Congo News
Barrick’s gold, copper surge exposes Africa as battleground for mineral supremacy
Barrick’s profits surged on stronger gold and copper production. African mines emerge as strategic pillars in global commodity supply chains. JOHANNESBURG, SOUTH AFRICA — Barrick Mining’s strong first-quarter earnings have reinforced Africa’s growing importance in global mineral supply chains, even as geopolitical and regulatory risks continue shadowing the continent’s resource boom. The mining giant reported net earnings of $1.6bn
DR Congo’s lithium gamble exposes fragile governance behind America’s strategic mineral ambitions
AVZ arbitration pause deepens uncertainty over Manono lithium project US-DRC mineral alliance raises fresh concerns about investor protections KINSHASA, CONGO – A temporary suspension of a high-stakes international arbitration over one of the world’s largest lithium deposits is exposing the fragile intersection of mining, geopolitics and governance in the Democratic Republic of Congo. Australia-listed AVZ Minerals confirmed that its
Why DR Congo is taking in US deportees — and what Africa gains or risks
DR Congo to receive US deportees from third countries US to fund logistics amid rising migration crackdown KINSHASA, CONGO — The Democratic Republic of Congo has agreed to receive migrants deported from the United States who are not Congolese, marking a controversial expansion of Washington’s migration strategy. The arrangement, effective this month, positions DR Congo among a growing number
DR Congo’s term-limit gamble risks jolting global cobalt and EV markets
Push to amend term limits rattles investor confidence Congo’s minerals place global energy transition at risk KINSHASA, DR CONGO – A growing push to amend presidential term limits in the Democratic Republic of Congo is raising alarm among investors and analysts, threatening political stability in a country central to the global energy transition. Supporters of President Félix Tshisekedi are
Congo’s oil surge drives record exports, masking structural fiscal risks
Oil volumes rise despite weaker global prices Record exports highlight dependence on hydrocarbons BRAZZAVILLE, CONGO – The Republic of Congo posted record exports in late 2025, as rising crude volumes offset falling global oil prices and pushed the trade balance to historic highs. Goods exports exceeded 1,086.1bn FCFA in the fourth quarter of 2025, driven largely by the oil
Rome Resources high-grade tin discovery in Congo signals supply hopes
High-grade tin intercepts strengthen global supply outlook Security risks threaten investment in DR Congo’s mining sector KINSHASA, DR CONGO – Rome Resources has reported high-grade tin intercepts at its Kalayi prospect, reinforcing the Democratic Republic of Congo’s role in global supply chains. The London-listed explorer announced results including a standout 1 metre at 6.6% tin and 10 metres at
DR Congo opens first gold refinery to enhance value addition
DR Congo launches first pilot gold refinery Facility targets transparency and value addition KINSHASA, CONGO – The Democratic Republic of Congo has launched its first pilot gold refinery in Kalemie, marking a significant step toward strengthening transparency and value addition in the country’s vast mining sector. The facility, located in Tanganyika Province, has a monthly refining capacity of between
Congo’s central bank turns to artisanal gold to defend franc
BCC to buy artisanal gold directly Move aims to bolster forex reserves KINSHASA, CONGO – The Central Bank of Congo is moving to directly purchase artisanal gold to strengthen foreign exchange reserves and stabilise the Congolese franc. Facing chronic currency instability and repeated external shocks, the Banque Centrale du Congo (BCC) has decided to buy gold extracted by artisanal
Congo’s Kamoa-Kakula Copper Complex boosts Ivanhoe profit to $228mn
$578mn adjusted EBITDA from Kamoa-Kakula Smelter ramp-up cuts costs, emissions KINSHASA, CONGO – Ivanhoe Mines reported $228 million in profit and $578 million in adjusted EBITDA from its flagship Kamoa-Kakula Copper Complex, underscoring the Democratic Republic of the Congo’s growing clout in global copper markets. The complex generated $3.28 billion in revenue and $1.45 billion in EBITDA at a