You are here

Category: Mining in DRC

DRC Gold Exports Reach $1.5 Billion in 2024 Despite Decline in Artisanal Mining 1 Gold Artisanal mining Economy Mining in DRC 

DRC Gold Exports Reach $1.5 Billion in 2024 Despite Decline in Artisanal Mining

Constance
The Democratic Republic of Congo (DRC) exported a total of 27.9 tonnes of gold in 2024, generating approximately $1.5 billion in revenue, according to the annual report from the Technical Unit for Coordination and Mining Planning of the Ministry of Mines. Kibali Gold was the leading contributor, accounting for more than 26 tonnes of gold worth over $1.3 billion. In contrast, MCCR exported only 102.92 kg, generating an estimated $7.6 million in revenue, while Kimia Mining exported 5.72 kg, yielding $496,589. Kibali Gold remains the dominant force in the DRC’s… Read More Here
Five Diamond Diggers Killed in Land Collapse in Tshikapa DRC 2 Mining in DRC Diamond Mining safety 

Five Diamond Diggers Killed in Land Collapse in Tshikapa DRC

Constance
Five diamond diggers tragically lost their lives on Saturday, March 22, following a land collapse in the Kanfuma mining area, located in the diamond-rich territory of Tshikapa, in the Kasai province of the Democratic Republic of Congo (DRC). The incident occurred after heavy rains on the night of Friday, March 21, which weakened the walls of a diamond pit. The collapse resulted in the deaths of the five diggers working at the site. Their bodies were recovered and prepared for burial, according to Kangola Mike, a manager of the Kanfuma… Read More Here
DRC Extends Cobalt Export Ban to Boost Market Control and Local Processing 3 Mining in DRC Battery Metals Cobalt Economy 

DRC Extends Cobalt Export Ban to Boost Market Control and Local Processing

Constance
President Félix-Antoine Tshisekedi has reaffirmed the Democratic Republic of Congo’s (DRC) commitment to maintaining the suspension of cobalt exports, as per the timetable set by the Strategic Mineral Substances Market Regulatory and Control Authority (ARECOMS) since February 22, 2025. The decision was confirmed during the 36th Council of Ministers meeting on March 21. “To safeguard the state’s strategic interests and enhance the sector’s economic attractiveness, the President has directed that the suspension of exports remain in place in accordance with ARECOMS’ decisions,” the government reported. Tshisekedi highlighted the suspension’s success,… Read More Here
Zijin Mining Reports 52% Profit Surge Amid Strong Copper and Gold Prices 4 Mining in DRC Copper Gold 

Zijin Mining Reports 52% Profit Surge Amid Strong Copper and Gold Prices

Constance
Zijin Mining Group, China’s largest metals producer, recorded a 52% increase in net profit in 2023, driven by higher production and rising copper and gold prices. The company reported a net income of 32.1 billion yuan ($4.4 billion), aligning with its forecast of 32 billion yuan, while revenue climbed 3.5% to 303.6 billion yuan. Over the past decade, Zijin has aggressively expanded its global presence, establishing major copper projects in China and the Democratic Republic of Congo. As securing critical mineral supply becomes a growing concern for global powers, Chairman… Read More Here
KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute 5 Mining in DRC Battery Metals Lithium 

KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute

Constance
KoBold Metals, a mining company backed by billionaires Bill Gates and Jeff Bezos, has informed the Democratic Republic of Congo’s government of its interest in developing one of the world’s largest hard rock lithium deposits. This marks the first significant offer from a major U.S. mining company to invest in the central African nation, coinciding with early discussions on a potential minerals and security partnership between the two countries. KoBold, which leverages artificial intelligence to explore materials vital for the energy transition, has proposed taking over a highly sought-after mining… Read More Here
Chemaf Scraps Norin Mining Deal Amid US-China Mineral Tensions 6 Mining in DRC Cobalt Copper 

Chemaf Scraps Norin Mining Deal Amid US-China Mineral Tensions

Constance
Copper and cobalt producer Chemaf Resources Ltd. has abandoned its planned sale to Norin Mining Ltd., marking a potential victory for US efforts to curb China’s influence over global mineral supply chains. The deal collapsed after Democratic Republic of Congo (DRC) authorities failed to approve the transaction, according to a source familiar with the matter. Chemaf, backed by commodity trader Trafigura Group, informed creditors that the sale to Norin—a subsidiary of China’s state-owned Norinco Group—would not proceed. Congo’s state-owned mining company, Gécamines, which holds the permit for Chemaf’s Mutoshi cobalt… Read More Here
CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output 7 Mining in DRC Battery Metals Cobalt Copper 

CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output

Constance
China’s CMOC Group Ltd., the world’s largest cobalt producer, reported record earnings in 2024, driven by increased production, higher sales, and rising copper prices. The company’s net income surged 64% to 13.5 billion yuan ($1.9 billion), surpassing analysts’ estimates of 12.3 billion yuan. Revenue rose 14% to 213 billion yuan, also exceeding forecasts. CMOC attributed its strong performance to capacity expansions and efficiency improvements. “Mining is a cyclical industry, and accurately understanding market cycles is key to successful expansion,” the company stated in its earnings report. “At the bottom of… Read More Here
DRC Partners with Indonesia to Regulate Global Cobalt Supply 8 Mining in DRC Battery Metals Cobalt 

DRC Partners with Indonesia to Regulate Global Cobalt Supply

Constance
The Democratic Republic of Congo (DRC) has announced a partnership with Indonesia to strengthen its control over cobalt supply on the international market. The decision, made by the Economic Situation Committee, was officially presented by Prime Minister Judith Suminwa Tuluka during the 35th Council of Ministers meeting on March 14, 2025. Following a four-month suspension of cobalt exports, the DRC—holder of 75% of the world’s cobalt reserves—is determined to manage its supply effectively. The suspension was initially imposed due to an oversupply in global markets, which led to a decline… Read More Here
Francophone Ambassadors Urge Ceasefire and Dialogue Amid Deteriorating Security in DRC 9 Mining in DRC Regional conflict 

Francophone Ambassadors Urge Ceasefire and Dialogue Amid Deteriorating Security in DRC

Constance
On Thursday, March 20, 2025, International Francophonie Day, members of the group of Francophone ambassadors in the Democratic Republic of Congo (DRC) expressed deep concern over the escalating security crisis in the country’s east. This deterioration is primarily attributed to the offensive launched by the March 23 Movement (M23), with support from the Rwandan Defense Force. In a statement released on this occasion, the ambassadors called for an immediate ceasefire and emphasized the need to address deeper issues, such as the illegal exploitation and export of natural resources, particularly to… Read More Here
Congo's Copper and Cobalt Export Suspension Impacts Prices 10 Copper Cobalt Economy Mining in DRC 

Congo’s Copper and Cobalt Export Suspension Impacts Prices

Constance
The Central Bank of Congo (BCC) reported on March 19, 2025, a 3.3% decline in the price of copper per tonne compared to December 2024. This drop is attributed to concerns over the Congolese government’s suspension of copper exports to the global market. Since February 22, 2025, the price of copper has continued to decrease, by a 0.15% drop compared to the previous week. The BCC noted that copper prices have fallen by 11.97% since the end of December 2024 and have seen a staggering 60% decline over the past… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.