Eurasian Resources Group (ERG) has refuted allegations of attempting to circumvent subcontracting laws in the Democratic Republic of Congo (DRC), aimed at promoting local ownership in the mining sector and fostering economic benefits. In response to Congo government’s accusations of presenting nine subcontracting companies as majority partners with fictitious sharesContinue Reading
Recently, Democratic Republic of the Congo’s President Félix Tshisekedi has outlined an ambitious plan to create approximately 6.4 million jobs during his second term, averaging about 1.3 million jobs annually. Central to this plan is leveraging the country’s principal export: mining. With the DRC’s untapped mineral resources estimated at $24Continue Reading
As advancements in cobalt-free electric vehicle battery technology progress, Congolese officials are conflicted over the idea of implementing export restrictions on cobalt. The Democratic Republic of Congo (DRC), which is responsible for about 70% of the world’s cobalt supply, is considering export quotas to increase cobalt prices. This news wasContinue Reading
The European Union (EU) foresees Rwanda emerging as a pivotal center for mineral resources, sparking a potential diplomatic rift with the Democratic Republic of Congo (DRC). This tension arose subsequent to a memorandum of understanding signed on February 21 between Brussels and Kigali, aiming to integrate sustainable value chains forContinue Reading
Buenassa, a company operating in the metal processing and trading sector, has announced the reception of a subsidy totaling US$3.5 million from the Democratic Republic of the Congo (DRC) Government through the Fonds de Promotion de l’Industrie (FPI). This grant serves as the initial installment for the funding of itsContinue Reading
In the heart of the Democratic Republic of Congo (DRC), Adore Ngaka faces a daily reminder of his losses as he gazes down the road from his home at the looming oil drills. The expansion of oil extraction near his village in western Congo has left a trail of devastation:Continue Reading
Opening ceremony also attended by DRC First Lady, Prime Minister and other national and provincial dignitaries The Kamoa Centre of Excellence is an education facility to produce the future leaders of the DRC mining industry Inaugural class of Congolese students enrolled in September Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) ExecutiveContinue Reading
Democratic Republic of Congo President Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal, people with direct knowledge of the trip said. It’s the president’s first visit to the country, Congo’s biggest trading partner. The two nationsContinue Reading
The DRC Mining Week in Lubumbashi has attracted the South Africa’s Department of Trade, Industry and Competition (DTIC) to host a South African pavilion at the event. Participation at the event scheduled for the 14th to 16th June, of the South African delegation will comprise companies providing the latest mining technologies, engineering,Continue Reading
At Zambia Modern Mining magazine, we are proud to be an official media partner of the London Indaba 2023. The London Indaba, the maiden event on “investing in resources and mining in Africa”, is taking place on 26 & 27 June 2023 at The InterContinental Park Lane London. Brought toContinue Reading
