Mining

DR Congo: Gécamines Starts Exporting Germanium from New Lubumbashi Plant

DR Congo: Gécamines Starts Exporting Germanium from New Lubumbashi Plant
Wednesday, 16 October 2024 16:47

Gécamines has started exporting germanium concentrate from its new hydrometallurgical plant in the DR Congo. Commissioned in October 2023, the plant should enable the DRC to supply up to 30% of the world's germanium demand.

Gécamines is set to export its first shipment of germanium concentrate this week from a new hydrometallurgical plant operated by its subsidiary, STL. This plant, which began operations in 2023, could enable the DRC to meet up to 30% of the world's germanium demand.

The first shipment will be sent to Umicore in Belgium for further processing. In May 2024, Umicore signed an agreement with Gécamines to process germanium from the "Big Hill" tailings site in Lubumbashi. Guy Robert Lukama, Chairman of Gécamines, stated: “This first shipment of germanium confirms the ambition we've had for several years of wanting to make Congo this global hub for strategic metals, both for their extraction, which we already are in part and for their local processing in the future.”

The DRC is already the world's leading producer of cobalt and the second-largest copper producer. With STL's facilities, the country wants to provide a significant portion of global demand for germanium. Ramping up its germanium output could boost the DRC's mining revenues, projected to reach 14.82 trillion Congolese francs ($5 billion) by 2025, contributing about 30% of public revenues.

China currently dominates the world’s germanium market.

Emiliano Tossou

On the same topic
Scatec signs partnership deals with Norfund, EDF for Egypt's Obelisk project Norfund takes 25% stake; Scatec retains control and 60% economic...
Scatec launches 273 MW Grootfontein solar complex in South Africa Project to supply Eskom under 20-year deal, cost $270 million Part of...
Electricity production, grids, and storage now lead global energy job creation Sector employment reached 76 million in 2024, up more than 5 million...
Koryx Copper plans to start first drilling programs at Luanshya West and Mpongwe in Zambia in 2026. The Haib project in Namibia can produce 88,000...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...

South Africa: BYD Targets 35 Dealerships by End-March 2026
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.