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Category: Mining Policy

Congo President heads to China amid mining contract negotiations 1 Mining in DRC Mining Policy 

Congo President heads to China amid mining contract negotiations

Copperbelt Katanga News
Democratic Republic of Congo President Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal, people with direct knowledge of the trip said. It’s the president’s first visit to the country, Congo’s biggest trading partner. The two nations did $21.7 billion of trade in 2022, according to data compiled by Bloomberg. The trip comes as Tshisekedi prepares for elections scheduled for December. Spokespeople for the president and the government didn’t respond to text messages requesting comment. China’s Foreign Ministry… Read More Here
Unleashing Africa's Resource Potential 2 Economy Mining Policy 

Unleashing Africa’s Resource Potential

Constance
According to a recent World Bank report titled “Africa’s Resource Future,” released on Friday 12th May, African countries are currently capturing only about 40 percent of the revenue they could potentially derive from their abundant natural resources. This situation is exacerbated by slow economic growth and high levels of debt. However, by adopting a better policy mix, implementing reforms, improving tax administration, and promoting good governance, these nations have the potential to more than double their revenues from minerals, oil, and gas. Full taxation of natural resources is crucial not… Read More Here
Miguel Kashal Katemb launches control in main and subcontractor companies in the DRC 3 Mining in DRC Environment Social Governance (ESG) Mining Policy 

Miguel Kashal Katemb launches control in main and subcontractor companies in the DRC

arnbethnic
The Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, has officially launched the control of the rules of subcontracting in the main and subcontracting companies. This activity comes after its announcement a few weeks ago. Through an official message, the Director General Miguel Kashal makes it known that this campaign aims to apply the vision of the Head of State in the sector, to stop the system of nominees and the end of the phenomenon of vouchers. order which are given according… Read More Here
First meeting of the National Consultation Framework of Stakeholders in the DRC Mining Sector 4 Mining in DRC Environment Social Governance (ESG) Mining Policy 

First meeting of the National Consultation Framework of Stakeholders in the DRC Mining Sector

arnbethnic
On Thursday, April 20, 2022, at the Salon Rouge of the Fleuve Congo Hotel, the Prime Minister, Jean-Michel Sama Lukonde, participated in the first meeting of the National Consultation Framework of Stakeholders in the mining sector. The Government Chief presided over the opening ceremony of this Forum on behalf of the President of the Republic, which aims to reflect on the modernization of artisanal mining in the DRC. The Forum brings together more than 150 participants who will discuss the challenges of modernizing artisanal mining in the DRC. The Presidential… Read More Here
DRC Adopts a draft decree establishing the public institution called “Inspection Générale des Mines” 5 Mining in DRC Environment Social Governance (ESG) Mining Policy 

DRC Adopts a draft decree establishing the public institution called “Inspection Générale des Mines”

arnbethnic
The Congolese government has adopted a draft decree establishing the creation, organization, and functioning of a public service called the “Inspection Générale des Mines” (IGM for short). It was presented by the Minister of Mines, Antoinette N’samba, during the 94th meeting of the Council of Ministers held on Friday, April 14, 2023. “The General Inspection of Mines” (IGM) has, among other missions, the task of combating all forms of mining fraud and smuggling, designing, implementing, and ensuring the monitoring of practical collaboration measures in the field between public services and… Read More Here
LICOCO warns of attempts to undermine revision of Chinese contract in DRC, praises IGF report on SICOMINES 6 Mining in DRC Mining Policy 

LICOCO warns of attempts to undermine revision of Chinese contract in DRC, praises IGF report on SICOMINES

Copperbelt Katanga News
The Congolese League Against Corruption (LICOCO) has issued a statement warning of the presence of individuals “clearly aligned with the Chinese cause” in the preparatory work for the revision of the Chinese contract. These individuals are suspected of working to undermine the efforts of the Democratic Republic of Congo (DRC) to reach an amendment to the SICOMINES convention, as desired by the President of the Republic and the head of state. LICOCO is an NGO that campaigns against corruption in the DRC and has praised the report of the Inspectorate… Read More Here
Cobalt Institute Meets with Deputy Minister of Mines for Honest Engagement 7 Mining in DRC Environment Social Governance (ESG) Mining Policy 

Cobalt Institute Meets with Deputy Minister of Mines for Honest Engagement

arnbethnic
The Cobalt Institute aims for a win-win partnership in the exploitation of Cobalt in the Democratic Republic of Congo mines. The importance of honest engagement with all stakeholders in the Cobalt sector was discussed during a meeting on Wednesday, March 22, 2023, at the office of the Minister of Mines, Antoinette N’Samba Kalambayi. The Deputy Minister of Mines, Godard Motemona, met with the delegation from the Cobalt Institute. According to Marina Demidova, the head of the delegation, the discussions aimed to establish a win-win partnership between the DRC and the… Read More Here
A Call to Revoke 20% Allocation to FOMIN Operating Expenses by the Afrewatch Consortium 8 Mining Policy Mining in DRC 

A Call to Revoke 20% Allocation to FOMIN Operating Expenses by the Afrewatch Consortium

Copperbelt Katanga News
The Consortium Makuta ya Maendeleo and AFREWATCH strongly recommend that the Minister of Mines revoke her Order No. 00884/CAB.MIN/MINES/01/2022 of February 8, 2022 for non-compliance with Law No. 08/0009 of July 7, 2008 on general provisions applicable to public institutions. The Consortium Makuta and AFREWATCH have become aware of the aforementioned Order determining the percentage of FOMIN resources to be allocated to its operation and organs. Both organizations note that the Order was signed in violation of Article 23 of Law No. 08/009 of July 7, 2008 on general provisions… Read More Here
China defends its mining for infrastructure project in the DRC 9 Mining Policy Mining in DRC 

China defends its mining for infrastructure project in the DRC

arnbethnic
On March 24th in Kinshasa, the Chinese side affirmed at a press conference that they had taken enormous risks and uncertainties to create a joint venture with the DRC in order to promote a mining project and an infrastructure project. This came after the General Inspection of Finance (IGF) published a report showing an imbalance in the Chinese contract between the mining and infrastructure aspects after 15 years of operation. The Chinese Ambassador to the DRC, Zhu Jing, indicated that the IGF report does not correspond to reality and would… Read More Here
Perenco Oil & Gas Environment Social Governance (ESG) Mining Policy 

Perenco under Investigation for Corruption in African Countries

arnbethnic
The French-British oil and gas company Perenco is the target of several preliminary investigations opened in France for corruption of foreign public officials, particularly in African countries where it operates, according to sources close to the investigation. As part of these procedures, the Parisian offices of the company were searched by investigators from the Central Office for the Fight against Financial and Fiscal Infractions (Oclciff), who are in charge of the investigations, these sources confirmed, corroborating information from Challenges. The sources, however, did not specify the number of investigations opened,… Read More Here

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