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Category: Mining in DRC

ERG Africa Champions Women’s Inclusion at Kinshasa Mining Event 1 Mining in DRC Corporate News Events & Expos 

ERG Africa Champions Women’s Inclusion at Kinshasa Mining Event

Constance
As a proud member of the Chambre des Mines – Fédération des Entreprises du Congo, ERG Africa was honoured to actively participate in the Women’s Day event held on 16 April in Kinshasa. The event, attended by the Governor of Kinshasa, His Excellency Mr. Daniel Bumba, placed a strong focus on advancing women’s inclusion in the mining sector, particularly through local subcontracting initiatives. ERG Africa CEO, Nicolas Treand, took part in a panel discussion alongside two of the company’s partners, Dana Mopulunga, Managing Director of Degymo Group, and Stephanie Taky,… Read More Here
Gates- & Bezos-Backed KoBold Expands in DRC to Challenge China’s Grip on Critical Minerals 2 Mining in DRC Cobalt Copper 

Gates- & Bezos-Backed KoBold Expands in DRC to Challenge China’s Grip on Critical Minerals

Constance
A U.S. mining company backed by billionaires Bill Gates and Jeff Bezos is expanding its operations in the Democratic Republic of Congo (DRC), aiming to secure rare minerals essential for the global energy transition and counter China’s dominance in the sector. KoBold Metals, the Berkeley-based company supported by Gates’s Breakthrough Energy Ventures—whose investors also include Jeff Bezos and former New York Mayor Michael Bloomberg—plans to leverage artificial intelligence to discover new mineral deposits in the DRC’s resource-rich basins. Newly appointed Director-General Benjamin Katabuka announced the company’s ambitions as it deepens… Read More Here
DRC Invites Japanese Companies to Invest in Its Mining Sector 3 Mining in DRC 

DRC Invites Japanese Companies to Invest in Its Mining Sector

Constance
During the Japan-DRC Business Forum held from April 20 to 22, Popol Mabolia, Director General of the Mining Registry (CAMI), led a Congolese delegation in calling for greater Japanese investment in the Democratic Republic of Congo’s mining sector. Addressing major Japanese companies such as Sumitomo and Ambatovy, Mabolia encouraged partnerships with local mining firms, including state-owned Gécamines and Kisenge Manganèse. His appeal aligns with the forum’s broader aim of strengthening economic cooperation and promoting investment opportunities between the two countries. To attract Japanese investors, Mabolia emphasized the DRC’s vast mining… Read More Here
Gold Mine Collapse in Eastern DRC Kills at Least 10 Amid Ongoing Conflict 4 Mining in DRC Gold Mine Safety 

Gold Mine Collapse in Eastern DRC Kills at Least 10 Amid Ongoing Conflict

Constance
At least 10 people have been confirmed dead following the collapse of a gold mine in eastern Democratic Republic of Congo, according to Douglas Dunia Masumbuko, the M23-appointed governor of South Kivu province. The incident occurred at the Luhihi mine, with Masumbuko warning that the death toll could rise due to the number of injuries sustained. He attributed the collapse to “uncontrolled construction and poor maintenance of gold wells” in the area. Mining accidents are common in the DRC, particularly at small, artisanal mining sites where safety standards are often… Read More Here
IMF Warns DRC’s Investment Growth May Fall Short Without Structural Reforms 5 Mining in DRC Economy 

IMF Warns DRC’s Investment Growth May Fall Short Without Structural Reforms

Constance
The International Monetary Fund (IMF), in its latest report released during the IMF and World Bank Spring Meetings, projects that investment in the Democratic Republic of Congo (DRC) will peak at 16.5% of GDP by 2029. The forecast anticipates a gradual rise in investment levels between 2025 (14.9%) and 2029. However, a slight decline to 16.2% projected for 2030 signals a potential slowdown or lack of continuity in major projects. Despite the upward trend, the DRC’s investment rate remains below the benchmarks seen in fast-growing emerging economies. Experts note that… Read More Here
DRC and Indonesia Strengthen Strategic Ties Around Natural Resources 6 Mining in DRC 

