Breaking News
FEC Challenges DGDA Crackdown on Artisanal Cobalt Exports in Lualaba 22 Mining in DRC Artisanal mining Cobalt 

FEC Challenges DGDA Crackdown on Artisanal Cobalt Exports in Lualaba

Constance
In Lualaba province, the Business Federation of Congo (Fédération des Entreprises du Congo — FEC) is contesting recent enforcement actions by the Directorate General of Customs and Excise (DGDA), calling them “irregular” and potentially harmful to the province’s investment climate. In a letter dated May 5, 2025, addressed to DGDA Director General Bernard Kabese Musangu, FEC’s provincial president, Germain Pungwe Mabwe, criticized the DGDA’s decision to open proceedings against member companies involved in the processing and export of cobalt sourced from artisanal mining. These companies have received official statements of… Read More Here
DRC Takes Center Stage at Cobalt Institute’s 2025 Conference in Singapore 23 Mining in DRC Events & Expos 

DRC Takes Center Stage at Cobalt Institute’s 2025 Conference in Singapore

Constance
The Democratic Republic of Congo (DRC) is actively participating in the 8th Annual Cobalt Institute Conference, which opened on Wednesday in Changi, Singapore. The high-profile event, which brings together global leaders in the cobalt industry, concludes on Thursday, May 15. The opening ceremony featured remarks by Dinah McLeod, Director of the Cobalt Institute, who welcomed official delegations—including those from the DRC and Indonesia—and expressed her gratitude for their participation, calling their presence an “honor” for the Institute. Amid ongoing geopolitical tensions and market volatility since the beginning of the year,… Read More Here
U.S. Partners with Rwanda to Secure Strategic Tin Supply Amid Rising Geopolitical Risks 24 Tin Mining in DRC Regional conflict 

U.S. Partners with Rwanda to Secure Strategic Tin Supply Amid Rising Geopolitical Risks

Constance
Amid rising geopolitical tensions and the growing global demand for critical minerals, the United States has announced a strategic partnership with Rwanda to secure direct access to tin—an essential metal for the electronics and renewable energy sectors. On Tuesday, a letter of intent was signed between the U.S. government, Trinity Metals (which operates in Rwanda), and Nathan Trotter & Co., a major U.S.-based tin supplier. The agreement aims to establish a direct and reliable tin supply chain between Rwanda and the American market. This initiative is part of Washington’s broader… Read More Here
U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor 25 Transport and Logistics Angola Mining in DRC Mining in Zambia 

U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor

Constance
The United States has announced the mobilization of nearly $6 billion to support the development of the Lobito Corridor—a key transport infrastructure project linking Angola, the Democratic Republic of Congo (DRC), and Zambia. The announcement was made on Saturday, May 10, 2025, by the U.S. State Department via its official account on the social platform X (formerly Twitter). The funding is designated for the development and construction of the Lobito Corridor, which aims to connect southern DRC and northwestern Zambia to the Atlantic port of Lobito in Angola. The corridor… Read More Here
DRC to Overhaul Petroleum Code in Bid to Attract Global Investors 26 Oil & Gas Mining in DRC 

DRC to Overhaul Petroleum Code in Bid to Attract Global Investors

Constance
In an interview with Jeune Afrique, Democratic Republic of Congo’s Minister of Hydrocarbons, Aimé Sakombi Molendo, announced that the country will undertake a complete revision of its Petroleum Code. According to him, the reform proposal will be submitted to the Council of Ministers within the next three months before being forwarded to Parliament for approval. Explaining the need for this reform, the Minister cited the failure of the oil block tender launched on July 28, 2022, which offered 27 petroleum blocks. The current code’s tax regime was deemed unattractive. Other… Read More Here
UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration 27 Transport and Logistics International 

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

Constance
The United Kingdom’s Ambassador to Angola, Bharat Joshi, has described the Lobito Corridor as a key infrastructure project for Angola’s economic growth and Southern Africa’s regional integration. Speaking on Wednesday in Luanda during the Angola–UK Business Forum, the diplomat highlighted the project’s transformative potential for millions living in historically underserved regions. “After visiting Benguela three times and meeting various partners in Lobito, I came to understand the true scale of the Corridor and its potential impact on the country’s future,” Joshi said. He emphasized that the Lobito Corridor stands out… Read More Here
Lobito Corridor Investment Opportunities Presented in Huambo 28 Transport and Logistics International 

Lobito Corridor Investment Opportunities Presented in Huambo

Constance
Angola’s Ministries of Transport and Planning joined forces to host a seminar last Friday in the city of Huambo, aimed at showcasing the investment potential and opportunities along the Lobito Corridor. Held at the Manuel Rui Monteiro Cultural Center, the event focused on presenting the Railway Branch Line and Freight Terminal Project of the Caála Logistics Platform. It brought together local entrepreneurs from various sectors, including agriculture, livestock, transport, and construction. During the seminar, Adriana Penha, Contract Manager of the Caála Logistics Platform, emphasized that the meeting served as a… Read More Here
Barrick Begins Trading Under Symbol ‘B’ on NYSE to Reflect Gold-Copper Growth Strategy 50 International Corporate News Gold 

Barrick Begins Trading Under Symbol ‘B’ on NYSE to Reflect Gold-Copper Growth Strategy

Constance
Barrick Gold Corporation, dual-listed in the U.S. and Canada, has officially begun trading under the single-letter ticker symbol ‘B’ on the New York Stock Exchange (NYSE), marking a significant milestone in the company’s evolution. To commemorate the occasion, Barrick President and CEO Mark Bristow rang the NYSE opening bell on Friday. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development, and mining company,” said Bristow. “Alongside our world-class portfolio of six Tier 1 gold mines, we are building a significant copper business that will drive… Read More Here
EU Reaffirms Support for Peace and Humanitarian Efforts in the DRC 51 Mining in DRC 

EU Reaffirms Support for Peace and Humanitarian Efforts in the DRC

Constance
On Wednesday, April 30, 2025, Prime Minister Judith Suminwa Tuluka met with Mr. Johan Borgstam, the European Union’s Special Representative for the Great Lakes Region, at her office in Kinshasa. Their discussion focused on the EU’s continued support for humanitarian efforts and the peace processes currently underway in the Democratic Republic of Congo (DRC). “It was a very warm exchange,” said Mr. Borgstam. “We discussed the European Union’s support for humanitarian operations in eastern DRC, ongoing peace initiatives, and development cooperation projects. The EU has already delivered more than 100… Read More Here

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