Kizito Pakabomba Bids Farewell as DRC Minister of Mines 1 Mining in DRC Mining Personality 

Kizito Pakabomba Bids Farewell as DRC Minister of Mines

Former DRC Minister of Mines, Kizito Pakabomba, thanks President Félix Tshisekedi and PM Judith Suminwa as he hands over to Louis Watum, who will lead the strategic mining sector. Following the announcement of the Suminwa II government on Thursday, August 7, 2025, Kizito Pakabomba officially stepped down from his role as Minister of Mines in the Democratic Republic of Congo (DRC). In a message posted on his X account (formerly Twitter) this Friday, August 8, 2025, the outgoing minister expressed his “deep gratitude” to President Félix Tshisekedi and Prime Minister… Read More Here
Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban 2 Mining in DRC Battery Metals Cobalt Economy 

Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban

Glencore May Be Unable to Sell Cobalt in 2025 Due to Congo Export Ban Glencore (LON: GLEN), the world’s second-largest cobalt producer, issued a warning on Wednesday that a substantial portion of its cobalt output may remain unsold by the end of 2025, citing ongoing export restrictions in the Democratic Republic of Congo (DRC). The DRC, which produces the majority of the world’s cobalt, imposed a four-month export ban in February 2025 after prices plunged to a nine-year low. In June, the Congolese government extended the ban by an additional… Read More Here
DRC Projects 5.3% Economic Growth in 2025 Amid Easing Inflation and Structural Reforms 3 Mining in DRC Economy 

DRC Projects 5.3% Economic Growth in 2025 Amid Easing Inflation and Structural Reforms

DRC Forecasts Slower but Steady Growth at 5.3% in 2025, Inflation Falls Sharply from 2024 Levels The economy of the Democratic Republic of Congo (DRC) is projected to grow by 5.3% in 2025, down from an estimated 6.5% in 2024, according to the latest forecasts released by the Central Bank of Congo (BCC). , While this marks a modest slowdown compared to recent years, the extractive industries continue to play a dominant role as the primary engine of national economic expansion. On the inflation front, the DRC is showing encouraging… Read More Here
DRC Court of Auditors Reveals Turnover Underreporting by Mining Companies 4 Mining in DRC 

DRC Court of Auditors Reveals Turnover Underreporting by Mining Companies

Court of Auditors Uncovers Major Irregularities in Mining Sector’s Community Development Fund Contributions (2018–2023) As part of its 2024 annual work program, the Court of Auditors conducted a comprehensive audit of the management of the mandatory contribution equal to a minimum of 0.3% of turnover for community development projects in the mining sector, covering the period from 2018 to 2023. This compulsory levy, established under Article 258 bis of the Mining Code, requires mining companies in the production phase to allocate at least 0.3% of their turnover toward community development… Read More Here
DRC Launches Crackdown on Illegal Mining Activities in Kolwezi to Protect National Resources 5 Mining in DRC 

DRC Launches Crackdown on Illegal Mining Activities in Kolwezi to Protect National Resources

DRC’s National Commission Intensifies Fight Against Illegal Mining and Unauthorized Operators in Kolwezi An official mission from the National Commission for the Fight against Mining Fraud (CNLFM) has been deployed in Kolwezi, Lualaba Province, to investigate widespread illegal artisanal mining and unauthorized operations by men in uniform and foreigners using heavy machinery on mining company sites. This information was confirmed by local sources in the mining hub on July 31, 2025. According to reports, heavy machinery was found operating illegally within protected areas on the Metalkol site. These discoveries highlight… Read More Here
DRC Prioritizes Local Entrepreneurs in Economic Strategy During Angola Visit 6 Mining in DRC Economy 

DRC Prioritizes Local Entrepreneurs in Economic Strategy During Angola Visit

DRC Champions Local Entrepreneurs as Catalysts for Economic Growth The Government of the Democratic Republic of Congo (DRC) is intensifying its efforts to make local entrepreneurs the cornerstone of its national economic strategy. During an official visit to Angola, on Tuesday, July 29, 2025, Deputy Prime Minister for the Economy, Daniel Mukoko Samba, reaffirmed the government’s commitment to empowering the Congolese private sector as a key player in the country’s development trajectory. “For the DRC, the best way to access the Congolese market is through local entrepreneurs,” said Mukoko Samba… Read More Here
DRC Leads Push for Stronger Regional Controls on Illegal Mining at ICGLR Ministerial Summit 7 Mining in DRC 

DRC Leads Push for Stronger Regional Controls on Illegal Mining at ICGLR Ministerial Summit

DRC Hosts ICGLR Mining Summit, Calls for Stronger Regional Action Against Illegal Mineral Trade The Democratic Republic of Congo (DRC) hosted the 8th Ordinary Meeting of Ministers in charge of Mines from member states of the International Conference on the Great Lakes Region (ICGLR) on July 31, 2025, in Kinshasa. Held at the Hilton Hotel, the high-level summit brought together regional mining leaders to address the dual nature of mineral resources as both a catalyst for development and a driver of conflict when exploited illegally. At the center of the… Read More Here
DRC Launches Strategic Overhaul of Hydrocarbon Law to Boost Investment and Energy Sovereignty 8 Mining in DRC Energy 

DRC Launches Strategic Overhaul of Hydrocarbon Law to Boost Investment and Energy Sovereignty

DRC Begins Revision of Outdated Hydrocarbon Law to Attract Investors and Align with Energy Transition Goals The Minister of Hydrocarbons, Aimé Sakombi Molendo, officially launched a strategic workshop on Thursday, July 31, 2025, to revise Law No. 15/012 of August 1, 2015, which governs the Democratic Republic of Congo’s hydrocarbon sector. The event took place at the Rotana Hotel in Kinshasa/Gombe, attended by lawmakers, government officials, industry experts, and sector partners. Now ten years old, the current hydrocarbon law is widely viewed as outdated and inadequate in addressing the sector’s… Read More Here
DRC and Rwanda Launch Joint Monitoring Committee to Oversee Peace Agreement Implementation 9 Mining in DRC 

DRC and Rwanda Launch Joint Monitoring Committee to Oversee Peace Agreement Implementation

DRC and Rwanda Hold First Joint Monitoring Committee Meeting to Advance 2025 Peace Agreement The Democratic Republic of Congo (DRC) and the Republic of Rwanda convened the inaugural session of the Joint Monitoring Committee on Thursday, July 31, 2025, in Kinshasa, marking a critical step in implementing the Peace Agreement signed on June 27, 2025, in Washington, D.C. Also in attendance were representatives from the United States, Qatar, Togo—acting as the official facilitator appointed by the African Union—and the African Union Commission, all of whom played key roles in brokering… Read More Here
Ventora Group Challenges “Congo Is Not for Sale” Report on Mutanda Mine Over Factual Inaccuracies 10 Mining in DRC 

Ventora Group Challenges “Congo Is Not for Sale” Report on Mutanda Mine Over Factual Inaccuracies

Ventora Group Refutes CNPAV Report on Mutanda Mine, Citing Inaccuracies and Omitted Evidence The Ventora Group has publicly rejected the findings of a recent report released by the “Congo Is Not for Sale” (CNPAV) coalition, which scrutinizes the sale of the Mutanda mining project in the Democratic Republic of Congo (DRC). In a press release dated August 1, 2025, Ventora criticized the report’s credibility, citing “serious factual inaccuracies” and “methodological flaws.” “We categorically reject its conclusions and are concerned about its lack of rigor and transparency,” the group stated. Ventora… Read More Here

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