MINING (172)
Democratic Republic of Congo Mining Minister Louis Watum Kabamba has unveiled details of a major iron ore project, after a pledge made at the Makutano 2025 forum last November.
He presented the project at the Council of Ministers meeting on Jan. 9. The minutes refer to the initiative as Mines de fer de la grande Orientale (Mifor), describing it as a major strategic shift in the country’s mining strategy, long dominated by copper and cobalt.
The project is based on deposits in the former Orientale province, now divided into Ituri, Haut-Uele, Bas-Uele and Tshopo. The document estimates reserves of between 15 billion and 20 billion tonnes, with an average grade above 60%. It does not say how the estimates were calculated.
According to the minister’s presentation, Mifor would be developed in several phases. The first phase targets output of 50 million tonnes a year, with capacity rising gradually to 300 million tonnes a year. The plan goes beyond extraction, including local processing units and a multimodal logistics corridor combining a heavy-haul railway, river transport and a connection to the deep-water port of Banana.
The initial investment for the first stage is estimated at $28.9 billion. Over 25 years, the minister cited cumulative revenue of $679.3 billion and net cash flow of $308.2 billion, based on conservative market assumptions. For the state, the document refers to significant and wide-ranging benefits, without providing figures.
Iron ore currently trades at around $105 a tonne. However, the start of production at Guinea’s Simandou mine, announced last November, could put downward pressure on prices in the medium term. If the project stays on schedule, Simandou could produce up to 120 million tonnes as early as 2028 and add supply to the market.
At this stage, Mifor has not yet moved into formal negotiations. Without naming specific entities, the report cites interest from international institutional investors with a track record in structuring and financing large-scale projects. The government says this is a positive sign for the project’s bankability and international credibility, while stressing that no binding commitments have been made. The financing structure, partners and implementation timeline have not been announced.
In the near term, the executive has decided to set up a dedicated governance structure. The Council of Ministers approved the creation of an expanded inter-ministerial commission to oversee strategic direction, coordination and the project’s phased development.
Boaz Kabeya
State-owned enterprise DRC Gold Trading said it will continue its nationwide expansion after an annual performance review held on Jan. 9, 2025. The company plans to open a branch in Mbujimayi shortly and another in Kinshasa by the end of March 2026.
The strategy targets the establishment of 10 operational sites nationwide, with the aim of reaching annual artisanal gold volumes of 15 to 18 tonnes and generating more than $2 billion in export revenues.
DRC Gold Trading currently operates five branches, including one in Bukavu that has been inactive since AFC/M23 rebels seized the city in March 2025. Hitting the upper target of 18 tonnes will be challenging, given that the company has exported about 10 tonnes of artisanal gold since beginning operations in early 2023.
Another challenge is uncertainty over the contribution of the Bukavu branch this year. That branch alone accounted for more than 90% of legal artisanal gold exports between 2023 and 2024, with a monthly average of over 420 kg sourced from South Kivu in 2023.
The state-owned company has, however, opened a branch in Kindu, in Maniema province, partially offsetting the loss of revenue from South Kivu. With a monthly average of around 114 kg of artisanal gold exported, Maniema has become the country’s leading artisanal gold exporting province. By the end of the third quarter of 2025, it accounted for 34% of national artisanal gold exports, totaling 683.67 kg, according to data from the Mining Technical Coordination and Planning Unit.
Timothée Manoke
Gécamines plans to sell part of the copper output from Tenke Fungurume Mining (TFM) to the United States through its new trading subsidiary, Gécamines Trading. TFM is 80% controlled by China’s CMOC.
The Congolese state miner said it has decided, for the first time, to exercise its contractual right to buy the share of production linked to its 20% stake in the mine and resell it to U.S. buyers. It put the volume at 100,000 tonnes for 2026.
“This first marketing operation represents an expansion of the competitive bidding system for output from Gécamines’ partnerships, a system introduced in 2023 and successfully implemented since then,” Guy-Robert Lukama, chairman of Gécamines’ board, said in a statement.
