Mining in DRC - Copperbelt Katanga Mining

DRC Reports Decline in Child Labor in Cobalt Mines Amid Controversy

January 4, 2025January 4, 2025 Constance

In its report published on December 31, 2024, the National Human Rights Commission of the Democratic Republic of Congo (CNDH) highlighted a decrease in the number of children working in cobalt mines in the Haut-Katanga and Lualaba provinces. However, the reported figures have sparked controversy. Prior to 2019, it was estimated that 360,000 children were working in these mines, according to organizations such as UNICEF. In contrast, the Congolese government reported a much lower figure of 14,850 child laborers. The CNDH, after consultation with Mines.cd, now estimates that the total… Read More Here

Mining in DRC News in Brief Tin

Tin Price in the DRC Sees Modest Increase Amid Sustained Demand

January 4, 2025January 4, 2025 Constance

The price of tin, the Democratic Republic of Congo’s (DRC) main export mineral, has experienced a slight rise this week. According to the latest figures from the National Mercurial Commission of the Ministry of Foreign Trade, the price of tin reached $28,637.50 per ton for the week of January 6 to 11, 2025. This marks a modest increase of 0.13% compared to the previous week. While the rise is small, it reflects ongoing strong demand for this essential metal, widely used in industries such as electronics and metallurgy. Read More Here

Mining in DRC Partnership

DRC and EU Forge Strategic Partnership for Sustainable Mineral Value Chains

January 3, 2025January 3, 2025 Constance

The Democratic Republic of Congo (DRC) and the European Union (EU) have formalized a strategic partnership roadmap to enhance the value chains of critical and strategic minerals extracted in the DRC. This milestone agreement, signed on December 11, 2024, in Brussels, Belgium, by DRC Minister of Mines Kizito Pakabomba and EU representatives, seeks to transform Congolese mineral resources into global opportunities. The agreement is structured around five main pillars: “This partnership heralds a new era for the Congolese mining sector, positioning our country as a vital supplier of critical minerals… Read More Here

Mining in DRC

Accountability Demanded in Illegal Mineral Exploitation Scandal Involving Chinese Nationals in DRC

January 3, 2025January 3, 2025 Constance

The coalition “Congo is Not for Sale” (CNPAV) has expressed deep dismay over the unresolved case of Chinese nationals involved in the illegal exploitation of minerals in the Democratic Republic of Congo (DRC). In a press release addressed, CNPAV criticized the lack of transparency surrounding the incident, particularly the exfiltration of these individuals, allegedly facilitated by state authorities. The coalition described the incident as an act of corruption that reflects poor governance and mismanagement of public affairs. It warned that such practices deprive the Congolese people of critical resources needed… Read More Here

Mining in DRC Economy Governance

DRC Prime Minister Grants Moratorium on End-of-Year Audits for Businesses

December 30, 2024December 30, 2024 Constance

Prime Minister Judith Suminwa has announced a nationwide moratorium on state services’ control missions targeting companies. The suspension, effective from December 16, 2024, to January 30, 2025, was granted in response to concerns raised by the Federation of Congolese Enterprises (FEC) over administrative burdens at the end of the fiscal year. “I have decided to grant a moratorium on all tax audits, non-tax revenue audits, and routine economic audits to allow economic operators to prepare their financial statements with peace of mind,” wrote the Prime Minister in a letter dated… Read More Here

Mining in DRC

CAMI Urges Mining and Quarry Right Holders to Fulfill 2024 Payment Obligations

December 30, 2024December 30, 2024 Constance

The Mining Registry (CAMI), the official portal for the Democratic Republic of Congo’s extractive sector, has issued a reminder to holders of mining and quarry rights. As of December 15, 2024, payments for annual surface rights for the 2024 financial year have not been confirmed by CAMI’s financial services. In a press release, CAMI’s Director General, Popol Mabolia, called on the affected holders to submit original proof of payment for both the CAMI quota and the DGRAD quota. The submission deadline is 45 days from the publication of the press… Read More Here

Mining in DRC Partnership

DRC and EU Forge Strategic Partnership to Transform Mining Sector

December 30, 2024December 30, 2024 Constance

At the 28th meeting of the Council of Ministers, the Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, announced the signing of a comprehensive roadmap with the European Union (EU). This ambitious partnership seeks to leverage the DRC’s vast mineral wealth as a catalyst for sustainable and inclusive development. The roadmap comprises 25 strategic actions across five key pillars: attracting investment, enhancing local infrastructure, improving governance and transparency in the mining sector, fostering scientific and technological cooperation, and creating skilled employment opportunities. The overarching goal is to maximize… Read More Here

Mining in DRC Corporate News New Mining Projects

DRC President Announces $50 Million Investment to Revive MIBA Mining Company

December 28, 2024December 28, 2024 Constance

The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, has announced a $50 million investment to revive the struggling Bakwanga Mining Company (MIBA). The announcement was made on Thursday, December 26, 2024, during his visit to Mbuji-Mayi, the capital of Kasaï Oriental province, as part of his ongoing tour of the country’s provinces. Amidst a warm welcome from the local population, President Tshisekedi emphasized the importance of strict oversight in the use of these funds to ensure the revitalization of MIBA, which has faced decades of financial challenges.… Read More Here

Mining in DRC

DRC Coltan Exports Surge Despite M23 Rebel Group’s Control in North Kivu

December 28, 2024December 28, 2024 Constance

Exports of coltan (tantalum concentrate) from the Democratic Republic of Congo (DRC) reached 265.90 tonnes, generating USD 6.76 million during the first quarter of 2024, according to provisional data released by the Ministry of Mines. The Haut-Katanga region leads the country’s coltan exports, with 99.64 tonnes valued at USD 1.83 million. South Kivu follows closely with 67.40 tonnes, worth USD 1.73 million, while Tanganyika ranks third with 58.80 tonnes, generating USD 1.86 million. North Kivu, where the M23 rebel group continues to destabilize the region, ranks fourth with 40.06 tonnes… Read More Here

Mining in DRC Gold Tin

Congolese Mining Sector Boosted by Rising Tin and Gold Prices

December 28, 2024December 28, 2024 Constance

The Congolese mining sector is experiencing a significant revival, driven by the recent surge in the price of tin on international markets. According to the latest data from the National Commission of Mercuriales within the Ministry of Foreign Trade, the price of a tonne of tin reached $29,306 USD during the week of December 23–28, 2024. This marks a 1.06% increase compared to the previous week. The Commission’s report also highlights that the price of tin stood at $28,998 USD per tonne during the week of December 16–22, 2024, reflecting… Read More Here