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Category: Mining in DRC

Kamoa-Kakula Management are Advancing Works to Reopen the Western Side of Kakula Mine 1 Mining in DRC Copper 

Kamoa-Kakula Management are Advancing Works to Reopen the Western Side of Kakula Mine

Constance
Ivanhoe Mines to provide next week plans for reopening the western side and restart of the eastern side of Kakula Mine Ivanhoe Mines announced yesterday that following the temporary suspension of underground operations at the Kakula Mine announced on May 20, 2025, senior management continues to work alongside world-leading engineering experts to safely and conservatively restart mining operations. Kamoa Copper’s engineering teams are currently updating the short-, medium-, and long-term plans to resume operations on both the western and eastern sides of the Kakula Mine. Subject to dewatering progress, underground… Read More Here
DRC to Audit State Interests in Mining Sector Amid Transparency Concerns 2 Mining in DRC Economy 

DRC to Audit State Interests in Mining Sector Amid Transparency Concerns

Constance
In response to mounting pressure on public finances, the government of the Democratic Republic of Congo (DRC) is set to audit the state’s shareholdings in mining companies. During the Council of Ministers meeting held on May 30, 2025, President Félix Tshisekedi called for the swift establishment of an ad hoc commission to undertake this task, according to the official report from the session. The commission, to be coordinated by the Ministries of Finance, Mines, and State Portfolio, will be responsible for conducting a comprehensive audit of mining assets under state… Read More Here
North Western Corridor Set to Transform Copper Exports from DRC to Namibia 3 Mining in DRC Copper Mining in Zambia 

North Western Corridor Set to Transform Copper Exports from DRC to Namibia

Constance
The Walvis Bay Corridor Group (WBCG) is advancing plans to establish a transformative trade route connecting Kolwezi in the Democratic Republic of Congo (DRC) to Walvis Bay in Namibia. Dubbed the “North-Western Corridor,” this strategic initiative aims to offer a faster, shorter, and more efficient logistics alternative to the region’s current, overburdened routes. At present, mineral exports from the DRC and Zambia travel through the congested Copperbelt and the heavily used Kasumbalesa border post, causing frequent delays and increased transportation costs. The new corridor is designed to bypass these bottlenecks,… Read More Here
Uncertainty Deepens at Kamoa-Kakula After Seismic Flooding Disrupts Key Copper Mine 4 Mining in DRC Copper Corporate News 

Uncertainty Deepens at Kamoa-Kakula After Seismic Flooding Disrupts Key Copper Mine

Constance
More than a week after seismic activity triggered severe flooding underground, the status of one of the world’s most significant copper mines—Kamoa-Kakula in the Democratic Republic of Congo (DRC)—remains unclear, casting uncertainty over global copper supply. The mine, operated by Canada’s Ivanhoe Mines and co-owned by China’s Zijin Mining and CITIC Metal, had been on track to become the world’s third-largest copper producer this year. However, recent flooding and infrastructure damage have jeopardized those plans. Conflicting reports from Ivanhoe and its Chinese partners have only added to the confusion. Ivanhoe… Read More Here
DRC United States Mining Deal to Finance 58 Billion USD Infrastructure Plan 5 Mining in DRC Economy Infrastructural Development 

DRC United States Mining Deal to Finance 58 Billion USD Infrastructure Plan

Constance
The Democratic Republic of Congo (DRC) has unveiled a $58 billion master plan aimed at rebuilding and modernizing its critical infrastructure, as part of a broader $500 billion mega-partnership announced with the United States. The plan was presented on Tuesday, May 27, 2025, by Minister of Foreign Trade Julien Paluku during a high-level discussion on national investment priorities. “I am proposing a structured master plan worth $58 billion, focusing on priority projects such as national, provincial, and agricultural roads,” said Paluku. The Minister emphasized that targeted investments in key sectors… Read More Here
DRC Urged to Shift Focus from Mining to Agriculture for Inclusive Growth 6 Mining in DRC Economy 

DRC Urged to Shift Focus from Mining to Agriculture for Inclusive Growth

Constance
KINSHASA – During a special briefing held on Tuesday, May 27, 2025, in Kinshasa, the Democratic Republic of Congo’s Minister of Foreign Trade, Julien Paluku Kahongya, called for a strategic shift from the mining sector to agriculture, arguing that mining has failed to translate into improved household incomes. Paluku emphasized that despite the country’s vast mineral exports, particularly cobalt and copper, the economic benefits have not reached ordinary citizens. “For some time now, our foreign trade has been underperforming. We realize that the DRC has not truly benefited from the… Read More Here
Underground Mining Activities at Kakula Mine Suspended 7 Mining in DRC Corporate News Press Release 

Underground Mining Activities at Kakula Mine Suspended

Constance
Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – May 26, 2025) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete today provide an operational update on the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo, following the temporary suspension of operations at the Kakula underground mine, as first announced by the company on May 20, 2025. Senior management and a world-class team of geotechnical experts continue to conduct a thorough investigation of the mine to understand the cause… Read More Here
Minerals Mining in DRC 

DRC Aims to Finalize Major U.S. Minerals Deal by End of June

Constance
The Democratic Republic of Congo (DRC) is working to finalize a major minerals agreement with the United States by the end of June, aiming to boost investment in its mining sector and gain diplomatic support in ending a Rwanda-backed rebellion in the country’s troubled eastern region. The agreement is seen as part of Washington’s broader effort to reassert its presence in Congo’s mining industry, which has been heavily dominated by Chinese interests over the past two decades. The DRC is home to some of the world’s largest reserves of cobalt,… Read More Here
Landmark Agreement Signals New Era for Vocational Training in the DRC 8 Mining in DRC Environment Social Governance (ESG) 

Landmark Agreement Signals New Era for Vocational Training in the DRC

admin
On May 15, 2025, the Club du Bâtiment et des Travaux Publics et de la Chambre des Métiers et de l’Artisanat (Club BTP & CMA) and the Regulatory Authority for Subcontracting in the Private Sector (ARSP) signed a landmark agreement in Kinshasa, in collaboration with the Minister of Professional Training. This agreement marks a decisive step toward building a stronger Congolese middle class by formalizing the training, certification, and employment of local artisans and skilled workers. The partnership reflects the national agenda of President Félix Tshisekedi’s administration to empower local… Read More Here
DRC Central Bank Imposes Hefty Fines to Enforce Export Revenue Repatriation 9 Mining in DRC Economy 

DRC Central Bank Imposes Hefty Fines to Enforce Export Revenue Repatriation

Constance
The Central Bank of Congo (BCC) has significantly tightened its regulations on mining and oil companies, dramatically increasing fines for non-compliance with foreign exchange rules. According to a memo from AKILI Consulting—which advises major operators like Kamoa Copper and Kibali Gold—penalties for failing to declare foreign bank account details have surged over 1,000%, jumping from CDF 5,000,000 to CDF 58,680,000 (about $1,786 to $20,957). In addition to these hikes, the BCC has introduced stricter sanctions. A false declaration of accounts now carries a fine of CDF 234,720,000, while transfers made… Read More Here

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