1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Congo awards payments from Glencore mine to Kabila’s friend

By:  
 
COPPER
The Democratic Republic of Congo’s State-owned copper producer signed over millions of dollars in future payments to an offshore company owned by billionaire Dan Gertler, according to advocacy group Global Witness. Congo’s Gecamines, which holds a 25% stake in the Kamoto project of Katanga Mining , instructed the Glencore unit in January 2015 to transfer the state mining group’s royalties to Africa Horizons Investment , Global Witness said Tuesday by e-mail. Africa Horizons is a unit of Gertler’s Fleurette Group.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register