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Category: Mining in DRC

DRC Govt Takes Charge of Kamoa Mining Product Sales 1 Mining in DRC Cobalt Copper Economy 

DRC Govt Takes Charge of Kamoa Mining Product Sales

Constance
The Government of the Democratic Republic of Congo (DRC) has announced its direct involvement in the sale of mining products from Kamoa, a company in which the State holds a 20% stake. This move aims to better secure national economic interests within the crucial mining sector. Kamoa’s turnover is projected to reach $3 billion, and as part of this new strategy, the Government, through the Minister of the Portfolio, will oversee the pricing and sale of mining products. Minister Jean-Lucien Bussa made this announcement during the Estates General of the… Read More Here
Miguel Kashal Highlights DRC’s Value Chain Potential at Global Citizen Forum 2 Mining in DRC Events & Expos 

Miguel Kashal Highlights DRC’s Value Chain Potential at Global Citizen Forum

Constance
The Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal, led a high-level Congolese delegation at the Global Citizen Forum, held from December 4–5, 2024, in the United Arab Emirates. The fourth edition of the forum, themed “The Future of Wealth,” gathered prominent business leaders from across the globe. As a panelist, Kashal highlighted the Democratic Republic of Congo’s (DRC) investment potential and its commitment to fostering local content development. He emphasized the vision of President Félix Tshisekedi to empower the middle class and… Read More Here
Morocco, DRC, and Zambia Collaborate to Revolutionize Africa’s Electric Mobility Industry 3 Mining in Zambia Electricity Mining in DRC 

Morocco, DRC, and Zambia Collaborate to Revolutionize Africa’s Electric Mobility Industry

Constance
Rabat – Morocco, the Democratic Republic of Congo (DRC), and Zambia have launched a groundbreaking initiative to establish a regional value chain for electric mobility in Lusaka, Zambia, aimed at transforming Africa’s automotive sector. Led by the United Nations Economic Commission for Africa (ECA) Office for North Africa, the initiative entered its second phase on December 9, with representatives from all three nations in attendance. This project aligns with Africa’s goals to promote sustainable development, reduce fossil fuel dependency, and tackle challenges such as outdated vehicle fleets and inadequate public… Read More Here
MMG Kinsevere Boosts Community Inclusion with Youth Recruitment Initiative 4 Mining in DRC 

MMG Kinsevere Boosts Community Inclusion with Youth Recruitment Initiative

Constance
MMG Kinsevere has taken a major step in advancing its community inclusion efforts by integrating 200 young people from 26 villages surrounding its mining operations into its workforce. On Wednesday, December 11, 2024, these individuals officially joined the professional sector through recruitment by Congo Astrale Company (CAC), the new security provider tasked with safeguarding the mining site. The presentation ceremony took place at the Cultural Center in Kifita village, located in the Kipushi territory’s Bukanda sector. The event was attended by officials from various entities invited by CAC. Gaunce Bupe,… Read More Here
President Tshisekedi Unveils Ambitious Rural Infrastructure Plan for 2025 5 Mining in DRC Infrastructural Development 

President Tshisekedi Unveils Ambitious Rural Infrastructure Plan for 2025

Constance
In his annual State of the Nation Address at the People’s Palace, President Félix Tshisekedi presented an ambitious plan to rehabilitate rural infrastructure in 2025. This initiative is a key component of the Local Development Program of the 145 Territories (PDL-145T). The Head of State announced plans to rehabilitate 38,000 kilometers of agricultural service roads under the PDL-145T, along with 11,423 kilometers of additional priority roads, all within a single year. “This work will be accompanied by the deployment of road brigades in each province to ensure regular maintenance,” stated… Read More Here
DRC and EU Launch Strategic Roadmap for Sustainable Development and Energy Transition 6 Mining in DRC Partnership 

DRC and EU Launch Strategic Roadmap for Sustainable Development and Energy Transition

Constance
On an official visit to Belgium for Raw Materials Week, Democratic Republic of Congo (DRC) Minister of Mines Kizito Pakabomba delivered a pivotal speech in Brussels on Wednesday, December 11, 2024. The event marked the official launch of the DRC-EU roadmap, following the signing of a Memorandum of Understanding (MoU) between the DRC and the European Union on October 26, 2023. In his address, Minister Pakabomba emphasized the importance of this strategic partnership, rooted in shared values of sustainability, transparency, and inclusive development. He reaffirmed the DRC’s commitment to playing… Read More Here
President Tshisekedi Highlights DRC's Economic Resilience Amid Global Challenges 7 Mining in DRC Economy Governance 

President Tshisekedi Highlights DRC’s Economic Resilience Amid Global Challenges

Constance
On Wednesday, addressing a joint session of parliament in Kinshasa, President Félix Tshisekedi outlined the Democratic Republic of Congo’s economic situation. Despite global economic shocks and geopolitical tensions, Tshisekedi emphasized that the country has demonstrated “exemplary” resilience and is adapting “successfully” to contemporary challenges, with promising signs of economic stability. “We are forecasting 6% growth this year, well above the 3.8% average expected for sub-Saharan Africa. Despite a slight slowdown, this result showcases our resilience to global and local challenges, providing a foundation for a more diversified, sustainable, and forward-looking… Read More Here
Glencore CEO Meets President Tshisekedi to Deepen Commitment to the DRC and Its People 8 Mining in DRC Corporate News 

Glencore CEO Meets President Tshisekedi to Deepen Commitment to the DRC and Its People

Constance
Glencore Group CEO Gary Nagle held discussions with President Félix Tshisekedi and Prime Minister Judith Suminwa in Kinshasa on Tuesday, December 10. In a press release issued after the meeting, Glencore highlighted its intention to deepen its engagement with the Democratic Republic of Congo (DRC) and its citizens, especially in communities hosting its operations at Mutanda Mining (MUMI) and Kamoto Copper Company (KCC). Gary Nagle was accompanied by senior Glencore executives, including Anne Edwards, Head of Corporate Affairs; Marie-Chantal Kaninda, Chair of Glencore DRC; and Mark Davis, Managing Director of… Read More Here
Kamoa-Kakula Achieved a Record 45,019 Tonnes of Copper in November 9 Mining in DRC Copper Economy 

Kamoa-Kakula Achieved a Record 45,019 Tonnes of Copper in November

Constance
Kolwezi, Democratic Republic of Congo – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 45,019 tonnes of copper in concentrate during the 30 days of November. The concentrators milled 1.2 million tonnes of ore at an average feed grade of 4.58% copper. Production for the year to November 30, 2024, from Kamoa-Kakula now totals 390,061 tonnes of… Read More Here
U.S. Investment Boosts Africa's Strategic Rail Link for Mining and Economic Growth 10 Mining in Zambia Angola Mining in DRC Transport and Logistics 

U.S. Investment Boosts Africa’s Strategic Rail Link for Mining and Economic Growth

Constance
The Lobito Corridor is set to become the largest American investment in African railways, according to US President Joe Biden. This strategic railway link, connecting the Democratic Republic of Congo (DRC) and Angola, is poised to transform the transportation of essential metals used in vehicle manufacturing and wind turbines from mining sites to the port. Stretching 1,344 kilometers, the Lobito Corridor is designed to facilitate the transport of critical minerals, including copper and cobalt, which are vital for the global energy transition. The DRC, responsible for 70% of the world’s… Read More Here

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