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
Himile to invest $100 million in Egypt factory Plant to create up to 2,000 jobs Facility to serve Middle East, Europe, Americas...
Panoro to raise stake in offshore Block G to 54.625% $180 million deal with Kosmos adds 46 million barrels of 2P reserves Company targets...
Eramet halts Senegal mineral sands operations after fire damages extraction unit Force majeure declared; 900,000-ton production target put on...
Kenya sold 65% of KPC in a $825 million local-currency IPO The offer was oversubscribed, driven mainly by institutional investors Uganda...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...

Algeria–Morocco: Will the Gas Pipeline Duel Take Place? (Editorial)
03

Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...

Africa’s Comeback on International Market: Kenya Adds-up to The 2026 Wave of Sovereign Issuances
04

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
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.