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DRC Exposes Illicit Resource Exploitation by AFC-M23 Coalition 17 Mining in DRC 

DRC Exposes Illicit Resource Exploitation by AFC-M23 Coalition

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The Democratic Republic of Congo (DRC) has accused the AFC-M23 coalition of illicitly exploiting natural resources, generating over $800,000 in monthly revenues. This revelation was made by the Minister of Foreign Affairs, Thérèse Kayikwamba Wagner, during a press briefing on January 9, 2025, organized by Minister of Communication and Media, Patrick Muyaya. A report by the UN Panel of Experts, cited by Minister Kayikwamba, highlights that over 10,000 artisanal miners work in Rubaya under the coalition’s administration. Taxes are levied at rates of $7 per kilogram of coltan and $4… Read More Here
Ivanhoe Mines Launches an Offering of US$600,000,000 Senior Notes Due 2030 18 Mining in DRC Corporate News News in Brief Press Release 

Ivanhoe Mines Launches an Offering of US$600,000,000 Senior Notes Due 2030

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Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announces that it has commenced an offering (the “Offering”) of an aggregate principal amount of US$600,000,000 senior notes due 2030 (the “Notes”). The Notes will be senior unsecured obligations of the company and will be guaranteed on a senior basis by certain of the company’s subsidiaries (the “Guarantors”). In connection with the Offering, the company entered into a US$120.0 million revolving credit facility agreement dated December 22, 2024, with, amongst others, the Guarantors and the lenders named therein. The gross proceeds from the Offering… Read More Here
Tshopo Province Cracks Down on Illegal Mining Operations 19 Mining in DRC Artisanal mining 

Tshopo Province Cracks Down on Illegal Mining Operations

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The Tshopo provincial government has initiated decisive measures to address illegal mining operations, which have been rampant in the region for years. A total of 142 mining companies are reportedly operating without proper authorization, leading to significant revenue losses for the province. In a press release dated January 6, 2025, the government instructed all managers of mining and exploitation companies to register with the provincial Ministry of Mines by January 20, 2025. Companies failing to comply will face legal sanctions. Provincial Minister of Mines, Thomas Mesemo wa Mesemo, expressed frustration… Read More Here
DRC Rebels Disrupt Global Mineral Supply with Illegal Coltan Exports to Rwanda: UN Report 20 Mining in DRC Coltan 

DRC Rebels Disrupt Global Mineral Supply with Illegal Coltan Exports to Rwanda: UN Report

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Rebels in eastern Democratic Republic of Congo (DRC) illicitly exported at least 150 metric tons of coltan to Rwanda in 2023, marking the largest contamination of the Great Lakes Region’s mineral supply chain on record, according to a United Nations report. The illegal trade began after the M23 movement, a Tutsi-led rebel group allegedly supported by Rwanda, seized the Rubaya area—a region rich in minerals used in smartphones and computers—following heavy fighting in April. M23’s control of transport routes from Rubaya to Rwanda facilitated the mixing of Congolese coltan with… Read More Here
Panama opens public consultation on First Quantum mine  21 International Corporate News 

Panama opens public consultation on First Quantum mine 

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Panama’s government has kicked off a public consultation on an environmental audit of First Quantum Minerals’s (TSX: FM) Cobre Panama copper mine, which was announced in mid-2024 by then president-elect José Raúl Mulino. The Ministry of Environment (MiAmbiente) invited this week environmental organizations, local communities, academia, the private sector, and the general public to participate in the process, which will remain open until February 7. Mulino announced in July last year he would order a “strict audit” of the $10 billion mine, which was shuttered in 2023 after Panama’s Supreme… Read More Here
DRC Prime Minister Announces Temporary Suspension of Business Audits 22 Mining in DRC Economy Governance 

DRC Prime Minister Announces Temporary Suspension of Business Audits

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Prime Minister Judith Suminwa has declared a nationwide moratorium on state control missions targeting businesses, addressing concerns raised by the Federation of Congolese Enterprises (FEC) about administrative challenges during the fiscal year-end. The suspension, effective from December 16, 2024, to January 30, 2025, aims to ease pressure on businesses during this crucial period. “I have decided to grant a moratorium on all tax audits, non-tax revenue audits, and routine economic audits to allow economic operators to prepare their financial statements with peace of mind,” the Prime Minister stated in a… Read More Here
Zijin Mining to Begin Lithium Production in the DRC Amid Legal Disputes 23 Mining in DRC Battery Metals Lithium New Mining Projects 

Zijin Mining to Begin Lithium Production in the DRC Amid Legal Disputes

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China’s Zijin Mining Group Co. is set to commence lithium production in the Democratic Republic of Congo (DRC) early next year, leveraging one of the world’s largest deposits of the battery metal. Zijin is ramping up development at the Manono project in southeastern Congo, despite an ongoing legal dispute with Australia’s AVZ Minerals Ltd. AVZ has initiated arbitration against the DRC government, claiming the project’s exploration license was unlawfully reassigned. The Manono project, slated to begin production in Q1 2026, will be the first operational lithium mine in Congo, a… Read More Here
Ivanhoe Electric and BHP Launch First Survey in Arizona Under Exploration Alliance 24 International Exploration Technology & Innovation 

Ivanhoe Electric and BHP Launch First Survey in Arizona Under Exploration Alliance

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Ivanhoe Electric (NYSE American: IE, TSX: IE) has launched its inaugural geophysical survey using the advanced Typhoon data acquisition system as part of a copper exploration alliance with global mining giant BHP (ASX, NYSE: BHP). The partnership, established in May 2024, aims to uncover hidden mineral deposits across the southwestern United States. The exploration focuses on six areas of interest in Arizona, New Mexico, and Utah, spanning approximately 3,655 km². BHP has committed $15 million in funding over a three-year period, while Ivanhoe Electric will serve as the operator, deploying… Read More Here
Chile’s year-end copper windfall signals mines are recovering 25 International Copper 

Chile’s year-end copper windfall signals mines are recovering

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Chile’s copper export revenue jumped in December, despite lower prices for the metal, indicating that mines in the top-producing country extended a recovery from the lowest levels in two decades. The sales were up 10% from November and 13% compared with the same month a year earlier, at $4.66 billion, according to data released Tuesday by Chile’s central bank. The increase comes despite average monthly prices continuing to decline — to $4.16 a pound in December from a peak of $4.73 in May. Supply from a country that accounts for… Read More Here
Zambia’s Nationwide Geological Mapping Survey Progresses 26 Mining in Zambia Copper New Mining Projects 

Zambia’s Nationwide Geological Mapping Survey Progresses

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On August 14, President Hakainde Hichilema launched Zambia’s first-ever high-resolution geological mapping survey to identify areas with untapped mineral deposits. This ambitious initiative is part of the government’s strategy to boost mineral exploration and achieve the goal of producing three million tons of copper annually by 2031. The survey, which employs advanced aerial geophysical technology, has already covered significant portions of the Western and North-Western provinces. Mines Permanent Secretary Hapenga Kabeta revealed that the survey divides the country into four zones, with Zone A focusing on these two regions. “Areas… Read More Here

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