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Category: Mining Policy

The danger of gold mining in the Garamba National Park was discussed in a meeting with the DRC Vice-Minister of Mines 1 Mining in DRC Gold Mining Policy 

The danger of gold mining in the Garamba National Park was discussed in a meeting with the DRC Vice-Minister of Mines

Copperbelt Katanga News
The delegation, composed of the Belgian ambassador to the DRC, Jo Indekeu, and François-Xavier De Donnea, a Belgian State Minister and Chairman of the Board of Directors of the Garamba National Park, alerted the ministry to the “anarchic and illegal” development of gold mining in the Garamba National Park in Haut-Uélé. The delegation showed Godard Motemona the dangers of gold mining around the Garamba National Park. “I came to alert the minister about the anarchic development of their gold mining at the southern boundary of the Garamba National Park. This… Read More Here
Congolese officials implicated in overcharging infrastructure works in the Chinese Infrastructure for Minerals contract 2 Mining in DRC Mining Policy 

Congolese officials implicated in overcharging infrastructure works in the Chinese Infrastructure for Minerals contract

arnbethnic
The overcharging of infrastructure works noted in the 2008 agreement between the Government of the Democratic Republic of Congo (DRC) and the group of Chinese companies formed by China Airways Corporation and Synohydro is believed to be the work of Congolese officials.According to sources close to the matter, the leaders of the Congolese Agency for Major Works (ACGT) and Moïse Ekanga, former coordinator and supervisor of the famous “mines for infrastructure” contract, are implicated in this affair. In addition, the Chinese companies have agreed to revisit the Convention to correct… Read More Here
Stable Policy Attracts Mining Investment In Zambia- First Quantum Minerals 3 Mining in Zambia Mining Companies Mining Policy 

Stable Policy Attracts Mining Investment In Zambia- First Quantum Minerals

Constance
Zambia’s stable and consistent policies have sparked a resurgence in direct foreign investment, according to the nation’s largest mining company, First Quantum Minerals (FQM). “We’re now responding to the incentives, stability and consistency of policy. Mines can now seek capital whether it’s self-generated or from the wider international financial institutions,” said FQM’s Kansanshi Mining Corporate Affairs Manager Kyansenga Chitoshi, speaking on a panel of multi-industry representatives at a dissemination workshop on the key findings of the government’s 2022 Foreign Private Investment & Investor Perspective Survey. The survey is released by… Read More Here
Good governance of FOMIN can promote the mobilization of revenues up to 100 million USD per year, for future generations - Gérard Ntambwe 4 Mining in DRC Mining Policy 

Good governance of FOMIN can promote the mobilization of revenues up to 100 million USD per year, for future generations – Gérard Ntambwe

arnbethnic
The Mining Funds for Future Generations (FOMIN) was among the topics discussed during the second day of the “mines and hydrocarbons week” organized by civil society, grouped within a synergy of action for the protection, monitoring and citizen control of the natural resources of the Democratic Republic of Congo. Gérard Ntambwe, expert and consultant in natural resources, explained to members of civil society the importance of this fund set up by the legislator of the revised mining code in 2018. “Mineral resources are exhaustible and non-renewable. It is for this… Read More Here
Mining cooperatives in Haut-Katanga, denounce the invasion of their sites 5 Mining in DRC Environment Social Governance (ESG) Mining Policy 

Mining cooperatives in Haut-Katanga, denounce the invasion of their sites

arnbethnic
Artisanal miners in Haut-Katanga have been denouncing the invasion of their mining sites for nearly a month. However, they specify, they hold contracts of these mining squares in good and due form. In an update made on Saturday in Lubumbashi, the Fundi Mining company, for example, located near Mwandigusha, nearly 70 kilometers from the town of Likasi, said it was surprised by the presence of a strong team of soldiers and police sent and explaining that they came on behalf of the provincial Ministry of Mines in Haut-Katanga, and invaded this… Read More Here
Glencore reaches agreement with the Democratic Republic of Congo over past conduct 6 Environment Social Governance (ESG) Governance Mining Policy 

Glencore reaches agreement with the Democratic Republic of Congo over past conduct

arnbethnic
Glencore has reached an agreement with the Democratic Republic of Congo (“DRC”) covering all present and future claims arising from any alleged acts of corruption by the Glencore Group in the DRC between 2007 and 2018 (“Agreement”). This includes activities in certain Group businesses that have been the subject of various investigations by, amongst others, the United States Department of Justice (“DOJ”) and the DRC’s National Financial Intelligence Unit and Ministry of Justice. Under the Agreement, Glencore International AG, on behalf of its Congolese-associated companies, will pay the DRC US$180… Read More Here
Coltan ore1 Mining in DRC Coltan Environment Social Governance (ESG) Mining Policy 

UC SAS denounces a mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite, perpetrated in Manono and Malemba-Nkulu in DRC

arnbethnic
A mining fraud of more than 60 tons of coltan and cassiterite, valued at more than 10 million USD, would be perpetrated in the territories of Manono and Malemba-Nkulu, in the provinces of Haut Lomami and Tanganyika. This is what the company United Cominiere SAS denounces in its press release published on Tuesday, October 22, 2022.   This company accuses a certain Hadley Nathus and a Canadian subject named Eric Allard (chairman and CEO of the company TANTALEX) who, acting in complicity with the leaders of COMINIERE, would be in collusion with… Read More Here
Kinsevere - Arbitration Procedure Update (News Release) 7 Mining in DRC Governance Mining Policy 

Kinsevere – Arbitration Procedure Update (News Release)

arnbethnic
MMG Limited has initiated arbitration proceedings against La Générale des Carrières et des Mines S.A. (GECAMINES) in front of the International Chamber of Commerce (ICC). The company announced its submission to ICC on Friday, October 21, 2022. The action follows previous updates concerning incidents on its Sokoroshe Il and Nambulwa mining concessions in the Democratic Republic of the Congo (DRC): MMG holds existing mining contracts with Gécamines, both for Sokoroshe II and Nambulwa, registered with the official mining register. Sokoroshe II and Nambulwa were occupied by the armed forces and… Read More Here
Kamoa Copper SA Advocates for Transportation Diversification 8 Mining in DRC Mining Policy 

Kamoa Copper SA Advocates for Transportation Diversification

Johannsen
The mining company Kamoa Copper SA operating in the province of Lualaba took part in the forum on the evaluation of the revised mining code of 2018 organized by the chamber of mines of the federation of companies of Congo (FEC) which was held in Kinshasa for 3 days, from Wednesday 18 to Thursday 20 October 2022.At the end of the last day of these meetings, Ben Munanga, Chairman of the Board of Directors of Kamoa, confided to MINES.CD a certain number of difficulties encountered by miners in the DRC.… Read More Here
Mining Code Review Forum: FEC Chamber of Mines recommends removal of redundant taxes 9 Mining in DRC Governance Mining Policy 

Mining Code Review Forum: FEC Chamber of Mines recommends removal of redundant taxes

arnbethnic
The Chamber of Mines of the Federation of Enterprises of Congo (FEC) closed, on Thursday, October 20, 2022, in Kinshasa, a mining forum focused on the theme: “Mining activity in the DRC and its challenges: evaluation of the revised Mining Code of 2018”. At the end of this meeting, several recommendations were made by the four commissions set up for this purpose. These are the Mining Law Commission; the Energy, Transport and Logistics Commission; and the Taxation and Customs Commission. First: Mining Law Commission At this level, six problems have been identified: –… Read More Here

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