Second time lucky for Banro and Shomka over sale of Namoya gold mine?
The deal reached in late June by Canada's Banro to cede the Namoya gold mine in the DRC to Hong Kong's Shomka Resources has fallen through. It is now another entity controlled by Shomka's boss that is negotiating the acquisition of Namoya. [...]
Former deputy mines minister takes control of Banro's ill-starred Namoya gold deposit
Shomka Resources, the company which has just acquired Congo's Namoya gold mine from Canada's Banro group, is headed by Victor Kasongo Shomary, a former deputy mines minister during the presidency of Joseph Kabila. [...]