Gécamines said the decision to market the production share from its joint ventures is intended to address transfer-pricing practices used by some operators. Under such practices, output is sold at below-market prices to related entities, reducing dividends paid to Gécamines and mining revenues for the state.
The company said the strategy should lead to better pricing of Congolese minerals, higher tax revenues and a broader base of buyers, strengthening the country’s commercial independence.
“We welcome this first operation, which follows more than a year of work to strengthen the Democratic Republic of Congo’s position in global raw materials markets and to assert the state’s sovereignty over its mineral resources,” said Placide Nkala Basadilua, Gécamines’ chief executive, in the statement.
In the longer term, the state-owned company aims to secure sales rights of up to 500,000 tonnes of copper and 40,000 tonnes of cobalt, underlining its ambition to re-establish itself as a global player in critical minerals.
Strategic agreement
Before exercising its purchase right, Gécamines said it carried out a market consultation in late 2025. Several U.S. buyers agreed to purchase the 100,000 tonnes of copper at the end of the process under terms the company described as favourable.
Copper prices surged in 2025, rising 44% to a record $12,960 per tonne on the London Metal Exchange. Analysts expect momentum to remain strong in 2026.
The transaction also allows the DRC to implement commitments under a strategic agreement signed with the United States in Washington on Dec. 4, 2025. Under the agreement, “the DRC and its public enterprises will use their marketing rights linked to participation and contracts to provide offtake access to American and allied persons.”
The mechanism requires Gécamines, or any other state-owned company, to offer its marketable volumes to U.S. companies before other buyers, provided commercial terms are comparable and aligned with international prices.
The deal is being carried out by Gécamines Trading, a joint venture with Geneva-based Mercuria Energy Trading. The venture markets copper, cobalt and other critical minerals, including germanium and gallium, produced in the DRC.
The project is backed by the U.S. International Development Finance Corp (DFC). The agency said it has issued a letter of intent for an equity investment in the joint venture, aimed at securing U.S. supply chains for strategic minerals.
Pierre Mukoko
The Regulatory Authority for Subcontracting in the Private Sector (ARSP) has issued a decision that directly affects mining supply chains in the Democratic Republic of Congo.
In a decision published on Jan. 7, 2026, the regulator ruled that the supply of sulfuric acid, chemical reagents and similar inputs will be restricted exclusively to licensed subcontracting companies, in line with Law No. 17/001 governing private-sector subcontracting.
According to the decision, the supply of sulfuric acid, lime, flotation reagents, extractants and other chemicals used in ore processing is classified as a subcontracting activity in its own right. As a result, these supplies may no longer be provided directly by mining companies or by firms that are not listed in the ARSP’s official register.
The ARSP said the move was prompted by ongoing attempts to bypass subcontracting rules, which have allowed ineligible operators to dominate a strategic segment of the mining industry. Such practices, the regulator said, run counter to the law’s objective of ensuring meaningful participation by Congolese companies in markets generated by mining activity.
Under the new rules, mining companies must source acid and processing reagents exclusively from ARSP-approved subcontractors or face administrative sanctions under existing regulations.
The authority said it focused on the acid and reagents market because of the central role these products play in ore processing, particularly in copper and cobalt production. They are essential to leaching techniques used to extract metals from ore.
Until now, these inputs were largely supplied by foreign firms or entities integrated into major mining groups, limiting access for local suppliers. This, the regulator said, justified targeting the segment for stricter enforcement of subcontracting rules.
The decision forms part of the government’s broader strategy to promote local content and strengthen Congolese small and medium-sized enterprises. It aims to deepen the integration of national companies into the mining value chain and support job creation.
Boaz Kabeya
- DR Congo launched validation talks on a national strategy for critical minerals on January 7 in Lubumbashi.
- The draft prioritizes local processing, ESG standards, clean energy use, and improved sector governance.
- Experts urge a coherent framework to turn mineral wealth into inclusive, sustainable development.
