Your account has been succesfully created.

EN FR

Spotlight | DRC
Kabila fills his Katanga basket fund

Recently urged by president Joseph Kabila to contribute to his new "basket fund," mining companies in Katanga were equally urged to say how much they would chip in as soon as possible. Not informed of the move, Moise Katumbi, governor [...]

Published on 30/09/2014 at 22:02 GMT Reading time 2 minutes

This article may be accessed by subscribers

In order to ensure high-quality and independent journalism, Africa Intelligence relies solely on subscriptions from its readers, with no advertising, no events and no consulting work.

Several offers are available depending on your particular reading needs

Consult our offers

Do you want a free trial before subscribing?

Create your free account

Discover our work by making use of the following possibilities: daily newsletters, a selection of free articles, keyword alerts.

Do you want a free trial before subscribing?

create a free account

DRC
Ex-chamber of mines boss Simon Tuma-Waku to grow agricultural business

The deputy managing director of Tenke Fungurume Mining, former minister and ex-chair of the DRC's chamber of mines is ploughing ahead with plans to farm the land he owns in Haut-Katanga.

Free access Mining, Business 05.04.2021

DRC
US judge rejects shareholders' class action over DRC corruption allegations involving Glencore and Dan Gertler

Glencore's American shareholders, who are seeking compensation for stock exchange losses they claim resulted from suspicions of corruption in the DRC mining sector involving the trading group and businessman Dan Gertler, have had their case dimissed by a US court.

Subscribers only Mining 27.08.2020

DRC
Glencore doubles down on security in Kamoto

Swiss trading house Glencore has made good progress on the [...]

Subscribers only Mining 29.10.2019

DRC
Former Tenke Fungurume and Mutanda execs set up shop to help miners

Mining operators' querying of, even concern for, the Democratic Republic [...]

Subscribers only Mining 15.10.2019

DRC
Police banned from mines: the reform that isn't

One of the key decisions made in the first months of Felix Tshisekedi's mandate as president of Congo-K was to [...]

Subscribers only Defence 30.07.2019

DRC
Kabongo, Dan Gertler's former right-hand-man speeds up dam project

Congolese businessman Yves Kabongo, close to the president's inner circle, has placed his cards on the promising Kinsuka site.

Subscribers only Energy 02.10.2018

DRC
Giovanni Zunino wants to play it safe along Katanga-Zambia copper route

The transporter of ore produced by Glencore and TFM in Katanga, the businessman wants to install video surveillance on his trucks to secure their passage.

Subscribers only Infrastructure, Mining 11.09.2018

DRC
Moise Katumbi: his friends, his allies, his networks

Though not the only candidate in the next (as yet unconfirmed) presidential election, the ex-governor of Katanga seems to have the most extensive networks.

Subscribers only Politics 25.04.2018

Moïse Katumbi, former governor of Katanga, is positioning himself for the next presidential election

DRC
Local analysis but international standard

The Societe de surveillance miniere (SSM), mining analysis laboratory based [...]

Subscribers only Mining 10.04.2018

DRC
Moore Stephens lambasts mines' financial transparency record

The report on the state of Congo-K's extractive industry for [...]

Subscribers only Mining 13.03.2018

DRC
Yves Kabongo, king of mining human resources

Congolese entrepreneur Yves Kabongo, former right-hand man for Israeli businessman [...]

Subscribers only Mining 12.12.2017

DRC
Kevin Torudag's local offensive via Bankers Cobalt Corp

On October 23, Kevin Torudag became the largest shareholder of Bankers Cobalt Corp (BCC), of which the board of directors [...]

Subscribers only Mining 31.10.2017

DRC
Kevin Todurag, Yves Kabongo's Katangan ally

Yves Kabongo, the former right-hand-man of businessman Dan Gertler at [...]

Subscribers only Mining 17.10.2017

DRC
Mining expert-cum-lobbyist Rick Gittleman launches consultancy firm

Rick Gittleman, the former legal counsel at Glencore, recently inaugurated [...]

