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Category: Mining in DRC

DRC Mines Minister Calls for Responsible and Sovereign Transformation of the Sector at DRC Mining Week 1 Mining in DRC Events & Expos 

DRC Mines Minister Calls for Responsible and Sovereign Transformation of the Sector at DRC Mining Week

Constance
Kizito Pakabomba, the Minister of Mines of the Democratic Republic of Congo (DRC), has called for a responsible and sovereign transformation of the country’s mining sector. His remarks came during the official opening of the 20th edition of DRC Mining Week, held on Thursday, June 12, 2025, in Lubumbashi, Haut-Katanga. This year’s edition of the annual forum, a flagship event for both national and international stakeholders in the extractive industry, was themed: “Twenty Years Shaping the DRC’s Mining Sector: Investing in Infrastructure and Energy Security.” In his keynote speech, delivered… Read More Here
Barrick Mining Sets Sights on DRC Copper as Exploration Begins in Haut Katanga 2 Mining in DRC Copper Exploration New Mining Projects 

Barrick Mining Sets Sights on DRC Copper as Exploration Begins in Haut Katanga

Constance
Barrick Mining, best known for its gold operations through its Kibali subsidiary in Doko, has begun copper exploration efforts in Haut-Katanga, Democratic Republic of Congo (DRC), signaling a potential expansion into the country’s critical copper sector. For the past two years, Barrick has held exploration permits in the mineral-rich Haut-Katanga province, allowing it to carry out copper prospecting activities. These developments were confirmed by Cyril Mutombo, Barrick’s Country Director, during a press conference held on Thursday, June 12, 2025, at the Karavia Hotel in Lubumbashi, on the sidelines of DRC… Read More Here
EquityBCDC Reaffirms Commitment to DRC Mining Sector with Strong Financial Backing and Offtake Facilitation 3 Mining in DRC Economy Events & Expos 

EquityBCDC Reaffirms Commitment to DRC Mining Sector with Strong Financial Backing and Offtake Facilitation

Constance
EquityBCDC reaffirmed its commitment to the Democratic Republic of Congo’s mining sector by offering strong financial backing and the ability to facilitate transactions between miners and their international offtakers. This was emphasized by Yves Bizunga Kussa, Deputy Managing Director of EquityBCDC and Managing Director of the Southern Region, during a panel discussion at the 20th edition of DRC Mining Week, which concluded on Friday, June 13, 2025, at the Karavia Hotel in Lubumbashi. As one of the major sponsors of the event, EquityBCDC was represented by a large delegation, continuing… Read More Here
DRC Mining Week Marks 20 Years of Mining Growth and National Progress 4 Mining in DRC Events & Expos 

DRC Mining Week Marks 20 Years of Mining Growth and National Progress

Constance
Lubumbashi, DRC – DRC Mining Week, a flagship gathering for business and investment opportunities in the mining sector, celebrated its 20th anniversary last Wednesday in Lubumbashi, the capital of Haut-Katanga Province in southeastern Democratic Republic of Congo. The opening ceremony, held at the Pullman Karavia Hotel, was brief but symbolic. In his keynote speech, Bin Nassor Kasongo, President of the DRC Chamber of Mines, highlighted the evolution of the event over two decades, describing it as more than just a trade fair. “Beyond a simple sectoral meeting, this event became… Read More Here
DRC's Mining Sector Reaffirmed as Backbone of DRC Economy at DRC Mining Week 5 Mining in DRC Economy Events & Expos 

DRC’s Mining Sector Reaffirmed as Backbone of DRC Economy at DRC Mining Week

Constance
As the 20th anniversary edition of DRC Mining Week opened in Lubumbashi, Haut-Katanga, Bin Nassor Kasongo, President of the Chamber of Mines of the Democratic Republic of Congo, underscored the pivotal role of mining in the country’s economic development. “From 2007 to 2022, our mining industry contributed nearly $30 billion to the public treasury, making the mining sector the backbone of the Congolese economy,” Kasongo stated during his keynote speech at the Pullman Karavia Hotel. He credited this achievement to the early vision of industry pioneers and reaffirmed the Chamber’s… Read More Here
Glencore Declares Force Majeure on Cobalt Shipments Following DRC Export Ban 6 Mining in DRC Battery Metals Cobalt Corporate News 

