Mining in DRC - Copperbelt Katanga Mining

Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma

March 6, 2025March 6, 2025 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

Mining in DRC Copper

Mercuria and Glencore Renew Copper Deal with Gécamines

March 6, 2025March 10, 2025 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

Cobalt Economy Mining in DRC

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

March 6, 2025March 6, 2025 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

Mining in DRC Battery Metals Governance Uranium

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

March 5, 2025March 5, 2025 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

Mining in DRC Cobalt Economy

Cobalt Prices Surge Following DRC’s Export Suspension

March 5, 2025March 5, 2025 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

Mining in DRC Gold New Mining Projects

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

February 28, 2025February 28, 2025 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

Mining in DRC Battery Metals Cobalt

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

February 28, 2025February 28, 2025 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

Mining in DRC Economy Governance

DRC Anti-Corruption Network Proposes Reductions in Govt Spending

February 28, 2025February 28, 2025 Constance

The Pan-African Anti-Corruption Network (Unis), a member of the Congo is not for Sale (CNPV) organization, has released a report proposing measures to reduce the cost of governmental institutions in the Democratic Republic of Congo (DRC). The report, published on Monday, February 24, focuses on cutting unnecessary expenses, particularly those associated with political institutions. Unis recommends the abolition of the Senate, a parliamentary institution comprising 109 senators, the honorary president, and staff, which incurs significant costs to the Congolese state despite its limited and often redundant role in the legislative… Read More Here

Mining in DRC Economy Governance

DRC Prime Minister Seeks WTO Support for Economic Transformation

February 28, 2025February 28, 2025 Constance

Prime Minister Judith Suminwa Tuluka is actively engaging in diplomatic efforts in Geneva, Switzerland, as part of her push to address the crisis in eastern DRC and advocate for stronger sanctions against Rwanda for ongoing atrocities. On the sidelines of the 58th session of the UN Human Rights Council, Prime Minister Suminwa met with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala to discuss strategies for transforming the Congolese economy and accelerating the country’s development agenda. “The DRC is at a turning point for its development,” Suminwa stated. “We need greater… Read More Here

Mining in Zambia Battery Metals Mining in DRC

India Expands Critical Minerals Hunt in Zambia, DRC, and Australia

February 28, 2025February 28, 2025 Constance

India is actively exploring critical mineral mining in Zambia, the Democratic Republic of Congo (DRC), and Australia to secure key raw materials like lithium, Mines Secretary VL Kantha Rao announced on Thursday. State-owned companies, including Coal India, NMDC, and ONGC Videsh, are involved in mineral exploration in Australia as part of India’s strategy to reduce dependence on imports, particularly for lithium—an essential component in energy transition technologies. India is still developing its lithium processing capabilities, a field currently dominated by China. Meanwhile, the Zambian government has allocated 9,000 km² for… Read More Here