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Category: Mining Policy

A Call to Revoke 20% Allocation to FOMIN Operating Expenses by the Afrewatch Consortium 1 Mining Policy Mining in DRC 

A Call to Revoke 20% Allocation to FOMIN Operating Expenses by the Afrewatch Consortium

Copperbelt Katanga News
The Consortium Makuta ya Maendeleo and AFREWATCH strongly recommend that the Minister of Mines revoke her Order No. 00884/CAB.MIN/MINES/01/2022 of February 8, 2022 for non-compliance with Law No. 08/0009 of July 7, 2008 on general provisions applicable to public institutions. The Consortium Makuta and AFREWATCH have become aware of the aforementioned Order determining the percentage of FOMIN resources to be allocated to its operation and organs. Both organizations note that the Order was signed in violation of Article 23 of Law No. 08/009 of July 7, 2008 on general provisions… Read More Here
China defends its mining for infrastructure project in the DRC 2 Mining Policy Mining in DRC 

China defends its mining for infrastructure project in the DRC

arnbethnic
On March 24th in Kinshasa, the Chinese side affirmed at a press conference that they had taken enormous risks and uncertainties to create a joint venture with the DRC in order to promote a mining project and an infrastructure project. This came after the General Inspection of Finance (IGF) published a report showing an imbalance in the Chinese contract between the mining and infrastructure aspects after 15 years of operation. The Chinese Ambassador to the DRC, Zhu Jing, indicated that the IGF report does not correspond to reality and would… Read More Here
Perenco Oil & Gas Environment Social Governance (ESG) Mining Policy 

Perenco under Investigation for Corruption in African Countries

arnbethnic
The French-British oil and gas company Perenco is the target of several preliminary investigations opened in France for corruption of foreign public officials, particularly in African countries where it operates, according to sources close to the investigation. As part of these procedures, the Parisian offices of the company were searched by investigators from the Central Office for the Fight against Financial and Fiscal Infractions (Oclciff), who are in charge of the investigations, these sources confirmed, corroborating information from Challenges. The sources, however, did not specify the number of investigations opened,… Read More Here
The danger of gold mining in the Garamba National Park was discussed in a meeting with the DRC Vice-Minister of Mines 3 Mining in DRC Gold Mining Policy 

The danger of gold mining in the Garamba National Park was discussed in a meeting with the DRC Vice-Minister of Mines

Copperbelt Katanga News
The delegation, composed of the Belgian ambassador to the DRC, Jo Indekeu, and François-Xavier De Donnea, a Belgian State Minister and Chairman of the Board of Directors of the Garamba National Park, alerted the ministry to the “anarchic and illegal” development of gold mining in the Garamba National Park in Haut-Uélé. The delegation showed Godard Motemona the dangers of gold mining around the Garamba National Park. “I came to alert the minister about the anarchic development of their gold mining at the southern boundary of the Garamba National Park. This… Read More Here
Congolese officials implicated in overcharging infrastructure works in the Chinese Infrastructure for Minerals contract 4 Mining in DRC Mining Policy 

Congolese officials implicated in overcharging infrastructure works in the Chinese Infrastructure for Minerals contract

arnbethnic
The overcharging of infrastructure works noted in the 2008 agreement between the Government of the Democratic Republic of Congo (DRC) and the group of Chinese companies formed by China Airways Corporation and Synohydro is believed to be the work of Congolese officials.According to sources close to the matter, the leaders of the Congolese Agency for Major Works (ACGT) and Moïse Ekanga, former coordinator and supervisor of the famous “mines for infrastructure” contract, are implicated in this affair. In addition, the Chinese companies have agreed to revisit the Convention to correct… Read More Here
Stable Policy Attracts Mining Investment In Zambia- First Quantum Minerals 5 Mining in Zambia Mining Companies Mining Policy 

Stable Policy Attracts Mining Investment In Zambia- First Quantum Minerals

Constance
Zambia’s stable and consistent policies have sparked a resurgence in direct foreign investment, according to the nation’s largest mining company, First Quantum Minerals (FQM). “We’re now responding to the incentives, stability and consistency of policy. Mines can now seek capital whether it’s self-generated or from the wider international financial institutions,” said FQM’s Kansanshi Mining Corporate Affairs Manager Kyansenga Chitoshi, speaking on a panel of multi-industry representatives at a dissemination workshop on the key findings of the government’s 2022 Foreign Private Investment & Investor Perspective Survey. The survey is released by… Read More Here
Good governance of FOMIN can promote the mobilization of revenues up to 100 million USD per year, for future generations - Gérard Ntambwe 6 Mining in DRC Mining Policy 

Good governance of FOMIN can promote the mobilization of revenues up to 100 million USD per year, for future generations – Gérard Ntambwe

arnbethnic
The Mining Funds for Future Generations (FOMIN) was among the topics discussed during the second day of the “mines and hydrocarbons week” organized by civil society, grouped within a synergy of action for the protection, monitoring and citizen control of the natural resources of the Democratic Republic of Congo. Gérard Ntambwe, expert and consultant in natural resources, explained to members of civil society the importance of this fund set up by the legislator of the revised mining code in 2018. “Mineral resources are exhaustible and non-renewable. It is for this… Read More Here
Mining cooperatives in Haut-Katanga, denounce the invasion of their sites 7 Mining in DRC Environment Social Governance (ESG) Mining Policy 

Mining cooperatives in Haut-Katanga, denounce the invasion of their sites

arnbethnic
Artisanal miners in Haut-Katanga have been denouncing the invasion of their mining sites for nearly a month. However, they specify, they hold contracts of these mining squares in good and due form. In an update made on Saturday in Lubumbashi, the Fundi Mining company, for example, located near Mwandigusha, nearly 70 kilometers from the town of Likasi, said it was surprised by the presence of a strong team of soldiers and police sent and explaining that they came on behalf of the provincial Ministry of Mines in Haut-Katanga, and invaded this… Read More Here
Glencore reaches agreement with the Democratic Republic of Congo over past conduct 8 Environment Social Governance (ESG) Governance Mining Policy 

Glencore reaches agreement with the Democratic Republic of Congo over past conduct

arnbethnic
Glencore has reached an agreement with the Democratic Republic of Congo (“DRC”) covering all present and future claims arising from any alleged acts of corruption by the Glencore Group in the DRC between 2007 and 2018 (“Agreement”). This includes activities in certain Group businesses that have been the subject of various investigations by, amongst others, the United States Department of Justice (“DOJ”) and the DRC’s National Financial Intelligence Unit and Ministry of Justice. Under the Agreement, Glencore International AG, on behalf of its Congolese-associated companies, will pay the DRC US$180… Read More Here
Coltan ore1 Mining in DRC Coltan Environment Social Governance (ESG) Mining Policy 

UC SAS denounces a mining fraud of more than 10 million USD valued at 60 tons of Coltan and Cassiterite, perpetrated in Manono and Malemba-Nkulu in DRC

arnbethnic
A mining fraud of more than 60 tons of coltan and cassiterite, valued at more than 10 million USD, would be perpetrated in the territories of Manono and Malemba-Nkulu, in the provinces of Haut Lomami and Tanganyika. This is what the company United Cominiere SAS denounces in its press release published on Tuesday, October 22, 2022.   This company accuses a certain Hadley Nathus and a Canadian subject named Eric Allard (chairman and CEO of the company TANTALEX) who, acting in complicity with the leaders of COMINIERE, would be in collusion with… Read More Here

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