Why is Dan Gertler transferring his oil assets to new firms?
The Israeli diamond dealer is trying to counter the effects of US sanctions on his Congolese companies and is hoping to get a new extension on his oil permits.
Kazakhstan's Eurasian Resources Group, which runs the Metalkol metal reprocessing venture, has been working hard to build itself a reputation for responsible management in the DRC. Israeli businessman Dan Gertler has jeopardised its efforts, however, with a headline-grabbing proposition to use some of the proceeds from the venture to set up an investment scheme for the benefit of the DRC public.
Och-Ziff Capital Management Group, which recently changed its name to Sculptor Capital Management, has settled its dispute with former Africo shareholders over its takeover of the Kalukundi copper project in association with Dan Gertler. It still faces the threat of further legal action, however, from civil society interests.
Immediately after returning from the Investing in African Mining Indaba week in Cape Town, Albert Yuma Mulimbi, chairman of Gecamines, stuck straight in to turning his threats to revise the state-run firm's mining contracts (AMI 409) into action.
The UK intelligence community is holding its breath - and getting out the popcorn - in anticipation of what looks set to be another major email hack and leak operation that could impact several major cases including the never-ending ENRC saga.