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DRC

Financial watchdog digs into Gécamines-Evelyne contract

The General Inspectorate of Finance, whose boss, Jules Alingente, answers directly to the president, is investigating a deal struck between the state-owned miner and Evelyne Investissement, a firm set up by French national Elie Yohann Berros. [...] (377 words)

Issue dated 07/09/2021 Reading time 2 minutes

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Mining Business

Fortescue has eyes on Dan Gertler's former iron ore project

Australian Fortescue is developing a hydroelectric project for Kinshasa and has its sights set on an iron ore deposit owned until recently by Dan Gertler. [...]

DRC Mining 04/11/2021

Keenly awaited Gécamines audit nears completion

The keenly awaited audit of state mining company Gécamines is almost complete. It was launched in September by the Inspection Générale des Finances (IGF), which is under the direct authority of President Félix Tshisekedi. [...]

DRC Energy Mining 18/10/2021

Tshisekedi launches final attack against Dan Gertler

The Israeli businessman is now entirely surrounded after losing all support in the US, Israel and Kinshasa. The Congolese president is preparing to strike a blow by enquiring about lawyers to take legal action against Gertler's companies operating in the DRC. [...]

CONGO Mining 15/10/2021

Brazzaville appoints arbitrator against Avima Iron Ore in $27bn case

The arbitration launched by Avima Iron Ore (@AvimaO) against #Congo in June 2021 will soon be the focus of a first court hearing before the International Chamber of Commerce (ICC). #Oil [...]

DRC Mining 30/09/2021

Kacy Grine, architect of the Kinshasa-Alrosa deal

Until now mainly known as the adviser to Saudi prince Al Walid bin Talal, the Frenchman Kacy Grine has been helping the DRC government to negotiate a cooperation arrangement with Russia's Alrosa in the diamond sector. [...]

Kacy Grine, adviser to Saudi Prince Al Walid Bin Talal. © EnergiespourlAfrique/Twitter

DRC Mining 20/09/2021

Glencore and Kinshasa see eye to eye on tax dispute

Glencore and the Congolese administration have reportedly agreed to a tax adjustment via several agreements. [...]

DRC Mining 09/09/2021

Lualaba interim governor lets ore trading posts flourish to keep the peace

Illegal ore trading posts have been springing up in Lualaba after Richard Muyej took leave and his deputy Fifi Masuka has opted to avoid tensions until her position is more secure. [...]

Lualaba vice governor Fifi Masuka Saini. © Fifi Masuka Saini/Facebook

NIGERIA DRC Energy Mining 06/09/2021

Frontier Services Group, founded by Erik Prince, cashes in on Chinese mining and oil firms

The firm founded by PSC veteran Erik Prince saw revenue from security contracts with extractive industry firms in DRC and Nigeria increase a lot in recent months. [...]

DRC Mining 25/08/2021

North and South Kivu inspired by Katanga's model for gold and 3T exports

The procedure for exporting minerals from North and South Kivu is an administrative headache, a situation that the DRC employers' federation believes leads to smuggling of gold and the 3Ts to its neighbours. The organisation is calling for the creation of a single exports processing station. [...]

SOUTH AFRICA Mining 29/07/2021

Metorex wins battle against its ex-director of operations

Sacked in 2016 during a major restructuring of Metorex, a company owned by China's Jinchuan Group, its former director of operations Theunis de Bruyn had been seeking more substantial compensation from his ex-employer on the grounds that Chinese colleagues had been unfairly favoured for management posts. [...]

DRC Mining 16/07/2021

After knocking out Gertler, Pol Huart forges iron links with former MIBA boss

Now that a DRC court has affirmed the Belgian mining engineer's rights over three exploration permits contested by a Dan Gertler-linked company, he has teamed up with mining veteran Trudon Katende Muya to see what's in the ground there. [...]

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DRC
Albert Yuma Mulimbi
Dan Gertler
Elie Yohann Berros
Eurasian Resources Group
Evelyne Investissement
Gécamines
General Inspectorate of Finance
Glencore
Ivanhoe Mines
Joseph Kabila
Och-Ziff
Sicomines
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