Tag Archives: Congo

#Congo and China deepen mining ties as #US pushes rival minerals pact – includes duty-free access and promotion of local processing.

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Two miners, one wearing a blue helmet and the other a red helmet, shake hands in front of a large map of the Democratic Republic of the Congo, showcasing mining areas. A construction site is visible in the background with heavy machinery and several workers.

Congo’s exports to China are already due to benefit from duty-free access to China ​from May 1 under an initiative covering 53 African countries.

The new agreement sets out cooperation on geological data sharing, investment protection and the promotion of local processing of raw materials in Congo, according to the Congolese government statement ​published late on Thursday.

It also includes a monitoring mechanism to ensure projects comply with Congolese law ​and are implemented in a stable and transparent investment environment.

Read more at: https://www.reuters.com/world/africa/congo-china-deepen-mining-ties-us-pushes-rival-minerals-pact-2026-03-27/

#Bloomberg: #Congo to Enforce Local Ownership Rule for #Copper, #Cobalt Miners

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Democratic Republic of Congo will enforce a long-dormant rule requiring local employee ownership for mines in a move that may rebalance shareholdings in some of the world’s biggest copper and cobalt producers.

In a letter dated Jan. 30 and addressed to miners of all metals in the country, Mines Minister Louis Watum said firms must demonstrate that 5% of their share capital is held by Congolese employees.

The decision could affect multiple industrial mining projects in the central African nation, which provides about 70% of cobalt supply and is the second-largest copper producer. Glencore Plc, CMOC Group Ltd., Ivanhoe Mines Ltd., Eurasian Resources Group and Zijin Mining Group Co. are among the country’s biggest miners. Barrick Mining Corp. operates one of Africa’s largest gold mines in the country, which also has vast deposits of lithium, tantalum, tin and zinc.

The move comes amid ongoing negotiations between the Trump administration and Congo that could see more US companies invest in the country’s mining industry, which has previously been dominated by Chinese enterprises.

Read more at: https://www.bloomberg.com/news/articles/2026-02-09/congo-to-enforce-local-ownership-rule-for-copper-cobalt-miners

Exxaro aims to mine iron-ore in Congo this year

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JOHANNESBURG (miningweekly.com) – South Africa’s Exxaro expects to start mining iron ore in the Republic of Congo this year, with an eye to producing up to 10 million tonnes a year, as the miner diversifies beyond its traditional reliance on coal.

 

http://www.miningweekly.com/article/exxaro-aims-to-mine-iron-ore-in-congo-this-year-2013-04-10?