Tag: Gecamines

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How the U.S. Aims to Seize Control of Critical Congolese Minerals and Curb Chinese Expansion

By signing the strategic partnership agreement with the Democratic Republic of the Congo (DRC), the United States achieved two key objectives in its critical minerals strategy: first, securing preferential access to copper, cobalt, zinc, gold, and other minerals considered strategic; and second, establishing a regulatory framework ...

Analysts Doubt Congo’s Cobalt Export Restrictions Will Do Much to Boost Prices in the Long Term

The Democratic Republic of the Congo extended a four-month export ban on cobalt exports in a bid to further constrain supply and boost prices of the critical metal that's used to manufacture electric vehicle batteries. The government hopes that by keeping additional ...

How China’s CMOC Came Out Ahead in $2 Billion Settlement to End Congo Mining Feud

Chinese mining giant CMOC announced that it has settled a years-long dispute with the DR Congo's state-run mining company Gécamines that both sides hope will conclude a bitter feud between the two firms over royalty payments from the massive Tenke Fungurume mine (TFM), one of the world's ...

China’s CMOC Reaches Breakthrough Contract Settlement Deal With DRC Over the TFM Cobalt Mine

The Chinese mining giant CMOC announced on Wednesday that it finalized a deal with the DR Congo's state-run mining company Gécamines over royalty payments for the massive Tenke Fungurume (TFM) copper and cobalt mine. CMOC said in a statement published on ...

Fierce Debate Underway in the DR Congo Over Whether China Has Met Its Infrastructure Development Obligations

The Congolese stakeholders in the controversial Chinese mining joint venture Sicomines are calling for further revisions to the controversial multibillion-dollar resource-for-infrastructure deal. At issue are stark differences in what the Congolese side believes it's owed in terms of infrastructure development and ...

Analysis from Cobus van Staden

2026: Africa-China Relations in a World Shaped by North-South Geopolitics

When talking about Africa–China relations, one is always moving along a sliding scale. There are myriad interactions with Chinese entities that concern only individual African countries, segueing into trends affecting the whole continent and sliding further into global dynamics shaping the developing world, of which Africa is the heart.

The Africa-China relationship is its own thing, but Africa’s fate can’t easily be separated from factors affecting the wider Global South, ...

China’s CMOC Set to Overtake Switzerland’s Glencore as the DR Congo’s Top Cobalt Producer

CMOC Group is forecast to overtake Swiss mining giant Glencore as the largest producer of cobalt when the Chinese company brings another massive mine online later this year. Cobalt is a critical ingredient used to manufacture batteries for electric vehicles and ...

Is the DRC Making Progress in Reshaping Its Controversial Chinese Deals? Maybe.

The Democratic Republic of Congo could be closer to overhauling two controversial Chinese deals. Finance Minister Nicolas Kazadi told Reuters the government is in active talks with Sicomines, a joint venture between the DRC’s state mining company Gécamines, and Sinohydro and China Railway Group, who were supposed to ...

WEEK IN REVIEW: A Military Stand-off Between a Chinese-Run Mining Company and the DRC’s State-Owned Mining Giant Gécamines Heading to Arbitration

A military stand-off between a Chinese-run mining company and the DRC's state-owned mining giant Gécamines is heading to arbitration.  Congolese army forces took control of two of the Australian-based, Chinese-controlled company MMG's mines in Haute Katanga. After the company's appeals to Congolese authorities went unanswered, MMG is now ...

Chinese Mining Giant CMOC Bats Back Fresh Rumors Its TFM Cobalt Mine in the Congo Has Been Suspended

Chinese mining giant CMOC (previously known as China Molybdenum) denied new rumors that Congolese authorities had shut down operations at its massive TFM copper and cobalt mine in the southern DRC. "At present, TFM's production and operation are normal," 

CMOC’s Cobalt Earnings Jump as Prime Minister’s Mediation Attempt Falters

China Molybdenum (aka CMOC/China Moly), the Chinese minerals giant running one of the Democratic Republic of Congo’s largest cobalt mines, has reported record net profits of about $606 million for the first six months of the year. Profits are up 72% year-on-year, despite ongoing disputes between CMOC and Gecamines, the DRC’s ...

DRC Prime Minister to Intervene in Cobalt Dispute

Jean-Michel Sama Lukonde, the Prime Minister of the Democratic Republic of Congo, will host new negotiations between the state mining company Gecamines and the giant Chinese cobalt miner China Molybdenum (CMOC).  The intervention is aimed at breaking the deadlock between the two, due ...

Will the DRC Prime Minister Break the Deadlock with China Moly? Mining Expert Géraud Neema Weighs In

1. What are the politics behind these talks that we’re not seeing? Geraud Neema: There is a stalemate between the parties namely CMOC on one side and Gecamines executive, TFM temporary administrator, and the revision committee on the other. Through political ...
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