DRC

DR Congo: Exim Bank India Finances DRC Solar

Posted on by Mozambique Resources Post
DR Congo: Exim Bank India Finances DRC Solar

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…

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Africa Mining: Congo copper faces increased LME scrutiny with audits

Posted on by Mozambique Resources Post
Africa Mining: Congo copper faces increased LME scrutiny with audits

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.

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Africa Oil & Gas: Congo defends right to explore for oil in national parks

Posted on by Mozambique Resources Post

Democratic Republic of Congo’s oil minister on Thursday defended the country’s right to explore for oil anywhere on its territory after media reports that President Joseph Kabila approved drilling in Africa’s largest tropical rainforest reserve.

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