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DRC
Albert Yuma's young guard take helm of DRC's Gécamines

The state miner's new chairman and general managers appointed by Kinshasa to give Gécamines a new lease of life were all in the good books of the firm's all-powerful former boss Albert Yuma Mulimbi. They also each worked at one time for private mining firms operating in DRC, such as AngloGold and Glencore. [...]

Published on 08/03/2023 at 05:40 GMT Reading time 3 minutes

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Mining

Set up email notifications for these topics

DRC
Albert Yuma Mulimbi
Alphonse Kaputo Kalubi
AngloGold
China Minmetals
China Molybdenum
China Nonferrous Metal Mining Corp
Felix Tshisekedi
Freeport McMoRan
Gecamines
Glencore
Guy Robert Lukama Nkunzi
Inspection Generale des Finances
Jack Masangu
Joseph Kabila
Jules Alingete Key
Kamoto Copper Co
Léon Mwine Kabiena
Ludovic Monga
Placide Nkala Basadilua
Sama Lukonde Kyenge
Sicomines
Tambwe Ngoy

DRC
Kinshasa out to save Primera Gold

In financial difficulty since the departure of its Emirati partner, the state-owned artisanal gold producer is to receive a capital injection of $25m from the Mining Fund for Future Generations.

Subscribers only Commodity traders 25.10.2024

Spotlight | DRC
IGF opposes Gécamines over mega-bonuses worth €40m

Gécamines' board of directors voted to pay a 5% bonus to the members of the committee that negotiated a $1.6bn deal with China's Tenke Fungurume Mining.

Subscribers only Mining, Business 15.01.2024

Gécamines' headquarters in Lubumbashi, DRC, on 16 January, 2021.

DRC
Asafo & Co bills Gécamines millions in extra fees

Paris law firm Asafo & Co should receive $9m in additional fees for its role advising Congolese state-owned mining company Gécamines in its negotiations with China Molybdenum Co (CMOC).

Subscribers only Mining 26.10.2023

DRC
Gecamines executives suspected of embezzling $10m

Breaking news published on 24/10/23 at 16:01 GMT - According to a document that Africa Intelligence has seen, state auditors suspect 30 Gecamines managers of embezzlement.

Subscribers only Mining 24.10.2023

Gécamines' headquarters in Lubumbashi, DR Congo.

Spotlight | DRC
There's more to Gécamines' record performance than meets the eye

The state-owned company had revenue of around $1bn in 2022, even though its own production has been on the wane for years. Gécamines' directors are exploring new avenues to revive the mining of "strategic" minerals.

Subscribers only Mining 01.09.2023

Gecamines' Shituru hydrometallurgical facility, which processes copper and cobalt, outside Likasi in the southern region of Katanga, on 31 January 2013.

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

The former Bolloré executive Eric Kalala is preparing to take the helm at the Entreprise Générale de Cobalt. With this appointment, the Congolese president hopes to breathe new life into the Gécamines subsidiary, which has been somewhat neglected since its creation in 2019.

Subscribers only Mining 29.05.2023

Congolese president Félix Tshisekedi in Beijing on 26 May 2023.

DRC
Sicomines dispute likely to cast shadow over Tshisekedi's Beijing trip

DRC president Felix Tshisekedi will travel to Beijing on 26 May for a bilateral meeting with his Chinese counterpart Xi Jinping, during which an attempt to find a solution to the dispute over the mining firm Sicomines could be made.

Subscribers only Mining 10.05.2023

DRC
China's MMG Kinsevere launches arbitration against Gécamines

China Minmetals' DR Congo subsidiary MMG Kinsevere has launched an arbitration procedure in Paris against its partner, Gécamines. It wants $145m from the state-owned company, which it claims is blocking the expansion of its Kinsevere mine.

Subscribers only Mining 19.04.2023

Inner circles | DRC
Gécamines boss Kaputo Kalubi stymied by political interference

The close political and financial scrutiny of the DRC's state-owned mining firm is hobbling its efforts to develop Katanga's natural resources, and its new management team has been unable to carry out the necessary restructuring.

Subscribers only Mining 02.12.2022

Gécamines headquarters in Lubumbashi, Democratic Republic of Congo, on the 16th January 2021.

