Mining in DRC - Copperbelt Katanga Mining

U.S. Pushes for DRC-Rwanda Peace Deal Tied to Multi-Billion Dollar Mineral Investments 1

The United States is working to broker a peace agreement between the Democratic Republic of Congo (DRC) and Rwanda, with the goal of finalizing and signing the accord at the White House in roughly two months. The peace deal would be accompanied by bilateral mineral agreements expected to unlock billions of dollars in Western investment across the region, according to Massad Boulos, senior advisor for Africa to former President Donald Trump. “When we sign the peace agreement, the minerals deal with the DRC will be signed that same day, followed… Read More Here

Belgium Signals Stronger Role in DRC’s Critical Minerals Sector

April 30, 2025April 30, 2025 Constance

Belgium is ready to deepen its involvement in the Democratic Republic of Congo’s (DRC) critical minerals sector, according to Belgian Foreign Minister Maxime Prévot, who is currently visiting the Central African country as it seeks to diversify its investment partnerships. The DRC holds some of the world’s largest reserves of copper, cobalt, lithium, and uranium. However, persistent instability and insecurity—particularly in the east—have long hindered the scale of foreign investment required to fully develop the sector’s potential. Amid growing interest from global powers, Kinshasa is actively looking to attract new… Read More Here

Mining in DRC Economy Tin

Tin Prices Recover as Commodities Show Mixed Trends in DRC’s Mining Sector

April 30, 2025April 30, 2025 Constance

Tin prices are showing a positive recovery this week, following a period of decline since March. As of the week from April 28 to May 3, 2025, tin is trading at USD 31,216 per tonne, up from USD 30,891 the previous week, marking a notable uptick in the market. During the week of April 21-26, 2025, tin had been trading at USD 30,891 per tonne, down from USD 35,142 the week prior (April 14-19). This decline of 5% was largely attributed to the temporary closure of Alphamin, a U.S.-based company… Read More Here

Mining in DRC Economy

DRC’s Mining Sector Generates $4.36 Billion in 2024

April 28, 2025April 28, 2025 Constance

The mining sector of the Democratic Republic of Congo (DRC) generated $4.36 billion in 2024, accounting for approximately 41.3% of the country’s total revenue, estimated at over $10.62 billion. This was reported by the financial rating agency Standard & Poor’s (S&P) in a recent post on its X (formerly Twitter) account. According to S&P, this performance resulted from multiple sources of revenue, including income tax on expatriates’ salaries, exceptional taxes on foreign workers’ compensation, permits for exploration or exploitation, and mining royalties. The latest report from the DRC Ministry of… Read More Here

Mining in DRC Corporate News Events & Expos

ERG Africa Champions Women’s Inclusion at Kinshasa Mining Event

April 28, 2025April 28, 2025 Constance

As a proud member of the Chambre des Mines – Fédération des Entreprises du Congo, ERG Africa was honoured to actively participate in the Women’s Day event held on 16 April in Kinshasa. The event, attended by the Governor of Kinshasa, His Excellency Mr. Daniel Bumba, placed a strong focus on advancing women’s inclusion in the mining sector, particularly through local subcontracting initiatives. ERG Africa CEO, Nicolas Treand, took part in a panel discussion alongside two of the company’s partners, Dana Mopulunga, Managing Director of Degymo Group, and Stephanie Taky,… Read More Here

Mining in DRC Cobalt Copper

Gates- & Bezos-Backed KoBold Expands in DRC to Challenge China’s Grip on Critical Minerals

April 28, 2025April 28, 2025 Constance

A U.S. mining company backed by billionaires Bill Gates and Jeff Bezos is expanding its operations in the Democratic Republic of Congo (DRC), aiming to secure rare minerals essential for the global energy transition and counter China’s dominance in the sector. KoBold Metals, the Berkeley-based company supported by Gates’s Breakthrough Energy Ventures—whose investors also include Jeff Bezos and former New York Mayor Michael Bloomberg—plans to leverage artificial intelligence to discover new mineral deposits in the DRC’s resource-rich basins. Newly appointed Director-General Benjamin Katabuka announced the company’s ambitions as it deepens… Read More Here

Mining in DRC

DRC Invites Japanese Companies to Invest in Its Mining Sector

April 28, 2025April 28, 2025 Constance

During the Japan-DRC Business Forum held from April 20 to 22, Popol Mabolia, Director General of the Mining Registry (CAMI), led a Congolese delegation in calling for greater Japanese investment in the Democratic Republic of Congo’s mining sector. Addressing major Japanese companies such as Sumitomo and Ambatovy, Mabolia encouraged partnerships with local mining firms, including state-owned Gécamines and Kisenge Manganèse. His appeal aligns with the forum’s broader aim of strengthening economic cooperation and promoting investment opportunities between the two countries. To attract Japanese investors, Mabolia emphasized the DRC’s vast mining… Read More Here

Mining in DRC Gold Mine Safety

Gold Mine Collapse in Eastern DRC Kills at Least 10 Amid Ongoing Conflict

April 28, 2025April 28, 2025 Constance

At least 10 people have been confirmed dead following the collapse of a gold mine in eastern Democratic Republic of Congo, according to Douglas Dunia Masumbuko, the M23-appointed governor of South Kivu province. The incident occurred at the Luhihi mine, with Masumbuko warning that the death toll could rise due to the number of injuries sustained. He attributed the collapse to “uncontrolled construction and poor maintenance of gold wells” in the area. Mining accidents are common in the DRC, particularly at small, artisanal mining sites where safety standards are often… Read More Here

Mining in DRC Economy

IMF Warns DRC’s Investment Growth May Fall Short Without Structural Reforms

April 27, 2025April 27, 2025 Constance

The International Monetary Fund (IMF), in its latest report released during the IMF and World Bank Spring Meetings, projects that investment in the Democratic Republic of Congo (DRC) will peak at 16.5% of GDP by 2029. The forecast anticipates a gradual rise in investment levels between 2025 (14.9%) and 2029. However, a slight decline to 16.2% projected for 2030 signals a potential slowdown or lack of continuity in major projects. Despite the upward trend, the DRC’s investment rate remains below the benchmarks seen in fast-growing emerging economies. Experts note that… Read More Here

Mining in DRC

DRC and Indonesia Strengthen Strategic Ties Around Natural Resources

April 27, 2025April 27, 2025 Constance

A new milestone in the growing strategic partnership between Kinshasa and Jakarta was reached on April 23, 2025, as Presidents Félix Tshisekedi and Prabowo Subianto held their second exchange since the Indonesian leader’s inauguration. Their goal: to deepen multifaceted cooperation and reinforce diplomacy centered on natural resources. The two heads of state spoke via videoconference, continuing the dialogue initiated on December 14, 2024, shortly after Prabowo Subianto’s election. Discussions focused on creating partnerships across economic, mining, agricultural, diplomatic, and infrastructure sectors. Jakarta is positioning itself as a strategic ally to… Read More Here