Glencore Declares Force Majeure on Cobalt Shipments Following DRC Export Ban

Constance
Glencore has declared force majeure on certain cobalt deliveries from the Democratic Republic of Congo (DRC), just days after the Congolese government imposed a temporary export ban on the key battery metal, according to three sources familiar with the matter who spoke to Reuters. The DRC, which produces the majority of the world’s cobalt, enacted a four-month export ban in February in a bid to ease a supply glut that had depressed prices to their lowest levels in nine years and reduced government revenue. As a result, Glencore, listed on… Read More Here
Ivanhoe Mines Cuts 2025 Copper Guidance After Seismic Flooding Disrupts Kamoa-Kakula Operations 7 Mining in DRC Copper Corporate News 

Ivanhoe Mines Cuts 2025 Copper Guidance After Seismic Flooding Disrupts Kamoa-Kakula Operations

Constance
Ivanhoe Mines has lowered its 2025 copper production forecast for the Kamoa-Kakula complex in the Democratic Republic of Congo (DRC), following a temporary suspension of underground operations at the Kakula mine due to severe flooding caused by seismic activity. The incident, which occurred on May 18, forced a full shutdown of the Kakula underground mine and triggered an extensive geotechnical review. In response, Ivanhoe has implemented a revised short-term mine plan. Underground mining resumed on the western side of the Kakula mine over the past weekend, with operations on the… Read More Here
Red Rock Resources Nears Landmark Supreme Court Ruling in $20M DRC Asset Dispute 8 Mining in DRC 

Red Rock Resources Nears Landmark Supreme Court Ruling in $20M DRC Asset Dispute

Constance
Natural resource exploration and development firm Red Rock Resources announced that it is approaching a key breakthrough in its ongoing legal battle in the Democratic Republic of Congo (DRC), with a ruling from the country’s Cour de Cassation (Supreme Court) expected imminently. The anticipated judgment is central to resolving Red Rock’s dispute over a contested $20 million sale of copper and cobalt assets near Kolwezi—an agreement the company alleges was executed without its knowledge or consent. This Supreme Court decision is expected to have a significant impact on a parallel… Read More Here
DRC Suspended Mining Rights Applications to Reform Cadastral System 9 Mining in DRC 

DRC Suspended Mining Rights Applications to Reform Cadastral System

Constance
The Democratic Republic of Congo’s Mining Registry (CAMI) temporarily suspended the processing of new applications for mining rights and exploration quarries. Effective May 31, 2025, the CAMI office closed its counter to all new submissions until further notice, marking a significant pause in the issuance of mining titles. This decision was made in accordance with directives from the Minister of Mines, outlined in an official letter dated May 28, 2025. The primary aim of the suspension was to allow CAMI to conduct a comprehensive cleanup of the national cadastral database.… Read More Here
AFC Secures $320 Million Deal with Italy to Boost Angola's Lobito Corridor 10 Transport and Logistics Angola Economy Mining in DRC Mining in Zambia 

AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor

Constance
Africa Finance Corporation (AFC), a Lagos-based continental financier, will soon sign a $320 million financing agreement with Italy, part of which will support the development of a new transport corridor linking critical mineral fields in central Africa to Angola’s Lobito port, according to AFC CEO Samaila Zubairu. AFC, owned by African central banks and development lenders, is the financing partner for the U.S.-backed Lobito Corridor project. The corridor aims to connect the Atlantic port of Lobito in Angola with mineral-rich regions in Zambia and the Democratic Republic of the Congo,… Read More Here

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