Mining in DRC - Copperbelt Katanga Mining

Mining in DRC Contracts & tenders Oil & Gas

DRC to Revise Petroleum Code After Failed Oil Tender, Eyes U.S. Partnerships

May 21, 2025May 21, 2025 Constance

The Democratic Republic of Congo (DRC) is preparing a comprehensive overhaul of its Petroleum Code, with a draft reform expected to be submitted to the Council of Ministers within three months before being forwarded to Parliament, according to Hydrocarbons Minister Aimé Sakombi Molendo in an interview with Jeune Afrique. The proposed revision follows the unsuccessful July 28, 2022, tender for 27 oil blocks — a process that fell short due to several key factors: an uncompetitive tax regime, insufficient seismic data, and the inclusion of protected environmental areas within some… Read More Here

Transport and Logistics Mining in DRC Mining in Zambia

Lobito Corridor Platform Launched to Drive $1 Billion Investment in African Growth

May 21, 2025May 21, 2025 Constance

The Angola Sovereign Wealth Fund (FSDEA), in partnership with entrepreneur Haim Taib — Founder of the international firm Mitrelli and the Menomadin Group — has launched a $1 billion investment initiative to accelerate development along the Lobito Corridor. This vital trade route spans Angola, Zambia, and the Democratic Republic of the Congo (DRC). The new initiative, named the Lobito Corridor Impact Development (LCID) platform, will operate as an independent investment vehicle. Its mission is to catalyze industrial and human development through strategic investments in infrastructure, agriculture, education, digital inclusion, and… Read More Here

Mining in DRC Electricity

Japan Grants $27 Million to Boost Electricity Access in Kinshasa’s Mont-Amba District

May 19, 2025May 19, 2025 Constance

The Japan International Cooperation Agency (JICA) has awarded $27 million in non-repayable funding to the Société Nationale d’Électricité (SNEL), the Democratic Republic of Congo’s (DRC) national power utility. The agreement was signed on May 9, 2025, by DRC Minister of Foreign Affairs Thérèse Kayikwamba Wagner and the Japanese Ambassador to the DRC, Ogawa Hidetoshi. The funding is designated to enhance electricity access in the Mont-Amba district of Kinshasa, which includes the municipalities of Limete, Lemba, Matete, Ngaba, and Kisenso. The project includes the rehabilitation of the 220-kV Liminga and Funa… Read More Here

Mining in DRC Events & Expos

DRC Prime Minister Highlights Lobito Corridor’s Role in Economic Transformation at KBM 2025

May 18, 2025May 18, 2025 Constance

The sixth edition of the Katanga Business Meeting (KBM), held under the theme “Building Our Future: Focus on Priority Objectives,” opened on Wednesday, May 14, 2025, in Kolwezi. The event was inaugurated by Prime Minister Judith Suminwa, who underscored the strategic significance of the Lobito Corridor for the Democratic Republic of Congo (DRC). In her opening address, Prime Minister Suminwa emphasized that the corridor represented more than just a transportation route—it stood as a dynamic symbol of regional integration. “This is a new opportunity to attract structural investments and promote… Read More Here

Mining in DRC

Lualaba Governor Demands People-Centered Development Along Lobito Corridor

May 18, 2025May 18, 2025 Constance

The Lobito Corridor must first and foremost serve the interests of the Congolese people. This was the firm declaration made by Lualaba Governor Fifi Masuka on Wednesday, May 14, 2025, during the opening of the sixth edition of the Katanga Business Mining forum in Kolwezi. Governor Masuka emphasized the urgency of transforming the Lobito Corridor from a mere export route into a vehicle for economic empowerment. “It is more than urgent to make this corridor an axis of transformation for the Congolese people, not just a route for exporting minerals,”… Read More Here

Mining in DRC

US-DRC Critical Minerals Deal Demands Mining Reform and Transparency

May 18, 2025May 18, 2025 Constance

The United States is facing a strategic economic and national security challenge: securing critical mineral supplies without relying on geopolitical adversaries, particularly China. As part of this effort, Washington is finalizing a partnership with the Democratic Republic of Congo (DRC) to ensure access to key resources such as cobalt, copper, coltan, and lithium. In exchange, the U.S. is expected to support the stabilization of eastern DRC. This minerals-for-security-and-development agreement places Kinshasa under scrutiny, particularly in terms of mining governance and transparency—key conditions for attracting U.S. private sector investment. Washington’s stance… Read More Here

Mining in DRC

Afrewatch Urges Oversight as $1B Sicomines Projects Face Scrutiny

May 18, 2025May 18, 2025 Constance

The first phase of infrastructure development under the Sicomines agreement—an investment partnership between the Democratic Republic of Congo (DRC) and a Chinese business consortium—mobilized a total of USD 1.053 billion, of which USD 822.1 million was allocated to completed projects, according to a new report by the NGO Afrewatch. Drawing on data from the Congolese Agency for Major Works (ACGT), the report reveals that 42 projects were launched in this initial phase. Of these, 36 have been completed, while six remain ongoing. However, only 20 projects have been definitively approved.… Read More Here

Mining in DRC Battery Metals Cobalt

CMOC, Glencore, and ERG Dominate as DRC Supplies 70% of Global Cobalt in 2024

May 18, 2025May 18, 2025 Constance

According to the latest report from the Cobalt Institute, the Democratic Republic of Congo (DRC) reinforced its position as the cornerstone of the global cobalt supply chain in 2024, accounting for over 70% of global mined output. Remarkably, 85% of the country’s cobalt exports were handled by just three companies: CMOC, Glencore, and Eurasian Resources Group (ERG). Production soared to new records, largely driven by CMOC’s output from its Tenke Fungurume (TFM) and Kisanfu (KFM) operations, which together yielded 114,000 tonnes—31% above previously projected capacity. However, this production boom contributed… Read More Here

Mining in DRC Artisanal mining Battery Metals Cobalt

Artisanal Cobalt Mining in the DRC Shrinks to Record Low Amid Industrial Surge and Price Pressures

May 18, 2025May 18, 2025 Constance

In the Democratic Republic of Congo (DRC), artisanal cobalt mining—a sector that has historically contributed between 10% and 30% of national output—is facing a sharp decline. According to the Cobalt Institute’s annual report released on May 14, 2025, artisanal mining accounted for just 2% of the country’s cobalt production in 2024. This marks a historically low level of contribution from small-scale miners, sharply contrasting with previous years. “In 2018, when cobalt prices peaked above USD 40 per pound, artisanal miners represented around 10% of the DRC’s output,” the report states.… Read More Here

Mining in DRC Events & Expos

Kamoa Copper Champions Local Value Creation and Lobito Corridor at Katanga Business Meeting

May 18, 2025May 18, 2025 Constance

Kamoa Copper SA, a leading mining operator in the Democratic Republic of Congo (DRC), participated as a Platinum Sponsor at the 6th edition of the Katanga Business Meeting (KBM), held from May 15 to 16 at the Lualaba Provincial Assembly headquarters in Kolwezi. Held under the theme “Building Our Future: Focus on Priority Objectives,” the event brought together economic stakeholders from across the DRC. Kamoa Copper stood out both as an exhibitor and panelist, reflecting its growing influence in the country’s mining and economic sectors. On the first day of… Read More Here