The Democratic Republic of Congo moved closer to validating its national strategy for critical minerals and metals as the Ministry of Mines launched validation sessions on January 7, 2026, in Lubumbashi, in the Haut-Katanga province.
The sessions, scheduled to conclude on January 8, will review policy directions on promoting local processing, developing sustainable industrialization, complying with environmental, social and governance (ESG) standards, mobilizing clean energy, strengthening human and technological capacities, improving sector governance, and sharing benefits with local communities.
The Ministry of Mines said Congolese and African experts drafted the strategy with support from Southern Africa Resources Watch (SARW), which has acted as a technical and financial partner to the Congolese mining sector for nearly two decades.
The document aims to provide the country with a consensual and operational framework focused on economic diversification, industrialization, job creation and enhanced value addition from national mineral resources.
The ministry added that this step forms part of a broader process to design a roadmap to reposition DR Congo as a major industrial player in the global value chain for critical minerals and metals, which underpin the energy transition and green industrialization.
In a report published on March 20, the Natural Resource Governance Institute (NRGI) said DR Congo needs a coherent strategic framework to ensure that the energy transition delivers tangible benefits to the population. The report, titled “The Democratic Republic of Congo and the Energy Transition Challenge: Turning Mineral Wealth into a Lever for Sustainable Development,” highlighted structural weaknesses.
NRGI identified gaps in inter-institutional coordination, conflicts of interest, politicization of public action and weak stakeholder inclusion as key factors that have hindered the emergence of a harmonized framework between the mining and energy sectors.
Meanwhile, DR Congo continues to face challenges in locally processing its mineral resources. According to a report by the Publish What You Pay (PWYP) network, the country holds significant potential to capture greater value added as global demand for strategic minerals accelerates amid the transition toward low-carbon economies.
This article was initially published in French by Ronsard Luabeya
Adapted in English by Ange Jason Quenum
- Ivanhoe Mines said total investment in the Kamoa-Kakula copper smelter reached $1.1 billion.
- The figure exceeded the $700 million estimate announced in 2021.
- Power infrastructure, including Inga II rehabilitation, accounted for a significant share of costs.
Ivanhoe Mines said total investment in the new smelter at the Kamoa-Kakula copper complex reached $1.1 billion, as the company announced the first production of copper anodes.
The company linked the start-up of the smelter to the full capital deployment in a statement accompanying the production milestone.
Robert Friedland, founder and executive co-chairman of Ivanhoe Mines, said the event marked “the culmination of a $1.1 billion investment.”
The $1.1 billion figure exceeded the capital cost estimate Ivanhoe Mines disclosed during the project’s early development stages.
In a statement dated Nov. 18, 2021, Ivanhoe Mines said expected capital expenditure for the smelter stood “in the region of $700 million,” and the company said operating cash flows from Kamoa-Kakula would fund the project.
Ivanhoe Mines did not explicitly state the reasons for the gap between the 2021 estimate and the 2026 investment figure.
However, the $1.1 billion total appeared to include ancillary infrastructure costs, even though the company built the smelter according to the same design outlined in 2021.
Ivanhoe Mines constructed a direct-to-blister smelter with nominal capacity of 500,000 tonnes per year of blister copper, alongside sulfuric acid by-product production and emissions standards aligned with those of the International Finance Corporation, part of the World Bank Group.
To enable initial anode production, Ivanhoe Mines not only built the smelter but also installed an uninterruptible power supply system.
The company said the 60-megawatt system could provide up to two hours of instant backup power, protecting the smelter from voltage fluctuations on the Democratic Republic of Congo’s national grid.
In parallel, the company required 50 megawatts of clean electricity to commission the smelter.
To secure that supply, Ivanhoe Mines rehabilitated turbine five at the Inga II hydroelectric dam, which has total installed capacity of 178 megawatts.
Kamoa Copper, owner of the Kamoa-Kakula complex, estimated the investment at $450 million, including ongoing grid modernization works.
