The Pan-African Anti-Corruption Network (Unis), a member of the Congo is Not for Sale (CNPV) coalition, has released a bold new report proposing significant cost-cutting measures within the Democratic Republic of Congo’s (DRC) government. Published on Monday, February 24, the report focuses on eliminating wasteful spending, particularly in political institutions,Continue Reading
In a major shake-up of the global minerals market, the Authority for the Regulation and Control of Strategic Mineral Substances Markets (ARECOMS) has announced a four-month suspension of cobalt exports from the Democratic Republic of Congo (DRC), starting February 22, 2025. This decision is aimed at curbing the global oversupplyContinue Reading
Canadian exploration company Loncor has unveiled promising results from its deep drilling program at the Adumbi Gold Mine in the Democratic Republic of Congo (DRC), confirming high-grade gold deposits at various depths. The latest drilling data revealed significant gold intersections, including:✅ 26.94 grams per ton (g/t) at 0.45 meters✅ 5.82Continue Reading
On February 19, 2025, Democratic Republic of Congo (DRC) Finance Minister Doudou Fwamba Likunde Li-Botayi met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the implementation of the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. The meeting took place against theContinue Reading
In 2024, mining companies poured $130.7 million into exploration activities in the Democratic Republic of Congo (DRC), according to a report from S&P Global Market Intelligence published on February 21, 2025. This significant investment accounts for 10% of the $1.3 billion allocated to mining exploration across Africa that year, positioningContinue Reading
Swiss multinational Glencore, a global leader in raw material extraction and marketing, has unveiled exciting projections in its 2024 reserves and resources report. According to the company, the Mutanda mine—located just 40 kilometers from Kolwezi in the Democratic Republic of Congo (DRC)—is sitting on an impressive treasure trove of copperContinue Reading
Ivanhoe Mines has announced key leadership appointments to drive its next phase of growth. Marna Cloete, previously President, has been promoted to President & CEO, bringing nearly two decades of experience in shaping Ivanhoe into a major metals producer. At the Kamoa Copper Joint Venture in the DRC, Annebel OosthuizenContinue Reading
At the Munich Security Conference on February 14, DRC President Félix Tshisekedi accused Rwanda of fueling instability in eastern DRC to exploit its rich deposits of 3T minerals—tungsten, tin, and tantalum—essential for modern technology. Tshisekedi condemned Rwanda’s alleged territorial ambitions over North and South Kivu, particularly Masisi and Rutshuru, callingContinue Reading
Global mining giant Glencore has confirmed that it turned down an unsolicited offer for its Democratic Republic of Congo (DRC) operations at the end of last year. Despite industry speculation, the company made it clear that it is not actively seeking buyers for its DRC assets. “Glencore has not engagedContinue Reading
The Democratic Republic of Congo (DRC), the world’s top producer of cobalt, loses nearly $1 billion every year to illegal trade, exacerbating conflict and deepening poverty, according to political analyst Oluwole Ojewale from the Institute for Security Studies. The True Cost of the DRC’s Cobalt Boom The DRC supplies 70%Continue Reading
