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Category: Mining in DRC

DRC Prime Minister Calls for Acceleration of Lobito Corridor Development 1 Mining in DRC Transport and Logistics 

DRC Prime Minister Calls for Acceleration of Lobito Corridor Development

Constance
Speaking at the 38th Meeting of the Council of Ministers at the African Union City, Prime Minister Judith Suminwa Tuluka emphasized the urgent need to accelerate development projects along the Lobito Corridor. In her address, the Prime Minister highlighted the Italian government’s launch of a new partnership model with Africa, rooted in the Mattei Plan—an initiative focused on fostering equitable and mutually beneficial cooperation. The Mattei Plan prioritizes joint identification of development priorities in collaboration with African nations. Prime Minister Suminwa Tuluka noted that connectivity infrastructure, particularly the Lobito Corridor,… Read More Here
Ivanhoe Mines Reports Significantly Increased Hydroelectric Power Availability for Kamoa-Kakula 2 Mining in DRC Copper Hydro power plant 

Ivanhoe Mines Reports Significantly Increased Hydroelectric Power Availability for Kamoa-Kakula

Constance
Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete announced today, alongside the company’s first-quarter production results, that Kamoa-Kakula has reached a major turning point following a significant increase in imported hydroelectric power in recent weeks enabling the start-up of the new on-site copper smelter. Imported hydroelectric power increased by 20 megawatts (MW) to 70 MW in mid-March. Imported hydropower is expected to increase further to 100 MW imminently, representing a 100% increase over recent weeks. Kamoa-Kakula delivered record production during… Read More Here
Bin Nassor Elected to Lead DRC Chamber of Mines as TFM Returns to Power 3 Mining in DRC Mining Personality 

Bin Nassor Elected to Lead DRC Chamber of Mines as TFM Returns to Power

Constance
The election of Bin Nassor as President of the Chamber of Mines in the Democratic Republic of Congo (DRC) marks the return of mining giant Tenke Fungurume Mining (TFM) to the leadership of the country’s key mining institution. TFM, a major player in the Congolese mining sector, previously held this position several years ago. Nassor represented the CMOC Group, parent company of both Kisanfu Mining and TFM. The election was held on Thursday, April 3, 2025, under the auspices of the Chamber of Mines—a commission of the Federation of Congolese… Read More Here
China Molybdenum’s DRC Operations Drive Record Growth and Strategic Dominance 4 Mining in DRC Cobalt Copper 

China Molybdenum’s DRC Operations Drive Record Growth and Strategic Dominance

Constance
Mining giant China Molybdenum Co. Ltd. (CMOC)—a key player in the Democratic Republic of Congo through its operations at Tenke Fungurume Mining (TFM) and Kisanfu Mining (KFM)—achieved a significant milestone in 2024, posting impressive financial and operational results that solidify its status among the world’s top producers of strategic metals. According to the company, net profit attributable to shareholders rose by 64% to USD 1.9 billion, while revenue increased by 14.37% to reach USD 29.85 billion. CMOC also reported exceptional growth in operating cash flow, which surged by 108.38% to… Read More Here
Miguel Kashal Presents 2024 Subcontracting Report to President Tshisekedi 5 Mining in DRC Governance 

Miguel Kashal Presents 2024 Subcontracting Report to President Tshisekedi

Constance
The Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, met with President Félix-Antoine Tshisekedi on Thursday, April 3, 2025, to present an update on the state of subcontracting activities across the Democratic Republic of Congo. During the audience, Katemb delivered a partial report on the 2024 financial year and outlined progress made in implementing instructions received during earlier meetings with the President—particularly the one held on September 18, 2024. That meeting had focused on improving oversight and transparency in the use of… Read More Here
US Strategy on Critical Minerals Puts DRC Battery Project in Doubt 6 Mining in DRC 

US Strategy on Critical Minerals Puts DRC Battery Project in Doubt

Constance
Since President Donald Trump’s return to power in January, boosting domestic supplies of critical minerals, such as copper, has been a top priority, particularly for energy transition technologies . However, this shift in focus raises questions about US support for developing a battery production value chain in the Democratic Republic of Congo (DRC), as outlined in a Memorandum of Understanding (MoU) signed in December 2022. This strategic pivot involves using executive powers to expedite domestic extraction and processing of raw materials, which may come at the expense of supporting international… Read More Here
Zesco Mining in DRC Electricity 

DRC Power Output Grows but Energy Challenges Persist

Constance
Between 2023 and 2024, the Democratic Republic of Congo (DRC) saw a 3.04% increase in power output, rising by 303.1 gigawatt-hours (GWh). This boost was primarily driven by hydropower plants, including the Inga I and II plants, according to the country’s power utility, the ARE. Over the period from 2020 to 2024, the DRC’s power output grew by 9.8%. However, despite this progress, the DRC’s total electricity output remains low, reaching just 13.6 terawatt-hours (TWh) in 2024. To put this into perspective, it is equivalent to roughly 11 days of… Read More Here
US and DRC Explore Minerals and Security Partnership Amid Ongoing Conflict 7 Mining in DRC Partnership 

US and DRC Explore Minerals and Security Partnership Amid Ongoing Conflict

Constance
The United States and the Democratic Republic of Congo (DRC) are in discussions to form a minerals and security partnership, according to Massad Boulos, Senior Adviser for Africa to President Donald Trump, following a meeting with DRC President Felix Tshisekedi on Thursday in Kinshasa. Boulos visited the capital to review Tshisekedi’s proposal, which involves the DRC offering its rich mining resources in exchange for US security assistance in the country’s ongoing battle against a rebel group in its eastern region, reportedly backed by neighboring Rwanda. The DRC is the world’s… Read More Here
South Kivu Governor Exposes True Routes of Illicit Mineral Exports 8 Mining in DRC 

South Kivu Governor Exposes True Routes of Illicit Mineral Exports

Constance
During his address to the Foreign Affairs Committee of the French National Assembly on April 2, 2025, the Governor of South Kivu Province, Jean-Jacques Purusi Sadiki, shed light on the growing issue of illicit mineral exploitation in his region. He refuted widely held assumptions about the destination of these illegally mined resources. “Contrary to claims that 90% of South Kivu’s illicit mineral production goes to China, our data shows otherwise,” the governor stated. “About 67% is exported to the Middle East—specifically Dubai, the United Arab Emirates, and Saudi Arabia—while less… Read More Here
DRC Launches Strategic Plan to Secure 3T Minerals Amid Regional Smuggling Concerns 9 Mining in DRC 

DRC Launches Strategic Plan to Secure 3T Minerals Amid Regional Smuggling Concerns

Constance
During the 38th Ordinary Meeting of the Council of Ministers held on Friday, April 4, 2025, in Kinshasa, Prime Minister Judith Suminwa emphasized the urgent need to secure the Democratic Republic of Congo’s strategic mineral resources, given the country’s ongoing security challenges. According to the government’s spokesperson, Minister of Communication and Media Patrick Muyaya, the meeting particularly focused on the minerals known as the “3Ts”—tungsten, tantalum, and tin. Prime Minister Suminwa chaired a strategic session with experts from the Prime Minister’s Office, the Ministry of Mines, the Mining Registry, the… Read More Here

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