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Category: Mining Policy

DRC: Congo is not for sale recalls the state losing more than $2 Billion USD to assets enjoyed by Dan Gertler 1 Mining in DRC Mining Policy 

DRC: Congo is not for sale recalls the state losing more than $2 Billion USD to assets enjoyed by Dan Gertler

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The Congo is not for sale campaign recalls that Dan Gertler continues to benefit from other important assets, notably in the mining sector of the DRC, which have already caused the Congolese state to lose more than $ 2 billion and which continue to generate him more than $ 200,000 a day despite the American sanctions for corruption.  This media release of these civil society actors comes after the announcement of the Congolese authorities of the expiry of the research permits for blocks 1 and 2 of the Graben Albertine,… Read More Here
DRC: Jean-Pierre Kiwakana calls for transparency in the management of mining revenues 2 Mining in DRC Mining Policy Mining tax 

DRC: Jean-Pierre Kiwakana calls for transparency in the management of mining revenues

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During the closing ceremony of the April 2021 session, held on Tuesday, June 1 at the People’s Palace, the President of the Economic and Social Council (CES), Jean-Pierre Kiwakana Kimayala, appealed to the government for transparency in the management of mining revenues, especially since mining is a sector likely to boost the development of the Democratic Republic of the Congo. “The CES in its recommendations on the mining sector, encourages sustainable local development from the transparent and adequate management of mining revenues generated by the mining royalty, the 0.3% allocation… Read More Here
Ivanhoe's response regarding copper concentrate exports from the Democratic Republic of Congo 3 New Mining Projects Copper Mining in DRC Mining Policy 

Ivanhoe’s response regarding copper concentrate exports from the Democratic Republic of Congo

arnbethnic
Ivanhoe Mines responds to media reports regarding copper concentrate exports from the Democratic Republic of Congo Discussions are ongoing with DRC Government officials regarding an individual concentrate export derogation KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) is responding today to a media report stating that miners in the Democratic Republic of Congo (DRC) received an order on May 26, 2021 that has banned the export of copper and cobalt concentrate from the country. Ivanhoe Mines confirms that it is aware of the order issued to… Read More Here
DRC: Albert Yuma pushes F. Tshisekedi to recruit cabinet in claiming 6.5 billion USD loss from Gécamines and multinationals 4 Mining in DRC Mining Policy 

DRC: Albert Yuma pushes F. Tshisekedi to recruit cabinet in claiming 6.5 billion USD loss from Gécamines and multinationals

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Group photo with the CES office, in the middle Abert Yuma with Jean-Pierre Kiwakana, CES president on his left.  For the President of the FEC and President of the Board of Directors of Gécamines, what he qualifies as injustice must be corrected to allow the Congolese State to come within its rights in relation to the “unbalanced” joint ventures signed in early 2000s between Gécamines and multinational mining companies. Beyond the structural imbalances in the joint ventures signed between Gécamines and its mining partners, the industrial and financial management practices… Read More Here
DRC: CNPAV considers Dan Gertler's proposal "less relevant" and calls for a judicial inquiry rather than a round table 5 Mining in DRC Governance Mining Policy 

DRC: CNPAV considers Dan Gertler’s proposal “less relevant” and calls for a judicial inquiry rather than a round table

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The Congo is not for sale (CNPAV), in a press release published this Friday, May 14, gave its opinion on the proposal made by the Israeli businessman Dan Gertler on the proposal of a round table bringing together this platform with other “unidentified” civil society groups First, the CNPAV doubts the credibility of this proposal because it has not been officially informed. It is through the media that the CNPAV declares that it was informed of this proposal.  “Congo is not for sale saw a document allegedly from Mr. Gertler’s ‘communication… Read More Here
DRC: the CNPAV estimates past losses of GECAMINES in its shares and royalties within Mutanda Mining from 2011 to 2020 6 Mining in DRC Cobalt Copper Governance Mining Policy 

DRC: the CNPAV estimates past losses of GECAMINES in its shares and royalties within Mutanda Mining from 2011 to 2020

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Congo is not for sale (CNPAV) estimated the DRC’s past losses in its shares and royalties, in one of the country’s largest mining companies, “Mutanda Mining”, at more than one billion euros. US dollars (1,035,000,000 USD), from March 2011 to December 2020. This is revealed by the report of this civil society platform entitled: “Billions lost: financial investigation into Dan Gertler’s transactions in the sector extractif ”, published Wednesday, May 13 in Kinshasa. Mutanda has been in the top 3 of the largest mining companies in the DRC for most… Read More Here
DRC: Dan Gertler invites "Congo is not for sale" to a roundtable to clarify its mining activities 7 Mining in DRC Corporate social responsibility Mining Policy 

DRC: Dan Gertler invites “Congo is not for sale” to a roundtable to clarify its mining activities

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In reaction to the publication, on Wednesday May 12, 2021, of the results of the last survey of the coalition of civil society organizations “The Congo is not for sale”, the businessman Dan Gertler suggests the next outfit , at a date and place agreed upon, a round table to clarify various misunderstandings and erroneous information contained in the latest CNPAV entitled: “Lost billions: a financial investigation into Dan Gertler’s transactions in the sector extractive ”. In a statement, Dan Gertler’s communication department indicates that their desire is to hold… Read More Here
Barrick Gold opens discussion with DRC Govt. on controversial 2018 mining code 8 Mining in DRC Mining Policy 

Barrick Gold opens discussion with DRC Govt. on controversial 2018 mining code

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MARK Bristow, CEO of Barrick Gold, said he expected “real change” in the regulatory and political environment of the Democratic Republic of Congo (DRC) following the formation of “a true” coalition government in the country. DRC president, Felix Tshisekedi, formed a new cabinet in April signalling that the balance of power in the central African country may have shifted. Previously, the cabinet reflected the influence of the former head of state, Joseph Kabila. “I think we will land on a proper set of legislation and allow investors to get money out… Read More Here
Kalambayi Mines Minister 2DRC Mining in DRC Mining Personality Mining Policy 

DRC’s New Minister of Mines Kalambayi, Promises to Benefit the Congolese Population from Mineral Wealth

arnbethnic
Antoinette N’Samba Kalambayi officially took up her duties as Minister of Mines during a handover and resumption ceremony on Wednesday April 28, 2021 with Willy Kitobo. In reaction, the new boss of the mines promised to work for the Congolese population to benefit from mineral substances. “I have worked all my professional life in the Ministry of Mines. We are going to work in common agreement with all the administrative staff as well as the specialized services of the mining sector so that tomorrow we can talk about the DRC, a… Read More Here
DRC Deputy Minister of Mines,promises to work in transparency for the benefit of the Public Treasury 9 Mining in DRC Mining Personality Mining Policy 

DRC Deputy Minister of Mines,promises to work in transparency for the benefit of the Public Treasury

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The handover and resumption between Godard Motemona and Alpha Denise Lupeto, respectfully, incoming and outgoing Deputy Ministers of Mines, took place 24 hours after the passing of the torches between the incumbent Minister Antoinette N’samba Kalambayi and Willy Kitobo, the outgoing Minister. Three highlights marked this ceremony. First, the exchanges of civility between the two personalities. Then, their speeches followed as well as the signing of minutes of delivery and resumption accompanied and the delivery of some specific documents of the Deputy Minister of Mines, in particular the certificate of the Kimberley… Read More Here

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