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Vol 52 No 23

Published 18th November 2011


Congo-Kinshasa

Bargain mine sales draw fire

The government’s secretive, and cheap, sale of lucrative mining assets is fast becoming an election issue

Mining companies stripped of valuable concessions have been sounding out the opposition before the presidential election, which is expected to take place on 28 November. President Joseph Kabila’s main challenger, Etienne Tshisekedi wa Mulumba, went to Canada in September to meet the directors of First Quantum Minerals, one of the companies most affected by the forced asset sales or seizures. First Quantum is in litigation with the Kinshasa government over the loss of its concessions while the International Monetary Fund and World Bank are taking the state-owned company Gécamines to task over secret mining contracts.

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