MIBAMining in DRC Diamond 

Félix Tshisekedi requests for urgency release of 5 million USD for relaunch of MIBA | DRC

The President of the Democratic Republic of Congo, Félix Tshisekedi, during his communication to the 45th meeting of the Council of Ministers on Friday, August 21, echoed the urgency to release 5 million USD to allow the relaunch of MIBA (Minière de Bakwanga), in the application of decisions taken at previous meetings.

Also, the Head of State said he found that MIBA has never again benefited from the revenues of the Anhui-Congo Mining Investment Company (SACIM) which operates the Tshibwe diamond deposit, in the Miabi territory, within the framework of an equal partnership between the Chinese partner and the Congolese state.

He therefore instructed the Minister of Portfolio to conduct an audit on SACIM.

“The aim of this audit is to clearly identify the rights and obligations of the parties and to organize as soon as possible the transformation of this company into a public limited company as provided for in the Partnership Agreement between the parties, with the aim to endow SACIM with a Board of Directors which will provide guidance on and control social management ”, indicates the report of the Council of Ministers.

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