Jump to navigation

Vol 52 No 16

Published 5th August 2011


Congo-Kinshasa

Mutatis mutandis

Mystery surrounds a sale by the state-owned Générale des Carrières et des Mines to a company linked to Dan Gertler, a close friend of President Joseph Kabila. Just three months before the elections, the deal is ringing alarm bells among opposition politicians. Officials have not formally announced the sale of a US$800 million stake in Gécamines’ Mutanda company or revealed where the proceeds have gone, let alone whether the sale of one of Congo’s most valuable copper mining projects involved competitive bidding. The beleaguered company loses one of its most valuable holdings and likely royalties of over $200 mn.

End of preview - This article contains approximately 389 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.