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Category: Mining in DRC

DRC Entered Africa’s Top 10 Mining Jurisdictions for the First Time in 2024 1 Mining in DRC 

DRC Entered Africa’s Top 10 Mining Jurisdictions for the First Time in 2024

Constance
DRC Ranked Among Africa’s Top 10 Most Attractive Mining Destinations in 2024 Fraser Institute Report The Democratic Republic of Congo (DRC) has entered the list of Africa’s top 10 most attractive mining jurisdictions, according to the 2024 Fraser Institute rankings. While the DRC is positioned at the bottom of the regional top 10, its inclusion marks a notable shift in investor perception within the continent’s mining sector. However, Morocco emerged as the most attractive mining destination in Africa, ranking 18th globally out of 82 jurisdictions assessed. The North African nation—Africa’s… Read More Here
Ivanhoe Mines Delivers Strong Q2 Results Amid Operational Resilience Across Key Projects 2 Mining in DRC Corporate News 

Ivanhoe Mines Delivers Strong Q2 Results Amid Operational Resilience Across Key Projects

Constance
Ivanhoe Mines Posts $35M Q2 Profit, Highlights Progress at Kamoa-Kakula, Platreef, and Kipushi Operations Ivanhoe Mines has reported a second-quarter profit of $35 million, alongside adjusted EBITDA of $123 million. This includes $128 million in attributable EBITDA from the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). Kamoa-Kakula produced 112,009 tonnes of copper during the quarter. The Phase 1 and 2 concentrators operated at 85% of their design capacity, while the newly commissioned Phase 3 concentrator exceeded expectations, running at 30% above its design capacity. Operations at the… Read More Here
President Tshisekedi Calls for Review of Tax Clearance Measures to Support Economic Growth 3 Mining in DRC Economy Governance 

President Tshisekedi Calls for Review of Tax Clearance Measures to Support Economic Growth

Constance
DRC President Tshisekedi Orders Reassessment of Tax Clearance Rules Amid Economic Concerns Amid growing concerns from business leaders over tax clearance requirements affecting commercial and administrative operations, President Félix Tshisekedi has called for a comprehensive review of these measures. His directive came during the 52nd ordinary session of the Council of Ministers. The 2025 Finance Act and its implementing decree of April 9 introduced mandatory tax clearance certificates for a wide range of activities. These include inter-company payments, opening bank accounts for non-residents, and acquiring administrative documents for expatriates. However,… Read More Here
Investor Confidence Grows as Standard Bank Endorses DRC's Development Agenda 4 Mining in DRC Economy Governance 

Investor Confidence Grows as Standard Bank Endorses DRC’s Development Agenda

Constance
Standard Bank Pledges Investment in DRC Infrastructure Projects Despite Ongoing Security Crisis Investor confidence in the Democratic Republic of Congo (DRC) continues to rise, fueled by President Félix Tshisekedi’s clear development vision. This momentum was further demonstrated on Thursday, July 24, 2025, when Prime Minister Judith Suminwa welcomed a high-level delegation from the Standard Bank Group, led by Lungisa Fuzile, Chief Executive for the Africa Region. The visit aimed to showcase the banking giant’s interest in partnering on key national development projects, despite challenges in the region. “We are here,… Read More Here
DRC Aims to Boost Local Cobalt Refining by Targeting Fairer Prices and Long-Term Market Stability 5 Mining in DRC Battery Metals Cobalt Economy 

DRC Aims to Boost Local Cobalt Refining by Targeting Fairer Prices and Long-Term Market Stability

Constance
Congo Eyes Cobalt Price Rebound to Drive Local Refining, Reduce China’s Dominance The Democratic Republic of Congo (DRC) is pushing for a sustainable cobalt price to encourage domestic processing, as the government charts its course following a suspension of cobalt exports. The move, part of a broader strategy to stabilize global markets and attract local investment, comes amid shifting dynamics in the critical battery metal industry. Congo, responsible for nearly 75% of the world’s cobalt supply, first halted exports on February 22 for four months. In June, the government extended… Read More Here
President Tshisekedi Appoints New Leadership at Congo Ressources SA to Boost Mining Sector 6 Mining in DRC Governance 

