DRC

DR Congo: Exim Bank India Finances DRC Solar

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants. The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo. “With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the…

Africa Mining: DRC miners form new body to fight mining code

Posted on August 24, 2018 by Mozambique Resources Post

Miners operating in the Democratic Republic of Congo have formed a new body, the Mining Promotion Initiative (MPI), to engage with the government on their concerns about the country’s new code and other issues affecting the local industry.

Africa Mining: Congo copper faces increased LME scrutiny with audits

Posted on August 17, 2018 by Mozambique Resources Post

The London Metal Exchange (LME) will start requiring that copper producers which source metal from the Democratic Republic of Congo (DRC) carry out independent audits to prove their material is ethically sourced, according to people familiar with the matter.