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Category: Mining in DRC

World Bank Commits $1 Billion to Revive DRC’s Inga III Hydropower Megaproject 1 Mining in DRC Hydro power plant 

World Bank Commits $1 Billion to Revive DRC’s Inga III Hydropower Megaproject

Constance
The World Bank has pledged $1 billion to help revive the long-delayed Inga III hydropower project in the Democratic Republic of Congo (DRC), a crucial phase of the Grand Inga complex, which holds the potential to become the world’s largest hydropower facility. As an initial step, $250 million will be disbursed to fund technical studies, reform the state-owned electricity utility, foster economic development, and attract private investment. Once completed, Inga III could generate up to 11,000 megawatts (MW) of electricity—more than triple the DRC’s current power capacity—at an estimated cost… Read More Here
Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million 2 Mining in DRC Corporate News 

Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million

Constance
Tremont Master Holdings (TMH), the majority shareholder of U.S.-based Alphamin Resources Corp., has entered into a definitive agreement to sell 718,990,967 common shares—representing approximately 56% of Alphamin’s outstanding shares—to Abu Dhabi-based International Resource Holdings (IRH). The transaction is valued at C$503.3 million (US$367 million), based on a price of C$0.70 per share, subject to certain closing adjustments. Alphamin announced the agreement in a press release issued on Thursday, June 5, 2025. The full terms of the transaction were initially outlined in a joint press release by TMH and IRH dated… Read More Here
DRC Advances Toward Local Mineral Refining with First Copper and Cobalt Refinery Project 3 Mining in DRC Cobalt Copper 

DRC Advances Toward Local Mineral Refining with First Copper and Cobalt Refinery Project

Constance
The Democratic Republic of Congo (DRC) is preparing to halt the export of raw minerals, marking a significant step toward reducing its reliance on foreign processing and strengthening its industrial base. This development aligns with the government’s broader strategy for national economic growth and resource sovereignty. This initiative was highlighted during a meeting held on Thursday, June 5, 2025, between Minister of Foreign Trade Julien Paluku and Eddy Kioni, Director of Buenassa, a 100% Congolese-owned company spearheading the country’s first copper and cobalt refinery project. Minister Paluku commended the progress… Read More Here
Kibali Gold Dominates DRC Gold Production Despite Regional Instability 4 Mining in DRC Corporate News Gold 

Kibali Gold Dominates DRC Gold Production Despite Regional Instability

Constance
According to statistics from the Technical Unit for Coordination and Mining Planning (CTCPM) under the Ministry of Mines, Kibali Gold, a leading industrial gold mining company based in the Haut-Uele province of the Democratic Republic of Congo (DRC), produced 5,865.62 kilograms of gold between January and March 2025. This output represents 99.5% of the country’s total industrial gold production during that period. Kibali Gold significantly outperformed its competitors. MCCR recorded just 18.65 kg (0.3%), followed by Kimia Mining Investment with 4.88 kg (0.083%) and Sokomo (Ding Cheng) with 4.62 kg… Read More Here
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share 5 Diamond Corporate News Mining in DRC 

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Constance
Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining 9,543.63 carats—just 3%—were produced by Minière de Bakwanga (MIBA), highlighting the growing disparity between the… Read More Here
Boss Mining Calls for Action Amid Ongoing Looting and Armed Violence at Lualaba Site 6 Mining in DRC Corporate social responsibility 

Boss Mining Calls for Action Amid Ongoing Looting and Armed Violence at Lualaba Site

Constance
Boss Mining, a joint venture between Eurasian Resources Group (ERG) and state-owned Gécamines, has issued a strong condemnation of continued looting and violence at its mining operations in Lualaba, Greater Katanga. In a statement released on Thursday, June 5, 2025, the company revealed that since 2024, more than 200 trucks have been leaving its site daily with illicit shipments of copper and cobalt valued at approximately $1.8 million per day. . This unchecked activity, the company stated, has deprived the Congolese government of hundreds of millions of dollars in tax… Read More Here
DRC Mining Minister encourages industry to gather at DRC Mining Week in Lubumbashi from 11 June 7 Mining in DRC Events & Expos 

DRC Mining Minister encourages industry to gather at DRC Mining Week in Lubumbashi from 11 June

Constance
“Organisers can be rightfully proud of building such a legacy over 20 years” The DRC Minister of Mines, H.E. Kizito Pakabomba Kapinga Mulume, says he is looking forward to visiting “the legendary DRC Mining Week,” which is taking place from 11–13 June in Lubumbashi. The organisers of this longstanding expo and conference, which is celebrating its 20th anniversary edition this month, have extended the event until 14 June for the official visit of Mining Minister H.E. Kizito Pakabomba Kapinga Mulume who will address and engage with delegates during a special… Read More Here
DRC Lifts Mandatory Mining Tender Rule to Restore Commercial Freedom 8 Mining in DRC Mining Supply Tenders 

DRC Lifts Mandatory Mining Tender Rule to Restore Commercial Freedom

Constance
The Democratic Republic of Congo’s Minister of Mines, Kizito Pakabomba Karinga Mulume, has officially repealed Ministerial Order No. 00049/CAB.MIN/MINES/01/2022, which had mandated the sale of mineral substances through tenders supervised by the Center for Expertise, Evaluation and Certification (CEEC). The decision, announced on Monday, June 2, 2025, aims to restore the legal right of mining operators to freely market their products, in line with Articles 85 and 108 octies of the Congolese Mining Code. The 2022 order required holders of mining rights to sell their products through competitive bidding processes… Read More Here
Rome Resources Advances Maiden Mineral Resource Estimate at Bisie North in DRC 9 Mining in DRC New Mining Projects 

Rome Resources Advances Maiden Mineral Resource Estimate at Bisie North in DRC

Constance
Aim-listed Rome Resources has commissioned consulting firm MSA Group to complete a maiden mineral resource estimate (MRE) for its Bisie North Project in North Kivu, eastern Democratic Republic of Congo (DRC). The estimate will cover both the Kalayi and Mont Agoma prospects and will adhere to Canadian Institute of Mining (CIM) guidelines. MSA’s work includes generating 3D block models, incorporating grades, estimating tonnage, and assessing the potential for eventual economic extraction. The results will be documented in a National Instrument (NI) 43-101 technical report, compliant with LSE Aim reporting standards.… Read More Here
DRC Gold Trading SA Moves 280kg of Gold Injects 27M into Maniema 10 Mining in DRC Gold 

DRC Gold Trading SA Moves 280kg of Gold Injects 27M into Maniema

Constance
In a major boost for the Democratic Republic of Congo’s artisanal gold sector, state-owned enterprise DRC Gold Trading SA announced on March 25, 2025, that it had successfully funneled over 280 kilograms of artisanal gold through its Kindu branch in Maniema province—just two months after the branch’s inauguration. The operation has brought more than US$27 million into the provincial economy, a result credited to the company’s strategic partnership with Rawbank. This collaboration supports DRC Gold Trading SA’s mission to formalize the artisanal gold sector and bring its production into the… Read More Here

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