Subscribers only Mining 17.10.2017

Spotlight | DRC
Glencore and Trafigura caught in Katanga tangle

The elections scheduled in 2017 to determine Congo-K president Joseph Kabila's successor are disrupting the country's economy. The unsettling climate is taking its toll on trading firms Glencore and Trafigura, who dominate copper and cobalt trading in Katanga.

Subscribers only Mining 09.05.2017

DRC
Growing numbers of French in Katanga?

Seeing opportunities for French firms in Katanga with the price [...]

Subscribers only Mining 21.03.2017

DRC
Good news for Glencore on electricity front in late 2017

Although Glencore is entangled in legal difficulties in Zambia, where [...]

Subscribers only Mining 07.02.2017

DRC
Trading agencies closed amid fears of new taxes

The City Hall in Lubumbashi closed a number of trading agencies for having failed to pay various minerals taxes. In [...]

Free access Mining 17.11.2015

DRC
How bargaining with Glencore split the government

Congo-K’s government reached an agreement with Glencore on reducing its operations in the country but the road to accord was rocky.

Subscribers only Mining 06.10.2015

DRC
Claude Polet faces local hostility

The general manager of Tenke Fungurume Mining (TFM) in Congo-K, Belgian engineer Claude Polet, has found himself dealing with a [...]

Subscribers only Mining 07.07.2015

DRC
TFM’s large tax bill ignites fresh doubts on legislation

As the government sends new mining legislation to parliament for approval the country has barely starting pocketing profits from existing laws.

Subscribers only Mining 10.03.2015

DRC
Konzi caught up in anti-Katumbi drive

After a purge of officials loyal to governor Moise Katumbi [...]

Subscribers only Mining 24.02.2015

DRC
Kabila has his sights trained on Katanga’s finances

The central government is continuing to tighten the noose on the mining province of Katanga following a speech by governor [...]

Subscribers only Mining 27.01.2015

DRC
Mining firms fear civil strife in Katanga

President Joseph Kabila’s decision to strip Katanga governor Moise Katumbi of his functions as provincial chief of the PPRD party has triggered tension in Katanga.

Subscribers only Mining 13.01.2015

DRC
Muyanbo demands clarity with mining receipts

Lawyer Jean-Claude Muyambo, president of the party Solidarite Congolaise pour [...]

Subscribers only Mining 23.12.2014

DRC
Kabila revives update on mining code

Contrary to what some mining firms operating in Democratic Republic of Congo imagined, a revision of mining legislation that had [...]

Subscribers only Mining 23.12.2014

DRC
Mining code revision: a stalemate that suits operators

With civil society is running out of patience, mining companies are only too happy about the logjam in updating legislation.

Subscribers only Mining 09.12.2014

DRC
Tshibal stands in as governor

Due to the prolonged absence of governor Moise Katumbi, Guibert [...]

Subscribers only Mining 25.11.2014

DRC
Kitebi said to have squirreled away receipts

Finance minister Patrice Kitebi, who is close to Congo-K’s prime minister, has been accused of holding back over $73 million [...]

Subscribers only Mining 25.11.2014

Spotlight | DRC
Gertler seeks to sell Moku Goldmines to Randgold

Mark Bristow, the boss of Randgold Resources, could shortly reign over Moto’s gold belt. According to sources in Kinshasa, Dan Gertler, the diamond tycoon and mining entrepreneur, a long-standing veteran of Congo’s industry, is worried over the drop in the [.

Subscribers only Mining 11.11.2014

DRC
Katumbi seeks American backing

The governor of the mineral-rich province of Katanga, Moise Katumbi, is seeking American support and to increase his region’s visibility [...]

Subscribers only Mining 22.10.2013

Insiders | DRC
Mines at the heart of ethnic allegiances

In this enormous country where central power is weak, ethnic allegiance counts above everything, particularly in the mineral resources sector where the political and economic stakes are high. Whoever controls the copper, cobalt, diamond and cassiterite mines of this vast land controls the manna which will finance the presidential and provincial elections of the future and the military operations needed to repel foreign forces.