This article was initially published in French by Boaz Kabeya
Adapted in English by Ange Jason Quenum
- NIU Invest granted Critical Metals a £2.1 million ($2.84 million) convertible loan.
- The funding will support operations at the Molulu copper-cobalt project in the DRC.
- Critical Metals targets first mineral sales from Molulu by mid-2026.
NIU Invest SE, the majority shareholder of Critical Metals, has granted the company a loan of £2.1 million, equivalent to about $2.84 million, to finance its activities, notably at the Molulu copper and cobalt project in the Haut-Katanga province of the Democratic Republic of Congo.
The company announced the financing on December 31, 2025. The loan has an 18-month maturity and carries an annual interest rate of 10%, payable at the end of the term.
According to the disclosed terms, the loan takes the form of a convertible bond. This structure allows NIU Invest SE to convert the loan into equity in Critical Metals at any time and under certain conditions.
NIU Invest has used similar instruments to gradually increase its stake in the company. Its participation has now reached 69.62%, giving it effective control over Critical Metals.
The financing provides short-term relief for Critical Metals, whose Molulu project—70% owned by the company—has yet to generate commercial sales. The company remains loss-making.
For the financial year ended June 30, 2025, Critical Metals reported losses of about £2.4 million. This marked a reduction of roughly 13% compared with the previous financial year, when losses stood near £2.8 million.
According to the financial report, the improvement primarily reflects a reduction of about 25% in salary expenses. The company also implemented significant workforce cuts in the Democratic Republic of Congo, particularly among technical staff.
Cost-cutting measures extended to senior management. Since January 1, 2025, remuneration for the chief executive position has been reduced by as much as 30%.
First Sales Expected in 2026
Alongside its financial restructuring, Critical Metals has undergone several leadership changes. Russell Fryer stepped down as chief executive on September 4, 2025, and Ali Farid Khwaja replaced him. Khwaja subsequently resigned on December 16, 2025.
Since then, Danilo Lange has served as interim chief executive.
In its announcement, the company described Lange as an internationally experienced executive with more than 25 years of experience across the mining, consumer goods and marketing sectors. He previously held senior roles at companies including Yahoo and Red Bull and served as chief executive of Auriant Mining AB, a Swedish mining company listed on Nasdaq in the United States.
Critical Metals said his profile suits the company’s transition phase, as the board continues its search for a permanent chief executive.
The loan from NIU Invest again signals the majority shareholder’s confidence in the Molulu project, despite the company’s continued financial losses since launch.
The funding secures short-term operational financing while the company prepares for a ramp-up in activity.
According to Critical Metals’ most recent report, the first mineral sales from the Molulu mine are now expected by mid-2026.
This article was initially published in French by Timothée Manoke
Adapted in English by Ange Jason Quenum
- The mines minister partially and temporarily lifted the suspension on artisanal copper-cobalt processing entities in Lualaba.
- A compliance review found all processing entities in violation of the Mining Code and regulations.
- Authorities will condition any permanent lifting on full regulatory compliance.
The Democratic Republic of Congo partially eased restrictions on artisanal copper-cobalt processing in Lualaba, the country’s main hub for artisanal activity in the sector.
Mines Minister Louis Watum Kabamba lifted “partially and temporarily” the suspension of mining and commercial activities for artisanal mineral processing entities in the copper-cobalt value chain operating in Lualaba. The ministry announced the decision in a statement published on January 5, 2026, following compliance inspections conducted in Kolwezi.
“At the end of the commission’s work (established on December 26), organized into three sub-commissions (administrative and legal, technical, and traceability and compliance), the commission found violations of the Mining Code and Mining Regulations by all processing entities,” the statement said.
The minister framed the decision as a transitional measure, allowing operators time to regularize their status. “The maintenance or definitive lifting of the suspension will remain conditional on the effective regularization of each processing entity,” the document added.
