Your account has been succesfully created.

EN FR

Spotlight | DRC
Gécamines lets CNMC spend millions rather than respect local content rules

Published on 31.07.2020 at 05:00 GMT Reading time 2 minutes

Gécamines facilities at the Kambove copper mine (Haut-Katanga). © Reuters/FW1F/Jan Harvey

CNMC has signed a deal with Gécamines whereby the Chinese mining giant will fork out $5m to avoid having to hire a local firm for the construction of its copper and cobalt mine Kambove, as required by Congolese law.

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
Swiss trading company Octagon expands its copper interests in Africa

After signing a first contract with Chinese group CNMC, the Swiss minerals trading group signed another with Zijin Mining's DRC subsidiary COMMUS. It is also looking for supplies elsewhere in Africa.

Subscribers only Mining, Commodity Traders 09.03.2022

DRC, Zambia
Copper-cobalt: Chinese CNMC struggling in Zambia but progressing in DRC

The Chinese mining giant has suffered several setbacks at its Zambian mines, but is currently in a test phase in DRC, with a view to increasing its capacities there.

Subscribers only Mining 01.11.2021

DRC
Lubumbashi slag heap locals fume over pollution

Residents who live near the lucrative Lubumbashi cobalt slag heap have complained to the governor of Haut-Katanga province about pollution from the fumes coming out of the plant on the site.

Subscribers only Mining 25.05.2021

DRC
Gécamines minor reshuffle means major loss of influence for boss Albert Yuma

Gécamines secretary-general Déogratias Ngele Masudi is close to Albert Yuma, the chairman of the Congolese state firm and a friend of the former head of state. But he has been ousted.

Subscribers only Mining 02.02.2021

In Focus | DRC, Southern Africa, Zambia
Truckers in the Copperbelt forced to re-enact Mad Max at the hands of the Chinese

The arrival of Chinese companies at copper-cobalt deposits in the DRC and Zambia has upset traffic on mineral evacuation routes. They are forcing road transporters to contend with extremely low prices, leaving them no choice but to fight the terms of each new contract and redistribute market shares among the African ports.

Subscribers only Mining 02.11.2020

DRC
Germany's GIZ determined to protect local operators as mines go digital

In conjunction with the IGF, the German development agency GIZ is set to analyse the opportunities and risks associated with the digitalisation of the mining subcontracting sector in the DRC.

Subscribers only Mining 17.08.2020

DRC
New Gécamines boss pledges to pay salary arrears to steady ship

Faced with inquiries into the company's governance, production at a virtual standstill and finances in the doldrums, Sama Lukonde has taken over the helm of a Gécamines teetering on the brink. In a bid to shore up the Congolese state-owned mining company, he has promised to pay salary arrears with immediate effect.

Subscribers only Mining 20.07.2020

The new CEO of Gécamines Sama Lukonde Kyenge.

DRC
Subcontracting law: mining boss Albert Yuma puts old rival Kalej Nkand in his place

The debates that led to a cut in the sub-contracting regulation authority's prerogatives have rekindled an old dispute between its managing director Kalej Nkand and the chairman of the Congolese employers' association, Albert Yuma, within the state mining company Gécamines.

Subscribers only Mining, Business 25.06.2020

The Congolese employers' association chairman Albert Yuma.

Spotlight | DRC
Erik Prince wins key security contract from Chinese mining giant CNMC

Newly established in the DRC, the insurance subsidiary of Frontier Services Group, headed by private security magnate Erik Prince has won a contract from Chinese conglomerate CNMC, which has extensive interests in the Copperbelt.

Subscribers only Mining 16.06.2020

DRC, Zambia
China's CNMC bids to become central player in Copperbelt

Active for a long time in copper production in Zambia and the DRC, China's CNMC is now investing resources in becoming a key operator in trading and mining services.

Subscribers only Mining 12.05.2020

Text size

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Spotlight | DRC
Gécamines lets CNMC spend millions rather than respect local content rules

CNMC has signed a deal with Gécamines whereby the Chinese mining giant will fork out $5m to avoid having to hire a local firm for the construction of its copper and cobalt mine Kambove, as required by Congolese law.

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

Read also

DRC
Swiss trading company Octagon expands its copper interests in Africa

DRC, Zambia
Copper-cobalt: Chinese CNMC struggling in Zambia but progressing in DRC

DRC
Lubumbashi slag heap locals fume over pollution

DRC
Gécamines minor reshuffle means major loss of influence for boss Albert Yuma

In Focus | DRC, Southern Africa, Zambia
Truckers in the Copperbelt forced to re-enact Mad Max at the hands of the Chinese

DRC
Germany's GIZ determined to protect local operators as mines go digital

DRC
New Gécamines boss pledges to pay salary arrears to steady ship

DRC
Subcontracting law: mining boss Albert Yuma puts old rival Kalej Nkand in his place

Spotlight | DRC
Erik Prince wins key security contract from Chinese mining giant CNMC

DRC, Zambia
China's CNMC bids to become central player in Copperbelt

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Spotlight | DRC Gécamines lets CNMC spend millions rather than respect local content rules

CNMC has signed a deal with Gécamines whereby the Chinese mining giant will fork out $5m to avoid having to hire a local firm for the construction of its copper and cobalt mine Kambove, as required by Congolese law.

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

Read also

DRC Swiss trading company Octagon expands its copper interests in Africa

DRC, Zambia Copper-cobalt: Chinese CNMC struggling in Zambia but progressing in DRC

DRC Lubumbashi slag heap locals fume over pollution

DRC Gécamines minor reshuffle means major loss of influence for boss Albert Yuma

In Focus | DRC, Southern Africa, Zambia Truckers in the Copperbelt forced to re-enact Mad Max at the hands of the Chinese

DRC Germany's GIZ determined to protect local operators as mines go digital

DRC New Gécamines boss pledges to pay salary arrears to steady ship

DRC Subcontracting law: mining boss Albert Yuma puts old rival Kalej Nkand in his place

Spotlight | DRC Erik Prince wins key security contract from Chinese mining giant CNMC

DRC, Zambia China's CNMC bids to become central player in Copperbelt

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight | DRC
Gécamines lets CNMC spend millions rather than respect local content rules

DRC
Swiss trading company Octagon expands its copper interests in Africa

DRC, Zambia
Copper-cobalt: Chinese CNMC struggling in Zambia but progressing in DRC

DRC
Lubumbashi slag heap locals fume over pollution

DRC
Gécamines minor reshuffle means major loss of influence for boss Albert Yuma

In Focus | DRC, Southern Africa, Zambia
Truckers in the Copperbelt forced to re-enact Mad Max at the hands of the Chinese

DRC
Germany's GIZ determined to protect local operators as mines go digital

DRC
New Gécamines boss pledges to pay salary arrears to steady ship

DRC
Subcontracting law: mining boss Albert Yuma puts old rival Kalej Nkand in his place

Spotlight | DRC
Erik Prince wins key security contract from Chinese mining giant CNMC

DRC, Zambia
China's CNMC bids to become central player in Copperbelt