Subscribers only 29.08.2013

Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Spotlight | DRC Kabila fills his Katanga basket fund

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Related topics to this article

DRC Ex-chamber of mines boss Simon Tuma-Waku to grow agricultural business

DRC US judge rejects shareholders' class action over DRC corruption allegations involving Glencore and Dan Gertler

DRC Glencore doubles down on security in Kamoto

DRC Former Tenke Fungurume and Mutanda execs set up shop to help miners

DRC Police banned from mines: the reform that isn't

DRC Kabongo, Dan Gertler's former right-hand-man speeds up dam project

DRC Giovanni Zunino wants to play it safe along Katanga-Zambia copper route

DRC Moise Katumbi: his friends, his allies, his networks

DRC Local analysis but international standard

DRC Moore Stephens lambasts mines' financial transparency record

DRC Yves Kabongo, king of mining human resources

DRC Kevin Torudag's local offensive via Bankers Cobalt Corp

DRC Kevin Todurag, Yves Kabongo's Katangan ally

DRC Mining expert-cum-lobbyist Rick Gittleman launches consultancy firm

Spotlight | DRC Glencore and Trafigura caught in Katanga tangle

DRC Growing numbers of French in Katanga?

DRC Good news for Glencore on electricity front in late 2017

DRC Trading agencies closed amid fears of new taxes

DRC How bargaining with Glencore split the government

DRC Claude Polet faces local hostility

DRC TFM’s large tax bill ignites fresh doubts on legislation

DRC Konzi caught up in anti-Katumbi drive

DRC Kabila has his sights trained on Katanga’s finances

DRC Mining firms fear civil strife in Katanga

DRC Muyanbo demands clarity with mining receipts

DRC Kabila revives update on mining code

DRC Mining code revision: a stalemate that suits operators

DRC Tshibal stands in as governor

DRC Kitebi said to have squirreled away receipts

Spotlight | DRC Gertler seeks to sell Moku Goldmines to Randgold

DRC Katumbi seeks American backing

Insiders | DRC Mines at the heart of ethnic allegiances

Related topics to this article

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight | DRC
Kabila fills his Katanga basket fund

DRC
Ex-chamber of mines boss Simon Tuma-Waku to grow agricultural business

DRC
US judge rejects shareholders' class action over DRC corruption allegations involving Glencore and Dan Gertler

DRC
Glencore doubles down on security in Kamoto

DRC
Former Tenke Fungurume and Mutanda execs set up shop to help miners

DRC
Police banned from mines: the reform that isn't

DRC
Kabongo, Dan Gertler's former right-hand-man speeds up dam project

DRC
Giovanni Zunino wants to play it safe along Katanga-Zambia copper route

DRC
Moise Katumbi: his friends, his allies, his networks

DRC
Local analysis but international standard

DRC
Moore Stephens lambasts mines' financial transparency record

DRC
Yves Kabongo, king of mining human resources

DRC
Kevin Torudag's local offensive via Bankers Cobalt Corp

DRC
Kevin Todurag, Yves Kabongo's Katangan ally

DRC
Mining expert-cum-lobbyist Rick Gittleman launches consultancy firm

Spotlight | DRC
Glencore and Trafigura caught in Katanga tangle

DRC
Growing numbers of French in Katanga?

DRC
Good news for Glencore on electricity front in late 2017

DRC
Trading agencies closed amid fears of new taxes

DRC
How bargaining with Glencore split the government

DRC
Claude Polet faces local hostility

DRC
TFM’s large tax bill ignites fresh doubts on legislation

DRC
Konzi caught up in anti-Katumbi drive

DRC
Kabila has his sights trained on Katanga’s finances

DRC
Mining firms fear civil strife in Katanga

DRC
Muyanbo demands clarity with mining receipts

DRC
Kabila revives update on mining code

DRC
Mining code revision: a stalemate that suits operators

DRC
Tshibal stands in as governor

DRC
Kitebi said to have squirreled away receipts

Spotlight | DRC
Gertler seeks to sell Moku Goldmines to Randgold

DRC
Katumbi seeks American backing

Insiders | DRC
Mines at the heart of ethnic allegiances