Mining in DRC - Copperbelt Katanga Mining

Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program 1

Three Congolese companies have secured subcontracting agreements under the Sino-Congolese Program, signing works contracts in Kinshasa on Wednesday, February 19, 2025, according to a press release from the Congolese Agency for Major Works (ACGT). As part of the Sino-Congolese Program, the three companies obtained subcontracting positions with the Sino-Congolese Infrastructure Company (Sisc SA). The contracts cover several key construction projects, including the University of Mbandaka, Kananga stadium, and Tshikapa airport rehabilitation. These projects will now be carried out by Congolese companies, thanks to subcontracting arrangements initiated in March 2024 following… Read More Here

Mining in DRC

Rwanda’s Illicit Exploitation of Congolese Minerals Funded by DRC’s Gold

February 26, 2025February 26, 2025 Constance

In a recent address to the Congolese diaspora in Switzerland, Minister of Communication and Media, Patrick Muyaya Katembwe, exposed how Rwanda’s budget is largely funded through the illegal exploitation of Congolese natural resources, particularly gold. Muyaya shared details from a briefing with the Minister of Mines, who highlighted how Rwanda has been plundering Congolese resources for the past three decades. “Today, half of Rwanda’s budget is financed by the illicit exploitation of our gold,” he stated. The government spokesman further emphasized that President Félix Tshisekedi’s assertion that the ongoing conflict… Read More Here

Mining in DRC Artisanal mining

Justicia ASBL Exposes Mafia-Led Illegal Mining in DRC and Collusion with Republican Guard

February 26, 2025February 26, 2025 Constance

The Justicia ASBL, an organization dedicated to human rights, humanitarian law, and development, has condemned the illegal invasion of mining concessions and the plundering of Congolese minerals by organized mafia networks involving Lebanese and Chinese expatriates, allegedly operating in collusion with elements of the Republican Guard (GR) in Haut-Katanga and Lualaba provinces. Justicia ASBL specifically highlights the Menda mining site, owned by Boss Mining, a subsidiary of the ERG Group, which complies with Congolese mining tax regulations yet remains a victim of illegal mining operations. The organization reports that Republican… Read More Here

Mining in DRC Cobalt Economy

DRC Suspends Cobalt Exports for Four Months to Stabilize Market

February 26, 2025February 26, 2025 Constance

The Democratic Republic of Congo (DRC) has announced a four-month suspension of cobalt exports to address an oversupply that has driven down global prices. The measure, which took effect on February 22, aims to align exports with global demand and stabilize the market. As the world’s leading cobalt producer, supplying about 75% of global output, the DRC has seen production surge in recent years, particularly due to increased output from major mining operations. However, this rapid growth has led to an imbalance between supply and demand, causing cobalt prices to… Read More Here

Mining in DRC New Mining Projects

Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length

February 26, 2025February 26, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced at the 34th annual Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, an update on the expansive 2024 drill campaign, as well as the 2025 exploration budget on the company’s 60%- to 100%-owned Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). Western Forelands’ 2024 drilling program was Ivanhoe’s largest to date, with over 80,000 metres of diamond drilling completed. Drilling was predominantly focused on a potential western extension along strike… Read More Here

Mining in DRC Exploration New Mining Projects

DRC Leads Africa in Mineral Exploration with $130.7 Million Attracted in 2024

February 25, 2025February 25, 2025 admin

Mining companies invested $130.7 million in exploration in the Democratic Republic of Congo (DRC) in 2024, according to a report by S&P Global Market Intelligence published on February 21, 2025. This amount represents 10% of the $1.3 billion invested in Africa that year, making the DRC the continent’s leader. These investments are unevenly distributed, with copper dominating, absorbing $71.5 million. Thanks to this performance, the DRC ranked 9th globally, slightly ahead of its African competitor, Zambia, the continent’s second-largest copper producer, which attracted $65.5 million in 2024. In the cobalt… Read More Here

Mining in DRC About Company Corporate News New Mining Projects

Ivanhoe Mines and Kamoa Copper Announces Key Appointments

February 24, 2025February 24, 2025 admin

Ivanhoe Mines Executive Co-Chair Robert Friedland announced today at the BMO Global Metals, Mining & Critical Minerals Conference key appointments to strengthen the Executive Leadership Teams of Ivanhoe Mines and the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC). Marna Cloete, currently President of Ivanhoe Mines, has been appointed as President & Chief Executive Officer, reflecting nearly two decades of experience in building the Company to become a major, diversified metals producer. At the Kamoa Copper Joint Venture, Annebel Oosthuizen has been appointed as Managing Director, replacing… Read More Here

Mining in DRC Cobalt Corporate News

Glencore Estimates $72 Billion in Reserves at Mutanda Mine in DRC

February 23, 2025February 23, 2025 Constance

In its 2024 report on reserves and resources, Swiss multinational Glencore, which specializes in the extraction and marketing of raw materials, provided projections suggesting that the Mutanda mine, located 40 kilometers from Kolwezi in the Democratic Republic of Congo (DRC), has measured copper and cobalt reserves valued at $72 billion. In the mining sector, potential resource assessments classify sites into three categories: measured reserves, which are highly reliable; indicated reserves, which are considered reliable but require further confirmation; and inferred reserves, which are less certain. Regarding Mutanda, Glencore’s latest report… Read More Here

Mining in DRC Economy

DRC Finance Minister Discusses Economic Stability with IMF Managing Director

February 23, 2025February 23, 2025 Constance

On February 19, 2025, DRC Finance Minister Doudou Fwamba Likunde Li-Botayi met with IMF Managing Director Kristalina Georgieva to discuss the implementation of the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. This meeting, held amid rising tensions in the country’s east, underscores the close link between economic progress and national stability. Minister Li-Botayi acknowledged the ongoing security and humanitarian challenges in the East but reiterated the Congolese Government’s commitment to structural reforms. These reforms focus on strengthening fiscal discipline and enhancing transparency in public finances, which… Read More Here

Mining in DRC

DRC Fights Back Against Rwanda’s Mineral Plundering

February 23, 2025February 23, 2025 Constance

As the Democratic Republic of Congo (DRC) moves to secure its mineral wealth, Rwanda continues to exploit the country’s resources through illegal extraction and exports. The Minister of Mines, Kizito Pakabomba, revealed on Tuesday, February 19, that since 2022, Rwanda has plundered and exported minerals worth approximately $500 million. Alarmingly, projections indicate that Rwanda intends to export over $2 billion worth of minerals by 2026. To counter this, the Congolese government has intensified measures to ensure that its minerals are traceable and recognized as conflict-free on international markets. “We have… Read More Here