Congo’s export ban not enough to clear the cobalt glut
Credit: Missouri Cobalt. The Democratic Republic of Congo’s four-month suspension of cobalt exports is a sign that even the world’s largest producer is now feeling the pain of historically low…
Congo to cut cobalt exports for four months
THE Democratic Republic of Congo will suspend cobalt exports for four months to rein in oversupply of the battery metal on the international market, said Bloomberg News. Congo produces about…
Congo offers US, Europe minerals in exchange for peace
More than three-quarters of the world’s cobalt comes from Congo. (Image courtesy of The Impact Facility.) In a bold diplomatic move, Democratic Republic of Congo (DRC) President Felix Tshisekedi has…
Eastern DR Congo grapples with Chinese gold mining firms
Illegal gold mining has marred the town of Kitutu in South Kivu province, polluting rivers and destroying fields. © Glody MURHABAZI / AFP He says mining has spoilt the town
Fund for Export Development in Africa and Africa Finance Corporation power ARISE IIP’s US$443 Million capital raise
ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise of US$443 million. The funding includes a strategic US$300 million investment from
Zambia closes border with Congo, blocking key copper trade route
The Mutanda copper-cobalt mine, Democratic Republic of the Congo. Source: YouTube Zambia has temporarily shut its borders with the Democratic Republic of Congo, the government said at the weekend, in
DR Congo, UAE sign $1.9bln mining deal
The Democratic Republic of Congo (DRC) and the United Arab Emirates (UAE) have signed a mining deal worth $1.9 billion for which the Gulf country will develop several mining fields.
Families Depend on Income from Child Labour in Congo’s Cobalt Mines to Stave Off Hunger
Efforts to eliminate child labour in cobalt supply chains need to address root causes or risk further jeopardizing children’s safety and well-being OTTAWA, Canada, July 14, 2023/ — IMPACT’s (www.ImpactTransform.org)
IFC and Proparco co-finance access to electricity and agriculture
At the Summit for the New Global Financial Deal, which closed on Friday 23 June 2023 in Paris, France, Proparco and the International Finance Corporation (IFC) announced the mobilisation of
The world has a new no. 2 copper exporter
Members of Kamoa-Kakula’s multinational team of geologists and engineers (Credit: Ivanhoe) The Democratic Republic of Congo displaced Peru as the second-biggest copper exporter last year, official data from the two