The appointment comes as Jubilee executes a major strategic pivot. On June 5, the company accepted a conditional binding offer from a private mining and metals trading firm to acquire its South African chrome and platinum group metal (PGM) operations for up to $90 million.
During the discussions, the ministers emphasized the importance of exchanging technical data related to oil and gas exploration and production in the Tanganyika Graben region.
ZEMA emphasized that all approved projects will be subject to ongoing environmental compliance monitoring, ensuring they meet national environmental standards and sustainability goals.
This growth occurred despite DRC’s export suspension, which was initially enacted in February and extended through September.
The move aligns with a broader trend of Chinese investment in local mineral processing to extract greater value from raw materials mined in the DRC—one of the world’s richest sources of copper.
Critics argue that the local currency remains overvalued and unstable, with many producers facing losses when their export proceeds are forcibly converted.
The company is focused on increasing production capacity and enhancing sustainability across its operations.
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Switzerland’s top criminal court convicted trading house Trafigura and a former senior executive of corruption on Friday in an unprecedented
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