#RDC_MINES | COMMUNIQUÉ DE PRESSE pic.twitter.com/06YGkQgwcv
— Ministère des Mines - RDC (@MinMinesRDC) January 5, 2026
According to the statement, authorities will notify each processing entity within 72 hours of publication. The individual notices will detail corrective measures required to address administrative, technical, and traceability breaches and will specify, where applicable, financial penalties payable under current mining law.
However, the partial lifting does not apply to Luilu Resources. The ministry said the company failed to present credible documentation on technical operations and mineral traceability during the review. Authorities ordered the company to appear again before the commission in Lubumbashi within three days, with the required documents, or face sanctions proportionate to the seriousness of the violations.
Transitional Measure for Haut-Katanga
Authorities also adopted a transitional measure for Haut-Katanga, another province with significant artisanal copper-cobalt activity. Pending inspection results, authorities authorized processing entities on a temporary basis to receive minerals already present at legal or tolerated artisanal sites.
Provincial services will supervise the operation, including the provincial mining division, the provincial directorate of SAEMAPE, the provincial ministry of Mines, and representatives of cooperatives and traders.
Since December 19, 2025, authorities have suspended activities of all artisanal mineral processing entities in the copper-cobalt sector nationwide. The mines minister said the suspension forms part of the implementation of the roadmap of the National Commission to Combat Mining Fraud.
The measure aims to clean up the artisanal mineral supply chain and ensure compliance with OECD due diligence principles and the national traceability manual.
This article was initially published in French by Ronsard Luabeya
Adapted in English by Ange Jason Quenum
The Democratic Republic of Congo’s regulator has extended the deadline for using cobalt export quotas to March 31, 2026, from the last quarter of 2025, according to a statement reported by Reuters on Wednesday.
The move eases uncertainty caused by bottlenecks in DRC’s new cobalt export process. After imposing an embargo on shipments of the battery metal in February, Kinshasa introduced an export quota system in October. Under that system, 18,125 metric tons of cobalt were allocated for export between October and December 2025.
Several companies were unable to use their quotas because the regulatory framework does not allow the transfer or deferral of shipments. Finance Minister Doudou Fwamba said recently that cobalt exports had “resumed,” without providing details on volumes or companies involved.
CMOC, a major cobalt producer in DRC with a fourth-quarter 2025 export quota of 6,650 tons, said the first shipments were unlikely to depart before January. Administrative procedures extended into the final weeks of 2025, including sampling under the new quota system and customs payments.
While the extension removes uncertainty over unused 2025 quotas, other challenges remain for the Congolese government, which must show it can implement the new framework sustainably. The February embargo, imposed amid a surplus market that had weighed on prices, coincided with a surge in cobalt prices in 2025.
Even if the policy succeeds in supporting prices, Kinshasa must manage the risk of substitution. Some analysts warn that restrictions on Congolese supply could prompt manufacturers to accelerate efforts to reduce cobalt use in electric vehicle batteries.
Emiliano Tossou
Copper prices neared $13,000 a tonne on the London Metal Exchange on Monday, climbing as much as 6.6% to $12,960, Bloomberg reported. Prices later steadied around $12,920 in Asian trading.
The metal has gained more than 15% this month, driven by expectations that the United States could impose tariffs on refined copper. Ahead of any such measures, traders have stepped up shipments to the U.S. market, tightening inventories elsewhere. On Comex, U.S. copper futures have been trading at a premium to LME prices.
The rally follows comments earlier this month from analysts at Citigroup, who said copper prices could rise above $13,000 a tonne by the second quarter of 2026. “We remain convinced that copper has upside into 2026 amid several supportive tailwinds, including improving fundamentals and a more favourable macroeconomic environment,” the bank said, forecasting a 2.5% increase in global end-use consumption next year.
Similar views were expressed by Gregory Shearer, head of base and precious metals strategy at J.P. Morgan. “All in all, we think these unique dynamics of disjointed inventory and acute supply disruptions tightening the copper market add up to a bullish set up for copper, and are enough to push prices above $12,000/mt in the first half of 2026,” he said.
