Mining in DRC - Copperbelt Katanga Mining

MIBA’s Diamond Ambitions Stall Amid Delays and Unreleased Funds

April 19, 2025April 19, 2025 Constance

As of April 16, 2025, Société Minière de Bakwanga (MIBA), the DRC’s state-owned diamond company, has yet to resume operations. The company has not appeared in production reports since mid-2024, casting doubt on the ambitious targets set by Chairman Jean-Charles Okoto. In November 2024, Okoto declared plans to reach one million carats per month in 2025, aiming for an annual output of 12 million carats. This would mark a dramatic leap, given that the DRC produced 8.34 million carats in 2023—already a decline from 10.78 million in 2022. Appointed in… Read More Here

Mining in DRC Corporate News Oil & Gas

DRC Grants Oil Rights to Sonahydroc in Shift Toward State-Led Energy Strategy

April 19, 2025April 19, 2025 Constance

At its April 11 Council of Ministers meeting, the Democratic Republic of Congo (DRC) approved a draft decree granting petroleum rights directly to the state-owned Société Nationale des Hydrocarbures du Congo (Sonahydroc). This decree establishes the legal and fiscal framework for the transfer, aligning with the country’s oil and gas law enacted on August 1, 2015. The move signals a renewed push by the DRC to revitalize oil exploration and increase domestic production, aiming to better capitalize on its untapped hydrocarbon potential. The plan includes the immediate allocation of blocks… Read More Here

Mining in DRC Mining Supply Tenders

Zijin-Backed Katamba Mining Launches Tender for Crushing Plant Subcontractor

April 19, 2025April 19, 2025 Constance

On April 14, 2025, Katamba Mining—70% owned by China’s Zijin Mining—launched a tender to recruit a subcontractor to build and operate a crushing plant. The facility will produce gravel and sand for the Mpiana-Mwanga III hydroelectric project, located more than 90 km northeast of Manono in Tanganyika Province. Bids must be submitted by April 22. The selected contractor will be responsible for setting up temporary infrastructure, constructing the production system, mobilizing equipment and personnel, organizing site logistics, transporting materials, managing waste disposal, preparing technical reports, and performing maintenance. This development… Read More Here

Mining in DRC

DRC Mines Minister Advocates for Local Processing and Private Investment in Southern Corridors

April 19, 2025April 19, 2025 Constance

Minister of Mines Kizito Pakabomba participated in the 9th edition of Expo Béton, held from April 16 to 19, 2025, at the new Haut-Katanga Provincial Assembly building. This year’s theme—“The Southern Corridors of the DRC-SADC: Projects to Be Developed and Business Opportunities”—emphasized the importance of regional logistics networks in boosting economic growth. The event was officially opened by the President of the Republic, H.E. Félix-Antoine Tshisekedi Tshilombo, who underlined the strategic role of transport infrastructure in shaping the country’s economic future. Speaking on a high-level panel, Minister Pakabomba compared the… Read More Here

Mining in DRC Corporate News

Metalkol SA, a Eurasian Resources Group company, strengthens commitment to local communities

April 19, 2025April 19, 2025 Constance

As part of its social obligations and in line with the revised Mining Code of the Democratic Republic of Congo (DRC), La Compagnie de Traitement des Rejets de Kingamyambo S.A (Metalkol SA), a Eurasian Resources Group (ERG) company, has signed its second Cahier des Charges to support the sustainable development of local communities in Lualaba Province, DRC. This renewed commitment reinforces Metalkol SA’s ongoing efforts to foster local development and will benefit nine communities across the villages of Samukonga, Kamimbi, Kipepa, Kashala, Samukinda, and UCK. The signing ceremony took place… Read More Here

Mining in DRC Governance

DRC Prime Minister Calls for Patriotic Action Plan to Reform Mining Governance Amid Conflict

April 17, 2025April 17, 2025 Constance

At the launch of the national dialogue on mining governance—held under the theme “in a context of conflict in the DRC and the Great Lakes”—Congolese Prime Minister Judith Suminwa praised the initiative led by the Crisis Committee for Peace and Security, a civil society organization. Speaking in Kinshasa on Tuesday, April 15, she urged participants to deliver “a concrete, rigorous, ambitious, and patriotic action plan.” “Mining governance cannot remain the domain of technocrats and cabinet experts,” said Suminwa. “It must return to being a subject of public debate, a lived… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

EU Highlights Lobito Corridor’s Role in Boosting Trade and Youth Opportunities in Southern Africa

April 14, 2025April 14, 2025 Constance

The Lobito Corridor can strengthen trade and investment opportunities for Angola, Zambia, and the Democratic Republic of Congo, said the European Union (EU) Ambassador to Angola, Rosário Bento Pais, on Thursday in Luanda. Speaking at the launch of four EU-funded youth entrepreneurship projects in Luanda, the ambassador emphasized that the corridor has the potential to drive economic diversification and create job opportunities for young people across Angola, Zambia, and the DRC. She noted that the European Union is guided by its Global Gateway strategy—an initiative aimed at mobilizing critical and… Read More Here

Copper Gold Mining in DRC

Copper and Gold Prices Climb Amid South Kivu Supply Disruptions

April 13, 2025April 13, 2025 Constance

Copper and gold prices continued their upward trend last week, driven in part by supply disruptions in the Democratic Republic of Congo (DRC). According to the Ministry of Foreign Trade’s price bulletin for the period of April 7 to 12, 2025, copper is trading at $9,916.25 per tonne, while gold has risen to $98.04 per gram on the global market. Copper prices rose slightly from $9,791.15 per tonne the previous week, maintaining the upward momentum observed since the end of March. Gold prices also increased, climbing from $96.86 per gram… Read More Here

Mining in DRC Exploration New Mining Projects

DRC Establishes Geological Research Zones to Boost Transparency and Revive Exploration

April 12, 2025April 12, 2025 Constance

The Democratic Republic of Congo (DRC) has adopted a long-awaited decree to establish and regulate Geological Research Zones (ZRG), marking a major step in reforming its mining sector. The decision was made during the 38th ordinary session of the Council of Ministers on Friday, April 4, 2025, where Minister of Mines Kizito Pakabomba presented the draft decree. The reform addresses years of regulatory ambiguity that hindered geological prospecting efforts across the country. “The Mining Code provides no clear framework for creating these zones,” the minister noted, emphasizing the negative impact… Read More Here

Mining in DRC Partnership Transport and Logistics

Tanzania and DRC to Develop Joint Dry Ports to Boost Regional Trade

April 12, 2025April 12, 2025 Constance

Tanzania and the Democratic Republic of Congo (DRC) have agreed to allocate land for the development of dry ports in both countries, aiming to improve regional trade and logistics. The agreement was reached during bilateral meetings held in Lubumbashi from April 3 to 5, 2025. Under the deal, each country will provide 60 hectares of land—Tanzania in Kwala and Katosho, and the DRC in Kasumbalesa and Kasenga. This land exchange marks a major milestone in the implementation of the Transport Infrastructure Development Program, launched in 2022 under the Central Corridor… Read More Here