DRC Signs $180 Million Contract for Nationwide Geological Mapping with Xcalibur
The Democratic Republic of Congo has contracted Xcalibur Multiphysics Group SL for $180 million to conduct nationwide geological mapping. This project aims to enhance the understanding of the country's mineral potential and support investment in the mining sector.
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The DRC has engaged Xcalibur Multiphysics Group SL for a comprehensive $180 million project focused on airborne geological and geophysical mapping. This initiative is expected to bolster mineral exploration and investment by providing detailed geological data.
Additionally, the DRC government is recovering historical geological records from international sources and has identified approximately 64 artisanal mining zones requiring further development. Recent trends show rising lithium export prices, with lithium carbonate at $18,069.61 per tonne, indicating the mineral's growing economic significance.
The government is also enhancing mining governance and traceability, contributing over $136 million to the public treasury since October 2025. Broader efforts include the promotion of local mineral processing and plans to withdraw military personnel from mining sites.
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