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Category: Mining in DRC

DRC Govt Gains 100% Control of Primera Gold DRC SA 1 Mining in DRC Gold 

DRC Govt Gains 100% Control of Primera Gold DRC SA

Constance
The Congolese government has regained full ownership of Primera Gold DRC SA, acquiring all shares held by its former Emirati partner, Primera Group Limited. This strategic move aims to position the Democratic Republic of Congo (DRC) as the leading exporter of gold from artisanal and small-scale mining, ensuring greater benefits for local communities impacted by mining activities. The transition also involved a redistribution of shares within the company, now renamed DRC Gold Trading SA. The Congolese state holds a 55% majority stake, while Gécamines and the Mining Fund for Future… Read More Here
DRC Poised to Capitalize on Germanium Market Amid China’s Export Ban 2 Mining in DRC Economy 

DRC Poised to Capitalize on Germanium Market Amid China’s Export Ban

Constance
China’s recent ban on exporting germanium to the United States has positioned the Democratic Republic of Congo (DRC) as a potential key player in the global market for this critical metal. Analysts suggest the DRC could leverage this opportunity to expand its influence and meet rising international demand. With a production plant launched in Lubumbashi in 2023, the DRC is targeting an annual output of 30 tonnes of germanium. State-owned mining company Gécamines is driving this initiative, aspiring to position the DRC as a viable alternative to China in the… Read More Here
Zambia-DRC Officials Visit Kamoa Copper to Advance Development 3 Mining in DRC Copper Mining in Zambia 

Zambia-DRC Officials Visit Kamoa Copper to Advance Development

Constance
On Thursday, November 21, 2024, Kamoa Copper SA welcomed Zambia’s Minister of Infrastructure, Housing, and Urban Development, Engineer Charles Milupi, alongside Her Excellency the Governor of Lualaba, Madam Fifi Masuka Saini. They were accompanied by the Provincial Minister of Infrastructure, Mr. Moise Mukepe Kahilu, and a delegation of Congolese and Zambian officials during a significant site visit. The visit coincided with the signing of a memorandum of understanding (MoU) between Zambia and the Democratic Republic of Congo (DRC) for the construction of the 145-kilometer Kolwezi–Lumwana road. This crucial infrastructure project… Read More Here
DRC Considers Mineral Management for Energy Transition and 2050 Emergence 4 Mining in DRC Cobalt Copper 

DRC Considers Mineral Management for Energy Transition and 2050 Emergence

Constance
From December 3 to 5, 2024, the government of the Democratic Republic of Congo (DRC), mining companies, and civil society convened in Kinshasa to discuss strategic actions for the country’s emergence by 2050, focusing on its critical minerals essential to the global energy transition. These include copper, cobalt, lithium, iron, nickel, manganese, germanium, tantalum, tungsten, tin, rare earths, phosphates, and geothermal deposits. The Ministry of Mines and the Resource Matters organization organized this forum to gather input from diverse stakeholders, contributing to the Congolese government’s development of a strategic plan… Read More Here
Biden Announces $600 Million in New Financing for African Railway Infrastructure 5 Transport and Logistics Angola Infrastructural Development Mining in DRC Mining in Zambia 

Biden Announces $600 Million in New Financing for African Railway Infrastructure

Constance
President Joe Biden is concluding his trip to Angola with a significant announcement of $600 million in new financing for a multi-country railway, a move aimed at boosting U.S. investment in critical minerals infrastructure across Africa and countering China’s growing influence on the continent. This latest announcement builds on the $553 million pledged earlier this year by the U.S. International Development Finance Corporation (DFC) for the Lobito Trans-Africa Corridor, which will connect the Central African copperbelt to the Angolan coast. The new funding will support not only rail infrastructure but… Read More Here
President Biden visits Lobito Atlantic Railway to view copper exports to the USA 6 Transport and Logistics Angola Mining in DRC Mining in Zambia Press Release 

President Biden visits Lobito Atlantic Railway to view copper exports to the USA

Constance
Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC).  The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the Lobito Corridor in linking Southern Africa and international markets. Nicolas Gregoir, Director of Operations (COO) at LAR, presented to… Read More Here
DRC’s Vast Mineral Wealth Faces Control and Benefit Challenges Amid Global Energy Transition 7 Cobalt Events & Expos Lithium Mining in DRC 

DRC’s Vast Mineral Wealth Faces Control and Benefit Challenges Amid Global Energy Transition

Constance
The Democratic Republic of Congo (DRC) is one of Africa’s most mineral-rich nations, boasting vast reserves of essential resources like lithium and cobalt—key components in batteries that are critical for the global transition to renewable energy. Despite this enormous potential, the DRC struggles to exercise full control over its mineral wealth or reap significant benefits from its exploitation, largely dominated by multinational corporations such as CMOC, Glencore, and Zijin. These concerns were highlighted by Faustin Biringanine, Director General of the Mining Fund for Future Generations (FOMIN), during the panel titled… Read More Here
DRC Minister of Mines Champions Manono’s Mining Potential 8 Lithium Mining in DRC 

DRC Minister of Mines Champions Manono’s Mining Potential

Constance
The Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, recently visited Manono in Tanganyika Province as part of efforts to advance the country’s mining sector. This visit highlights the DRC’s strategic collaboration with Manono Lithium, a leading company in lithium extraction, a vital resource for the global energy transition. Upon his arrival, the Minister was warmly welcomed by the local community. Children presented him with bouquets of flowers and released a dove, symbolizing peace and hope for a region striving toward prosperity. A key moment of the visit… Read More Here
Revolutionizing Copper Mining: DGC MetPro Solutions Transforms Operations in the Copperbelt 9 Sponsored Content Mining in DRC Mining in Zambia 

Revolutionizing Copper Mining: DGC MetPro Solutions Transforms Operations in the Copperbelt

arnbethnic
In the mineral-rich heart of Africa’s Copperbelt, stretching across the Democratic Republic of Congo (DRC) and Zambia, a new chapter in copper mining is being written. At the forefront of this transformation stands DGC AFRICA, through its specialized division DGC MetPro Solutions. This innovative entity is reshaping the landscape of copper extraction with its state-of-the-art Metallurgical, Process, Asset Management, and Optimization Solutions, meticulously crafted to address the unique challenges of the region. At the heart of DGC MetPro Solutions’ success lies a powerful network of strategic partnerships and a team… Read More Here
World Bank Announces $300 Million Project for the Lobito Corridor 10 Transport and Logistics Angola Mining in DRC Mining in Zambia 

World Bank Announces $300 Million Project for the Lobito Corridor

Constance
The World Bank is preparing a $300 million project for the Lobito Corridor, according to Victoria Kwakwa, the institution’s Vice President for Eastern and Southern Africa. She emphasized that participating countries must create favorable conditions for foreign investment. “The three countries involved must also focus on improving connectivity. Each must establish conditions to boost trade, address regulatory barriers, and develop infrastructure that enhances regional connectivity. This will enable the region to become a hub of commerce and development,” Kwakwa stated, as reported by Lusa. Highlighting the strategic importance of the… Read More Here

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