Mining in DRC - Copperbelt Katanga Mining

DRC’s Tin Exports Surge in 2024 Amid Growing Global Demand

March 26, 2025March 26, 2025 Constance

The mining sector in the Democratic Republic of Congo (DRC) saw significant revenue from tin exports in 2024. According to the Ministry of Mines’ annual report, the country exported 42,953 tonnes of tin, generating an estimated USD 512.9 million in revenue from international markets. As a major player in the global tin market, the DRC continues to assert its dominance, particularly in the electronics and metallurgical industries. Of the total exports, industrial production accounted for 27,100.10 tonnes, bringing in around USD 350.2 million. The Alphamin Bisie company leads the sector,… Read More Here

Diamond Economy Mining in DRC

DRC Diamond Exports Generate $89 Million in 2024 with Significant Growth in Volume

March 26, 2025March 26, 2025 Constance

Diamond exports from the Democratic Republic of Congo (DRC) generated $89 million in revenue in 2024, according to the latest statistics from the Ministry of Mines. The total exports amounted to 9,240,714.14 carats during the year. An analysis of the Ministry’s 2024 annual report reveals a growth of 11.26% in diamond exports compared to 2023, when exports totaled 8,305,796 carats. The report indicates that artisanal mining dominated diamond production in the DRC, with over 6,353,613.89 carats produced, yielding $56.2 million in revenue. Among the key artisanal diamond counters, MALABAR led… Read More Here

Gold Artisanal mining Economy Mining in DRC

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

March 26, 2025March 26, 2025 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

Mining in DRC Diamond Mining safety

Five Diamond Diggers Killed in Land Collapse in Tshikapa DRC

March 26, 2025March 26, 2025 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

Mining in DRC Battery Metals Cobalt Economy

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

March 26, 2025March 26, 2025 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

Mining in DRC Copper Gold

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

March 22, 2025March 22, 2025 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

Mining in DRC Battery Metals Lithium

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

March 22, 2025March 22, 2025 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

Mining in DRC Cobalt Copper

Chemaf Scraps Norin Mining Deal Amid US-China Mineral Tensions

March 22, 2025March 22, 2025 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

Mining in DRC Battery Metals Cobalt Copper

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

March 22, 2025March 22, 2025 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

Mining in DRC Battery Metals Cobalt

DRC Partners with Indonesia to Regulate Global Cobalt Supply

March 22, 2025March 22, 2025 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