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Category: Mining in DRC

DRC President Proposes Mineral Deal for Peace with US and Europe 1 Mining in DRC Regional conflict 

DRC President Proposes Mineral Deal for Peace with US and Europe

Constance
In a bold diplomatic move, President Felix Tshisekedi of the Democratic Republic of Congo (DRC) has reportedly proposed granting the United States and Europe access to the country’s vast mineral resources, contingent upon their intervention to end the ongoing conflict devastating the nation. On Sunday, Presidential Spokesperson Tina Salama urged the US to “directly purchase critical minerals” from the DRC rather than sourcing “looted” and “smuggled” resources through Rwanda. She extended the same request to Europe and other buyers, emphasizing that the DRC is the “rightful owner” of these valuable… Read More Here
Kasaï-Central’s Mbombo Hydropower Station Construction Begins 2 Mining in DRC Electricity Hydro power plant 

Kasaï-Central’s Mbombo Hydropower Station Construction Begins

Constance
The highly anticipated Mbombo hydropower station project has officially begun. Construction was launched on February 15, 2025, by Joseph Moïse Kambulu Nkonko, governor of Kasaï-Central province, where the station will be located. The plant, situated on the Lulua River about 9.3 miles (15 km) from downtown Kananga, will have an installed capacity of 10 MW. This project is expected to bring electricity to more people in the region. However, the number of direct and indirect jobs it will create, as well as the total number of beneficiaries, has yet to… Read More Here
EU Reassesses MoU with Rwanda Amid Growing DRC Conflict 3 Mining in DRC Governance Regional conflict 

EU Reassesses MoU with Rwanda Amid Growing DRC Conflict

Constance
On February 24, 2025, the European Union’s Foreign Affairs Council announced a review of its Memorandum of Understanding (MoU) with Rwanda, originally signed in February 2024. This decision, made public by EU High Representative Kaja Kallas, is part of broader EU efforts to press Rwanda to respect the territorial integrity of the Democratic Republic of Congo (DRC). Kallas, who is also Vice-President of the European Commission, stated, “Consultations on defense issues with Rwanda have been suspended. There is also a political decision to apply sanctions, depending on developments on the… Read More Here
DRC Weighs Cobalt Export Quotas to Stabilize Prices 4 Mining in DRC Battery Metals Cobalt 

DRC Weighs Cobalt Export Quotas to Stabilize Prices

Constance
The Democratic Republic of Congo (DRC) is considering introducing cobalt export quotas in an effort to curb oversupply and support prices. As the world’s largest supplier of cobalt, the country is seeking to counter historically low prices caused by sluggish demand from automakers and increased copper production, which yields cobalt as a by-product. The Congolese government has discussed implementing export limits, though no final decision has been made. Earlier this week, authorities imposed a four-month export ban to address the supply glut. The ban, announced by the Authority for the… Read More Here
Congo’s Cobalt Export Ban Boosts Chinese Stocks Amid Supply Concerns 5 Mining in DRC Cobalt Economy 

Congo’s Cobalt Export Ban Boosts Chinese Stocks Amid Supply Concerns

Constance
Cobalt stocks surged in China on Tuesday following an unexpected export ban in the Democratic Republic of Congo (DRC), improving the short-term outlook for the key material used in alloys and batteries. Shares of Nanjing Hanrui Cobalt Co. soared by as much as 17% in Shenzhen, while Zhejiang Huayou Cobalt Co. gained 7.8%. In contrast, CMOC Group Ltd., which has been expanding operations at its two massive mines in the DRC, slipped 2% in Hong Kong. The DRC, the world’s leading cobalt producer, announced a four-month suspension of cobalt exports… Read More Here
DRC Prime Minister Advocates for Sanctions Against Rwanda at UN Human Rights Council 6 Mining in DRC Governance 

DRC Prime Minister Advocates for Sanctions Against Rwanda at UN Human Rights Council

Constance
On Monday, February 24, 2025, Prime Minister and Head of Government, Judith Suminwa Tuluka, addressed the High-Level Segment of the 58th session of the Human Rights Council (HRC) in Geneva, Switzerland. Representing President Félix Antoine Tshisekedi Tshilombo, Prime Minister Suminwa led a Congolese delegation that included the Minister of Human Rights, Chantal Chambu Mwavita, the Minister of Communication and Media, Patrick Muyaya Katembwe, and the Vice-Minister of Foreign Affairs, Grâce Yamba Kazadi. During her speech, Prime Minister Suminwa expressed gratitude for the swift processing of the DRC Government’s request last… Read More Here
Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program 7 Mining in DRC Corporate News 

Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program

Constance
Three Congolese companies have secured subcontracting agreements under the Sino-Congolese Program, signing works contracts in Kinshasa on Wednesday, February 19, 2025, according to a press release from the Congolese Agency for Major Works (ACGT). As part of the Sino-Congolese Program, the three companies obtained subcontracting positions with the Sino-Congolese Infrastructure Company (Sisc SA). The contracts cover several key construction projects, including the University of Mbandaka, Kananga stadium, and Tshikapa airport rehabilitation. These projects will now be carried out by Congolese companies, thanks to subcontracting arrangements initiated in March 2024 following… Read More Here
Rwanda’s Illicit Exploitation of Congolese Minerals Funded by DRC's Gold 8 Mining in DRC 

Rwanda’s Illicit Exploitation of Congolese Minerals Funded by DRC’s Gold

Constance
In a recent address to the Congolese diaspora in Switzerland, Minister of Communication and Media, Patrick Muyaya Katembwe, exposed how Rwanda’s budget is largely funded through the illegal exploitation of Congolese natural resources, particularly gold. Muyaya shared details from a briefing with the Minister of Mines, who highlighted how Rwanda has been plundering Congolese resources for the past three decades. “Today, half of Rwanda’s budget is financed by the illicit exploitation of our gold,” he stated. The government spokesman further emphasized that President Félix Tshisekedi’s assertion that the ongoing conflict… Read More Here
Justicia ASBL Exposes Mafia-Led Illegal Mining in DRC and Collusion with Republican Guard 9 Mining in DRC Artisanal mining 

Justicia ASBL Exposes Mafia-Led Illegal Mining in DRC and Collusion with Republican Guard

Constance
The Justicia ASBL, an organization dedicated to human rights, humanitarian law, and development, has condemned the illegal invasion of mining concessions and the plundering of Congolese minerals by organized mafia networks involving Lebanese and Chinese expatriates, allegedly operating in collusion with elements of the Republican Guard (GR) in Haut-Katanga and Lualaba provinces. Justicia ASBL specifically highlights the Menda mining site, owned by Boss Mining, a subsidiary of the ERG Group, which complies with Congolese mining tax regulations yet remains a victim of illegal mining operations. The organization reports that Republican… Read More Here
DRC Suspends Cobalt Exports for Four Months to Stabilize Market 10 Mining in DRC Cobalt Economy 

DRC Suspends Cobalt Exports for Four Months to Stabilize Market

Constance
The Democratic Republic of Congo (DRC) has announced a four-month suspension of cobalt exports to address an oversupply that has driven down global prices. The measure, which took effect on February 22, aims to align exports with global demand and stabilize the market. As the world’s leading cobalt producer, supplying about 75% of global output, the DRC has seen production surge in recent years, particularly due to increased output from major mining operations. However, this rapid growth has led to an imbalance between supply and demand, causing cobalt prices to… Read More Here

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