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DRC
China's MMG Kinsevere launches arbitration against Gécamines

China Minmetals' DR Congo subsidiary MMG Kinsevere has launched an arbitration procedure in Paris against its partner, Gécamines. It wants $145m from the state-owned company, which it claims is blocking the expansion of its Kinsevere mine. [...]

Published on 19/04/2023 at 05:40 GMT Reading time 2 minutes

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Mining

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DRC
Annie Maboya
Asafo & Co
China Minmetals
David Cyprien Kakonge
Eric Teynier
Felix Tshisekedi
Gecamines
Guy Robert Lukama Nkunzi
International Chamber of Commerce
Jacob Grierson
Justine Muganza
Linklaters
MMG
MMG Kinsevere
Pascal Agboyibor
Roland Ziade
Thomas Clay
Weiquan Xia

DRC
Gécamines hit with monthly bills of $150,000 for financial consultancy

A judicial investigation has been launched into a contract signed last year between the Inspectorate General of Finances and the state-owned mining company.

Subscribers only Finance, Mining 17.07.2024

Botswana
China Minmetals invests heavily in Khoemacau copper mine

In March, the MMG subsidiary finalised its $1.73bn takeover of Cuprous Capital, owner of the Khoemacau copper mine in northern Botswana. This is the largest investment made by a Chinese company in the country.

Subscribers only Mining 05.04.2024

DRC
Asafo & Co bills Gécamines millions in extra fees

Paris law firm Asafo & Co should receive $9m in additional fees for its role advising Congolese state-owned mining company Gécamines in its negotiations with China Molybdenum Co (CMOC).

Subscribers only Mining 26.10.2023

Spotlight | DRC
There's more to Gécamines' record performance than meets the eye

The state-owned company had revenue of around $1bn in 2022, even though its own production has been on the wane for years. Gécamines' directors are exploring new avenues to revive the mining of "strategic" minerals.

Subscribers only Mining 01.09.2023

Gecamines' Shituru hydrometallurgical facility, which processes copper and cobalt, outside Likasi in the southern region of Katanga, on 31 January 2013.

Spotlight | DRC
Abu Dhabi's grand gold and coltan designs in the DRC

Felix Tshisekedi's private office is radically overhauling the Congolese mining sector while putting the finishing touches to an unprecedented partnership with the United Arab Emirates, which has expressed an interest in a dozen mining permits.

Subscribers only Mining 06.04.2023

United Arab Emirates President Mohammed bin Zayed and his Congolese counterpart Felix Tshisekedi.

DRC
Albert Yuma's young guard take helm of DRC's Gécamines

The state miner's new chairman and general managers appointed by Kinshasa to give Gécamines a new lease of life were all in the good books of the firm's all-powerful former boss Albert Yuma Mulimbi. They also each worked at one time for private mining firms operating in DRC, such as AngloGold and Glencore.

Subscribers only Mining 08.03.2023

DRC
New management faces old issues at MMG's Kinsevere copper mine

The appointment of Weiquan Xia as head of the Kinsevere copper mine marks a switch to Chinese management of MMG's business in the DRC in line with its majority ownership. The new general manager will first have to sort out a number of long-standing issues:

Subscribers only Mining 12.10.2020

DRC
MMG sounds out future with Kinsevere

As it nears the end of its resource of copper oxides at the Congolese mine, the Australian miner is exploring its options to continue working in the Katanga region.

Subscribers only Mining 05.03.2019

Set up email notifications for these topics

DRC
Annie Maboya
Asafo & Co
China Minmetals
David Cyprien Kakonge
Eric Teynier
Felix Tshisekedi
Gecamines
Guy Robert Lukama Nkunzi
International Chamber of Commerce
Jacob Grierson
Justine Muganza
Linklaters
MMG
MMG Kinsevere
Pascal Agboyibor
Roland Ziade
Thomas Clay
Weiquan Xia

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DRC
China's MMG Kinsevere launches arbitration against Gécamines

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DRC
Gécamines hit with monthly bills of $150,000 for financial consultancy

Botswana
China Minmetals invests heavily in Khoemacau copper mine

DRC
Asafo & Co bills Gécamines millions in extra fees

Spotlight | DRC
There's more to Gécamines' record performance than meets the eye

Spotlight | DRC
Abu Dhabi's grand gold and coltan designs in the DRC

DRC
Albert Yuma's young guard take helm of DRC's Gécamines

DRC
New management faces old issues at MMG's Kinsevere copper mine

DRC
MMG sounds out future with Kinsevere

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Indigo Publications' websites

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DRC China's MMG Kinsevere launches arbitration against Gécamines

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create a free account

Set up email notifications for these topics

DRC Gécamines hit with monthly bills of $150,000 for financial consultancy

Botswana China Minmetals invests heavily in Khoemacau copper mine

DRC Asafo & Co bills Gécamines millions in extra fees

Spotlight | DRC There's more to Gécamines' record performance than meets the eye

Spotlight | DRC Abu Dhabi's grand gold and coltan designs in the DRC

DRC Albert Yuma's young guard take helm of DRC's Gécamines

DRC New management faces old issues at MMG's Kinsevere copper mine

DRC MMG sounds out future with Kinsevere

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

DRC
China's MMG Kinsevere launches arbitration against Gécamines

DRC
Gécamines hit with monthly bills of $150,000 for financial consultancy

Botswana
China Minmetals invests heavily in Khoemacau copper mine

DRC
Asafo & Co bills Gécamines millions in extra fees

Spotlight | DRC
There's more to Gécamines' record performance than meets the eye

Spotlight | DRC
Abu Dhabi's grand gold and coltan designs in the DRC

DRC
Albert Yuma's young guard take helm of DRC's Gécamines

DRC
New management faces old issues at MMG's Kinsevere copper mine

DRC
MMG sounds out future with Kinsevere