"GECAMINES" - All our articles - Africa Intelligence

Spotlight | DRC
IGF opposes Gécamines over mega-bonuses worth €40m

Gécamines' board of directors voted to pay a 5% bonus to the members of the committee that negotiated a $1.6bn deal with China's Tenke Fungurume Mining.

Subscribers only Mining, Business 15.01.2024

Gécamines' headquarters in Lubumbashi, DRC, on 16 January, 2021.

DRC
Portfolio Minister Kayinda set to decide on Gécamines embezzlement allegations

Portfolio Minister Adèle Kahinda received a file on 16 November from the DRC's auditing body, the Inspection Générale des Finances, concerning payments from Société Immobilière Congolaise (Simco) to 27 Gécamines executives.

Subscribers only Mining 17.11.2023

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

DRC
Gecamines executives suspected of embezzling $10m

Breaking news published on 24/10/23 at 16:01 GMT - According to a document that Africa Intelligence has seen, state auditors suspect 30 Gecamines managers of embezzlement.

Subscribers only Mining 24.10.2023

Gécamines' headquarters in Lubumbashi, DR Congo.

DRC
EGC struggles to make cobalt comeback

Five months after the arrival of its new managing director, the Gecamines subsidiary has still not revived its partnership with trading giant Trafigura, nor has it signed an ore processing agreement with Buenassa, contrary to some reports.

Subscribers only Mining 20.10.2023

Spotlight | Zambia
China invests $1.3bn in the Copperbelt to safeguard its partnership with Lusaka

State-owned China Non-Ferrous Metals Mining Corp plans to invest heavily in its Zambian subsidiary, NFC Africa Mining, which operates the Chambishi Mine in northern Zambia. This investment is designed to preserve its special relationship with Lusaka.

Subscribers only Mining 04.10.2023

Zambian President Hakainde Hichilema with his Chinese counterpart Xi Jinping during a state visit to China, 15 September 2023.

DRC
IMF remains cautious ahead of polls

Following the visit to Kinshasa in mid-September by a technical mission under the Extended Credit Facility agreement, the IMF expressed concern at an increase in spending in the run-up to the forthcoming elections.

Subscribers only Finance 26.09.2023

In Focus | DRC
NB Mining affair: bumpy road ahead for opposition candidate Katumbi in run up to presidential elections

Africa Intelligence has gained access to previously unpublished documents that shed harsh new light on the legal battle over the assets of NB Mining that pits Congolese politician Moïse Katumbi against French businessman Pascal Beveraggi.

Subscribers only Mining, Politics 04.09.2023

For nearly three years, Pascal Beveraggi has been engaged in an all-out hunt for the funds, debts and assets recovered by his great rival Moïse Katumbi.

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.

DRC
Kazakh miner ERG clashes with presidential family in Lualaba

In June, the army conducted investigations to find out who is behind the artisanal diggers working on ERG's mining permits. The names of presidential family members and a cooperative belonging to Lualaba province's acting governor came up during on-site interviews.

Subscribers only Mining 28.07.2023

ERG CEO Benedikt Sobotka and Congolese President Félix Tshisekedi.

Spotlight | DRC
Kinshasa turns to the mining companies for fresh funds

As it struggles to balance its books despite record revenues last year, Kinshasa is looking to the mining sector to help it improve its finances. The government is using every means at its disposal, including a tax on exceptional profits and an increase in Chinese companies' royalty payments.

Subscribers only Mining 21.06.2023

President of the DRC Felix Tshisekedi, 4 February 2023.

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

The former Bolloré executive Eric Kalala is preparing to take the helm at the Entreprise Générale de Cobalt. With this appointment, the Congolese president hopes to breathe new life into the Gécamines subsidiary, which has been somewhat neglected since its creation in 2019.

Subscribers only Mining 29.05.2023

Congolese president Félix Tshisekedi in Beijing on 26 May 2023.

Spotlight | DRC
MbZ and Tshisekedi finalise arms and mines deals

Kinshasa and Abu Dhabi are secretly finalising an unprecedented deal that would include major mining projects and may also have a military component.

Subscribers only Defence, Mining, Diplomacy 02.05.2023

UAE President Mohamed bin Zayed al-Nahyan with RDC's president Felix Tshisekedi in Abu Dhabi, on 19 January 2023.

Central Africa
Beveraggi gains upper hand over Katumbi in NB Mining Africa dispute

The mining services firm remains at the heart of a protracted legal dispute between the French entrepreneur and the former governor of Katanga. The battle has recently swung in Beveraggi's favour and he is now recovering funds from Ecobank and Gécamines.

Subscribers only Business 21.04.2023

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.

