On 3 November 2017, the Carter Center (which advocates human rights and democracy) published a report titled “A State Affair: Privatizing Congo’s Copper Sector”.
After having taken the time to meticulously analyse the terms of this report, Gécamines notes that the main grievances against it are the following:
In reality, the Carter Center shows three fundamental weaknesses through this report:
The report relentlessly tries to demonstrate that some revenues would be incompletely declared.
However, all of the revenues received by Gecamines over the relevant periods are faithfully transcribed into the accounts of the company.
The calculations put forward by the Carter Center to demonstrate an alleged disappearance of US$750 million, which are based on the EITI declarations and payments publicly declared by partner companies, are therefore wrong.
Gecamines intends to rectify the major errors and mis-truths contained in the report:
Gecamines regrets that the Carter Center is uttering as serious allegations against it, supposed to base the world’s public opinion, on the basis of estimates which turn out to be erroneous.
The company wants to remind that it accounts for at any time to its sole shareholder, which controls its action and is duly represented within the company’s corporate bodies.
Concerning control and transparency mechanisms within the company, Gecamines reminds once again that its financial statements are not only certified by an auditor, but also audited by the largest audit firms in the world.
2. A partial and oriented description of the status of Gecamines
The report attempts to demonstrate that Gecamines would enjoy derogatory privileges, disrupting competition between mining operators. On this very last point, the company first wishes to recall that almost all of the mining production is handled by external partners of the DRC, which is enough to demonstrate the minimal impact of Gecamines on competition between operators.
For the remainder, Gecamines only acknowledges that the report does not even try to put into perspective the mission of a national company like itself, given the preeminence of the mining sector in the DRC. It would be easy to establish that in other countries in which the Carter Center does not seem to be interested, national companies of comparable strategic importance would not have a different position.
The report outlines the Carter Center’s ideological vision of how to organise the mining sector in a country like the DRC, in particular by recommending to Gecamines to shift from a producer to a minority stakes portfolio manager, instead of making serious proposals for an ambitious industrial policy.
What the report does not say is that such a recommendation, made and implemented for almost
15 years, has already led to the impoverishment of the DRC, through the diversion by external partners of the revenues from the exploitation of its mineral resources.