GÉCAMINES equipped with new governance tools, says Portfolio Minister | DRC
The Minister of The Portfolio has expressed optimism about the recovery of GECAMINES, indicating that by taking stock of the situation, production will be able to reach 40,000 tonnes per year. According to the new governance tools of GECAMINES, the structure of the debt, the control of expenses and the financial restructuring remain to be studied.
“The government, together with this new team, has put in place a roadmap that sets out the objectives mainly on the production, organizational transformation and evaluation of the GECAMINES partnership, as recommended by the Board of Directors held last June in Kinshasa,” he told the CPA.
He went on to say that it had been decided to assess the situation of GECAMINES every three months so that it would once again become a pilot company in the portfolio in terms of the ongoing transformation of the DRC’s state-owned enterprises.
Similarly, the Minister of Portfolio took part in the Board of Directors of the General Cobalt Enterprise (EGC) in Kolwezi, the capital of Lualaba province, according to the ministry’s communications unit.
The source points out that this meeting allowed him to give guidance as a shareholder state because, created by the government, the EGC’s main mission is to supervise the artisanal production of cobalt.
As a result, he found that the artisanal activities of mines in this cobalt capital of the world in Kolwezi, even violate public and private titles.
“On the one hand, we are digging in disarray, and on the other hand, we are selling cheaply to the Chinese and the Indians,” lamented the minister, who said that in order to end this black market, the EGC will have to deal with the artisanal production of cobalt by an efficient supervision of craftsmen, thus channelling marketing with the aim of selling cobalt at its real price.
