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DRC

Kabila fills his Katanga basket fund

Recently urged by president Joseph Kabila to contribute to his new "basket fund," mining companies in Katanga were equally urged to say how much they would chip in as soon as possible. Not informed of the move, Moise Katumbi, governor [...] (351 words)

Issue dated 30/09/2014 Reading time 2 minutes

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Mining

Set up email notifications for these topics

DRC
Andre Kapanga
Elysee Kazadi
Freddy Elonga
Freeport-McMoRan
Glencore/Dan Gertler
Joseph Kabila
Kamoa Copper
Kamoto Copper Co
Liliane Tshimpumpu
Minerals and Metals Group
Mining Minerals Resources
Moise Katumbi
Mutanda Mining
Tenke Fungurume Mining
Yves Kabongo

Ex-chamber of mines boss Simon Tuma-Waku to grow agricultural business Free

The deputy managing director of Tenke Fungurume Mining, former minister and ex-chair of the DRC's chamber of mines is ploughing ahead with plans to farm the land he owns in Haut-Katanga.

DRC Mining 27/08/2020

US judge rejects shareholders' class action over DRC corruption allegations involving Glencore and Dan Gertler

Glencore's American shareholders, who are seeking compensation for stock exchange losses they claim resulted from suspicions of corruption in the DRC mining sector involving the trading group and businessman Dan Gertler, have had their case dimissed by a US court.

DRC Mining 29/10/2019

Glencore doubles down on security in Kamoto

Swiss trading house Glencore has made good progress on the

DRC Mining 15/10/2019

Former Tenke Fungurume and Mutanda execs set up shop to help miners

Mining operators' querying of, even concern for, the Democratic Republic

DRC Defence 30/07/2019

Police banned from mines: the reform that isn't

One of the key decisions made in the first months of Felix Tshisekedi's mandate as president of Congo-K was to

DRC Energy 02/10/2018

Kabongo, Dan Gertler's former right-hand-man speeds up dam project

Congolese businessman Yves Kabongo, close to the president's inner circle, has placed his cards on the promising Kinsuka site.

DRC Infrastructure Mining 11/09/2018

Giovanni Zunino wants to play it safe along Katanga-Zambia copper route

The transporter of ore produced by Glencore and TFM in Katanga, the businessman wants to install video surveillance on his trucks to secure their passage.

DRC Politics 25/04/2018

Moise Katumbi: his friends, his allies, his networks

Though not the only candidate in the next (as yet unconfirmed) presidential election, the ex-governor of Katanga seems to have the most extensive networks.

Moïse Katumbi, former governor of Katanga, is positioning himself for the next presidential election

DRC Mining 10/04/2018

Local analysis but international standard

The Societe de surveillance miniere (SSM), mining analysis laboratory based

DRC Mining 13/03/2018

Moore Stephens lambasts mines' financial transparency record

The report on the state of Congo-K's extractive industry for

DRC Mining 12/12/2017

Yves Kabongo, king of mining human resources

Congolese entrepreneur Yves Kabongo, former right-hand man for Israeli businessman

DRC Mining 31/10/2017

Kevin Torudag's local offensive via Bankers Cobalt Corp

On October 23, Kevin Torudag became the largest shareholder of Bankers Cobalt Corp (BCC), of which the board of directors

DRC Mining 17/10/2017

Kevin Todurag, Yves Kabongo's Katangan ally

Yves Kabongo, the former right-hand-man of businessman Dan Gertler at

DRC Mining 17/10/2017

Mining expert-cum-lobbyist Rick Gittleman launches consultancy firm

Rick Gittleman, the former legal counsel at Glencore, recently inaugurated

Spotlight

DRC Mining 09/05/2017

Glencore and Trafigura caught in Katanga tangle

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.

DRC Mining 21/03/2017

Growing numbers of French in Katanga?

Seeing opportunities for French firms in Katanga with the price

DRC Mining 07/02/2017

Good news for Glencore on electricity front in late 2017

Although Glencore is entangled in legal difficulties in Zambia, where

DRC Mining 17/11/2015

Trading agencies closed amid fears of new taxes Free

The City Hall in Lubumbashi closed a number of trading agencies for having failed to pay various minerals taxes. In

DRC Mining 06/10/2015

How bargaining with Glencore split the government

Congo-K’s government reached an agreement with Glencore on reducing its operations in the country but the road to accord was rocky.

DRC Mining 07/07/2015

Claude Polet faces local hostility

The general manager of Tenke Fungurume Mining (TFM) in Congo-K, Belgian engineer Claude Polet, has found himself dealing with a

DRC Mining 10/03/2015

TFM’s large tax bill ignites fresh doubts on legislation

As the government sends new mining legislation to parliament for approval the country has barely starting pocketing profits from existing laws.

