Eurasian Resources Group (ERG) has signed a memorandum of understanding with the state-owned cobalt company Entreprise générale du cobalt (EGC) to formalise and better manage artisanal mining in Lualaba province, where its concessions have repeatedly been entered by informal miners.

The agreement was signed on February 10, 2026, on the sidelines of the Mining Indaba, a major African industry event held in Cape Town. Mines Minister Louis Watum Kabamba presided over the ceremony.

The deal launches a pilot project aimed at structuring artisanal mining within a defined framework. It provides for the creation of a regulated artisanal mining zone on an ERG concession, measures to improve safety and working conditions, and the introduction of traceability systems aligned with OECD due diligence standards. The initiative also seeks to ease tensions between industrial operators and artisanal miners, safeguard the rights and investments of both parties, and bring artisanal mining into a recognised legal framework benefiting local communities.

ERG said the initiative is not intended to feed its industrial output and that none of its production will come from artisanal sources. Instead, the company presented the move as support for formalisation efforts amid mounting pressure from informal mining on its concessions.

The agreement comes as industry players have warned about the scale of incursions onto mining sites. According to the Federation of Businesses of the Congo(FEC), such intrusions have caused losses estimated at nearly $3 billion for ERG. Since 2024, site invasions have been reported on concessions operated by several of the group’s subsidiaries, including Congolaise des mines et de développement (COMIDE) and Boss Mining. In a 2025 statement, Boss Mining said more than 200 trucks were entering its sites daily, carrying copper and cobalt shipments valued at around $1.8 million.

The Ministry of Mines described the agreement as a joint effort to balance the economic, social and environmental challenges facing the Congolese mining sector.

Under pressure from growing artisanal activity within industrial concessions, the mines minister announced in November 2025 the designation of 64 artisanal mining zones (ZEA). He said the decrees establishing the zones had been signed and that implementation would proceed in coordination with EGC. Since then, however, little detail has been provided on progress.

Ronsard Luabeya