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Category: Mining in DRC

Afrewatch Urges Oversight as $1B Sicomines Projects Face Scrutiny 1 Mining in DRC 

Afrewatch Urges Oversight as $1B Sicomines Projects Face Scrutiny

Constance
The first phase of infrastructure development under the Sicomines agreement—an investment partnership between the Democratic Republic of Congo (DRC) and a Chinese business consortium—mobilized a total of USD 1.053 billion, of which USD 822.1 million was allocated to completed projects, according to a new report by the NGO Afrewatch. Drawing on data from the Congolese Agency for Major Works (ACGT), the report reveals that 42 projects were launched in this initial phase. Of these, 36 have been completed, while six remain ongoing. However, only 20 projects have been definitively approved.… Read More Here
CMOC, Glencore, and ERG Dominate as DRC Supplies 70% of Global Cobalt in 2024 2 Mining in DRC Battery Metals Cobalt 

CMOC, Glencore, and ERG Dominate as DRC Supplies 70% of Global Cobalt in 2024

Constance
According to the latest report from the Cobalt Institute, the Democratic Republic of Congo (DRC) reinforced its position as the cornerstone of the global cobalt supply chain in 2024, accounting for over 70% of global mined output. Remarkably, 85% of the country’s cobalt exports were handled by just three companies: CMOC, Glencore, and Eurasian Resources Group (ERG). Production soared to new records, largely driven by CMOC’s output from its Tenke Fungurume (TFM) and Kisanfu (KFM) operations, which together yielded 114,000 tonnes—31% above previously projected capacity. However, this production boom contributed… Read More Here
Artisanal Cobalt Mining in the DRC Shrinks to Record Low Amid Industrial Surge and Price Pressures 3 Mining in DRC Artisanal mining Battery Metals Cobalt 

Artisanal Cobalt Mining in the DRC Shrinks to Record Low Amid Industrial Surge and Price Pressures

Constance
In the Democratic Republic of Congo (DRC), artisanal cobalt mining—a sector that has historically contributed between 10% and 30% of national output—is facing a sharp decline. According to the Cobalt Institute’s annual report released on May 14, 2025, artisanal mining accounted for just 2% of the country’s cobalt production in 2024. This marks a historically low level of contribution from small-scale miners, sharply contrasting with previous years. “In 2018, when cobalt prices peaked above USD 40 per pound, artisanal miners represented around 10% of the DRC’s output,” the report states.… Read More Here
Kamoa Copper Champions Local Value Creation and Lobito Corridor at Katanga Business Meeting 4 Mining in DRC Events & Expos 

Kamoa Copper Champions Local Value Creation and Lobito Corridor at Katanga Business Meeting

Constance
Kamoa Copper SA, a leading mining operator in the Democratic Republic of Congo (DRC), participated as a Platinum Sponsor at the 6th edition of the Katanga Business Meeting (KBM), held from May 15 to 16 at the Lualaba Provincial Assembly headquarters in Kolwezi. Held under the theme “Building Our Future: Focus on Priority Objectives,” the event brought together economic stakeholders from across the DRC. Kamoa Copper stood out both as an exhibitor and panelist, reflecting its growing influence in the country’s mining and economic sectors. On the first day of… Read More Here
DRC Reaffirms Global Cobalt Leadership and Push for Traceability at Cobalt Institute Conference 5 Uncategorized Battery Metals Cobalt Mining in DRC 

DRC Reaffirms Global Cobalt Leadership and Push for Traceability at Cobalt Institute Conference

Constance
At the opening of the Cobalt Institute’s 8th Annual Conference in Singapore, Democratic Republic of Congo (DRC) Minister of Mines, Kizito Pakabomba, emphasized the country’s pivotal role in the global energy transition. He noted that over 70% of the world’s cobalt originates from the DRC, underscoring its strategic importance in meeting the energy challenges of the 21st century. Addressing a gathering of industry experts, mining operators, and investors, Minister Pakabomba reaffirmed the DRC government’s commitment to promoting traceability of critical minerals. This, he said, is part of a broader effort… Read More Here
China’s Cobalt Supplies Remain Resilient Despite DRC Export Ban 6 Cobalt Battery Metals Mining in DRC 

China’s Cobalt Supplies Remain Resilient Despite DRC Export Ban

Constance
Chinese cobalt smelters continue to maintain stable supplies of the critical battery metal, despite the four-month export ban imposed by the Democratic Republic of Congo (DRC)—the world’s top cobalt producer—earlier this year, according to delegates at the Cobalt Congress 2025 held in Singapore. Shirley Wang, General Manager at Shanghai Metals Market, told the conference that Chinese downstream users have stockpiles of intermediate cobalt products ranging from two weeks to six months. “Large-scale users in China have up to six months of inventory. However, smaller companies with only half a month’s… Read More Here
Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation 7 Mining in DRC Oil & Gas Partnership 

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Constance
Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint hydrocarbon exploration, power grid integration, and regional transport development. Key projects such as the co-development of Block 14/23 in the Maritime Zone of Common Interest, electricity interconnection initiatives, and the Lobito Corridor railway are expected to advance cross-border trade and energy security, underscoring the value of regional collaboration. In April, Angola’s government approved a landmark agreement defining revenue sharing and compliance terms for Block 14/23, a key offshore oil concession jointly developed with the DRC.… Read More Here
Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands 8 Mining in DRC Copper Corporate News New Mining Projects 

Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands

Constance
Ivanhoe Mines has announced an updated and independently verified Mineral Resource estimate for the Makoko District within its Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). The Western Forelands Exploration Project spans 2,393 square kilometres adjacent to the Kamoa-Kakula Copper Complex—an area roughly six times larger than the Kamoa-Kakula footprint. Ivanhoe holds ownership stakes ranging from 54% to 100% in this project. Since the initial Mineral Resource estimate for Makoko and Kiala in November 2023, over 86,000 metres of diamond drilling have been completed, bringing the… Read More Here
DRC Plans Tighter Controls on Cobalt Exports After Temporary Ban 9 Mining in DRC Cobalt 

DRC Plans Tighter Controls on Cobalt Exports After Temporary Ban

Constance
The Democratic Republic of Congo (DRC) is considering imposing strict limitations on cobalt exports once its current four-month ban expires, a top government official announced on Wednesday. Patrick Luabeya, president of the Authority for the Regulation and Control of Strategic Mineral Substances’ Markets, said during a conference in Singapore that the government is preparing further restrictions due to persistent oversupply in both domestic and international markets. “The stockpiles that have suppressed prices have not yet been exhausted, although they have been significantly reduced,” Luabeya stated. He added that the agency’s… Read More Here
Alphamin Scales Back Tin Output Amid Security Threats in Eastern DRC 10 Mining in DRC Corporate News Tin 

Alphamin Scales Back Tin Output Amid Security Threats in Eastern DRC

Constance
JSE-listed Alphamin Resources has reported an 18% quarter-on-quarter decline in high-grade tin concentrate production from its Bisie mine in the Democratic Republic of Congo (DRC) for the first quarter of 2024, following a temporary shutdown due to escalating regional security concerns. The company produced 4,270 tonnes of contained tin during the quarter ended March 31, down from 5,237 tonnes in Q4 2023. Operations were suspended on March 13 as insurgent groups advanced westward, reaching within 110 km of the mine. Notably, on March 20, insurgents occupied Walikale, a key town… Read More Here

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