Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

Asia Mineral Signs Manganese Joint Venture Deal in DRC’s Kongo Central

Asia Mineral Signs Manganese Joint Venture Deal in DRC’s Kongo Central

Asia Mineral, a Japanese mining company, has moved to expand its footprint in the Democratic Republic of Congo. On June 28, 2025, it signed a memorandum of understanding (MoU) with Congolese firm Kerith Resources to form a joint venture named Kivuvu Kongo Mines. The new company will mine and process manganese in Kongo Central province.

The deal was signed during the DRC-Japan Economic Forum in Tokyo under the theme “Investing in the DRC.” Prime Minister Judith Suminwa Tuluka led the Congolese delegation, joined by several government officials.

According to Actualité.cd, Felly Samuna, president of the Kongo Central Chamber of Commerce and Industry, confirmed the joint venture will be officially established in the province within two weeks. Asia Mineral will hold 60% of the venture, and Kerith Resources, a Congolese partner with limited public profile, will hold the remaining 40%.

Uncertain Reserves, Clear Intentions

Kivuvu Kongo Mines plans to tap into manganese reserves in Kongo Central. However, officials have not confirmed the site’s full potential. Asia Mineral began the exploration phase in Luozi territory in May.

At a Tokyo press conference, Foreign Trade Minister Julien Paluku said the project’s initial investment stands at $50 million. He said the company aims to produce 2 million tonnes of manganese annually.

The project could generate 2,500 direct jobs and stimulate local industries, including logistics, industrial subcontracting, and services.

For the Congolese government, the venture supports its broader strategy to diversify the mining sector. Officials aim to attract more partners, explore new minerals, expand mining areas, and promote local processing to increase the value of extracted resources.

This article was initially published in French by Ronsard Luabeya (intern)

Edited in English by Ange Jason Quenum

 

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
drc-us-cooperation-president-tshisekedi-appoints-new-ambassador-in-washington-amid-shifting-tides
The Democratic Republic of Congo has a new face in Washington. On June 10, President Félix Tshisekedi appointed Yvette Ngandu Kapinga as the country’s...
critical-minerals-pascal-agboyibor-appointed-as-negotiator-in-us-drc-talks
Pascal Agboyibor, a Franco-Togolese business lawyer, has been appointed as one of the 22 members of the strategic coordination unit overseeing the mining...
embezzlement-matata-ponyo-sentenced-to-10-years-of-hard-labor
Former Congolese Prime Minister Augustin Matata Ponyo was sentenced on May 20, 2025, to 10 years of hard labor and five years of deprivation of access to...
africell-appoints-new-ceo-in-dr-congo
Kory Webster is the new CEO of Africell DRC, the Congolese subsidiary of US-based Africell Group. In a press release dated May 19, 2025, the group...

African Economies

MOST READ

Please publish modules in offcanvas position.