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News | Mineral Ressources

Congo Improves Natural Resources Accounting

VOA News - July 4, 2014

Gecamines copper mine in DRCongo's southern mining town of LubumbashiThe Democratic Republic of Congo, faulted last year for murky reporting on its earnings from natural resources, has improved its accounting enough to be awarded full membership in an international organization touting transparency.
Regional Leaders Sign DR Congo Peace Deal

VOA News - February 24, 2013

SADC, ICGLR leaders sign DR Congo peace deal in Addis AbabaEleven African countries have signed a peace deal aimed at ending decades of conflict in the Democratic Republic of Congo. The 11 signing countries are from the Great Lakes region and Southern Africa. The Peace, Security and Cooperation Framework for the DRC and the Region will likely lead to deploying an intervention brigade in the DRC.
U.S. SEC requires company disclosures on use of DR Congo minerals

Xinhua - August 23, 2012

Big business... But little of the hundreds of millions of dollars generated annually by DRC's mineral sector ends up in stateThe U.S. Securities and Exchange Commission has approved a rule that would require public companies to disclose information on the use of minerals from DR Congo. Public companies will have to disclose annually their tracing of the minerals back to the sources if they use in their products the designated minerals from the DRC and neighboring countries.
U.S. and U.K. Must Tell Rwanda to Stop Supporting Rebels in DR Congo, Global Witness Says

Global Witness - June 29, 2012

Rwanda's President Paul KagameRwanda’s two main donors, the United Kingdom and United States, must use their influence to end Kigali’s support of armed groups operating in the Democratic Republic of Congo. They cannot stand by and watch a regime they bankroll orchestrating a new war in Congo, Global Witness says.
DR Congo, IMF to Co-Host Conference on the Management of Natural Resources

International Monetary Fund - March 13, 2012

Congo rainforestDR Congo and the IMF will co-host a high-level conference on the “Management of Natural Resources in Sub-Saharan Africa”, on March 21-22, 2012 in Kinshasa. The event will bring together policy makers, stakeholders, academics, and civil society from around the world.
$70 Million in Congo Mining Revenue Untraceable, Investigators Say

VOA News - March 5, 2012

Gecamines copper mine in DRCongo's southern mining town of LubumbashiAnti-corruption investigators say they cannot trace more than $70 million that mining companies claim to have paid to the government. The gap between what mining companies pay and what Congo's government should receive may be far greater than the tens of millions unaccounted for, a report says.
32 Million Congolese Voters Set to Elect Their Leaders

Congo News Agency - November 27, 2011

Joseph Kabila supporters during a camgaign stop in Mbuji Mayi, Kasai-Oriental ProvinceMore than 32 million Congolese voters are set to go to the polls on Monday to elect their president and national Members of Parliament for the next 5 years. After a campaign charged with claims and counterclaims, it’s time for the voices of the Congolese people to be heard.
Rwanda gives DR Congo back tonnes of smuggled minerals

BBC News - November 3, 2011

Big business... But little of the hundreds of millions of dollars generated annually by DRC's mineral sector ends up in stateAbout 82 tonnes of smuggled minerals seized by Rwandan police has been handed back to the Democratic Republic of Congo in a sign of improved relations between the two neighbours. The minerals include cassiterite, or tin ore, as well as coltan, used in devices such as mobile phones.
UN advises prudent use of abundant resources to spur development

UN News Centre - October 10, 2011

Congo rainforestThe Democratic Republic of the Congo has the capacity to become the driving force of Africa’s economic development if its vast forests, water resources and trillions of dollars worth of mineral reserves are used prudently, according to the findings of a United Nations assessment released today.
DR Congo growth above 7 percent in 2010 - IMF

International Monetary Fund - September 3, 2011

IMF - Congo"Macroeconomic performance was strong in 2010. Real gross domestic product (GDP) growth was above 7 percent, inflation fell to below 10 percent for the first time in several years, and the external position improved," says the International Monetary Fund.







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