Congo’s Chamber of Mines head sees more M&A due to covid-19
The coronavirus pandemic will drive a “survival of the fittest” in Democratic Republic of Congo’s mining sector and trigger an increase in deal-making, the president of the DRC Chamber of Mines said on Wednesday. “I see an increase in M&A activities post-covid-19 where the big players are shopping around for opportunities,” Louis Watum, who is also managing director of DRC operations at Ivanhoe Mines, said in a virtual panel discussion. Boris Kamstra, director of Pangea Exploration and executive director at Alphamin Resources, which manages the Bisie tin mine in Congo’s…
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