Félix Tshisekedi requests to analyze the MoU with the Fleurette company so that the Congolese State takes over its mining and oil assets
As part of the cleaning up of the mining and hydrocarbons sector, the Head of State Félix Tshisekedi, in his communication during the 41st meeting of the Council of Ministers on Friday, February 18, reminded the government of its option exercised concerns the contracts on the mining and oil concessions of the Fleurette group for a comprehensive and amicable settlement of all disputes. The objective is, according to Félix Tshisekedi, to allow the Democratic Republic of Congo to regain control of its mining and oil assets.
“After negotiations, the commission set up concluded with the Fleurette group the terms of reference for a memorandum of understanding to enable our country to recover the oil blocks and mining assets held by the said group, valued at more than 2 billion USD as well as a substantial part of the Royalties of Kamoto Copper Company (KCC) which have been ceded to it The Minister of State, Minister of Justice has been instructed to analyze and sign the memorandum of understanding as soon as possible. between the DRC and the Fleurette company to allow the Congolese State to regain full possession of its mining and oil assets”, says the minutes of the meeting.
Fleurette is the company owned by Israeli businessman Dan Gertler. The company is at the heart of mining activities at Gecamines. This state company owed Fleurette 128 million euros since 2017.
For some time, Félix Tshisekedi has been trying to restore order in the mining sector. To this end, the government has already adopted the national strategic plan for the exploitation and certification of mineral resources. For the Government, it is a question of valuing and protecting the mining assets constituting an adequate mining portfolio with the aim of increasing the national economy to support the financing of the construction and modernization of infrastructures. An action included in Axis 30 of its Program inspired by the President of the Republic.
