Gecamines

The announcement in 2018 of Gécamines that it will renegotiate contracts with international miners is part of a wider general trend across the continent.

Gécamines has published a response to several NGOs regarding allegations made towards the company and the Democratic Republic of Congo.

 The Democratic Republic of Congo’s state-owned mining company Gécamines says that it was not consulted on Katanga Mining’s decision to suspend cobalt sales and exports from the Kamoto Copper Company project.

An independently prepared estimate has resulted in a significant increase in measured and indicated mineral resources at Ivanhoe Mines’ high-grade Kipushi zinc-copper-silver-germanium mine.

The DRC's state-owned mining company Gécamines has commenced with the restructure of its business as part of a transformation plan to bring the company back to a state of growth and profitability.

DRC mining entity Gécamines has officially withdrawn the legal proceedings it commenced on 20 April 2018 in the Kolwezi Commercial Court to dissolve Kamoto Copper Company.  

Global copper mine production will experience steady growth over the next few years, supported by markets with low operating costs and improving copper prices.

TSX-listed Katanga Mining has announced that, together with Kamoto Copper, it has entered an agreement with Gécamines to terminate the legal proceedings brought by Gécamines in the DRC courts and resolve KCC’s previously disclosed capital deficiency.

Negotiations are ongoing with government agencies – Gécamines, Ivanhoe Mines partner at Kipushi and Société Nationale des Chemins de Fer du Congo, the DRC's national railway company – and potential project financiers to advance agreements to launch commercial production at Kipushi.

A DRC court has suspended proceedings initiated by state-owned mining company Gecamines to dissolve a unit of Glencore until at least next month.