Concerns over global copper supply have intensified following several incidents this year. In May, Ivanhoe Mines, which operates one of the world’s largest copper projects in the Democratic Republic of Congo, reported a seismic event that prompted it to cut its production guidance for 2025 and 2026. While the company had initially targeted output of at least 500,000 tonnes in 2025, it now expects production to peak at around 420,000 tonnes, a level also projected for 2026.
Meanwhile, a landslide at Indonesia’s Grasberg mine, the world’s second-largest copper operation, forced Freeport-McMoRan to slash its planned 2026 output by 35%.
Louis-Nino Kansoun
More...
The Democratic Republic of Congo has suspended the activities of all artisanal copper-cobalt mineral processing entities across the country since December 19, 2025, under an order signed by Mines Minister Louis Watum Kabamba.
The decision directly targets the downstream segment that makes illegal mining economically viable. A processing entity is defined as an individual business, commercial company, or mining cooperative that uses mineralogical and/or metallurgical processes to produce marketable mineral products, such as concentrates or refined metals. These entities are authorized to source minerals from artisanal miners, traders, approved mining cooperatives, and even from operating mining concessions.
According to the order, the suspension is a precautionary measure aimed at enabling a comprehensive audit. An ad hoc commission has been established to verify the administrative, legal, and technical compliance of all processing entities, as well as the traceability and lawful origin of the minerals they process.
While a separate order will define the commission’s composition and operating procedures, the current text sets out a tight timeline. Suspended entities have ten days from notification to submit documentation proving compliance with legal and regulatory requirements, along with evidence of the lawful origin of their supplies. The commission will then have fifteen days from receipt of a complete file to conduct its review and must submit its report to the minister within seven working days after the audit ends. Any resumption of activity will depend on operators’ ability to demonstrate compliance.
The mines minister said the decision was justified by findings that several processing entities were sourcing minerals from industrial concessions without authorization from rights holders, fueling encroachment and fraud. He also said these entities were failing to comply with OECD due diligence standards, undermining the international credibility of Congolese mineral products.
Decision welcomed by industrial miners
The move has been welcomed by several industrial mining operators. A member of the Chamber of Mines of the Federation of Congolese Enterprises said many processing entities violate regulations and enrich criminal networks involved in mineral theft. The federation estimates that Eurasian Resources Group alone has lost close to $3 billion due to the spoliation of its deposits.
Beyond easing pressure on industrial concessions and restoring the credibility of Congolese exports, the measure could also strengthen the role of the state-owned Enterprise Générale du Cobalt. To enable its Gécamines subsidiary to fully exercise its legal monopoly over the trade in artisanal strategic minerals such as cobalt, President Félix Tshisekedi had called in June for strict enforcement of rules and sanctions against plants and processing entities illegally purchasing artisanal cobalt outside the EGC framework.
In the short term, the suspension could disrupt the artisanal mining ecosystem and create social tensions, particularly for cooperatives and local traders. The shutdown of artisanal copper and cobalt processing units is expected to cause an immediate loss of market outlets for the sector, with the overall impact depending on the state’s ability to enforce the decision.
Although artisanal mining contributes only marginally to national copper and cobalt output, it is estimated to employ between 1.5 million and 2 million Congolese people and indirectly support more than 10 million livelihoods, according to EGC estimates.
Pierre Mukoko
-
Company is assessing the economic viability of copper at Bisie North
-
Ongoing metallurgical tests target copper zones above tin mineralization
-
Tin remains the main exploration focus at the project
UK-based Rome Resources is assessing the economic potential of copper mining at its Bisie North project in the Democratic Republic of Congo. In an update published on December 23, 2025, the company said it is on track to finalize studies under way, at a site where tin remains, at this stage, the primary exploration target.
Over the course of the year, Rome Resources commissioned metallurgical work to assess processing methods that could allow for the economic recovery of significant copper resources located above the tin zones at Mount Agoma. The first phase of this work is nearing completion, with results expected soon, according to the company.
