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DRC
Och-Ziff investment group could face still more flak over the deal it did with Dan Gertler

Och-Ziff Capital Management Group, which recently changed its name to Sculptor Capital Management, has settled its dispute with former Africo shareholders over its takeover of the Kalukundi copper project in association with Dan Gertler. It still faces the threat of further legal action, however, from civil society interests. [...]

Published on 10/11/2020 at 06:00 GMT Reading time 2 minutes

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DRC, Libya, United States
Washington wraps up criminal action against Och-Ziff over Dan Gertler transaction

The criminal action brought by the US authorities in September 2016 against the New York hedge fund Och-Ziff Capital Management Group (renamed Sculptor Capital Management in 2019) for corrupting Congolese and Libyan public officials finally reached a conclusion on 13 May.

Subscribers only Mining 27.05.2021

Spotlight | DRC
Why is Dan Gertler transferring his oil assets to new firms?

The Israeli diamond dealer is trying to counter the effects of US sanctions on his Congolese companies and is hoping to get a new extension on his oil permits.

Subscribers only Energy 04.05.2021

DRC
Spotlight on Telf, the trader of colbalt from Metalkol, where Gertler owns royalties

The Swiss trading company Telf that has reached an agreement with Eurasian Resources Group to market cobalt produced at the Metalkol plant in DRC actually helps out the Kazakh group for most of its trading activities.

Subscribers only Mining 16.02.2021

DRC
Dan Gertler tries to restore his reputation at Eurasian Resources Group's expense

Kazakhstan's Eurasian Resources Group, which runs the Metalkol metal reprocessing venture, has been working hard to build itself a reputation for responsible management in the DRC. Israeli businessman Dan Gertler has jeopardised its efforts, however, with a headline-grabbing proposition to use some of the proceeds from the venture to set up an investment scheme for the benefit of the DRC public.

Subscribers only Mining 18.11.2020

Dan Gertler during his 16 November video statement to the media.

DRC
Former Africo shareholders hold firm on valuation of Kalukundi copper in Och-Ziff case

In a document filed with a court in New York, Africo's former shareholders argue that Och-Ziff's estimate of the amount it owes them following its takeover of the Kalukundi copper deposit is too low. They cast doubt, too, on the valuation of the site made by the American government, which is supposed to be their ally in the affair.

Subscribers only Mining 20.05.2020

DRC
Och-Ziff non-plussed with ex-Africo investors' compensation figure

On March 6, Cahill Gordon & Reindell partner Anirudh Bansal submitted his client, OZ Africa's response, before the court of [...]

Subscribers only Finance, Mining 24.03.2020

DRC
Africo's ex-shareholders take on Och-Ziff… and the DoJ!

As predicted by Africa Mining Intelligence (AMI 405), on 20 February a group of ex-shareholders in the mining company Africo [...]

Subscribers only 20.02.2018

Spotlight | DRC
Africo Resources' shareholders want Och-Ziff to pay up

As Africa Mining Intelligence revealed (AMI 404), a group of former shareholders of Canadian junior Africo Resources, which previously owned the Katanga copper project Kalukundi, is preparing to file for damages in the US against American hedge fund Och-Ziff Capital [.

Subscribers only Mining 12.12.2017