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Congolese Mining Sector in Focus at France-DRC Investment Roundtable 21 Mining in DRC 

Congolese Mining Sector in Focus at France-DRC Investment Roundtable

Constance
During the investment roundtable between France and the Democratic Republic of Congo (DRC) in Paris on April 30, 2024, the Congolese mining sector took center stage. Mr. MABOLIA, Director General of the Mining Cadastre, outlined measures ensuring investment security, exploitation permit procedures, and the benefits of local mineral processing. This event, held alongside President Félix-Antoine Tshisekedi’s official visit to Paris, was organized in collaboration with the Ministries of Economy and Finance and Europe and Foreign Affairs. It marks a significant step in bolstering Franco-Congolese economic relations, following the Kinshasa Economic… Read More Here
Macron and Tshisekedi Discuss Bilateral Cooperation and Security 22 Mining in DRC Governance 

Macron and Tshisekedi Discuss Bilateral Cooperation and Security

Constance
Following their meeting at the Élysée Palace, Presidents Emmanuel Macron and Félix Tshisekedi held a joint press briefing, focusing on bilateral cooperation and security concerns in eastern Democratic Republic of Congo (DRC). President Macron affirmed France’s unwavering commitment to the DRC’s integrity, condemning aggression and urging Rwanda to halt support for the M23 rebel group. He emphasized France’s support for strengthening the DRC’s sovereignty and echoed the need for de-escalation, backing the Luanda Process. President Tshisekedi expressed optimism, highlighting France’s crucial role in seeking peace. He appreciated France’s increased dedication… Read More Here
FEC Rejects ARSP's Request for Telecommunications Subcontractor List 23 Mining in DRC 

FEC Rejects ARSP’s Request for Telecommunications Subcontractor List

Constance
The Federation of Congolese Companies (FEC) has refused to comply with a recent request from the Regulatory Authority for Subcontracting in the Private Sector (ARSP). The request, dated April 24, sought a partial list of ten subcontractors in the telecommunications sector for recommendation to major companies in the industry. In a press release issued on April 29 and received by Actualité.cd, FEC stated that ARSP’s request lacks legal or regulatory backing. The FEC cited specific regulatory provisions governing subcontracting activities, including Article 5 of the decree establishing ARSP’s functions and… Read More Here
President Tshisekedi Promotes Business Climate at France-DRC Forum 24 Mining in DRC Governance News in Brief 

President Tshisekedi Promotes Business Climate at France-DRC Forum

Constance
During his Paris visit, President Félix Tshisekedi addressed French businessmen at the Mendès-France Conference Center, emphasizing the direct link between the business climate unit and the Presidency of the Republic to ensure prompt responsiveness. Anthony Kinzo, Director General of the National Agency for the Promotion of Investments (ANAPI), highlighted the DRC’s progress, including the removal of 16 taxes as part of an emergency plan initiated in 2023 to enhance the business environment. The France-DRC Business Forum, organized by Medef, prioritizes strategic minerals, energy, and infrastructure development, crucial sectors for the… Read More Here
President Tshisekedi Raises Concerns Over EU-Rwanda Mining Agreement 25 Mining in DRC Governance 

President Tshisekedi Raises Concerns Over EU-Rwanda Mining Agreement

Constance
During a book presentation at the Collège des Bernardins in Paris, President Félix Tshisekedi voiced strong criticism against a recent Memorandum of Understanding (MoU) on critical raw materials signed between Rwanda and the European Union. The event, held on April 29, showcased Tshisekedi’s book “For a Congo Found,” which outlines his vision for a sovereign and prosperous Congo. Tshisekedi expressed appreciation for France’s support in stabilizing the Great Lakes region but expressed confusion over the EU’s decision to engage in mining partnerships with Rwanda. He emphasized concerns that such partnerships… Read More Here
Epiroc Finalizes Acquisition of Top South African Rock Drilling Parts Manufacturer 26 International Mergers & Acquisitions Mining Equipment 

Epiroc Finalizes Acquisition of Top South African Rock Drilling Parts Manufacturer

Constance
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of the business of Weco Proprietary Limited, a South African manufacturer of precision-engineered rock drilling parts and provider of related repairs and services.  Weco is based near Johannesburg, South Africa. The company, which has more than four decades of industry experience, has about 80 employees and had revenues in the fiscal year ending May 31, 2023, of about MZAR 160 (MSEK 90). Weco’s customers are mainly underground mining companies in the… Read More Here
Glencore Mulls Approach for Anglo American, Igniting Speculation of Bidding War 27 International 

Glencore Mulls Approach for Anglo American, Igniting Speculation of Bidding War

Constance
Sources reveal that commodities giant Glencore is considering a potential bid for Anglo American, a move that could trigger a competitive takeover battle for the 107-year-old mining firm. According to insiders, Glencore has yet to initiate discussions with Anglo, with internal deliberations still in early stages and no guarantee of a formal approach. While declining to comment on market speculation, a Glencore spokesperson refrained from confirming or denying the reports. The development comes after Anglo rejected a $39 billion all-stock offer from BHP, prompting speculation of potential rival bids. BHP’s… Read More Here
Anglo CEO meets South Africa's mines minister after BHP's takeover proposal 28 International 

Anglo CEO meets South Africa’s mines minister after BHP’s takeover proposal

Constance
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters. BHP, the world’s biggest-listed mining group, is privately talking to investors as it weighs up its next move after Anglo’s rejection of its initial proposal. Commodities giant Glencore is also studying an approach for Anglo, sources told Reuters, a development that could spark a bidding war for the 107-year old mining company. Anglo declined to comment on the meeting with Mantashe.… Read More Here
President Tshisekedi calls for sanctions against Rwanda During visit to Germany 29 Mining in DRC Governance 

President Tshisekedi calls for sanctions against Rwanda During visit to Germany

Constance
After a two-hour tête-à-tête between President Félix Tshisekedi and Federal Chancellor Olaf Scholz on Sunday in Berlin, Germany, their respective delegations held a working meeting during which they discussed economic cooperation and the security crisis in the eastern Democratic Republic of Congo (DRC). “The Germans reaffirmed their commitment to the sovereignty of the DRC and denounced the Rwandan military presence on Congolese territory. We insisted that declarations are good, but action is even better,” said Christophe Lutundula, Deputy Prime Minister (VPM), Minister of Foreign Affairs. According to Lutundula, “we need… Read More Here
Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya 30 Mining in DRC Cobalt Coltan Regional conflict Tin 

Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya

Constance
Opposition figure Martin Fayulu has condemned the presence of the Rwandan army alongside M23 militants in the mining town of Rubaya, located in the Masisi territory of North Kivu province. Fayulu, expressing his criticism via his X account, accused the Rwandan M23 army of controlling Rubaya, suggesting Rwanda’s increased access to Congolese coltan. Amidst this, Fayulu highlighted the plight of Congolese citizens affected by floods in Kalemie and Uvira, denouncing the government’s apparent lack of assistance and expenditure on unnecessary trips. Rubaya, known for its rich mineral resources including coltan,… Read More Here

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