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Category: Mining in DRC

Alphamin Halts Mining at Bisie Tin Mine Amid DRC Conflict 1 Mining in DRC Regional conflict Tin 

Alphamin Halts Mining at Bisie Tin Mine Amid DRC Conflict

Constance
TSX-V and JSE-listed Alphamin Resources has temporarily suspended mining operations at its Bisie tin mine in the Democratic Republic of Congo (DRC) due to escalating conflict in the region. The company reported that insurgent militant groups advanced westward toward the mine site on March 9, posing a significant security risk. Prioritizing the safety of its employees and contractors, Alphamin stated that operations will remain suspended until the situation stabilizes. Only essential personnel remain on-site to oversee care, maintenance, and security. Alphamin also confirmed that peace talks between the governments of… Read More Here
AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC 2 Mining in DRC Battery Metals Corporate News Lithium 

AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC

Constance
Australia’s AVZ Minerals has secured a legal victory against the Democratic Republic of Congo (DRC) and China’s Zijin Mining in a dispute over rights to the Manono lithium mine. The company is now in talks with U.S. investors to secure funding for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) has ordered DRC’s state-owned mining company, Cominiere, to pay a €39.1 million penalty for failing to comply with previous rulings preventing it from terminating its joint venture with AVZ. AVZ initially held the permit… Read More Here
China’s Refined Copper Imports Surge as Congo Supply Booms 3 Copper Mining in DRC 

China’s Refined Copper Imports Surge as Congo Supply Booms

Constance
China is set to increase its imports of off-exchange refined copper this year, driven by soaring production in the Democratic Republic of Congo (DRC) and concerns over potential supply disruptions from U.S. scrap restrictions, according to analysts and traders. The surge highlights China’s growing dependence on Congolese refined copper, which now accounts for a significant share of its imports. The DRC, bolstered by years of Chinese investment in mining, has become the world’s second-largest copper producer. Much of its exports to China consist of equivalent grade (EQ) copper—metal that meets… Read More Here
DRC’s Copper Exports Hit Record 3.1 Million Tonnes in 2024 4 Mining in DRC Copper Economy 

DRC’s Copper Exports Hit Record 3.1 Million Tonnes in 2024

Constance
For the first time in its mining history, the Democratic Republic of Congo (DRC) exported a record 3.1 million tonnes of copper in 2024, according to a March 6 report from the Congolese Ministry of Mines. This represents a 13% increase from 2023, driven by strong performances from the country’s largest copper mines. Key Contributors to Growth Copper exports from the DRC could grow further in 2025, supported by a 3.7% increase in global demand, as forecasted by Commodity Insights. Additionally, the CRU Group estimates that the DRC’s copper output… Read More Here
DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum 5 Mining in DRC Corporate News 

DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum

Constance
The anti-corruption platform “Congo is Not for Sale” (CNPAV) is set to host a high-level forum on March 14, 2025, at the Cercle de Kinshasa in Gombe. The event will evaluate the implementation of Amendment 5 to the Sicomines Convention, signed one year ago between the Democratic Republic of Congo (DRC) and its Chinese partners. In 2008, the DRC signed a “Minerals for Infrastructure” deal with a consortium of Chinese companies, establishing the Sicomines project. While initially presented as a mutually beneficial partnership, the agreement has faced widespread criticism, particularly… Read More Here
MMG Suspends Cobalt Processing at Kinsevere Amid Price Slump 6 Mining in DRC Cobalt 

MMG Suspends Cobalt Processing at Kinsevere Amid Price Slump

Constance
Chinese state-controlled miner MMG Ltd has halted operations at its cobalt processing plant in the Democratic Republic of Congo (DRC) just 15 months after its launch, citing a sharp decline in cobalt prices. The company, 67% owned by China Minmetals Corp, suspended the facility at its Kinsevere mine in December 2024 due to unfavorable market conditions. This decision comes as the Congolese government imposed a four-month export ban on cobalt last week, aiming to curb oversupply and stabilize prices in the world’s leading cobalt-producing nation. MMG recently completed a $600… Read More Here
CNPAV Demands Fair Renegotiation of Sicomines Agreement to Protect DRC’s Interests 7 Mining in DRC Corporate News Governance 

CNPAV Demands Fair Renegotiation of Sicomines Agreement to Protect DRC’s Interests

Constance
The Congo Is Not for Sale coalition (CNPAV) is urging the Presidency, the government, Parliament, and the executive committee of the EITI-DRC to take concrete steps to reassess the Sicomines convention and its fifth amendment. The coalition calls for a fairer balance of interests between the parties by addressing structural imbalances, financial losses, and ongoing uncertainty over infrastructure funding. CNPAV reaffirms its commitment to a just renegotiation of the Sicomines contract—one that prioritizes both the short- and long-term interests of the Congolese people and ensures a fairer economic future for… Read More Here
Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board 8 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 9 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 10 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

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