Governance - Copperbelt Katanga Mining

GED Africa and the DRC government have signed a major long-term infrastructure development agreement

April 12, 2022April 12, 2022 arnbethnic

GED Africa, the DRC Ministry of Infrastructure and the Agence Congolaise des Grands Travaux (ACGT) are finalizing the 25-year Concession Agreement outlining the infrastructure development needs of the DRC segment of the GED Africa Route. Kinshasa, Democratic Republic of Congo, April 11, 2022- The signing of this Concession Agreement marks a critical milestone for the project, and paves the way for the construction of a new road between Kasomeno, in the Democratic Republic of Congo (DRC) and Mwenda , in Zambia. Key features of this multilateral infrastructure project include a… Read More Here

Mining in DRC Governance

World: mining governance in the DRC is the weakest of all the countries in the world

March 30, 2022March 30, 2022 admin

Although it has significant reserves of raw materials in the world, the Democratic Republic of Congo is failing through its governance in this sector, observers from the NGO Natural Resource Governance Institute (NRGI) report in a report published recently. According to the 2021 Natural Resource Governance Index, the governance of the mining industry in 7 out of 13 countries is “ weak ” or “ insufficient ”. Mining governance in the Democratic Republic of Congo is the weakest of all countries. This governance, presented as the weakest of all, keeps local communities in the… Read More Here

Mining in Zambia Copper Governance

Provisional liquidator of Zambia’s Konkola Copper Mines, Milingo Lungu resigns

March 20, 2022March 20, 2022 arnbethnic

The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), a company over which Vedanta Resources and the government have been locked in a long dispute, Milingo Lungu has resigned. Lungu has resigned from his position as Konkola Copper Mines Plc Provisional Liquidator with immediate effect. According to his resignation letter dated March 17, 2022 and addressed to KCM official receiver Natasha Kalimukwa, Lungu did not give any reasons for his decision. “This serves to inform you that I have with immediate effect resigned as Provisional Liquidator of Konkola Copper Mines… Read More Here

Mining in DRC Economy Governance

Félix Tshisekedi summons public companies including SNEL and REGIDESO to digitize their financial systems

March 20, 2022March 20, 2022 arnbethnic

The President of the Republic Félix Tshisekedi summons public companies to comply with the digital system for optimized management to improve their performance on many indicators. On this subject reports the minutes of the 45th meeting of the Council of Ministers, he instructed the Minister of State, Minister of Portfolio assisted by the Minister of Digital to ensure that all State portfolio companies can produce and implement suitable roadmaps for their respective digital transformation with a priority on everything related to their finances. “Specifically with regard to the national electricity company… Read More Here

Mining in Zambia Governance

Africa praises Zambia’s late ex-president Rupiah Banda

March 18, 2022March 18, 2022 arnbethnic

Zambians are somber as they prepare to silence their former (fourth) Republican President, Rupiah Bwezani Banda, affectionately known as “RB,” who died of colon cancer on March 11, 2022 at the age of 85. He was diagnosed and treated for the disease in 2020. The funeral was scheduled for Friday March 18 at Embassy Park Presidential Cemetery in Zambia’s capital, Lusaka. Current President Hakainde Hichilema has since declared the day a national holiday. The country has observed seven days of national mourning in Banda’s honor. Banda was greeted by the… Read More Here

Mining in Zambia Copper Governance

Provisional liquidator of Zambia’s KCM suspended – official

March 11, 2022March 11, 2022 admin

The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), Milingo Lungu, has been suspended, the country’s Official Receiver said in a statement on Thursday. Zambia’s previous government, which owns 20% of KCM through State mining investment firm ZCCM-IH, handed control of KCM to Lungu in 2019, triggering a protracted dispute with Vedanta Resources, which owns the remaining 80%. Official Receiver Natasha Kalimukwa suspended Lungu after receiving a complaint from ZCCM-IH “relating to contract mismanagement, financial mismanagement, and asset mismanagement”, she said in a statement. Lungu told Reuters the Official Receiver has no power… Read More Here

Mining in DRC Governance

CNPAV welcomes govt’s initiative and demands publication of elements contained in Dan Gertler agreement for more transparency

March 2, 2022March 2, 2022 admin

Civil society, through the Congo is not for sale (CNPAV) campaign, welcomes the start of the process of recovering the assets held “illegally and irregularly” by Dan Gertler, through a memorandum of understanding signed between the Congolese State and the Israeli businessman. On this, the CNPAV requires the publication of the elements contained in this agreement for more transparency. During a press briefing held this Tuesday, March 1 in Kinshasa, the CNPAV provided an update on the memorandum of understanding signed between the DRC and the Israeli businessman, Dan Gertler. “We… Read More Here

Mining in DRC Governance

Agreement between the Government and Dan Gertler- an amicable settlement and questions

February 28, 2022February 28, 2022 arnbethnic

Dan Gertler moved up to the presidency of the Republic. It’s a big day for him. He and his team are happy. They say they are relieved. They even thank Felix Tshisekedi. It is no coincidence that the signing of the memorandum of understanding is done directly at the Presidency of the Republic. The case was taken in hand directly by the cabinet of the Head of State even if it is Minister Rose Mutombo who affixes her signature alongside that of the Israeli businessman. What we know According to the government and Dan Gertler, all… Read More Here

Mining in DRC Governance

Kinshasa amicably recovers mining assets from Israeli Dan Gertler

February 28, 2022February 28, 2022 arnbethnic

Dan Gertler, the Israeli businessman accused of illicit enrichment in the DRC. Ph. Third Party Rights. The Congolese State has concluded an amicable agreement with the Israeli businessman Dan Gertler by which he recovers “disputed mining and oil assets” valued at more than 2 billion dollars, announced Friday evening the cell of communication from the presidency to Kinshasa. This agreement, signed Thursday at the presidency and whose terms have not been specified, “puts an end to the legal dispute” which opposed the Democratic Republic of Congo to Dan Gertler, adds the… Read More Here

Mining in DRC Governance

“Gertler caused the DRC to lose 2 billion USD, charges dropped without explaining what was recovered”

February 28, 2022February 28, 2022 arnbethnic

On Thursday, February 24, the government signed an amicable memorandum of understanding with the Ventura group of Israeli businessman Dan Gertler. This expectation puts an end to the legal dispute between the two parties and allows the Congolese State to recover disputed mining and oil assets linked to Dan Gertler. The Congolese presidency is delighted and speaks of a historic first for the country: “The Congolese State will therefore revalue these assets for the exclusive benefit of the population according to the vision of the Head of State”, says the cabinet of… Read More Here