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Silver Prices Rise in the DRC Amid Growing Global Demand 1 Mining in DRC Economy News in Brief Silver Ore 

Silver Prices Rise in the DRC Amid Growing Global Demand

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The price of silver, a key export mineral for the Democratic Republic of Congo (DRC), rose by 3.03% between February 10 and 15, 2025, reaching USD 1.02 per gram, up from USD 0.99 the previous week, according to the Ministry of Foreign Trade. The increase reflects growing industrial demand, particularly in green technologies and electronics, where silver plays a crucial role. Additionally, global economic uncertainties and currency fluctuations have reinforced silver’s status as a safe-haven asset. As Africa’s leading silver producer, the DRC stands to benefit from higher prices through… Read More Here
Loulo-Gounkoto Overtakes Kibali as Africa’s Top Gold Mine in 2024 2 Mining in DRC Corporate News Gold 

Loulo-Gounkoto Overtakes Kibali as Africa’s Top Gold Mine in 2024

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With a production of 723,000 ounces of gold in 2024—an increase of approximately 6% from the previous year—Mali’s Loulo-Gounkoto mining complex has become Africa’s largest gold-producing mine. It surpassed the Kibali mine in the Democratic Republic of Congo (DRC), which reported a 10% decline in output to 686,000 ounces. The statistics, released on February 12, 2025, by Barrick, highlight a major shift in gold production rankings on the continent. For years, Kibali consistently outproduced Loulo-Gounkoto, but the gap has gradually narrowed. By 2024, the roles reversed, with Kibali struggling to… Read More Here
Macron Urges Immediate M23 Withdrawal as Tensions Escalate in Eastern DRC 3 Mining in DRC Regional conflict 

Macron Urges Immediate M23 Withdrawal as Tensions Escalate in Eastern DRC

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French President Emmanuel Macron has called for the immediate withdrawal of M23 rebels from Bukavu and Kavumu Airport in eastern Democratic Republic of Congo (DRC). Following a meeting with Congolese President Félix Tshisekedi on Saturday, Macron emphasized the urgent need for a ceasefire and the restoration of civilian and military authority in the city. “The M23 must immediately withdraw from Bukavu and allow the prompt return of civilian and military authorities,” Macron stated. He also insisted on the liberation of Kavumu Airport to facilitate the resumption of civilian and humanitarian… Read More Here
Angola’s President Takes AU Helm Amid Rising Regional Crises 4 Governance 

Angola’s President Takes AU Helm Amid Rising Regional Crises

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Angolan President João Manuel Gonçalves Lourenço officially assumed the rotating presidency of the African Union (AU) for 2025 on Saturday, February 15, succeeding Mauritania’s Mohamed Ould Cheikh Ghazouani. The transition took place during the opening of the 38th AU Summit at the organization’s headquarters in Addis Ababa, Ethiopia. In a formal ceremony attended by several heads of state, outgoing AU Commission Chairperson Moussa Faki Mahamat, and other dignitaries, Lourenço received the symbolic gavel from Ghazouani, signifying his leadership role at the continental level until February 2026. According to an official… Read More Here
Tshisekedi Accuses Rwanda of Fueling Conflict in Eastern DRC for Control of 3T Minerals 5 Mining in DRC Regional conflict 

Tshisekedi Accuses Rwanda of Fueling Conflict in Eastern DRC for Control of 3T Minerals

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Speaking at the Munich Security Conference on February 14, DRC President Félix Tshisekedi accused Rwanda of destabilizing eastern DRC to exploit its vast reserves of 3T minerals—tungsten, tin, and tantalum—which are critical for modern technology production. Tshisekedi denounced Rwanda’s territorial claims over parts of North and South Kivu, particularly Masisi and Rutshuru, labeling them an “aberration” aimed at justifying its ongoing illegal mining operations. He highlighted the Rubaya mine in Masisi, a key source of coltan and other 3T ores, as a primary target of Rwandan-backed forces. He further stated:… Read More Here
DRC Declares Mining Sites in North and South Kivu as High-Risk Zones 6 Mining in DRC 

DRC Declares Mining Sites in North and South Kivu as High-Risk Zones

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The Minister of Mines, Kizito Pakabombe, has issued a ministerial order, signed on February 12, 2025, classifying certain mining sites in Masisi (North Kivu) and Kalehe (South Kivu) as “Red” zones due to security concerns and illicit mineral trade. The decree cites two main reasons for this decision: Details of the Ministerial Order The reclassification follows a United Nations Group of Experts report published on December 27, 2024, which confirmed that armed groups in eastern DRC, backed by a foreign national army, are exploiting mining sites to fund their activities.… Read More Here
DRC Central Bank Reports Copper Price Rise Amid Global Trade Adjustments 7 Mining in DRC Copper 

DRC Central Bank Reports Copper Price Rise Amid Global Trade Adjustments

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The Central Bank of Congo (BCC) has released its latest economic outlook, covering the period from January 31 to February 7, 2025. The report highlights fluctuations in key commodity prices, reflecting global market dynamics and geopolitical influences. Copper prices rose to $9,412.75 per tonne, marking a 3.68% weekly increase. The report attributes this rise to improved market confidence following the U.S. administration’s decision to postpone new customs duties on imports from key trade partners, including Canada, Mexico, and China. On a year-to-date basis, copper prices have gained 7.10%. In contrast,… Read More Here
Middlemen Divert Billions from DRC’s Cobalt and Coltan Trade 8 Mining in DRC Cobalt 

Middlemen Divert Billions from DRC’s Cobalt and Coltan Trade

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The Democratic Republic of Congo (DRC), the world’s leading producer of cobalt, loses nearly $1 billion annually to illegal trade, fueling conflict and deepening poverty, according to political analyst Oluwole Ojewale of the Institute for Security Studies. The DRC supplies 70% of the world’s cobalt, essential for electric vehicle batteries and renewable energy projects. However, most of its production comes from 150,000 to 200,000 artisanal miners, with over a million people depending on their work. Operating in North and South Kivu, these miners extract minerals under harsh conditions, while middlemen… Read More Here
Barrick Gold Weighs U.S. Relocation for Greater Market Access 9 International Corporate News Gold 

Barrick Gold Weighs U.S. Relocation for Greater Market Access

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Toronto-based Barrick Gold (NYSE: GOLD; TSX: ABX) is considering relocating its corporate domicile from Canada to the United States, CEO Mark Bristow told The Globe and Mail. The move could provide greater market efficiency, attract a wider investor base, and position the company for inclusion in the S&P 500 index, triggering automatic purchases by mutual funds and exchange-traded funds. Barrick’s most significant asset is Nevada Gold Mines, a joint venture with Newmont (TSX: NGT; NYSE, ASX: NEM), in which Barrick holds a 61.5% stake. It is the world’s largest gold-producing… Read More Here
Peru’s Copper Output Declines for First Time in Four Years 10 Copper International 

Peru’s Copper Output Declines for First Time in Four Years

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Peru’s copper production in 2024 totaled 2,736,150 metric tons, marking a 0.7% decline from 2023, according to the country’s mining ministry. This drop ends four consecutive years of post-pandemic recovery. Industry analysts had anticipated stable production of around 2.8 million metric tons for both 2024 and 2025, citing declining ore grades and a lack of new projects. The Democratic Republic of the Congo surpassed Peru as the world’s second-largest copper producer in 2023, though Congo has yet to release its full-year figures for 2024. Despite the overall decline, Peru’s copper… Read More Here

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