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Category: Mining in DRC

Surge in Tin Prices Boosts DRC's Export Economy 1 Mining in DRC Economy Tin 

Surge in Tin Prices Boosts DRC’s Export Economy

Constance
The Democratic Republic of Congo (DRC) has recently witnessed a significant rise in tin prices, a vital mineral for its export economy. According to the National Commission of Mercuriales, part of the Ministry of Foreign Trade, the price of tin reached $28,998 per ton between December 16 and 21, 2024, reflecting a 3.28% increase from the previous week’s price of $28,078. This upward trend in international markets could bring positive effects on the income of Congolese exporters and the overall national economy. The rise in tin prices comes amid growing… Read More Here
Tshisekedi Urges Faster Progress on Key Infrastructure Projects with Chinese Enterprises Group 2 Mining in DRC Infrastructural Development 

Tshisekedi Urges Faster Progress on Key Infrastructure Projects with Chinese Enterprises Group

Constance
On Friday, December 20, in Kinshasa, President Félix Tshisekedi held a working session with the Chinese Enterprises Group (GEC) to evaluate the progress of road construction projects under the Minerals for Infrastructure Program. The President urged his partners to accelerate the work. Freddy Shembo, Director General of the Agency for the Steering, Coordination, and Monitoring of Collaboration Conventions, briefed the press on the session’s outcome. He noted that the meeting focused on identifying necessary adjustments to expedite ongoing projects and implement effective mechanisms. “These projects are crucial for the Head… Read More Here
Apple Denies Allegations of Conflict Mineral Use, Halts Purchases from DRC and Rwanda 3 Mining in DRC 

Apple Denies Allegations of Conflict Mineral Use, Halts Purchases from DRC and Rwanda

Constance
Apple has firmly rejected allegations that it uses conflict minerals in its products, following a criminal complaint filed by the Congolese government in France and Belgium. The company stated on Tuesday that it had instructed its suppliers earlier this year to cease sourcing tin, tantalum, tungsten, and gold from the Democratic Republic of Congo (DRC) and Rwanda. This decision was reportedly prompted by escalating conflict in the region. In a statement to Reuters, Apple clarified its stance: “We require our suppliers’ smelters and refiners to stop purchasing these minerals from… Read More Here
DRC Files Criminal Complaints Against Apple Over Conflict Minerals 4 Mining in DRC 

DRC Files Criminal Complaints Against Apple Over Conflict Minerals

Constance
The Democratic Republic of Congo (DRC) has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech giant of using conflict minerals in its supply chain. Lawyers representing the Congolese government revealed the allegations to Reuters. The DRC, a significant source of tin, tantalum, and tungsten—known as 3T minerals—used in electronic devices, has long suffered from artisanal mines controlled by armed groups. These groups have been linked to atrocities, including massacres, mass rapes, and looting, as reported by UN experts and human rights organizations. Apple, which does… Read More Here
DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement 5 Mining in DRC News in Brief Partnership 

DRC and Indonesia to Sign Mining and Environmental Cooperation Agreement

Constance
The governments of the Democratic Republic of Congo (DRC) and Indonesia are set to sign a cooperation agreement in the mining and environmental sectors in the coming days. This was confirmed following a videoconference on Saturday, December 14, 2024, between DRC President Félix Tshisekedi and his newly inaugurated Indonesian counterpart, Prabowo Subianto. During the exchange, President Subianto extended an official invitation to President Tshisekedi for a state visit to Indonesia in the near future, as announced on the DRC presidency’s X account. Indonesia, a recognized leader in the mining sector… Read More Here
Molendo Sakombi Presents Draft Laws to Boost Cross-Border Oil Management with Angola and Uganda 6 Mining in DRC Oil & Gas 

Molendo Sakombi Presents Draft Laws to Boost Cross-Border Oil Management with Angola and Uganda

Constance
Last Thursday, the Minister for Hydrocarbons of the Democratic Republic of Congo (DRC), Molendo Sakombi, presented two draft laws to the National Assembly aimed at improving the management and exploitation of oil resources in cross-border areas shared with Angola and Uganda. The first draft law, signed in July 2023, addresses governance and management agreements for the common oil zone. The second draft law involves an amendment signed on October 3, 2024, between the DRC and Angola. Additionally, the second law references agreements signed with Uganda on June 23, 1990, and… Read More Here
EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector 7 Mining in DRC Oil & Gas Petroleum 

EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector

Constance
EquityBCDC has announced the second drawdown of $282 million from its landmark syndication with FirstBank DRC SA, Ecobank RDC, and Standard Bank. This initiative, in collaboration with the Congolese government, aims to finance the country’s oil debt and ensure stability in the distribution of petroleum products nationwide. Of the total drawdown, EquityBCDC contributed $156 million, building on the success of the initial $123.5 million drawdown. The effective management of the first tranche has bolstered confidence in this second phase, which is designed to support oil companies and mitigate any potential… Read More Here
DRC Orders Audits of Perenco’s Oil Operations and Environmental Impact 8 Mining in DRC Oil & Gas Petroleum 

DRC Orders Audits of Perenco’s Oil Operations and Environmental Impact

Constance
The Democratic Republic of Congo (DRC) has initiated two comprehensive audits of Perenco, the sole producer of oil in the country, based in the Kongo Central province. The audits aim to examine the company’s production activities and environmental practices. The Ministry of Hydrocarbons has tasked Alex Stewart International (ASI), a Liverpool-based auditing firm known for its rigorous reviews, with assessing Perenco’s technical and operational activities. ASI will focus on clarifying the management of Perenco’s mature onshore and offshore oil fields. In parallel, Environmental Resources Management (ERM), a specialist consultancy, has… Read More Here
DRC Advances Energy Sector with Inga II and Renewable Projects 9 Mining in DRC Hydro power plant 

DRC Advances Energy Sector with Inga II and Renewable Projects

Constance
The Democratic Republic of Congo (DRC) is taking significant steps to enhance its energy sector, with the G25 group of the Inga II Hydroelectric Power Plant set to produce an additional 1.2 million megawatt hours upon its rehabilitation. This development was highlighted by President Félix Tshisekedi during his December 11, 2024, State of the Nation address to Parliament. President Tshisekedi emphasized the centrality of energy to the country’s socio-economic transformation, stating, “Sustainable economic growth requires reliable, affordable, and sustainable access to energy. It drives raw material transformation, technological innovation, and… Read More Here
DRC Senate Approves Ratification of Lobito Corridor Agreement 10 Mining in DRC Angola Governance Mining in Zambia Transport and Logistics 

DRC Senate Approves Ratification of Lobito Corridor Agreement

Constance
The Senate of the Democratic Republic of Congo (DRC) ratified the agreement establishing the Lobito Corridor Transit Transport Facilitation Agency (AFTTCL) during a plenary session on December 2, 2024. The agreement, signed on January 27, 2023, in Lobito, Angola, involves a partnership between the DRC, Angola, and Zambia. The bill, first presented to the Senate on November 22, 2024, was referred to the “External Relations” Committee for detailed review. The committee, led by Senator Lutundula Apala Pen Apala, recommended ratification, emphasizing the corridor’s strategic importance to the DRC’s economy and… Read More Here

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