Mining in DRC - Copperbelt Katanga Mining

DRC–Rwanda Peace Agreement Celebrated During Osaka Economic Briefing

July 7, 2025July 7, 2025 Constance

DRC Hails Historic Peace Accord with Rwanda During Economic Forum in Japan On the sidelines of the DRC–Japan Economic Forum in Osaka, a special briefing was held by Patrick Muyaya, the Democratic Republic of Congo’s Minister of Communication and Media. He was joined by Minister of Foreign Trade Julien Paluku and the DRC Ambassador to Japan, Professor Lukumwena Nsenda. The briefing came just one day after the signing of a historic peace agreement between the Democratic Republic of Congo and Rwanda, witnessed in Washington, D.C., by former U.S. President Donald… Read More Here

Mining in DRC Infrastructural Development

DRC Launches $257 Million Railway Modernization Project to Boost Regional Connectivity

July 7, 2025July 7, 2025 Constance

DRC Signs $257M Railway Deal to Modernize Kisangani–Ubundu Line and Boost Regional Trade The Democratic Republic of Congo (DRC) has taken a significant step toward revitalizing its national railway network with the signing of a $257 million concession contract on Friday, July 4, 2025. The agreement focuses on the rehabilitation and modernization of the 115-kilometer Kisangani–Ubundu railway line in the country’s northeast. The official signing ceremony was presided over by the Deputy Prime Minister and Minister of Transport, Communication Channels, and Accessibility. The event marked the formal launch of the… Read More Here

Mining in DRC Corporate News Infrastructural Development

TFM Finalizes Major Railway Diversion to Boost Mining Operations in Fungurume

July 7, 2025July 7, 2025 Constance

On June 25, 2025, Tenke Fungurume Mining (TFM) officially completed the technical handover of a key infrastructure project: the nearly 4-kilometer diversion of the RR2 railway section within its mining concession. This rerouting, fully funded by TFM, enables access to new strategic mineral deposits critical to the company’s expansion. Initiated in 2021, the project was driven by the need to realign the existing railway operated by the Société Nationale des Chemins de fer du Congo (SNCC), which intersected with a significant portion of the newly identified deposit. With the approval… Read More Here

Mining in DRC Economy

IMF Approves $261.9 Million Disbursement to DRC Following First Review of Credit Program

July 7, 2025July 7, 2025 Constance

IMF Disburses $261.9M to DRC After ECF Review, Backing Economic Stability and Reform On July 2, 2025, the Executive Board of the International Monetary Fund (IMF) approved the first review of the Extended Credit Facility (ECF) program for the Democratic Republic of Congo (DRC), resulting in an immediate disbursement of $261.9 million. This funding aims to support macroeconomic stability and expand the government’s fiscal space for public investment. Despite ongoing security challenges in the eastern provinces, the Congolese economy has demonstrated resilience: GDP growth is holding strong at 6.5% Inflation… Read More Here

Mining in DRC Governance Regional conflict

DRC-Rwanda Peace Agreement Marks Security Milestone with Key Economic Implications

July 7, 2025July 7, 2025 Constance

DRC-Rwanda Peace Deal Unlocks Economic Opportunities Through Security Stabilization Although not a traditional economic or trade accord, the peace agreement signed on June 27, 2025, in Washington between the Democratic Republic of Congo (DRC) and Rwanda carries significant economic potential, rooted in its political and security objectives. This was highlighted during a government briefing held on Thursday, July 3, 2025, in Kinshasa. “This agreement is not an economic treaty with the United States, nor a bilateral trade deal with Rwanda,” stated Thérèse Kayikwamba, Minister of State for Foreign Affairs, during… Read More Here

Mining in DRC Gold

DRC Gold Trading SA Injects $27M into Maniema by Formalizing Artisanal Gold Trade

July 7, 2025July 7, 2025 Constance

$27M Boost from DRC Gold Trading SA in Two Months Between March 25 and May 25, 2025, DRC Gold Trading SA achieved a significant milestone in the Maniema province of the Democratic Republic of Congo by channeling over 280 kilograms of artisanal gold through official and traceable circuits. This initiative resulted in the injection of more than $27 million into the local economy of Kindu, primarily through banked payments to local gold traders. This operation marks a turning point for Maniema’s economy, which has long been dominated by informal and… Read More Here

Mining in DRC

Mining Firms Face Suspension Over Unpaid Community Contributions in DRC

July 6, 2025July 6, 2025 Constance

DRC Mining Firms Face Suspension Over $2.77M in Unpaid Community Contributions Three mining companies, including the Anhui-Congo Mining Investment Company (SACIM), are facing possible suspension following a scathing report from the Court of Auditors, which revealed their failure to comply with mandatory community development payments. According to the June audit, SACIM and two other firms—OM Metal Resources and the Lubumbashi Tailings Processing Company—have neglected to pay the legally required 0.3% of their turnover, funds designated to support development projects in the communities where they operate. SACIM, already grappling with financial… Read More Here

Mining in DRC Gold

Kibali Gold Mine Set for Long-Term Expansion as Barrick Confirms Major New Orebodies

July 4, 2025July 4, 2025 Constance

Barrick Gold (NYSE: GOLD) announced that recent drilling along the ARK-KCD corridor at its flagship Kibali mine in the Democratic Republic of Congo (DRC) has revealed significant new orebodies. These discoveries could extend the life of the Tier 1 asset well beyond its current 10-year production plan. Since commencing production in 2013, Kibali has successfully replaced every ounce of gold it has mined. Barrick noted that its total in-country investment has now exceeded $6.3 billion. Speaking to reporters, CEO Mark Bristow highlighted that a newly installed 16-megawatt solar-plus-battery plant has… Read More Here

Mining in DRC Cobalt

IXM Declares Force Majeure on Cobalt Contracts Amid Extended DRC Export Ban

July 3, 2025July 3, 2025 Constance

IXM, the metals trading arm of China’s CMOC Group, has declared force majeure on its cobalt supply contracts due to an ongoing export ban imposed by the Democratic Republic of Congo (DRC), the company announced on Monday. Earlier this month, the DRC government extended the export ban for an additional three months, citing efforts to address global cobalt oversupply and stabilize falling prices. The DRC, which produces over 80% of the world’s cobalt, first implemented the ban on February 22. The restriction is enforced by the country’s Authority for the… Read More Here

Mining in DRC Regional conflict

Unchecked Mineral Smuggling Fuels Conflict and Corruption in Eastern Congo

July 3, 2025July 3, 2025 Constance

Mineral smuggling from eastern Democratic Republic of Congo (DRC) into neighboring Rwanda has reached unprecedented levels, driven by the occupation of vast areas by the Rwanda-backed M23 rebel group, according to a forthcoming United Nations report. The illicit trade in tin, tantalum, and tungsten—vital minerals used in electronics—has severely undermined legal exports from the region. Once these minerals are trafficked into Rwanda, they are mixed with domestic production, effectively laundering them into global supply chains under the guise of legitimate Rwandan origin. This process compromises international efforts to trace mineral… Read More Here