Published in late October 2025, Rome Resources’ maiden resource estimate highlighted the polymetallic nature of Bisie North. The estimate identified 10,600 tons of tin and 46,900 tons of copper. It is this copper potential that the company is now seeking to better develop through the metallurgical work currently in progress.
The studies involve a series of tests designed to assess the conditions under which copper extraction could be economically viable. This includes identifying the most suitable processing method and evaluating the quality of the final product.
By focusing on the copper resources at Bisie North, Rome Resources is also positioning itself in a strategic market. Copper is essential to key sectors such as electronics, renewable energy, and electric mobility and is now widely regarded as a critical metal. In this context, the International Energy Agency has warned of a potential supply shortfall by 2035, driven by demand expected to rise sharply.
Rome Resources’ ability to capitalize on these opportunities will depend on the outcome of the ongoing work, with no indication at this stage of its likelihood of success. In the meantime, the company plans to continue exploration activities, including the launch of a new drilling campaign in the first quarter of 2026.
Aurel Sèdjro Houenou, Ecofin Agency
Chinese mining group CMOC plans to raise its total investment in the Democratic Republic of Congo to $8 billion, the Ministry of Mines said.
The plan was announced on Dec. 16, 2025, during a meeting in Kinshasa between CMOC representatives and Mines Minister Louis Kabamba Watum, according to a statement from the ministry. CMOC operates the Tenke Fungurume Mining (TFM) and Kisanfu Mining (KFM) projects in the country.
Details on the scope and timeline of the planned investments were not disclosed. CMOC said it intends to deepen its engagement in the DRC, citing the country’s mining potential and an improving business climate.
In October 2025, the group’s board approved a $1.08 billion expansion of the Kisanfu mine, aimed at increasing annual copper output by about 100,000 tonnes. Construction is expected to take two years, with commissioning targeted for late 2027.
CMOC acquired an 80% stake in Tenke Fungurume Mining for $2.65 billion in 2016 and a 95% stake in Kisanfu Mining for about $550 million in 2020. The group has since made additional investments to expand production capacity at both sites, bringing total spending to more than $3 billion, based on its annual reports.
During the meeting, CMOC also presented its annual production figures, reporting roughly 700,000 tonnes of copper from its Congolese operations in the 2025 financial year, making it one of the country’s leading copper producers.
The company flagged several operational challenges, including power supply shortages and encroachment by artisanal miners on some concessions, which have disrupted operations and fuelled local tensions.
Watum said coordinated solutions would be pursued with all stakeholders and stressed the need to involve local communities in addressing concession encroachments. He also urged CMOC to invest in local power generation to reduce reliance on electricity imports from neighbouring countries.
The talks also touched on recent cooperation agreements between the DRC and other international partners, including the United States. The minister said these partnerships do not pose a threat to foreign investors, including Chinese companies, or to existing Sino-Congolese cooperation.
Ronsard Luabeya
The Mining Registry (CAMI) of the Democratic Republic of Congo has suspended new applications for mining and quarry exploration rights, effective Dec. 17, 2025. The decision was announced in a statement issued on Dec. 15, 2025. The suspension will remain in effect until further notice, as no reopening date has been set.
CAMI said the measure does not affect operations under existing rights. Applications to convert or renew mining rights, as well as registrations of assignments, leases, options, and other related transactions, will continue to be processed.
According to the registry, the decision forms part of an effort to clean up the mining cadastre. The aim is to improve the accuracy and management of the cadastral system.
The work builds on measures launched last July. A report published in August 2025 said those measures enabled the Congolese state to recover 594 mining and quarry titles. These titles covered 37,253 mining squares, representing a total area of 31,648 square kilometers, larger than Belgium.
The report also cited the administrative regularization of 210 mining rights that had been under prolonged force majeure, covering 18,709 mining squares. These titles were reclassified as active, restoring the fiscal, social, and technical obligations of the companies concerned.
Ronsard Luabeya