Senior Congolese officials are set to visit Washington, D.C., for high-level talks on U.S.-DRC cooperation in strategic minerals, as announced by Aaron Poynton, President of the Africa-US Business Council. In a letter to Chris Smith, Chairman of the House Foreign Affairs Subcommittee on Africa, Poynton highlighted this visit as aContinue Reading
Kolwezi, Democratic Republic of Congo – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete have provided an update on production at the Kamoa-Kakula Copper Complex and the Kipushi zinc mine, both located in the Democratic Republic of the Congo (DRC).Continue Reading
Starting January 1, 2025, individuals and companies operating in the Democratic Republic of Congo (DRC) will face a record-breaking $4.3 million fine for obstructing transparency and traceability in the mining sector. This unprecedented penalty, established under Decision No. CAMI/DG/003/2024, was issued by the Mining Cadastre (CAMI) on December 16, 2024.Continue Reading
Zijin Mining Group, China’s largest metals producer, reported a 52% increase in net profit for 2023, fueled by higher production and surging copper and gold prices. Strong Financial Performance The company posted a net income of 32.1 billion yuan ($4.4 billion), in line with its earlier forecast of 32 billionContinue Reading
The Democratic Republic of Congo (DRC) is ramping up efforts to tackle the illegal export of its minerals, particularly those allegedly smuggled by the Rwandan-backed M23 rebels. At a cabinet meeting on Friday, Mines Minister Kizito Pakabomba unveiled new measures aimed at cutting off the rebels’ access to revenue fromContinue Reading
AIM-listed Rome Resources has reported promising assay results from drill hole MADD018 at its Mont Agoma prospect in the Democratic Republic of Congo, confirming substantial copper and tin mineralization. Key Findings Exploration and Future Plans Mont Agoma has historically delivered significant polymetallic mineralization, with copper and zinc dominating near theContinue Reading
China is ramping up its imports of off-exchange refined copper, fueled by a production boom in the Democratic Republic of Congo (DRC) and growing concerns over potential disruptions from U.S. scrap restrictions, according to analysts and traders. This surge underscores China’s increasing reliance on Congolese copper, which now dominates aContinue Reading
Strategic Minerals and Security Cooperation The Democratic Republic of Congo (DRC) has proposed an exclusive partnership with the United States, offering access to its vast mineral wealth and infrastructure projects in exchange for security assistance amid ongoing conflicts with rebel groups backed by neighboring Rwanda. A Critical Proposal for USContinue Reading
The Anhui Congo Investment Company (SACIM) in Kasai-Oriental is grappling with mounting challenges, raising serious concerns across the region. A SACIM manager, speaking to Actualité.cd on February 26, 2025, revealed that the company, which typically produces around 300,000 carats of diamonds per month, is struggling to sell its output dueContinue Reading
The Pan-African Anti-Corruption Network (Unis), a member of the Congo Is Not for Sale (CNPV) coalition, has released a report urging drastic reductions in government spending in the Democratic Republic of Congo (DRC). The report, published on February 24, highlights excessive costs tied to political institutions and calls for urgentContinue Reading
