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Copper 360 Strengthens Board with Three New Independent Nonexecutive Directors 21 Mining Personality International 

Copper 360 Strengthens Board with Three New Independent Nonexecutive Directors

Constance
Copper 360 appoints Peter Scott, Beverley Bouwer, and Lindiwe Montshiwagae as independent nonexecutive directors JSE-listed Copper 360 has announced the appointment of Peter Scott, Beverley Bouwer, and Lindiwe Montshiwagae as independent nonexecutive directors, effective October 15, following its Annual General Meeting (AGM) held on the same date. At the meeting, Dr Mbendeni Humphrey Mathe and Shirley Ann Hayes retired by rotation. While Dr Mathe stepped down from the board, Hayes made herself available for re-election and was subsequently reappointed as a nonexecutive director. “The board extends its gratitude to Dr… Read More Here
Two Police Officers Killed in Attack Near Gemfields’ Montepuez Ruby Mine in Mozambique 22 International Gemstones Mine Safety 

Two Police Officers Killed in Attack Near Gemfields’ Montepuez Ruby Mine in Mozambique

Constance
Gemfields confirms deaths of two police officers following illegal miner attack at Montepuez Ruby Mine in Mozambique Gemstone miner Gemfields has confirmed the deaths of two police officers during an attack earlier last week at its Montepuez Ruby Mining (MRM) operation in Mozambique. According to the company, approximately 40 illegal miners marched on the mine’s gate and attacked police officers stationed at the site. Two officers were killed in the incident, including a commander from Mozambique’s Natural Resources Protection Force. Gemfields stated that no MRM employees or contractors were injured,… Read More Here
Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown 23 International Corporate News Gold 

Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown

Constance
Barrick’s Loulo-Gounkoto gold mine restarts operations in Mali after government dispute and nine-month halt Barrick Gold Corporation has restarted operations at its Loulo-Gounkoto gold mine in Mali after a shutdown lasting more than nine months, Bloomberg reported, citing sources familiar with the matter. The Loulo-Gounkoto complex, one of Barrick’s most important assets in West Africa, was shut down in January following escalating tensions with Mali’s military-led government. The dispute intensified earlier this year when a Malian court appointed Soumana Makadji, an accountant and former health minister, to manage the mine… Read More Here
DRC Launches International Call for Railway Assembly Plant Investment 24 Transport and Logistics 

DRC Launches International Call for Railway Assembly Plant Investment

Constance
DRC Seeks International Partners to Build Train, Locomotive, and Wagon Assembly Plant The Ministry of Transport, Communication Routes, and Accessibility has launched an international call for expressions of interest for the construction of a national assembly plant for trains, locomotives, and wagons. According to the official document signed by Deputy Prime Minister in charge of Transport, Jean-Pierre Bemba Gombo, the project aims to identify technical, industrial, and financial partners for the design, financing, construction, equipment, operation, and maintenance of the facility. Two potential sites have been proposed: Matadi (Kongo Central)… Read More Here
DRC Reaffirms Strategic Role in Global Energy Transition at Financial Times Africa Summit 25 Mining in DRC 

DRC Reaffirms Strategic Role in Global Energy Transition at Financial Times Africa Summit

Constance
DRC Highlights Mining Potential and Investment Opportunities at 2025 Financial Times Africa Summit At the Financial Times Africa Summit, held from October 21 to 22, 2025, in London, United Kingdom, the Democratic Republic of Congo (DRC) reaffirmed its commitment to consolidating its strategic position in the global energy transition. The event brought together international investors, policymakers, and mining sector experts. Representing the DRC, Minister of Mines Louis Kabamba Watum delivered a highly praised speech, urging global investors to explore the country’s exceptional mining potential. He emphasized that only 10% of… Read More Here
Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households 26 Mining in DRC Economy 

Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households

Constance
Congolese Franc Strengthens: Tshisekedi Urges Government to Reflect Gains in Household Prices Following his recommendation at the 63rd Council of Ministers meeting to establish a monitoring mechanism for the Congolese franc’s appreciation, President Félix Tshisekedi chaired an economic situation meeting on Wednesday evening, October 22, at the African Union City. The session brought together the Prime Minister, the Deputy Prime Ministers in charge of Budget and National Economy, the Minister of Finance, and several other senior government officials. President Tshisekedi emphasized the importance of consolidating citizens’ confidence in the national… Read More Here
CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets 27 Mining in DRC 

CNPAV Reveals $1.36 Billion Loss in DRC’s Mutanda Mining Assets

Constance
DRC Loses Over $1.3 Billion in Mutanda Mining Deals, CNPAV Calls for Transparency Based on official data and independent financial analyses, the coalition “Congo is Not for Sale” (CNPAV) revealed on Friday that the Democratic Republic of Congo (DRC) has lost substantial resources due to undervaluation and the opaque sale of Gécamines’ assets in the Mutanda Mining (MUMI) project. In its report titled “Cobalt at a Discounted Price, Corruption at Full Price,” presented during a conference at Sylikin Village in Kinshasa, CNPAV documented the losses and irregularities in detail: “In… Read More Here
Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute 28 Mining in DRC 

Washington Agreement Between DRC and Rwanda Formalizes Mineral Exploitation, Says Oakland Institute

Constance
Washington Agreement 2025: How the DRC-Rwanda Deal Fuels U.S.-Backed Mineral Exploitation A recent report from The Oakland Institute criticizes the Washington Agreement, signed on June 27, 2025, between the Democratic Republic of Congo (DRC) and Rwanda, calling it a formalization of the ongoing illicit exploitation of the DRC’s mineral wealth by American companies via Rwanda. The U.S. and the Historical Exploitation of Congo’s Minerals The report highlights the long-standing strategic importance of Congolese resources to the United States. It notes that “the bombs dropped on Hiroshima and Nagasaki were made… Read More Here
DRC’s Cobalt Export Delays Continue Despite New Quota System 29 Mining in DRC Battery Metals Cobalt 

DRC’s Cobalt Export Delays Continue Despite New Quota System

Constance
Cobalt Exports from DRC Still on Hold as New Quota System Faces Delays, Disrupting Global EV Supply Chains Cobalt producers in the Democratic Republic of Congo (DRC) are still waiting for government approval to resume exports, despite the introduction of a new quota system on October 16. Industry sources confirmed that the long-anticipated system—designed to restart shipments after a seven-month suspension—has yet to be fully implemented, prolonging uncertainty in global supply chains. Background: Seven-Month Export Freeze Disrupted Global Markets The DRC, which supplies over 70% of the world’s cobalt, imposed… Read More Here
Oakland Institute Warns DRC Against Potential Pitfalls of U.S. Mining Agreements 30 Mining in DRC 

Oakland Institute Warns DRC Against Potential Pitfalls of U.S. Mining Agreements

Constance
DRC’s New Deals with American Mining Firms Could Mirror Chinese “Minerals-for-Infrastructure” Failures, Oakland Institute Warns The Oakland Institute, a think tank advocating for fair debate on social, economic, and environmental issues, has issued a report cautioning about the long-term impacts of agreements between the Democratic Republic of Congo (DRC) and American companies. The warning follows the so-called Washington Agreement, signed on June 27, 2025, between the DRC and Rwanda, which serves as a backdrop for new U.S. investments in Congolese mining. The report compares these agreements to past arrangements between… Read More Here

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