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DRC and EU Forge Strategic Partnership to Transform Mining Sector 17 Mining in DRC Partnership 

DRC and EU Forge Strategic Partnership to Transform Mining Sector

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At the 28th meeting of the Council of Ministers, the Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, announced the signing of a comprehensive roadmap with the European Union (EU). This ambitious partnership seeks to leverage the DRC’s vast mineral wealth as a catalyst for sustainable and inclusive development. The roadmap comprises 25 strategic actions across five key pillars: attracting investment, enhancing local infrastructure, improving governance and transparency in the mining sector, fostering scientific and technological cooperation, and creating skilled employment opportunities. The overarching goal is to maximize… Read More Here
Caterpillar expands its tech capacity in Bangalore 18 Mining Equipment International Mining technology 

Caterpillar expands its tech capacity in Bangalore

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Caterpillar Inc. has inaugurated a new office in the suburb of Whitefield, Bangalore (Bengaluru) in Karnataka state to expand its digital capabilities. Over the last 53 years, Caterpillar has invested significantly in India, establishing five state-of the art manufacturing facilities as well as two high-tech research and development (R&D) centres which today support 7,000+ employees. The new office is designed to support the growing Cat Digital team, the tech arm of Caterpillar which helps it to drive forward its innovation goals. The statement said: “The young team of software and… Read More Here
China smelter group agrees to lower Q1 copper charges 19 International Copper 

China smelter group agrees to lower Q1 copper charges

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China’s top copper smelters agreed to price guidance for processing charges in the first quarter of 2025 that was lower than this quarter’s guidance, industry sources said on Thursday, reflecting a lingering shortage of copper concentrates. Smelter representatives at a meeting of the China Smelters Purchase Team in the commercial hub of Shanghai reached agreement on new guidance for copper concentrate processing treatment and refining charges (TC/RCs) at $25 per metric ton and 2.5 cents per pound, said four sources with knowledge of the matter. That was down 28.6% from… Read More Here
Zambia Sees Growth in Urban Electricity Access, Report Shows 20 Mining in Zambia Electricity 

Zambia Sees Growth in Urban Electricity Access, Report Shows

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Zambia has recorded a significant increase in urban electricity access, according to the 2023 National Energy Access Baseline Survey report. The report reveals that, out of more than 1.5 million households in the country, over 80% now have access to electricity, a notable rise from the 64% recorded in previous surveys. Peter Mumba, Permanent Secretary of the Ministry of Energy, attributed this progress to the ministry’s ongoing initiatives in collaboration with various stakeholders. He highlighted that these efforts have played a crucial role in expanding electricity access across urban areas.… Read More Here
Panama president sees no immediate risk from First Quantum mine 21 International Copper Corporate News 

Panama president sees no immediate risk from First Quantum mine

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Panama’s President Jose Raul Mulino said a government report shows there are no immediate environmental or safety risks from Cobre Panama, the First Quantum Minerals Ltd. copper mine that was shut in 2023. Mulino cited a recent report conducted by the environment ministry, which examined minerals and other materials stored at the site. Mulino said the government will start to study a “conservation plan” for the mine in January. “Right now, there is no irreversible contamination,” Mulino said Thursday. “Even though it doesn’t represent an imminent risk for the country… Read More Here
Bank of Zambia Announces Plan to Phased Out Cheques by 2026 22 Mining in Zambia Economy 

Bank of Zambia Announces Plan to Phased Out Cheques by 2026

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The Bank of Zambia (BoZ) has unveiled a comprehensive plan to phase out the use of bank cheques nationwide, with the final discontinuation scheduled for June 24, 2026. This major decision comes in response to an 80% decline in cheque transactions over the past decade. In an official statement, the BoZ cited the rapid rise of electronic payment methods and growing concerns over security as key factors driving the transition. The bank pointed out that cheques are highly susceptible to fraud, including forgery, alteration, theft of cheque books, and unauthorized… Read More Here
DRC President Announces $50 Million Investment to Revive MIBA Mining Company 23 Mining in DRC Corporate News New Mining Projects 

DRC President Announces $50 Million Investment to Revive MIBA Mining Company

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The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, has announced a $50 million investment to revive the struggling Bakwanga Mining Company (MIBA). The announcement was made on Thursday, December 26, 2024, during his visit to Mbuji-Mayi, the capital of Kasaï Oriental province, as part of his ongoing tour of the country’s provinces. Amidst a warm welcome from the local population, President Tshisekedi emphasized the importance of strict oversight in the use of these funds to ensure the revitalization of MIBA, which has faced decades of financial challenges.… Read More Here
DRC Coltan Exports Surge Despite M23 Rebel Group's Control in North Kivu 24 Mining in DRC 

DRC Coltan Exports Surge Despite M23 Rebel Group’s Control in North Kivu

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Exports of coltan (tantalum concentrate) from the Democratic Republic of Congo (DRC) reached 265.90 tonnes, generating USD 6.76 million during the first quarter of 2024, according to provisional data released by the Ministry of Mines. The Haut-Katanga region leads the country’s coltan exports, with 99.64 tonnes valued at USD 1.83 million. South Kivu follows closely with 67.40 tonnes, worth USD 1.73 million, while Tanganyika ranks third with 58.80 tonnes, generating USD 1.86 million. North Kivu, where the M23 rebel group continues to destabilize the region, ranks fourth with 40.06 tonnes… Read More Here
Congolese Mining Sector Boosted by Rising Tin and Gold Prices 25 Mining in DRC Gold Tin 

Congolese Mining Sector Boosted by Rising Tin and Gold Prices

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The Congolese mining sector is experiencing a significant revival, driven by the recent surge in the price of tin on international markets. According to the latest data from the National Commission of Mercuriales within the Ministry of Foreign Trade, the price of a tonne of tin reached $29,306 USD during the week of December 23–28, 2024. This marks a 1.06% increase compared to the previous week. The Commission’s report also highlights that the price of tin stood at $28,998 USD per tonne during the week of December 16–22, 2024, reflecting… Read More Here
DRC Diamond Exports Continue Strong Performance in Early 2024 26 Diamond Economy Mining in DRC 

DRC Diamond Exports Continue Strong Performance in Early 2024

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In the first quarter of 2024, the Democratic Republic of Congo (DRC) reported diamond exports totaling 1,970,188.55 carats, generating revenues of USD 17.96 million, according to the Technical Cell for Coordination and Mining Planning (CTCPM). This underscores the DRC’s sustained significance in the global diamond industry. The primary markets for Congolese diamonds remain Belgium and the United Arab Emirates, both of which play pivotal roles in the international diamond trade. Belgium, historically a key diamond trading hub, imported 890,005.74 carats, valued at USD 7.28 million. Of these exports, industrial diamonds… Read More Here

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