DRC
Yuma's sidelined rivals rise to top at Gécamines

The new Gécamines chairman, Alphonse Kaputo Kalubi, was for a long time sidelined by Albert Yuma, who has just been ousted from the helm of the state-owned mining company. It seems that the new managing director appointed at the same time was not a Yuma favourite either.

Subscribers only Mining 09.12.2021

Inner circles | DRC
Hard road ahead for new PM to step out of president's grip

The DRC's new prime minister Sama Lukonde Kyenge will have trouble placing his supporters in government and standing up to the president.

Subscribers only Politics 14.05.2021

DRC
Indaba 2019: Felix Tshisekedi short of mining representatives

Taking place as it is just a few weeks after the election of Felix Tshisekedi as president of Congo-K, the [...]

Subscribers only Mining 04.02.2019

Set up email notifications for these topics

DRC
Albert Yuma Mulimbi
Alphonse Kaputo Kalubi
AngloGold
China Minmetals
China Molybdenum
China Nonferrous Metal Mining Corp
Felix Tshisekedi
Freeport McMoRan
Gecamines
Glencore
Guy Robert Lukama Nkunzi
Inspection Generale des Finances
Jack Masangu
Joseph Kabila
Jules Alingete Key
Kamoto Copper Co
Léon Mwine Kabiena
Ludovic Monga
Placide Nkala Basadilua
Sama Lukonde Kyenge
Sicomines
Tambwe Ngoy

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DRC
Albert Yuma's young guard take helm of DRC's Gécamines

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DRC
Kinshasa out to save Primera Gold

Spotlight | DRC
IGF opposes Gécamines over mega-bonuses worth €40m

DRC
Asafo & Co bills Gécamines millions in extra fees

DRC
Gecamines executives suspected of embezzling $10m

Spotlight | DRC
There's more to Gécamines' record performance than meets the eye

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

DRC
Sicomines dispute likely to cast shadow over Tshisekedi's Beijing trip

DRC
China's MMG Kinsevere launches arbitration against Gécamines

Inner circles | DRC
Gécamines boss Kaputo Kalubi stymied by political interference

DRC
Yuma's sidelined rivals rise to top at Gécamines

Inner circles | DRC
Hard road ahead for new PM to step out of president's grip

DRC
Indaba 2019: Felix Tshisekedi short of mining representatives

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About Africa Intelligence

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Indigo Publications' websites

Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

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DRC Albert Yuma's young guard take helm of DRC's Gécamines

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Set up email notifications for these topics

DRC Kinshasa out to save Primera Gold

Spotlight | DRC IGF opposes Gécamines over mega-bonuses worth €40m

DRC Asafo & Co bills Gécamines millions in extra fees

DRC Gecamines executives suspected of embezzling $10m

Spotlight | DRC There's more to Gécamines' record performance than meets the eye

DRC Tshisekedi appoints Eric Kalala as new head of EGC

DRC Sicomines dispute likely to cast shadow over Tshisekedi's Beijing trip

DRC China's MMG Kinsevere launches arbitration against Gécamines

Inner circles | DRC Gécamines boss Kaputo Kalubi stymied by political interference

DRC Yuma's sidelined rivals rise to top at Gécamines

Inner circles | DRC Hard road ahead for new PM to step out of president's grip

DRC Indaba 2019: Felix Tshisekedi short of mining representatives

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

DRC
Albert Yuma's young guard take helm of DRC's Gécamines

DRC
Kinshasa out to save Primera Gold

Spotlight | DRC
IGF opposes Gécamines over mega-bonuses worth €40m

DRC
Asafo & Co bills Gécamines millions in extra fees

DRC
Gecamines executives suspected of embezzling $10m

Spotlight | DRC
There's more to Gécamines' record performance than meets the eye

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

DRC
Sicomines dispute likely to cast shadow over Tshisekedi's Beijing trip

DRC
China's MMG Kinsevere launches arbitration against Gécamines

Inner circles | DRC
Gécamines boss Kaputo Kalubi stymied by political interference

DRC
Yuma's sidelined rivals rise to top at Gécamines

Inner circles | DRC
Hard road ahead for new PM to step out of president's grip

DRC
Indaba 2019: Felix Tshisekedi short of mining representatives