Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

DRC: Entreprise Générale de Cobalt Secures $2M to Foster Responsible Artisanal Mining

DRC: Entreprise Générale de Cobalt Secures $2M to Foster Responsible Artisanal Mining

The United States Agency for International Development (USAID) has backed a project to professionalize the artisanal copper-cobalt supply chain in the Democratic Republic of Congo (DRC). The U.S. government announced a $2 million funding for the project in a January 14 release. The project is led by Entreprise Générale de Cobalt (EGC), a company helmed by Éric Kalala (pictured). The EGC is a fully-owned subsidiary of the public firm Gécamine.

"USAID’s funding a total of $2 million will enhance the capacity of EGC, the state entity mandated to lead this transformation, by strengthening its field operations and implementing standards to ensure that Congolese artisanal copper-cobalt is mined responsibly and adheres to international standards, including the Voluntary Principles on Security and Human Rights," the USAID release reads. 

EGC CEO Éric Kalala has already met various donors to secure funding for the project’s pilot phase which covers five sites. For example, Kalala visited the European Commission’s headquarters last November, alongside Gécamines’ chairman, Guy-Robert Lukama. Kalala also facilitated the partnership with Cobalt for Development (C4D), a project led by the German cooperation agency GIZ.

The USAID’s support should help advance this pilot exploration program. Once feasibility studies are completed, cooperatives will be selected to operate on these sites under specifications that ensure responsible exploitation aligned with international market standards. EGC plans to purchase all production from these cooperatives and sell it internationally, ensuring traceability. If successful, this model could be extended to all artisanal mining sites in the country.

The U.S. Department of Labor recently added the DRC’s cobalt to its list of goods produced by child labor. The Congolese government and industry stakeholders consider this decision to be harsh, given that child labor issues primarily affect artisanal mining. Meanwhile, only about 20% of the country’s output is artisanal and the U.S. knows this since they claim to have been supporting the Congolese mining sector for over two decades.

This article was initially published in French by Pierre Mukoko

Edited in English by Ola Schad Akinocho

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
kongo-central-drc-s-trade-hub-to-enforce-long-pending-truck-tax
Foner, the National Road Maintenance Fund, will begin collecting an annual axle load charge in Kongo Central province, its Deputy Director General...
indian-company-targets-drc-for-tractor-assembly-expansion
Indian engineering firm Angelique International Limited (AIL) plans to set up a tractor assembly plant in the Democratic Republic of Congo (DRC). The...
drc-secures-30m-deal-for-300-clean-water-stations
Quest Water Global Inc., a Canadian company specializing in sustainable water treatment and distribution, announced on July 24, 2025, it signed a...
drc-faces-clash-over-oil-mining-and-green-corridor-conservation
Twenty-nine new oil blocks cover 72% of the Kivu-Kinshasa Green Corridor, a protected ecological zone. The Green Corridor spans 544,270 km², aiming to...

African Economies

MOST READ

01
Regional Maritime Bank to Launch in 2026, Offering New Financing for DRC
02
DRC Bets $100M+ on Football Deals to Boost Global Image
03
DRC Seeks $6M to Preserve Stake in Grands Hôtels du Congo
04
DRC Faces Clash Over Oil Mining and Green Corridor Conservation
05
DRC Secures $30M Deal for 300 Clean Water Stations

Please publish modules in offcanvas position.