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Death Penalty Imposed for Failed Coup Participants in DRC 1 Mining in DRC Governance 

Death Penalty Imposed for Failed Coup Participants in DRC

Constance
The Democratic Republic of Congo (DRC) has announced that the death penalty will be enforced for those convicted of participating in the failed coup attempt on Sunday, May 19, in Kinshasa. The attackers, dressed in military uniforms and armed, aimed to overthrow President Félix Tshisekedi. “This attempt involved foreigners and Congolese,” stated Congolese army spokesperson General Sylvain Ekenge. The acts committed by the insurgents are classified as high treason, espionage, and participation in an insurrectional movement. In response, the Congolese authorities, through a circular dated March 13, 2024, have decided… Read More Here
Nickel International Battery Metals Cobalt Lithium Nickel 

Critical Minerals Market Value Projected to Soar to $770 Billion by 2040

Constance
The market value of critical minerals is projected to rise from its current $325 billion to $770 billion by 2040 under the Net Zero Emission (NZE) scenario, which aims for carbon neutrality by 2050. This projection is part of the “Global Critical Minerals Outlook 2024,” a study released by the International Energy Agency (IEA) on May 17, 2024. The report attributes the expected increase in market value to the surging global demand for minerals essential for the energy transition, including lithium, cobalt, copper, nickel, and rare earth elements. This demand… Read More Here
ARSP promises a series of measures concerning subcontracting within the ERG Group 2 Mining in DRC Governance 

ARSP promises a series of measures concerning subcontracting within the ERG Group

Constance
A series of measures are expected to guarantee the proper functioning of subcontracting within the Eurasian Resources Group or Group (ERG).The announcement was made by the Director General of the Private Sector Subcontracting Authority ARSP), Miguel Kashal, after a working session with the CEO of the Eurasian Resources Group ERG. The announcement was made by the Director General of the Private Sector Subcontracting Authority ARSP), Miguel Kashal, after a working session with the CEO of the Eurasian Resources Group ERG. Indeed, these discussions were fruitful in having made it possible… Read More Here
DRC Government to Raise $40 Million Through US Dollar-Indexed Treasury Bonds 3 Mining in DRC Economy 

DRC Government to Raise $40 Million Through US Dollar-Indexed Treasury Bonds

Constance
The Government of the Democratic Republic of Congo (DRC) is set to raise $40 million through US dollar-indexed Treasury Bonds during an auction session on May 21, 2024. “The Ministry of Finance announces the opening of an auction of Treasury Bonds in US dollars with an auction amount of $40 million. The interest rate is capped at 10%,” stated a press release signed by Finance Minister Nicolas Kazadi. Key Details of the Financial Operation .Maturity: 15 months .Interest Payments: To be made over four periods .Submission Date: Offers must be… Read More Here
DRC Military Thwarts Coup Attempt 4 Mining in DRC Governance 

DRC Military Thwarts Coup Attempt

Constance
The Democratic Republic of Congo (DRC) military announced on Sunday that it had thwarted a violent coup attempt. This follows an armed attack on the residence of Economy Minister Vital Kamerhe, resulting in three fatalities. “An attempted coup d’état has been stopped by the defense and security forces,” stated army spokesman General Sylvain Ekenge in a televised message. He added that the attempt involved both foreign and Congolese individuals, including their leader, who have been “put out of action.” However, Ekenge did not clarify if this meant they were killed… Read More Here
Energy Deficits and Production Challenges Impact DRC's Mining Sector 5 Mining in DRC Cobalt Copper Zinc 

Energy Deficits and Production Challenges Impact DRC’s Mining Sector

Constance
From 2022 to 2023, mining production in the Democratic Republic of Congo (DRC), particularly in the Haut-Katanga province, experienced both growth and stagnation due to numerous challenges, especially the energy deficit linked to the deteriorating network of the national electricity company (SNEL). During the general and elective assembly of the Federation of Congolese Enterprises (FEC), Patrick Muland Kabey, re-elected as provincial President, acknowledged that the mining sector has seen delayed growth over the past two years. According to FEC statistics, mining products such as cobalt and copper, which are critical… Read More Here
Diamond Market Crisis Hits Mbuji-Mayi - Prices Plummet 6 Mining in DRC Diamond 

Diamond Market Crisis Hits Mbuji-Mayi – Prices Plummet

Constance
The diamond market is experiencing a dramatic downturn In Mbuji-Mayi, the capital of the Kasai-Oriental province. Recently, the price of a carat of diamond has dropped from $2 to less than $1. This significant price fluctuation in the Democratic Republic of Congo’s diamond capital is driven by the forces of supply and demand. “Prices rise with demand and the quality of the merchandise,” noted Dieudonné Kalala, president of the provincial diamond council, as reported by UN radio in the DRC. He explained that international market demands directly impact local buyers… Read More Here
Who Truly Benefits from DRC's Mineral Wealth? 7 Mining in DRC Battery Metals Cobalt Copper 

Who Truly Benefits from DRC’s Mineral Wealth?

Constance
In 2023, the Democratic Republic of Congo (DRC) ranked second globally in copper and cobalt exports, according to the Central Bank of Congo (BCC). However, this raises a critical question: who actually benefits from the DRC’s mineral wealth? To answer this, MINES.CD examined Lualaba, the world capital of cobalt and a major hub for the DRC’s mining industry. This region, part of the former Katanga province, is rich in copper and cobalt, mined by multinationals such as Sicomines, Commus, Mutanda Mining, KCC, Kamoa, Tenke Fungurume Mining, Metalkol, and Ruashi Mining.… Read More Here
Zambia's Transport Minister Announces Negotiations to Revitalize TAZARA Railway Line 8 Mining in Zambia Transport and Logistics 

Zambia’s Transport Minister Announces Negotiations to Revitalize TAZARA Railway Line

Constance
Positive developments are underway for the Tanzania-Zambia Railway Authority (TAZARA). Zambian Transport and Logistics Minister Frank Tayali announced that negotiations to revitalize TAZARA are expected to conclude by September 2024. This milestone will pave the way for a concessionaire agreement with China Civil Engineering Construction Corporation (CCECC) to recapitalize the railway authority. The announcement was made during a meeting titled “Revitalize TAZARA, Promoting China-Africa Cooperation.” This collaboration aims to breathe new life into TAZARA and enhance its role in regional cargo transportation. According to Tayali, finalizing negotiations by September will… Read More Here
Billionaire-backed KoBold, Midnight Sun team up for Zambia copper discovery 9 Mining in Zambia Copper New Mining Projects 

Billionaire-backed KoBold, Midnight Sun team up for Zambia copper discovery

Constance
KoBold Metals, a US-based startup supported by high-profile investors such as Bill Gates and Jeff Bezos, is venturing into Zambia’s rich copper belt. In February it partnered with Canada’s Midnight Sun Mining (TSXV: MMA) to explore the promising Dumbwa target within the Solwezi copper project. This strategic alliance will leverage KoBold’s advanced data science techniques and Midnight Sun’s extensive local experience. The goal is for KoBold to earn a 75% stake in the Dumbwa target by investing $15 million in exploration and making $500,000 in cash payments over 4.5 years.… Read More Here

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