President Tshisekedi Appoints New Leadership at Congo Ressources SA to Boost Mining Sector

Constance
DRC President Tshisekedi Names New Congo Ressources SA Leaders to Revitalize Dormant Mining Assets President Félix-Antoine Tshisekedi Tshilombo has appointed new leaders to key public institutions, including the state-owned mining company Congo Ressources SA. The announcements were made by presidential spokesperson Tina Salama during a broadcast on Congolese National Radio and Television (RTNC). New Leadership at Congo Ressources SATwo executives have been named to head Congo Ressources SA, a public enterprise established in 2022 under the supervision of the Ministry of Portfolio: Kankolongo Mulaja Léon: Chairman of the Board of… Read More Here
DRC to Host Strategic Minerals Summit in Washington Amid Growing U.S. Interest 7 Mining in DRC 

DRC to Host Strategic Minerals Summit in Washington Amid Growing U.S. Interest

Constance
U.S.-DRC Critical Minerals Summit to Foster American Investment in Copper, Cobalt, and Coltan The Democratic Republic of the Congo (DRC) will take center stage at a high-level international summit on critical minerals this Monday, August 21, 2025, in Washington, D.C., United States. Sponsored by the Congolese firm Sokam Holding Sarl, the summit will focus on the responsible exploitation of copper, coltan, and cobalt—minerals in which the DRC holds nearly 80% of the world’s known reserves. These resources are crucial to the global transition to clean energy technologies. The event, officially… Read More Here
KoBold Metals Files for Exploration Permits with CAMI in the DRC 8 Mining in DRC Battery Metals Corporate News New Mining Projects 

KoBold Metals Files for Exploration Permits with CAMI in the DRC

Constance
KoBold Metals Seeks Over $1 Billion Lithium Investment in DRC Amid Legal Dispute Over Manono Mine Benjamin Katabuka, CEO of KoBold Metals in the Democratic Republic of Congo, officially submitted exploration permit applications to the DRC’s Mining Registry last Wednesday. Following the submission, Katabuka held a high-level meeting with Popol Mabolia Yenga, CEO of the Mining Cadastre. This development comes on the heels of a strategic agreement signed on July 17, 2025, between the Congolese government and KoBold Metals, an American start-up leveraging artificial intelligence to locate and extract critical… Read More Here
DRC Mining Audit Uncovers Major Shortfall in Funds for Community Development 9 Mining in DRC 

DRC Mining Audit Uncovers Major Shortfall in Funds for Community Development

Constance
DRC Mining Companies Underreport Billions in Revenue, Dodging Millions in Community Development Contributions As part of its 2024 annual activity program, the Democratic Republic of Congo’s (DRC) Court of Auditors conducted an audit on the management of a mandatory 0.3% turnover contribution by mining companies toward community development projects. This audit covered the period from 2018 to 2023 and focused on the compliance of mining companies operating in the production phase, as required under Article 258 bis of the DRC Mining Code. The Court’s investigation uncovered substantial irregularities that undermine… Read More Here
DRC Establishes Carbon Market Regulatory Authority to Boost Oversight and Investment 10 Mining in DRC 

DRC Establishes Carbon Market Regulatory Authority to Boost Oversight and Investment

Constance
DRC Launches Carbon Market Regulatory Authority to Strengthen Oversight and Attract Green Investment On Wednesday, July 23, 2025, a series of presidential ordinances were announced on Congolese National Radio and Television (RTNC) by Tina Salama, spokesperson for the President of the Democratic Republic of Congo (DRC). Among the key announcements was the creation of a new public institution: the Carbon Market Regulatory Authority (ARMCA). Established on the government’s recommendation, ARMCA aims to regulate and manage the country’s emerging carbon credit market. Jacques Célestin Moliba Bakanza has been appointed as Chairman… Read More Here

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