Kizito Pakabomba, the Congolese Minister of Mines, dismissed the proposal to create a separate financial authority for the mining sector during a press café in Kinshasa, organized by the mining registry. Pakabomba contended that forming another agency would introduce unnecessary bureaucracy, citing concerns from the International Monetary Fund (IMF) regardingContinue Reading
The Democratic Republic of Congo (DRC) has strongly condemned the United States Department of Labor’s inclusion of Congolese cobalt on its 2024 list of goods produced through child or forced labor. The DRC government labeled the decision as “unjustified,” arguing that it fails to recognize the substantial reforms made inContinue Reading
Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially embarked on the Copper Mark assurance process, following the signing of a letter of commitment on September 12. The Copper Mark, established in 2020, is an assurance framework designed to promote responsible sourcing and productionContinue Reading
Glencore hosted its 6th annual conference in Kinshasa, Democratic Republic of Congo (DRC), gathering key stakeholders to address pivotal issues in the nation’s mining sector. The event served as a vital platform for industrial miners like Glencore to promote Environmental, Social, and Governance (ESG) standards, as well as traceability andContinue Reading
The Democratic Republic of Congo (DRC) is strategically positioned to capitalize on a 34% increase in tin prices in 2024, largely driven by heightened production from Alphamin Resources. The mining company reported a 28% rise in output, achieving 12,087 tonnes in the first nine months of the year, according toContinue Reading
A long-standing dispute between a Glencore Plc subsidiary and the Democratic Republic of Congo (DRC) revolves around a deal made years ago by Israeli businessman Dan Gertler, who has been sanctioned by the US for alleged corruption. The conflict involves the Kamoto Copper Company (KCC), a significant copper and cobaltContinue Reading
Barrick Gold (TSX: ABX)(NYSE: GOLD) announced on Tuesday the discovery of significant new gold deposits near its Kibali mine in the Democratic Republic of Congo (DRC). These deposits, found at Africa’s largest bullion operation, are expected to extend the mine’s lifespan and enhance production capabilities. During a media briefing, PresidentContinue Reading
Canada Rare Earth Corp. has finalized a supply agreement with SAKIMA SA, a state-owned mining company in the Democratic Republic of Congo (DRC), through its wholly owned subsidiary, Simba Essential Minerals. This agreement significantly bolsters Canada Rare Earth’s supply chain for rare earths and other essential minerals sourced from theContinue Reading
The Democratic Republic of Congo (DRC) is considering legal action against Apple in both France and the United States, alleging that the tech giant has used “illegally exploited” minerals, according to the DRC’s lawyers on Thursday. In April, the DRC’s Paris-based legal team accused Apple of purchasing key minerals smuggledContinue Reading
A senior White House official highlighted the importance of promoting mining projects in countries like the Democratic Republic of Congo (DRC) and Zambia. This is crucial for securing a stable global supply of critical minerals needed to combat climate change. Amos Hochstein, White House senior adviser for energy and investment,Continue Reading
