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Category: Mining in DRC

Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board 1 Mining in DRC Corporate News Mining Personality 

Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board

Constance
 Ivanhoe Mines Executive Co-Chair Robert Friedland announced that Mr. Jinghe Chen, Chairman of Zijin Mining Group Co. Ltd., has stepped down from Ivanhoe’s the board of directors and has been replaced with the appointment of Dr. Chun (James) Wang, Vice President of Overseas Operations for Zijin Mining. Mr. Chen has served on Ivanhoe Mines’ board of directors since 2019, following the strategic investment by Zijin Mining into Ivanhoe Mines and the forming of the Kamoa Copper joint venture in 2015. Dr. Wang replaces Mr. Chen on the board of directors,… Read More Here
Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025 2 Mining in DRC Copper Press Release Zinc 

Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459 tpd in February. These achievements are just… Read More Here
US and DRC in Talks Over Critical Minerals Deal 3 Mining in DRC Cobalt Copper Lithium 

US and DRC in Talks Over Critical Minerals Deal

Constance
The United States is engaging in exploratory discussions with the Democratic Republic of Congo (DRC) over a potential agreement that would grant the US access to the country’s critical minerals in exchange for military support. The DRC government reportedly initiated discussions two weeks ago, following an interview in which President Félix Tshisekedi stated that the Trump administration had expressed interest in the nation’s vast mineral resources. The DRC is the world’s largest producer of cobalt, a key component in electric vehicle batteries, accounting for over 70% of global production. The… Read More Here
Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma 4 Mining in DRC Copper New Mining Projects Tin 

Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma

Constance
AIM-listed Rome Resources has announced promising assay results from drill hole MADD018 at its Mont Agoma prospect in the Democratic Republic of Congo. The results confirm a cumulative 62.25 m higher-grade copper zone at 0.61% within a broader 148 m intercept averaging 0.35% copper. Recent drilling has also revealed visible tin across a 40 m interval in hole MADD024, along with a 179 m visible copper zone. Located approximately 70 m beneath the earlier MADD012 drill hole—which reported a 40 m-wide tin zone grading between 0.1% and 0.3%—MADD024 appears to… Read More Here
Mercuria and Glencore Renew Copper Deal with Gécamines 5 Mining in DRC Copper 

Mercuria and Glencore Renew Copper Deal with Gécamines

Constance
Mercuria Energy Group Ltd. and Glencore Plc have renewed their agreement to purchase copper from the Democratic Republic of Congo’s state-owned miner, Gécamines. This move aligns with Gécamines’ strategy to independently market its share of output from joint ventures. According to sources familiar with the matter, the two commodity traders successfully bid for copper from the Tenke Fungurume mine, which is majority-owned by China’s CMOC Group Ltd. Mercuria secured 50% of Gécamines’ allocated copper, while Glencore obtained 25%. The remaining 25% has yet to be assigned. These allocations mirror last… Read More Here
Lualaba Civil Society Backs DRC’s Temporary Cobalt Export Ban to Stabilize Market 6 Cobalt Economy Mining in DRC 

Lualaba Civil Society Backs DRC’s Temporary Cobalt Export Ban to Stabilize Market

Constance
Amid a sharp decline in cobalt prices, civil society organizations in Lualaba, in collaboration with the CASMIA-G ASBL platform, have assessed the government’s recent decision to temporarily suspend cobalt exports. This measure, enacted by the Regulatory and Control Authority for Strategic Mineral Substances Markets (ARECOMS), aims to curb oversupply and stabilize the market. Cobalt, classified as a strategic mineral under Article 7 bis of the Mining Code, is crucial to the Congolese economy. The majority of production comes from Lualaba and Haut-Katanga, sourced from both industrial mines and artisanal cooperatives.… Read More Here
DRC Seeks Exclusive Partnership with US for Critical Minerals and Security Assistance 7 Mining in DRC Battery Metals Governance Uranium 

DRC Seeks Exclusive Partnership with US for Critical Minerals and Security Assistance

Constance
The Democratic Republic of Congo (DRC) has proposed an exclusive partnership with the United States, offering access to its vast mineral resources and infrastructure projects in exchange for security assistance amid a rebellion supported by neighboring Rwanda. In a letter to US Secretary of State Marco Rubio, Congo requested an urgent meeting between Presidents Felix Tshisekedi and Donald Trump to discuss a potential agreement that would grant American companies access to some of the world’s most valuable minerals essential for the global energy transition. “As the world’s largest supplier of… Read More Here
Cobalt Prices Surge Following DRC’s Export Suspension 8 Mining in DRC Cobalt Economy 

Cobalt Prices Surge Following DRC’s Export Suspension

Constance
On February 28, 2025, the price of cobalt oxide on the Shanghai Metals Exchange rose to €16,640 per tonne (excluding tax), marking a 1.46% increase over the past five days. This trend was also observed on the London Metal Exchange, where April 2026 cobalt oxide contracts jumped 5%, trading at $22,246.19 per tonne, up from the previous price of $21,153. This price increase follows the Democratic Republic of Congo’s (DRC) announcement on February 22 that it would suspend cobalt exports for four months, a move aimed at addressing the global… Read More Here
Loncor Confirms High-Grade Gold Deposits at Adumbi Gold Mine in DRC 9 Mining in DRC Gold New Mining Projects 

Loncor Confirms High-Grade Gold Deposits at Adumbi Gold Mine in DRC

Constance
Canadian exploration company Loncor has revealed the results of its deep drilling program at the Adumbi Gold Mine in the Democratic Republic of Congo, confirming high-grade gold deposits at various depths. The company reported intersections of deposits with grades of 26.94 grams per ton (g/t) at 0.45 meters, 5.82 g/t at 16.07 meters, and 4.77 g/t at 22.64 meters. John Barker, CEO of Loncor, explained that hole LADD027, located in the northwest of the Adumbi deposit, intersected the mineralization at a vertical depth of 478 meters below the surface, which… Read More Here
DRC Suspends Cobalt Exports to Control Market Price: Risks and Opportunities 10 Mining in DRC Battery Metals Cobalt 

DRC Suspends Cobalt Exports to Control Market Price: Risks and Opportunities

Constance
On February 22, 2025, the Authority for the Regulation and Control of Strategic Mineral Substances Markets (ARECOMS) announced a four-month suspension of cobalt exports from the Democratic Republic of Congo (DRC). This decision aims to address the global oversupply of cobalt, a key metal used in electric vehicle batteries and other technologies, and to give the Congolese government and its mining partners the ability to regulate cobalt prices. However, while the measure could help stabilize prices, it also presents several risks and challenges, according to various experts. The Reason Behind… Read More Here

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