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
The Central Bank of Congo (BCC) has released its latest economic outlook for the period of January 31 to February 7, 2025, revealing notable shifts in key commodity prices that reflect global market forces and geopolitical developments. Copper Surges Amid Trade Policy Adjustments Copper prices climbed to $9,412.75 per tonne,Continue Reading
Global miner and commodity trader Glencore has confirmed that it turned down an unsolicited bid for its operations in the Democratic Republic of Congo (DRC) at the end of last year. “Glencore has not engaged any banks or advisors and is not running a sale process for its operations inContinue Reading
The Democratic Republic of Congo (DRC) has classified certain mining sites in Masisi (North Kivu) and Kalehe (South Kivu) as “Red” zones, citing security concerns and the illicit trade of minerals. The Minister of Mines, Kizito Pakabombe, signed the ministerial order on February 12, 2025, placing restrictions on these areasContinue Reading
Kizito Pakabomba, Minister of Mines for the Democratic Republic of Congo (DRC), has strongly condemned the ongoing exploitation of his country’s mineral resources by Rwanda, allegedly under the guise of the M23-AFC rebel group. Speaking at the Mining Indaba in Cape Town, South Africa, on February 2, Pakabomba labeled Rwanda’sContinue Reading
DRC Gold Trading, formerly known as Primera Gold, has set an ambitious goal of purchasing 16 tonnes of gold in 2025, with a long-term objective of generating $12 billion for the Democratic Republic of Congo (DRC) over the next five years. During a press interview over the weekend, CEO JosephContinue Reading
The Democratic Republic of Congo (DRC) generated $409 million from tin concentrate exports between January and September 2024, according to a report from the Technical Unit for Coordination and Mining Planning (CTCPM) under the Ministry of Mines. Industrial Mining Leads the Way In Q3 2024, industrial mining dominated tin exports,Continue Reading
The Democratic Republic of Congo (DRC) has urged the European Union (EU) to immediately suspend all cooperation with Rwanda, particularly in the trade of strategic minerals like coltan, which the DRC claims Rwanda illegally exports to EU member states. Congolese Minister of Foreign Affairs, Thérèse Kayikwamba, made this demand duringContinue Reading