DRC and Indonesia Strengthen Strategic Ties Around Natural Resources

Constance
A new milestone in the growing strategic partnership between Kinshasa and Jakarta was reached on April 23, 2025, as Presidents Félix Tshisekedi and Prabowo Subianto held their second exchange since the Indonesian leader’s inauguration. Their goal: to deepen multifaceted cooperation and reinforce diplomacy centered on natural resources. The two heads of state spoke via videoconference, continuing the dialogue initiated on December 14, 2024, shortly after Prabowo Subianto’s election. Discussions focused on creating partnerships across economic, mining, agricultural, diplomatic, and infrastructure sectors. Jakarta is positioning itself as a strategic ally to… Read More Here
U.S. Oversees Signing of Peace Declaration Between DRC and Rwanda 7 Mining in DRC Governance 

U.S. Oversees Signing of Peace Declaration Between DRC and Rwanda

Constance
On Friday, April 25, 2025, U.S. Secretary of State Marco Rubio presided over the signing of a Declaration of Principles between the Government of the Democratic Republic of Congo (DRC) and the Government of Rwanda, according to the U.S. Embassy in the DRC. The DRC’s Minister of Foreign Affairs, Thérèse Kayikwamba Wagner, signed on behalf of the Congolese government, while Rwanda’s Minister of Foreign Affairs, Olivier Nduhungirehe, signed for the Rwandan side. Deputy Secretary of State Christopher Landau, Senior Advisor for Africa Massad Boulos, and Ambassador Troy Fitrell also attended… Read More Here
U.S. Reaffirms Support for Lobito Corridor to Boost DRC and Regional Economies 8 Mining in DRC Angola Economy Mining in Zambia Transport and Logistics 

U.S. Reaffirms Support for Lobito Corridor to Boost DRC and Regional Economies

Constance
On April 17, 2025, U.S. Senior Advisor Massad Boulos announced that Washington would continue supporting the Lobito Corridor, a major rail and road project connecting the Democratic Republic of Congo’s (DRC) mineral-rich regions to Angola’s Atlantic port. The statement followed his visit to the DRC, Rwanda, Uganda, and Kenya. “We fully support the Lobito Corridor, a huge project vital not only for the economies of Congo, Zambia, and Angola but for the entire region,” Boulos said during a press briefing. He noted that the U.S. Development Finance Corporation is a… Read More Here
Rome Resources to Resume Drilling at Bisie North as Security Improves in Eastern DRC 9 Mining in DRC Corporate News Drilling New Mining Projects 

Rome Resources to Resume Drilling at Bisie North as Security Improves in Eastern DRC

Constance
On April 24, 2025, Rome Resources announced plans to resume drilling at its Bisie North tin project in eastern Democratic Republic of Congo (DRC), after suspending operations on March 14 due to security concerns. The company aimed to restart drilling within 10 days, targeting high-grade tin deposits at greater depths. This phase was budgeted at $1.6 million, funded from Rome’s $2.7 million in cash reserves. The decision followed the withdrawal of the M23 rebel group from the region and Alphamin Resources’ April 9 announcement of a gradual restart of production… Read More Here
Gold Prices Set to Surge Beyond $4,000 as DRC Output Slumps 10 Mining in DRC Economy Gold 

Gold Prices Set to Surge Beyond $4,000 as DRC Output Slumps

Constance
Gold prices could soar past $4,000 per ounce in 2026, according to a JP Morgan note published on April 22, 2025. The American bank attributed its bullish forecast to growing recession risks in the U.S. and ongoing trade tensions between Washington and Beijing. JP Morgan projected that gold would average $3,675 per ounce by the fourth quarter of 2025 and surpass $4,000 in the second quarter of 2026. The bank also warned that prices could break these thresholds even earlier if demand exceeds expectations. While global prices were set to… Read More Here

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