Katanga Mining to transfer $150m to Gécamines by end of August
The Canadian company plans to implement the retrocession agreement reached with the state-owned company as quickly as possible, in spite of calls to delay payment for the copper mining land parcels due to accusations of corruption surrounding the transaction.
24/08/2020 at 07h50, by Tarik Bargal
Those that oppose the imminent transfer of a first instalment point out the risk of the funds being siphoned off by Dan Gertler, the Israeli businessman close to the government, and subject to US sanctions.
Recommended articles
Mineral resources
05/06/2023 at 19h54, by Africa Business+
More appointments at Gécamines to support new management’s strategy
On 25 May, changes took place at the head of key departments of the Congolese state-owned company.
Mines
15/07/2022 at 15h24, by Africa Business+
Mauritania pockets €48m Saudi cheque to develop iron ore mine
The Guelb Atomai field is operated by a joint venture owned equally by SNIM and SABIC.
Advisory
02/03/2022 at 16h27, by Africa Business+
Congolese advisors in the Gécamines versus China Molybdenum’s Tenke Fungurume Mining dispute
The Congolese copper and cobalt company recently obtained provisional management of the mine through...
Mines
01/07/2021 at 09h14, by Africa Business+
Caminex head Elias Pungong wants Yaoundé to sign agreement on Nkout iron ore mine
The construction of the Mbalam-Kribi railway line will make it possible to exploit the mine in the far...
Mines
25/03/2021 at 18h44, by Africa Business+
BMO Capital Markets alumni raise $9 million for manganese mine in Botswana
Giyani Metals Corp, a mining company listed on the Toronto Venture Exchange, has completed a $9 million...
Mines
24/03/2021 at 17h34, by Africa Business+
Namibia: Paladin recapitalises to reopen uranium mine
The Australian group, supported by China National Nuclear Corp (CNNC), has raised nearly $170 million...