Mining Personality - Copperbelt Katanga Mining

Departing Glencore chief reinstates $1.6bn dividend despite $1.9bn loss 1

Mining veteran Ivan Glasenberg delivered his final financial results as chief executive of Glencore by reinstating a dividend of $1.6bn (£1.15bn) for shareholders, despite reporting a net loss of $1.9bn for last year. Glasenberg will step down after 20 years as boss of the mining firm this June after a difficult 2020 in which Glencore was forced to scrap its $2.1bn dividend in August and write down the value of its assets by $5.9bn. He is now to reinstate the dividend after a strong rise in commodity prices in the second half of 2020,… Read More Here

Mining in DRC Mining Personality

DRC President Felix Tshisekedi appoints Sama Lukonde Kyenge as PM

February 16, 2021February 16, 2021 admin

The appointment on Monday of Sama Lukonde Kyenge, the director general of Gecamines and ally of the president, should help Tshisekedi install a more loyal cabinet to push through his agenda. Former Prime Minister Sylvestre Ilunga Ilunkamba, a close confidant of Kabila, resigned from the post on January 28 following a vote of no confidence in the country’s parliament. It came amid an intensifying power struggle that saw Tshisekedi announcing in December he wanted to break free of a power-sharing deal with Kabila he had entered in the aftermath of a widely… Read More Here

Mining in DRC Mining Personality

DRC: Senegalese Hip Hop Star Akon Signs Mining Deal

February 10, 2021February 10, 2021 admin

Akon Goes into the Mining Sector in the DRC Hip hop artist Akon has launched yet another business endeavour on the African continent. This time the impressive undertaking is in the mining industry in the Democratic Republic of Congo as he has signed a deal to finance a copper and cobalt mine in the central African country in a joint venture with a state miner. The Senegalese star is delving into the sector by way of the firm White Waterfall LLC which is registered in the United States and sees… Read More Here

Mining in DRC Mining Personality

DRC: Central Bank Governor wishes Felix Tshisekedi a “successful mandate” at the head of the AU

February 9, 2021February 9, 2021 admin

The governor of the Central Bank of Congo (BCC), Déogratias Mutombo Mwana Nyembo, in a congratulatory message to Félix Tshisekedi, wished him a “fruitful mandate” as President of the African Union. The boss of the BCC implores in favor of the new president of this pan-African organization “the accompaniment of Almighty God” in his new responsibilities in the best interests of Africans. Note that the Central Bank is the economic and financial adviser to the government. As a result, this institution, through its expertise, is ready to make a contribution during… Read More Here

Mining in DRC Mining Personality

The Copperbelt Katanga Mining Team Congratulates DRC president on his appointment as Chairman for the African Union

February 8, 2021February 8, 2021 admin

The Copperbelt Katanga Mining team congratulates Félix Antoine Tshisekedi Tshilombo, the President of the Democratic Republic of the Congo, on his appointment as the new Chairman of the African Union for the year 2021.President Tshisekedi takes over from Cyril Ramaphosa, the President of the Republic of South Africa, who has completed his year-long term as Chairman.The African Union is a continental union consisting of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for… Read More Here

Mining in DRC Mining Personality

Ivanhoe Mines congratulates Felix Tshisekedi, President of the Democratic Republic of Congo, on his appointment as Chairperson of the African Union

February 8, 2021February 8, 2021 admin

Robert Friedland and Yufeng “Miles” Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF), today extend their congratulations to Felix Tshisekedi, President of the Democratic Republic of Congo, on his appointment as the new Chairperson of the African Union for 2021.President Tshisekedi takes over the position from Cyril Matamela Ramaphosa, President of the Republic of South Africa, who has concluded his one-year term as Chairperson.The African Union consists of the 55 member states that make up the countries of the African Continent. The African Union spearheads Africa’s development and integration… Read More Here

Mining Personality

US likely to reverse Gertler’s sanctions reprieve

February 7, 2021February 7, 2021 admin

The Biden administration is expected to reverse an 11th-hour move by the Trump administration to temporarily ease sanctions on Israeli billionaire Dan Gertler after an uproar among lawmakers as well as government officials who were left out of the decision-making process, two people familiar with the matter said. The U.S. sanctioned Gertler and his companies in 2017 for allegedly corrupt mining and oil deals in the Democratic Republic of Congo. But in his final days in office, President Donald Trump’s Treasury secretary, Steven Mnuchin, issued a license which, while not… Read More Here

Mining in DRC Mining Personality

Group of US Senators Calls for Immediate Public Cancellation of License Granted to Dan Gertler by US Treasury

February 4, 2021February 4, 2021 admin

A group of US senators are asking Janet Yellen, the US Secretary of the Treasury to open an investigation into the reasons for which the one-year license allowing Dan Gertler to transact in dollars, was granted to him. In a letter to Janet Yellen on February 1, 2021, this group of US Senators also urges the US Treasury to immediately and publicly rescind the license granted to Dan Gertler which they believe violates the spirit and letter of the Magnitsky law. “We could not agree with this statement, and urge… Read More Here

International Mining Personality

Ex-Anglo CEO appointed to Glencore board

February 3, 2021February 3, 2021 admin

Cynthia Carroll, the former CEO of Anglo American, has been appointed to the board of diversified mining and marketing company Glencore. Carroll would join the board with immediate effect and would serve as a non executive director, the Swiss-based group announced on Tuesday. “The directors are very pleased to welcome Cynthia Carroll to our board. She has extensive knowledge of the resources industry, as well as strong nonexecutive director experience,” said chairperson Tony Hayward. Carroll has more than 30 years’ experience in the resources sector. She began her career as an… Read More Here

Mining Personality

Rio Tinto unveils new executive team

January 28, 2021January 28, 2021 admin

Rio Tinto (ASX, LON, NYSE: RIO) unveiled its new executive team on Wednesday, under a new organizational structure to rebuild trust following an international outcry over the miner’s destruction of sacred Aboriginal rock shelters. Rio Tinto’s chief executive Jakob Stausholm – who assumed the role this month, replacing Jean-Sébastien Jacques after the destruction of sacred Aboriginal caves, has appointed a permanent chief executive of the iron ore business, created a chief operating officer (COO) role, and added a chief executive, Australia to his leadership team. Simon Trott, currently chief commercial officer, will become iron ore chief… Read More Here