Mining Policy - Copperbelt Katanga Mining

Mali’s New Mining Code reinforces State participation

August 31, 2023August 31, 2023 Constance

Mali’s interim President, Assimi Goita, has promulgated a new Mining Code that will allow the military-led government to increase ownership or shareholder control of gold concessions and recover what it declares to be a large shortfall in production revenues. The new code, signed on state television on Monday night, will allow state and local investors to take up to 35 percent stakes in mining projects, up from 20 percent today, and could more than double the contribution of the sector to the Gross Domestic Product, to around 20 percent, indicated… Read More Here

Mining in DRC Cobalt Gold Mining Policy

DRC MP Alfred Maisha Raises Concerns Over Primera Gold Deal

August 25, 2023August 25, 2023 Constance

The exorbitant advantages granted by the Democratic Republic of Congo’s government to “Primera,” a United Arab Emirates mining company, continue to stir reactions within the Congolese socio-political sphere nearly a year after the agreement’s signing. In response, National Deputy Alfred Maisha has submitted a written inquiry to the National Assembly, addressing three government members: Adèle Kayinda, Minister of State for the Portfolio; Antoinette N’Samba, Minister of Mines; and Nicolas Kazadi, Minister of Finance. Maisha, representing Bukavu, finds the advantages and monopoly granted to Primera unacceptable, as they undermine Congolese companies’… Read More Here

Mining in DRC Governance Mining Policy

Miguel Kashal assures Lualaba of ARSP’s collaboration with all local services

August 13, 2023August 13, 2023 arnbethnic

The Authority for Regulation of Subcontracting in the Private Sector (ARSP) is preparing to conduct an inspection in the Lualaba province. In anticipation of this imminent inspection to ensure compliance with subcontracting rules in all sectors of the economy in this province, the Director General of ARSP, Miguel Kashal Katemb, reassures the provincial government of Lualaba about the excellent collaborative relationships between the provincial branch of this public institution and the provincial services. He stated this after a meeting with the Provincial Commissioner in charge of Small and Medium Enterprises,… Read More Here

Mining in DRC Gold Mining Policy

Kibali Gold Mines is among the best students who respect the DRC’s law on subcontracting- Louis Watum

June 18, 2023June 18, 2023 arnbethnic

The issue of subcontracting was at the heart of a special session during the opening ceremony of the 18th edition of DRC Mining Week, on Wednesday June 14, 2023, in Lubumbashi. Keynote speaker for this session, Louis Watum, President of the Chamber of Mines of the Federation of Companies of Congo, cited Kibali Gold Mines among the best students who apply subcontracting in the Democratic Republic of Congo (DRC). Indeed, this mining company has been able to create wealth by promoting the emergence of a real middle class in the… Read More Here

Mining in DRC Diamond Mining Policy

DRC Minister of Finance questioned on “blocking” of the disbursement of credits allocated to the revival of MIBA

June 5, 2023June 5, 2023 arnbethnic

Deputy Éric Ngalula Ilunga tabled, this Monday, May 29 at the office of the National Assembly, an oral question with debate addressed to Nicolas Kazadi, Minister of Finance on the “blocking” of the disbursement of credits allocated in the 2021 finance laws , 2022 and 2023 for the revival of the activities of the Minière de Bakwanga (MIBA). For this elected official, the revival of this company was also a campaign promise of the candidate President Félix Tshisekedi. It is inconceivable that the UDPS in power, this company is still languishing,… Read More Here

Mining in DRC Mining Policy Oil & Gas

CNPAVa a Congolese NGO Condemns Minister of Hydrocarbons for Illicit Oil and Gas Deals

June 4, 2023June 4, 2023 Constance

The Congo N’est Pas à Vendre (CNPAV) coalition has strongly criticized Minister of Hydrocarbons, Didier Budimbu, accusing him of maintaining a lack of transparency in the selection process for certain oil blocks. These concerns were expressed during a press conference held in Kinshasa on Friday, June 2. In response, the CNPAV has called on the government to prioritize complete transparency to prevent costly errors that have significant financial implications for the country due to opaque practices. Congo Not For Sale has identified four (4) irregularities in the process of awarding… Read More Here

Mining in DRC Mining Policy

CNPAV a Congolese NGO has questioned the many advantages granted to Primera Gold and Primera Metals

June 4, 2023June 4, 2023 arnbethnic

Félix Tshisekedi during the signing of the contract that led to the creation of the companies Primera Gold DRC (gold) and Primera Metals DRC (3T). Third-Party Rights. BY DESKECO – 04 JUNE 2023 09:19, IN NEWS During its press conference held on Friday June 2 in Kinshasa, Congo N’est Pas à Vendre (CNPAV) congratulated the Congolese government for the publication of the Partnership Contract on the creation of the companies Primera Gold and Primera Metals. However, the coalition also called on the government to disclose the full list of the beneficial owners of… Read More Here

Mining in DRC Mining Policy

DRC Government promises drastic measures against fraud at border posts

June 4, 2023June 4, 2023 arnbethnic

The Prime Minister, Jean-Michel Sama Lukonde Kyenge, chaired, this Wednesday, May 31, 2023, the traditional meeting of the Economic Situation Committee which reviewed several issues related to the smooth running of the country on the socio-economic level for the week of May 22 to 26, 2023. In addition to the prices of goods and services on the markets and the exchange rate which have remained more or less stable as well as the foreign exchange reserves which have held up well, the Deputy Prime Minister, Minister of the National Economy,… Read More Here