Subscribers only Mining 19.04.2023

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
Kinshasa hones Sicomines strategy ahead of talks with Chinese partner

President Felix Tshisekedi has asked his ministers and advisers to set out the key requests the government will take to the Chinese part of Sicomines. The two sides need to meet to negotiate a 'review' of its mining convention.

Subscribers only Infrastructure, Mining 27.03.2023

Inner circles | Guinea
Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

The revenues of the company that manages the state's mining interests have increased significantly, particularly in the bauxite sector, and it is now directly selling some of the minerals it extracts, in particular to the Chinese.

Free access Mining, Commodity traders 10.03.2023

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
Public debt has nearly doubled under Tshisekedi

The DRC's public debt has risen from $5.6bn to $10bn since Felix Tshisekedi came to power four years ago. The number of new projects has increased sharply, while budget arrears have continued to accomulate.

Subscribers only Finance 20.02.2023

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

Senegal
Guns and oil drive Russia's Dakar courtship

Gecamines

Spotlight | DRC
IGF opposes Gécamines over mega-bonuses worth €40m

DRC
Portfolio Minister Kayinda set to decide on Gécamines embezzlement allegations

DRC
Asafo & Co bills Gécamines millions in extra fees

DRC
Gecamines executives suspected of embezzling $10m

DRC
EGC struggles to make cobalt comeback

Spotlight | Zambia
China invests $1.3bn in the Copperbelt to safeguard its partnership with Lusaka

DRC
IMF remains cautious ahead of polls

In Focus | DRC
NB Mining affair: bumpy road ahead for opposition candidate Katumbi in run up to presidential elections

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

DRC
Kazakh miner ERG clashes with presidential family in Lualaba

Spotlight | DRC
Kinshasa turns to the mining companies for fresh funds

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

Spotlight | DRC
MbZ and Tshisekedi finalise arms and mines deals

Central Africa
Beveraggi gains upper hand over Katumbi in NB Mining Africa dispute

DRC
China's MMG Kinsevere launches arbitration against Gécamines

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

DRC
Kinshasa hones Sicomines strategy ahead of talks with Chinese partner

Inner circles | Guinea
Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

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

DRC
Public debt has nearly doubled under Tshisekedi

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Indigo Publications' websites

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Gecamines

Spotlight | DRC IGF opposes Gécamines over mega-bonuses worth €40m

DRC Portfolio Minister Kayinda set to decide on Gécamines embezzlement allegations

DRC Asafo & Co bills Gécamines millions in extra fees

DRC Gecamines executives suspected of embezzling $10m

DRC EGC struggles to make cobalt comeback

Spotlight | Zambia China invests $1.3bn in the Copperbelt to safeguard its partnership with Lusaka

DRC IMF remains cautious ahead of polls

In Focus | DRC NB Mining affair: bumpy road ahead for opposition candidate Katumbi in run up to presidential elections

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

DRC Kazakh miner ERG clashes with presidential family in Lualaba

Spotlight | DRC Kinshasa turns to the mining companies for fresh funds

DRC Tshisekedi appoints Eric Kalala as new head of EGC

Spotlight | DRC MbZ and Tshisekedi finalise arms and mines deals

Central Africa Beveraggi gains upper hand over Katumbi in NB Mining Africa dispute

DRC China's MMG Kinsevere launches arbitration against Gécamines

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

DRC Kinshasa hones Sicomines strategy ahead of talks with Chinese partner

Inner circles | Guinea Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

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

DRC Public debt has nearly doubled under Tshisekedi

Refine your search

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

Spotlight | DRC
IGF opposes Gécamines over mega-bonuses worth €40m

DRC
Portfolio Minister Kayinda set to decide on Gécamines embezzlement allegations

DRC
Asafo & Co bills Gécamines millions in extra fees

DRC
Gecamines executives suspected of embezzling $10m

DRC
EGC struggles to make cobalt comeback

Spotlight | Zambia
China invests $1.3bn in the Copperbelt to safeguard its partnership with Lusaka

DRC
IMF remains cautious ahead of polls

In Focus | DRC
NB Mining affair: bumpy road ahead for opposition candidate Katumbi in run up to presidential elections

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

DRC
Kazakh miner ERG clashes with presidential family in Lualaba

Spotlight | DRC
Kinshasa turns to the mining companies for fresh funds

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

Spotlight | DRC
MbZ and Tshisekedi finalise arms and mines deals

Central Africa
Beveraggi gains upper hand over Katumbi in NB Mining Africa dispute

DRC
China's MMG Kinsevere launches arbitration against Gécamines

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

DRC
Kinshasa hones Sicomines strategy ahead of talks with Chinese partner

Inner circles | Guinea
Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

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

DRC
Public debt has nearly doubled under Tshisekedi