an armed… Read More Here

Gold Corporate News Mining in DRC Mining in Zambia

Barrick Gold Highlights Africa as Core Growth Driver with Record Output from Kibali and Lumwana

August 14, 2025August 14, 2025 Constance

Barrick Hails Africa as Key Cash Generator, Showcasing Growth Across Gold and Copper Operations Africa remains a cornerstone of Barrick Gold’s portfolio, with the continent delivering some of the strongest cash flows for the company in the second quarter of 2025. CEO Mark Bristow praised the region’s performance, noting higher production, improved unit costs, and progress on multiple strategic growth projects. Barrick’s flagship Kibali gold mine in the Democratic Republic of Congo (DRC) delivered another strong quarter. Operated by Barrick and jointly owned with AngloGold Ashanti (45% each) and Société… Read More Here