Albert Yuma backs partners into a corner
The audit of Gecamines' partners will be completed in March, opening the path for the company to renegotiate its joint venture contracts.
The conflict waging between George Forrest International (GFI) and Congolese state-run firm Gecamines for control of the Lubumbashi slag heap (AMI 391) conceals another, more strategic, tug-of-war. When it had evicted GFI from the slag heap, Gecamines is reported to
The elections scheduled in 2017 to determine Congo-K president Joseph Kabila's successor are disrupting the country's economy. The unsettling climate is taking its toll on trading firms Glencore and Trafigura, who dominate copper and cobalt trading in Katanga.