DRC Mining Newsletter 14-10-24

Rebels in eastern Democratic Republic of Congo are earning around $300,000 monthly from seized Rubaya coltan mining region

Rebels in eastern Democratic Republic of Congo have established authority over the Rubaya coltan-mining area, where they have imposed a production tax calculated to yield approximately $300,000 in revenue each month, as reported by the United Nations Security Council. The head of the U.N. mission in Congo, Bintou Keita, emphasized that trade from minerals in the Rubaya region contributes to more than 15% of the global tantalum supply, which is considered a critical mineral by the United States and the European Union. Learn more.

Barrick Gold unveils major discoveries, securing Kibali mine's future and expanding presence in DRC

Barrick Gold recently unveiled substantial new gold deposits near its Kibali mine in the Democratic Republic of Congo (DRC). These new deposits are expected to prolong the mine's lifespan and enhance its output, signifying significant progress for Kibali, Africa's largest gold mine.?

Furthermore, Barrick's president and chief executive, Mark Bristow, emphasized that the company is actively consolidating new potential areas for both gold and copper to broaden its presence within the DRC. Learn more.

Kamoa-Kakula complex and Kipushi achieves strong outputs in Q3 2024 amid challenges

In the third quarter of 2024, the Kamoa-Kakula complex achieved record results, producing 116,313 tonnes of copper in concentrate, with the phase 3 concentrator in full ramp-up. At the same time, Kipushi produced 17,817 tonnes of zinc in concentrate during the quarter.

Kamoa-Kakula's production guidance range for 2024 has been adjusted to 425,000 - 450,000 tonnes of copper and Kipushi's to 50,000 - 70,000 tonnes of zinc following power supply disruptions and various challenges encountered during the ramp-up phase. Learn more.

Alphamin Resources reports strong growth in tin production for Q3 2024, achieving record output of 4,917 tonnes

Alphamin Bisie achieved record Q3 2024 tin production of 4,917 tonnes, marking a 22% increase on the previous quarter. Learn more.

Also consider this :

• To date, only 19% of the DRC's mineral resources have been discovered and certified. Learn more.

• The Congolese government has unveiled the draft Finance Law 2025 with the contribution of mining expected to be crucial to the projected economic growth of 5.7% in 2024, underpinned mainly by a 5.3% growth rate in the mining sector. Learn more.
• Mining companies in the Democratic Republic of Congo (DRC) are forced to import electricity from Kenya and Ethiopia due to severe supply shortages. According to the Chamber of Mines, the DRC's mining sector is facing an energy deficit of between 500 and 1,000 MW. Learn more.