Mining in DRC - Copperbelt Katanga Mining

DRC Engages EU on Peace and Aid as PM Suminwa Meets Great Lakes Envoy

May 4, 2025May 4, 2025 Constance

On Wednesday, April 30, 2025, Prime Minister Judith Suminwa Tuluka met with Mr. Johan Borgstam, the European Union’s Special Representative for the Great Lakes Region, to discuss the EU’s continued support for humanitarian aid and peace initiatives in the Democratic Republic of Congo (DRC). “It was a very warm exchange,” said Borgstam. “We discussed the EU’s support for humanitarian operations in eastern DRC, ongoing peace processes, and development cooperation projects. The EU has already delivered over 100 tons of humanitarian aid, now in Goma.” He also welcomed recent diplomatic progress,… Read More Here

Mining in DRC Copper Corporate News

Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April

May 3, 2025May 3, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced today that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 50,176 tonnes of copper in concentrate during the 30 days of April. The concentrators milled 1.35 million tonnes of ore at an average feed grade of 4.19% copper during the month. The recently ramped-up Phase 3 concentrator achieved an average recovery rate of… Read More Here

Mining in DRC Mining Personality New Mining Projects

KoBold Metals Expands Presence in DRC with New Leadership Appointment

May 3, 2025May 3, 2025 Constance

US-based KoBold Metals, a mineral exploration company backed by high-profile investors including Bill Gates and Jeff Bezos, has announced further expansion into the Democratic Republic of the Congo (DRC) with the appointment of Benjamin Katabuka as Director-General for its DRC operations. KoBold is best known for its data-driven exploration approach, using artificial intelligence to pinpoint untapped mineral resources. The company has already drawn attention with a bid for the Manono project—one of Africa’s largest known lithium deposits, which also contains significant tin reserves. Katabuka stated that KoBold plans to apply… Read More Here

Mining in DRC

DRC Shifts Focus to Mining Sector Diversification for Sustainable Growth

May 3, 2025May 3, 2025 Constance

The Democratic Republic of Congo (DRC), through the Ministry of Mines, has launched a renewed drive to diversify its mining sector. This initiative is aimed at strengthening the country’s economic resilience and supporting inclusive, sustainable development. According to a statement from the Ministry of Mines, Minister Kizito Pakabomba is leading efforts to reduce the nation’s overreliance on copper and cobalt by expanding into other strategic minerals such as lithium, gold, and rare earth elements. “The Minister of Mines, Kizito Pakabomba, is initiating a new approach to diversify the mining sector… Read More Here

Mining in DRC

South Kivu Governor Warns of Fake Mining Documents Circulated from Bujumbura

May 3, 2025May 3, 2025 Constance

On Thursday, May 1, 2025, South Kivu Governor Jean-Jacques Purusi issued a formal letter to the heads of the Territorial and Urban-Territorial Mining Offices, raising alarm over the circulation of falsified mining documents reportedly produced outside the province, particularly in Bujumbura, Burundi. According to the governor, several unauthorized and counterfeit documents—including receipt books, vignettes, trader cards, and artisanal mining operator cards—have been identified. These materials, he said, were printed without the knowledge or authorization of the Provincial Government and lack the legally required signature of the Provincial Minister of Mines,… Read More Here

Mining in DRC Mining tax

Carter Center Urges DRC to Reform Mining Tax System for Greater Revenue

May 3, 2025May 3, 2025 Constance

In a newly released study titled “Between Hopes and Realities: A Critical Look at the Tax Regime of the Revised Mining Code of March 2018 and Its Impact on Revenue Maximization,” the Carter Center has called on the Democratic Republic of Congo (DRC) to overhaul its mining tax system and modernize tax administration to better capitalize on the country’s vast mineral wealth. Published on April 30, the report comes seven years after the revised Mining Code came into effect. According to Romain Ravet, the Carter Center’s country representative in the… Read More Here

Mining in DRC Regional conflict

U.S. Pushes for DRC-Rwanda Peace Deal Tied to Multi-Billion Dollar Mineral Investments

May 3, 2025May 3, 2025 Constance

The United States is working to broker a peace agreement between the Democratic Republic of Congo (DRC) and Rwanda, with the goal of finalizing and signing the accord at the White House in roughly two months. The peace deal would be accompanied by bilateral mineral agreements expected to unlock billions of dollars in Western investment across the region, according to Massad Boulos, senior advisor for Africa to former President Donald Trump. “When we sign the peace agreement, the minerals deal with the DRC will be signed that same day, followed… Read More Here

Mining in DRC Battery Metals Cobalt Lithium Uranium

Belgium Signals Stronger Role in DRC’s Critical Minerals Sector

April 30, 2025April 30, 2025 Constance

Belgium is ready to deepen its involvement in the Democratic Republic of Congo’s (DRC) critical minerals sector, according to Belgian Foreign Minister Maxime Prévot, who is currently visiting the Central African country as it seeks to diversify its investment partnerships. The DRC holds some of the world’s largest reserves of copper, cobalt, lithium, and uranium. However, persistent instability and insecurity—particularly in the east—have long hindered the scale of foreign investment required to fully develop the sector’s potential. Amid growing interest from global powers, Kinshasa is actively looking to attract new… Read More Here

Mining in DRC Economy Tin

Tin Prices Recover as Commodities Show Mixed Trends in DRC’s Mining Sector

April 30, 2025April 30, 2025 Constance

Tin prices are showing a positive recovery this week, following a period of decline since March. As of the week from April 28 to May 3, 2025, tin is trading at USD 31,216 per tonne, up from USD 30,891 the previous week, marking a notable uptick in the market. During the week of April 21-26, 2025, tin had been trading at USD 30,891 per tonne, down from USD 35,142 the week prior (April 14-19). This decline of 5% was largely attributed to the temporary closure of Alphamin, a U.S.-based company… Read More Here

Mining in DRC Economy

DRC’s Mining Sector Generates $4.36 Billion in 2024

April 28, 2025April 28, 2025 Constance

The mining sector of the Democratic Republic of Congo (DRC) generated $4.36 billion in 2024, accounting for approximately 41.3% of the country’s total revenue, estimated at over $10.62 billion. This was reported by the financial rating agency Standard & Poor’s (S&P) in a recent post on its X (formerly Twitter) account. According to S&P, this performance resulted from multiple sources of revenue, including income tax on expatriates’ salaries, exceptional taxes on foreign workers’ compensation, permits for exploration or exploitation, and mining royalties. The latest report from the DRC Ministry of… Read More Here