News Industry

DRC Tightens Grip on Mining Export Revenue With 30-Day Audit

DRC Tightens Grip on Mining Export Revenue With 30-Day Audit
Friday, 01 May 2026 15:55
  • President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to foreign currency repatriation and public revenue collection.

  • The DRC exported 3,100,234 tonnes of copper and around 220,000 tonnes of cobalt in 2024, with copper shipments rising further to 3,403,006.63 tonnes in 2025.

  • In 2025, the Central Bank of Congo raised fines for failure to declare offshore accounts by more than 1,000%, according to an analysis by AKILI Consulting, and introduced new penalties targeting false declarations and shell company use.

The Democratic Republic of Congo wants to tighten oversight of mining exports, from the physical exit of cargoes through to the repatriation of foreign currency and the collection of public revenue. At the Council of Ministers held on Friday, April 24, President Félix Tshisekedi instructed the launch, within 30 days, of an audit covering the mining revenue chain.

The decision comes as exports from the sector continue to run at high levels. According to the Council's minutes, the DRC exported 3,100,234 tonnes of copper and around 220,000 tonnes of cobalt in 2024. In 2025, copper exports rose further to 3,403,006.63 tonnes.

For the executive, the issue therefore lies not on the production side but in the state's ability to actually capture the revenue generated. The minutes point to a weakness in the chain running from export to public collection, along with the non-repatriation of part of the foreign currency from mining.

Yet existing rules already frame the repatriation of export proceeds. The Central Bank of Congo's foreign exchange regulations require operators to domicile and track currency operations through approved banks, with the relevant public services involved in the information loop. The revised Mining Code also obliges mining title-holders to repatriate their export proceeds: during the amortization phase, operators can keep 40% abroad but must repatriate 60% to an account opened in the DRC; once the investment is amortized, the full amount must be repatriated.

Building on that framework, the Central Bank tightened sanctions in 2025 against mining and oil operators that failed to meet their foreign exchange obligations. According to an analysis by AKILI Consulting, fines for failure to declare offshore accounts rose by more than 1,000%, while new penalties target practices such as false declarations and the use of shell companies.

Strengthening the traceability chain

The new audit will cover two areas: compliance with export revenue repatriation obligations, and the governance of joint ventures and state mining assets. It will need to identify shortcomings, quantify uncollected revenue, and propose corrective measures.

The president also called for the finalization of the mandatory interconnection between the administrations and services involved in the mining chain, including OGEFREM, OCC, DGDA, the Central Bank of Congo, and commercial banks. The goal is to ensure that no export or import operation slips through an integrated traceability chain.

In the end, the authorities want to be able to follow a single flow from the logistics slip through to the payment of duties, the repatriation of foreign currency, and the actual collection of public revenue. The first conclusions of this work are expected by June 15, 2026, at the latest.

The reform ultimately aims to align the mining sector's performance with stronger public revenue mobilization and a consolidation of foreign exchange reserves, which the executive frames as a lever of monetary sovereignty.

Boaz Kabeya (Bankable)

On the same topic
Lotus Resources announced on Wednesday, April 29, the successful completion of the first phase of a drilling program at its Letlhakane uranium project...
President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to...
Tullow plans six wells at Jubilee in 2026, with four coming online in months Ghana’s oil output has fallen for six straight years, with Jubilee...
First Quantum to sell surplus sulfuric acid amid tightening supply Zambia disruptions, Middle East shortages cut sulfur supply...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
04

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
05

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
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.