Congolese Gold Prices Rise Slightly Amid Global Market Sensitivities During the week of November 11 to 16, 2024, the price of gold in the Democratic Republic of Congo (DRC) experienced a modest increase of 0.07%, climbing to $88.72 per gram from $88.66 the previous week, according to a report byContinue Reading
Carter Center Report Exposes Weak Social Commitments by DRC Mining Companies A November 2024 report by the Carter Center, White Paper on the Specifications of Mining Companies in the DRC, has unveiled major deficiencies in the social and sustainable development commitments of mining companies operating in the Democratic Republic ofContinue Reading
Carter Center Report Reveals Gaps in DRC Mining Companies’ Social Responsibility Commitments A recent study by the Carter Center, published in November 2024, titled White Paper on the Specifications of Mining Companies in the DRC, highlights significant shortcomings in mining companies’ efforts to meet their social responsibility commitments, particularly regardingContinue Reading
The Economic Situation Committee in the Democratic Republic of Congo (DRC) is actively working to ensure price stability, closely monitor the foreign exchange market, and strengthen public financial management. During a meeting held on November 6, 2024, Deputy Prime Minister and Minister of National Economy Daniel Mukoko Samba highlighted signsContinue Reading
Price volatility in copper, cobalt, gold, and oil could threaten the DRC’s 2025 Finance Law, currently under parliamentary review. Draft law document 8 indicates that fluctuations in global commodity prices may disrupt the budget, as mining and hydrocarbons comprise nearly all of the DRC’s exports. Between 2019 and 2023, copper,Continue Reading
Diamond production in the Democratic Republic of Congo (DRC) remains largely artisanal, as shown by recent provisional data from the Ministry of Mines’ Technical Unit for Coordination and Mining Planning (CTCPM). In the first half of 2024, artisanal miners produced 3,319,025 carats, making up nearly 68% of the nation’s totalContinue Reading
On Monday, October 21, 2024, authorities officially closed an artisanal and illegal diamond mine in Kanshi commune, Eastern Kasai, to protect residents’ lives, according to a report from the Council of Ministers. “The governor has ordered the permanent closure of Kanshi’s artisanal diamond mine and the implementation of enhanced surveillanceContinue Reading
China State Construction Engineering, a state-owned enterprise, has committed to supporting the Kinshasa city expansion project. This pledge was made during a meeting between Governor Daniel Bumba and a company delegation on Tuesday, October 22, 2024, at the Hilton Hotel. The urbanization initiative aims to ease congestion in the CongoleseContinue Reading
The presence and movement of foreign individuals in mining areas were key topics during the eighteenth meeting of the Council of Ministers on Friday, October 18, 2024. In his address, President Félix-Antoine Tshisekedi expressed concerns about illegal foreign operations in the country’s mining regions. He emphasized that while the miningContinue Reading
The Democratic Republic of Congo (DRC) is actively seeking new investors to diversify its mining sector, currently dominated by China, according to Mines Minister Kizito Pakabomba. The DRC, home to world-class deposits of key metals like copper and cobalt, is looking to attract a wider range of investors by streamliningContinue Reading
