Mining in DRC - Copperbelt Katanga Mining

DRC Strengthens Mineral Traceability Amid Rising Conflict in the East 1

At a briefing on Tuesday, February 18, 2025, Minister of Mines Kizito Pakabomba reaffirmed the Congolese government’s commitment to strengthening mineral traceability in response to ongoing conflict in the East, exacerbated by Rwanda’s support for the M23 rebel group. Pakabomba highlighted that the DRC has undertaken significant measures to ensure its minerals meet international certification standards, particularly for the U.S. and European markets. “With the United States, we are engaged in the Mineral Security Partnership (MSP) to certify DRC’s minerals, ensuring their traceability and preventing conflict minerals from entering supply… Read More Here

Mining in DRC

ANAPEX and UNIDO Collaborate on Export Sector Strategies for DRC

February 23, 2025February 23, 2025 Constance

The National Agency for the Promotion of Exports (ANAPEX) and the United Nations Industrial Development Organization (UNIDO) held discussions on Thursday regarding the development and implementation of sectoral export strategies in the Democratic Republic of Congo (DRC). “We had productive discussions between ANAPEX and UNIDO on implementing sectoral strategies for export sectors as part of the preparatory work for drafting these strategies,” said Kinkani Hervé Landry, Director of Studies and Planning at ANAPEX. Kinkani emphasized that the meeting also aimed to mobilize donor support for producers and potential exporters in… Read More Here

Mining in DRC

DRC Communications Minister Condemns International Inaction on Rwanda’s Resource Plundering

February 23, 2025February 23, 2025 Constance

Democratic Republic of Congo (DRC) Minister of Communication and Media, and government spokesperson, Patrick Muyaya Katembwe, has denounced the international community’s failure to act against Rwanda’s alleged exploitation of Congolese resources. Speaking at the opening ceremony of the National Civil Society Consultation Framework (CCNSC-RDC) on February 18, 2025, at the Pullman Hotel in Kinshasa, Muyaya condemned Rwanda as an aggressor state. “Rwanda continues to defile our ancestral land, systematically plundering our resources, violating our women, and massacring our peaceful population—all under the indifferent gaze of the international community. Despite multiple… Read More Here

Mining in DRC Cobalt Copper Corporate News

Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results

February 23, 2025February 23, 2025 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden presented the company’s financial results for the fourth quarter and year ended December 31, 2024, and provide an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding production at the world-class Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC); ramping up the ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the DRC; building the tier-one Platreef… Read More Here

Mining in DRC Cobalt Copper

Norinco Revises Bid for Chemaf’s Congo Mines, Offering Bigger State Stake

February 21, 2025February 21, 2025 Constance

China North Industries Corp (Norinco) has revised its $1.4 billion bid to acquire copper and cobalt assets from Chemaf SA by offering the Democratic Republic of the Congo (DRC) a larger stake to ease government concerns, sources familiar with the matter told Reuters. Norinco’s offer, initially submitted in June 2023, stalled after Congo’s state miner, Gécamines, made its own unsolicited bid for the assets. The situation has been further complicated by U.S. efforts to curb China’s dominance in the mineral-rich Copperbelt. To push the deal forward, Norinco has proposed increasing… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

U.S. Aid Freeze Puts Africa’s Critical Minerals Corridor at Risk

February 21, 2025February 21, 2025 Constance

A billion-dollar expansion of Africa’s most strategic U.S.-backed critical minerals project is now in limbo due to a foreign aid freeze under the Trump administration—creating an opening for China to expand its influence. At the center of the crisis is the Lobito Corridor railway project, a key infrastructure initiative designed to transport copper and cobalt from the Central African Copperbelt—home to some of the world’s richest deposits—to the Angolan coast for export to Western markets. The project was set to receive funding from the U.S. International Development Finance Corp. (DFC)… Read More Here

Mining in DRC Cobalt Copper Corporate News

Glencore Rejects Unsolicited Bid for DRC Operations

February 17, 2025February 17, 2025 Constance

Miner and commodity trader Glencore has confirmed that it rejected an unsolicited offer for its operations in the Democratic Republic of Congo (DRC) at the end of last year. “Glencore has not engaged any banks or advisors and is not running a sale process for its operations in the DRC,” a company spokesperson stated in an email. Earlier, the Financial Times reported that Glencore had considered selling part or all of its Congolese assets and had engaged in preliminary discussions with a potential buyer from the Middle East regarding its… Read More Here

Mining in DRC Governance

President Tshisekedi Attends Munich Security Conference Amid Regional Tensions

February 16, 2025February 16, 2025 Constance

President Félix-Antoine Tshisekedi Tshilombo of the Democratic Republic of Congo (DRC) arrived in Germany on Thursday, February 13, 2025, to participate in the 61st Munich Security Conference (MSC), running from February 14 to 16, 2025. He is accompanied by First Lady Denise Nyakeru Tshisekedi. The conference brings together heads of state, ministers, and leaders of international organizations to discuss key geopolitical and strategic challenges. This year’s agenda will focus on the security and humanitarian crisis in eastern DRC, following the offensive by the Rwandan army and M23 rebels on Goma.… Read More Here

Mining in DRC Economy News in Brief Silver Ore

Silver Prices Rise in the DRC Amid Growing Global Demand

February 16, 2025February 16, 2025 Constance

The price of silver, a key export mineral for the Democratic Republic of Congo (DRC), rose by 3.03% between February 10 and 15, 2025, reaching USD 1.02 per gram, up from USD 0.99 the previous week, according to the Ministry of Foreign Trade. The increase reflects growing industrial demand, particularly in green technologies and electronics, where silver plays a crucial role. Additionally, global economic uncertainties and currency fluctuations have reinforced silver’s status as a safe-haven asset. As Africa’s leading silver producer, the DRC stands to benefit from higher prices through… Read More Here

Mining in DRC Corporate News Gold

Loulo-Gounkoto Overtakes Kibali as Africa’s Top Gold Mine in 2024

February 16, 2025February 16, 2025 Constance

With a production of 723,000 ounces of gold in 2024—an increase of approximately 6% from the previous year—Mali’s Loulo-Gounkoto mining complex has become Africa’s largest gold-producing mine. It surpassed the Kibali mine in the Democratic Republic of Congo (DRC), which reported a 10% decline in output to 686,000 ounces. The statistics, released on February 12, 2025, by Barrick, highlight a major shift in gold production rankings on the continent. For years, Kibali consistently outproduced Loulo-Gounkoto, but the gap has gradually narrowed. By 2024, the roles reversed, with Kibali struggling to… Read More Here