DRC Mining 24/02/2015

Konzi caught up in anti-Katumbi drive

After a purge of officials loyal to governor Moise Katumbi

DRC Mining 27/01/2015

Kabila has his sights trained on Katanga’s finances

The central government is continuing to tighten the noose on the mining province of Katanga following a speech by governor

DRC Mining 13/01/2015

Mining firms fear civil strife in Katanga

President Joseph Kabila’s decision to strip Katanga governor Moise Katumbi of his functions as provincial chief of the PPRD party has triggered tension in Katanga.

DRC Mining 23/12/2014

Muyanbo demands clarity with mining receipts

Lawyer Jean-Claude Muyambo, president of the party Solidarite Congolaise pour

DRC Mining 23/12/2014

Kabila revives update on mining code

Contrary to what some mining firms operating in Democratic Republic of Congo imagined, a revision of mining legislation that had

DRC Mining 09/12/2014

Mining code revision: a stalemate that suits operators

With civil society is running out of patience, mining companies are only too happy about the logjam in updating legislation.

DRC Mining 25/11/2014

Tshibal stands in as governor

Due to the prolonged absence of governor Moise Katumbi, Guibert

DRC Mining 25/11/2014

Kitebi said to have squirreled away receipts

Finance minister Patrice Kitebi, who is close to Congo-K’s prime minister, has been accused of holding back over $73 million

Spotlight

DRC Mining 11/11/2014

Gertler seeks to sell Moku Goldmines to Randgold

Mark Bristow, the boss of Randgold Resources, could shortly reign over Moto’s gold belt. According to sources in Kinshasa, Dan Gertler, the diamond tycoon and mining entrepreneur, a long-standing veteran of Congo’s industry, is worried over the drop in the

DRC Mining 22/10/2013

Katumbi seeks American backing

The governor of the mineral-rich province of Katanga, Moise Katumbi, is seeking American support and to increase his region’s visibility

Insiders DRC 29/08/2013

Mines at the heart of ethnic allegiances

In this enormous country where central power is weak, ethnic allegiance counts above everything, particularly in the mineral resources sector where the political and economic stakes are high. Whoever controls the copper, cobalt, diamond and cassiterite mines of this vast land controls the manna which will finance the presidential and provincial elections of the future and the military operations needed to repel foreign forces.

Set up email notifications for these topics

DRC
Andre Kapanga
Elysee Kazadi
Freddy Elonga
Freeport-McMoRan
Glencore/Dan Gertler
Joseph Kabila
Kamoa Copper
Kamoto Copper Co
Liliane Tshimpumpu
Minerals and Metals Group
Mining Minerals Resources
Moise Katumbi
Mutanda Mining
Tenke Fungurume Mining
Yves Kabongo

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Kabila fills his Katanga basket fund

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Set up email notifications for these topics

Ex-chamber of mines boss Simon Tuma-Waku to grow agricultural business Free

US judge rejects shareholders' class action over DRC corruption allegations involving Glencore and Dan Gertler

Glencore doubles down on security in Kamoto

Former Tenke Fungurume and Mutanda execs set up shop to help miners

Police banned from mines: the reform that isn't

Kabongo, Dan Gertler's former right-hand-man speeds up dam project

Giovanni Zunino wants to play it safe along Katanga-Zambia copper route

Moise Katumbi: his friends, his allies, his networks

Local analysis but international standard

Moore Stephens lambasts mines' financial transparency record

Yves Kabongo, king of mining human resources

Kevin Torudag's local offensive via Bankers Cobalt Corp

Kevin Todurag, Yves Kabongo's Katangan ally

Mining expert-cum-lobbyist Rick Gittleman launches consultancy firm

Glencore and Trafigura caught in Katanga tangle

Growing numbers of French in Katanga?

Good news for Glencore on electricity front in late 2017

Trading agencies closed amid fears of new taxes Free

How bargaining with Glencore split the government

Claude Polet faces local hostility

TFM’s large tax bill ignites fresh doubts on legislation

Konzi caught up in anti-Katumbi drive

Kabila has his sights trained on Katanga’s finances

Mining firms fear civil strife in Katanga

Muyanbo demands clarity with mining receipts

Kabila revives update on mining code

Mining code revision: a stalemate that suits operators

Tshibal stands in as governor

Kitebi said to have squirreled away receipts

Gertler seeks to sell Moku Goldmines to Randgold

Katumbi seeks American backing

Mines at the heart of ethnic allegiances

Set up email notifications for these topics

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