The Central Bank of Congo (BCC) is turning up the heat on the country’s powerful mining and oil sectors, introducing massive fines to enforce long-ignored foreign exchange regulations. In a dramatic move aimed at curbing capital flight and stabilizing the weakening Congolese franc, the BCC has hiked penalties by moreContinue Reading
The Democratic Republic of Congo (DRC) is setting its sights on a massive infrastructure overhaul—unveiling a bold $58 billion master plan aimed at transforming roads, agriculture, and logistics across the vast Central African nation. At the heart of this ambition is a landmark $500 billion mega-partnership with the United States,Continue Reading
The Democratic Republic of Congo (DRC) is pushing to finalize a landmark minerals agreement with the United States by the end of June, aiming to attract fresh investment into its mining sector while also seeking diplomatic leverage in efforts to quell a Rwanda-backed insurgency in the country’s conflict-ridden eastern provinces.Continue Reading
President Félix Tshisekedi has praised a significant achievement by the Democratic Republic of Congo (DRC)’s Ministry of Economy, which succeeded in cutting fuel subsidy losses by an impressive 89%—a move hailed as a milestone in the country’s ongoing economic reform agenda. In a formal letter of commendation, Anthony Nkinzo, DirectorContinue Reading
A disagreement has surfaced between mining giants Ivanhoe Mines and Zijin Mining over the impact of a recent seismic event at the Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC). On Friday, May 23, 2025, Zijin Mining issued a statement warning of a potential “negative impact” on productionContinue Reading
Artisanal mining in Walikale territory, North Kivu Province, Democratic Republic of Congo (DRC), is facing growing instability as soldiers and members of the Wazalendo militia become increasingly involved in mining activities—despite national laws that prohibit such participation. Local civil society organizations and traditional leaders have raised alarm over the presenceContinue Reading
Lusaka/DAKAR/TORONTO – 19 May 2025 — Mali’s military government is seeking a court order to place Barrick Gold’s flagship Loulo-Gounkoto mine under provisional state control, intensifying an ongoing standoff that has sent ripples across Africa’s mining sector—including Zambia, where Barrick also holds major operations. The Tribunal de Commerce in BamakoContinue Reading
Chinese cobalt smelters have remained largely unaffected by the Democratic Republic of Congo’s (DRC) four-month cobalt export ban, according to insights shared at the 2025 Cobalt Congress held in Singapore. Despite the ban, which began in late February, Chinese downstream users have continued to access stable cobalt supplies, bolstered byContinue Reading
Kamoa Copper SA, one of the Democratic Republic of Congo’s leading copper producers, reinforced its commitment to local value creation and regional integration as a Platinum Sponsor at the 6th Katanga Business Meeting (KBM), held May 15–16 at the Lualaba Provincial Assembly in Kolwezi. Held under the theme “Building OurContinue Reading
Artisanal cobalt mining in the Democratic Republic of Congo (DRC) has plunged to historic lows, contributing just 2% to the country’s total cobalt output in 2024, according to the Cobalt Institute’s latest annual report released on May 14, 2025. This marks a dramatic decline for a sector that, in previousContinue Reading
